For so long, traditional fixed odds sports’ betting was the only option available to punters. With traditional fixed odds sports betting, punters knew even before a match started the exact payout that they would walk away if the team they are backing wins. However, betting operators in recent times have devised new mechanisms of making sports betting more exciting, fun and at the same time more lucrative and profitable. One such mechanism is the introduction of spread betting. In this article, we are going to explain what spread betting is while at the same time juxtaposition it against the traditional moneyline betting.
What is Spread Betting?
Spread betting is a new, unique, exciting and fast paced sport betting technique. Simply speaking, spread betting entails a prediction of what will happen in a specified market fir a given sports event and its expressed as a sell-buy range. When punters are convinced that the outcome in the event will end up higher than said range, they BUY but if they are convinced that the outcome will end up lower than said range, they SELL.
With spread betting, punters are rewarded more the more right they are. To put this into perspective, let’s take the example of a match between Arsenal and Manchester United. If a punter predicts that the match will end in favour of Arsenal with over 2.5 goals scored, the punter gets to win the standard payout if the match ends in favour of Arsenal by a 3-goal margin. However, if the margin of the score increases, the payout that goes to the player also increases. The bigger the win margin, the bigger the payout that goes to the player. In the same vein, if the match ends in favour of Manchester United, the punter loses. The bigger the losing margin, the bigger the loss.
What is Moneyline Betting?
Moneyline betting is the exact opposite of spread betting. With moneyline betting, punters are betting on the exact actual outcome of a match. There are no spreads to talk about here. With moneyline betting, there are three bet outcomes. Namely, these are Win, Lose and Draw. Some moneyline bets may however only offer the first two that is, Win and Lose.
When players place moneyline bets, they are simply choosing that one of the teams will win the match, and the other will lose. In some instances however, players may pick the two teams to end the match in a stalemate hence draw.
The favourite in a moneyline bet odds such as this: -150. What this simply means is that the punter is required to wager $150 in order to win $100. The underdog will have odds such as this: +150. What this means is that the punter must wager $100 in order to win $150.
How to Convert Spread Betting to Moneyline Odds
Sometimes, punters may find themselves looking to convert spread betting to moneyline odds or vice versa. This may be done when punters are convinced that they can reap more value from one type of bet over another. Well, to help players make the conversions easily, below is a conversion chart they can use. Players need to note that they can also make automatic conversions when they make use of various spread moneyline converter calculators available online.