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In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn't have anything to do with a spread. You may also see a money line bet listed as 'Money Line' or 'ML' in different spaces.
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a 'chalk' pick. A heavy favorite usually has a number pushing +300 or more. Here, you're wagering a lot on the favorite to win a little. Don't assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
Online sports gambling nj. When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn't matter if the team you bet on wins by one point or 100 points. You're purely betting on the team you believe will win the game. As Al Davis said, 'Just win, baby.' That's exactly what you'd be looking for out of your selection. It doesn't have to be pretty, it just has to happen or your original stake is lost.
Kansas sports betting is back on the table.
Senate Bill 84 was introduced on Jan. 27, with companion bill House Bill 2199introduced Tuesday. Both propose expanding the state lottery to oversee KS sports betting.
Several efforts to legalize sports betting in Kansas failed in the past. The Kansas Senate did pass a sports betting bill in February 2020, but the COVID-19 pandemic stymied the effort in the House.
Each of the state's four casinos, which are controlled by the lottery, would gain the ability to open a retail sportsbook and partner with up to three mobile sports betting platforms. The proposed bill does not outline any specific registration rules.
A positive outlook
If the early 2020 momentum carries over and Gov. Laura Kelly jumps on board, mobile sports betting could be available in the state later this year. Kansas would tax 7.5% of wagers received in-person and 10% from bets placed through online partners.
With a population just shy of 3 million, Kansas likely won't come near the betting tourism similarly-sized Nevada.
Mississippi generated $43 million in revenue in 2020 with its population of approximately 3 million.
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Neighboring Missouri is also among many states considering sports betting legislation this year.
Kansas sports betting partnerships
PointsBetgained market access through a partnership with Kansas Crossing Casino and Hotel last year. Boyd Gaming runs the Kansas Star Casino, giving its partner FanDuel an inside edge.
Each of the state's four casinos, which are controlled by the lottery, would gain the ability to open a retail sportsbook and partner with up to three mobile sports betting platforms. The proposed bill does not outline any specific registration rules.
A positive outlook
If the early 2020 momentum carries over and Gov. Laura Kelly jumps on board, mobile sports betting could be available in the state later this year. Kansas would tax 7.5% of wagers received in-person and 10% from bets placed through online partners.
With a population just shy of 3 million, Kansas likely won't come near the betting tourism similarly-sized Nevada.
Mississippi generated $43 million in revenue in 2020 with its population of approximately 3 million.
Best Legal Online Gambling Sites
Neighboring Missouri is also among many states considering sports betting legislation this year.
Kansas sports betting partnerships
PointsBetgained market access through a partnership with Kansas Crossing Casino and Hotel last year. Boyd Gaming runs the Kansas Star Casino, giving its partner FanDuel an inside edge.
Penn National Gaming operates the Hollywood Casino, meaning Barstool Sportsbook is the likely brand.
Other major operators are unaffiliated in Kansas, but with 12 partnerships likely available there would be plenty of slots to go around.
Sporting exceptions
Through a 'sporting facility' designation, the Kansas Speedway could be home to an online sports betting area in partnership with the nearby Hollywood Casino.
A stipulation in the bill could allow Native American tribes with gaming operations to renegotiate their state agreements to include sports betting in some form.
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Under most state compacts, tribes can offer any form of gaming authorized commercially.
