Seeing a negative money line might throw people off who aren’t that familiar with the betting scene. By better understanding the odds, people can make smarter wagers and start to win long-term.
Is a negative money line a good option to take a chance on? Without question, people have made a living betting on negative money lines. As long as it’s done with the right wagers, betting the money line can be a great bet.
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Why Would You Bet a Negative Money Line?
A negative money line means that a team is the favorite. That means that placing a wager on the favorite will yield less money than betting the same money on the underdog. That’s to be expected since the odds of the favorite winning are better.
The simplest way to look at it is that a negative number denotes how much money someone has to wager to win the set $100 amount. For example, if a team is -250, it takes $250 wagered to win $100.
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This is a great way to build up a bankroll when betting smartly. The wins might never be that huge, but it builds confidence and adds up as time goes on. Keep in mind that ties and pushes do cause some issues with money lines.
What Type of Winning Percentage is Needed to Earn Money Long-Term with Negative Money Line Bets?
If every single team has a negative money line, that means a person must have a fairly high winning percentage to win money long-term. Betting on favorites requires a player to never fall victim to long cold streaks.
The caliber of favorite will determine what type of winning percentage a person needs to win long-term. For example, betting the same amount of money on favorites that are -300 teams means a person must win greater than 75.1% of their bets or more to be in the positive.
Can a Person Win Money Consistently Only Betting on Underdogs?
The simple answer is that it is possible to bet on the underdogs and win consistently enough to be up. That’s because if it’s just a slight underdog, there’s still a decent chance that they can win consistently. Win enough to keep everything flowing, and everything will go according to plan.
To take the example above, betting on teams consistently that are +300 means a person only has to win 25.1% of the time to be in the positive. Of course, +300 teams are given those odds for a reason. They have a tough chance of winning in a particular matchup.
Final Verdict: Betting Negative or Positive Money Lines?
Most seasoned gamblers don’t favor one or the other exclusively. Instead, they will bet a mix depending on what stands out. However, for those who want to experience a win, betting on negative money lines is the safest way to go.
The payout for a big-time favorite might not be much, but most love experiencing a win when gambling. It helps start a nice roll gamblers might ride for more and more success.