A $100 money line bet is a type of sports betting where you are wagering $100 on a specific team or individual to win a game or event.
In American odds, the money line is represented by a minus (-) sign for the favorite and a plus (+) sign for the underdog.
This shows the amount of risk and potential reward involved in the bet.
What happens if you bet $100 on a +140 money line?
If you bet $100 on a +140 money line, you’re placing a wager on an underdog with a payout of $140 for every $100 you risk.
In this case, if your chosen team or individual wins, you would profit $140, and your initial $100 stake would be returned. Your total payout would be $240.
To visualize this, let’s break down the outcome into two possibilities:
1. Winning the bet
- Risk: $100
- Profit: $140
- Winnings: $240 ($100 original bet + $140 profit)
2. Losing the bet
- Risk: $100
- Loss: $100
- Winnings: $0
Keep in mind that sportsbooks set these odds based on their calculations and predictions, so there’s always a chance of losing your bet.
When should I be betting on a +140 money line?
Deciding when to bet on a +140 money line largely depends on your sports betting strategy and knowledge about the teams or individuals involved.
You can bet on a +140 money line when you believe that the underdog has a higher chance of winning than the odds indicate.
This is known as finding “value” in your bets.
Analyze past performances, injuries, and other relevant factors before placing your bet to make the best decisions on whether the potential risks and rewards justify your wager.
How do I calculate my profit from a +140 money line bet?
Calculating your profit from a +140 money line bet is straightforward. If your bet is successful, you will earn $1.40 for every $1 you risk. To determine your profit:
- Divide the money line by 100:
140 / 100 = 1.4 - Multiply the result by the amount of money you’re planning to bet:
1.4 * $100 = $140
This means that if you bet $100 on a +140 money line and win, your profit would be $140.
If you want to see all sports betting moneylines in one place, on one screen, and be able to compare odds across different sportsbooks to find the best bets OddsJam Sportsbooks Screen is a great tool to use.
When it comes to money line betting, being knowledgeable about the teams, their recent performances, their success against their opposing team, and the risks involved can increase your chances of success.
But as you make your moneyline bets, be mindful of your budget and bet responsibly!