When you look at different options in the sports betting markets, you’ll often see Money Line, Spread, Totals at first glance. All of the different options and numbers may seem daunting to start, but let’s break them down below.
Money Line - Money line is as simple as betting on which team wins the game. If the team you choose wins, you win the bet! If this seems too easy, recognize that each market takes into account the probability that each team will win. Accordingly, picking favorites may win more frequently, but the probability would take this into account.
Spread - The spread bet was created to help make it easier for people to get into betting. Since certain teams may be a favorite, a spread provides more of an even chance for a bettor to determine the outcome. If the Vikings are expected to win by 5 points, it would be represented as -5 spread bet and the Vikings must cover 5 points for you to win a spread bet.
Total Points - Let’s say you don’t know who’s going to win, but you know it’ll be a slow game with little scoring. Accordingly, one could bet on total points scored in the game being under a certain amount.