Originally Posted by Rausch
$6 K on the Chiefs -3
WTF is this "moneyline" bet anyway?
Brad - 5k max on a game. I had to alter your bet
The moneyline is like this, in simplest tersm:
If you see a plus sign on a team, multiply your bet by number following the plus sign used as a percentage. Example: You bet 5000 on the KC moneyline, KC +150. KC Wins (No point spread is involved in moneylines). You win 5000*150% = 7500
If you see a minus sign on a team, divide your bet by the 1/100 of the number following the minus sign. Example: You bet 5000 on the KC moneyline, KC-150 (No point spread is involved). You win 5000/1.5 = 3333 (rounded down).
The nice thing about the moneyline is that no points are involved. The bad thing is that the favorite pays much less than the underdog.