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A moneyline is a betting market where a wager is made on which team or player will win a given match outright. They are one of the most common sports bets placed along with spread spreads and totals.
== Moneyline Odds ==
=== Decimal Odds ===
[[Decimal odds ]] format is commonly used in Canada and across Europe. A decimal number is used to indicate potential return. Multiplying the decimal odds by the amount risked will calculate the total return (risk and profit) if the wager were to win.
Two competing teams with equal decimal odds would normally be set at 1.91 due to the bookmaker's commission. A risk of $110 would yield a $210 return on either side for a net profit of $100. This can be verified by multiplying the risk and odds together. The more a team is favored to win the smaller the decimal odds will be. Odds of 1.50 would require a $200 risk to generate the same $100 profit.
=== Fractional Odds ===
[[Fractional odds ]] are primarily used to when discussing betting markets with [[long odds]] such as [[future]]s, but can also be used for moneyline wagers. A number in fraction form is used to indicate potential profit. Multiplying the fractional odds by the amount risked will calculate the profit if the wager were to win.
Two competing teams with equal fractional odds would normally be set at 10/11 due to the bookmaker's commission. A risk of $110 on either side would yield $100 in profit for a total return of $210. This can be verified by multiplying the risk and odds together. The more a team is favored to win the smaller the decimal odds will be. Fractional moneyline odds of 1/4 would need a $400 risk in order to generate $100 in profit.