What Moves Moneyline Odds in Sports Betting?
The month of all months when it comes to sports betting, March is officially upon us, and with it tons of opportunities to wager in a variety of ways. One such method, the moneyline, simply is wagering on a team to win/lose a game straight up and without taking into account a point spread.
Let’s take a look at a few factors that can move a moneyline from when it is first posted.
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Spread Movement
While it might sound obvious to some, the moneyline ebbs and flows often in direct correlation with the point spread. Meaning, that if the number of points the underdog is getting increases, you can expect their moneyline odds to increase as well.
Money Inflow
Whether it be money from the general public or from professional bettors, sportsbooks will move the moneyline based on the risk they inherit from the money already received. Said another way, if a big underdog on the moneyline starts seeing a lot of action, the sportsbook will lower the money in an effort to limit exposure should the underdog win the game.
Unlike the point spread, the other side of the wager (in this example the favorite), won’t see an exact correlation in their odds increasing. Oftentimes, it’s up to the sportsbook risk manager and where they feel comfortable moving the odds on a case-by-case basis.
Weather
While things like ratings, offensive and defensive statistics, and oftentimes even injuries can be baked into a moneyline, weather can change at a moment’s notice. In football, for example, a team that relies heavily on their passing game to score points will likely be hindered if the game is played in heavy snow or rain.
Because of that, if heavy snow or rain unexpectedly enters the forecast between the time the moneyline is first posted and kickoff, the moneyline will likely shift away from the team hindered by the shift in weather.
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Johnny is a featured writer at BettingPros. For more from Johnny, check out his archive and follow him @JohnnyCovers.