When betting on certain sports, you are given the option to bet on the moneyline rather than bet on a point spread. With moneylines, you wager which team is going to win outright, regardless of the point spread.
- Orlando Magic -280 (favorite)
- Houston Rockets +240 (underdog)
If you wager on Orlando -280 you lay $280 to win $100.
If you wager on Houston +240 you lay $100 to win $240.
The moneyline values are based on the point spread: the higher the spread, the higher the price will be on the favorite. When betting moneylines, you are betting on a team to win the game, so in the example above, a bet made on Orlando means they just need to win by at least one point for your wager to be a winner.