Yes, you can bet on both the moneyline and the spread in sports betting. These are two of the most common types of bets that you will find across various sports.
– **Moneyline Bets**: This is the simplest form of betting where you are simply picking the winner of a game. The odds associated with each outcome (usually given as a positive or negative number) indicate the payout you would receive on a winning bet. A negative number indicates the favorite, and a positive number indicates the underdog. For example, if the New England Patriots are -150 to win and the Buffalo Bills are +130, you would need to bet $150 on the Patriots to win $100, whereas a $100 bet on the Bills would win you $130 if they win.
– **Spread Bets**: This type of bet involves giving one team a virtual deficit (the favorite) or surplus (the underdog) of points. The spread is determined by the oddsmakers and reflects the expected margin of victory. Bettors then choose whether to ‘take’ the points with the underdog or ‘give’ the points with the favorite. For example, if the spread for a game is Patriots -7, you would need the Patriots to win by more than 7 points to win the bet. Conversely, if you take the Bills +7, you would win your bet if the Bills win the game or if they lose by fewer than 7 points.
These bets can be placed on the same game, but it’s important to manage your bankroll and be aware of the risks associated with placing multiple bets on a single event. Each type of bet serves different purposes and can appeal to different betting strategies.