BubbleTeaJelly
Hey Ted,
I've read this entire thread and it's been great for getting me oriented with some really beginner stuff. Love the patient, laid-back, and friendly tone you have handling everyone's questions.
I'm still very new and having trouble with terminology - what exactly are runlines and moneylines? Could you provide me with an example? Also, what does it mean to "watch the lines" or "buying back the lines"? e.g. your response as below:
Thanks in advance for your help!
First of all welcome to the RX and thank you for deciding to register. I think you will find the site both informative and enjoyable. I want to thank you for the kind words and am amazed that you took the time to read the entire thread and very much appreciative.
So let's get to your questions. What I would like you to do first before reading my responses is to look at the light blue toolbar above and find the tab entitled "Free Odds". These odds are provided by one of our sponsors, SportsOptions, and are slightly delayed from the time one of the sportsbooks changes the line and the change is posted. Now, scroll down the different sports and click on MLB.
Now, let's talk about the moneyline. I will use figures of $100 for wagers just for examples. Find the following game:
901 San Diego
902 New York
If you look at the odds under the betonline sportsbook, you will see the following moneylines:
111/+101
This means the New York Mets are favored and if you decided to play them, you would have to wager $111 to win $100 and if they win the game by one run or more, you win $100. If they lose the game, you lose $111. The San Diego Padres are the underdog and if you decided to play them, you would wager $100 to win $101 and if they win the game by one run or more, you win $101. If they lose the game, you lose $100.
When betting the moneyline in any sport, you need only win the game. No point spread is involved in the wager. In this particular game, San Diego won 3-2.
Now let's talk about the runline. With the odds page still open, look above the games for the ML/RL symbol. Click on it and let's find the same game:
901 San Diego
902 New York
If you look at the odds under the betonline sportsbook, you will see the following runlines:
1.5 (-220)
-1.5 (+180)
With runlines, you have a choice of betting a team getting +1.5 runs or laying -1.5 runs. In this particular case, if you wager on San Diego, you are getting +1.5 runs but must wager $220 to win $100. If they either lose the game by one run or win the game outright, you win $100. If they lose the game by two runs or more, you lose $220. If you wager on New York, you are giving -1.5 runs and must wager $100 to win $180. If they win the game by two runs or more, you win $180. If they win the game by one run or lose the game outright, you lose $100. In this particular game, San Diego won 3-2.
Regarding the term "watching the lines", it means keeping an eye on the movement of the lines throughout the day to see the various direction they takes. This could be sides, totals, moneylines, runlines, proposition bets, etc. You could use our "Free Odds" page all day long and "watch the lines". The intention is to not only get a feel for line movement, but, with experience, to anticipate what the line might be so you end up getting the best number and pay the least amount in making your wager. This takes many years to gain the experience needed to become an accomplished interpreter of line movement. But even when beginning, this is important to do on any wager you are considering making.
Finally, regarding the term "buying back the lines". This is something a player may do to either try and minimize his risk or win both sides of a game. For instance, let's say a player was making a bet on a football game between San Francisco and Oakland and made a wager as follows when the line first came out.
San Francisco -3
Now, let's say on game day, the line has changed as follows:
San Francisco -7
If the player felt that his initial wager on San Francisco -3 was too large, he could wager on Oakland +7 thereby "buying back" and reducing his risk. Also, this practice is used to try and "middle a game" and/or winning both wagers. In this particular case if San Francisco won by 4, 5 or 6, the player would not only win his initial wager on San Francisco -3 but his final wager on Oakland +7.
I hope this has satisfactorily answered your questions. Should you have any other questions, please don't hesitate to ask. Most of all, enjoy yourself and best of luck.