How a Moneyline Works in Sports Betting (Moneyline Betting Explained) is the latest episode of our “Sports Betting 101 (Sports Betting Explained – Sports Betting How To) Series for the recreational sports bettor from the WagerTalk TV Studios in Las Vegas. Host Kelly Stewart talks with sports betting expert Teddy Covers and explain what a moneyline is when betting sports and the difference when wagering on underdogs and favorites in moneyline betting.