Money line betting is by far the most popular bet made by sports fans, both at online bookmakers and at local betting shops. When you place a money line bet, you are simply choosing the team that will win the game. Now, with many other forms of betting, you may have to make sure that certain conditions are met before you can be declared a winner. But with money line betting, all you have to worry about is the difference in the final score. You win if the team you have picked has a better point differential than the other team.
Money line betting is perhaps the most popular type of sports betting. A Money Line bet simply requires you to pick the winning team or player. For example, if you were betting on the Toronto Raptors to beat the Oklahoma City Thunder, you might see odds like this: Toronto Raptors -125 Oklahoma City Thunder +105 The Raptors are favored to win, hence the negative odds. The Thunder could also win, so their positive odds indicate that betting on them is not a "safe" choice.
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Great Introduction for Beginners
Betting is a fantastic way to introduce someone to sports betting. This type of bet requires a guess as to which team will win in a particular game, making it a simple and clear way for beginners to understand the basic mechanics of sports betting. It's important that they understand the basics first. And what better incentive to learn how to bet than the chance to win some money?
Other bets you can place, such as point spread or over/under bets, don't focus solely on which team will win a sporting event. Moneyline bets, on the other hand, only ask you to pick the winner. This makes it a fantastic entry point for anyone thinking about trying sports betting - but feeling a little insecure and hesitant - because it's a bet you can confidently make without having to know all the ins and outs. To play safely and gain a basic understanding of sports betting, money line betting is a solid option.
In addition, betting on the money line is an electrifying way to get involved in the game. Whether you are watching a game loudly in a crowd or quietly online, there is nothing quite like the thrill of directly backing a particular team and expecting it to win. When it does - and if the amount of money you could win is even close to what is potentially a very safe bet - you may find yourself counting coins or bills. Or you may simply be counting on your chosen team to give you the right kind of return.
What Does Moneyline Mean in Betting?
Moneyline odds are the most common and important form of betting at sportsbooks around the world, in all sorts of different sports codes. If you want to place a bet on a team to simply win a game, and not worry about figuring out the point spread, then a Money Line bet is your best and easiest option. You can usually find money line bets offered in two different formats: American Odds and Decimal Odds.
Moneyline betting is a form of sports betting in which you select the team you believe will win the game, regardless of the point spread. Teams can be called "favorites" when they are expected to win, and "underdogs" when expectations favor their opponents. To bet on a favorite is to pick the team you expect to win; if they win, you will receive a payout, but in all likelihood the payout will be less than the amount you wagered. Betting on the underdog means picking the team that you have the courage to pick. If they win, you will win big because underdogs usually have better odds.
The favorites to win the game are displayed with a negative sign (-), while the underdogs are displayed with a positive sign (+). Betting sites that use the decimal odds format (European) tend to use decimal numbers to indicate the probability of a team winning. The numbers indicate how much you have to bet to win $100. Here's the difference between favorite and underdog money line bets:
Betting Moneyline Favorites
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Betting Moneyline Underdogs
Teams that are predicted to lose a match are called underdogs. Either they are not as experienced as their opponents, or they have better players. Betting on the underdog usually gives a high payout because you are betting against the public.
Benefits of Moneyline Bets
Have you ever wondered what money line betting is and why it's so popular? A Money Line bet can be placed on a team or individual to win a contest outright. The bettor is paid according to the odds associated with the bet, which reflect the likelihood of a particular outcome. This offers what could be considered an unorthodox betting strategy; it does not take into account any additional variables such as point spreads or over/under bets. And yet, it seems to work quite well. Betting on the money line also allows for quicker action, minimizes risk, and gives you more ways to control the financial outcome of your sports bets than other forms of betting.
Betting the Moneyline at an Online Sportsbook
For anyone who really wants to look at strategies to maximize their betting payout, money line betting is a great way to go. It's a simple bet. You simply pick the team you think will win. And with moneyline betting, there's no plus/minus spread to consider like there is with point spread betting.
Moneyline betting is all about betting on a contest that other popular forms of betting, like parlays, can sometimes seem to make a confusing statement about. Parlay betting insurance is a nice little advertising hook for some online sportsbooks to use, but in reality the service can be as much of a tease as it is a treat. Here are some of the reasons why money line betting is a straightforward way to enjoy betting on individual games:
Moneyline bets require bettors to guess the winner of a specific game or event, but without the use of point spreads or other handicapping. It is through money line betting that bettors can gain access to parlay insurance, which provides them with refunds if their bets don't pan out. But these refunds are always in the form of site credits that must be converted back into usable currency before they can be used to pay bills or buy groceries. And that conversion, from refundable credits back to cash, has a clear and definable cost. And that cost is a sort of Hitman's Guarantee for the bookmaker, ensuring that he will be paid whether or not the activity in question is profitable for the bettor.
Payouts are based directly on the odds associated with the outcome of the event. Let's break it down: 1. If you bet $100 on a team to win at even money (+100), you would win $100 since your return is based on a 1:1 payout. 2. If you bet $100 on a team to win at +150, you would win $150, as your return is based on a 1.5 to 1 payout. 3. If you bet $100 on a team to win at -150, you would have to bet on an outcome to win that has more than a 1-1 payout (which also means you should have picked a less likely outcome to win, since -150 means the team is expected to win more often than not). In this case, you would only win $66.67 when you cash out. Do you get money line bets now?
Is it better to bet moneyline or spread?
The popular Money Line betting strategy is a good way to bet because of its potential for big payouts on underdogs and its comparatively safe Money Line odds on big favorites. When we place money line bets on NFL (or college football) and NBA (or college basketball) games, we usually see money line odds that are close to even. For other sports, the money line odds we see may be a little higher.
A Money Line bet is a bet on a team to win a game outright, without adding or subtracting points. How much you can win on a Money Line bet is directly related to the probabilities of the teams winning the game. If a team is favored to win, the odds will reflect that. When a team is not favored, the odds reflect that.
Moneyline Betting Tips
When it comes to money line betting, you need to compare lines from different sportsbooks to get the best odds. This seems obvious, but many bettors don't take the time to do it. Even small variances in the lines can have a huge impact on your bottom line, so obviously the more you do it, the better off you'll be.
Optimizing your money line betting potential starts with finding the best odds. The next step is to look at the specific odd range of the favorites you're betting on. You should focus on favorites with money line odds between -150 and -250. Not only do these types of favorites tend to have larger payouts than other short favorites, but upsets tend to be less common in this particular range. Just don't bet on these types of favorites all the time.
If an individual is trying to increase the odds of a favorable outcome with money line wagering, hunkering down on underdogs can be a smart way to go. When placing moneyline parlay bets, it is recommended that you focus on picking individual moneyline favorites, rather than a series of underdogs, in order to balance the risk.
If you want to increase your chances of winning when betting on moneylines, using a moneyline calculator can be very helpful. It serves two main purposes that can help you find profitable moneyline betting opportunities and determine how much of a chance you have of winning when using the moneyline format. It's not a guarantee, but using a calculator like this can make you more informed when pulling the trigger on an actual moneyline bet.
Is Betting the Moneyline Smart?
Bettors often ask if the oddsmakers support money line betting. The answer is always the same. You can make money line bets profitable by increasing the total stake and betting on the type of chalk (i.e., the favorite) that is expected to win. Conversely, you can predict an upset and bet on the type of underdog that could pay off handsomely.
Generally, our professional tipsters recommend Money Line Parlay bets. This type of betting allows you to place a bet on multiple teams that are all predicted to win, increasing your potential payout. If you want to increase your odds even more, consider money line live betting. This type of betting allows you to place a wager on an in-play game, which is a game that is already in progress. Live betting is only for the well prepared. You really need to know which teams you're betting on if you want to go this route.