How To Bet The Moneyline
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Moneyline betting is the simplest form of betting on sports. Whether you’re new to gambling or a seasoned bettor, you’ve likely already placed a moneyline bet at some point in your life.
Betting on the moneyline means picking a team (or in other sports, a player) to win, plain and simple. The actual number (+111 and -120 in this case) affects what is paid out, not how the bet is graded.
Moneyline bettors don’t care about how many points that games are won by or how many total points are scored. In most sports, one team wins and one team loses. Your job in moneyline betting is to pick the winner of the game, match, race or event. If they win, you win. Pretty simple.
Think of it as the traditional bets you would make with your buddies whether you’re debating team supremacy from the bar, in the office or in the group chat.
For example, an overconfident peer claims their squad is the best in the land. It just so happens that team plays your team this weekend. (If this scenario doesn’t lead to a wager of some sort, you need to find more entertaining people to surround yourself with.) You decide to offer up a bet on the winner of the matchup. Loser has to offer up cash, buy lunch or humiliate themselves in some fashion.
The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100. Whilst the spread bet is on a team to win and by how many, the money line is a bet on simply a team to win. Money Line – How it Works. Here is a typical money line for a game in the NFL: Green Bay. The easiest way to think of moneyline betting odds is that you are only betting on who wins the game. It does not matter how many points or goals they win by, all that matters is who wins.
That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting.
It’s a little more complicated than that, but not much.
Let’s learn more about it.How to Identify the Moneyline
Where can you find the moneyline at the sportsbook or online? In most sports, three major categories are listed for you to place a wager on. On the left side, it will typically show the point spread of the game, while the over/under point total resides on the far right.
The moneyline numbers sit in the middle. Usually the team listed with a negative number is the favorite, while the underdog will likely have a positive number. These numbers will likely fluctuate a bit leading up to the start of the event.Betting the Moneyline Favorite
If you’re new to the growing sports industry, you’re probably thinking this sports betting thing is pretty easy. Just pick a winner and I get paid? Why not bet every favorite, get rich and quit my job?
If only it were that easy.
Put simply, you’re betting a lot to win a little if you decide to go with this strategy. It seems like a sure thing a particular team will win, but upsets happen. That’s why we watch games. It would be boring if the favorites always won.
Is it worth the risk of financial loss when the payout would be so low? That’s the balancing act sports bettors face when considering picking the favorite straight up in a moneyline play.Betting the Moneyline Underdog
On the other hand, if you decide to bet the underdog, you have a chance to win a lot by betting a little, which makes for a thrilling bet placement.
Is there a big and unexpected outcome you think could shock the sports world? Bet the underdog on the moneyline, win big and brag to your friends.
Or, if you see a slight underdog you feel has a decent shot at not only covering the spread but winning, put some action on the moneyline to increase your payout.
Some bettors will bet the underdog on the moneyline as well as picking the team to cover the spread in an effort to protect themselves in case one bet hits and not the other.Moneyline Parlays
One sports betting strategy some bettors go with is parlaying moneyline plays. If you are extremely confident in two or more moneyline outcomes, combine them into your wager and cash your ticket with a higher payout if all outcomes go your way. Keep in mind if just one team loses, you lose the bet.
On the flip side, if you start betting multiple underdogs on the moneyline and are successful, the little amount you put on the line could turn into a big-time payday.Moneyline Examples
Now that you have the basics, let’s dive in to some real-life examples.How to bet the moneyline in NFLExample 1
Let’s take the biggest game of last season: Super Bowl 54 between the KansasCityChiefs and the SanFrancisco49ers.
According to the WestGate SuperBook in LasVegas, the Chiefs came into the game as slight favorites and a -130 listing on the moneyline. As small underdogs, the 49ers entered the game with a +110 moneyline.
You can tell sportsbooks anticipated a close game due to both numbers being very close to 100 either way.
To make this easier to calculate in your head, you can think of it this way. If you bet $130 on the favored Chiefs at -130, you will end up with $100. If you bet $100 on the underdog 49ers at +110, you will wind up with $110.
You already know the Chiefs will have a smaller payout than the 49ers, but by how much? Here are the calculations.
*$100 on the Chiefs: $76.92 payout
*$100 on the 49ers: $110 payout
The Chiefs ultimately won the Super Bowl, so their moneyline bettors left the NFL season happy with a decent payout.Example 2
So we covered the Super Bowl 54, which was expected to be a close game at the end. But what about an expected blowout?
Let’s take a look at week 2 in the 2019 NFL season in a matchup between the New England Patriots and Miami Dolphins. The Patriots had Super Bowl aspirations, while the Dolphins had No. 1 overall draft pick aspirations.
Both plans ultimately fell flat, but the opposing directions of the franchises made for a lopsided expectation from oddsmakers.
According to DraftKings Sports Betting, the Patriots were listed at -2000 on the moneyline with the Dolphins at +1200. See how far away from 100 both these numbers are? A sign that a blowout is highly expected.
This is an extreme example as it’s fairly rare to have these types of numbers in an NFL game, but here’s what the payouts were for bettors:
*$100 on the Patriots: $5 payout
*$100 on the Dolphins: $1,200 payout
Yes, if you would’ve bet $100 on the Patriots to beat the Dolphins in this game last season, you’re walking away with five bucks. Is that worth the risk of a potential upset? That’s up to the bettor.
For what it’s worth, the Patriots won this game, 43-0.How to Bet the Moneyline on College Basketball
Most college basketball betting scenarios would fit in the description above with the NFL, but what about this scenario? Let’s use a fictitious example. We’re getting ready for the national title game between, oh, let’s say Gonzaga and Kansas.
This would be a great game and who knows who would’ve been favored. However, for the purpose of this post, let’s say the two were so evenly matched the oddsmakers had no idea who’s going to win and it could go either way.
Here’s what the moneyline numbers could look like:
*Gonzaga -110
*Kansas -110
This doesn’t happen often, but occasionally teams are so close together and evenly matched that both teams feature identical negative moneyline numbers.
Either winner in this scenario would lead to a $90.91 payout on a $100 moneyline bet.How to Bet the Moneyline on UFC Events
An individual sport like UFC is made for moneyline betting. While traditional team sports will show several categories to potentially bet on with different options, UFC betting is mainly focused on the moneyline.
Who do you think will win the fight? If you are confident about it, bet on that fighter.
UFC betting offers additional betting options, but moneyline wagers are far and away the focal point.
Let’s go to UFC 249 in Jacksonville for our example with a fight between TonyFerguson, whose moneyline odds were listed at -200 according to DraftKings, and JustinGaethje and his +168 moneyline odds as the underdog.
Here’s how the payouts would’ve gone had you bet on either fighter.
*$100 on Tony Ferguson: $50 payout
*$100 on Justin Gaethje: $168 payout
As the underdog, Gaethje won the fight, so his bettors had a fun start to the return of live sports.How to Bet the Moneyline on Soccer
The previous sports are easier to understand and fairly straight forward in regards to the moneyline, but soccer is a little bit different.
Most sports list the moneyline with two options. One team wins or the other team wins. However, in soccer there are three options to choose from on the moneyline because of the amount of draws that occur.
For our example, let’s go back to the 2018 World Cup between France and Croatia.
France entered the match as the favorite with a -110 moneyline number, while Croatia entered as the underdog with a +350 moneyline.
Bettors could decide a winner that way, but the third option of a draw at the end of regulation was listed at +230. Instead of picking a team, bettors could opt to bet on a draw if they believed the teams are that evenly matched.
Here’s a calculation of the 2018 World Cup payouts:
*$100 on France: $90.91 payout
*$100 on Croatia: $350 payout
*$100 on a draw: $230 payout
France wound up with a 4-2 victory as the favorite.How to Bet GuidesKey Takeaways on the Moneyline
So what did we learn today?
*Moneyline bets consist of picking the team you think will win.
*Betting the moneyline favorite has a lesser payout.
*Betting the moneyline underdog has a larger payout.
*Soccer has three moneyline options to choose from.
Moneyline bets are by far the most popular type of sports bet that you can make. What’s great about moneyline bets is that they are not only simple enough for beginner sports bettors to understand and utilize properly, but they are also heavily used by professional sports bettors to rake in huge wins every single day in sportsbooks all across the world. In fact, there are many wildly-successful professional sports bettors who exclusively use moneyline bets in their winning strategy.
In this guide, we’re going to teach you literally everything you’ve ever wanted to know about moneyline bets and then a whole lot more. Whether you are a beginner or a seasoned bettor, we’ve got something here for you. We’ll walk you through the basics of what a moneyline bet is, why you would want to make one, and how to interpret the different numbers, payouts, and presentation formats you’ll see.
Additionally, we’ll discuss line movement, how the casino profits (important for you to understand), and moneyline betting strategies that can help you crush the books. These strategies will range from basic to advanced, so even the most seasoned of sports bettors should expect to get some value from this. Feel free to skip to a specific section if you came here for specific information. If you’re newer or it’s been a while since you’ve bet, we highly recommend reading this guide from top to bottom, as the sections will build on knowledge from previous sections.What Is a Moneyline Bet?
We’ve already covered that a moneyline bet is easy to make and is the most popular type of sports bet for beginners and for professional bettors. Now let’s talk about exactly what it is. A moneyline bet is a sports betting wager on which team or person will win a game or sporting contest. Simple as that. When you make a moneyline wager, you are betting on who will win a contest. It doesn’t matter how they win, by how many points, goals, or runs they win, or how long it takes them to win. All that matters to win a moneyline bet is that the team or person you bet on is victorious.
Typically, if you’ve made a bet on sports in the past amongst friends or at the casino, you probably made a moneyline bet, and you didn’t even know it. “I bet you $10 the Broncos are going to win tonight.” That’s a moneyline bet. You may also hear the bet referred to as a to-win bet in some circles, but just know that they are referring to the same type of bet.
Where people seem to get confused with moneyline bets is with how they are presented and how they pay out. While the criteria to win a moneyline bet will never change, the amount you win and how the bet is presented will change. Don’t worry, though. It’s easy to understand if it’s presented to you properly. We are going to cover this thoroughly in the coming sections. You’ll be a moneyline expert ready to crush the books when you get done with this guide. Benefits of Moneyline Bets
Before we go any further, we want to point out some of the reasons moneyline bets are so popular and are utilized so frequently by professionals worldwide. You should always understand the importance of something before you dedicate your time and effort into learning about it. Let’s take a look at the benefits of moneyline bets in your future winning sports betting strategy. Simplicity
Something that all of our pro bettors on staff preach is that there is no reason to make anything more complicated than it needs to be. Specifically, they are referring to the awful trend of aspiring sports bettors thinking that you must make more complex bets in order to make a living betting sports. The reason we say it’s an awful trend is because this couldn’t be further from the truth.
The secret to winning sports bets is finding value and picking winners. There is absolutely zero correlation between the complexity of a bet and how likely you are to win. In fact, you could say that there is a negative correlation because a lot of bettors don’t fully understand the complex bets they are making, meaning they are more likely to make mistakes and incorrectly assess value.
Moneyline bets take the gold medal when it comes to simplicity. Pick a winner, decide if the payout you’ll receive is worth the risk, make the bet, and that is it. If your team or player wins, you win. People will try and overcomplicate this, but that is all there is to it. Easier to Find Value
Piggybacking on the simplicity of moneyline bets is the ease with which you can properly assess value. Now, you’ll notice that it doesn’t say “Easy to Find Value,” and that is because it’s never easy to find value in sports betting. If it were easy, everyone would be doing it for a living. What it says, though, is that it is easier to find value with moneyline bets because of the simplicity.
You don’t have layers of complexity to fight through to see if your prediction is a positive expected value move (one that is going to make you money). With some simple mathematical calculations, you can figure out whether or not there is value in a bet. Even if you don’t like math and would prefer not to use it when assessing value and making your picks, it’s still much easier to “eyeball” value with moneyline bets because of the simplicity. Great Introduction for Beginners
Got someone that you’re wanting to get excited about sports betting? Too often, people try and introduce new bettors to the sports betting world with an overload of information. They’ll shower them with too much knowledge, too many choices, and they’ll eventually chase them away from the games.
Moneyline bets are a great way for you to teach your friend, family member, or significant other about sports betting. They’ll have a much easier time grasping what is going on and will most likely be more excited to continue learning and/or supporting you in your endeavor. Understanding Favorites and Underdogs
Sportsbooks would go completely broke overnight if they paid out the same amount on every single moneyline bet. Imagine this scenario for a second. The Atlanta Falcons schedule a football game against a Pee-Wee football team, the Brownsville Bear Cubs, that’s made up of 10-year-olds, and the sportsbooks are allowing you to bet on it.
If they were paying out the same amount if the Falcons or the Bear Cubs won, what would happen? Well, 100% of people would bet on the Falcons, and the sportsbook would lose all of their money when Matt Ryan and his Falcons stomped the youth football team. In order to counteract this, the sportsbook must alter the amount that they pay out.
Let’s take a quick step back and talk about what the sportsbook’s goal is with any game they are offering action on. Ideally, the sportsbook wants to take the perfect amount of action (money bet) on each side of a game so that regardless of who wins, they make money. Their profit comes from taking a small percentage off of the top as a house fee for facilitating the action.
In our earlier example, the sportsbook would be devastated if 100% of the action came in on the Falcons. The book is not looking to gamble; they are looking for a sure thing. So, to try and entice more people to bet on the Bear Cubs and discourage people from betting on the Falcons, they will alter the payouts. They will make the amount you win for correctly selecting the Bear Cubs much larger and the amount that you win for correctly selecting the Falcons much smaller. The sportsbook will continue tweaking the line like this all the way up until they close for bets on a particular game. They’ll move it back and forth as necessary to try and get that perfect amount of money on each side of the contest. We’ll discuss this line movement and its importance to you much more in-depth in a coming section.
What this means is that in each contest, there is going to be a favorite and an underdog. It’s important to point out that when you look at a moneyline bet, and you see that a team is a favorite or an underdog, this is only in relation to the money that is being bet. While these numbers will usually be in line with which team is the actual favorite and underdog, it could be different. Remember, the betting lines are tweaked so that the sportsbook can get the right amount bet on each side of the contest.
Let’s take a look at a moneyline bet and talk about identifying who is the favorite and who is the underdog.
*055 — Eagles -300
*056 — Falcons +240
There are four elements to the moneyline bet that you can see here. The first column is just an identifier of which bet is which for the sportsbook. When you place your bets, you can tell the sportsbook you want to bet on the Eagles to win or that you want to take bet 055. This number has nothing to do with the actual game and is just a code for the sportsbook to keep their bets organized.
The second column identifies who you are betting on. The first line is a bet on the Eagles to win, and the second line is a bet on the Falcons to win. Next, you will see a column that has a plus or minus sign and a number. The minus sign will always indicate the favorite, and the plus sign will always indicate the underdog.
The number that follows the plus or minus sign will indicate how big of a favorite or an underdog the team is. The larger the number is, the bigger the favorite or the underdog the team is. For ex
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Moneyline betting is the simplest form of betting on sports. Whether you’re new to gambling or a seasoned bettor, you’ve likely already placed a moneyline bet at some point in your life.
Betting on the moneyline means picking a team (or in other sports, a player) to win, plain and simple. The actual number (+111 and -120 in this case) affects what is paid out, not how the bet is graded.
Moneyline bettors don’t care about how many points that games are won by or how many total points are scored. In most sports, one team wins and one team loses. Your job in moneyline betting is to pick the winner of the game, match, race or event. If they win, you win. Pretty simple.
Think of it as the traditional bets you would make with your buddies whether you’re debating team supremacy from the bar, in the office or in the group chat.
For example, an overconfident peer claims their squad is the best in the land. It just so happens that team plays your team this weekend. (If this scenario doesn’t lead to a wager of some sort, you need to find more entertaining people to surround yourself with.) You decide to offer up a bet on the winner of the matchup. Loser has to offer up cash, buy lunch or humiliate themselves in some fashion.
The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100. Whilst the spread bet is on a team to win and by how many, the money line is a bet on simply a team to win. Money Line – How it Works. Here is a typical money line for a game in the NFL: Green Bay. The easiest way to think of moneyline betting odds is that you are only betting on who wins the game. It does not matter how many points or goals they win by, all that matters is who wins.
That’s moneyline betting, at its simplest form — picking an outright winner without the point spread involved is moneyline betting.
It’s a little more complicated than that, but not much.
Let’s learn more about it.How to Identify the Moneyline
Where can you find the moneyline at the sportsbook or online? In most sports, three major categories are listed for you to place a wager on. On the left side, it will typically show the point spread of the game, while the over/under point total resides on the far right.
The moneyline numbers sit in the middle. Usually the team listed with a negative number is the favorite, while the underdog will likely have a positive number. These numbers will likely fluctuate a bit leading up to the start of the event.Betting the Moneyline Favorite
If you’re new to the growing sports industry, you’re probably thinking this sports betting thing is pretty easy. Just pick a winner and I get paid? Why not bet every favorite, get rich and quit my job?
If only it were that easy.
Put simply, you’re betting a lot to win a little if you decide to go with this strategy. It seems like a sure thing a particular team will win, but upsets happen. That’s why we watch games. It would be boring if the favorites always won.
Is it worth the risk of financial loss when the payout would be so low? That’s the balancing act sports bettors face when considering picking the favorite straight up in a moneyline play.Betting the Moneyline Underdog
On the other hand, if you decide to bet the underdog, you have a chance to win a lot by betting a little, which makes for a thrilling bet placement.
Is there a big and unexpected outcome you think could shock the sports world? Bet the underdog on the moneyline, win big and brag to your friends.
Or, if you see a slight underdog you feel has a decent shot at not only covering the spread but winning, put some action on the moneyline to increase your payout.
Some bettors will bet the underdog on the moneyline as well as picking the team to cover the spread in an effort to protect themselves in case one bet hits and not the other.Moneyline Parlays
One sports betting strategy some bettors go with is parlaying moneyline plays. If you are extremely confident in two or more moneyline outcomes, combine them into your wager and cash your ticket with a higher payout if all outcomes go your way. Keep in mind if just one team loses, you lose the bet.
On the flip side, if you start betting multiple underdogs on the moneyline and are successful, the little amount you put on the line could turn into a big-time payday.Moneyline Examples
Now that you have the basics, let’s dive in to some real-life examples.How to bet the moneyline in NFLExample 1
Let’s take the biggest game of last season: Super Bowl 54 between the KansasCityChiefs and the SanFrancisco49ers.
According to the WestGate SuperBook in LasVegas, the Chiefs came into the game as slight favorites and a -130 listing on the moneyline. As small underdogs, the 49ers entered the game with a +110 moneyline.
You can tell sportsbooks anticipated a close game due to both numbers being very close to 100 either way.
To make this easier to calculate in your head, you can think of it this way. If you bet $130 on the favored Chiefs at -130, you will end up with $100. If you bet $100 on the underdog 49ers at +110, you will wind up with $110.
You already know the Chiefs will have a smaller payout than the 49ers, but by how much? Here are the calculations.
*$100 on the Chiefs: $76.92 payout
*$100 on the 49ers: $110 payout
The Chiefs ultimately won the Super Bowl, so their moneyline bettors left the NFL season happy with a decent payout.Example 2
So we covered the Super Bowl 54, which was expected to be a close game at the end. But what about an expected blowout?
Let’s take a look at week 2 in the 2019 NFL season in a matchup between the New England Patriots and Miami Dolphins. The Patriots had Super Bowl aspirations, while the Dolphins had No. 1 overall draft pick aspirations.
Both plans ultimately fell flat, but the opposing directions of the franchises made for a lopsided expectation from oddsmakers.
According to DraftKings Sports Betting, the Patriots were listed at -2000 on the moneyline with the Dolphins at +1200. See how far away from 100 both these numbers are? A sign that a blowout is highly expected.
This is an extreme example as it’s fairly rare to have these types of numbers in an NFL game, but here’s what the payouts were for bettors:
*$100 on the Patriots: $5 payout
*$100 on the Dolphins: $1,200 payout
Yes, if you would’ve bet $100 on the Patriots to beat the Dolphins in this game last season, you’re walking away with five bucks. Is that worth the risk of a potential upset? That’s up to the bettor.
For what it’s worth, the Patriots won this game, 43-0.How to Bet the Moneyline on College Basketball
Most college basketball betting scenarios would fit in the description above with the NFL, but what about this scenario? Let’s use a fictitious example. We’re getting ready for the national title game between, oh, let’s say Gonzaga and Kansas.
This would be a great game and who knows who would’ve been favored. However, for the purpose of this post, let’s say the two were so evenly matched the oddsmakers had no idea who’s going to win and it could go either way.
Here’s what the moneyline numbers could look like:
*Gonzaga -110
*Kansas -110
This doesn’t happen often, but occasionally teams are so close together and evenly matched that both teams feature identical negative moneyline numbers.
Either winner in this scenario would lead to a $90.91 payout on a $100 moneyline bet.How to Bet the Moneyline on UFC Events
An individual sport like UFC is made for moneyline betting. While traditional team sports will show several categories to potentially bet on with different options, UFC betting is mainly focused on the moneyline.
Who do you think will win the fight? If you are confident about it, bet on that fighter.
UFC betting offers additional betting options, but moneyline wagers are far and away the focal point.
Let’s go to UFC 249 in Jacksonville for our example with a fight between TonyFerguson, whose moneyline odds were listed at -200 according to DraftKings, and JustinGaethje and his +168 moneyline odds as the underdog.
Here’s how the payouts would’ve gone had you bet on either fighter.
*$100 on Tony Ferguson: $50 payout
*$100 on Justin Gaethje: $168 payout
As the underdog, Gaethje won the fight, so his bettors had a fun start to the return of live sports.How to Bet the Moneyline on Soccer
The previous sports are easier to understand and fairly straight forward in regards to the moneyline, but soccer is a little bit different.
Most sports list the moneyline with two options. One team wins or the other team wins. However, in soccer there are three options to choose from on the moneyline because of the amount of draws that occur.
For our example, let’s go back to the 2018 World Cup between France and Croatia.
France entered the match as the favorite with a -110 moneyline number, while Croatia entered as the underdog with a +350 moneyline.
Bettors could decide a winner that way, but the third option of a draw at the end of regulation was listed at +230. Instead of picking a team, bettors could opt to bet on a draw if they believed the teams are that evenly matched.
Here’s a calculation of the 2018 World Cup payouts:
*$100 on France: $90.91 payout
*$100 on Croatia: $350 payout
*$100 on a draw: $230 payout
France wound up with a 4-2 victory as the favorite.How to Bet GuidesKey Takeaways on the Moneyline
So what did we learn today?
*Moneyline bets consist of picking the team you think will win.
*Betting the moneyline favorite has a lesser payout.
*Betting the moneyline underdog has a larger payout.
*Soccer has three moneyline options to choose from.
Moneyline bets are by far the most popular type of sports bet that you can make. What’s great about moneyline bets is that they are not only simple enough for beginner sports bettors to understand and utilize properly, but they are also heavily used by professional sports bettors to rake in huge wins every single day in sportsbooks all across the world. In fact, there are many wildly-successful professional sports bettors who exclusively use moneyline bets in their winning strategy.
In this guide, we’re going to teach you literally everything you’ve ever wanted to know about moneyline bets and then a whole lot more. Whether you are a beginner or a seasoned bettor, we’ve got something here for you. We’ll walk you through the basics of what a moneyline bet is, why you would want to make one, and how to interpret the different numbers, payouts, and presentation formats you’ll see.
Additionally, we’ll discuss line movement, how the casino profits (important for you to understand), and moneyline betting strategies that can help you crush the books. These strategies will range from basic to advanced, so even the most seasoned of sports bettors should expect to get some value from this. Feel free to skip to a specific section if you came here for specific information. If you’re newer or it’s been a while since you’ve bet, we highly recommend reading this guide from top to bottom, as the sections will build on knowledge from previous sections.What Is a Moneyline Bet?
We’ve already covered that a moneyline bet is easy to make and is the most popular type of sports bet for beginners and for professional bettors. Now let’s talk about exactly what it is. A moneyline bet is a sports betting wager on which team or person will win a game or sporting contest. Simple as that. When you make a moneyline wager, you are betting on who will win a contest. It doesn’t matter how they win, by how many points, goals, or runs they win, or how long it takes them to win. All that matters to win a moneyline bet is that the team or person you bet on is victorious.
Typically, if you’ve made a bet on sports in the past amongst friends or at the casino, you probably made a moneyline bet, and you didn’t even know it. “I bet you $10 the Broncos are going to win tonight.” That’s a moneyline bet. You may also hear the bet referred to as a to-win bet in some circles, but just know that they are referring to the same type of bet.
Where people seem to get confused with moneyline bets is with how they are presented and how they pay out. While the criteria to win a moneyline bet will never change, the amount you win and how the bet is presented will change. Don’t worry, though. It’s easy to understand if it’s presented to you properly. We are going to cover this thoroughly in the coming sections. You’ll be a moneyline expert ready to crush the books when you get done with this guide. Benefits of Moneyline Bets
Before we go any further, we want to point out some of the reasons moneyline bets are so popular and are utilized so frequently by professionals worldwide. You should always understand the importance of something before you dedicate your time and effort into learning about it. Let’s take a look at the benefits of moneyline bets in your future winning sports betting strategy. Simplicity
Something that all of our pro bettors on staff preach is that there is no reason to make anything more complicated than it needs to be. Specifically, they are referring to the awful trend of aspiring sports bettors thinking that you must make more complex bets in order to make a living betting sports. The reason we say it’s an awful trend is because this couldn’t be further from the truth.
The secret to winning sports bets is finding value and picking winners. There is absolutely zero correlation between the complexity of a bet and how likely you are to win. In fact, you could say that there is a negative correlation because a lot of bettors don’t fully understand the complex bets they are making, meaning they are more likely to make mistakes and incorrectly assess value.
Moneyline bets take the gold medal when it comes to simplicity. Pick a winner, decide if the payout you’ll receive is worth the risk, make the bet, and that is it. If your team or player wins, you win. People will try and overcomplicate this, but that is all there is to it. Easier to Find Value
Piggybacking on the simplicity of moneyline bets is the ease with which you can properly assess value. Now, you’ll notice that it doesn’t say “Easy to Find Value,” and that is because it’s never easy to find value in sports betting. If it were easy, everyone would be doing it for a living. What it says, though, is that it is easier to find value with moneyline bets because of the simplicity.
You don’t have layers of complexity to fight through to see if your prediction is a positive expected value move (one that is going to make you money). With some simple mathematical calculations, you can figure out whether or not there is value in a bet. Even if you don’t like math and would prefer not to use it when assessing value and making your picks, it’s still much easier to “eyeball” value with moneyline bets because of the simplicity. Great Introduction for Beginners
Got someone that you’re wanting to get excited about sports betting? Too often, people try and introduce new bettors to the sports betting world with an overload of information. They’ll shower them with too much knowledge, too many choices, and they’ll eventually chase them away from the games.
Moneyline bets are a great way for you to teach your friend, family member, or significant other about sports betting. They’ll have a much easier time grasping what is going on and will most likely be more excited to continue learning and/or supporting you in your endeavor. Understanding Favorites and Underdogs
Sportsbooks would go completely broke overnight if they paid out the same amount on every single moneyline bet. Imagine this scenario for a second. The Atlanta Falcons schedule a football game against a Pee-Wee football team, the Brownsville Bear Cubs, that’s made up of 10-year-olds, and the sportsbooks are allowing you to bet on it.
If they were paying out the same amount if the Falcons or the Bear Cubs won, what would happen? Well, 100% of people would bet on the Falcons, and the sportsbook would lose all of their money when Matt Ryan and his Falcons stomped the youth football team. In order to counteract this, the sportsbook must alter the amount that they pay out.
Let’s take a quick step back and talk about what the sportsbook’s goal is with any game they are offering action on. Ideally, the sportsbook wants to take the perfect amount of action (money bet) on each side of a game so that regardless of who wins, they make money. Their profit comes from taking a small percentage off of the top as a house fee for facilitating the action.
In our earlier example, the sportsbook would be devastated if 100% of the action came in on the Falcons. The book is not looking to gamble; they are looking for a sure thing. So, to try and entice more people to bet on the Bear Cubs and discourage people from betting on the Falcons, they will alter the payouts. They will make the amount you win for correctly selecting the Bear Cubs much larger and the amount that you win for correctly selecting the Falcons much smaller. The sportsbook will continue tweaking the line like this all the way up until they close for bets on a particular game. They’ll move it back and forth as necessary to try and get that perfect amount of money on each side of the contest. We’ll discuss this line movement and its importance to you much more in-depth in a coming section.
What this means is that in each contest, there is going to be a favorite and an underdog. It’s important to point out that when you look at a moneyline bet, and you see that a team is a favorite or an underdog, this is only in relation to the money that is being bet. While these numbers will usually be in line with which team is the actual favorite and underdog, it could be different. Remember, the betting lines are tweaked so that the sportsbook can get the right amount bet on each side of the contest.
Let’s take a look at a moneyline bet and talk about identifying who is the favorite and who is the underdog.
*055 — Eagles -300
*056 — Falcons +240
There are four elements to the moneyline bet that you can see here. The first column is just an identifier of which bet is which for the sportsbook. When you place your bets, you can tell the sportsbook you want to bet on the Eagles to win or that you want to take bet 055. This number has nothing to do with the actual game and is just a code for the sportsbook to keep their bets organized.
The second column identifies who you are betting on. The first line is a bet on the Eagles to win, and the second line is a bet on the Falcons to win. Next, you will see a column that has a plus or minus sign and a number. The minus sign will always indicate the favorite, and the plus sign will always indicate the underdog.
The number that follows the plus or minus sign will indicate how big of a favorite or an underdog the team is. The larger the number is, the bigger the favorite or the underdog the team is. For ex
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