Sportsbooks provide punters all over the world with a seemingly limitless number of opportunities to watch and wager on sporting events. Have you heard of the word “moneyline” before? Or, you may wonder how to win moneyline bets?
Moneyline is one of the most popular types of betting. It simplifies the game by calculating an odds total for each team based on their odds of winning the tournament outright. However, the moneyline odds for each sport are different. So, understanding which sportsbooks give the greatest odds is still a key part of finding success.
Have you ever heard of the terms “juice” or “vig” being used in betting discussions or analyses? Well, these terms refer to hidden fees charged by bookmakers. So, when bets are put on both moneylines in the same event, bookies can keep a portion of the money wagered.
Today, we will dig deeper into the basics of moneyline betting. We will discuss its calculator, spread comparisons, and how to win moneyline bets. In addition, we will also provide some tips and tactics on how to master the art of moneyline betting.
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Moneyline Bet: What Is It And How Does It Work?
We’ve already said that a moneyline bet is simple to place as well as is the most common type of sports bet. A moneyline bet is a wager on which team or individual will win a game or sports event. It’s as simple as that, you are gambling on who will win when you place a moneyline bet. In addition, there is no spread for this type of bet. You win if the team you picked wins the game outright. Likewise, you lose if your chosen team loses as well.
Moreover, it makes no difference how they win or how long it takes. It doesn’t matter how many points, goals, or runs they score.
So, how do you win a moneyline bet?
To win a moneyline bet, all that counts is that the team or person you bet on wins.
Have you ever gambled on sports with your friends or bet in a casino? If so, then most probably you already made a moneyline bet without even realizing it.
For example, you bet $10 that Man United will win in tonight’s game. Well, this simple act is a great representation of placing a moneyline bet. In certain areas, moneyline bets are also known as a to-win bets. Nevertheless, both terms apply to the same form of wager.
Players are sometimes surprised by moneyline bets because of how they are presented and how they payout. The conditions for winning a moneyline bet will never change. However, the amount you win and the way the bet is presented may change. But don’t be concerned. If the sportsbook presented the moneyline correctly, it’s simple to comprehend.
What Do The Numbers On The Moneyline Mean?
If you want to learn how to bet on a moneyline, you must understand the moneyline numbers.
Each number in the moneyline represents the payout ratio for a winning bet on that team. The team with a positive number next to its name is the underdog team. In addition, they are also widely predicted to lose in the said match. As a result, the moneyline is the amount that a winning $100 wager will return to the bettor.
Conversely, if the club with a negative number refers to the favorite team. Thus, the bookmaker predicts that this team will win the game. Furthermore, the moneyline number represents the amount of money that you must wager to earn $100.
If you want to learn how to win a moneyline bet, you must also understand that these numbers are ratios, not absolute values. Moneyline betting does not require you to wager in $100 increments. Your possible reward will be proportional to the size of your wager.
If you’re having problems understanding moneylines, the examples below should help you know how they function.
How To Win Moneyline Bets And How Does It Work?
Let’s look at an example. The odds for Brentford are -150, while the odds for Newcastle are 130. In this case, Newcastle pays $130 for every $100 stake when the odds are set at 130. So, if you wager on Newcastle and they win, you will receive $130.
Conversely, you place a $150 bet in favor of Brentford. If Brentford wins the game, then you win $100. Moreover, if you wager $300 instead, and Brentford still won, then you would win $200.
How To Win Moneyline Bets: Moneyline Odds Calculation
The moneyline betting odds can be displayed in a variety of forms. Later in the tutorial, we’ll go into American odds, which have a plus or minus sign with a number. Let’s look at two more prevalent formats: fractional odds and decimal odds.
Calculating decimal odds is a simple process. For each dollar placed on a correct bet, the decimal represents how much profit you will earn. To determine your winnings, you must multiply your bet by the odds. Then, subtract your bet from the outcome.
Fractional odds represent two numbers separated by a backslash. The first number represents the number of times the bookmaker believes the outcome will succeed. On the other hand, the second number is the number of times they believe it will fail.
Multiply your stake by the number you obtain when you divide the numerator of the odds by the denominator to compute your profits with fractional odds.
Money Line Betting Strategy: How To Win Moneyline Bets?
1. Your Selection Is Important.
Do you want to know how to win moneyline bets every time? Betting on the spread gives you a better chance of winning. However, if you don’t know what you’re doing, regularly increasing your bankroll with moneyline bets demands you to be cautious about the games you play.
Do you want to get the best value of moneyline betting? Well, locating games where the underdog has a chance to win or where betting on a favorite isn’t too expensive is the key. You may, however, take a few more chances if you’re playing many games at once.
Also, it’s crucial to remember that bookmakers modify their moneylines in response to public betting. So, if you know more about a game, you can discover that the odds tilt slightly in your favor.
2. How To Win Moneyline Bets? Don’t Forget Favorites But You Must Choose Carefully.
Many punters believe that moneylines are not worth the risk unless you solely bet favorites. However, this is not always the case.
It’s usually best to avoid favorites with odds of -250 to -300. Because this is the area where upsets are still conceivable. In addition, it is not worth risking your money on a wager that will only return a third of your stake.
Are you the type of punter who always bet on the underdogs?
If so, then you must consider giving up some points, even if it’s not the whole spread. This will boost your payouts while also narrowing the risk-reward gap marginally.
Furthermore, a multi-team parlay with moneyline favorites is another strategy that can pay well.
3. Line Betting Strategy: Assessing The Value
All gamblers understand that placing value bets is the key to a successful line betting strategy. Finding value is an idea that is simple in principle but challenging to implement in practice.
The moneyline is a means for sportsbooks to assign value to each event… Although it’s a nice starting point, it’s not always accurate. It also implies you’ll need to put in some effort to determine if your predictions for a game’s possible outcome match the odds.
Moneyline Betting FAQs:
What Does A Moneyline Of +200 Imply?
Due to the plus-odds, a team or person with a +200 moneyline is considered an underdog in their event. A $100 wager would net the bettor a $200 profit, not counting the $100 stake risked.
What Causes The Moneyline Odds To Fluctuate?
Many reasons affect the moneyline odds. This includes injuries, trades, suspensions, and beat reporter updates.
Is It Preferable To Gamble On The Spread Or The Moneyline?
If you’re new to sports betting, the moneyline is a better option. It simply considers the final score of a game to determine the winner. Spread betting carries a higher risk owing to the likelihood of a team covering the points assigned by the bookmaker; yet, these odds are more rewarding, and underdogs are more likely to win.