What Does Moneyline Mean In Sports Betting
Posted By admin On 02/08/22- What Does Moneyline Mean In Sports Betting
- What Does It Mean To Bet On Moneyline
- What Does The Moneyline Mean In Sports Betting
Before we had the options of wagering on future bets, parlays, teasers, alternative lines, Asian lines, prop bets and each-way, there was one betting option that reigned supreme. It was the money line bet. From a non-gambling perspective, winning a game in any sports will make a team happy. However, depending on the score, that win may not please bettors. That’s because the point spread betting option has taken over as the popular option, leaving the money line far behind. If you are the kind of person who bets on your favorite team each and every game, this is the bet for you. There is nothing worse than watching your team win the game, but lose you money by not covering the point spread.
What Does Money line Mean?
The money line bet is the simplest form of betting in the industry. A “money line” bet is a way of betting on which team is going to win the game outright, or which individual will win an event. With a money line bet, the margin of victory or the total number of points a team scores do not matter. If you like the Patriots to win outright versus the Browns, a 3-0 win would win you just as much money as a 77-0 win.
Unfortunately, the profit from winning a money line bet could be drastically different depending on if you bet on the favorite or underdog.
Money Line Odds
- Despite the fact that many punters are completely unfamiliar with its name, it is still one of the most common types of bets out there. Let’s find out more about what benefits it gives you, who it.
- What does the plus and minus mean in sports betting? To be able to make any consistent money betting on sports, it is essential to understand everything that goes into making a betting line.
- Moneylines used in sports betting differ from point spreads and are usually used in sports where scoring is low, like baseball and boxing.
The betting business has never been better. But despite this, it still seems like there are plenty of people out there who have absolutely no idea how betting lines actually work.
The money line bet always relates to bets of $100. A favorite will be represented by a negative money line figure such as -180. This means that in order to profit $100 off your winning bet, you would need to risk $180 dollars. But as I’m sure you already know, you can risk any amount you are comfortable with and the payment (should you win) will be in proportion to the odds. For example, a $50 bet on a -180 line would win you $27 dollars.
When betting an underdog on the money line, you will notice that they have a positive price attached to them. For example, if the underdog you like was +195, a $100 bet would profit you $195 dollars for every hundred put down.
The money line odds will always be different aside from the plus or minus – those are the only constant. The favorites will always have a negative value, which is how the sportsbooks make their money.
What Sports Can I Bet the Money Line On?
You can bet the money line option in every single sport that is offered up. It is the simplest form of betting and it is also the primary way to bet sports in which a point spread isn’t available (think hockey or baseball). Money line wagers are also available in football and basketball, but the point spread wager is much more popular. It is also used in tennis, golf, boxing, MMA, cricket, table tennis, and any other sport you can think of that has a winner at the end of the game.
Are Money Lines the Best Betting Option?
Money line bets are particularly attractive to square bettors when they are looking at underdogs. They see a nice high positive number and think that the payoff is significant enough to be worth the risk. Unfortunately, underdogs are underdogs for a reason, and it’s usually because they aren’t very good. However, when the right opportunity presents itself, a money line bet on an underdog can grow your bankroll quicker than betting favorites would.
Money Line Calculator
Now days, most online betting sites have the money line calculator built right into the betting window. It’ll tell you how much you stand to win on any bet amount you can think of. If you find yourself in a Las Vegas sportsbook and have to quickly do the math, here is how to do it.
Example 1: Underdogs
Potential Profit = Stake x (odds/100).
$50 Stake on +120 odds.
$50 x (120/100) =
$50 x 1.20 = 60
Potential Profit = $60.
Total potential profit + Stake =
$60 + 50
=$110.
What Does Moneyline Mean In Sports Betting
Example 2: Favorites
Potential Profit = Stake / (odds/100)
$50 Stake on -200 odds.
$50 / (200/100) =
$50 /2 = 25
Potential Profit = $25.
Total potential profit + Stake =
$25 + 50
=$75.
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Sports Betting Guide
Despite the fact that many punters are completely unfamiliar with its name, it is still one of the most common types of bets out there. Let’s find out more about what benefits it gives you, who it works and what can you do to increase your chances for success.
What is moneyline?
First things first, let us clarify that it is not a new betting top or something that you would never come across. The situation looks rather more simple. Moneyline betting is nothing else as a form of a winner market betting, where instead of traditional 1X2 format you only have to back either team/player A win or team/player B win. In other words, it is the most simple and common way to place a sports bet. Looks familiar now?
How does it work?
Since we already know what moneyline is, let’s talk more about how does it work and why does it exist. First of all the need for something like moneyline came up from sports like American football, basketball, baseball, volleyball and even MMA. Although some of these disciplines have the draw option, the majority of their events like NBA or NFL games cannot end in a tie game. That is exactly why this type of bets is a predominant one for the aforementioned markets (followed handicaps & over/under). Let’s not forget that popular markets like football do also offer moneylines. Obviously, football punters are more used to the traditional 1X2 betting, however, you can also find plenty of betting options without the draw. In such cases, the prices are adjusted, hence given only two options, and in the case of a draw, the stake will be voided and fully returned to you.
When placing your moneyline bets, you do not have to worry about anything but your backed team/player winning the event. It doesn’t matter if your team/player wins by 1 goal or scores 40 points more. A win is a win, and that is what only matters on this market, which is, again, great if you are either unfamiliar with Asian/European handicaps or do not feel confident about betting on the Over/Under goals/points market. Despite their differences, these markets are all tightly related. Well, at least, they should be. By monitoring all of them, you can get a better idea about the market and what is going on. Sometimes it helps to find a bookmaker’s mistake, and sometimes it just makes more sense to place a handicap bet or vice versa.
What is the difference between the moneyline and 1X2 markets?
While the difference between these two types of bets might seem to be really small, the effect it has on the odds you get is quite substantial. Not only it decreases the number of outcomes that the action will take on, which mitigates the risk, but also the odds will be looking a bit different, hence there is no draw option (in case of which you will not lose but get your stake back). This key difference is very important since many punters tend not to pay enough attention, placing a bet on a 1X2 market instead of a regular moneyline one and vice versa. Simply double-check whether or not the market you are placing your wager on has the third outcome (draw), in order to avoid any further misunderstanding.
Please, take a look at the following examples. The following markets are taken from the offers of some of the top online bookmakers. Therefore, it should only make it easier for you to recognise how do they look on the website, and, most importantly, be able to tell them apart from traditional 1X2 betting.
What Does It Mean To Bet On Moneyline
When should you bet on moneyline?
Since you are more or less familiar with what moneyline markets are, how do they work and how to tell them apart from the traditional 1X2 markets, you might want to place a wager. Well, what is the best way to do so..?
Depending on your attitude towards betting, you can either bet for fun or give it some extra effort and take a more serious approach. Once again, if you are serious about your betting, then you might need to spend some extra time looking for value. The key here is to look for the team that is according to your research is somewhat underestimated by the oddsmakers and take advantage of that difference.
While moneyline is very simple and one of the most common types of bets, it does not mean it is easy to make profits betting on it. Long-term profitability if a tough craft to master, but there are plenty of complex and rather more simplified betting models that will help you achieve your goal.
Last but not least, never stick solely to one market, which in our case is moneyline. Differentiate your betting routine, explore more options. By limiting yourself to only one type of bets, you are not doing yourself a favour! The illusion that you’re mitigating the risk will quickly hurt your budget. Try checking out all the available markets to find and then exploit the mistakes bookies make.
What Does The Moneyline Mean In Sports Betting
We hope this guide will help you get more familiar with moneyline betting and only bring you satisfactory results.