Moneyline betting is one of the simplest and most popular forms of sports betting. Unlike the point spread or total betting, moneyline wagering doesn’t involve trying to guess the margin of victory or how many points will be scored in a game. With moneyline bets, you are simply choosing which team will win the game outright.
Let’s take a closer look at how moneyline betting works and some of the factors that you’ll need to consider when making your picks.
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What is Moneyline Betting?
Betting on the Moneyline in sports is simply picking a team or individual to win their respective game outright. No point spreads or other handicaps are involved. The odds will be listed next to each team or individual, and the better team or favorite will have negative odds (i.e. -200), while the underdog will have positive odds (i.e. +150).
To win $100 betting on the favorite, you would need to wager $200. On the flip side, a $100 bet on the underdog would net you $150 if they were to pull off the upset.
What Are the Factors that Affect Moneyline Odds
Sportsbooks have a lot to consider before releasing moneyline odds for a given match. They must take into account the strength of each team, their recent form, any injuries or suspensions, and the location of the game. They must also consider the matchup between the two teams, as some teams have a history of struggling against certain opponents.
The home and away records, weather conditions, and any other factors that could potentially impact the outcome of the game are also being monitored by sportsbooks as the historical records may show some kind of trend related to them.
All of these factors must be weighed against each other to come up with fair and accurate odds. In addition, licensed sportsbooks are also keeping an eye on the betting public to avoid being manipulated by large bets. All of these considerations must be taken into account to release accurate moneyline odds.
How Moneylines are Presented?
There are two popular ways to present moneylines in sports betting. The first is the most commonly used way to present moneyline – by indicating it with a positive or negative.
The favorite will always have a negative moneyline (-150, for example), while the underdog will have a positive moneyline (+125, for example). To calculate your potential winnings, you will need to multiply your bet by the moneyline. If you bet $100 on Phoenix Suns which have a -150 moneyline, you would stand to win $66.67.
If you bet $100 on LA Lakers with a +120 moneyline, you would stand to win $120 if they won the game.
|Bet||Winnings||Total Amount You Get|
|$100 on Suns||$66.67||$166.67|
|$100 on Lakers||$120.00||$220.00|
The second is the European style, which lists the moneyline as a decimal. For example, a +200 moneyline would be written as “2.00”. Moneylines can also be expressed using fractions, but this is less common.
In this match, the New York Giants are heavily favored by oddsmakers as the “1.36” moneyline means that if you bet $100 on the Giants, you will only win $36 and get your $100 bet, for a total of $136. Meanwhile, if you bet on the Cardinals, your $100 bet will turn to $220 ($100 bet + $120 winnings) if they pulled off a major upset.
As you can see, betting on the favorite requires you to risk more money to win less, while betting on the underdog allows you to risk less money to win more.
In general, American-style moneylines are more commonly used in baseball and basketball, while European-style moneylines are more common in football and hockey. Whichever style you use, just be consistent throughout your betting.
What Does It Mean When Betting Lines Are Close?
When lines are close, it means that the bookmakers believe there is a good chance for either outcome. This usually results in higher payouts for successful bets, as there is more risk involved. Remember, the higher the risk, the higher the potential reward – so don’t be afraid to take a chance on a close line!
2-way vs. 3-way Moneyline
As the name suggests, a 2-way moneyline is simply a bet on which team will win the game. A 3-way moneyline, on the other hand, adds the option of betting on a draw.
So, for example, if you were betting on a soccer match between Arizona Phoenix Rising FC and Sacramento Republic FC, a 2-way moneyline would give you odds on either Barcelona or Real Madrid winning, while a 3-way moneyline would also give you odds on the match ending in a draw.
So, which is better? Ultimately, it depends on your preferences and how you like to bet. Some people prefer the simplicity of a 2-way moneyline, while others like the added layer of risk that comes with a 3-way bet. There’s no right or wrong answer, so it’s really up to you to decide which type of moneyline you prefer.
Difference Between Runline and Moneyline
In Baseball, runline betting is when you bet on the spread, or how many runs a team will win or lose by. On the other hand, moneyline betting is simply when you bet on which team will win the game outright, without any regard to the margin of victory.
Tips Before Betting on Moneylines
Additionally, it’s a good idea to do your research before placing any bets. This means looking at the history of the teams involved, as well as any recent news or injury reports. By taking the time to do your homework, you’ll be in a much better position to make winning bets.
Finally, remember that discretion is the better part of valor. If you ever feel like you’re about to make a losing bet, it’s always better to walk away and cut your losses.
By following these simple tips, you’ll be well on your way to success when betting on moneylines.