What does Moneyline betting mean for bettors? It is one of the most common bets, and it is time you mastered it! Take a look at the rest of our betting guide as well!
A Moneyline bet is the simplest and most straightforward sports bet that can be made with a determinate outcome – three results. The Moneyline bet pits two teams or two players against each other, with bettors choosing a single player or team to win. In essence, when you look at Moneyline versus the spread, to win a spread bet you must determine who wins and by how much. In NFL games, the points spread is more important than in NBA games. Another betting line you can also bet on the over/under in the NBA, MLB and NFL, but the Moneyline is the easiest bet to place. Your Moneyline bet must win to get a payout. But how to interpret the Moneyline? For new bettors, this might be difficult so your FAQs for this type of sports betting at a sportsbook will provide a better payout with less money risked for bettors.
What Does Moneyline Mean?
When we explain what Moneyline means, it is a form of a sports bet and bears no resemblance to a prop bet, bookmakers or oddsmakers set the line based on implied probability. For example, the Kansas City Chiefs had the Buffalo Bills scheduled at home and the American odds would have this game had the NFL Moneyline at -145 Bills, for the SuperBowl contender Bills. You can get different Moneyline odds if you shop around with different sportsbooks or betting sites like Draftkings, Fanduel, Caesars Sportsbook or BetMGM for sports betting odds or betting options.
If you bet the Moneyline for your sports betting – Moneyline odds in soccer or combat sports like Mixed Martial Arts, you have a third choice for Moneyline betting, a draw. The online sportsbook can offer a couple of options depending on where you place your Moneyline wager. A draw may be one option provided, or you can see a sportsbook offer a draw no bet. That is, the bet can only be won if a team or player bet on succeeds. On the draw no bet, a tie is a push, and all sports bets are returned.
At MyTopSportsbooks, we will simplify the sports betting mystery of Moneyline betting with our handy guide to take the guesswork out of your Moneyline betting strategy. We want to address FAQs for Moneyline betting takes the point spread out of the equation. Your bet is to pick a win, a loss, or a draw in some cases for a payout or a winning bet. That is the Moneyline explained. The matchup determines everything for your Moneyline wager, and the betting odds are set accordingly by the oddsmakers at an online sportsbook or sportsbook. Sports bettors will frequent either or depending on the types of bets they place or the best betting odds available.
What to Know About Moneyline Betting, and Moneyline Odds
A Moneyline bet can come with three different segments that are integral to the result, and it is vital that you understand the components to make an informed sports bet.
Moneyline Favorites in Sports Betting Moneyline Bet
The favorite – in a sports bet – is just what it sounds like. The team – NFL/NBA team wins you can increase your bankroll – or player from the NBA/NFL is most likely to win any given contest. For example, a Moneyline odds favourite might have betting odds of -150. If you bet the favorite in the matchup, you must wager $150 to win $100 for a total payout of $250 for your Moneyline bet. When reading the Moneyline odds at MTS, you will know that the favorite is always represented with a minus sign before the odds for Moneyline sports bettors. A Moneyline bet on the NHL works the same way, pick the winner straight up.
The Moneyline Underdog in Sports Betting, a Positive Number
The ‘dog’ is the team or player that is deemed unlikely to win the contest that is in play at your online sportsbook. An underdog can have odds of +150, using $100 as a Moneyline bet; the return on a winning bet is $250. You win $150 based on the odds (+150) and the original $100 bet on the underdog. The underdog is denoted on the odds with a plus sign before the odds.
Pick ‘Em or Even, Sports Betting, Moneyline Bet
When you encounter this situation, the sportsbook has decided the teams or players competing are of equal ability, and either can be victorious when all is said and done. When betting in this situation, the bettor can win the same amount betting on either team wins With our $100 example – betting on a PK or EV game – will return $100 for a total of $200. You will see EV, PK +100, or a combination of designations on the line.
Three results from a Moneyline bet
A bettor will hold a winning bet when they correctly predict the outcome of a Moneyline bet. A draw can be considered a win – if offered at your online sportsbook – when betting on soccer or combat sports.
A bettor will lose their bet when they don’t predict the correct outcome of a game. The bettor will also lose if a combat sport is called a draw or a soccer game ends in a tie if they didn’t bet on a draw.
Draw No Bet
In this circumstance, a draw-no bet means that the sportsbook doesn’t offer a draw as a result of the game. Your choices are win or lose for the teams competing. This is common when betting on European soccer when the Moneyline only offers two outcomes. If a draw is the game’s result, the original bet is returned, and the game result is called a push. If a draw bet is offered on the Moneyline, a tie must be the end result for the bettor to win their wager.
Moneyline and Point Spread
Both types of bets are related, but the Moneyline offers a better payout as opposed to a point-spread bet. Looking at a bet this way: when betting on a matchup, the betting odds on a 3-point favorite (-160 Moneyline) will see a better payout for sports bettors than picking a 7-point favorite (-350 Moneyline). If you are betting on the NFL, a 3-point favorite is -160, and the underdog is +135 – a small gap between teams. As the point spread grows, a 7-point favorite is -350 on the Moneyline, and the underdog is +285. Betting a 7-point favorite requires a bigger bet to obtain the same return as betting the Moneyline at -160.
Get a bet Down with MTS
Now that you understand the ins and outs of Moneyline betting, we at MyTopSportsbooks invite you to visit our partner websites to place your Moneyline bets. Don’t forget, gambling is entertainment and never bet more than you can afford to lose. May all your picks be winners, good luck.