What Is A Moneyline Bet?
Different sportsbooks will provide different odds on moneylines, so it’s important for bettors to shop around to find the best value to maximize potential winnings. What’s nice about the moneyline is there’s no math involved, no backdoor covers and no different winner based on sportsbook lines and odds. The moneyline is simply interested in which team wins and which team loses. Middle – To win both sides of a game; wagering on the underdog at one pointspread and the favorite at a different pointspread and winning both sides.
However, if the player wins all the wagers in the parlay, the player wins a higher payoff than if the player had placed the bets separately. Moneyline bets are available for almost all sports and you’ll find them offered by practically every sportsbook. They’re most popular in soccer, baseball, hockey, and football, though you can also find moneyline bets in basketball, tennis, golf, rugby, and more. There’s no points spread to cover, no predicting the game’s score, and no forecasting which player is going to score first. This simplicity makes them popular among people that are new to betting on sports. However, because of the super expensive moneyline price, this means you would have to risk $700 just to win $100.
Now, if you think that the bet is actually 100%, then it might be a smart bet to make. You’re still going to have to put up a lot of money to see any real sort of profit, which might not be desirable based on your personal preferences. Remember, the sportsbook pays you more the less likely something is to happen.
Ideally, the sportsbook wants to take the perfect amount of action 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. 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. Often, sportsbooks will list money lines with an additional 10 percent, which is the house’s take, called the vig. In that scenario, +110 would win $100, +330 would win $300 and -440 would still only win $100.
Note that the conversion from spread to moneyline varies from sports to sport. A 7-point win in an NFL contest is not quite the same as a 7-point win in the NBA. Mark Strotman writes about the NBA and sports betting for BetArizona.com. He is a veteran sports journalist who covered the Chicago Bulls and the NBA for NBC Sports Chicago for about 8 years. His work has also appeared on ESPN.com, FoxSports.com, The Chicago Tribune, Yahoo Sports and NBC Sports.
Get your feet wet in the industry in placing some moneyline bets. Eventually, you need to take a dive in the deep end, and start betting against the spread to make some real money. With a spread bet, you are trying to predict how close or how far apart the final score spread will be. But, they have to keep the final score within a certain range. The advantage of parlaying your moneyline wagers is that the payouts for winning such bets can be much higher than if you just bet on each market by itself. The degree of difficulty and risk goes up exponentially, as will your reward if you pull off the feat.
When point spreads are irrelevant, bookmakers tend to prefer money lines. As mentioned earlier, hockey and baseball are particularly popular for moneyline betting. Other sports include soccer, IndyCar, NASCAR, Formula One, boxing, and tennis. In other words, pick a winner and you will receive the odds presented in the moneyline bets. Look carefully at the (-) and (+) in moneyline betting to determine which team is the favorite and which team is the underdog.
That’s because most bettors have a negative expected value (-EV) on their wagers. And for a parlay to have a +EV, most if not all of the bets in the parlay must have a +EV. Second, it’s easy for bettors to figure out if a bet meets their value threshold. Simply convert the moneyline into the implied probability and use your judgment about how that number relates to your own estimate. In any case, the bettor must estimate San Francisco’s chances of winning to be higher than the 79.16% quoted above in order to make a bet with a positive expectation (+EV).
Positive numbers refer to teams not favored to win; underdogs. These teams may be less likely to win, but they will also bring in more money if they do. Because of the possibility of draws, soccer moneylines differ from traditional ones found in football or basketball. Instead of two betting options , you can also bet on a third option, the draw. Generally, soccer moneylines are settled at the end of regulation .
The first two come from Week 1, with the final one coming from way down the road in Week 17. The favored team is denoted with a minus sign, followed by a number. Run line – In baseball, a spread used instead of the money line.