How To Place And Win A Moneyline Sports Bet
Some basic Googling can tell you whether or not a book sets markets. Most often, a sportsbook simply copies lines from the market-setters, the books that accept high-limit wagers from sharp, winning players. A market with +380 and -380 options represents a fair market, one with no vig – the implied probabilities add up to 100. The bookmakers want to turn a profit, so they include some vig, outside of maybe a few promo offers that may happen every now and then. Even on the road, the 49ers figure to have a great chance of coming away with a win here.
Remember, the betting lines are tweaked so that the sportsbook can get the right amount bet on each side of the contest. Moneyline bets take the gold medal when it comes to simplicity. Pick a winner, decide if the payout you’ll receive is worth the risk, make the bet, and that is it. People will try and overcomplicate this, but that is all there is to it. A money line is a wager on the natural result of a game or event.
You’ll find that the betting public tends to pile in on their favorite teams once they get home from work on Friday. You can anticipate these line movements and time your bet accordingly to take advantage. The simplest way to think about a moneyline is to consider a base bet of $100.
The moneyline is a staple of sports betting, simply requiring bettors to pick the winner of the game, with odds adjusted for each team or player’s ability. The underdog is the player or team considered less likely to win. Again using $100 as a standard betting unit, a bettor would have to wager $100 to win the amount listed (i.e. +150) for an underdog win. In this instance, a bettor would wager $100 to win $150, thus totaling $250 for the payout. An underdog is always represented by a plus sign (+) on the moneyline and will pay out more money than the original amount wagered by a bettor.
In our example, Alabama is the favorite, while USC is the underdog. Get the most up-to-date information on Live Odds, Predictions, and Betting Trends from the sports gambling capital of the world. Of course, you can bet any amount provided it meets the minimum bet requirement at the sportsbook.
It’s also a push if the final score equals 42, otherwise the over or under will win. This SI Gambling 101 feature explains moneyline odds and provides examples of pros and cons associated with them. Also know as a “straight up” bet, moneyline wagers require bettors to pick which side will win outright. Moneyline favorites will always have negative odds while the underdog side receives a plus price. Neither side receives a point-spread advantage or disadvantage on straight up wagers. Original bet amounts are returned to players on all winning moneyline wagers.
In theory, the closing line represents the most accurate picture of the probabilities in the event. When the books become more confident in their numbers, they expand the limits. Again, most often the books follow the leads of the market setters with some small variation based on house risk.