What Is A Moneyline Bet? Explainer With Examples
Looking at it as a series of multiple games makes it a lot simpler for you to grasp and predict. Then, you just convert that number to a percentage and compare it with the implied probabilities offered at the sportsbooks. You may have noticed that we said earlier that it’s the amount of money bet on each side that is important to the sportsbook and not the number of bets. If you bet $100 on the Magic, you would get $105 in return. If you bet $100 on the Mavericks, you would get $90.91 in return. You might be asking yourself why they aren’t paying out the same amount on both sides of the game.
However, moneylines also show up as a format to declare straight odds on various wagers. Notably, futures bets are often expressed in terms of moneylines. So, since the sportsbook felt that a certain outcome was particularly likely, bettors who took that side stood to profit very little. On the other hand, if Cleveland did manage to pull off the upset, then a bet would pay off quite handsomely. Bear in mind that a payout is simply the profit you can expect to realize on the bet.
In this matchup, the Patriots are clearly the favourites to win as indicated by the (-), and the Miami Dolphins are the underdogs or the longshots to win as indicated by the (+). Tribune Publishing and its partners may earn a commission if you sign up to a wagering platform through one of our links. The odds are adjusted based on each team or player’s ability. In this case, since both lines are the same, the payouts will be the same, too.
Half-time bet – A bet placed on scoring in the second half of a game only. Free Bet – A Free Bet is a token with a number value, which a customer can attach to a selection to a selection to place a bet. The difference between a bet placed with a Free Bet Token and a regular bet, is with a free bet the “stake” is not included in the winnings.
When you see a plus (+) sign in front of a price, it illustrates to you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. Note that in soccer, where ties are quite common, books usually offer three-way markets – each team to win or a draw. If you bet into these three-way markets , understand that your bet grades as a loss if the game draws. Live betting can offer bettors a great opportunity because the sportsbook doesn’t have as much time or information to produce a sharp line.
Moneyline odds of -600 is very hard to establish long-term success because the winning payouts are small and one loss could eliminate any positive gains. The same -600 moneyline will have ATS odds of -110 which is more attractive to a bettor. A negative number represents the amount you have to bet to win $100. A positive number represents how much you will win on a $100 bet. In the graphic above, then, you have to bet $550 on Cleveland to win $100, while a $100 bet on Boston will net you a $375 profit. Experienced sports bettors track the odds very closely, and watching the moneyline is an effective way to gauge what the oddsmakers are thinking.
Regardless, you should be looking for value when choosing a bet, no matter the type. If you are betting the Bills then the term is referred to as getting the points. A bet on the Steelers is referred to as giving the points or more commonly laying the points. If after adding 4.5 points to the Bills total it doesn’t reach a higher total than the Steelers then an ATS bet on the Bills loses. From our NFL sample, you can see the Bills are getting 4.5 points while the Steelers are laying 4.5.
Despite finishing several wins apart in 2020, the Miami Dolphins and New England Patriots are expected to be on a similar level in 2021. The betting market forecasts neither being in true Super Bowl contention nor bottom-feeding status. To look at some real-life examples, let’s check out some games from the 2021 NFL season. We’ll look at how the moneyline varies from three different matchups, with lines from DraftKings Sportsbook.
The amount of money you need to risk depends on the price of the moneyline. If you win your moneyline bet, the price of the moneyline also determines your payout. A moneyline bet is the simplest and most straightforward wager in all of sports betting. It is a bet that has potentially two or three outcomes depending on the sport.