Moneyline Betting Strategy
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.
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.
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 .
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.
The first thing that sticks out about this list is that there are no teams listed as favorites . Quite simply, it is difficult to forecast into the future with any great certainty. Even the favorites to win it all are still underdogs against the field.
The numbers let bettors know the payouts associated with betting each side of the game. The positive number is the payout amount that a winning bet will receive on a $100 wager. The negative number is the amount that a bettor must wager in order to win $100.
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.