Moneyline Bet For 2021
A straight bet is an individual wager based on the outcome of a single event. Straight bets include spreads, moneylines, and totals (also called over/unders). A straight bet covers when the bettor wins and the bet pays out. Certain straight bets can also push, meaning the bet is a tie. In those cases, the bettor receives his wager back, but does not get any winnings. Straight bets are typically less complicated than other bet types like parlays and teasers, so they’re great for new or casual bettors.
In the case of soccer or a boxing/MMA fight, moneyline bets could also have a third option, which is a “draw,” in which there is no winner or loser. When bettors correctly choose an outcome, a sportsbook will pay the odds due the bettors. While straight bets using a point spread are most popular for high scoring sports like football and basketball, money line bets are available as well.
So, here is a handy guide on moneylines, complete with numerous examples to show how they work. Oddsmakers recognize this, and they will price the games accordingly. For example, in a really tight NFL game, you could see moneyline odds like this. As an example, a point spread of 2.5 points or less is a good indicator of a tight game. That being the case, the moneyline odds will have decent value on both sides that’s worth exploring.
Also, there may be moneyline bets that have value that may get more value as the lines move which is obviously something that you’ll want to take advantage of. What’s the best course of action with a moneyline bet when you have multiple entrants? If you’re really confident in your pick and you don’t mind the extra variance, then bet all your money you have set aside for that contest on one person. But, if you’re not completely sure, you want some lower variance, or you can’t decide between a couple of entrants, then bet multiple entrants. Just make sure that you do the math with each possibility to ensure you don’t bet too many entrants where you’ll end up losing money even if one of your picks wins.
For example, here’s a moneyline for an MLB game with a huge favorite. For example, you may find that huge favorites are relatively safe wagers, but that the returns aren’t what you have in mind on a long-term basis. As such, you make a concerted effort to look for other opportunities first, such as favorites at odds of -180 or less.
In fact, finding a sportsbook that prices more favorably should be a part of your decision-making process when selecting a bookmaker. Along with a spread, books will set a “game total” for each event. That number represents how many points, combined, are expected to be scored during the game. Bettors have the option to select the “over” or “under”, which is why it’s also known as over/under betting.