What Is A Moneyline Bet? Explainer With Examples
Before you dive into soccer moneyline betting, it is important to note how it differs from other traditional North American sports betting. You can easily see 3-way moneyline bets because they will list an extra line of betting choices. You will see an option to bet on either side and then below it an option to wager on a draw. In this example, if the Seahawks and Eagles score a combined 51 points or more, bettors who took the Over win their bets.
A moneyline bet in sports betting is one of the easiest wagers you can place. There are two outcomes of a game or match, and you must choose the outcome you think will occur. The favorite is always indicated by a minus sign (-), and the underdog is indicated by a plus sign (+). In the case of the favorite, the moneyline is the amount a bettor would have to wager to win $100. For the underdog, the moneyline is the amount a bettor stands to win if they were to wager $100.
The Gaming Today Moneyline Calculator can be used as a valuable resource on any moneyline bet. It’s especially useful for evaluating the implied probability of winning and payout odds. The payout odds on the favorite and underdog can differ significantly on a moneyline bet. Using a moneyline calculator breaks down the math on the odds, which allows bettors to assess the true value on each side. Once you have determined which side you’re going to bet on, you must select the corresponding moneyline, which will move it to your bet slip. Then, enter an amount to risk to calculate the potential payout, and it will be clear how much you stand to win or lose, depending on the result of the wager.
Nearly all of the spread betting options that you will find will have odds at -110 for each side. NHL moneylines are a popular betting option since the odds normally don’t have the wild price swings found in other sports. That’s especially true when two evenly matched teams square off as illustrated by the 2019 Stanley Cup Final moneyline odds. During the seven-game series the largest line on a favorite was priced at around -175 while the biggest underdog price was in the +155 range.
These head-to-head matchups can also be expanded into group matchups with three or more options as well. As I have mentioned on another page, these “systems” are not wrong, but they’re not always right. Given the back-and-forth nature of basketball, handicaps are tricky for the bookmaker to predict. This is especially true when considering the number of points scored in an NBA game. Let’s look at a possible example of an NBA betting line between the Brooklyn Nets and the LA Clippers. Sure, staking $500 to return $100 sounds risky, but the odds should have been closer to for Mayweather to win that bout when assessing the form between both fighters.
However, bettors should analyze each game independently looking for value in both favorite and underdog moneylines. If you want to bet on a highly favored team, it’s a better idea to include them in a moneyline parlay. If you parlay two or three big favorites, you can reduce your risk.