What Is The Moneyline?
It will be easier to understand how a moneyline works if we look at a specific example. Create a betting account and get weekly free bets and a 50% bonus. Here’s how the payouts would’ve gone had you bet on either fighter. You can tell sportsbooks anticipated a close game due to both numbers being very close to 100 either way. Think of it as the traditional bets you would make with your buddies whether you’re debating team supremacy from the bar, in the office or in the group chat. That’s the quick and easy way to figure it out, but there are also some formulas that you can use.
The Patriots are perceived to be the much stronger team in this matchup so they must be handicapped in some way for bettors to want to take Cleveland. In this example, the Patriots have been set as a 13.5-point favorite in the game. Expert linesmakers have determined to the best of their abilities that this is the handicap that must be applied in order to even out the game. When most North Americans get ready to place a “side” bet on their favorite sport, they typically face a choice of whether to bet on the moneyline or the point spread. These are the two most common betting markets for the four major North American sports.
For example, let’s say that you’re looking to make a moneyline bet on an upcoming game and the odds are +145. You have already decided that this bet has a lot of value and you’re interested in taking it. But, you also think that the betting public is going to love the other team in this game, and you think that most of them are going to place their bets late like they usually do. What you would want to do then is wait to make this bet until closer to game time. If you read our first tip of this section, you know that picking winners is not enough to be a profitable sports bettor. You have to be picking bets that you’re not only going to win but are going to have value for you.
While basic in nature, there are also some concepts you need to know to bet on the moneyline successfully. Our complete guide to moneyline betting in Illinois will cover all the facets of this basic bet type. In the above example, the New York Yankees are favored to beat the Chicago Cubs and you would have to bet $110 to win $100.
The best odds, lines, totals and spreads are available for the top sporting events throughout the year. Bet on NFL, NBA, MLB, college football, college basketball, international sports and more. But the totals I set have to reflect our customers’ preferences for betting the over or under on certain teams in certain situations.
Favorites immediately draw new bettors, but the rewards for backing this team will be significantly less than the underdog. The more likely a favorite is to win means bettors will receive proportionately lower payouts in return. Almost all sports games have a favorite and underdog though, and a bookmaker will adjust their odds to reflect the likelihood of each team/player winning the game.