If you're new to the world of sports betting and find yourself asking, "What is moneyline in betting?" don't worry, I’ve got you covered! In this moneyline betting explained guide, I’ll be covering absolutely everything you need to know.
I’ll be covering a lot in this guide, but most importantly, I’ll help to unravel the mystery of these bets and show you how to implement them in your next sports betting adventure. Whether you’re a betting rookie or just looking to brush up, get ready for a fun dive into one sports most common bets.
Looks like it’s my lucky day as this betting guide is going to be as easy as pie. As the moneyline bet is one of the most simplistic and easy bets to understand in the sports betting world. But, don’t worry, if you’re still learning or need a little recap I’m at your service.
The moneyline bet is where you simply pick the team or player that you believe is going to win the game. Yes, it’s really that easy - no hidden features or fancy thrills when it comes to placing this bet. You also won’t have to deal with any of those more advanced betting concepts like betting spreads or parlays. Think of them as the ultimate “keep it simple” approach to sports betting.
Okay, time to put this moneyline bets explained guide to action with a real-world example. Imagine you’re gearing up to bet on an NBA game between the Los Angeles Lakers and the Boston Celtics. The moneyline odds for this game might be set as:
If you decide to bet $100 on the Lakers, who are the underdogs, you’d stand to make a profit of $150 if they win, thanks to the +150 odds. Meaning you’d receive a total payout of $250, which includes your initial $100 bet plus the $150 profit.
On the flip side, if you opt to bet $100 on the Celtics, who are the favourites with -130 odds, you’d need to wager $130 to win $100 in profit. So, if you were to place that $130 bet and the Celtics came out on top, you’d be walking away with a total payout of $230 which is made up of your initial $130 bet plus the $100 profit.
Ready to test your winning instincts and maybe score some extra cash? Well, I’m here again to hold your hand with this sports betting 101 for placing moneyline bets. You can thank me later, but for now, let’s get started with this quick and easy step-by-step guide to making a moneyline bet:
Find a reputable sportsbook that you’re comfortable placing your bet at.
Browse the sports and events available to find a game or match that suits you.
Look at the moneyline odds and choose the team or player you think will win.
Choose your betting amount, enter it and confirm your bet.
Watch the game and hope your pick comes through!
If you enjoy the simplicity of moneyline betting explained, then you’re going to love these other alternative options I’ve got in store for you. When you’re equipped with these different easy to understand betting types you’ll be able to have hours of fun at your favourite sportsbook betting on all of your favourite sports and teams. Let’s take a closer look at them:
The fixed odds meaning is like making a bet with your buddy, but instead of a handshake you’ve got a contract prepared. Yep, no backing out now! Fixed betting means the odds you accept when placing your bet won’t ever change until the bet is either won, lost, pushed or cashed out.
Imagine you bet $10 on your favourite team with odds of 3.00 (or +200). If they win, you pocket $30 - your original $10 plus $20 profit. At no point can the sportsbook change the odds on you. This can be both good and bad, as any changes such as player injuries or other external factors won’t impact the odds you receive. This can go in your favour or against it, but I personally like the predictability of knowing I’ll get what I signed up for.
Straight betting explained is another easy bet, but with a bit more versatility. A straight bet is a single wager on one outcome, which could include moneyline bets, point spreads, or totals (over/under). It’s just one individual bet rather than multiple bets or combinations.
But, how’s this look in a real world example? Well, let’s picture you place a $100 bet that the total combined points scored by the LA Lakers and Miami Heat will be over 220. The odds for this were -110 and you won your bet, so you’d receive a total return of just over $190.
| Betting type | Example | Benefits | Drawbacks |
|---|---|---|---|
| Moneyline bet | Bet on Team A to win outright with odds of +150 |
|
|
| Fixed odds bet | Bet on Team B to win at odds of 2.00 |
|
|
| Straight bet | Bet on Team C to win or cover the spread at -5 points |
|
|
And there you have it - moneyline betting explained in a nutshell! One of the most accessible and easiest to understand betting types available on the market right now. Whether you’re a rookie or a seasoned bettor, this straightforward approach to sports betting keeps things simple and enjoyable from start to finish. So next time you’re watching the big game, just remember that moneyline betting is all about picking your winner and enjoying the sports you love to the max.
A moneyline bet is a straightforward wager where you pick which team or individual will win a game or event. It’s the simplest form of sports betting, without the need to consider point spreads or multiple factors.
There’s no definitive answer; both can be advantageous in different scenarios. Favourites offer lower returns due to their higher probability of winning, while underdogs offer larger payouts if they win. The choice depends on your betting strategy and risk tolerance.
In most sports, if a game ends in a tie, the bet is considered a "push," and you get your stake back. However, this can vary by sport and betting site, so check the specific rules for the sport you’re betting on.
Go to BetMGM
Go to BetMGM
