What is a Moneyline Bet? Moneyline Betting Explained US

Let’s put these equations to work using a practical example. Say the Giants are a +300 moneyline dog against the Eagles at -400. Before all else, we would like you to pay attention to basic betting strategies.

• Moneyline odds are one of the most common examples of sports betting.
• Money lines change the amount charged for bets on a team, while point spreads change the team scores that would count as a win.
• With every snap of the football or rebound of the basketball, the line will move.
• It’s always wise to shop around for the best price for the side you like.
• All you need to do is to wager on one option or the other.

When Can Moneyline Bets Be Canceled?

The Wizards have a mixed win-loss ratio but haven’t lost a single game as a home team this season. Therefore, the same stake amount on underdog would have a higher or sometimes, much higher payout than the one on the favorite. Even more, you may do your own statistical analysis and comparisons when it comes to various match aspects. For example, seeing the h2h scores, the 3-pointer, hit, or run percentages, as well as home-away win ratios, can help with placing more successful bets.

Disadvantages of Moneyline Betting

Put simply, the bookmakers will assign a certain price that they think accurately reflects what it should cost the bettor to pick each side to win the game. The closer the price is to “100” (in American oddsmaking), the closer the teams are in terms of competitiveness. When it gets into the -120 to +120 range, it’s just about a “coin flip” — two evenly matched sides. The minus sign means the Chiefs are favorites, so you’d need to bet $180 to win $100 on them. The plus sign shows the Raiders are underdogs, where a $100 bet could net you $160 if they pull off the upset. The moneyline odds formula features positive and negative odds.

Home teams are often expected to prevail, which is why in this example, the WAS Capitals are the favorites when hosting the BOS Bruins. It’s important to remember that betting odds are just an expression of probability. When a sportsbook lays moneyline odds, that’s just the sportsbook saying that they believe each team has a certain chance of winning. That’s why the point spread, also referred to as the runline in baseball and the pucklinein hockey, was incorporated into the betting system. You can have a positive or negative odd, and it’s important to understand the distinction between the two so that you can gamble responsibly. When it comes to moneyline betting, it’s important to officialstakebet.com compare lines at different sportsbooks to get the best odds.

Moneyline Betting Strategies to Improve Your Chances

A Moneyline bet on the NHL works the same way, pick the winner straight up. A Moneyline bet is the simplest and most straightforward type of sports bet, since there are only three possible outcomes. In moneyline betting, two teams or players compete against each other and you need to pick the winner. It is much simpler than spread betting and over/under betting, and can be used to bet on the NBA, MLB, NFL and any other sports.

While the moneyline betting market is common for sports like the NFL, NBA, and UFC, most UK bookies label moneyline bets differently. It’s more commonly known as “Match Winner” for sports like football, basketball, and tennis. Some may label it as “Match Betting” for American football and “Fight Winner” or “To Win the Bout” for UFC and boxing. You need to predict which team or player will win the match.