Moneyline markets are a type of bet whereby the customer simply attempts to predict which team will emerge victorious in the contest. There is a reason that it is the most favored market bet on for the most, if not all, sport and that is due to the ease.
It's not complicated when clients make their picks for events in any sport. The objective is to select the winner of the next event, simple as can be.
Keep in mind our moneyline betting guide! Sportsmemo provides moneyline picks in our free picks and premium expert betting picks sections throughout the year.
Moneyline Betting Example
The odds for both sides are a negative or positive number that will be the favorite or the underdog. An example of money line is provided below for a football game, but the team names could be replaced with teams of any sport and the rules are identical.
Let's say money line odds for the Jacksonville Jaguars are +200 and for the Cincinnati Bengals are -250. The customer would be required to wager $250 to win $100 for the Bengals, but a customer waging a bet on the Jaguars would win $200 for every $100 wagered.
Advantages of Money Line Betting
The simplicity of money line bets is a major draw to new, intermediate, and experienced players alike. There is no confusion at any point a customer finds himself or herself in the process of sports betting regarding what needs to happen in order to place a money line bet.
Picking a winner on an underdog money line is highly rewarding. Betting an underdog with the spread attached to it is a big feat in that the oddsmaker thinks that they are the weaker of two teams, yet still the payoff on doing that right is close to what it is wagered on a straight -110 spread wager.
The good payoffs are what drive customers to place repeat business on taking underdog money lines.
Moneyline Betting Strategy: Line Movement and When To Wager Money Line Bets
Wager early and be ready to wager again. Possessing a general idea where trends will change, and where the game line will settle can be helpful in using the money line markets. The Philadelphia Eagles are narrowly favored against the Kansas City Chiefs.
If a bettor feels the public is going to swamp the Eagles beating the Chiefs, better to get a wager in early in the week on the Eagles. Public money and the number of bets that the public makes on the Eagles might push the money line price up from the initial release.
Moneyline Betting Strategy: Finding Value – Shop Around For Money Line Prices
This requires a little more effort than being at one sportsbook app, but money line price line shopping is also an activity worth doing for long-term betting. Instead of waiting around for lines to shift in or out of a customer's direction, the price they are looking for may be on another sportsbook app.
- Not every line is the same, and it becomes the responsibility of that specific sportsbook app to determine the odds of a game.
- The goal of the sportsbook is to take equal money on both sides of a game, and each book will vary in the amount of money being bet.
- Number-one to success here is an understanding of what value is and how and when to capitalise on it.
- Finding markets paying out more highly than other sportbook is one easy method to provide value to money line gambling.
A customer can win more bets than they lose but still be losing money. On the other side of things with money line betting, a customer can lose more bets than they win but be profitable with disciplined underdog betting.