Many experienced punters are familiar with the moneyline principle and how it works. Yet most novice punters do not understand this principle and how to use it to their advantage to make low risk bets that offer high potential gains. There are hundreds of events, tons of different odds on the screen and all sorts of bets that can be placed on these events and odds, which is why sports betting has become more attractive than online casino games. However, things have not always been complicated when it comes to betting on your favorite team. In reality, the moneyline bet is simple enough to understand and can be very profitable even for beginners.
Simply put, a money line bet is a bet on the winner. Moneyline betting is not very complicated. Just predict which team will win a match. If you are right, you win the bet. But if your team loses, then you will lose the bet. It’s as simple as that. No commission is charged by sports betting sites, even if the odds are calculated in such a way that they still make a profit.
What you need to remember about this type of bet is that betting on the favorite does not make it possible to get all your bet back. Otherwise everyone would bet on the favorite, win fortunes every week, and get out of the game quickly! In addition, sports betting sites would be out of business pretty quickly. Therefore, when you bet on the favorite, you must bet more money than your potential winnings. If you bet on the underdog, it’s the opposite.
How does the moneyline work?
A moneyline bet contains two opposite sides. Moneyline odds (sometimes referred to as American odds) refer to the odds types used by US betting companies. These types of odds can be presented in both positive and negative formats.
If the number is positive, the number indicates how much you would earn if you bet $ 100. If two teams play, the loser will have a positive Moneyline score. If the number is negative, it indicates how much you should bet to win $ 100. In an event where two teams are involved, the favorite will often have a negative Moneyline. If the odds are exactly 50% (sometimes called evens), the Moneyline is displayed as +100. Which means that a bet of $ 100 would bring a profit of $ 100.
Examples of moneyline wagers:
But what are the numbers in the first two columns above? They are the “moneyline” and the bookmakers use them to show that one team is better than the other. If the two competing teams were equal, you could bet $ 100 on any of them and if it won, you would be paid $ 100. If it lost, you would lose your $ 100.
ARI Diamondbacks vs PIT Pirates
The sportsbook site has established the money line at -143 for PIT Pirates and +125 for ARI Diamonds. For this bet, you need to bet $ 143 on PIT Pirates to win $ 100, while if you bet on ARI Diamonds, you must bet $ 100 to win $ 125.
DET Tigers vs BOS Red Sox
For this match, the sports betting site has established the moneyline at -240 for BOS Red Sox, and DET Tigers, as an underdog, is at +205, which means you could win $ 205 by betting $ 100. Larger numbers explain the larger margin.
Betting on the underdog can save you a lot of money with a small bet. By combining bets on the moneyline and putting your winnings back into play, you can make a good profit with a small investment.
If you regularly bet on underdogs at +400, you simply need to earn 20% of your bets to get your money back. With lower odds, you need more bets, but even underdogs rated at +150 require a 40% win percentage to level your winnings.
Remember that there is no commission on the bet, you win each bet entirely.
Thus, the next time you think an underdog is capable of winning a match, place a moneyline bet on that team rather than a spread bet. It can pay big money. If you are not sure the underdog will win, split your bet into a spread bet and a moneyline one, so that you can get your money back thanks to the spread bet even if your team loses; and if it wins, you will win both bets.