When you start betting on sports, the first type that comes into mind is the moneyline. The best thing about moneyline betting is that you only need to pick which side wins the fight, game, or race.
If moneyline sounds like a foreign language to you, you’re on the right page. Next, we will tackle what moneyline bets and other things you need to know about them. Also, one thing to keep in mind is that you are simply choosing the winner of the game.
Guide to Moneyline Betting
To make a moneyline bet, you need to click on the moneyline number of the team you think will win the match. For instance:
Team A -125
Team B +125
If you think Team B will win, then click on -135. The sportsbook will add the pick to the bet slip, and you can choose the amount you want to risk on the moneyline bet. Also, sportsbooks usually have a maximum amount for each wager. Then, you wait for sports betting news about the game results.
The numbers next to the team names of the moneyline indicate their implied probability. Also, they determine how many winnings you can get based on the amount you risked. In addition, the team with the negative odds is the favorite. On the other hand, the team with the positive odds is the underdog.
According to eSports betting tutorials, there are cases in which both sides have negative signs. If that is the case, the team with the more significant number is the favorite. For instance, the one with -135 is the favorite over the team with -110 odds.
To know how much your winnings will be, let’s go back to our example above. If you bet $100 on Team B at +125, you’ll win $125 for a total payout of $225. On the other hand, betting $125 on Team A at -125, you’ll win $100. So your total payout is $225.
You don’t need to be a player to learn about moneyline. However, it is also one of the things you need to know when you want to learn how to become a bookie.
