How to bet this moneyline, how betting odds operate
Moneyline Bets Explained
So while you might want to back the favored Cowboys at -115 on Monday, come Thursday that might have moved to -125, meaning that you get less payout for the same wager! For this reason Money Line betting can be one of the most exciting and tantalizing betting options available to Canadian online sports betting fans. Now that you’ve had moneyline betting explained, it’s time to find a sport to bet on. It’s good moneyline betting strategy to carefully choose sports to gamble on. We also recommend you open multiple sportsbook accounts so you can find the best odds.
The moneyline bet is a straight-up wager on who wins a game, fight, or any other matchup. The numbers let bettors know the payouts associated with betting each side of the game. The positive number is the payout amount that a winning bet will receive on a $100 wager. The negative number is the amount that a bettor must wager in order to win $100. Moneylines are one of the most common types of bets in sports betting. Few, if any, sportsbooks do not offer moneyline wagers to their customers.
(By “purchasing,” we mean you will get a lower potential payout, for example, going from -105 to -120.) You can then use that half-point to “move the spread” in your favor. So, if you liked a +3 underdog, you could adjust the spread to +3.5; and if you liked the favorite, you could move it from -3 to -2.5. The handicapping and odds information found on SportsBettingDime.com is strictly for entertainment purposes. Furthermore, the unique odds we produce in select news articles are also for amusement, and are not available to be wagered on.
Check out our sportsbook bonus guide for more info on betting with bonuses. If the $135 bet on the -180 favorite wins, your payout will be $210 ($135 initial bet plus profit of $75) while the free-bet loses and goes to $0. Multiplying this result by 100 gives us a percentage value of 64.28%.
The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited. The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. Odds Shark does not target an audience under the age of 18. Please visit gambleaware.co.uk or gamcare.org.uk for guidelines on responsible gaming.
A $50 bet on the Dodgers at -165 odds would yield $30.30 in profit. The $50 wager would return $80.30 to the bettor ($30.30 profit plus the original $50 bet). This betting type may result in significant profits in the long term if you stick to a couple of principles.