How to gamble your moneyline, the best way playing odds work
What Is A Moneyline Bet? Explainer With Examples
Speaking of close games, you’ll come across many of these on the odds board regardless of which sport you’re focused on. When evenly-matched teams square off, it can be close to a toss-up in terms of which side will win. Balance is a big key with moneyline betting, and the ultimate return on investment is the bottom line to focus on. Some of the wagering opportunities you’ll come across are a bit on the advanced side, but there are also ones that are straightforward and easy to wrap your head around.
If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win. If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. A teaser is a bet that alters the spread in the gambler’s favor by a predetermined margin – in American football the teaser margin is often six points. In return for the additional points, the payout if the gambler wins is less than even money, or the gambler must wager on more than one event and both events must win. At some establishments, the “reverse teaser” also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins.
Not only can you get long odds on underdogs or favorable lines on expected winners, but you can also find lines that don’t match up with your expectations. To make sure you don’t miss any of those opportunities, wager on the go with the best sports betting apps. A lot of hockey games, even when one team is a big favorite, are decided by one goal. This plays a massive role in hockey moneyline betting and makes any game winnable for either side, especially with a hot goalie. You can easily see 3-way moneyline bets because they will list an extra line of betting choices. You will see an option to bet on either side and then below it an option to wager on a draw.
For example, let’s imagine over the course of the season you were to pick 100 three-point underdogs to win straight-up at a money line of +150. In this scenario, you would only need to win 40% of those games to break even. What you may have noticed is that if you can successfully pick underdogs to win straight-up, you can win a lot of money without risking nearly as much. And, if you combine money-line picks into parlays, you can really hit the jackpot with a small investment.
Another thing to consider when placing moneyline bets online is how much a sportsbook is willing to offer you as a bonus and what format the bonus comes in. Now that we’ve gone over what moneyline bets are, let’s take a look at how they work in action. Let’s say you want to put a wager on a baseball game between the Astros and the Cardinals. Also known as pick’em , a 0 point spread occurs when there is no clear favorite or underdog in a game.
Let’s take a hypothetical NFL point spread to illustrate how a line can move from the opening of a betting line to the kick-off of the game. For “+” American odds, divide the odds by 100 and convert that quotient into a fraction. To convert +160 into fractional odds, for example, divide 160 by 100 (160/100) and reduce that fraction to the lowest whole number denominator. American odds of +160 would convert to 8/5 fractional odds. Even if you’re a veteran sports bettor, running every bet you’re considering through the calculator provides significant benefit.