Moneyline betting is a popular form of wagering at reliable US sportsbooks and casinos. It offers gamblers the opportunity to bet on a team to win or lose, regardless of the point spread or spread. You can use moneyline betting as a marginal alternative to parlays, teasers, and other exotic wagers. Moreover, you can use it as the main basis of a sports betting strategy. Learn more on how to place a Moneyline bet on a sportsbook below:
What is a Moneyline bet?
A moneyline, also known as a straight bet, is a simple wager on the outcome of a sporting event. The moneyline is offered in American and Canadian sports such as baseball, hockey, basketball, and football.
In a moneyline bet, you are betting on which team will win without specifying which team will cover the point spread. A favorite is simply the team that you expect to win the game. For example, in the case of the San Francisco Giants versus the Los Angeles Dodgers in baseball, you would bet on one team or another depending on which team you expect to win.
If you bet $100 on the San Francisco Giants winning their game against the Dodgers at -150 odds (1/2), it means that if they do win, you will receive $100 back plus your original stake ($150 total). However, if they lose, then your bet loses, and you lose $100 altogether.
Sportsbooks with Moneyline bets
The first step in placing your moneyline bets is finding a trusted and reliable online gambling site. Here is a look at some top sportsbooks available:
How to place a moneyline bet
Below is a step-by-step guide on how to place your moneyline bet:
The relationship between moneyline and spread bets
Moneyline is a term that refers to the price for a single event. For example, if you place a bet on Team A to win the game against Team B, you would have moneyline odds of 2.0. If you won, you would receive $2.00 on every $1.00 wagered. Spread betting is essentially the same thing as moneyline betting. The only exception is that you are betting on an outcome of multiple events instead of betting on a single event.
For example, if you want to bet on Team A and Team B in a soccer match and think that Team A will win by more than 1 goal and Team B will lose by more than 1 goal, then you would have spread bets of +1 for Team A, -1 for Team B (+1) and (-1). The important thing to remember about spread bets is that they reflect an outcome over multiple events rather than just one single event.