Moneyline bets

Table of contents

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:

  • Unibet Sportsbook – Unibet is one of the best sportsbooks, with many great offerings and a solid reputation. They have a wide selection of sports to bet on, including football, basketball, and soccer. The odds are typically very good, and they offer some nice promotions throughout the year to keep things interesting. They also offer a great mobile app for smartphones and tablets. One of the unique offerings at Unibet is its moneyline bets. These bets are available on all sports except football (American football). With this bet type, you can pick a team to win without worrying about points scored or goal differential. You choose whether you think the team will win or lose — simple as that.
  • BetMGM Sportsbook – BetMGM Sportsbook is a sportsbook with a great track record of paying out promptly. It offers moneyline bets on all major sports so that you can place your wagers on both sides of the action. BetMGM Sportsbook allows players to place moneyline bets on most major sports, including football, basketball, baseball, golf, and tennis events. They also offer odds on popular international competitions such as the Olympics and World Cup soccer matches.
  • BetRivers Sportsbook – BetRivers is one of the best sportsbooks for moneyline bets. They offer a wide array of sports to bet on, including football, basketball, and baseball. If you’re looking for a sportsbook with moneyline bets, BetRivers is your best bet. The site remains active for years and has been operating smoothly since its inception. Their website is easy to use, and their customer support team is available 24/7 to assist you with any issues or questions that arise during your betting experience.
  • Caesars Sportsbook – Caesars Sportsbook is one of the most well-known sportsbooks on the internet. It has been active for years while offering a wide range of betting options. Caesars is especially popular for its moneyline bets. This is one of the easiest ways to bet on sports. This is because all you have to do is pick the winner of a game and the amount you want to bet. The odds are available by how much each team expects to win. Therefore, they can be very high or very low depending on how much value the bookmaker sees in each team.
  • Tipico Sportsbook – If you are looking for a sportsbook with moneyline bets, look no further than Tipico Sportsbook. This is a great site to bet on your favorite team or individuals. The site offers a great variety of sports and events to bet on, including horse racing, tennis, golf, etc. The Tipico Sportsbook has a great reputation for paying out winners quickly (within 24 hours) and without issue. They also offer some of the best betting options available with their live betting feature. Hence, you can place bets while an event is happening.
  • PointsBet Sportsbook – PointsBet Sportsbook is a brand new sportsbook launched in the United States. PointsBet is owned and operated by the same people who run the popular online casino, Casino Classic. PointsBet offers moneyline bets, one of the most exciting types of wagers you can place on sports. Moneyline wagers are simple: You’re betting on a team to win or lose. There are no points, spread, or anything else involved. These bets are great for casual bettors who like to watch their teams and gamble every once in a while. PointsBet has an extensive list of sports to bet on, from golf and tennis to MMA and eSports. They also have live betting available for many sports!
  • DraftKings Sportsbook – DraftKings Sportsbook is an online sportsbook owned and operated by The Stars Group, the parent company of PokerStars. DraftKings Sportsbook operates in the United States and is one of the leading sportsbooks in the country. DraftKings Sportsbook is one of the best online sportsbooks, and it offers moneyline bets. This includes various options in both football and basketball, along with other sports like baseball, golf, and soccer. You can find great odds on popular teams like the Golden State Warriors or New England Patriots.

How to place a moneyline bet

Below is a step-by-step guide on how to place your moneyline bet:

  1. Join or log in to your sportsbook – Once you have found the best site for you, it’s time to join. It’s simple and easy. Just follow the instructions in the sports betting app, and you will be ready to place your bet.
  2. Find 2 teams that are playing each other – To place a moneyline bet, you need to find the two teams playing against each other. The easiest way to do this is by using a sports odds comparison tool. After finding the two teams, click on them, and they’ll appear on the left side of your screen. All you need to do is click on the moneyline odds for either team (or both) and enter how much you want to bet!
  3. Research the teams, and analyze the odds – Don’t decide which team is going to win just because of their name or reputation. Instead, look at what kind of season each team has had so far and how well each player has performed individually. If one team has been playing better than another all year long, it’s worth considering them when placing your bet instead of disregarding them as an underdog or favorite because they aren’t as well-known as other teams in the league.
  4. Pick a side to win – Choose the team that you think will win the game. For example, if you want the home team to win, you would pick “Home” as your selection. If you want the away team to win, choose “Away.” You can also bet on a tie game by choosing “Tie.”
  5. Place a wager on that team – Place your wager by entering the amount of money you wish to bet and choosing whether it should be a straight-up or parlay bet. In this example, you will be placing a $100 straight-up bet on Dallas Cowboys -120 odds (the -120 means that if you win, your bet will pay 12x its original amount).

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.

FAQ

Do you double your money on moneyline bets?

No, you don’t double your money on moneyline bets. The odds for a moneyline bet remain fixed. Therefore, you don't get paid more for winning. But what if the odds are wrong? What if the Green Bay Packers are a 5-point favorite over the Detroit Lions, but in reality, they're only a 1-point favorite? That's where value betting comes into play.

Should you always pick the favorite on a moneyline bet?

No, you shouldn’t always pick the favorite on a moneyline bet. There are some circumstances when it's smart to take the underdog, and others when you should take the favorite. However, there are situations where it's best to avoid laying massive juice on an underdog. That's why it's important to understand how bookmakers set their lines.

Can you place a moneyline bet on every sportsbook?

No, you can’t place a moneyline bet on every sportsbook. Some books don't take Moneyline bets, while others only accept them on specific sports or events. Try another one if you're looking for a particular Moneyline option and can't find it at your preferred bookmaker.