Money line betting is probably the most common type of bet that punters place both online and at local bookmakers. It involves simply picking the team that will win the game. This seems simple enough, but when you get down to the nitty-gritty of it, you realize that there are actually some conditions that must be met in order to collect on this type of bet.
Our Sports Betting 101 Money Line Betting guide will help you understand in detail how money line betting works and how players can win by placing a money line bet on sports. Betting on a sport like football, boxing or tennis means picking the winner of the contest to win a moneyline bet. Find the best Money Line sports betting sites in Kenya below and place your bet today!
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Great Introduction for Beginners
Betting on the money line is a great way to introduce someone to sports betting. To bet this way, you have to pick which team you think will win the game. It's a straightforward strategy, and one that works well for newbies trying to get their sea legs in the betting world. Unlike some of the options listed above, betting on the money line forces you to take a side.
Unlike other types of bets, such as point spreads or over/under bets, money line bets focus solely on which team will win the game. This makes it a great place to start for people who find the technical parts of sports betting intimidating.
Plus, when you participate in money line betting, it makes watching the game twice as much fun. Whether in the company of friends or virtually with the team's most ardent fans, watching your team and yourself win is one of the most exciting moments a person can experience. But when they triumph after you've placed a healthy bet on them, the euphoria doesn't just end there. Your wallet may be happy as well.
What Does Moneyline Mean in Betting?
The primary betting market at sportsbooks around the world for all different types of sports is represented by money line odds. Moneyline bets are based on the format of the odds as they are displayed on a sportsbook's website. Money line bets are the simplest bets that can be made. Sportsbooks that use the American odds format will display their moneyline with either a positive or negative number. In order to place a bet in this betting market, you must first understand how to read the odds.
Moneyline betting is a type of sports betting where you pick which team will win the game without spreading the points. Teams are defined as those expected to win when they are called favorites, and those expected to lose when they are called underdogs. Betting on a favorite usually means you're betting on a winner and expecting to get back less than you put in. Betting on an underdog means you're likely to win and get back more than the amount you bet.
The teams that are expected to win the game are marked with a minus sign (-) and are called the favorites. They are also known as "money line favorites" or "line favorites". When you bet on a moneyline favorite, your return will be less than what you originally wagered (in most cases). The reason your return is less than what you bet is because you took the safe route and didn't bet on the team that is likely to lose (which has a higher payout). Here's a look at the line favorites and the price you pay to bet on them.
Betting Moneyline Favorites
Discretion is used by online bookmakers to determine game favorites. However, they can also be influenced by public perception. As a result, in some cases, the distinction between the favorite and the underdog can seem a bit fuzzy. When it comes to money line betting, the safest and most sensible bet to make is on the favorite. The payout simply isn't as exciting, especially when compared to betting on an underdog with a decent chance of winning. If you are handicapping the entire slate of games, picking the underdog as the most likely upset scenario will give you more bang for your buck.
Betting Moneyline Underdogs
Teams that are predicted to lose are called underdogs. These teams may not be able to compete with their opponents when it comes to experience, winning history, or star players. Betting on underdogs usually pays much better than betting on the expected winners, again because you're betting against the public.
Benefits of Moneyline Bets
Curious about money line betting and what makes it so popular? With a Money Line bet, you simply pick which team or individual you think will win. It's that simple! And as far as action goes, you can't beat it. A Money Line is there for you to play every time an underdog takes the field, the court, or the ice - every time, of course, the bet has value. And because we can play the Money Line in linear progression, any risk we take is a fraction of the risk we take with other forms of sports betting.
Betting the Moneyline at an Online Sportsbook
Betting on the Money Line is a great ploy for anyone looking to increase their chances of winning big. Moneyline bets are simple; all you have to do is say which team will win the game. To hit more winners, look for online sportsbooks that offer parlay insurance and take advantage of the increased odds that these parlay bets offer without having to worry about losing your entire bet if one leg doesn't hit.
Betting on the money line means betting on a single game rather than more complicated forms of betting such as parlays, which combine several different outcomes. Many online sportsbooks offer parlay insurance, but it is usually only available for certain types of bets, such as same-game parlays or classic parlays that contain three to four betting legs. In addition, this service may only be available once a day or once a week.
Moneyline betting is a type of gambling that requires players to not only pick the outcome of a game or event, but to do so without the use of pointspread or other handicapping. It is through moneyline betting that players have access to parlay insurance, which gives them their refunds if their bets don't pay out. However, these refunds are always in the form of site credits, which must be converted back into currency via a handle requirement set by the bookmaker. This requirement measures the amount of money wagered on their book, but does not count the amount of money won.
One of the most popular sports betting strategies is money line betting. What's not to love? You are betting on the team or side to win outright, and there is no need to consider anything else, such as the point spread. In order to collect on a Money Line bet, you must meet a very favorable 1 x wagering requirement.
Is it better to bet moneyline or spread?
Betting on the Money Line is a simple yet popular form of betting. With this strategy, you are betting on a team to win outright, regardless of the multiplier used to determine if your bet was a winning one. For example: Take the 2020 World Series as an example: If you had placed a money line bet on the Los Angeles Dodgers to win the event outright, you would have received a payout on that bet at a rate slightly below even money (1.88 on a scale where 2.00 is even). Since the event took place in Major League Baseball, a payout of 2.00 (or a 50.00/50.00 split) would have been a more typical scenario using the Dodgers' rivals, the Tampa Bay Rays, as the opposite side of this bet.
Moneyline betting involves placing a bet on which team you think will win the game, regardless of the point spread. The payout on Money Line bets is directly related to the probabilities of the teams winning. The higher the odds you take, the lower your chances of winning.
Moneyline Betting Tips
Comparing money line lines at different sportsbooks is essential when making money line bets. You want to find the best odds and ideally the best line. Even if you think the price is right, always look around before putting your money down. Why the emphasis on "price"? Because even a small difference in price can mean a big difference in profit.
In order to make more money on money line bets, you need to look for the best odds and target favorites with odds between -150 and -250. Doing so can help increase your return and, more importantly, lead to large net winnings. Remember, upsets not only can, but will happen, and you need to be prepared for the wild times when your bet doesn't go as planned.
To increase your chances of success with money line bets, a wise strategy is to consider those you might not expect to come out on top. Underdogs can be a smart play. For moneyline parlays, it's best to focus on individual moneyline favorites rather than multiple underdog picks to spread the risk. Each bet you add to the parlay makes it harder and harder to win.
If you want to bet successfully with a Money Line, the first thing you should consider is using a Money Line Calculator. What this tool does is help you find the best possible opportunities in the market to place your bets. (More on this next.) When market opportunities are found, the calculator allows you to figure out what your implied probability of winning is for a given bet.
Is Betting the Moneyline Smart?
People who place bets often want to know if they should place money line bets. It's a common question, and no matter how many different ways you ask it, the answer is always the same. You can make money line bets worth your time and effort by increasing your total stake and betting on the teams/individuals that are favored to win. Or you can use the money line to predict an upset and put your money on the underdog for a big payout.
In many situations, our knowledgeable tipsters suggest that bettors choose to place money line parlay bets. This involves placing multiple teams on your ticket that you believe will win their respective games, resulting in a larger payout than if you had simply placed a straight bet. In addition, you can increase your odds and your rightful claim to richer payouts with Money Line Live Betting, where you place your money on specific teams in the middle of a game when the advantage you have as a bettor is almost insurmountable.