How To Bet the Moneyline in Sports Betting
What is the moneyline bet?
One of the most popular forms of sports betting is the moneyline, which is a simple and straightforward way to bet on the outcome of a game or match. In essence, the moneyline represents the odds of a team or player winning, and it allows bettors to place wagers on who they think will come out on top.
To bet the moneyline, all you have to do is pick the team or player you think will win and place a wager on them. A negative number represents the favorite, while a positive number represents the underdog. For example, if the odds for a team are -150, it means you would need to bet $150 to win $100. If the odds for an underdog are +150, it means you would win $150 for a $100 bet. In other words, a negative number means you have to risk more money than you could potentially win, while a positive number means you could potentially win more money than you risk.
| Moneyline | Wager | Win | Collect |
|---|---|---|---|
| -150 | $150 | $100 | $250 |
| +150 | $100 | $150 | $250 |
You will often see "Win" and "Collect" when you place a wager. Win is how much money you "won" not including your wager. Collect is the wager plus the win amount.
They moneyline is also referred to as American odds. You will mostly see negative American odds when you bet the spread or overu/under. Typically around -110.
This can be hard to wrap your head around at first but once you do it a few times it will become more natural.
⚠️ Remember:
- Negative number, bet more to win less
- Positive number, bet less to win more
One of the benefits of the moneyline is that it is a simple and easy way to get started with sports betting. You don't need to worry about point spreads or complicated betting strategies; you just need to pick the team or player you think will win. However, it is important to note that the odds for the moneyline can change over time, especially if there are significant changes in the teams or players involved. As such, it's always a good idea to stay up-to-date on the latest news and developments in the world of sports to make informed betting decisions.
If you feel comfortable with the Moneyline, you can move on to the next article: How To Bet The Spread