Betting on platforms can have easy strategies. The process is not always as complicated as it seems. One of such strategies is Moneylines. It’s a beginner-friendly way to bet. Players don’t need strategies to win. It is a common betting method for sports betting.
If you are new to betting, let’s start with understanding Moneylines. This blog is your step-by-step guide to understanding how to Moneyline bet right away.
What Is a Moneyline Bet?
A moneyline bet is a simple strategy where you bet on one of the two presented teams. The player can choose a team they think is more likely to win. You bet the results are the same as your team’s performance.
Moneyline bets are commonly used in:
- Football
- Basketball
- Baseball
- Hockey
- Soccer
- Tennis
- Boxing
Because of their simplicity, moneylines are perfect for beginners.
Understanding Moneyline Odds
Moneyline has simple odds with only 2 options. Moneyline odds are represented using signs. You will find either positive or negative odds.
-
Negative Odd
It shows how much you have to bet to win $100. Negative odds show the favourite.
Example: Team A: –120
This means you bet $120 to win $100. The higher the -ve number, the better the return.
-
Positive Odd
This shows the profit you will make on a $100 bet. Positive odds are the underdog.
Example: Team B: +150
This means you bet $100 to win $150.
The higher the plus number, the bigger the risk, but the winning will be higher as well.
Step-by-Step: How to Bet Moneylines
Step 1: Pick your game and sports to bet on
Begin by choosing the sport to place your bet. Pick a game you know or watch regularly. It helps you to place the bet with more chances of success. Start using a simple sport. Find the game and the match you want to bet on.
Step 2: Check the Moneylines
Once you open the match, you will see moneyline odds.
Step 3: Decide Your Bet
It is the key decision. Pick a team and bet your wager.
Pick the team after assessing:
- Who is in better form?
- How have they performed recently?
Step 4: Enter Wager
After selecting your team, place your bet amount. The betting platform will automatically show:
- Potential winnings
- Total payout (bet + profit)
Always bet an amount you are comfortable losing.
Step 5: Place the Bet
Double-check your selection and bet the amount. Once everything looks good, place the bet. Now all you need to do is wait for the match result.
Example of a Moneyline Bet
This is a sample to help you understand. Suppose it is a match like the one given below.
Team A -120 vs. Team B +150,
Remember:
- Team A -ve. This means it is my favorite.
- Team B is +ve. This means it is the underdog.
Results can be either of below:
- If Team A wins, it will pay you $100 profit with an additional $120 that you used to bet.
- If Team B wins, it will pay you a profit of $150 with the $100 you bet.
Advantages and Disadvantages of Moneyline Betting
Advantages:
- Simple to Understand
- Easy to learn
- Available in Many Sports
- Used for both single bets or combine them in parlays
Disadvantages:
- Lower returns on favorites
- Higher stakes for smaller returns
- Limited strategy options
Common Mistakes to Avoid While Betting
Avoid the simple errors stated below. It will help you play longer and lose less.
- Betting without a spending limit
- Ignoring underdogs completely
- Placing bets without research
- Chasing losses after a bad bet
- Betting based on hype or emotion
Conclusion
Moneyline betting is one of the best ways to start your sports betting journey. It is simple to understand and offers you amazing returns for your bets. By learning how moneyline odds work using our guide, players can bet responsibly and ensure easy sports betting. Casinos Betting offers you the latest game updates and reviews to keep you aware of their performance. It can be used to make better betting decisions on our moneyline bets.
FAQs
Q1: What is moneyline betting?
A: Moneyline betting is a simple betting strategy. It requires players to bet on one of the two presented teams with different returns.
Q2: Is moneyline a safer option for new bettors?
A: Yes, moneyline betting is easy to understand for new players. This is the reason it is considered safer for new bettors.
Q3: What is Minus odd?
A: Minus odds show how much you must bet to win $100. It is safer and termed as favourites.
Q4: What is a positive odd?
A: Positive odds show how much you’ll win if you bet $100. It is called an underdog.
Q5: Which sports have moneyline betting?
A: Moneyline betting is available in multiple sports. Most popularly used sports are football, tennis, and MMA.
