by
Reviewed by
Fact checked by
Do you know what moneyline betting means for bettors? It’s one of the most common types of bets, so it’s time you mastered it! And while you’re in the mood for acquiring new information, you should also take a look at the rest of our betting guide!
A Moneyline bet is the simplest and most straightforward type of sports bet, since there are only three possible outcomes. In moneyline betting, two teams or players compete against each other and you need to pick the winner. It really is that easy! It is much simpler than spread betting and over/under betting, and can be used to bet on the NBA, MLB, NFL and any other sports. Remember, your moneyline bet must win to get a payout.
Interpreting moneyline bets can be tricky for newbies. For this reason, we’ve produced a comprehensive FAQ section to serve as an introduction for this type of sports betting at a sportsbook. By following our suggestions, you’ll secure a better payout with lower risk.
What Does Moneyline Mean?
Moneyline is a form of a sports bet that bears no resemblance to a prop bet. In moneyline, bookmakers or oddsmakers set the line based on implied probability. For example, imagine the Kansas City Chiefs were facing the Buffalo Bills at home, and the American odds would had the NFL Moneyline at -145 in favor of the Bills, who will be contenders for Superbowl LX. You can get different Moneyline odds if you shop around with different sportsbooks or betting sites like Draftkings, Fanduel, Caesars Sportsbook or BetMGM for sports betting odds or betting options.
By betting the Moneyline for your sports betting on NFL, soccer, or combat sports like Mixed Martial Arts, you have a third possible outcome: a draw. Some online sportsbooks include draws as an option, whereas others will have ‘draw no bet‘. In this scenario, all bets are returned.
At MyTopSportsbooks, we will simplify the sports betting mystery of Moneyline betting with our handy guide on Moneyline betting strategies. We want to address FAQs for Moneyline betting and take the point spread out of the equation. Remember, your objective is to pick a win, a loss, or a draw.
The matchup determines everything for your Moneyline wager, and the betting odds are set accordingly by the oddsmakers at an online sportsbook. Sports bettors will decide where to place their bets depending on the types of bets they place or the best betting odds available.
What Should I Know About Moneyline Betting and Moneyline Odds?
A Moneyline bet can come with three different segments that are integral to the result, and it is vital that you understand the components to make an informed sports bet.
Moneyline Favorites in Sports Betting
The favorite doesn’t require much explaining. This refers to the player or team who is most likely to win in a given contest, be it the NBA or NFL. For example, a Moneyline odds favourite might have betting odds of -150. If you bet the favorite in the matchup, you must wager $150 to win $100 for a total payout of $250 for your Moneyline bet. When reading the Moneyline odds at MTS, you will know that the favorite is always represented with a minus sign before the odds for Moneyline sports bettors. A Moneyline bet on the NHL works the same way, pick the winner straight up.
The Moneyline Underdog in Sports Betting: a Positive Number
The ‘dog’ is the team or player that is deemed unlikely to win the contest that is in play at your online sportsbook. An underdog can have odds of +150, using $100 as a Moneyline bet; the return on a winning bet is $250. You win $150 based on the odds (+150) and the original $100 bet on the underdog. The underdog is denoted on the odds with a plus sign before the odds.
Pick ‘Em or Even, Sports Betting, Moneyline Bet
When you encounter this situation, the sportsbook has decided the teams or players competing are of equal ability, and either can be victorious when all is said and done. When betting in this situation, the bettor can win the same amount betting on either team wins With our $100 example – betting on a PK or EV game – will return $100 for a total of $200. You will see EV, PK +100, or a combination of designations on the line.
Three results from a Moneyline bet
The Win
A bettor will hold a winning bet when they correctly predict the outcome of a Moneyline bet. More often than not, they simply pick who they think will win. Some online sportsbooks also include draws as an option, which is a common outcome in sports such as soccer and combat sports.
The Loss
A bettor will lose their bet when they don’t predict the correct outcome of a game. The bettor will also lose if a combat sport is called a draw or a soccer game ends in a tie and they bet on one of the sides to emerge victorious.
Draw No Bet
In this circumstance, a draw-no bet means that the sportsbook doesn’t offer a draw as a result of the game. Your choices are win or lose for the teams competing. This is common when betting on European soccer when the Moneyline only offers two outcomes. If a draw is the game’s result, the original bet is returned, and the game result is called a push. If a draw bet is offered on the Moneyline, a tie must be the end result for the bettor to win their wager.
Moneyline and Point Spread
Both types of bets are related, but the Moneyline offers a better payout as opposed to a point-spread bet. Looking at a bet this way: when betting on a matchup, the betting odds on a 3-point favorite (-160 Moneyline) will see a better payout for sports bettors than picking a 7-point favorite (-350 Moneyline). If you are betting on the NFL, a 3-point favorite is -160, and the underdog is +135 – a small gap between teams. As the point spread grows, a 7-point favorite is -350 on the Moneyline, and the underdog is +285. Betting a 7-point favorite requires a bigger bet to obtain the same return as betting the Moneyline at -160.
Get a bet Down with MTS
Now that you understand the ins and outs of Moneyline betting, we at MyTopSportsbooks invite you to visit our partner websites to place your Moneyline bets. Don’t forget, gambling is entertainment and never bet more than you can afford to lose. May all your picks be winners, good luck.
Best Offshore Sportsbooks 