Sports News Blitz betting and casino guide: What is moneyline betting?
Moneyline betting is a straightforward form of sports betting where you wager on which team or individual will win a particular game or event.
It’s one of the most common types of bets, particularly in sports like soccer, basketball, baseball, and hockey.
Here, Sports News Blitz offers a useful overview of the popular strategy.
How moneyline betting works
No Point Spread: Unlike point spread betting, where the margin of victory matters, moneyline betting focuses solely on the outcome of the game.
Odds Representation: Each team or player is assigned odds that represent their chances of winning. These odds can be expressed in different formats such as American odds (+/-), fractional odds (e.g., 3/1), or decimal odds (e.g., 4.00).
Positive and Negative Odds: In moneyline betting, you’ll typically encounter positive and negative odds. Negative odds indicate the favourite, while positive odds represent the underdog.
Negative Odds: Negative odds show how much money you need to bet to win $100. For example, if a team has odds of -150, you would need to bet $150 to win $100 (plus your original stake back).
Positive Odds: Positive odds indicate how much profit you would make on a $100 bet. For example, if a team has odds of +200, you would win $200 on a $100 bet (plus your original stake back).
Equalizing Payouts: Sportsbooks adjust the odds to attract bets on both sides of the bet, ensuring that they make a profit regardless of the outcome. This balancing act is crucial to the sportsbook’s profitability.
No Tie Option: Moneyline bets usually do not include the possibility of a tie or draw (except in certain sports like soccer), as you’re simply betting on the winner of the game.
Overall, moneyline betting is a simple and popular way to bet on sports, especially for beginners or those who prefer straightforward wagers without the complexity of point spreads or totals.
READ MORE: Sports News Blitz betting and casino guide: What is point spread betting?
