A moneyline is a type of straight wager where the bettor wagers simply on who will win the contest, straight up – without any spread involved. The easiest way to think of moneyline betting odds is that you are only betting on who wins the game. It does not matter how many points or goals they win by, all that matters is who wins. Today we will talk about betting the moneyline. What is the Moneyline? A moneyline bet.
The moneyline is the most basic type of wager in sports betting. It’s incredibly simple – you just need to choose the team/player to win. If you choose the winning side, you win the money. If your selection loses, you lose your stake. It’s as simple as that!
Due to its simpleness, this bet is used by literally every online sportsbook out there. A bookmaker might decide to leave out some bet types from its offer, like corner bets, half time bets, and so on. However, you can be certain that the moneyline bet is going to be there no matter what.
Apart from being simple, there’s another reason why all sportsbooks have this bet in their offer. The moneyline wager can be used in literally all sports. Football, basketball, tennis, MMA – you name it!
Still, despite the fact that all online sportsbooks have the moneyline bet in the offer, it doesn’t mean all of them are good enough for you. There are some moneyline betting sites that are simply better than the rest.
Moneyline Betting Sites
Finding the best moneyline sportsbook basically means finding the very best sports betting site in the world. And such sportsbooks are good in all aspects, from a user-friendly interface to attractive odds.
Speaking of the odds, I’ve decided to dig a bit deeper into this subject. My goal was to find out which sportsbooks offer the best odds for moneyline bets. After doing thorough research, I was able to pick out the ones you see in the table below.
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What is Moneyline Bet?
By definition, a moneyline bet is the one in which you put your money on the team/player you think is going to win. It basically means picking one side. And that’s exactly what sports fans are doing when watching any game. Even when you’re not betting, you do cheer for one side to win.
For this reason, it’s not surprising that the moneyline bet is the most popular type of wager in sportsbooks. I’m not talking just about online sportsbooks but the old-fashioned retail books as well.
This bet is popular around the world, although it’s not called the same everywhere. In America, the moneyline bet refers to any type of bet that deals with the outcome of the game. In Europe, the moneyline bet is often used synonymously with the match-winner bet.
Furthermore, some European bookmakers used the term moneyline only for betting on the outcome of sports where a draw is not a possibility.
What Is a Two-Way Moneyline?
As its name suggests, the two-way moneyline has only two possible outcomes. You can bet on Team A to win or on Team B.
To explain how this bet works, I’m going to use an example. For this, let’s go to America and focus on an NBA game between New York Knicks and Atalanta Hawks.
If you go with a two-way moneyline bet for this event, you have two betting options before you, namely:
1. New York Knicks to win
2. Atalanta Hawks to win
According to the rules of the NBA, if a game finishes in a draw after the regular time, overtime is played. What this means is that with the two-way moneyline bet, a draw in the regular time doesn’t mean anything.
However, it’s not always like this. There are some sports in which a draw is one of the possible outcomes. For instance, in football, league games that end in a draw, do not go to overtime. So, how does the two-way moneyline bet function in that case?
What if the game finishes in a draw? In that case, the bet is cancelled, and you get your stake back. This makes the two-way moneyline practically the same bet as DNB(draw no bet).
This is the reason why in sports with three possible outcomes, the two-way moneyline is not very commonly used. Instead, bookmakers usually refer to this bet as the DNB. However, this doesn’t mean sports like soccer and similar never have any moneyline bets. They do, the three-way moneyline a.k.a. match-winner is used for those sports.
What Is A Three-Way Moneyline?
Most European sportsbooks use the term match-winner for this bet. However, apart from picking the winner of the game, you also have the option to bet on a draw. This is why I think the three-way moneyline bet is a much more appropriate term.
In American sportsbooks, moneyline is used to refer to the type of bet in which you can pick one of three selections – Team A, Team B, or Draw.
Let’s say Real Madrid is playing Barcelona; these are your potential options for this bet:
- Real Madrid to win
- Barcelona to win
- Draw
But, what if the game is played as a part of Copa Del Rey or some other knock-out competition, in which extra time is played if the score is even after 90 minutes?
What matters with this type of bet is the outcome of the regular time. If the game goes to overtime, it means that those who picked ‘draw’ have won the bet.
Moneyline Bet Compared to Other Types of Bets
Moneyline is similar to several other wager types, like point spread bets and the double chance, but it’s definitely not the same. Each of these bets has its own advantages, and I’m now going to discuss all of them.
Moneyline vs Double Chance
In three-way moneyline, you can bet on a draw. In two-way moneyline, you can’t. If a draw happens, you get your stake back. This makes the two-way moneyline a different type of bet to double chance.
With double chance, you can bet on Team A/Draw, in which case, you win if either your team wins or a draw happens. Your winning is calculated by multiplying your stake with the odds. This formula is used for either case.
For instance, if you’ve bet 100 euros on a double chance bet on Real Madrid/Draw at 1.50 and the game finishes 0:0, you’re going to get €150. The same would happen if Los Blancos won the game.
With the two-way moneyline, your winning equals your stake times the odds. However, you get this only if the selection you’ve backed actually wins. Let’s say you put €100 on Real Madrid moneyline at 1.85. If the game finishes in a draw, you’re going to get your €100 back. If Los Blancos win, you’re going to get €185.
Moneyline vs Point Spreads
What is the spread in betting? Unless you know the answer to this question, you cannot be sure of how this bet differs from the moneyline.
In a nutshell, betting the spread means backing a team not only to win but also to cover the point deficit given by the bookmaker.
Kansas City Chiefs vs Washington Redskins – let’s take this NFL game as an example. You think the team from the US capital is going to win and the bookies agree. Their odds on the moneyline bet are only 1.10.
Obviously, that’s not too lucrative of an option, so you might want to spice it up. Instead of going with the moneyline, you can go with the bet spread.
If you bet on spread Kansas City Chiefs -9.5, you will get much better odds. The only problem is that the chance of winning this bet is not that good as with the moneyline.
For your point spread wager to be a winning one, the Chiefs need to win the game with at least 10 points difference.
Moneyline Odds Explained
In sports betting lingo, the term ‘moneyline’ is not only used for one particular type of bet. It’s also used to refer to a format of betting odds.
The moneyline betting odds are used by default in US sportsbooks, which is why they’re often called American odds.
Unlike decimal odds, with which the winnings are calculated by multiplying them with the stake, the moneyline odds may seem a bit more complicated.
These odds determine potential winnings based on 100 bet options. Of course, you’re not required to make your bets in that amount. Instead, the moneyline wagering odds are just using that number to help the players understand which team/play is the favourite and which one is the underdog.
Speaking of which, the negative number is used for the favourite. It represents the amount you need to wager in order to win 100 euros.
For instance, Kansas City Chiefs -500 means that in order to win 100 euros, you would need to bet 500.
An important thing to remember is that the higher the number next to the minus sign, the bigger the favourite is.
On the other hand, positive numbers are used for moneyline betting odds on underdogs. The number represents the profit you will make if you make a €100 bet on that selection.
For example, Washington Redskins +500 means that if you made a €100 bet on this team to win the game, you would get €500 if they actually manage to beat the opponent.
Moneyline Meaning In Betting Craps
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.