A moneyline bet is a simple prediction on the result of a game. It is the most common way to bet on baseball, hockey and soccer, but moneyline betting is also popular on certain football and basketball games.
Moneyline Betting Explained
The sports betting sites will issue moneyline odds on each team winning a game after weighing up their relative strengths and weaknesses.
For example, let’s say the LA Lakers have a home game against the New York Knicks. The Lakers have won their last two games and they are starting to build up momentum, whereas the Knicks are coming off a loss and missing a couple of big players.
You might then find the Lakers priced at -130 to win the game and the Knicks at +110. Those moneyline odds tell you that you would need to bet $130 on the Lakers to win $100, whereas a $100 bet on the Knicks would earn you $110.
Implied Probability
The moneyline odds on each team tell you the profit that you will earn from betting on them. It also tells you the implied probability of a team winning.
For example, odds of -130 on the Lakers would give them an implied probability of 56.5%. Odds of +110 on the Knicks gives them an implied probability of 47.6%.
You therefore know that the Lakers are the favorites and the Knicks are the underdogs.
Placing a Moneyline Bet
On most games, you have two moneyline outcomes: home win or away win. If you are betting on soccer, there is a third potential outcome – the draw (tie). A tie is also possible if you are betting on hockey without overtime.
Just decide how you think the game will pan out and click on the corresponding moneyline option to add it to your betslip. You can then type in your bet amount and place the wager.
