Online sports betting has been around for thousands of years — almost as long as sport itself. One of the first type of bets to be introduced was the moneyline bet, and is arguably the most basic of bets available. You are betting on whether certain outcomes would happen or not, like whether Team A or B would win straight-up.

Understanding how moneylines work is also essential if you want to figure out point spreads, props and all the other ways you can get your money down at Bovada. Or, how do moneyline bets work? Well, you are in luck.

This article explains all you need to know about moneyline betting and it only takes a few minutes to get the basics down. Moneylines are a form of fixed-odds betting, where the odds you get at the time of your wager are the same odds used to calculate your payout when you win.

Opening moneyline odds are posted for an event before it starts, usually well in advance so that people have time to place their wagers. There numerous factors that can cause the odds to move up or down, such as breaking news or strong action in the betting market.

Again, any line moves that happen after you place your bet have no effect on your potential payout. The underdog is the player or team considered less likely to win.

In such a case, bettors would receive the same amount of money for a successful wager on either side. Yes, you can put multiple moneyline sides in the same parlay bet.

But keep in mind that choosing a couple or several favorites, especially heavy favorites, will not yield the same payout as if you were picking sides closer to even or underdogs.

Sure can. The potential payout is based on the pricing of any spread bet s in the parlay. The standard vig on a spread bet is For example you might see on BetMGM and at FanDuel Sportsbook. Your bankroll, your call. The price established on one or other is a function of how competitive or talented each side is — independently and based on the particular matchup.

Put simply, the bookmakers will assign a certain price that they think accurately reflects what it should cost the bettor to pick each side to win the game. Spreads and moneylines and totals are all fluid. Winning long-term is as much about getting the best price and good value, as it is being on the right side.

For example if two people bet on the Chiefs to win the Super Bowl but John bet it one week before the Super Bowl at on ESPN BET and Joe waited until Sunday and got K.

at , Joe is getting the better price and payout, percentage-wise. But that cuts both ways; Packers bettors would be kicking themselves. If so, click those links. Bettors will win their bet when they correctly choose the winning player or team — or a draw if it is specifically offered as a potential outcome.

Bettors will lose their wager when they do not successfully choose the winning player or team. Otherwise, bettors will lose that wager. While the moneyline bet does not include making a pick based on the point spread , it is connected to the point spread in terms of its potential payout.

For example, picking a team that is a 3-point favorite ie: ML will have a better payout than picking a team that is a 7-point favorite ie: ML.

As the point spread increases, selecting the favorite on a moneyline wager requires betting more money to achieve the same return.

Note that the conversion from spread to moneyline varies from sport to sport. A 7-point win in an NFL contest is not quite the same as a 7-point win in the NBA.

The point spread is undoubtedly the great equalizer! Chris Altruda was a sportswriter with ESPN, The Associated Press, and STATS for more than two decades before coming to Better Collective in There are no other contingencies.

To place your bet, all you need to do is click on the moneyline number attached to the team you believe is going to win the game.

If you like Nashville, click on the From here, your pick will be added to a bet slip where you be asked to enter the amount you wish to risk on your moneyline wager. So, how can you tell how to calculate your payout on the moneyline? Check out our BetMGM promo code and DraftKings promo code pages for excellent welcome offers from these top-tier brands.

The ESPN BET sign-up bonus should also not be missed with one of the best promos in the game from a top-tier sportsbook. In this case, the team with the number farther from zero should be regarded as the favorite eg. Because the bet will be harder to win, you will always receive a higher payout when you bet the underdog on the moneyline.

Of course, the risk of losing such a bet is also substantially higher. At this stage, you might be wondering how you can win moneyline bets. Nashville moneyline example. You can find moneyline line odds for virtually any sport, including some of the following leagues:.

Moneyline odds will look similar across the board. The negative number indicates the betting favorite, and the positive number is assigned to the underdog. Handicapping is an important part of strategizing your moneyline bets.

Using analytical research, key betting trends, or any other knowledge that might eliminate any guessing in a bet is called handicapping. Handicapping assigns an advantage to a team based on available evidence and statistics rather than a gut instinct. Beating the oddsmakers is a tough task, but the more research and handicapping you do on betting lines, the better chance you have at padding your bankroll.

Online sportsbooks will adjust their moneyline odds as one side gets more of the action from the betting public.

A team like the Kansas City Chiefs could start as favorites, but as more people bet on them leading up to the Super Bowl, the odds might move to or more.

This could be due to a number of factors, from last-minute injury news to public behavior; if sportsbooks notice a large number of people betting on one team, they will change the odds to create a lower payout, while creating a higher payout for the other team.

This would generally never happen in baseball or basketball, while in football, you would almost always be entitled to a simple refund of your stake.

In soccer, the tie should be accounted for in the moneyline, so if you bet on that, you would win, but if you bet on either team, you would lose. This usually means that a team with minus odds is a favorite, while one with plus odds is an underdog. In terms of payout, plus-odds will yield a profit greater than your wager, while minus-odds will pay a profit of less than your wager.

For instance, if a game is deemed to be exactly even, each team will have odds That way, the house makes more money than they have to pay out if the two sides are wagered equally heavily by the public. If you purchase a product or register for an account through a link on our site, we may receive compensation.

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Boston Celtics forward Jayson Tatum 0 drives to the basket while Los Angeles Lakers forward LeBron James 6 defends during the first half of an NBA basketball game Tuesday, Dec. Moneyline betting by sport.

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What are the benefits of betting on the moneyline? Can you make a parlay of moneyline bets? Moneyline Betting FAQ. Why do moneyline odds change? Moneyline odds will look similar across the board. The negative number indicates the betting favorite, and the positive number is assigned to the underdog.

Handicapping is an important part of strategizing your moneyline bets. Using analytical research, key betting trends, or any other knowledge that might eliminate any guessing in a bet is called handicapping.

Handicapping assigns an advantage to a team based on available evidence and statistics rather than a gut instinct. Beating the oddsmakers is a tough task, but the more research and handicapping you do on betting lines, the better chance you have at padding your bankroll.

Online sportsbooks will adjust their moneyline odds as one side gets more of the action from the betting public. A team like the Kansas City Chiefs could start as favorites, but as more people bet on them leading up to the Super Bowl, the odds might move to or more.

Experienced sports bettors track the odds very closely, and watching the moneyline is an effective way to gauge what the oddsmakers are thinking. This depends on the audience your sportsbook targets.

As such, American-facing books will almost always represent the moneyline in this format. Sportsbooks outside of North America sometimes display the moneyline in either a decimal or fractional format. Even so, the moneyline always refers to betting on the winner of the game, regardless of odds format.

If you need a refresher on calculating all types of odds, be sure to check out our guide. This skill is essential to understanding the moneyline and giving you a return on wagers! Sometimes, they will simply offer totals and spread bets.

For example, many sportsbooks only offer an option to bet on the NFL moneyline if the spread is between 3 and 10 points. If one team is a heavy favorite and the spread is listed at 14 points or more , many sportsbooks will choose to offer only spread and totals bets.

This is an industry-standard, in most cases. However, there are exceptions to this rule at select online sports betting sites. Sports betting is the best way to get more involved with your favorite games, and we have all the knowledge you need to wager with confidence. Check out Betting for more guides that can help you drill the fundamentals.

Following a sports journalism career with his work appearing in outlets like theScore, The Province, and VICE Sports, Patrick moved into the world of content marketing to bridge the gap between great writing and SEO success.

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Soccer is a prime example. In this Scenario, Tottenham is generally favored to win the match, while Everton is the underdog. But a draw is distinctly possible, and the odds for that outcome sit right in the middle.

Here, the Hawks are moderately favored to beat the Pistons. For this reason, moneyline bets can either be relatively safe when betting on the favorite or very risky when betting the underdog. Not all moneylines are created equal. In fact, sportsbooks can often compete with one another to offer better lines on certain teams in order to win more of your time and betting money.

To find the best odds, take a look at multiple sportsbooks. Look for the ones with slightly better odds on your preferred bet. With various sportsbook options at your disposal depending on your state , you can almost always find a competitive moneyline if you take the time to shop for it.

Most professional team sports offer moneyline bets. This includes the NFL, NBA, NHL, MLB, MLS, and many others. You should rely on your research and knowledge or our many picks pages to help you make informed betting decisions. That said, there are a few cases when moneyline bets are particularly advisable, especially if you are confident in your choice.

As mentioned briefly above, soccer has three-way moneylines. Because there are three options instead of the usual two, the odds and payouts will generally be slightly higher for these bets.

Use that to your advantage. Win Bettors will win their bet when they correctly choose the winning player or team — or a draw if it is specifically offered as a potential outcome.

Loss Bettors will lose their wager when they do not successfully choose the winning player or team. Note: In the case that you used a promotional wager, the outcome is a bit different.

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Both depend on where bettors are putting their money after a market opens. You can place moneyline bets on any legal sportsbook. FanDuel and DraftKings , for example, will offer a money line option for basically any professional game being played.

If you purchase a product or register for an account through a link on our site, we may receive compensation. Sidelines Group provides sports betting and casino content to MLive, including game predictions, odds, analysis, and sportsbook and casino reviews to educate bettors.

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Moneyline meaning. BONUS CODE MLIVEMGM. CLAIM BONUS. BONUS CODE SLMLIVE San Francisco 49ers tight end George Kittle, right, gets past Arizona Cardinals cornerback Marco Wilson 20 and safety Budda Baker, on his way to scoring a touchdown during the first half of an NFL football game Monday, Nov.

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