What is Money line bet? Definition, how it work?

Many newcomers to online betting often find the term “Money line bet” unfamiliar. In reality, it’s a common betting term, but only seasoned bettors are typically familiar with it. It describes a form of betting based on the Moneyline, essentially. However, in the following article, Kingsoccertips admin will share in detail “What is money line bet and how it works?” so you can grasp it thoroughly. Let’s delve into it right away.

What is Money line bet?

Money flow in online betting

The moneyline is one of the most common and simplest forms of sports betting, where you simply choose a team or player to win outright without needing to account for point differentials. For example, you might just bet on which team will win a particular soccer match or which tennis player will win a specific match.

Moneyline bets are typically available at every sportsbook for every matchup between two teams or individuals. They are prevalent in NFL, NBA, NHL, MLB, UFC, soccer, tennis, and most other sports. Among the “big four” American sports, they are most common in the NHL and MLB, where games tend to have lower scores, making point spread betting less appealing.

Detailed definition of Money line bet

Moneyline betting is the simplest type of sports wagering. Put simply, it’s betting on which team or player will win a game or competition, regardless of the final score. While spread betting requires one side to win by a certain amount, the win rate is irrelevant to traditional moneyline betting – if your side wins outright, you win the bet.

What’s enticing: Sportsbooks set the betting odds based on each team’s likelihood of winning the competition, even if the two sides are not evenly matched. This can lead to overpricing for a heavily favored or significantly weaker object – and a potentially large payout if the underdog causes an upset. Due to their simplicity, moneyline bets tend to be popular among beginners, although experienced bettors also frequently wager on the moneyline.

How to calculate Money line odds?

Moneyline odds are typically presented in American format (using the plus and minus system), as opposed to decimal or fractional formats. If the favorite odds are -167, you would need to bet $167 to earn $100. That’s a similar ratio as betting $5 to earn $3, so the fractional form of the -167 odds would be 3/5.

The formula for calculating ML bet is very simple

The decimal form would be 1.6, as betting $100 would return a total of $160 – your initial $100 bet plus a $60 profit. Although moneyline odds are presented in American format, as noted above, it’s quite easy to calculate those figures equivalent to decimal and fractional numbers.

Remember that the favorite team will be deducted money (-), while the underdog team is usually added money (+). There are some cases where both sides are considered even and have an equal chance of winning, in which case both sides will have results like -110 or -115.

Types of Money Flow Bets

Favorites

The “favorite” in a game, tournament, or event is the side that the betting market considers to have the best chance of winning. The favorite’s moneyline odds are almost always represented with a minus sign (we’ll explain the “almost” part shortly). Moneyline odds are typically displayed in American format and are based on a $100 wager. The odds listed beside a favorite in the moneyline indicate how much you need to bet to win $100.

Underdogs

The “underdog” in a game, tournament, or event is any side that is not favored and is perceived by the betting market as having a higher likelihood of losing. Underdogs are always listed with a plus sign alongside their moneyline odds, indicating how much you would win when betting $100.

Pick’em (Even Money)

When a moneyline is priced as an even choice, also known as “even money,” this is equivalent to betting the moneyline with odds of +100. In these cases, the bettor is pricing that side as a 50-50 chance to win outright. Any amount you bet with odds of +100 equals the amount you can potentially win: $50 to win $50, $2,000 to win $2,000, and so on.

Money line bet handicaps are quite diverse

You will also see options (sometimes listed as PK) in point spread betting when sportsbooks view a game as even on both sides. It’s rare to see both sides of the same game listed as an even choice on the moneyline because sportsbooks almost always apply a “juice” (vigorous) to make a profit. So, when one side of a competition is listed at odds of +100 on the moneyline, they may be the underdog in the match.

3-Way Lines / Draws

In competitions with more than two fixed options, moneyline betting can include a third option alongside winning or losing outright. This is called “three-way betting” and is common in sports such as soccer and boxing, where draws frequently occur.

In three-way markets, it’s not uncommon to see both the strong team and the weak team trading at plus odds, and both sides can lose if the match ends in a draw. Three-way betting is also prevalent in sports with frequent overtime, such as ice hockey, with moneyline bets being settled based on the result at the end of regulation.

How does money line bet work?

Baseball

Moneyline betting in hockey is quite popular, similar to most other sports. Betting on the favorite team can often provide more value than playing the puck line and giving 1.5 goals to the underdog.

Ultimately, it wouldn’t be an issue if your bet team only wins by one goal; they don’t need to win by multiple goals if you’re betting on the moneyline. Similar to baseball, hockey betting attracts higher moneyline odds (compared to basketball and soccer) due to the lower scoring nature of the sport.

Fooball

Moneyline betting in football is popular. Betting on the favorite can be safer than playing the point spread. Key numbers like 3, 7, and 10 are crucial when betting. Home underdogs can offer good value.

Basketball

Moneyline betting in basketball is common. Betting on the favorite can be safer than the point spread. Head-to-head matchups are important, especially in the NBA. Be aware of “load management” with star players resting. Know the starting lineups before betting.

Hockey

Money line betting in baseball is quite popular, like in most other sports. When you bet on your favorite team, it can be a safer option than playing the run (spread) and giving a certain number of runs (usually 1.5) to the weaker team. After all, it doesn’t matter if the side you’re betting on wins after just one run; They don’t have to win two, four or seven.

Conclusion

So, we’ve explored the answer to the question “What is money line bet?”. It’s evident that Money bet is an intriguing type of bet and indeed a smart betting strategy for players. Make an effort to utilize and learn about various types of bets to maximize your wins against the sportsbooks. Don’t forget to visit the football betting guide website for more interesting information. Thank you.