Moneyline Bets - How to Bet 101

 

When it comes to sports betting, some wagers are simple while others are complex. The most straightforward wager is a Moneyline bet. This is the first bet anyone new to betting should learn about.

It’s a simple bet about who will win a fight, game, or matchup. So if you’re new to sports betting, in this guide, we’ll explain what Moneyline bets are in simple terms. Keep reading to know everything about them.

Moneyline Bets Made Easy

Anytime you make a Moneyline bet, all you’re doing is choosing the outcome of a single game. This means you’re predicting who will outright win the game, and you’re betting on that outcome. This is a straightforward prediction you’re making.

Let’s take a look at an example of a Moneyline bet.

The odds will be given like this:

Real Madrid +135

Juventus -120

Here if you want to bet on Real Madrid, the odds of them winning are +135. The odds of Juventus winning are -120. You simply select the team you think would win, and you add your bet to your bet slip with the amount you want to bet. 

American Odds

The example we just mentioned displays American odds. This means that the number indicates the implied probability of each team winning the bet. The money is determined according to your wager.

The “underdogs” have a “+” sign associated with their odds, while “favorites” have a “-” written next to them. Sometimes, the odds for both teams might have a “-” sign written next to them. This means the team with the higher number will be considered as the favorite for the matchup.

This is a bet that is harder to predict and win, so automatically, your payout will be high if you bet on the underdog through a Moneyline bet. Of course, you can lose this bet, too, and the risk is substantially higher.

Winning a Moneyline Bet

 

So let’s revisit the example. It would take a $120 bet on Juventus at odds of -120 to make a $100 profit ( $ 220 total payout ). If you bet $100 on Real Madrid at odds of +135, you would make a $135 profit ( $235 total payout ). A simple way to explain this is that anytime you see a (-) on the betting odds, that’s the amount it would take a bet to make a $100 profit, and when you have (+) on the betting odds, it means that’s the profit you will make off a $100 bet if it wins.

Note: This is just an example to help you understand the way the odds are set up. You can wager more or less than $100 on your bets.

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