People love to bet the moneyline without even knowing about it. Even casual sports fans make moneyline wagers because it is the simplest method to bet on sports. Players just need to pick a side to win.
If the player chooses the winning side, the bookie will pay the amount. It is that simple. There’s no need to worry about scores or other factors. When you bet the moneyline, there’s no point spread.
Although it is easy to place a moneyline wager, understanding how much you can win might be a little complicated. Also, both sides of the moneyline have different payouts. Thus, it confuses some players who engage in online sports betting.
Bet the Moneyline Tips
The first thing you need to know is that the favorite player or team is the team that’s more likely to win. The favorites usually have a minus sign. On the other hand, the underdog is the team that’s likely to lose. The side has a plus sign.
The signs indicate how each side of the wager will pay. The plus sign will pay more than the original bet. On the other hand, the minus sign will pay less than the original wager. As you can see, the two sides of the wager are opposite of each other.
According to sports betting pick sites, you can easily determine how much you need to wager on the favorites to win $100. On the other hand, betting $100 on the underdog will yield the numeric value of the moneyline.
When you bet on football for instance:
The moneyline on the Saints is -350. That means you need to wager $350 to win $100. On the other hand, betting $100 on the Chargers will win $350. Keep in mind that moneyline for basketball and football games are tied to the point spread. Thus, a large point spread can result to a large moneyline.