On the 2-way Moneyline, you can either take the visiting team to win or the home team to win. If the score is tied at the end of regulation time, your bet will push (cancelled) and your money will be refunded. When betting the 3-way Moneyline, in addition to the visiting team to win or home team to win, you can also choose Draw (tie). If the score is tied at the end of regulation time, the game will be graded as a Draw. Money line odds list the underdog as a positive number (i.e. +500) that means you will win that amount on a $100 bet. An NBA money line bet can not 'push' because NBA games can not end in a tie. If you think you have mastered moneyline betting check out our. In soccer, a money line takes the place of a point-spread but there is a twist. Bettors will always have the option of playing a favorite or an underdog, but you can also bet that the game will end in a draw, which is a tie. Barcelona -145 Manchester United +400.
Everyone makes moneyline bets without even knowing it. Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or team to win. If the bettor chooses the winning side, the sportsbook will pay the amount due. It's really that simple.
There's no point spread with a moneyline bet. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing.
The favorite team or player on the moneyline is the team that's expected to win. This side of the bet usually listed with a minus (-) sign. The underdog team or player on the moneyline is the team that's expected to lose. This side of the moneyline is usually listed with a plus (+) sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.
Example of a moneyline wager
Low scoring sports like baseball, soccer, and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. Let's use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.
Nfl Moneyline Bet
The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100 wager would pay $136 in profit if the Buccaneers won the game (for a total payout of $236). Bettors often like picking underdogs because they are usually 'plus' money. This side of the moneyline bet pays out more money per unit than a wager on the favorite.
In this example, the moneyline on the favorite Chiefs was -156. At -156 odds, a bettor would need to wager $156 to win $100. Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered.
Moneyline Bet Ends In Tie Ends
Looking deeper into moneyline wagers
The two sides of each moneyline wager are essentially the opposite of each other. When wagering on the favorite it's easiest to work from the dollar amount that will return a win of $100. When wagering on an underdog it's easiest to understand how the moneyline pays based on how much a $100 wager will pay.
Understanding how a moneyline wager pays isn't simple but it's not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.
As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline.
Moneyline parlays
What's A Moneyline Bet
Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The payout for a parlay is greater than an individual wager on each player or game. Underdog moneyline parlays are becoming popular because the payouts can be very large. Moneyline parlays are becoming popular because of the perceived ease of choosing multiple favorites to win. Choosing one winner is difficult and multiple winners at the same time is even more difficult.
What Does Tie Mean In Sports Betting?
by Doc's Sports - 10/10/2014
Does A Moneyline Bet Push On A Tie
I'm sure all you all know what a tie is in sports - when two teams or individuals finish a game with the same number of points, and there is no winner. Mercifully, it is pretty tough for ties to happen in most sports. In basketball and baseball they just keep playing until there is a winner. Hockey uses a shootout to end ties in the regular season, and plays until it's over in the playoffs. Football can have ties - at least in the NFL - but new overtime rules make it tougher all the time for one to actually happen. Only soccer consistently delivers ties - a contributing reason why it isn't as popular here as other sports.
In sports betting, a tie means much the same thing, but it is slightly different - and more common as a result. The term tie in sports betting simply refers to a wager where no money was either won or lost. It is also commonly referred to as a push.
A tie can happen whether you are betting point spreads or totals. If, for example, a spread was three points, and the final score was 17-14 with the favorite winning. Whether you bet on the favorite or the underdog in that case you would not be a winner, but you also wouldn't lose. You would get your entire bet back without penalty, and the sportsbooks would make nothing on the transaction. Similarly, if the total was 31 and the score was, again, 17-14 then neither over bettors nor under ones would be winners. They would both get a refund.
For the most part a tie doesn't mean much for bettors - it's just a mulligan, giving you another chance to pick a winner next time. There are times, though, when you need to be very aware of what ties mean, and how they should impact your bet selection process. One good example is with parlays. Some sportsbooks will treat a tie in a game in a parlay as just a voided game. If you have a tie in a three-game parlay, for example, then the whole parlay will just change into a two-team parlay. No big deal. Other books, though, will treat a tie as a loss in a parlay. That means, then, that the spread you are betting it is actually a half point worse than the one it says you are betting. If you aren't aware of this then it can be surprising - and costly.
Moneyline Bet Ends In Tier
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Moneyline Bet Ends In Tie Downs
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