In that instance, a draw would return the wagered money back to the bettor. Because a moneyline bet is choosing one side to win, the only scenario in which a draw would occur is if the game ends in a tie or draw and a tie or draw was not one of the listed options to bet on.Īn example would be a moneyline bet on the Arizona Cardinals to win a regular season game over the Seattle Seahawks, only for the two teams to still be tied after the end of the first overtime. They're incredibly uncommon, however, in moneyline betting. Pushes will pop up from time to time when it comes to point spread bets or total bets. Whereas a bettor could win a point spread bet if a losing team covered, moneyline odds are only concerned with the final score. As is the case with winning, a loss on the scoreboard is a loss on a moneyline bet. Lossīecause moneyline odds are so simple to understand, bettors will know when they've lost. This is like different types of bets like point spreads or totals that also have odds attached to them. Payouts are based on two factors: the moneyline of the team bet on and the amount wagered. No matter the score, the total points, the number of overtimes or individual performances, a team win on the scoreboard is a win in moneyline betting. To win a moneyline bet, your team must win the outright matchup. Different sportsbooks will provide different odds on moneylines, so it's important for bettors to shop around to find the best value to maximize potential winnings. Always.Īnd while that's simple enough, it's important to understand what that means in terms of odds and a potential payout for bettors. The moneyline is simply interested in which team wins and which team loses. What's nice about the moneyline is there's no math involved, no backdoor covers and no different winner based on sportsbook lines and odds. Typically, the point spread will be just a single point (or less), making a moneyline bet the preferred option to take out the spread altogether without losing too much value. In some instances, the moneyline bet can be as close as -110 to +110 if neither team has a true advantage. We all know those instances in sports betting where a matchup truly feels like a coin flip. If the New York Yankees are +150 against the Arizona Diamondbacks, they would be considered the underdog. The odds are against these teams but choosing the right moneyline wager can be profitable. Because these teams aren't expected to win, bettors need to bet smaller amounts to win a potentially big payout. There's one in every matchup, whether it's a slight difference in the moneyline or a matter of huge underdogs needing everything to go right to pull off the upset. The Underdog TeamĮveryone loves a good underdog. So, if the Kansas City Chiefs are listed as -150 against the Arizona Cardinals, they are the favorite. The favorite is indicated at Arizona sportsbooks with a minus moneyline number, meaning bettors need to bet more money for a potential payout because of the expectation that the favorite will win. This is the team that is expected to win based on several different factors. Whether a team has more talent, is healthier, is playing at home or has a scheduling advantage, there will always be one favorite in every matchup. There can be incredibly large gaps between those two numbers if one team is heavily favored, or the differences can be minimal in what is expected to be a closely contested matchup. Each matchup consists of two different moneylines – a favorite expected to win the matchup and an underdog expected to lose the matchup. Moneyline odds, which are often called American odds as well, are set according to the likelihood that a team or player will win a certain matchup. What Does Moneyline Mean And How Is A Moneyline Bet Used?
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