Wagering on the moneyline online is just as easy. Hand the cashier your money and take your betting ticket.Check that the odds and potential payout are agreeable to you when they appear on the screen.Tell the cashier the dollar amount you are wagering.Say you want to bet that team on the moneyline.Approach the betting window and tell the cashier the team name and name of the sports league (if necessary).Placing a Moneyline Wager in Person at a Sportsbook Once you are familiar with the concept, and, more importantly, the math behind a moneyline wager, placing such a bet is rather simple. Thus, a bettor would make 9.5 times whatever their original wager was in profits. That’s because +950 means for every $100 a bettor wagered on the Dolphins to win, they would profit $950. To many, that would not seem like a worthwhile investment.ĭespite the unlikelihood that the Dolphins would win, their +950 moneyline would certainly appeal to more bettors. Based on the same ratio, if bettors bet $100 on the Patriots to win, they would have won just a $4 profit. Bettors would have needed to bet $2500 on the Patriots to profit just $100. Well, here is what those moneyline numbers next to each team means.
After the Baltimore Ravens beat the Dolphins 59-10 in Week 1, many fans were sure there was no way that the Dolphins could beat the Patriots. In Week 2, the New England Patriots were one of the biggest moneyline favorites of the entire season over the Miami Dolphins. Here is an example from the 2019 NFL season: However, oddsmakers will likely set very steep odds on a big favorite, thus minimizing the potential profit on a winning wager. There are always competitions where one team is vastly superior to the other. Though the premise of a moneyline bet is rather simple, the math involved in such a bet is where it can get rather complicated. Understanding the Math of a Moneyline Bet If you place a moneyline wager on a team or individual that goes on to victory, you’ll have won your moneyline bet. Whether it’s a game, a match between two teams, or a competition between two individuals, moneylines are always offered. The bettor has to do just one thing: pick the winning side. Video: What’s a Moneyline Bet? | Sports Betting 101 > What is a Moneyline Bet?Ī moneyline bet is as simple as it gets. However, there is one term that breaks sports betting down to its most simple form: the moneyline. Teasers, parlays, and round robins are just some of the many different ways one can bet on sporting events. The jargon and terminology of sports betting can be intimidating for a novice bettor.
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