Everything You Need to Know About Moneyline Betting in the USA
Moneyline betting is one of the most popular forms of sports betting in the USA and around the world, but many people remain unfamiliar with the concept. Here, we take a look at everything you need to know about moneyline betting in the US and how it is used in the US sports betting industry.
What is Moneyline Betting?
Moneyline betting is a type of bet where the bettor has to correctly pick the winner of a match in order to win their stake. The amount the bettor can win, minus the stake, is determined by the odds given for the outcome.
How Does Moneyline Betting Work?
Moneyline betting is relatively simple. You decide the amount you wish to bet, then select the side or outcome to wager on. The moneyline will be listed for both sides, with a plus sign for the underdog and a minus sign for the favorite.
For example, let’s say the moneyline for a match between the Lakers and the Clippers is set at +150 for the Lakers and -200 for the Clippers. This means that for a $100 wager on the Lakers, you could win $150. For the same wager on the Clippers, you could win $50.
The higher the number, the higher the risk, but also the higher the potential payoff.
What Types of Moneyline Bets Are Available?
The most common type of moneyline bet is the Full-Game Moneyline. This involves betting on the outcome of an entire match.
You can also place Parlay Bets, which involve wagering on two or more outcomes. This can be used to increase the potential winnings, although due to the complexity of these bets, the risk is also increased.
Live In-Game bets are the most popular form of wager for players who enjoy betting during a match. There are many kinds of in-game bets that include Moneylines, but these are slightly different from the Full-Game or Parlay wagers.
Which Sports Can I Bet On?
Moneyline bets are available on most sports, including basketball, football, soccer, tennis, hockey, and more. This type of bet is especially popular in baseball and hockey, but can be used in any sport.
How do I Place a Moneyline Bet?
Placing a moneyline bet is relatively straightforward. You simply need to:
- Choose a bookmaker and open an account.
- Make a deposit.
- Find the match, game or player you want to bet on.
- Select the odds of the moneyline you would like to wager on.
- Enter the amount you wish to bet.
- Confirm your bet.
Pros & Cons of Moneyline Betting
Moneyline betting has both advantages and disadvantages, depending on the type of bettor you are.
- Relatively simple to understand.
- Can be used for Parlay betting for greater rewards.
- Can be used for Live In-Game betting for greater excitement.
- Relatively low rewards for favorites.
- Relatively high risk for underdogs.
- Relies heavily on luck.
Moneyline betting is a popular form of betting in the US and around the world. It is relatively simple to understand and can be used for a variety of sports. However, it is important to remember that it carries a high degree of risk and luck is a major factor. With the right approach, moneyline betting can be an exciting way to make money from the sports you love.
What sports can I bet on using moneyline betting in the USA?
In the United States, you can bet on the following sports using Moneyline betting: baseball, basketball, football, hockey, soccer, golf, boxing, mixed martial arts, auto racing, tennis, and cricket.
What does moneyline betting mean?
Moneyline betting is a type of betting that does not involve a point spread. Typically, one team is favored over another and a bettor will wager on whether the favored team will win, or the underdog will win outright. Generally, moneyline bets are presented in odds format, with the favorite team being represented by a minus sign and the underdog by a plus sign. If betting on the favorite, a bettor must successfully bet more money than they will receive in return, and if betting on the underdog, a bettor must risk less money than they will receive in return.