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The NFL is a league where underdogs win more than in most other sports, due to how tight the competition is between virtually every team in the league. The moneyline is simply the odds set by a sportsbook for a team’s probability of winning a game outright. There is no margin of victory or defeat that needs to be met, making it one of the most straightforward bets to place in the market.
- If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100).
- The way that offenses match up with the opposing defense and the way that defenses match up with the opposing offense is often more important than which team has more talent on the field.
- For each sport, there are many specific player matchups that can impact a game and in turn impact your moneyline bet.
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Refer to SB3’s article “How to Read NFL Odds” for help understanding spread, total and juice numbers. Moneyline odds are available for all major United States sports. Their generous promotional offers will stack bankrolls with bonus cash, and their financial options include Bitcoin as well as other forms of Cryptocurrency. Safety and reliability are chief concerns at Bovada, so they’ve armed themselves with the latest in cybersecurity and personal data protection technologies.
Moneyline Strategy: Betting Favorites Vs Betting Underdogs
If the Los Angeles Dodgers are -1.5 and are +180 on the runline, they are considered the favorite but the implied probability has plus-odds. Betting the Dodgers runline (-1.5) at +180 means a bettor will get paid out $180 if they are able to win by two or more runs. Runlines are tempting to bet on due to the plus-odds for a team considered the favorite, however, there are quite a few MLB games that end with a one-run lead. Moneyline betting versus betting the spread requires two different approaches towards making a successful wager.
That means that the runline pays off quite often AND it pays better. It may seem like the obvious thing to do but a lot of baseball punters have polar viewpoints on which is a better bet; moneyline or runline. As well, with money line odds, a sharp eye can identify spots where the lines don’t seem to match up with your expectation. The benefits of moneyline gambling are that they offer the big payday when there is an upset. The types of returns you see for this scenario far surpass any payout you’ll find on point spreads. NHL teams tend to look at their season schedules in chunks.
Thus, one must bet $380 to win $100 (bet would return $480 total – the winnings and the stake). Lions upset believers can wager $100 to win $290 (bet would return $390 total). While a moneyline bet remains the simplest sort of wager in theory, there are still some intricacies involved.
Line Shopping: How Bettors Should Approach Moneyline Bets
Let’s say you want to put a wager on a baseball game between the Astros and the Cardinals. Generally speaking, the larger a point spread on a game, the larger the payout for the underdog on the moneyline and the smaller the payout on the favorite. A big point spread indicates a big favorite who will win a large percentage of the time by a big margin.
This is a significant increase from BetOnline and Bovada, who max their matching offer out at 50 percent, which means that the MyBookie turnover requirement is set at a steep 10x. There are also quite a few reload offers that keep bettors coming back to MyBookie after exhausting their new user bonuses. A betting reload offer is available whenever a user makes another deposit via match deposits or free bets, creating more incentive to continue using MyBookie for moneyline betting. New users who sign up with BetOnline are offered a welcome bonus comprised of a 50 percent matching deposit of up to $1,000. BetOnline contains some of the best moneyline options available on any sportsbook, with robust options on national and international sporting events. While there are a plethora of moneyline betting options available in events such as horse racing, NFL, and Aussie Rules Football, there is no mobile app available to download.