This guide is going to explain everything there is know about moneyline bets in sports.
No matter where you are in your betting career, there’ll be something of value for you to learn.
Here is the ultimate guide to the moneyline bet.
What’s Moneyline In Betting?
It doesn’t matter how they win, only that they do.
If you’ve ever made a bet with your friends on the winner, it was a moneyline bet.
The confusing part is how a moneyline bet is presented and how they pay out.
Now, the amount you win from the moneyline in betting depends on how it’s presented.
By the end of this article, you’ll understand all there is to know about making money from a moneyline bet.
Benefits Of The Moneyline Bet
Now then, before discussing anything further, let’s answer the following question:
Are moneyline bets good?
Well, the short answer is yes, but that’s not enough.
Here are the main reasons why the moneyline in betting is so popular.
Simple To Understand
Profitable sports betting doesn’t have to be complicated.
In fact, making complex bets for the sake of it can do more harm than good.
We’ve heard this somewhere before…
The only way to make long-term money from sports betting is with consistent value bets.
There is no relationship between intricate betting strategies and your chances of winning.
If anything, there’s more likely to be a negative impact.
The more complex the bet, the more likely the bettor doesn’t actually understand what they’re doing, resulting in more mistakes, less value and an increased reliance on luck.
Easier Value Betting Opportunities
This follows on from the above.
That said, note that the reason doesn’t read “Easy Value Betting Opportunities”.
It’s tough to actually spot value in sports betting.
If it were easy, wouldn’t everyone be doing it and making a lot of money?
What it does read is that it’s easier to spot opportunities.
There aren’t multiple layers of information to sift through to work out if the prediction is a +EV bet.
All it takes is a few calculations.
Understanding Favorites And Underdogs
Sportsbooks don’t pay out the same amount on every moneyline bet.
Imagine Michael Jordan’s 1995–96 Chicago Bulls played in a friendly against 5 random guys pulled from the street and sportsbooks were taking bets on the winner.