Money Lines is a Popular Wager Amongst Sports Bettors
Money Lines are common in most sportsbooks globally. Some professional bettors claim that they are the easiest wager anyone can place, besides baseball props.
It is necessary to accurately predict the team that will win a game while placing a Moneyline. Keep reading to learn more about money lines.
How to Win Moneyline Bets
You can easily win a Moneyline wager if you are an ardent sports fan. Your potential winnings mainly depend on the amount of stake you place.
Teams with a high winning probability have lower risk than those with a low probability. Also, the Moneyline for a high-risk team has a larger potential payout than the one with a lower risk.
For example, if you wager $100 on a favorite with -130 Moneyline odds, you can win $177 and make a $77 profit. Yet, if you stake $100 on an underdog with +110 Moneyline odds, you will win $210 and make a $110 profit.
It is essential to consider the size of your money lines and their returns. For instance, if you stake $100 on a favorite with -25- odds, your profit will be $40. But, if you wager $100 on five favorites, each having -250 odds, thus having a total stake of $500, and win three out your wagers, you will lose $80 in total.
Which Sports Can You Place Moneyline Bets On?
Money lines are available for numerous sports, including:
Baseball
Most baseball gamblers often place money lines on the Major League Baseball (MLB) odds as 28 percent of baseball games are often decided by one run. For example, a bookmaker can choose the Detroit Tigers to be its Moneyline favorites with -400 to defeat the New York Yankees, who it has set as its Moneyline underdogs with +330 odds. Therefore, you have to stake $400 if you intend to receive a $100 profit while wagering on the Detroit Tigers.
Basketball
Some basketball enthusiasts, especially those who wager on the National Basketball Association (NBA) and the National Collegiate Athletic Association (NCAA) basketball, odds like placing point spreads. Still, money lines are also renowned.
For example, the Golden State Warriors could have a higher winning probability than the Toronto Raptors. Odds compilers can pick the warriors as Moneyline favorites with -125 odds and the Raptors as Moneyline underdogs with +105 odds.
Handicapping Moneyline Bets
Typically, a professional gambler will extensively research a game before they place Moneyline wagers. That includes breaking down odds, matchups, and individual teams’ advantages. Consider the following matchup aspects to do better research:
Home vs Away Performance
Typically, most sports teams perform well at home ground compared to away stadiums. Still, some of them excel in away games. Therefore, you have to assess each team’s performance on different grounds to determine if its latest results will reflect in an upcoming game.
A team such as the Toronto Raptors might have lost its previous five home games and face the Chicago Bulls, who have won their last five games. This information won’t solely help you predict who will win the matchup.
Recent Play
Each sports team has its low and high moments in every season. It is rare for a team not to lose any of its games. A team’s recent play is vital to consider if it surges late while its opponent is flailing.
Use various match sample sizes to determine recent play, and you can find them at sports analysis websites like Odds Shark. You can either start with a National Football League (NFL) team’s previous three games, MLB, National Hockey League (NHL), or the NBA team’s last ten games.
Opening Odds
Sportsbooks display Moneyline odds once sports officials announce a matchup. You need to check daily matchups if some games have varying odds, as they are likely to change when the market shifts.
Moneyline gambling is common in baseball, boxing, tennis, and hockey. Many amateurs like placing them, as they are easy to win, especially when you have reviewed the head-to-head statistics of the two teams.
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