Moneyline Bet Ends In Tie
But for gambling on moneyline, to win and make a decent amount of money on a bet is always a big deal. Moneyline odds promise a percentage payoff when a gambler’s chosen team wins the game. An NFL favorite’s moneyline odds are posted with a “-” symbol as in the moneyline (-200). Underdogs are marked with a “+,” as in an ML of (+350). When wagering on a three-way moneyline, you can bet either Team A to win, Team B to win, or for the event to end in a tie (sometimes referred to as a ‘draw’). Naturally, three-way moneylines come into play for sports where the result may end in a tie and, as. What happens with a TIE on a Money Line Parlay? It's called a 'Tie-er' and you get $100 deducted from your balance plus the wager amount. So it will essentially become a straight bet on. Since moneyline betting is just picking the winner bets can not push because the game can not end in a tie. NFL moneyline odds typically range from -110, which would be considered a small favorite all the way up to -600, which would be considered a massive favorite. If moneyline betting is not for you then you can head over to our NFL odds page. Moneyline Betting Explained. With NFL moneyline betting, you simply pick the team you think will win in any given game. If your team wins the game straight up, your bet pays out. If both teams tie, the result is a push, and your money is returned. GET YOUR $200 SPORTS WELCOME BONUS. What are NFL Moneyline Odds?
Everyone makes moneyline bets without even knowing it. Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or team to win. If the bettor chooses the winning side, the sportsbook will pay the amount due. It’s really that simple.
There’s no point spread with a moneyline bet. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing.
Nfl Moneyline Bet Picks
The favorite team or player on the moneyline is the team that’s expected to win. This side of the bet usually listed with a minus (-) sign. The underdog team or player on the moneyline is the team that’s expected to lose. This side of the moneyline is usually listed with a plus (+) sign. These signs signify how either side of the wager will pay. The minus side will pay less than original wager while the plus side will pay more than the original wager.
Example of a moneyline wager
Low scoring sports like baseball, soccer, and hockey are usually bet on using a moneyline. But they are also popular in football. The best way to explain how moneyline bets are paid is with an actual example. Let’s use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.
The easiest way to understand moneyline wagers is by using a $100 bet. Using the above example, the moneyline on the underdog Buccaneers was +136. At +136 odds, a $100 wager would pay $136 in profit if the Buccaneers won the game (for a total payout of $236). Bettors often like picking underdogs because they are usually “plus” money. This side of the moneyline bet pays out more money per unit than a wager on the favorite.
In this example, the moneyline on the favorite Chiefs was -156. At -156 odds, a bettor would need to wager $156 to win $100. Since the favorite is considered the team with the better chance to win, a winning wager will usually pay out less than the original amount wagered.
Looking deeper into moneyline wagers
The two sides of each moneyline wager are essentially the opposite of each other. When wagering on the favorite it’s easiest to work from the dollar amount that will return a win of $100. When wagering on an underdog it’s easiest to understand how the moneyline pays based on how much a $100 wager will pay.
Understanding how a moneyline wager pays isn’t simple but it’s not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.
As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline.
Moneyline parlays
Moneyline Bet Ends In Tier 1
Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The payout for a parlay is greater than an individual wager on each player or game. Underdog moneyline parlays are becoming popular because the payouts can be very large. Moneyline parlays are becoming popular because of the perceived ease of choosing multiple favorites to win. Choosing one winner is difficult and multiple winners at the same time is even more difficult.