When it comes to sports betting, there are several ways to bet on your favorite sport. These include money line bets, parlays, teaser, totals, pointspread and many more. Furthermore, each type of sports bet has its own advantages and disadvantages depending on how you use them. Today, we go over everything there is to know about Betting on the money Line.
According to gambling experts, money line bets are the most common and easiest type of bet a person can place. This is because you are simply betting on which team you think will win. However, despite its appearance, a money line bet is not as easy to win as you think. In addition, it may not always be the most profitable option to make when wagering on sports.
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Everything you Need to Know about Betting on the Money Line
Betting on sports is all about whether your prediction on a game will come true or not. Of course, it is possible to increase your odds of winning with the proper research. However, making a bigger profit betting on sports is all about the sports betting odds and how you use them.
Winning Your Money Line Wager
You can easily win a Money Line wager if you know your sport and your teams. However, your potential winnings mainly depend on the amount of money you risk.
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, betting $100 on a favorite with -130 Money line, gives you a $77 profit if you win. However, if you bet $100 on an underdog with +110 Money line, you win $210 and make a $110 profit.
Needless to say, 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. However, different combinations will have different results. Let’s say you wager $100 on five favorites with each having -250 odds. Thus, your total risk is $500, and if win three out your wagers, you will lose $80 in total.
If wagering on the money line interests you, then know that it is available on most sports. Money line gambling is common in baseball, boxing, tennis, and hockey. Many amateurs like placing them, as they are easy to win, especially when looking at the statistics of each team.
Using Money Line Opening Odds to Your Advantage
Sportsbooks display Moneyline odds once sports officials announce a matchup. If you are good with your sports betting predictions, you can use early odds to your advantage.
This is because some games have varying betting odds and are likely to change when the market shifts. Therefore, by looking for those shifts, you can make a bigger profit from your wagers.
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