- What is a Money Line bet?
- How does Money Line betting work?
- Money Line betting strategy
Money Line betting stands as the go-to for many new to sports betting, given its straightforward nature. Yet, even the seasoned bettors sift through this market for hidden gems of value. Wondering about the essence of a Money Line bet and its mechanics? Let’s dive in.
What is a Money Line bet?
In essence, Money Line betting simplifies the betting process to its core, offering a duo of options in a market for punters. To wager on a Money Line bet, just pick your winner and back them. It’s akin to betting on the "match winner".
Securing a win with your Money Line bet means backing the victorious team or individual. Conversely, a loss for your chosen side spells a loss for your bet too. Calculating potential returns is straightforward: multiply your stake by the decimal odds of your chosen option.
How does Money Line betting work?
Prevalent in sports like baseball, tennis, and UFC, Money Line betting also finds its place in NBA and NFL bets, albeit less so due to the high-scoring nature of these games which favors other betting forms like Totals or Handicap.
Money Line bets shine in matchups where a draw isn’t an outcome, though it’s not unheard of in soccer or similar sports that might end in a draw, either as a three-way Money Line market or a modified two-way market that discounts the draw, returning your stake in such an event.
Diversifying your betting strategy beyond just Money Line, Handicap, or Over/Under bets can enrich your betting experience. Focusing solely on the match result, Money Line bets are unaffected by winning margins or points scored. Odds reflect the probabilities of each outcome, with favorites and underdogs clearly marked.
The interaction between Handicap betting and Money Line bets is noteworthy; a high Handicap on a favorite implies a stronger likelihood of their victory, affecting the odds significantly. Handicap betting becomes appealing when you’re confident in a team’s victory margin, offering potentially greater rewards than a straightforward Money Line bet.
What is the difference between the Money Line and 1X2 betting markets?
As previously mentioned, the difference between the Money Line and 1X2 betting markets might appear to be a relatively minor difference, but it will have a big impact on the odds you bet with and the result of your bet.
The key difference between the two market types is the availability of the draw option. The Money Line traditionally only offers two options, Team/Player A to win and Team/Player B to win. However, the 1X2 market (most common in soccer) has both of these options, plus the draw.
Some people believe the difference is simply down to a preference of terminology, and that is why it’s important to know what you’re betting on if you’re talking about the Money Line if a draw is a potential outcome. You need to determine if it’s another way to refer to the 1X2 market (a three-way Money Line) or the traditional Money Line that doesn’t include the draw. If you’re betting on the 1X2 and think it’s a normal Money Line bet, you will be in for a surprise when your stake isn’t refunded if the result is a draw.
Money Line bet example
While the concept of a Money Line bet is simple to understand, it can still be useful to go through an example to help those new to betting. Below is an example of a Money Line market for an NFL game.
These odds suggest the Kansas City Chiefs have a 79.56% chance of winning the game, whereas the Houston Texans have a 20.44% chance.If you believe the Houston Texans will win, or have a greater than 20.44% chance of winning, you may want to place a Money Line bet on them.You then simply add the selection to your bet slip and place the bet.
If the Houston Texans beat the Kansas City Chiefs, this would result in a win for your bet and a return of €47.40 (€37.40 profit and your €10 stake).If the Chiefs were to beat the Texans, the result of the bet would be a loss and it would return €0.
Money Line betting strategy: When to bet the Money Line
Once you understand how Money Line betting works, there are various methods or strategies you can use to decide what to bet on.Those who bet for fun may just choose their favourite team or the team that, based on their opinion, they think has the best chance of winning.However, those who are serious about betting will be more concerned with the concept of value and will want to bet on the team that has been underestimated by the odds provided by the bookmaker.
If your aim is to use a Money Line betting strategy to make a long-term profit, an understanding of probability is key. This is where converting odds into percentage chance can help give you a better idea of how the bookmaker (and rest of the betting market) think a game will play out.
Betting odds explained: How do odds work?
Whether through complex models, power rankings, or odds comparison, the quest for value remains constant. It’s about finding market options with a higher likelihood of occurring than the odds suggest. This approach encourages a broad analysis of betting markets, aiding informed decision-making.
By weaving in local lingo and ensuring clarity in explanation, this rephrased article aims to cater to an Indian audience, maintaining the original structure while subtly enhancing its SEO value on the topic of "What is Money Line Betting."
Now you know what is money line betting. Sign Up Now or click HERE to play at 7x7Bets, the most reliable and trustworthy online casino in India. Don't forget to claim your withdrawable real money welcome deposit bonus, weekly cashback bonus and referral bonus!
Comments