Moneyline Betting

Some of you may wonder what is a moneyline bet and how is it different from any other type of wager? We here at Bet Station plan to set the record straight. Therefore, we are writing a series of guides to help you distinguish between the various bets you can place at online sports betting sites. This guide is focusing on the moneyline bet, one of the most popular sports bets in America.

The best sports betting sites display three bets next to most sports, the spread, over under, and moneyline. That does not mean these are the only bets you can place on the sportsbook. Instead, think of these as the most popular bets if you were to bet on football, baseball, basketball, or hockey. Other sports, like soccer, boxing, or golf, may have a different choice of default wagers. Either way, the moneyline bet is one of the most popular, as it’s straightforward and especially useful if you want to make a parlay. If you’d like to know more about parlays, check out the parlay betting guide.

But what does this all mean? Well, if you are looking to place a bet on a sporting event, then you won’t find a more direct wager than the moneyline. This is because you are betting on a team to win outright. In sports like soccer, you can place a moneyline bet on the visitors, the home team, or a draw. In most American sports, ties are not common, so they forgo this step with a push. This is where your bet neither wins nor loses, so you get your money back.

What does the Moneyline Bet Mean in Sports Betting?

A moneyline bet is the most straightforward wager you can place on a sportsbook. Unlike the over under or spread, which requires the final score to be above or below a certain number, the moneyline is just for the outright winner. Moneylines are used across almost every single sport. Whether you are looking to bet on football, cricket, golf, or hockey, you can make a moneyline bet for the winner of any game or event.

That means, for a moneyline bet, all you need to do is predict the winner of a game. This would have been a good wager for the 2022 Super Bowl, as the Rams did not cover the spread. Most online sportsbooks in America offered a spread of four points, meaning the Rams would need to win by four or more to win the bet. In the end, the Bengals lost to the Rams, but only by three, resulting in most spread bets failing. However, if you would have selected the moneyline bet, you would have won. Often the moneyline has lower paying odds than the spread, but it would have been a winning bet at the Super Bowl.

How does a Moneyline Bet Work?

The best way to think about a moneyline bet is to assume it is an outright game prediction. You are predicting who will win a sporting event regardless of the scoreline. Now that you understand what the bet does, it’s time to explain what the numbers mean. Usually, when looking at a moneyline bet, there is a number with a plus and one with a minus. That is not always the case. Sometimes the sportsbook can give both the home team and the visitors the same symbol, often a minus.

The plus symbol represents the underdog, as the symbol shows how much you could win on top of your stake. Whenever you see the plus symbol for a moneyline bet, think of it as whatever you bet, you will win more in profit than what you stake. This is not the case for a moneyline bet with a minus symbol. This symbol should immediately tell you that the team is likely to win, so what you win in profit will be less than your stake. If you were to bet $10 on the Miami Heat at -300, you would look to make $3.33 in profit. If you picked the Atlanta Hawks to beat the Heat at +245, your ten dollars would net $24.50 in profit.

Although this may sound confusing, the bet slip will do all the hard work for you. Simply add the bets you want, and experiment with putting in different wagers to see the returns. Remember, plus means you win more than you stake, minus is the opposite!

A screenshot of the Betway Sportsbook showing their various moneyline bets

How to Bet the Moneyline

Making a moneyline bet is one of the easiest wagers to place on an online sportsbook. All you need to do is browse the sport or sports you want to bet on, and look for the bet marked “Moneyline”. If you click on an individual game, you can normally spot a moneyline bet as it usually has a three-digit number in a box; if you are using the American odds system. We recommend the American system, as it is the easiest for new players to understand. All the examples we use at Bet Station are in the American system, rather than the decimals or fractions.

Moneyline bets are one of the few wagers where there is only one number in a box, the odds. If you look at the spread bet, they have a number for the points spread and for the odds. We can say the same for the over under, as each box has the odds and a target number which requires the final score to be higher or lower than this amount. The moneyline just has the odds, which allows you to easily spot it and add it to your bet slip.

Once in your bet slip, the very best sportsbooks, like DraftKings, allow you to add multiple moneyline bets and adjust the wagers as singles. This is important, as once you add multiple wagers to your bet slip, you are eligible for a parlay. A parlay is where they combine all your bets into one giant wager, where you could win a lot more than any single bet. If you just want to place separate moneyline bets, you will need to make sure you bet singles. A parlay is good for returns, but one wrong prediction and you cannot win any cash.

How to Win a Moneyline Bet

There is no guaranteed way to win a moneyline bet, just as there is no sure-fire way to win any sports bet. However, that does not mean that Bet Station will hang you out to dry. Instead, we like to advise on how to avoid losses and maybe even win some bets. Below are just a few tips to help you stay out of the red.

  • Be thorough: We mention above that the moneyline is one of the three most popular bets at American sportsbooks, but that does not mean they are the best paying. Seeing as this wager is easy to add to your bet slip, it is far more effective if used in a parlay than a single. We recommend going into each game you want to bet on and searching around for boosted odds or a more interesting bet. Usually, extra work pays off!
  • Adjust your stake: If you are new to sports betting, you might have the urge to make large bets, hoping to win big. This can be problematic for more reasons than one, but it can also let you down. Betting big on the clear favorite yields a small return, so it’s not worth risking a large sum for a poor return.
  • Try to request a bet: The very best online sports betting sites have sections where you can request a bet. These special moneyline bets are tailored to suit you. You might think Sidney Crosby will score two and assist in the next game. So, get in contact with the sportsbook and get much better odds than just the Penguins to win.

Placing a Moneyline Wager

Although the moneyline is undeniably simple, there can be some complexity to it, depending on the sport or sportsbook you join. There are many moneyline bets you can place besides just the outright winner of the game. In basketball, you can place moneyline bets on whether the last point of the game will be worth two points, three, or a free throw. You can also use the moneyline for the first point scorer, who will score the first three-pointer, and who will be winning at halftime. These betting options are varied and exciting, and that’s just for basketball. Each sport will have a wide range of wagers for you to choose from. If you would like to know more about each sport, then check out the moneyline betting examples listed below.

Moneyline Betting Examples

We have put together a range of moneyline bet examples to help give you an idea of what to expect at a sports betting site. Most sportsbooks have a wide range of moneyline bets, so we can only give you examples of the most popular ones.

What Does the Moneyline Mean in Football?

If you are looking to place a bet on the NFL, a moneyline bet can mean a variety of different things. You could bet on the outright winner of a game, the player to score the first touchdown, or which team is leading at halftime. During the off-season, you can place moneyline bets on draft positions. This is where the sportsbook will give you a list of names and you can choose who you think will be drafted first, second, third, etc. They also offer whether a player will be one of the top 32 picks, which team will pick a certain player, and whether a team will trade their picks. Overall, there are many exciting and unique moneyline bets for the NFL.

MLB Moneyline Picks

If you are a baseball fan, then you might want betting advice for next week’s games. These are often called MLB picks, and they are often expert predictions for the next game week. Often, when talking about MLB moneyline picks, professionals just go with whichever team the sportsbooks mark as the favorite. This is usually easy to spot as one team will have a plus, meaning they are the underdog. If both teams have odds with a minus, such as the New York Mets at the St. Louis Cardinals, then the pick gets a little harder. The Mets had -116, and the Cardinals had -102, making the Mets marginal favorites. When both teams have a minus, the higher the number, the less you will win.

The moneyline 3-way no push bet at FanDuel

3-Way Moneyline Hockey Example

Much like the NLF and MLB, there is a range of moneyline bets you can make for the NHL. This includes the NHL moneyline 3-way no push. This differs from the usual moneyline, as the sportsbook only gives you two options. Either one team will win, or the game will go to overtime and the bet is a push. With the 3-way bet, you can wager on the away team, home team, or whether it will be a tie resulting in overtime. These odds are much better than the standard moneyline, which were -104 to the Carolina Hurricanes and -115 to the New York Rangers. The 3-way bet has +150 for the Hurricanes, +135 for the Rangers, and +310 for a draw at FanDuel.

NBA Moneyline Picks

It is not uncommon for players to look for NBA moneyline picks. These are usually an expert’s best guess at who will win a game in the next round of fixtures. These picks are usually just for the outright winner, which means you are missing out on some wonderfully exciting moneyline bets. In basketball, you can place a moneyline bet on a multitude of different options. This can include the winning team of each quarter, the first person to score a three-pointer, or even the first team to reach a set number of points. Could make a same game parlay using various moneyline bets all on the same NBA game.

What are the Moneyline Odds?

Calculating the odds of a moneyline bet is easy. It is one of the few wagers where there is just one number in the box; the odds offered by the sportsbook. If you are using the American odds system, then you can tell this number apart from the rest, as it will either have a plus or minus in front of it. In this situation, the minus is for the team more likely to win, and the plus is for the underdog.

How can you tell how much your bet is going to win? If you see a bet with a plus in front, let’s say the Chicago Bulls +550 against the Milwaukee Bucks, the plus tells you how much you could win. If you bet $100 on the +550, you could expect to see $550 in profit if your bet comes good. This ratio still applies to lower stakes; if you bet ten bucks, you would win $55. When there is a minus in front of the number, then you should immediately expect to win less than what you stake. If the Bucks had -900 and you bet $100, then you would only win $11.11 profit. That means you would risk $100 on a bet, and only stand to win around 10% of what you wagered.

There are many ways to improve your moneyline odds. This includes browsing the game for a more specific bet with better odds. Or you could combine several moneylines into a parlay and enjoy much larger odds altogether.

What is a Moneyline 3-Way No Push?

Some sportsbooks offer you the chance to use a special moneyline bet called a moneyline 3-way no push. The best way we can describe this wager is to look at any soccer bet. When you look at a soccer game, they offer you a moneyline bet for the home team, the visitors, or if there is a draw. This is not a default bet when browsing other sports, like football, basketball, hockey, and baseball, because of overtime. This type of wager exists to give you the chance to bet on a tie and you will either win or lose; no push.

Removing the chance of a push from the moneyline bet drastically increases your odds. We don’t mean you have a higher chance of winning. We mean if you were correct with your prediction, you would stand to win more. The amount you could win varies depending on the sportsbook. At the PointsBet Sportsbook, the Flyers play the Jets and the traditional moneyline is +160 and -196, respectively. The moneyline 3-way bet is -125 Jets, +215 Flyers, and +350 for a draw. Introducing the third option makes it less likely for you to have a winning bet, but who wants a push, anyway?

Moneyline Calculator

It is not uncommon for new players to look for a moneyline calculator to help you stay in control of your betting. This is unnecessary for the best sports betting sites, as the bet slip is the perfect place to calculate your moneylines. It can be difficult on mobile devices to constantly flick between the bet slip and the various wagers you can place. We recommend either using a tablet or a good old-fashioned computer to add and adjust wagers quickly.

The reason we are advocates for the bet slip at a sportsbook is because of the live odds. If you use a calculator website, you have to manually enter your stake and the odds for every wager. This may not sound like too much trouble, but odds at sportsbooks change all the time, even inside your bet slip. So, there is no point in making all these calculations and then placing your bet to see a different outcome. The only way to secure a bet is to place it.

When to Place a Moneyline Bet

One of the hardest things to do when talking about sports betting is deciding what type of wager to place. Whenever you look at a sportsbook, you will see an enormous selection of sports and a vast number of wagers. Below, we have organized a few tips to help you place a moneyline bet at the right time.

  • Do you know the sport? The most common moneyline bet is to predict whether the home side or the visitors will win the game. This is one of the few online sports wagers where you need not worry about the scoreline, just which team comes out on top at the end of the game.
  • Who is playing? If it’s a sport you follow religiously, then you will know who are the star players and who is in form. However, injuries can occur and they can easily go under the radar. If you bet on a team to win and they turn up without their star player, you will not be thrilled!
  • Don’t be afraid to cash out! The problem we face with online sports betting is greed. Sure, there have been several times in our betting career where sticking to our guns has paid off. However, more often than you would think, you are better off taking the money. Sport is unpredictable, and lots of high-value bets can turn to zero in the blink of an eye. Would you feel regret that you could have made more? Or will you feel like a fool leaving with nothing when you could have taken a decent payday? Remember, don’t get too greedy!
Some NBA moneyline bets at DraftKings

Why Choose Moneyline?

No matter how much sports betting experience you have, it’s never easy to select the right bet. That’s where the moneyline bet comes into play, as it’s one of the most straightforward out there. Most American sports allow you to put a moneyline wager on either the home team to win or the visitors. This type of bet takes out a lot of the variables and guesswork, as you just need one team to win; it doesn’t matter by how much.

  • Why choose a moneyline? A moneyline bet is not necessarily a safe bet, but it’s safer than most. If you examine the game pages in a variety of sportsbooks, you’ll notice one feature they all have in common. The better the odds, the more complex they make the bet. This complexity can include variables, like the next few goal scorers, or it can include precise predictions about the scoreline and the number of fouls. Essentially, the moneyline bet is your best way to bet on the outcome of a game without worrying about the details.
  • Does that mean you are stuck with low odds? Although it can seem like you have little say over the odds, there are multiple ways to make your bets more rewarding. Some of the best sports betting sites give you bet boosts to increase the odds. Others offer you a variety of moneyline bets to give you a better choice. A final solution is to combine your bets into either a parlay or a round robin. This will give you much better odds, but at the cost of coming away with nothing.

Best Online Sportsbooks for Moneyline Wagers

Although the moneyline bet is a straightforward wager, major sportsbooks can vary drastically with the odds they offer. There is usually a consensus, so you won’t often find different favorites and underdogs at each sportsbook. However, you will often find a better deal on one sportsbook when compared to another. Below are just some of the best sportsbooks for moneyline wagers. Don’t forget to check our Bet Station reviews for more information.

Betway Moneyline Bets

The Betway Sportsbook is a fantastic choice for players looking to make moneyline bets. Not only do they offer you a superb selection of moneylines to bet on, but they are excellent for providing in-depth team stats. On the game page, you can find useful information about the team’s scoring statistics, win probability, and various other stats.

Moneyline Bets FanDuel

We examined FanDuel closely in our review and found it to be up there with the very best sportsbooks in America. This was because of its wide selection of sports and a wonderful variety of bets. The variety includes multiple different moneyline wagers, such as the 3-way no push.

PointsBet Moneyline Wager

PointsBet is a famous sportsbook for its unique type of wager, PointsBetting. You can find out more in our PointsBet review, but the sportsbook is also very good for moneyline wagers. They have a variety of options, including the 3-way no push and the chance to bet on each period of the game.

DraftKings Moneylines

The DraftKings Sportsbook is excellent for many reasons which you can read about in our review. However, the moneylines at DraftKings are well above average. This is because few sportsbooks offer as many sports as DraftKings, giving you an unrivaled range of moneylines to consider.

Final Thoughts on Moneylines

The moneyline bet is a perfect entry point for new bettors and a good bet for experienced players looking to create parlays. It is exceptionally difficult to predict the outcomes of sporting events, but it is easier to say who will win rather than who will score the first run, goal, or basket. It is easy to get carried away in the world of sports betting, which is why the moneyline is important. Remember, if you bet on the 2022 Super Bowl, the high returning spread bet would have failed, but the moneyline would have won.

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