What Is a Moneyline Bet?
No matter whether you are an experienced or a first-time punter, you should always be ready to test different betting markets to be able to choose your most profitable option. The more you bet, the more winning chances you have. And in this insightful post, we’ll take a deeper look at the meaning of moneyline in betting. Or how we call it – Winner or To Win betting.
So far, it’s one of the most popular betting options widely used by new and professional punters. Moreover, some bettors say that it’s one of the easiest ways to wager on sports. Well, what is the moneyline? Why should you choose this betting option? Is it profitable? Get comfortable and have a look!
What Does Moneyline Betting Mean?
A moneyline bet is a type of bet where you need to choose one of two teams to win the match. On our Parimatch platform, you can find it with the name “Winner betting” (both terms mean exactly the same - to bet on a winner). Simply put, this is where you have two possible solutions: the right answer or the wrong answer. Bookmakers determine the moneylines based on the chances of both teams to win the match.
In sports betting, absolutely each team receives a separate numerical value for punters to bet on. These numbers are called “the odds”. They are set by bookmakers based on how well the opponents match up.
Let’s take a closer look at the example:
| To Win | |
| BIG | 1.75 |
| Astralis | 2.01 |
At Parimatch, we use decimal odds that display the total amount of money that you can win for a certain stake. If you bet 100 NGN on the BIG, the total sum that you’ll get will be 100x1.75 = 175 NGN, where your pure profit is 75 NGN.
But if you wager 100 NGN on the Astralis, you’ll get 100x2.01 = 201 NGN, where your pure profit is 101 NGN.
In this case, the Astralis are considered the underdogs. That’s why it is risky to bet on this team. However, if it wins, you’ll also win more! Simply put, you’ll get a bigger reward.
Outcomes in a Moneyline (Winner/To win) Bet
Let’s list all possible outcomes on a moneyline or, as we call it, winner bet:
- Win
You win when you correctly predict the winner of the match. It can also be a draw if it is offered as an outcome. In some instances, the “draw” is offered as one of the options in football games or basketball matches (1X2 betting).
- Loss
You lose when you predict the winner of the match incorrectly. You can also lose if you don’t choose “draw” for a match.
It doesn’t matter whether you are betting on the underdog or the favorite, your main goal is to predict the right outcome of the event.
Moneyline Odds
When browsing the web, you’ll find an array of bookmakers, and all of them use different types of odds. However, all of them are used to express the same thing - the probability of a team to win the game. When it comes to moneyline betting, American and decimal odds are used.
American odds are also called moneyline odds; they are mostly used in the USA and have the following format:
- Team 1 +230, Team 2 -210
How to calculate the profit? In fact, everything is easier than you might think. To calculate the profit of the first team, the following formula is used: Payout = (stake/100) x odds. Let’s see how it is applied for our example:
- Team 1: Payout = (150/100) x 230
To calculate the profit for the second team, you need to use this formula: Payout = (100/odds) x stake.
When you see “+” before the odds, this means that the team has lower chances to win the game. However, “- “means that this team is expected to win the game.
At Parimatch, we use decimal odds. They are easier to understand and show the total amount of money that you can win for a certain stake. The following formula is used to calculate your payout:
- Payout = stake x odds.
For example, if you see that decimal odds are 7.0 and you wager 5 NGN, the total amount of money that you’ll get is as follows: 5 x 7 = 35 NGN, and your pure profit is 30 NGN.
In fact, we have moneyline odds explained in greater detail. It is always a good idea to find out more about the odds before you make a deposit and place your first bets.
Moneyline and other Types of Bets
First-time bettors usually don’t have enough experience and have not the slightest idea of how to properly place bets. And the greatest challenge is to properly choose a bet type. So let’s get down to differences, similarities, and correlations of a moneyline bet with other bet types.
Moneyline and Winner Bets
In fact, moneyline betting is much more popular in the USA. And the term “win bet” is used in other countries. If you wager on the moneyline, this means you consider the team or player you wager on will win the match. And, of course, if they win, you win too. A moneyline bet doesn’t require a team to win by a specified margin as compared to a point spread. Therefore, both terms mean exactly the same - to bet on a winner.
Moneyline and 1x2
These betting markets are different and the main difference is the availability of the draw option. The thing is that To Win betting has two options to choose from: Team 1 wins or Team 2 wins. But the 1x2 betting market is different; it has three possible outcomes: Team 1 wins, Team 2 wins, or the draw.
Moneyline and Point Spread
As we have already mentioned, the outcome of a winner bet is determined by which team wins the game. However, a point spread bet is completely different. In this case, the outcome is contingent on the handicap applied to each team or player in the matchup.
In fact, the point spread is a betting option where the favorite team is handicapped by a certain number of points. Bookmakers do so to make betting on either side of a match a more accessible option for punters, especially when they are eager to back a prohibitive favorite.
The point spread is used to get the same amount of money bet on absolutely each side of the game, and this, of course, removes the risk from their perspective. In general, a handicap bet is actually the same thing as a point spread bet.
Which Sports Use Moneyline Betting?
In general, a winner bet is one of the easiest and most basic bet types in sports betting. However, it is not used in all sports. So far, to win betting is available in e-sports and tennis, but for football and basketball, more likely is 1X2 soccer.
How to Bet the Moneyline
Now, when you know everything about moneyline (winner/to win) bets, it is time to test your luck and place your bets. But first, you need to register your account. On average, this procedure takes a second. You only need to provide us with your phone number and that’s all! After that, create a secure password. Now, you are a part of our sports betting community.
To place a moneyline bet, you need to make your first deposit. At Parimatch, we have an array of banking options. Choose the one that suits your needs and top up your account. Finally, you are ready for betting. And here’s a comprehensive guide on how you can do this:
- When you log in to your account, choose the event to bet on. Choose “Sports” to see all of the options available.
- For example, you are betting on Esports. Click on it, and you’ll see all available matches:
- If you bet on WINDINGO vs B4 Academy, you have the following odds: Team 1 - 1.25, Team 2 - 3.75. In this case, the B4 Academy are underdogs. If you bet 10 NGN on this team and this team wins, you’ll get 37.5 NGN where your pure profit is 27.5 NGN.
- Click on the chosen event and place your bets. That’s all! Now, you need to wait for the match and see the results. If your bet wins, you’ll also win!
How to Win a Moneyline Bet
Firstly, we’d like to pay your attention to the fact that sports betting is unpredictable. No one can give you 100% guarantees that your bet will win or lose. However, when it comes to winner betting, the only thing that you need to do is to choose a winner. Here are a few strategies that you may use.
Moneylines and Implied Probability
The main goal of moneylines at a sportsbook is to display the current market expectation of the upcoming game. This is where you need to monitor the betting market to find out more about event probabilities. And to predict the implied probability from a moneyline, you need to substitute the value of the American odds for “x”. Here are the formulas:
- Positive odds: 100/(x+100);
- Negative odds: x/(x+100).
Moneyline Strategy: Betting on Favorites vs Betting on Underdogs
When it comes to winner betting, the main challenge for punters is as follows - to bet on the underdog team or the favorite. In fact, it’s up to you to decide. However, when you are betting on the favorite, you’ll get less money if your bet wins. Betting on the underdog team is riskier, but in this case, you’ll get more money. Underdogs are usually more attractive because they offer more value. But it’s up to you to decide!
Moneyline Live Betting
At Parimatch, you have two options to choose from - to place pre-match or live bets. The main reason why punters opt for the moneyline live betting is that this option allows them to correct a mistake and amend loose ends. In other words, live betting allows you to change positions at the right moment. You watch the match, analyze the performance of both teams and place your bets at the most auspicious moment.
Moneyline Parlay Betting (or Multibet)
You should also remember that at Parimatch, you can get the most out of a moneyline bet. You have a chance to tie together various To Win bets and have a chance to get a larger payout. In this case, it works in the following way - the more moneyline bets you add to your multibet, the more money you can win.
Nevertheless, there’s one aspect you need to be aware of - your winner multibet wins only when all the picks in your parlay are correct. The more picks you have, the more you win. However, if at least one bet pick is incorrect, the whole multibet loses.
Betting Sites in Nigeria to Play Moneyline
When browsing the web, you’ll find an awful lot of sportsbooks that allow you to place moneyline bets. But can you be sure that all of them are legit, safe, and trusted? Unfortunately, not. If you are looking for a time-proven and licensed bookmaker with a solid reputation on the sports betting scene, go to Parimatch - an international brand with over 28 years of experience in this niche!
At Parimatch, we can meet the requirements of the most demanding users. We have an array of banking options to make deposits and withdrawals quickly and easily. Our mobile-compatible site allows you to play winner bets on the move whenever and wherever you are. An unsurpassed variety of betting markets available at Parimatch can increase your winning chances.
When you have some questions seeking clarification, don’t hesitate to contact our support team, which is online 24/7 to answer your requests. Overall, sports betting with Parimatch is easier, more exciting, and profitable!
Summary
Well, what is the moneyline? As you can see, it’s the easiest betting market where you are wagering on one side to win outright. Bookmakers set the money lines based on the chances of both teams to win the match.
So far, To Win bets are extremely popular among punters that prefer wagering on different kinds of sports. It’s time to counter your concerns away and place your first bet on a winner!
Moneyline Betting FAQ
How Does a Money Line Work?
When you choose a moneyline bet, you are wagering on which team will win a match. If you wager on the moneyline, this means you consider that the team you bet on will win the match. The score is not taken into consideration. If the team wins, you also win.
Is Moneyline a Good Bet?
So far, it’s one of the best betting markets available on the web. It is widely used by first-time bettors because it’s very easy to understand and by professional punters as it allows them to get huge wins.
Are Moneyline and Winner the same type of bets?
Yes, Moneyline and Winner (or To Win) bets mean exactly the same - to bet on a winner.