A Moneyline bet is one of the simplest and most straightforward types of bets in sports betting, including football. In this type of bet, you are wagering on which team will win the match, with no consideration for the point spread or goal difference. The odds are presented as either positive or negative numbers, indicating the potential payout based on a $100 wager.
In a Moneyline bet, you have two options to choose from:
Betting on the Favorite: If the Moneyline odds for the favorite are presented with a negative sign (e.g., -150), it means the team is expected to win, and you must bet that amount to win $100. For example, if you bet $150 on a favorite with -150 odds and they win, you would receive a total payout of $250 (your original $150 bet + $100 winnings).
Betting on the Underdog: If the Moneyline odds for the underdog are presented with a positive sign (e.g., +200), it means the team is considered less likely to win, and you stand to win that amount for every $100 wagered. For example, if you bet $100 on an underdog with +200 odds and they win, you would receive a total payout of $300 (your original $100 bet + $200 winnings).
Research the Match: Analyze the teams' current form, head-to-head records, injuries, and other relevant factors that may influence the match's outcome.
Check Moneyline Odds: Look for the Moneyline odds provided by various bookmakers. The favorite will have negative odds, and the underdog will have positive odds.
Choose Your Bet: Based on your analysis and confidence in the teams, decide whether you want to bet on the favorite or the underdog.
Calculate Potential Payout: If you decide to bet on the favorite, divide your bet amount by the absolute value of the negative odds and multiply it by 100 to calculate your potential payout. If you choose the underdog, divide your bet amount by 100 and multiply it by the positive odds to find your potential payout.
Place Your Bet: Once you've made your decision and calculated the potential payout, place your Moneyline bet with the chosen bookmaker.
Wait for the Outcome: Watch the match and see if your chosen team wins. If they do, you will receive the calculated payout based on the odds and your bet amount.
Moneyline bets are popular among bettors due to their simplicity and ease of understanding. They are especially common in sports like football, where the point spread might not always be as relevant as in other sports.