Online bookmakers offer a wide range of betting markets. Still, one of them seems to be the most common — Moneyline.
In this article, we’ll discuss what Moneyline bets are and how to make your first successful Moneyline wager on the sport you like.
What is a Moneyline bet?
A Moneyline bet involves picking one team to win the match. It doesn’t get easier than that.
Bookmakers will present you with the odds for both teams (or players, if you bet on individual sports, such as tennis). Your job is to select the one you think will win, place a bet, and wait for the outcome.
However easy, Moneyline bets still require punters to understand the sport and the teams they’re betting on if they want to win the bet.
How to bet the Moneyline?
Here’s a simple step-by-step guide on how to make a Moneyline bet.
- Select an online betting site — Choose a bookmaker or a betting exchange that you like and open an account. You’ll also have to make a deposit using one of the accepted payment methods if you want to place real-money bets.
- Pick a sport — The majority of reputable online sports betting sites feature a wide array of sports, and all of them come with Moneyline bets. Therefore, pick a sport you like, and the bookie will display all the current and upcoming matches.
- Choose a match — Select one of the available games, and you’ll see all the available betting markets. Moneyline bets are usually listed first, as they are the most popular option.
- Pick a side — Select the participant you think will win. Before that, take a good look at the odds to determine whether they are the favourite.
- Make a bet — Enter the amount you’d like to bet on your selection and confirm your bet.
- Wait for the outcome — Wait for the match to wrap up. If your team wins, you’ll receive a payout.
Let’s take an example from real life.
One of the upcoming matches is Manchester United against Istanbul Basaksehir (group stage of the UEFA Champions League 2020/21).
Almost all football-facing bookies will offer the UEFA Champions League, so you’re most likely to find this game, no matter which bookmaker you choose.
Once you find and select it, you’ll notice that the first thing you can choose is the winner of the match. According to all bookies, Man Utd is a heavy favourite and is most likely to win.
The odds of the Red Devils winning are set to 1/4, as opposed to 11/1 for Istanbul Basaksehir. (Please take into account that odds change a lot as the match comes closer).
Therefore, if you bet £10 on Man Utd and win, you’ll win a total of £12.5. In other words, you’ll receive £2.5 on your initial wager.
Sure, that doesn’t seem like much, but placing a bet on Man Utd comes with minimal risk, so the reward is reasonable.
The odds of betting on Istanbul Basaksehir are 12/1, meaning you’ll receive £130 if you place a £10 bet. This is a very risky wager, as the team from Turkey is not very likely to win in the upcoming match — they are massive underdogs.
A draw is a pretty common outcome in football (Moneyline bets only apply to regular time, unless stated otherwise). Therefore, you can also make a draw bet if you think there won’t be a winner.
The odds for that outcome in the match of our choice are 11/2, meaning you’ll get approximately £65 on a £10 wager. Many professional punters would agree that a draw is a brave bet to make in this case, although it’s not impossible. If we were to judge by the odds, it’s certainly more likely than Basaksehir winning the game.
So, what’s the wisest bet to make for this match? Well, if you only focus on Moneyline bets, then the only logical thing to do is to bet on the Red Devils, however low-paying.
By the time this article is up, the match will be over, and you’ll know whether the predictions made in this article were correct.
Finding a balance
Betting on the clear favourite may not feel too challenging. On the other hand, predicting that a heavy underdog is going to win also carries considerable risk. What should you do in this case?
This is where your skill and ability to research come into play. Instead of just trying to guess the winner, try putting some time into researching the two competitors.
If they are teams, you should learn more about the starting players and tactics they are going to use. Moreover, find whether any of the players are injured or have been performing poorly.
If you bet on individual sports, make sure to learn more about the players and their duels in the past. Learn more about their recent performances in a given competition. For example, Nadal is dominant at Roland Garros and is more likely to win against Djokovic there, but that’s not the case with Australian Open.
There are plenty of things you can learn before making your final decision.
Your goal is to find a balance of decent odds and decent chances to win a bet. In other words, you should use your skill to decrease the involvement of luck.
Still, sports betting is gambling, so luck will always play an important role and should not be neglected.
Accumulator Moneyline bets
Many punters don’t find betting on just one match exciting enough, and that’s why they opt to make double, treble or accumulator bets (acca bets).
Doubles involve betting on two selections, and trebles on three. Acca bets are 4+ bets.
Instead of betting on just one, they select several matches and put them on the same betting slip.
For example, instead of betting on just Man Utd vs Istanbul Basaksehir, football fans would often include other matches that are part of the same competition. Rennes vs Chelsea, PSG vs RB Leipzig, and more.
Your job is to select the matches in which you think you’ll be able to predict the winner and place a bet.
Acca bets multiply the odds of all your selections to create final odds which indicate how much money you’ll win. The only challenge here is that you have to get all your choices right to win money.
To sum up, making Moneyline bets is easy, and that’s where every new punter should start. Moreover, it is the most popular type of bet, as it is present in all sports, unlike other betting markets that are often specific to certain games.
Moneyline wagers do not require understanding difficult concepts or doing extensive research before making them (although that will always improve your chances).
If you want to place a Moneyline bet on a sport you like, all you have to do is select your preferred online bookmaker, open an account, and start your sports betting journey.