Money Line Bet in Football
If you’re a newcomer to betting on sports, you might be wondering, “What is a money line bet in football?” Moneyline bets simply involve betting on the winner of a game without using the point spread. If you place a bet on a team that is a 3-point favorite, the odds are generally good. But if you bet on a team that is a 7-point underdog, the odds are lower. In that case, you should probably stay away from these bets.
Unlike other betting options, moneyline bets have no point spread. Rather, the player must pick a winning team or side. This is particularly important in sports such as soccer and European football. In boxing, MMA, and other sports, bettors must pick a winner. However, if the money line is high, the risk is relatively low. The point spread is an important tool when betting on a money line, since it gives you an idea of how much you can win with your bet.
Moneyline bets can also include a draw. In this case, the game is tied and all moneyline bets on the draw are returned. Sometimes, sportsbooks offer a three-way money line, which means a game could end in a tie. However, it is important to remember that the draw option is not available on all sportsbooks. If you’re betting on a game where the winner doesn’t emerge after regulation time, it’s best to stick with a 1-way bet.
What Is a Money Line Bet in Football?
The two teams whose money line odds are similar are called even games. The sportsbooks price both teams equally, making their winning and losing wagers the same. That means that you can win with a $100 bet on the underdog team. In that case, you should be prepared to risk $130 or more. And if your pick is successful, you can win with a $110 wager. So, how does the money line work?
In football, moneyline odds are based on implied probability of a team winning a game. In baseball, the odds are even more extreme, and results are more unpredictable on an individual game basis. For example, Alabama’s moneyline was -10000 (meaning that if it wins, you’d win $160) instead of $100. This is why underdogs have lower moneyline odds, but this doesn’t mean that they’re not worth backing.
Another advantage of moneyline bets is that the sportsbooks tend to take less vig on such bets. That means you get more value for your money. When you place a bet on the moneyline, you’re aligning your interest with the sportsbooks’. And if you’re a newbie, moneyline betting may be a good option for you. You’ll have a better chance of winning when the game’s spread is low and the sportsbooks’ margin of error is large.