Why is this kind of bet so easy you ask?
Well, it’s because you only have to pick one single side to win in moneyline bets! The number of outcomes entirely depends on the kind of sports you are betting on. The outcomes generally range from two to three.
For example, punters bet on a single team or a player to win from the list of two players and teams on the moneyline bet. If we are talking football, boxing or other MMA fights, then the number of outcomes will exceed from two to three. This is because, in these types of sports, there is a third option called ‘Draw,’ where there is no loser or winner.
More often than not, the ‘Draw’ option will be made available by certain sportsbooks. Other times, instead of the option for an outcome for a draw, an option for ‘Draw No Bet’ will be given to punters.
For this option of ‘Draw No Bet,’ you will only have permission to place a bet on a winning team or a player. Once a punter has chosen a certain outcome on the events, the bettor’s winnings will be paid by the sportsbooks.
Therefore, if you win, you will be able to cash out both the stake and the win. However, if you lose, your stakes will be kept by the sportsbook. But, if the game’s outcome is a draw, then the sportsbook will only return the stakes back to you.
Perhaps, the absence of a ‘Point Spread’ is what makes a bet like moneyline extremely straightforward to wager.
Moneyline bets are actually different from spread betting where, in order to balance the number of odds on each side, a handicap is used.
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Why Punters Should Do Moneyline Betting?
The major reason for anyone to try out moneyline betting would be its simplicity. There are only three components and outcomes to this sort of betting. The three components comprise of the ‘Favourite Team,’ ‘The Underdog’ and ‘Evens or Pick’em.’
From these three components, you will have three outcomes. It literally doesn’t get any easier than this for Indian gamblers. Another reason for making moneyline bets is that it enables proficient players to bag in huge amounts of winnings per match.
If you are very skilled in predicting and are looking for a way to make the big bucks in a single bet, you should definitely indulge more in moneyline betting.
Maximize Your Advantages with Moneyline Bets
Although moneyline bets do not require any complicated mathematical calculations for you to place your bets, it still does not hurt to maximize your advantages for the win, does it?
If you too share this view, like all the other Indian punters, then here are a few pointers to take notes of, in order to maximize your chances of winning:
Keeping an Eye on the Weather
For you to be able to place your bets on the right team, you must keep an eye on the weather. This is because a lot of players play differently in case the weather changes.
For example, if Christiano Ronaldo is in his best form during sunny weather, he may not be in his best if it suddenly starts to rain on the field. While this isn’t a given for all players, it is somewhat true for most.
You will also notice that a few players may perform relatively well during the day and their performance may deteriorate during nighttime. In such cases, you not only have to check out the weather forecast from the time the game begins, but you will also have to do your research on the players.
Yes, it may take you a good while to figure out the changes in the performances of the players during weather changes. But, it will surely be fruitful while placing bets because sometimes, you may even end up getting an edge over the bookmaker.
Research the Team
Most Indian punters gamble for recreational purposes. However, wouldn’t the entire experience of online gambling be a lot more fun if you have deep knowledge of the odds and the markets?
Therefore, apart from doing your research on the weather-related aspects surrounding the players, you will also have to get done with a fair amount of research on both of the teams. The more knowledge you gain regarding each individual player on the team, the higher the chances will be for you to win the moneyline bets.
Betting Calculator
Sometimes you may end up making the silliest mistakes while calculating the odds. This is why a lot of proficient punters use betting calculators to avoid making any mistakes. If you share the same enthusiasm, it might not hurt to use a betting calculator before placing your bets.
These are all the added tips and tricks that you can use to your benefit while placing bets online.
Moneyline Betting Example
Let’s take the moneyline bets in American odds as an example. For American odds, the payout is calculated with 100 currency units as the baseline.
So, let’s say in a football game between Germany and Portugal, Germany being the Favourite team will have a (-) beside it, denoting the amount you have to wager.
For the underdog, and in this scenario, for Portugal, you will have to wager 100 currency units to win the amount beside the (+) sign. So, if Germany is -290 and Portugal is +230. If you bet on Germany winning, you will have to wager $290 to win $100. Here, $290 is the amount you are risking to win a solid $100.
The opposite applies when you bet on Portugal. If Portugal wins, you end up winning a sum of $230 on your $100 wager. In this case, you are risking $100 for a win of $230.
Pros of Moneyline Bets
Here are three pros of making moneyline bets on your favourite events:
- No complicated decision-making as there are only three components and three outcomes to take care of. This makes it a perfect kind of betting type for beginners who understand the basics of betting.
- You don’t need to be proficient at mathematics because calculating the odds for moneyline bets is an almost effortless task.
- Moneyline Bets allows skilled Indian gamblers to rake in huge amounts of wins. Therefore, if you are not yet skilled enough for complicated bets like accumulated betting and arbitrage betting, you can give the moneyline bets a try.
Cons of Moneyline Bets
Like all betting types, moneyline bets too have their downsides. Here are the three main cons of moneyline betting:
- No place for growth for skilled punters as there are no challenging aspects of moneyline betting. The rules are pretty basic for even newcomers to get the hang of.
- There are risks of sudden losses, causing proficient players who bet with large amounts of money, to end up incurring a huge loss that they might not recover from.
- Due to moneyline bets being extremely popular among Indian punters, the market movements are always being inspected by bookmakers, making the bets volatile.
Odds
The odds for moneyline bets usually have a very large range. Unlike handicap betting and point spread lines, the moneyline does not require you to carry out multifaceted calculations. So, no matter what odds a particular bookmaker is offering, a bettor will receive the amount he/she has won by making the moneyline bet.
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Offers & Promotions – Moneyline Betting
There are many offers and promotions that Indian gamblers will find on online gambling websites. There are exclusive deals, especially for newcomers who wish to try out the moneyline bets on upcoming events.
Most of these offers and promotions may include welcome bonuses like ‘bet $1 to get a whopping $100’ in return. Others may read ‘Risk-free bet up to a golden amount of $1000 for new gamblers.’ You may also receive $10 bonuses once every week to make a free bet on your preferred event.
The offers and promotions on each website can vary greatly. This is why if you are looking for a new sportsbook, do check out their bonus and promotions offer in order to make the most of your welcome bonuses and win free bets.
- Very good betting odds, especially in football
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- Virtual sports and casino on offer
- Very good betting odds, especially in football
- Multi-view in the live centre
- Virtual sports and casino on offer
What are the alternatives to moneyline betting?
A good alternative to moneyline betting is points spread betting. Compared to moneyline betting, points spread betting has a better payout.
Spread bets are very much prevalent for popular games of basketball and football among Indian gamblers. Although it is slightly more difficult to win a spread bet, gamblers may still opt for this one for its relatively better payout.
In essence, the spread bet is where gamblers predict how far apart the scores of the teams or players will be. An example can be a football game between Brazil and Argentina.
Suppose, Brazil is -2.5 and Argentina is +2.5, and you are placing your bets on Brazil, then you can only win this spread if Brazil wins by a 3-goal lead. Also, Argentina can make this a successful wager for you by losing no more than 2 goals behind.
Frequently Asked Questions
Punters, especially the ones who are new to moneyline betting, generally have a lot of questions that need to be answered before they can place their moneyline bets. So, here are some of the most frequently asked questions for moneyline bets:
How do I place a moneyline bet? If you are fairly new to moneyline betting and don’t know how to make the bets, do not worry because we have got your back! The first step towards understanding moneyline betting is to do thorough research on the team, and bet on the team you think will win.
As you already know, there will be two teams or players you have to bet on. And there will be three options for you to choose from.
Choose one of them based on your predictions and wait for the results. If you win, you will be able to cash out both the amount that you have staked and the amount that you have won. If you lose, you lose the amount you staked to the bookkeepers. If it’s a draw, you get the amount you staked back from the bookkeepers.
Is it possible to make multi bets? Yes. Moneyline bets are basically you betting on a single market. You can accumulate more than one market from different sports.
Can I cash out a still to be settled bet? Unfortunately, it is not possible for Indian punters to cash out their wins before the bet is settled. Even though some gambling websites allow to cash out wins during live bets, it is highly unlikely for Indians to be able to do so with moneyline bets.
Can I use my mobile for moneyline bets? Your favourite gambling website is now portable. Thanks to the technological advancement of mobile phones, you can now place your bets with your preferred bookmakers using your Android or iOS phones. This means that you no longer have to sit in front of your PC with that soaring back pain to make your bets.
Although, you have to keep in mind that only the popular gambling websites generally have apps for their mobile versions. You may or may not be able to find less prevalent sites on your app store. This is why, if the website you use has its own app, then you can, for sure use your mobile phone for placing moneyline bets.
You can also make the bets using your phone’s browser (only if your phone has the required specifications) to make the bets.
Should I expect to win every bet I make? Who doesn’t love winning every bet they make? Almost all the punters throughout India sit down to make their bets aiming for the big win. However, it is not always possible to win even after following the best strategies out there.
You will, one way or the other end up losing a few, regardless of how well you calculated the odds. Therefore, you cannot expect to win every bet you make.
How long time will it take, before my deposit is received by the betting site? Deposits made at UPI online bookies are instantly completed.
How long time will it take, before my withdrawal is received from the betting site? UPI withdrawals are slower than deposits but should be completed after approval.
Responsible Gambling
It can be hard to not give in to your impulses while gambling online. The more money you win, the more you want to bet. Similarly, the more money you lose, the more money you want to bet in order to redeem all that you have lost.
Either way, gambling can get you carried away easily. So despite all the losses and wins, it is wise to hold your horses before betting for the next game.
Yes, it may seem very difficult at first but the stronger willpower you have, the easier it will be for you. This way, you will not lose touch with reality entirely and take proper breaks in between to carry on with your daily activities.
You can also set a timer for yourself to keep your gambling under control. Other ways of gambling responsibly include the following:
Only Playing for Entertainment Purposes
This eliminates the risks of impulsive gambling. Do not treat gambling as a source of income or a pathway for dealing with sadness. When people gamble looking for a steady source of income, or when they are upset, they tend to become dependent on it.
To prevent yourself from losing control over your gambling impulses, only play because you want to have fun.
Expect to Lose
Losing is a part of gambling. So, do not set unrealistic expectations for yourself before you begin to play.
Stick to Budget
Never derail from the monetary amount you have set for yourself before placing the bets for the events. This will ensure the stability of your finances and help you to manage them even better.
There is also a rule, known as the 2% rule. Experts suggest that you should never use up more than 2% of your bankroll amount to invest in a single bet. We know how tempting it can be to increase the bets during football seasons. This is why the 2% rule will act as a precaution to help you stay within your budget.
You are Paying for Entertainment
If you lose, think of the money you lost as the price you are paying for entertainment. This way, you will be able to cope with the grief of losing a lot better. Moreover, this will also stop you from gambling impulsively to win back all that you have lost in one go.
Learn About Problem Gambling
If your gambling is getting out of control, it is time for you to educate yourself about problem gambling. This will enable you to seek out help to keep the impulsivity under control.
Nowadays, thanks to the advancement in technology, there are lots of added tools available on gambling websites that help you to set a time limit for yourself. These include ‘Self-Limitation’ and ‘Self-Exclusion’ tools. The self-exclusion tool comes in handy when you want to quit gambling entirely.
Recap of Moneyline Bets
To conclude, the Moneyline bets are great for winning. The chances of punters making huge wins increases if they are skilled and have been consistent with their practice over the years.
On the other hand, easy rules, odds and straightforward outcomes make moneyline bets the perfect type of bet for new punters.
So, if this guide has been of help to you, why not try out the moneyline bets on upcoming events and try out your luck? If you have the proper luck and the perfect strategy, we are positive that you will be able to take the win!