Moneylines are sports bets on which team or individual will win a game or event. These types of wagers are often used when the point spread in a competition is typically so small that there is no acceptable way to establish odds for spread bets. The most common sports where money line wagers are available are ice hockey, soccer, baseball, and MMA.
The best moneyline betting sites are those that specialize in these popular and easy-to-understand wagers by offering them on most major markets and events. Many beginning punters choose moneylines because they are easy to understand and research when compared to other types of sports bets.
Best Moneyline Betting Sites and Apps
Moneyline bets are offered on events where a clear winner will be established at the end (unless there is a tie). The best moneyline betting sites establish odds on each event to determine the favorite and underdog. The favorite for an event is the team or individual that is statistically likely to be victorious. On the other hand, the underdog is the team that is likely to lose the game or event. With American odds, the favorite on the moneyline wager will be listed as a negative number (-110 as an example) while the underdog will be listed as a positive number (+110). The positive number is how much you will win by wagering $1.00 while the negative number is how much you need to wager to win $1.00 on a moneyline.
Using an ice hockey game as an example, suppose team A is playing against the Washington Team B with odds listed as +160 for team A and -120 for team B. This means that, should you make a moneyline wager on Team A, you would win $1.60 for each $1.00 that you wagered, supposing that they won the game, of course. On the other hand, a wager on Team B would require you to wager $1.20 to win $1.00. If you placed a wager of $20.00 on either team, your winnings for that team being successful would correspond to $32.00 for Team A and $24.00 for team B. These same moneyline calculations would apply to any other game listed with the same respective odds.
Attributes of a MoneyLine Betting Site
The best moneyline betting websites will also offer you special bonuses and promotions. Software that is easy to understand, acceptance of popular deposit methods, and overall reputation are all factor that we consider for our listings.
Researching moneyline bets is as simple as determining which team or individual is the most likely to win a game or event.
Wes Burns has more than a decade’s worth of experience as a writer, researcher, and analyst in the legal online betting industry and is co-founder of OnlineBettingSites.com. Wes approaches his work from the viewpoint of players.