Question 1

What does a moneyline bet mean?

Accepted Answer

A moneyline bet is a wager on which team or player will win a game or match outright. The odds determine potential payouts, with favorites requiring a larger risk to win a smaller amount.

Question 2

How do American moneyline odds work?

Accepted Answer

American moneyline odds use positive and negative numbers to indicate underdogs and favorites. Negative odds (e.g., -150) show how much you need to bet to win $100, while positive odds (e.g., +200) show how much you’d win on a $100 bet. Larger negative odds mean a stronger favorite, while bigger positive odds signal a bigger underdog.

Question 3

Why are moneyline payouts different for favorites and underdogs?

Accepted Answer

Favorites have a higher probability of winning, so sportsbooks require a larger risk for a smaller reward. Conversely, underdogs are less likely to win, so they offer higher payouts to attract bets. This balance ensures sportsbooks limit their risk while still offering enticing odds for both sides.

Question 4

Can moneyline bets end in a tie?

Accepted Answer

In most major sports, moneyline bets are graded as a push (refund) if a game ends in a tie and no draw option was available. However, some sports, like soccer, offer three-way moneyline betting, where you can bet on a win, loss, or draw. Always check the rules before placing your bet.

Question 5

Is betting on the favorite always a good strategy?

Accepted Answer

Always betting on favorites is not necessarily a good strategy. Betting on favorites often means risking more for smaller payouts. That can be risky if an upset occurs. Successful bettors focus on value rather than simply picking winners. They consider factors like odds, implied probability, and situational analysis before placing moneyline bets.

Question 6

How can I improve my moneyline betting strategy?

Accepted Answer

You can improve your moneyline betting strategy by researching team and player stats, tracking odds movement, and line shopping. Managing your bankroll and avoiding emotional betting decisions are also key to long-term success. Finding value rather than just picking winners is crucial as well.

Learn the Basics of Betting on Moneyline Odds in 2025