Do you ever place bets on sporting events? If so, you may have come across the term “Moneyline bet.” But what is a moneyline bet, exactly? And how does it work specifically in bet365 Ontario?
In this blog post, we’ll answer those questions and more. So keep reading to learn everything you need to know about moneyline bets!
What is a moneyline bet?
A Moneyline bet is a wager on which team or individual will win a given match (the final result). You can place a moneyline bet by choosing the team you think will win before the match ends. You may see the odds spread out more towards the end of the game since the result will likely not change due to the time limit.
For example, in a football match between Barcelona and Real Madrid, the moneyline odds might look something like this:
- Barcelona -250
- Real Madrid +350
- Draw -110
In this case, Barcelona would be the favorite to win (indicated by the minus sign) while Real Madrid would be the underdog (indicated by the plus sign). To make a moneyline bet on Barcelona, you must risk $250 to win $100. To make a moneyline bet on Real Madrid, you must risk $100 to win $350. If you think the two teams will come to a draw, you need to bet $110 to win $100.
Tips: You don’t have to calculate these odds yourself. On most sportsbook platforms, you can type in the amount you want o bet, the total payout will be calculated and displayed to you.
The favored team doesn’t always win when it comes to moneyline betting. In the above example, say that instead of Barcelona winning the match 3-0, Real Madrid won 2-1. If you had placed a $250 bet on Barcelona, you would lose your money; if you had placed a $100 bet on Real Madrid, you would win $350.
Moneyline is a type of straight bet, which is the easiest to understand beside total and spread bet.
How to place a moneyline bet in Bet365?
To place a moneyline bet in the bet365 sportsbook, you can follow the following steps:
Choose the sport/league you want to bet on from the top menu
Underneath the sport, you selected, choose the country/region and then the specific league.
For example, “EPL”.
After selecting your league, choose the match you want to bet on. The markets for that particular match will be displayed on the right side of the screen. or below the navigation bar if you are using a table or mobile device.
Choose a match of your interest
Now choose the match that you want to bet on.
Click on the tab named “Main Markets”
The tab Main Markets are where most beginners start. There are many other bet types in the game, such as Same Game Parlay, Main Props, Player Props, Score Props, Team Props, Half, and Quarter.
Choose a team that you think will win
In the “Game Lines” table, you will see 3 rows: “Spread”, “Total”, and “Money Line”. Each rows has 2 columns representing 2 teams. You just need to choose the team you want to bet on. Besides the Game Lines, you will find other tabs like “1st Half” and “2nd Half”…
Set the Wager amount and click on “Place Bet”
After you have selected the team, it’s time to set your wager amount. The Wager Amount is how much money you’re willing to risk on this bet. If you win, you will get the Return amount which is equal to the Risk amount multiplied by the odds of that particular bet. Bet365 will show the total payouts for your reference, which is super convenient.
Should I play a moneyline bet?
Now that you know what a moneyline bet is, you’re probably wondering if it’s the right bet for you. And the answer to that question depends on a few factors.
First, you need to understand the odds and how they work. If you’re not comfortable with multiplication or division, then moneyline bets may not be right for you.
Second, you need to be okay with risking a lot of money for a small potential return. Remember, the favorite is not always going to win. If you’re not comfortable with that level of risk, then you may want to stick to safer bets like spreads or totals.
And finally, you need to be comfortable with the idea of potentially losing your entire bet. Moneyline bets are all or nothing; if you don’t win, you lose everything you’ve put down. So if that’s not something you’re okay with, then it’s probably best to steer clear.
If, however, you’re comfortable with the odds, the risk, and the potential losses, then moneyline betting might be right for you. It can be a great way to add some excitement to your sports betting experience.
The bottom line
Moneyline betting is a popular way to bet on sports, especially among beginner bettors. While it may seem like picking winners is easy, it’s essential to do your research before placing any bets. With careful analysis and some luck, though, you could find yourself winning big.