People in the United States tend to associate sports betting with collegiate and professional football and basketball, but for the true sports enthusiast betting is also available for baseball, hockey, soccer or any other sport with which a backer can be found. Because of the amount of points typically earned in football and basketball, it’s
People in the United States tend to associate sports betting with collegiate and professional football and basketball, but for the true sports enthusiast betting is also available for baseball, hockey, soccer or any other sport with which a backer can be found. Because of the amount of points typically earned in football and basketball, it’s fairly simple to bet based on a predictable point spread, or in some cases to make an over/ under bet against the total expected points scored.
Because of the nature of other sports, it’s easier to set odds based on which team is expected to win the game, with a lower payout for picking the expected winner or a higher return on a bet for the underdog. The outcome of such games can often come down to a penalty or a star player having to miss the game due to injury or suspension, as such a situation can be the difference in a single point which determines the final game result.
What is Moneyline Betting?
Moneyline betting is in essence determining a direct winner based on odds which result in differing payouts rather than trying to determine a point spread of one point. What this means is that a $150 bet may result in a payout of $100 when betting on the favored winner, or a $100 bet can potentially result in $200 of winnings when the underdog team wins. It’s easier in football to determine based on averages that one team is expected to win by seven points, and that determines the spread. With the lower scoring games such as hockey or baseball, it’s too common for teams to statistically predict a tie or half point victory, which is impossible to make odds against using the spread point system.
Betting on the moneyline strategy is also called the 2-Way Moneyline Betting system, as the bet is against a win or loss, two points to consider before placing the wager. Such a system is in opposition to three-way betting, which considers not just which team will win or lose, but also includes how much they may score.
Why Use Moneyline Betting?
The reason to bet on moneyline is to account for the odds the teams have for winning or losing the game without trying to factor in a single point which is likely to determine the outcome. It’s not out of the ordinary for a basketball team to score 100 points in a game, or a football team to earn 35-40 points with touchdowns and field goals. Such high points allow for a simple system to average the amount of points each team scores in a game and how many points are scored against them, then compare the results of each to the other to fairly consistently determine the outcome of the game including not only the predicted winner, but how much they may be anticipated to win by. Because each game is different, it’s reasonable to bet with or agaisnt the predicted outcome. With a game such a baseball, the final score might easily be 1.3-1, which is not conducive to setting a point spread to bet against but is more easily addressed by changing the payout levels of a bet for the winning team.
Moneyline Betting in Baseball
Moneyline betting in MLB is fairly simple to learn and understand. If you plan to bet on the favored teamat odds of -150, you place a wager of $150 and win $100 for choosing correctly. If you want to place a bet against the team considered less likely to win at odds of +150, you’ll bet a hundred dollars to win 150. Such bets work by allowing for the odds to be factored in to encourage fair bets on each team without trying to determine whether a pitcher might decide to walk a star batter to 1st base instead of allowing for a home run opportunity.
Moneyline Betting in Hockey
The same concept applies to moneyline betting in NHL as too many factors can determine the final points scored which can’t be anticipated. It wouldn’t make sense to bet on a two point spread knowing full well a double penalty can take out two players from the same team and although the expected favorite still wins the game, they only win by one because of an extra point scored by the losing team. There are still situations in which the underdog can potentially win, otherwise there would be no reason to gamble on the game, but such a determination is expressed by the payout rather than a designated point spread.
All told, moneyline betting is a good strategy for the sports enthusiast to prepare for when determining their bankroll if they watch sports throughout the year rather than just keeping track of a seasonal sport. When conducted properly, betting on the moneyline will add to your total annual winnings if you treat it like any other bets by determining your strategy and sticking to it knowing any losses will be compensated for by a general knowledge of the sport which allows for more winning wagers over the course of the sport season.