Those who love football betting and never miss the latest super bowl odds are familiar with Moneyline bets. If you’re new in the sports betting world, it’s vital to understand how this incredibly popular kind of bet works.
Walk the Line
Sports betting is a lot of fun but can also get very complicated, especially for first-timers. If that’s your case, Moneyline is the best way to start. It’s one of the most straightforward kinds of betting, where punters put their money into the outcome of a match. Bettors can usually recover their wagers in case of a draw.
Here’s what a Moneyline bet looks like: Team A (-200) vs Team B (+120). Here, the odds are displayed by positive and negative numbers. Positive numbers are more rewarding and are usually assigned to the underdog of the match. The team that’s likely to win is the one that’ll reward less than you bet.
You can tell the favorites by the negative numbers. The lower the number, the more likely that team is to win. All these numbers boil down to how much you need to bet to win 100 bucks. If you’re betting on Team A, you’ll need 200 dollars to win 100. If you’re betting on Team B, you can win 120 bucks per 100 bucks wagered.
Both Sides of the Line
Now that you know how it works, it’s time to learn when to go with the top dogs and when to support the underdogs so that you can make the right picks from the Super Bowl odds. Here’s how to make the best of each option:
Going With the Flow
Backing the favorites pays less but pays more frequently. It’s an excellent strategy for betting on less popular matches. In the Moneyline, bets flow to the favorite, and the favorite’s odds go down. Less important matches will also have fewer punters, so the odds are higher even for the probable winner.
Against the Tide
The best sportsbooks calculate odds fairly, and when that’s the case, these numbers tell a lot about the expected outcome of a match. Still, sportsbooks are there to make a profit and make ends meet. So, it’s possible to find valuable information that hasn’t yet been translated into odds. Do your research, and don’t be afraid of backing the underdogs if there’s evidence that they could win.
You don’t need to be a sports geek to enjoy sports betting. Still, the more knowledge you have about your choices, the higher your chances to succeed. A Moneyline bet is a great way to begin exploring this new world.
All About Moneyline and Football Betting was first seen on Casino Life Magazine