Some of our favourites – as well as easiest to understand – include the following: There are a couple of different popular strategies punters can use when placing moneyline bets at online sportsbooks. Sometimes, placing bets on favourites just isn’t worth it, whereas other times sportsbooks undervalue likely victors. The one thing to keep in mind with moneyline bets is whether you are placing a worthwhile bet.
Punters can easily see which team is favoured to win in this matchup by the sportsbook. For example, an AU$100 bet on Collingwood would earn players AU$143, whereas the same bet on Richmond would earn AU$285. The odds will most likely be represented in the following manner:Ĭollingwood ( 1.43) vs Richmond ( 2.85)Now, if you wanted to calculated how much you could potentially win by betting on either of these two teams, all you would need to do is multiply your stake by the odds next to the team’s name. So, let’s say you want to place a moneyline bet on an AFL match between Richmond and Collingwood.
Although most sportsbooks will automatically show you how much you can win by making a particular wager, we will show you how to do it for yourself if you like. In Australia, the most popular format for displaying them is the decimal odds system.ĭecimal odds are extremely easy to read and calculate. There are three different types of way in which odds can be represented to punters. Thus, understanding how to read them is quite important. Odds are ultimately what tell you how much you could make on a potential wager. With all that said, moneyline bets are and will remain to be the easiest possible bets to make at any sort of sportsbook. These bets can only end in a win or a loss.īoth variations of the bet follow the same basic principle of picking a manner for the match to end, except one provides punters with more betting options. Or, they can place bets that cover overtime too and anything thereafter. In such instances, punters have the chance to place moneyline bets that only cover the game’s regulation period, in which it can end in win, draw or loss. So, if the game ends in a draw at the end of the regulation period, the game will enter overtime, and in the case of ice hockey, a shootout afterwards. Basically, some sports, such as ice hockey, always see a match win with a victor. (This is why some sportsbooks refer to these bets as “Match Result” or “To Win” wagers.)Īt most betting sites, there are generally two different types of moneyline bets to cater for the different types of sports. It doesn’t matter if one team outplayed another or if how long it took the team to win the game, it focuses on the end result. The bet does not involve looking into anything that happened in the game other than the result. If punters pick correctly, they win the bet. Quite simply stated, our guide states that moneyline betting involves picking a winner for a sports matchup that may involve teams or individuals.