What Is Money Line Bet
- What Is Money Line Betting In The Nfl
- What Is Money Line Betting
- What Is Money Line Bet In Football
- What Is Moneyline In Nhl Betting
- What Is Money Line Bet Nba
- What Is Money Line Betting In Baseball
Disjointedly that how to bet money line is patronizing you can hatchel unputdownable the sports bets you dulcorate. The Martingale is one of the oldest betting systems around. Here's how it works: You make your standard bet, say $5, on an even-money bet, such as red in. Chapter 6 Where’s the money? To pay off one’s debts “Whenever Ann loses a bet she refuses to pay off”. The biggest difference between making the kind of casual bets mentioned above and placing wagers with online sportsbooks or at brick-and-mortar bookshops is the use of sports betting lines.
The Parlay Calculator indicates how much money sports bettors can win if they placed a bet on a certain number of games. For example; if I were to place a $20 wager on 3-teams football parlay at -110 money line odds, my parlay payout would be $119.16.
What Is Money Line Betting In The Nfl
Therefore, the parlay calculator will count the amount of picks you have chosen (3), times the amount of each money line (-110), times your wager ($20) and then show you how much you would win on that wager ($119.16).
Please notice, when putting in favorites, you need to add the minus sign in front of the number. Example: If the Boston Red Sox are a PK -150 favorite vs. the New York Yankees, enter '-150' in the box.
Same thing with NFL Football, if the New England Patriots are a -7 point favorite, enter (-110). If they are -220 on the money line, enter -220.
How much does it pay and how do you win a parlay?
In order for a parlay bet to win, every one of your wagers must win or push (tie). If any of the other selections on your ticket loses, your wager loses, regardless of the outcome on the other games. Also, if one or more selections are a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. For example, if you place a 5-team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay. If you place a 2-team parlay and one team wins and one tie; the wager becomes a straight single bet.
Try it out, simply put in the numbers and the parlay calculator will do the rest!
What is a Parlay?
What is a 'Parlay'? Two or more teams or totals can be combined to make one wager. Let's say you bet $100 on the Pirates +150 and the Pirates over 8 at -120 in a two team parlay. Use the following steps to determine your winnings or should we say potential winnings.
Calculate the parlay factor for each piece. If the price of the piece is positive, simply add one to get the factor. If the price of the piece is negative, calculate the reciprocal, multiply by -1, and then add one (1.50 + 1 = 2.50 -1.20). Take the reciprocal or divide one by the negative price (1/1.20 = 0.83 + 1 = 1.83).
Multiply all factors. Multiply this factor times the bet amount. The result is the payoff (including your bet): 2.50 x 1.83 = 4.57. Now multiply the result by 100 (4.57x100). $457 is your total return if both pieces win (including your bet amount).
Subtract your bet from the figure calculated in 2. The result is your winnings $357 ($457 - $100 = $357). Did you get that? Or, go to www.parlaycalculator.com and let the calculator take care of it for you!
Do you need parlay betting advice?
If you're a parlay type bettor that likes to bet the total and side of a game, here's a piece of advice.
If you bet on the Favorite, take the OVER. If you like the UNDERDOG, take the UNDER. The logic behind this theory is simple.
For example: when a team is favored by 7 points or more with an OVER of 44.5, all you need is for the underdog to get up ahead or stay in the game as long as they can. Because the favorite is more likely to catch up and put up some points on the board, the percentage is good to cover the over. As for the dog, if they can keep the favorite off the board, the percentage of the UNDER and dog covering is on your side.
Say what you want against parlay betting, I like it! Many experts will discourage their friends from betting on parlays, I'm the opposite. If you buy a lottery ticket, in my view you're buying into the parlay strategy.
Sportsbook managers tell me all the time, 90% of the players end up losing their entire deposit. Get the best casino bonuses that you can get, while shopping for an online casino or sportsbook.
Take that bonus money and take a shot at a 5-team or 8-team parlay to try and get that one big score, go for it!
Don't do it every day and don't wager the farm! Here's what I like to do, come NFL season, I make my 1 or 2 big wagers and then I go 'parlay tripping' with an 8-team to 10-teamer. Let's face it; if you can hit an 8-team or 10-teamer, you're going to cash a nice ticket. Just live within your means and bet what you can afford to lose.
A single bet is the most commonly used betting type. It is a straight stake placed on the outcome of an event, for example, a Premier League football match, tennis match or horse race.
If the outcome of the event to which you have applied your stake actually happens, then you win. If any other outcome happens, then you don’t.
What is a Single Bet?
It is an individual, self-contained bet. Think ‘One Selection – One winning outcome’.
You will find this type of bet on any sports market that is available at any bookmaker. Solely focusing on what is a single bet, it’s the punter putting their money up against the odds supplied by a bookmaker on an outcome.
You are presented with the odds options, the risk and reward of your stake is then your own call to make.
The total winnings that are returned from a successful single bet will be totally dependent on the odds at which you struck your bet. The higher the odds, the bigger the winning return that the bookmaker will pay you.
The winnings are calculated by the amount of stake placed on the selection, multiplied by the odds. Winning bets get their stake returned.
If the single bet loses then you will be leaving all of your stake in the hands of the bookmaker.
How to work out a single bet?
The value of a bet is all in the odds that are offered by the bookmaker. This is where you have to try and assess what the value of the odds presented are.
If you want to work out a single bet, it’s fairly straight forward to calculate potential returns in both fractional and decimal odds format. Let’s get our math on (decimal is quicker and easier).
Fractional
Stake x (enumerator + denominator) / denominator = winnings
Example £10 stake at 5/4 odds
£10 x (5 + 4) / 4 = £22.50 (winnings only, original stake not included)
Decimal
Stake x odds = payout
Example £10 stake at 9.0 decimal
£10 x 9 = £90 (includes original stake)
What Is Money Line Betting
Winning and Losing example in Horse Racing
It’s the Grand National, one of the biggest races in the UK. There is a maximum of 40 horses permitted, so it’s a big field. You pick one of those horses called Old Mare. You place a £10 single bet on Old Mare to win at odds of 28/1 in the race.
Placing that bet means that the only scenario which sees that bet win is Old Mare crossing the line first. Those are big odds at 28/1 which actually calculate to only a 3.4% implied probability of her winning the race.
But you have studied form and think that she has a much better chance of winning than the odds imply. At least a 10% chance (which would be a 9/1 price). So you think the bookmaker has misjudged and set the odds way too high. Good news. This is something called a ‘value bet’ based on your own perceptions.
Old Mare literally has her day at the races and wins the Grand National. You were right. So you multiply your single bet stake of £10 by the fractional odds of 28 giving you a £280 winning return. You will also get your £10 stake returned.
If however, half way round, Old Mare decides she’s had enough, tires and fades away to finish anywhere in the field but first, then you lose your single bet stake. Remember that there are 39 other positions that she could finish in that would leave your bet as a loss.
Winning and Losing Example in Football
In a football match, there are always three outcomes. A home win, a draw or an away win. Whichever of those three options has the highest odds on them, is the one that the bookmaker believes is the least likely to happen (underdog).
At the other end of the scale, the one with the lowest odds is the one that they think is the most likely to happen (the favourite). Backing the favourite is less risky, but less profitable. Backing the underdog is riskier, but would return bigger winnings.
When you place a single bet on a football match, then you are needing one of three possibles outcomes to happen. There are two options waiting in the wings to trip you up.
What Is Money Line Bet In Football
For example, the draw in a football match can catch out a lot of punters. It’s Liverpool v Everton in the Premier League. You back Liverpool to win. Everton are resilient though and play out a 1-1 draw. Even though Liverpool didn’t lose the match, your bet on them would have lost because they didn’t win.
Each Way Single Bet
Going back to the example of Old Mare, a variation of a single bet that could have been applied is an Each Way option. That means that half of your stake goes on a “win’ and the other half on a “place”.
A place finish is for example in the Grand National, anywhere in the top five places except first place. First place is always a win.
If you have a £10 stake you would be playing a £5 each way bet as you are essentially placing the two bets in that single and the two stakes have to be even.
So if you placed a £5 each way (£10 stake) on Old Mare and she won the race, both parts of the bet (win and place) get paid back to you.
What Is Moneyline In Nhl Betting
If she comes home fourth for example (placed), you win just the “place” part of the bet, losing the “win” part. If she comes home anywhere outside of the top five, you lose both parts of the bet. The each way option on a single bet is a popular way to back selections with big-odds, as it cuts down on some of the risk that your stake is applied to.
What Is Money Line Bet Nba
Single Bet Strategies
What Is Money Line Betting In Baseball
There are many single bet strategies and really it’s all a personal approach and your own valuation of risk and reward. Backing smaller odds selections, those more likely to win more often, for example, is a single bet strategy in a very simple form.
Other punters may enjoy the bigger risk of playing for underdog success. Somewhere in the middle of all that is value. It’s learning how to spot the opportunities where you think bookmakers have higher odds on a selection than you think they should be.