{"id":1510,"date":"2023-01-22T10:30:49","date_gmt":"2023-01-22T07:30:49","guid":{"rendered":"https:\/\/parimatch.co.tz\/blog\/?p=1510"},"modified":"2024-02-09T19:42:27","modified_gmt":"2024-02-09T16:42:27","slug":"what-is-the-moneyline-in-sports-betting","status":"publish","type":"post","link":"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/","title":{"rendered":"What Is the Moneyline in Sports Betting?"},"content":{"rendered":"<p>Moneyline bets are the most simple form of sports betting for those looking to win big payouts with relative ease. Moneyline odds are so easy to understand, that it\u2019s really no surprise how popular they\u2019ve become with seasoned professionals and beginners alike.<\/p>\n<p>Moneyline odds are the first set of odds that the most profitable bettors look at when deciding where to wager their money \u2014 and for good reason.<\/p>\n<p>You might be wondering what moneyline bets are or how to read moneyline odds. Don\u2019t worry, you\u2019ve come to the right place.<\/p>\n<div class=\"btn-box\"><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=what-is-the-moneyline-in-sports-betting\" class=\"article__button button button_article\" style=\"\" target=\"_self\">Place moneyline bets at Parimatch<\/a><\/div>\n<p>This guide will cover what the moneyline is, how to read moneyline odds, how to calculate the moneyline payout, and other useful insights.<\/p>\n<p>Read on so you can be confidently equipped with all the knowledge necessary to start enjoying a fruitful sports betting campaign.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69de9a1477950\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69de9a1477950\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#What_Does_Moneyline_Mean_in_Betting\" title=\"What Does Moneyline Mean in Betting?\">What Does Moneyline Mean in Betting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#How_Do_Moneyline_Bets_Work\" title=\"How Do Moneyline Bets Work?\">How Do Moneyline Bets Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Understanding_Moneyline_Odds\" title=\"Understanding Moneyline Odds\">Understanding Moneyline Odds<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Favouriteunderdog\" title=\"Favourite\/underdog \">Favourite\/underdog <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Potential_payout\" title=\"Potential payout\">Potential payout<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Implied_probability\" title=\"Implied probability\">Implied probability<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Benefits_of_Moneyline_Bets\" title=\"Benefits of Moneyline Bets\">Benefits of Moneyline Bets<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Simplicity\" title=\"Simplicity\">Simplicity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Easy_way_to_find_value\" title=\"Easy way to find value\">Easy way to find value<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Big_payoffs_on_big_upsets\" title=\"Big payoffs on big upsets\">Big payoffs on big upsets<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Does_Moneyline_Mean_in_Betting\"><\/span>What Does Moneyline Mean in Betting?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Moneyline bets mean you are simply wagering on what the outcome of the match will be.<br \/>\nEven if you\u2019ve never officially wagered with a sportsbook, there\u2019s a good chance you\u2019ve made moneyline bets in the past.<\/p>\n<p>Have you ever said to a buddy something like, \u201cBet you Manchester City will beat Manchester United\u201d? If you have, then you just proposed a moneyline bet.<\/p>\n<p>Depending on the sport or event, there are usually three possible outcomes of a match. A team can either win, lose, or draw. Sometimes, a draw is unlikely or impossible.<\/p>\n<p>Take football, for instance, if it\u2019s an elimination game then a draw (push) isn\u2019t possible. In this case, the moneyline bets on a sportsbook would present 2-way moneyline odds.<\/p>\n<p>Now consider a regular-season football match where, unlike an elimination game, the match could potentially conclude in a draw. The moneyline odds on the sportsbook would present three options to wager on \u2014 otherwise known as 3-way moneyline bets or 1X2 \u201cto win\u201d bets.<\/p>\n<p>Depending on the sportsbook, you may see moneyline bets presented as \u201cto win\u201d bets. Don\u2019t worry, it\u2019s the same bet type \u2014 just a different wordage.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Do_Moneyline_Bets_Work\"><\/span>How Do Moneyline Bets Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you\u2019re in a moneyline (to win) marketplace, you\u2019re asked to pick the outcome of the match you\u2019re considering. If you guess correctly, you\u2019ll win your bet \u2014 it\u2019s as simple as that.<\/p>\n<p>Each possible outcome of the match will have moneyline odds associated with it.<\/p>\n<p>Take a look at this example from a sports betting moneyline on <a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=what-is-the-moneyline-in-sports-betting\">Parimatch<\/a>:<\/p>\n<p><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=what-is-the-moneyline-in-sports-betting\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1565 size-full aligncenter\" src=\"https:\/\/parimatch.co.tz\/blog\/wp-content\/uploads\/moneyline-2-2.jpg\" alt=\"\" width=\"600\" height=\"233\" \/><\/a><\/p>\n<p>You\u2019re able to determine this is a 3-way betting moneyline (1X2) because a draw is a possible outcome. The moneyline odds are the numbers next to each outcome. If you select <i>Kagera Sugar <\/i>to win, and they do, you\u2019ll receive a payout reflective of the decimal odds.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Understanding_Moneyline_Odds\"><\/span>Understanding Moneyline Odds<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The moneyline odds indicate three important factors, which all smart bettors must consider before wagering. Looking at the moneyline odds will reveal the favourite\/underdog, potential payout, and implied probability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Favouriteunderdog\"><\/span><b>Favourite\/underdog <\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The underlying theme with sports betting is weighing risk versus reward.<\/p>\n<p>Moneyline bets on the favourite are less risky thus less rewarding. On the contrary, moneyline bets on the underdog have more risk and yield a higher payout.<\/p>\n<p>Whichever team (or outcome) has the lowest decimal odds next to their name is the favourite. Logically, the team with the higher odds is the underdog.<\/p>\n<p>Sometimes the draw option is the favourite (most likely) outcome.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Potential_payout\"><\/span><b>Potential payout<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Perhaps the most important aspect of moneyline odds is the moneyline payout. After all, aren\u2019t the payouts the whole reason why bettors bet?<\/p>\n<p>With some very simple maths, you can calculate the total moneyline payout (and profit) by factoring in the moneyline odds.<\/p>\n<p>If maths isn\u2019t your thing, don\u2019t worry, most online sportsbooks like Parimatch automatically calculate the payouts for you.<\/p>\n<p>If you\u2019re curious how the formula works, here it is:<\/p>\n<p><b>Your stake * Decimal Odds = Total Payout<\/b><\/p>\n<p><b>Total Payout &#8211; Your Stake = Total Winnings<\/b><\/p>\n<p>For example, if you wagered 10,000 TZS on the home team to win at decimal odds of 2.0 the formula would look like this:<\/p>\n<p><b>10,000 TZS * 2.0 = 20,000 TZS (total payout)<\/b><\/p>\n<p><b>20,000 TZS &#8211; 10,000 TZS = 10,000 TZS (total winnings)<\/b><\/p>\n<p>If you picked correctly, you would profit 10,000 TZS or in other words, you would double your money.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Implied_probability\"><\/span><b>Implied probability<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Moneyline odds are the only way to determine the implied probability of a match.<\/p>\n<p>If you\u2019re uncertain what implied probability is, you\u2019re not alone. A lot of first-time bettors can get confused, but it\u2019s actually really easy to understand.<\/p>\n<p>Implied probability is simply the chance of an outcome happening according to the oddsmaker. When you calculate implied probability using moneyline odds, you\u2019ll be able to better understand the risk level of a bet.<\/p>\n<p>For instance, after calculating implied probability you\u2019ll come up with a percentage that illustrates the chances \u2014 i.e. <i>Barcelona<\/i> has a 90% chance to win.<\/p>\n<p>Here\u2019s the formula:<\/p>\n<p><b>(1\/decimal odds) * 100 = Implied Probability<\/b><\/p>\n<p>Here\u2019s an example using the moneyline odds from a <i>Ligi Kuu <\/i>match on Parimatch:<\/p>\n<p><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=what-is-the-moneyline-in-sports-betting\"><img decoding=\"async\" loading=\"lazy\" class=\"wp-image-1566 size-full aligncenter\" src=\"https:\/\/parimatch.co.tz\/blog\/wp-content\/uploads\/moneyline-1-2.jpg\" alt=\"\" width=\"600\" height=\"233\" \/><\/a><\/p>\n<p>Implied probability of <i>Young Africans<\/i> to win:<\/p>\n<p><b>(1\/1.30) * 100 = 76.9% chance<\/b><\/p>\n<p>Implied probability of a draw to happen:<\/p>\n<p><b>(1\/5) * 100 = 20%<\/b><\/p>\n<p>Implied probability of <i>Dodoma Jiji FC<\/i> to win:<\/p>\n<p><b>(1\/9.2) * 100 = 10.8% chance <\/b><\/p>\n<p>You may have noticed that when you add up all the implied probabilities, the number is over 100%. This is intentional by the oddsmaker. The remaining percentage is the bookmakers cut \u2014 commonly referred to as the bookmakers \u201cjuice\u201d.<\/p>\n<p>Check out our comprehensive guide if you want to learn more about <a href=\"https:\/\/parimatch.co.tz\/blog\/en\/how-to-read-and-calculate-sports-betting-odds\/\">how to read and calculate sports betting odds<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_Moneyline_Bets\"><\/span>Benefits of Moneyline Bets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There\u2019s a huge variety of bet types offered on Parimatch. Here are some of the reasons why sports betting moneyline is so popular among bettors across the globe.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Simplicity\"><\/span><b>Simplicity<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>By now you\u2019ve probably realized how simple moneyline bets are. Pick a team to win and you\u2019re done.<\/p>\n<p>This basic style of betting is very attractive to bettors. Why make it more complicated than it has to be?<\/p>\n<p>Of course, the other bet types out there are captivating as well but, the more intricate the bet, the more room there is for error.<\/p>\n<p>Also, the simpler the bet, the less you have to pay attention to when you\u2019re watching the event live. After all, most sports bettors are looking for a way to add some more excitement to a match \u2014 and a simple bet is the best way to do that.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Easy_way_to_find_value\"><\/span><b>Easy way to find value<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The most successful bettors don\u2019t bet on hunches, they bet on value. This means they scour through odds and pull the trigger on \u201chigh-value bets\u201d.<\/p>\n<p>Considering how simple moneyline bets are, it\u2019s much easier to spot value with moneyline odds relative to other bet types (handicap, totals, correct score).<\/p>\n<p>Consider the \u201ccorrect score\u201d bet type for example, where you\u2019re asked to predict the exact score of a match. It goes without saying that accurately predicting this outcome is much more difficult. As a result, it\u2019s harder to know if you\u2019ve come across a value bet.<\/p>\n<p>Now think of moneyline bets, where all you have to do is predict one of three (or sometimes two) outcomes. Simply calculate the implied probability of the moneyline odds and compare it against your own prediction. If you think the implied probability is lower than what you predict, you\u2019ve just found yourself a value bet.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Big_payoffs_on_big_upsets\"><\/span><b>Big payoffs on big upsets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Although moneyline bets are simple and great for beginners, it doesn\u2019t mean you can\u2019t win huge sums of money. In fact, some professional bettors only bet on moneyline odds.<\/p>\n<p>If you\u2019re looking to make the most cash with moneyline bets, you\u2019ll need to pinpoint matches that will result in upsets. That is to say, which moneyline odds aren\u2019t an accurate portrayal of what you believe will happen.<\/p>\n<p>Oddsmakers can\u2019t get their predictions right 100% of the time. Your duty as the bettor is to find moneyline odds that contradict your own predictions.<\/p>\n<p>When you back the bookmaker&#8217;s underdog, the odds will be much higher \u2014 resulting in a big payoff. In other words, the bigger the upset, the bigger your payout will be.<\/p>\n<p>Moneyline bets are a fantastic way to win loads of money but it\u2019s not the only avenue you can take. Here are some of the other most popular (and profitable) bet types that Parimatch offers:<\/p>\n<ul>\n<li><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-double-chance-betting-explained\/\">Double chance<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/what-is-handicap-betting-explained\/\">Handicap<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/asian-handicap\/\">Asian handicap<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/over-under\/\">Total (over\/under)<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/correct-score-betting\/\">Correct score<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/both-teams-to-score\/\">Both teams to score<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/draw-betting\/\">Draw<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/draw-no-bet\/\">No draw<\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/parimatch.co.tz\/blog\/en\/half-time-full-time-betting-strategy-explained\/\">Half-time\/full-time<\/a><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Moneyline bets are hands down the most popular bet type across nearly every online sportsbook.<\/p>\n<p>Since moneyline bets are simple to understand and relatively easy to win, it\u2019s no surprise how popular they\u2019ve become on Parimatch.<\/p>\n<p>If you\u2019re interested in seeing what moneyline odds look like on Parimatch, download our intuitive dual-language <a href=\"https:\/\/parimatch.onelink.me\/lTl0\/TZ\">mobile betting app<\/a> or check out our <a href=\"https:\/\/parimatch.co.tz\/en\">website<\/a>.<\/p>\n<p>You don\u2019t need an account to see moneyline odds, but if you do want to sign up, it\u2019s free to download our betting application.<\/p>\n<div class=\"btn-box\"><a href=\"\/regtel\/1?utm_source=tz_blog&amp;utm_medium=regtel&amp;utm_campaign=what-is-the-moneyline-in-sports-betting\" class=\"article__button button button_article\" style=\"\" target=\"_self\">Visit Parimatch<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>This is the easiest bet \u2014 but use it wisely<\/p>\n","protected":false},"author":1,"featured_media":1513,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is the Moneyline in Sports Betting?<\/title>\n<meta name=\"description\" content=\"How do moneyline bets work? 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Learn all about it in this simple betting guide for beginners.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/parimatch.co.tz\/blog\/en\/what-is-the-moneyline-in-sports-betting\/","og_locale":"en_US","og_type":"article","og_title":"What Is the Moneyline in Sports Betting?","og_description":"How do moneyline bets work? 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