What Does Moneyline Mean In Sports Betting and Wagering? Definition and Examples by Expert Handicappers at Docsports.com. PM/LR head tail game tips, trick, PM game, perfect money online casino, LR Liberty Reserve casino, PM head tail, perfect money head tail game online.
Before we had the options of wagering on future bets, parlays, teasers, alternative lines, Asian lines, prop bets and each-way, there was one betting option that reigned supreme. It was the money line bet. From a non-gambling perspective, winning a game in any sports will make a team happy. However, depending on the score, that win may not please bettors. That's because the point spread betting option has taken over as the popular option, leaving the money line far behind. If you are the kind of person who bets on your favorite team each and every game, this is the bet for you. There is nothing worse than watching your team win the game, but lose you money by not covering the point spread.
What Does Money line Mean?
The money line bet is the simplest form of betting in the industry. A 'money line' bet is a way of betting on which team is going to win the game outright, or which individual will win an event. With a money line bet, the margin of victory or the total number of points a team scores do not matter. If you like the Patriots to win outright versus the Browns, a 3-0 win would win you just as much money as a 77-0 win.
Unfortunately, the profit from winning a money line bet could be drastically different depending on if you bet on the favorite or underdog.
Money Line Odds
The money line bet always relates to bets of $100. A favorite will be represented by a negative money line figure such as -180. This means that in order to profit $100 off your winning bet, you would need to risk $180 dollars. But as I'm sure you already know, you can risk any amount you are comfortable with and the payment (should you win) will be in proportion to the odds. For example, a $50 bet on a -180 line would win you $27 dollars.
When betting an underdog on the money line, you will notice that they have a positive price attached to them. For example, if the underdog you like was +195, a $100 bet would profit you $195 dollars for every hundred put down.
The money line odds will always be different aside from the plus or minus – those are the only constant. The favorites will always have a negative value, which is how the sportsbooks make their money.
What Sports Can I Bet the Money Line On?
You can bet the money line option in every single sport that is offered up. It is the simplest form of betting and it is also the primary way to bet sports in which a point spread isn't available (think hockey or baseball). Money line wagers are also available in football and basketball, but the point spread wager is much more popular. It is also used in tennis, golf, boxing, MMA, cricket, table tennis, and any other sport you can think of that has a winner at the end of the game.
Are Money Lines the Best Betting Option?
Money line bets are particularly attractive to square bettors when they are looking at underdogs. They see a nice high positive number and think that the payoff is significant enough to be worth the risk. Unfortunately, underdogs are underdogs for a reason, and it's usually because they aren't very good. However, when the right opportunity presents itself, a money line bet on an underdog can grow your bankroll quicker than betting favorites would.
Money Line Calculator
Now days, most online betting sites have the money line calculator built right into the betting window. It'll tell you how much you stand to win on any bet amount you can think of. If you find yourself in a Las Vegas sportsbook and have to quickly do the math, here is how to do it.
Example 1: Underdogs
Potential Profit = Stake x (odds/100).
$50 Stake on +120 odds.
$50 x (120/100) =
$50 x 1.20 = 60
Potential Profit = $60.
Total potential profit + Stake =
$60 + 50
=$110.
Example 2: Favorites
Potential Profit = Stake / (odds/100)
$50 Stake on -200 odds.
$50 / (200/100) =
$50 /2 = 25
Potential Profit = $25.
Total potential profit + Stake =
$25 + 50
=$75.
Doc's Sports is offering $60 worth of handicapper picks absolutely free - no obligation, no sales people - you don't even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc's Sports Advisory Board list of expert sports handicappers. Click here for more details and take advantage of this free $60 picks credit today .
Table of Content
Sport betting in Nigeria and even around the world at large is becoming more like a national sport itself.
As of 2014 it was estimated that over 60 million Nigeriansare involve in this practice of sport betting per day.
That is to say that around 30% of the country'spopulation are really engaging in staking their money for sport bet.
And the question is…
What really are these persons gaining engaging inbetting activities?
Is there money in the sport betting industry?
Are people really making money in sport bet?
How profitable is the business?
Is sport betting legal?
Well
Sport betting is one of the easiest way to makemoney online in Nigeria and Nigerians are actively engaging in it which has nowserve as a means of daily income for many.
Now
What is Sports betting?
According to Wikipedia, Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
Are Sports Betting Online Illegal?
There are NO prohibitions against gambling online, and that includes betting on sports. It's not explicitly legal, but it's not explicitly illegal either. The UIGEA makes it illegal to process financial transactions relating to online gambling. There are no federal laws that specifically make it illegal to bet online.
These headlines below are prove that sports betting is a worldwide thing and the reason why majority in Nigeria are keying into it
History of Sports Betting
Sports in general now play an important role inour everyday life. People now enjoy both playing in sports as well as being afan, cheering on their favorite team. Not only do fans simply enjoy watchingbut they also like to bet on the events. Sports betting actually has a longhistory and has been around for centuries.
Nowadays one can bet practically on all sports events and sports disciplines. Either personally in a bookie office or on the different internet platforms likeNetBet. There are many possibilities to make profit with sports bet knowledge. But, where does the sports betting come from? When was bet for the first time?
Historians find it rather difficult to determine exactly when sports betting began. They do know it's been around for thousands of years when people placed wagers on the outcome of an event.
Betting was common in Ancient Rome where bets could be placed only in the city of Rome at chariot races or the circus. Of course, legality has never stopped people from placing bets. The pastime continued through the years into modern times.
One thing about sports betting does remain true andthat is the fact that it is regarded as a legal activity.
Through the centuries, the prevalence of bettingvaried according to the tide of politics within a nation's government.
In recent times, one of the biggest changes in sports betting is the addition of the internet. When casinos began to offer their games online, the past time took off. Adding sports betting to online gaming was a natural fit as well.
In fact, sports fans find it much more convenient to place their bets online. Also, with the availability of numerous sports book sites like NetBet, fans can shop around for the best odds as well as promotions being offered.
Today, sports betting is a major industry andattracts a lot of customers. Given this success, it appears to be around forgood.
'The pastime continued through the years intomodern times.'
Modern sports betting came about primarily fromhorse racing.
In the UK, betting on horses became popular in theearly 18th century once more the two-horse races became common.
New World countries followed suit and by the late19th century countries like US, Canada and New Zealand had formally establishedlaws to govern gambling.
The next major advancement in sports betting wasthe emergence of online casinos in the 1990's and related sportsbooks.
Betting Games Online
There are now hundreds of online sports bettingoptions that are beginning to dominate the traditional bookmaking.
The difference of the betting exchanges to the bookiesconsists in the fact that the odd is fixed not by a bookmaker (as it is usualat the bookies), but that the customers offer the bet themselves and agree onthe odds.
Betting The Money Line Football
Timeline of Major Online Sports Betting:
1921 first football betting in England
1934 football betting in Sweden
1961 first legal bookies in England
1974 Bet365 was founded (english bookie – one of the oldest provider of sports betting)
1997 first online bookies Interwetten and Bwin
Video Game Betting
1998 followed online bookie Sportingbet
1999 first betting exchange Betfair
1999 followed Expekt
2001/2002 followed Betsson
2002 followed Mybet
And the list goes on and on
Sports Betting Odds
Sports betting is all about odds. The term odds isused in sports betting to describe the returns a user can earn on a successfulbet. Odds are often referred to as prices, in reference to the value of a beton a particular selection.
Game online jackpot. Odds are offered in three different formats,Fractional, Moneyline and Decimal odds. The decimal odds is the easiest tounderstand.
Decimal Odds: Decimal odds are also known as Continental Odds or European Odds, and are popular in Europe, Canada, and Australia.
These odds reflect the payout on a successful bet in decimal form and factor in the return of the stake.
For example:
A user bets N1,000 on Barcelona to beat Inter Milan at odds of 2.50. If Barcelona wins the match, the user will be paid out: 2.50 x 1,000 = N2,500. The N2,500 payout reflects the fact that the user has only earned N1,500 from the bet, as the stake was included in the payout.
Online Sports Betting in Nigeria
Sports betting in Nigeria has become a big deal.
The upside is that, it has made paupersmillionaires.
The downside is that it has also created quite anumber of paupers.
Now the question is –
Why do both the youths and old love sportsbetting?
The reason is because it is guileless,entertaining, and it gives us an opening to make some money online.
However, if you are a first-time better, step on the brakes. Do not rush off to start staking your incomes just yet.
If you are too hasty you could make decisionsthat can ruin you financially.
Be smart and knowledgeable and you may justmake millions simply from betting.
Onlinesport betting offers Nigerian punters opportunities to make money online off their passion (sports), by offering bets on matches from the English Premier League, La Liga, the UEFA Champions League and many other exciting football leagues around the world including the UEFA Europa League.
How can I Win Sports Betting 8 Easy Ways To Win
As stated earlier, there's no need to rush when itcomes to predictions. To make the most out of sport bet you need to followthese simple tips;
- Know your sport inside out. The more knowledgeable you are about the game the better your chances of predicting rightly.
- The favourite doesn't always win. Have it at the back of your mind that sport betting is not all about your favourite it's about predicting rightly
- Don't just stick to one bookmaker – try to shop around.
- The fewer selections, the better your chances of winning the game
- Avoid the temptation of odds-on prices.
- Consider the less obvious markets.
- Make sure you understand the markets.
- Don't bet with your heart.
BasicTerminologies used in sport betting
1,X,2 – the simple bet, 1 means home win, X means draw and 2 means away win
Now
What is Sports betting?
According to Wikipedia, Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
Are Sports Betting Online Illegal?
There are NO prohibitions against gambling online, and that includes betting on sports. It's not explicitly legal, but it's not explicitly illegal either. The UIGEA makes it illegal to process financial transactions relating to online gambling. There are no federal laws that specifically make it illegal to bet online.
These headlines below are prove that sports betting is a worldwide thing and the reason why majority in Nigeria are keying into it
History of Sports Betting
Sports in general now play an important role inour everyday life. People now enjoy both playing in sports as well as being afan, cheering on their favorite team. Not only do fans simply enjoy watchingbut they also like to bet on the events. Sports betting actually has a longhistory and has been around for centuries.
Nowadays one can bet practically on all sports events and sports disciplines. Either personally in a bookie office or on the different internet platforms likeNetBet. There are many possibilities to make profit with sports bet knowledge. But, where does the sports betting come from? When was bet for the first time?
Historians find it rather difficult to determine exactly when sports betting began. They do know it's been around for thousands of years when people placed wagers on the outcome of an event.
Betting was common in Ancient Rome where bets could be placed only in the city of Rome at chariot races or the circus. Of course, legality has never stopped people from placing bets. The pastime continued through the years into modern times.
One thing about sports betting does remain true andthat is the fact that it is regarded as a legal activity.
Through the centuries, the prevalence of bettingvaried according to the tide of politics within a nation's government.
In recent times, one of the biggest changes in sports betting is the addition of the internet. When casinos began to offer their games online, the past time took off. Adding sports betting to online gaming was a natural fit as well.
In fact, sports fans find it much more convenient to place their bets online. Also, with the availability of numerous sports book sites like NetBet, fans can shop around for the best odds as well as promotions being offered.
Today, sports betting is a major industry andattracts a lot of customers. Given this success, it appears to be around forgood.
'The pastime continued through the years intomodern times.'
Modern sports betting came about primarily fromhorse racing.
In the UK, betting on horses became popular in theearly 18th century once more the two-horse races became common.
New World countries followed suit and by the late19th century countries like US, Canada and New Zealand had formally establishedlaws to govern gambling.
The next major advancement in sports betting wasthe emergence of online casinos in the 1990's and related sportsbooks.
Betting Games Online
There are now hundreds of online sports bettingoptions that are beginning to dominate the traditional bookmaking.
The difference of the betting exchanges to the bookiesconsists in the fact that the odd is fixed not by a bookmaker (as it is usualat the bookies), but that the customers offer the bet themselves and agree onthe odds.
Betting The Money Line Football
Timeline of Major Online Sports Betting:
1921 first football betting in England
1934 football betting in Sweden
1961 first legal bookies in England
1974 Bet365 was founded (english bookie – one of the oldest provider of sports betting)
1997 first online bookies Interwetten and Bwin
Video Game Betting
1998 followed online bookie Sportingbet
1999 first betting exchange Betfair
1999 followed Expekt
2001/2002 followed Betsson
2002 followed Mybet
And the list goes on and on
Sports Betting Odds
Sports betting is all about odds. The term odds isused in sports betting to describe the returns a user can earn on a successfulbet. Odds are often referred to as prices, in reference to the value of a beton a particular selection.
Game online jackpot. Odds are offered in three different formats,Fractional, Moneyline and Decimal odds. The decimal odds is the easiest tounderstand.
Decimal Odds: Decimal odds are also known as Continental Odds or European Odds, and are popular in Europe, Canada, and Australia.
These odds reflect the payout on a successful bet in decimal form and factor in the return of the stake.
For example:
A user bets N1,000 on Barcelona to beat Inter Milan at odds of 2.50. If Barcelona wins the match, the user will be paid out: 2.50 x 1,000 = N2,500. The N2,500 payout reflects the fact that the user has only earned N1,500 from the bet, as the stake was included in the payout.
Online Sports Betting in Nigeria
Sports betting in Nigeria has become a big deal.
The upside is that, it has made paupersmillionaires.
The downside is that it has also created quite anumber of paupers.
Now the question is –
Why do both the youths and old love sportsbetting?
The reason is because it is guileless,entertaining, and it gives us an opening to make some money online.
However, if you are a first-time better, step on the brakes. Do not rush off to start staking your incomes just yet.
If you are too hasty you could make decisionsthat can ruin you financially.
Be smart and knowledgeable and you may justmake millions simply from betting.
Onlinesport betting offers Nigerian punters opportunities to make money online off their passion (sports), by offering bets on matches from the English Premier League, La Liga, the UEFA Champions League and many other exciting football leagues around the world including the UEFA Europa League.
How can I Win Sports Betting 8 Easy Ways To Win
As stated earlier, there's no need to rush when itcomes to predictions. To make the most out of sport bet you need to followthese simple tips;
- Know your sport inside out. The more knowledgeable you are about the game the better your chances of predicting rightly.
- The favourite doesn't always win. Have it at the back of your mind that sport betting is not all about your favourite it's about predicting rightly
- Don't just stick to one bookmaker – try to shop around.
- The fewer selections, the better your chances of winning the game
- Avoid the temptation of odds-on prices.
- Consider the less obvious markets.
- Make sure you understand the markets.
- Don't bet with your heart.
BasicTerminologies used in sport betting
1,X,2 – the simple bet, 1 means home win, X means draw and 2 means away win
1X,X2,12 – double chance. 1X means home team wins or draw and so on.
Half Time – you bet on the outcome at half time
Halftime/Fulltime – you bet on the outcome at halftime and at the end of the game
Halftime or Fulltime – to win your prediction must be good at half time or full time
Handicaps – there are 2 different types of handicap bets: standard or asian handicap. When you bet using standard handicap on of the teams has an advantage.
For example, handicap (0-1) means the game starts with the away team leading by 1 point and you bet on the outcome based on this starting handicap. So the home team must score at least 2 points to win (final score of 2-0 in reality).
Asian handicap is different. Asian handicap betting is a form of betting on football in which teams are handicapped according to their form so that a stronger team must win by more goals for a punter betting on them to win. The system originated in Indonesia and has gained popularity in the early 21st century. It is a form of spread betting.
If you bet on the away team in the case of Asian handcap you win if the match is a draw or the away team wins, so it's more like double chance but usually, the odds are a bit higher.
Under/Over – you bet on the number of goals. The usual limit is 2.5 goals for football, but it can be different. Example: you bet on under 2.5 goals. You win if there are 0, 1 or 2 goals scored. The .5 limit is used because this way there are only 2 possible outcomes: under or over.
Betting Games To Win Money Real Money
Number of goals – similar to under/over, but with more options: no goals, at least one goal, etc.
Betting Games To Win Money Instantly
Exact Score – you can choose from a list of possible scores.
More goals – you can choose which part of the game will have more goals (1st or 2nd half, etc)
To score/not to score – quite obvious, you bet on a team to score/not to score
Winning margin – obvious
1st goal to score, Goal scorer – you can bet on the goal scorer (the player), or the first team to score, there are many variations of this type
Booking/Corners – you can bet on the number of yellow/red cards and the number of corners (football). Mostly available in live betting
Outrights/Specials – usually long run bets (who wins a championship, presidential elections, etc.) Unibet offers many different long term bets.
How To Win Betting Baseball
For Sports betting lovers please react to this by leaving a comment below.
A Nigerian Lady says 'If we are dating and I find out you play sports betting, it's Over' If you are the one what will you say or do…?
