Let’s use the example below to see how moneylines work. The three-way moneyline offers bettors a chance to take the favorite, the underdog or a draw. The three-way market is also a popular moneyline to bet on, seen in sports such as soccer and UFC. Underdogs cost less money to win back more because they have a low probability to win.
Favorites cost more money to win back less because they have a higher probability of winning. The most popular form of moneyline betting is the two-way market, picking between a favorite and an underdog. When betting on the moneyline, you are simply wagering on a win. The side doesn’t have to win by any certain amount of points, it can be a one-point win or a 100-point win. The moneyline is the given betting odds for one side to win a game. Let’s break down what a moneyline is, the importance of understanding it and how to bet on them. Other sports, such as golf, may offer as many as 140 moneylines if betting on an event winner. Most sports offer two moneylines, but some such as soccer and UFC offer three moneylines with the ‘draw’ or ‘tie’ also in play.īecause there is no spread when betting the moneyline, it is considered the easiest market to bet on. Moneyline outcomes vary with sports and markets. Betting on the moneyline is the easiest way to bet, simply picking a winner.
