What is a Moneyline Bet in Football?
Moneyline bets are about the simplest betting option in any sporting event and are perfect for first-time bettors. When you place a moneyline bet you are predicting which of the two teams will win the game. So, if there’s team A and team B, you simply have to decide which of the two you think stands the best chance of winning and go with that option. It’s that simple.
Moneyline Bets Odds
Grasping the odds attached to a moneyline bet is where it may get a bit more complicated. Consider our example below using football teams Chicago Bears and Kansas City Chiefs.
- Kansas City Chiefs – Moneyline Bet: -350
- Chicago Bears – Moneyline Bet: +245
Where moneyline bets are concerned, casinos or sportsbooks hardly ever offer even money bets on either team and this is because people will most likely bet on the favourite and they will most likely be right too. That’s almost like giving away free cash. That’s why they have to make the betting decision tougher.
Kansas City Chiefs are the general favourites in the example above which means they are playing against more of an underdog team. So, because they are the favourites, the odds will be higher and so will the amount of money you will have to wager. The example shows that if you choose to place a bet on Kansas City Chiefs, you will have to bet at least $350 to win $100. If you choose to bet on the Chicago Bears, you stand to rake in $245 in profit on a $100 bet.
Enjoy Sports Betting Online
And there you have it. Moneyline bets may be a simple choice, but, you stand to lose a lot more if you’re wrong compared to what you’ll gain if you’re right. There are also various other types of bets that you can make in football, but you can read more about that in our sports betting guide.