Although online betting is proliferating, introducing new betting options and new markets, the basics are still relevant. By the basics, I mean the Moneyline betting market, which refers to the result-based outcome of the game. In the following article, you will learn how the Moneyline bet works, what odds you can expect when betting on the Moneyline, and examples of this market.
Briefly About Betting Terms and Meanings
From the very first bet made many centuries ago, there was an outcome that people bet on. This outcome is referred to as the betting market. The term market is now used to explain what game and what result of the match must happen for you to win. Since online betting is developing by leaps and bounds, numerous different betting options have appeared. To learn more about them, check out the details on the betting terms page and become an expert.
What Is Moneyline?
Simply, the money line is a form of betting market that you use to determine which team will win. In football, you bet on the team you suppose will win. In tennis, you place a bet on a particular player who will win in your mind. In other words, this is the most straightforward variation of your bet based on the match’s result.
One of the most popular forms of money line bet is a 3-way money line. On the sportsbook, it looks like 1×2, where you pick between 3 outcomes. One means that the first team wins, x means the draw outcome, and 2 is when you predict that the second team will take the lead. The same goes for other sports, like basketball, volleyball, eSports, etc.
Moneyline Odds
In general, money line odds are not huge. Even if the teams have completely different odds, both teams have a high probability of winning. It’s a common practice for underdogs to end up beating a famous and powerful team. And yes, the odds depend a lot on the reputation and performance of the teams and show which team is most likely to win and which team is an underdog. When you open the BetPawa sportsbook, there are 1, X, and 2 options. And it’s so rare to see odds above 10 in decimal form. Usually, they are around 1.5 and 5.
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How to Place Moneyline Bet
The idea of placing a money line is to determine which team or player will win the contest. It’s simple and can be found in any sportsbook, including BetPawa. It looks like a 1×2 where you choose to bet on the home team, the away team, or a draw. Check out who to initiate your money line bet on step by step.
- How to Place Moneyline Bet
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Step 1
The first step is to launch your BadPawa page and log in to your account through the website or mobile application.
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Step 2
The second step is to open the sportsbook and look through the available matches on your favorite sports discipline.
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Step 3
The third step is to analyze the betting markets and odds, compare the odds of one market with another, and click on the odd marker. Once you click on the odd, the match will be added to the betting slip on the right side of your screen.
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Step 4
The fourth step is to enter the amount you wish to bet, review the potential winnings, and click Place Bet.
Example of Moneyline Bet
If you need an example, the quick guide above represents what you should do to place your money line, but in practice, you will need an example. If you open the BetPawa sportsbook and look through the current or upcoming live games, you see 1×2 buttons near each game.
For example, you want to bet on Everton FC vs. Manchester City and suppose the MC will win. So you click on the button with the number 2. Obviously, the odds are lower because Manchester City is the favorite between these two clubs. Then, on the right side, you will see the stake window. Enter your stake in Ugandan Shillings, and you will see your potential payout based on the odds. Therefore, if Manchester City wins the match, your account balance will be credited with the amount you won.
Conclusion
Although online betting introduces numerous different types of bets, you must never forget the basics. The basics are the moneyline betting market. Now you know how to place your first money line bet and calculate odds and payouts. As you progress and learn more techniques on using the primary money line, you can use other different markets and apply them in your strategies.
