If you are wondering what moneyline bets are, you have come to the right place. In this article, we are going to fully explain moneyline meaning, payment, pros and cons, and more. Keep reading to learn if moneyline bets are a good option for you and where you can go to make moneyline bets in Maryland.
Moneylines at MD sportsbooks
Moneyline bets are a great way to start learning about point spreads and odds for beginner sports gamblers. This bet involves picking a winner based on the odds provided. Moneyline bets are especially great for somewhat close games where the underdog actually has a chance of winning. Any of the below-mentioned sites are great MD sportsbooks for moneyline betting.
Best Maryland sportsbooks for Moneyline Bets
If you are interested in moneyline bets, here are the best Maryland sportsbooks for these sorts of bets:
BetMGM MD Moneyline Betting
BetMGM MD moneyline sports betting is a top site for moneyline betting and other forms of betting. Their moneyline bets offer accurate odds. All the while, the app, and website also offer betting guides to make moneyline bets easier for beginners.
Pointsbet Moneyline Betting Maryland
If you’re not interested in live betting at all, Pointsbet MD is a great choice. They offer moneyline betting, and their odds are average or above average for most games and players.
DraftKings Moneyline Betting – MD
DraftKings MD is a great choice if you want a site with the most accurate odds possible. Even though their app and website are less intuitive than the others, their odds are some of the best.
Fanduel Moneyline Bets in MD
Fanduel MD is a great all-around site for moneyline betting. Its app and website are very impressive. At the same time, their odds are pretty accurate, most of which being good or above average in comparison to other sites.
Barstool Sportsbook Moneyline Bet – Maryland
Barstool Sportsbook MD is a great choice if you are experienced with moneyline bets and want to try your hand at parlays. With the Quick Pick 6 parlay builder, Barstool Sportsbooks offers recommendations for moneyline parlays. However, the odds offered are below average in comparison to other sites.
How does a Moneyline work?
When you first get into sports betting, one of the most important bets to know is moneyline. Moneyline bets are a standard form of sports betting. In fact, moneyline bets are considered one of the simplest forms of betting available, if not the simplest.
Put simply, moneyline bets are whenever you choose the winner of a game. Whether it be a team sport or an individual sport, you have your choice between two opponents. Simply pick which one you believe will win. If you choose correctly, you will win more money. If you lose, you lose your bet.
Payments in Moneyline explained
Because of the simplicity involved with making moneyline bets, you may think that making bets is as easy as picking teams at random. This is not the case. Although the wager for moneyline bets is easy, the payment is a bit more confusing.
Whenever you are looking at the two opponents for a moneyline bet, each opponent will have a number next to it. The team favored to win will have a negative number (e.g., -150), while the underdog will have a positive number (e.g., +150). These numbers represent how much you will get in return or lose based on a $100 wager bet.
Understanding the odds
Understanding the odds is pretty simple. The positive number denoted by the underdogs tells you how much you will win if you bet $100 on the underdog team. Meanwhile, the negative number beside the favorite team tells you how much you have to bet in order to win $100.
So, you risk less with the ability to win more whenever you bet on the underdog, but the underdog is less likely to win. On the other end of the spectrum, you have to risk more and win less with the favorite, but the favorite is more likely to win.
Winning a Moneyline Bet
To win a moneyline bet is pretty simple. You simply pick the team that ends up winning. You lose whenever you pick the wrong team.
For certain sports, there is another way to win or lose. Soccer, for example, can end in a draw. Certain sportsbooks will provide this option for moneyline bets on games that can end in a draw. In other words, you will have the choice between picking a winner or a draw.
For these sorts of sports, you win if you select a draw and the match ends in a draw. However, you lose if you select a winner and the game actually ends in a draw or vise versa. For sportsbooks that do not offer a draw option, you will typically be refunded your wager if the game ends in a draw.
A real-life example
Moneyline payments are best understood with an example.
Let’s say that the Baltimore Ravens are playing the Tennessee Titans. When you look at the moneyline odds, assume that the Ravens have the odds of +135 and the Titans have the odds of -155. In this example, the Ravens are the underdog, and the Titans are the favorite.
Using the odds above, you can predict how much you can win or lose on each team. If you bet $100 on the Ravens, you will get an additional $135 if they win, resulting in a total payout of $235. Conversely, you will win $100 if you bet $155 on the Titans, and they win.
Keep in mind you don’t have to bet $100 on a moneyline. For these examples, betting $100 simply makes the math easier to follow.
Moneyline vs Point Spread
Two popular bets are moneyline and point spread. There is a relationship between these two bets. You can make more educated moneyline bets based on the point spread of a particular game.
Since you can technically make more money by betting on the underdog, you want to strategically bet on games where the point spread is lower. For example, you might want to bet on the underdog whenever there is a 3 point favorite within a particular NFL game. This gives you a better likelihood of making more money, whether you bet on the underdog or favorite.
When you bet on games with a very large point win, it is much more difficult to make enough money to make up the difference of your bet. Still, upsets do happen, meaning you can make a lot if you bet on an underdog for a game with a big points bet margin. We suggest trying a moneyline calculator at first.
Are Moneyline Bets right for you?
If you have never made a moneyline bet before, it may be unclear if this is a good bet for you to make. By looking at the pros and cons of moneyline bets, you could determine if you should make a moneyline bet or some other type based on the game or interest you have.
Moneyline bets are a great starting point if you are just getting into online sports betting in Maryland. Because it is so simple to make a wager, it can help you learn the ropes before getting into more difficult bets, such as point spread bets or parlays.
Another major benefit of using moneyline bets is that you don’t lose as much if you bet on the underdogs. In other words, moneyline bets are a great opportunity to test your luck and take a gamble by picking on the underdogs of a game. You won’t lose as much, but you could potentially gain more.
With this in mind, moneyline bets are great for starting out or taking a chance on an underdog team.
Even though moneyline bets are a great place to start, the big downside is that you have to bet more to win. Because they are simply bet on the moneyline, payouts are not as high since everyone has a 50/50 shot of selecting the right team.
If you want big winnings or do not want to put a lot of money upfront in the wager, moneyline bets should not be your first choice.
FAQ’s About Moneyline Bets Maryland
What is a good strategy for Moneyline Bets in Maryland?
A good strategy for moneyline bets involves picking and choosing when to bet on the favorite and when to bet on the underdogs. Don’t always bet on the underdog or the favorite. Mix it up according to the game.
Are there Moneyline Parlays in MD?
Yes. There are moneyline parlays, but it is more difficult to win with these bets. Selecting a moneyline parlay calculator can help better your odds.
What if my MD sportsbook does not offer a draw selection?
Some sportsbooks will not offer a draw option on games that have the potential to end in a draw. If this is the case for your sportsbook, your wager will likely be refunded if the game ends in a draw.
Which sports are best for Moneyline Odds?
Here’s a list of some of the best sports for moneyline odds:NFL, NBA, MLB, UFC, NHL.
Why is there not a Moneyline option for my game?
Certain sportsbooks only offer a moneyline option whenever the game is within a certain range on the point spread (e.g. +1 to +10). For example, many sportsbooks stop offering a moneyline bet for NFL games when the spread heavily favors one team.