Moneyline- a term that echoes through the halls of sports betting, often a starting point for many seeking the thrill of predicting winners. If you’ve found yourself on FanDuel, eyes scanning the vibrant odds, the moneyline is your ticket to the heart of the action. The moneyline is a straightforward concept that revolves around predicting the outcome of a game. FanDuel’s implementation of the moneyline introduces an intriguing dynamic, providing both simplicity and depth to your betting decisions.
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In this article, we’ll break down the moneyline concept, explore how it works on the popular sports betting platform FanDuel, and equip you with the knowledge and strategies you need to make successful moneyline bets. So, if you’ve ever wondered what those positive and negative numbers next to team names mean or how to calculate potential payouts, you’re in the right place.
What Does Moneyline Mean on FanDuel?
On FanDuel, the moneyline is a bet on which team will win a game outright. It is the simplest and most popular type of bet in sports betting.
The moneyline odds are displayed with a plus or minus sign next to them. The team with the minus sign (-) is the favourite, and the team with the plus sign (+) is the underdog. The number next to the plus or minus sign indicates how much money you would win or lose for every $100 you bet.
For example, if the Cowboys are -190 to beat the Commanders, it means that you would have to bet $190 to win $100. If the Commanders are +160 to win, it means that you would win $160 for every $100 you bet.
Moneyline bets can be a good option for bettors of all experience levels. They are easy to understand and can offer good payouts, especially if you bet on underdogs.
How Does a Moneyline Bet Work?
The moneyline odds are displayed as positive or negative numbers, with the favourite (more likely to win) having negative odds and the underdog (less likely to win) having positive odds.
To calculate your potential winnings on a moneyline bet, you simply divide the amount of your bet by the odds (ignoring the minus sign). For example, if you bet $100 on a team with -200 odds, you would win $50 if the team wins. If you bet $100 on a team with +150 odds, you would win $150 if the team wins.
How to Bet Moneyline on FanDuel App
To bet moneyline on FanDuel app, follow these steps:
- Open the FanDuel app and log in to your account.
- Tap on the sport you want to bet on. For example, if you want to bet on the NFL, tap on “NFL.”
- Scroll through the list of games and find the game you want to bet on.
- Tap on the moneyline odds for the team you want to bet on. For example, if you want to bet on the Kansas City Chiefs to beat the Denver Broncos, tap on the “-200” odds next to the Chiefs.
- Enter the amount of money you want to bet and tap on “Place Bet.”
Your bet will be added to your betslip. You can review your betslip and make any changes before you place your bet. Once you’re ready to place your bet, tap on the green “Place Bet” button at the bottom of your betslip.
Is Moneyline a Good Bet?
Moneyline bets can be a good bet, but it depends on the specific bet and your betting strategy. Moneyline bets are quite straightforward to understand and can offer good value, especially on underdogs. However, it is important to remember that no bet is a guaranteed winner, and you should always bet responsibly.
Here are some pros and cons of moneyline bets:
Pros:
- Easy to understand
- Can offer good value on underdogs
- Can be placed on various sports
Cons:
- Vigorish (the commission charged by the sportsbook) can be high on favourites.
- No bet is a guaranteed winner
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Does Moneyline Just Mean Win?
Yes, moneyline just means win. It’s a form of wager where you predict the team or player to secure a direct victory in a game, regardless of the score margin. Moneyline odds are displayed as positive or negative numbers, with the favourite (more likely to win) having negative odds and the underdog (less likely to win) having positive odds.
How Often Does Moneyline Win?
The win percentage for moneyline bets varies based on the sport, the teams involved, and the oddsmakers’ predictions. However, in general, the favourite (the team with negative odds) wins more often than the underdog (the team with positive odds).
A study by the sports betting website Covers.com found that the favourite won 53.4% of all moneyline bets in the NFL in 2022. In the NBA, the favourite won 55.2% of all moneyline bets. In MLB, the favourite won 57.3% of all moneyline bets. And in the NHL, the favourite won 55.7% of all moneyline bets.
It is important to note that these are just overall averages. The win percentage for moneyline bets can differ significantly from game to game, based on the matchup. For example, a heavily favoured team may only have a 50% chance of winning against a well-matched underdog.
Is it Better to Bet Moneyline or Spread?
Whether it is better to bet moneyline or spread depends on your individual preferences and risk tolerance.
Moneyline bets are simpler and easier to understand, as you are simply betting on which team will win the game. However, the payouts are typically smaller for favourites and larger for underdogs.
Spread bets are more complex, as you are betting on both the winner of the game and the margin of victory. However, the potential payouts are typically larger than moneyline bets.
Here is a table that summarizes the pros and cons of each type of bet:
| Bet Type | Pros | Cons |
|---|---|---|
| Moneyline | Simpler, easier to understand | Smaller payouts for favourites |
| Spread | Larger potential payouts | More complex, and requires more knowledge of the game |
Ultimately, the best type of bet for you will depend on your individual preferences and risk tolerance. If you are a new bettor, it may be easier to start with moneyline bets. If you are more experienced and willing to take on more risk, you may prefer spread bets.
Here are some additional factors to consider when deciding whether to bet moneyline or spread:
- The strength of the teams involved: If the game is between two evenly matched teams, a moneyline bet may be a good option. If one team is a clear favourite, a spread bet may be a better choice.
- Your confidence in your prediction: If you are confident that one team will win by a large margin, a spread bet may be a good option. If you are less confident, a moneyline bet may be a safer choice.
- Your bankroll: If you have a limited bankroll, you may want to stick to moneyline bets, as they are less risky. If you have a larger bankroll, you may be more comfortable with the riskier spread bets.
Conclusion
Mastering moneyline betting on FanDuel is your key to unlocking the excitement of predicting game outcomes. With a clear understanding of positive and negative odds, navigating the platform becomes a strategic endeavour. As you embark on your sports betting journey, remember that every bet is a calculated move, and FanDuel provides the platform for you to make informed decisions. Happy betting!