Online bookmakers offer multiple types of bets for their customers. Diverse markets help bettors and give them more chances to win. This is also the case with the moneyline bet, which we will tell you about in this article. Since you are not familiar with this market, we will explain how it works and give you an example of its use.
How does a moneyline bet work?
The betting option is available not only for football but also for other sports including ice hockey, rugby, American football and others. The main idea is that if the match ends in a draw, the money will be refunded to your account. In other words, you only lose if the opposing team wins.
Here’s a quick example. If Real Madrid and Barcelona are playing and you bet on Real, here are your options:
- Real wins and you take the profit
- The match ends in a draw and your bet is refunded
- Barcelona wins and you lose.
Basically this is a “moneyline bet,” which gives you a good chance of winning. Beginners tend to favor this bet because they are more afraid of losing money. The odds are worse, but on the other hand, there is a kind of insurance that you can use. Let’s now see more details about this market.
Pros and cons of a moneyline bet
The biggest advantage is that if your team does not win and the match ends in a draw, you do not lose anything and the amount is returned to your gaming account. This way it’s like betting with two characters and you have cashback. You will only lose when the opposing team manages to win the match.
We can point to the lower odds as a disadvantage. For example, if you do not use the option, the odds may be higher, but if you select “moneyline bet” and your team wins, you would win comparatively less. But you’d still win!
Most bookmakers offer this bet, so there is nothing to worry about. To find it, you need to look at what markets are available.
This article explained how a moneyline bet works. We hope that we have been as clear as possible for you to understand how this interesting market works. Please have a look at the other useful articles, sports betting tips, reviews and other interesting things on our site. We look forward to seeing you again. Until then, we wish everyone good luck and successful betting.