Basically, it is a bet on the outcome of the game.
In football, for example, games can end in a draw.
The odds are generated by the bookmaker to represent the likelihood of the outcomes.
Just by looking at the odds, you will be able to tell quite a few things.
You may tell, for example, if there is a favourite and how highly the bookmakers rate them.
Now, this adds up to 103.17% which would be impossible.
The extra 3.17% is the juice that is the surplus that the bookmaker takes.
Now take the following example:
Here, there is a far larger gap between the two teams.
The Chiefs have an IP of 83.33% and the Bills have one of 20.83%.
In this example, the Chiefs are the heavy favourites to win.
Three-Way Moneylines
For the football bettors, moneylines work in exactly the same way.
The team is given an IP of 40% of winning.
Now in this fixture between Barcelona and Ajax, the odds highly favour Barcelona.
The Spanish team is given a 58.82% chance of winning.
The odds of Ajax winning or the game ending in a draw both have an IP of 23.80%.
On the other hand, predicting a moneyline can be easier than predicting other types of bets.
Compare that with simply asking a friend who do you think will win the game?
And the answer is always one or the other (or a draw in football).
You may feel that the team will surprise everyone and overcome the favourites.
However, you cannot always bet on the underdogs.
The risk may not be your biggest problem either.
The potential returns of betting on a heavy favourite can be extremely short.
Unless you bet big money, it will not bring you the big payout you may aspire for.
Therefore, a lot of punters turn to parlay bets.
However, the odds will be compounded together to create far larger returns.
Picking out 2 or more moneylines and combining them is a tactic that many punters use.
you’re able to pick a handful of safe bets and compound their odds.
If you only picked favourites then on paper you should win each game.
Conclusion
Though moneylines are simple, they are appealing to both diehard punters and newbies.
