How to Bet the Moneyline

You have placed a sportsbook wager if you've ever placed one with your friend or family on the likelihood that one team will prevail in the game. The parlays wagering is about as easy as it gets. All you have to do is place a bet on which team will win each activity. Depending on which team wins, the winnings are distributed differently, but we & rsquo, we'll get to that later in this article.

If you’re new to the world of sports betting, now legalized in Arizona, or simply wish to understand how the moneyline works, we have examples from a range of sports for you. If you’re planning to place a bet in the United States, it’s essential that you know how to read and calculate parlay odds, as they are a common feature you’ll often encounter.

Arizona Online Sportsbooks' Live Moneyline Odds

Check out today’s sportsbook odds for NFL, NBA, MLB, NHL, MBAF, NCAAB, Premier League, and MLS as listed on virtual sportsbooks in Arizona in the table below. Use the drop-down menus to switch your game or explore other options boards (spread, totals). Click on any odds to access the casino, claim your bonus, and start placing your sportsbook bets.

A sportsbook imagine is what is it?

What exactly does placing a sportsbook bet involve? As previously stated, the sole concern when making a sportsbook bet is predicting which team will come out on top in the match. You don’t need to worry about the number of points a team scores or the margin by which they win. The victory is the only thing that counts, and it’s your responsibility to make the correct prediction.

Naturally, not all teams are created equal with some clubs possessing more talent. Consequently, the team considered as the favorite receives less pay compared to what it would get if the underdog triumphs in an upset.

Fast link to the odds for sports betting

At first, understanding betting odds can seem perplexing. However, like most things, the more you get acquainted with the numbers and their meanings, the faster you’ll grasp sports betting odds. In the United States, most sportsbooks display moneyline odds, also known as American odds.

If you’re a novice to sports betting in Arizona, you’ve probably come across plus and minus signs accompanied by numbers ahead of a specific matchup. Initially, these might seem confusing, but we’re here to help you understand what these numbers mean. You may notice that one team has -135 odds to win outright, while the other has +110 odds to secure a win.

In this scenario, a plus sign indicates the underdog, whereas a minus sign represents the favored team. To figure it out, use $100 as a benchmark if you believe the favored team will emerge victorious and you want to wager on them with -135 odds. If you bet $135 at -135 odds, you would make a $100 profit. If the odds were -150, a $150 bet would yield a $100 profit. Does that make sense?<br><br>On the other hand, if you believe the underdog might surprise us with a win at +110 odds, a $100 bet would return a $110 profit. If the odds were +150, a $100 bet would yield a $150 profit.

NFL, MLB, and NBA parlays wager examples

Now that you’ve grasped the basics, let’s dive into sportsbook betting using examples from some of the most popular sports clubs in Arizona. We’ll analyze the NFL, MLB, NBA, and other sports from a financial perspective.

NFL wagers on the parlays

In American sports viewership and betting, the NFL reigns supreme. Consider a scenario where the Arizona Cardinals are set to face off against the Seattle Seahawks on their home ground. The stakes are high as the NFC West division title is up for grabs in the final week of the NFL season.

FanDuel Arizona has determined that Seattle is the favorite to win, giving the Seahawks odds of -200 to secure a victory. Conversely, they have given Arizona odds of +170 to achieve an upset win and secure the division.

As previously stated, $100 serves as our reference point for calculations. If you doubt the Cardinals’ ability and choose to bet on the Seahawks in the NFL, you must risk $200 to gain a $100 profit. On the other hand, if you have faith in the Cardinals and bet on their victory, a $100 bet could yield a $170 profit. Quite a decent return.

MLB wagers on the sportsbook

Every MLB team participates in 162 games per season, providing numerous chances for bettors to wager on MLB games from April to November. Highlighting another franchise from Arizona, let’s consider a scenario where the Arizona Diamondbacks host Game 7 of the WorldSeries against the New York Yankees. (Aim high, right?)

BetMGM sportsbook carried out their study and discovered that the Diamondbacks stand a good chance of winning this game, offering them odds of -250 over the Yankees, who are given +200 odds in their favor.

If you have faith in the Diamondbacks & rsquo, it’s likely that a wager of $250 could yield $100, in contrast to a $100 bet on New York.

NBA betting line bets

In our NBA case study, the Phoenix Suns are ready and set to face the Milwaukee Bucks in the NBA Finals. It’s predicted that the Suns will secure a win in Game 1 as Milwaukee’s star player, who was injured in the previous series, won’t be able to participate.

On the Caesars sportsbook app, the Suns are significantly favored with -300 odds, while the Bucks are at +240, indicating they are the underdogs without their key player. This position doesn’t offer much value for Phoenix due to their high favoritism. However, for those willing to take the risk, a $300 bet could yield a $100 profit. On the other hand, a Bucks win could prove to be very lucrative. In this case, a $100 bet on the NBA moneyline could net $240, making for a substantial pay day.

How to determine sportsbook chances payouts

As we previously explained, we usually use $100 for calculations, but the same logic applies proportionally with $10. For example, betting $10 on a team with +170 odds would result in a $17 profit. Similarly, if the odds are at -120, a winning bet would turn a $12 wager into a $10 win.

What is the revenue model for bookmakers?

Throughout your sports betting journey, you’ll discover that the system is inherently structured in favor of the sportsbooks prevailing in the long term. Although bettors may experience temporary success against the sportsbook, achieving a sustained profit proves challenging due to various factors.

The vigorish, also known as “vig” or “juice,” is a key method by which the game gives an advantage to the house. While betting on a sport with a friend today is quite simple, where both of you agree to bet $10, and should your team win, you gain $10. But if they lose, your friend only earns $10. However, it’s important to note that corporate sports betting is not exactly on an even playing field.

For example, after comprehensive analysis, bookmakers may sometimes categorize a game as an “epick”, signifying that both teams are evenly matched with no clear advantage. This means that both teams are given equal odds as they are viewed as equally competitive by the bookmakers. To ensure a profit from both sides, the casino might set the bet at -110. If you bet $100 and lose, you will lose the entire amount. However, if you bet $100 and win, you will not receive the full $100. Since you won with lower odds, the casino retains a small share of your winnings.

This implies that even if you bet an equal sum on each sport and correctly place half of your bets, you’re still losing money rather than gaining. The breakeven range for typical -110 odds in spread and number betting is actually 52.4%. If you’re hitting a higher percentage than that, you’re making money. Though it may appear to be a minor shift, this greatly benefits bookmakers in the long run.

Sportsbooks have the power to alter and control lines based on public betting patterns. If a large number of bets lean towards one side, the oddsmakers typically adjust to reduce their risk as much as possible. Furthermore, certain betting types almost always ensure profit for the sportsbooks. One such example is futures bets, wherein sportsbooks provide odds for major sporting events months, sometimes even a year, in advance. Given the plethora of gameplay (and life events) that occur in the six months leading up to major events like the SuperBowl, World Series, or The Masters, sportsbooks earn significantly in these markets as most bettors end up losing.

In the end, consistently surpassing the sportsbooks is extremely difficult, which is why the records of notable betting victors are so awe-inspiring.

Moneylines vs. level spreads: Difference

In the preceding paragraph, we touched upon the topic of point spreads. In this segment, however, we will delve deeper into how they differ from the moneyline. Regardless of the specific game, both are highly popular betting options.

In sports betting, the point spread is a method used to even the playing field. It does this by giving the underdog team a head start, rather than simply focusing on which team will win outright. For instance, if the Arizona Cardinals were playing against the Tampa Bay Buccaneers, the Cardinals might be considered a 3.5-point underdog. This would be displayed on the betting table as Cardinals +3.5. To cover this point spread, Arizona would either need to win the game outright or lose by less than 3.5 points. On the other hand, the Buccaneers would have to win by more than 3.5 points to cover the spread, which would be shown as the favorites at -3.5.

Over time, spread betting is more prevalent and likely to be more profitable than moneyline betting.

3 best advice for placing a sportsbook wager

Avoid placing large bets on losers because irritates are going to occur. When they do, you might see mention of the generous pay for the select few who made the right shocked choice in a social media post or athletics TV program. But keep in mind that it & rsquo is frequently luck. Properly predicting the opponent success can be exciting for the sports punter, but more often than not, you're wasting your money by placing bets on teams with a slim chance of winning, according to the oddsmakers.
1. Strike a happy balance: It’s crucial to steer clear of always backing heavy favorites or continuously endorsing big underdogs. Betting on a competitor who is almost certain to win, according to the oddsmakers, requires you to take a substantial financial risk to reap significant rewards. It might prove effective for some time, but once a major upset happens, you could find yourself in hot water.
2. We highly recommend that sports betting enthusiasts open accounts with multiple bookmakers. This is an effective strategy to maximize your sportsbook options. Once you settle on a sportsbook betting that suits your needs, check out our related odds offer to find the best value.