Even if you are a complete newcomer you may already know what moneyline betting is. It is the most straightforward type of bet, where you are simply predicting the outcome of an event.
This moneyline betting guide will explain everything you need to know. And you will hopefully pick up a few moneyline betting tips along the way.
Top Moneyline Betting Tips and Strategies
When you are betting the moneyline it is a good idea to have some sports betting strategies to fall back on. Going into a bet without being informed is never a good idea and there are some important factors to consider with moneyline bets. Here are a few of the best moneyline betting tips to remember.
Do Thorough Research
As with all sports betting, you should always do your research before placing a wager. Check betting statistics and recent results to be more informed. Seek the advice of experts but remember to use a number of different sources.
Be on the Lookout for Value Bets
One of the best moneyline betting strategies is to find value bets. This is something that will help with all betting and discovering these kinds of odds will really help when you place a moneyline bet.
Practice Line Shopping
You should always try to find the best odds before you place a moneyline bet. They make all look very similar but even the smallest difference can have an impact on a potential payout.
Track Line Movements
You shouldn’t rush into placing a bet. One of the best moneyline betting tips is to keep an eye on the markets. Notice how the odds change – and why. It will really help with placing a moneyline bet.
Keep an Eye On Your Bankroll
One of the most important moneyline betting strategies is to watch your budget. You should never allow your betting to get out of control. There are a number of safer gambling tools on most sites to help you keep in check.
Things to Look Out for When Betting on Moneyline
It is always good to listen to betting advice. Having as much information as possible before placing a bet is very important. Moneyline bets may seem very straightforward (and they are, essentially) but an expert opinion is always worth checking out. Here are some elements of moneyline betting to consider:
- Betting against the public. Some sportsbooks allow for betting against other customers. You should only do this if you feel experienced enough to know what you are doing.
- Hedging your bets. If you are new to gambling, hedging your bets is when you place another bet, or bets, after your original choice to secure a profit or reduce the risk of loss. This might be a good idea if the event could go either way. You have to remember that at least one of your bets will lose though.
- Switch to spread betting when necessary. Sometimes the moneyline odds are just not competitive enough. So you can always consider spread betting to even up the chances of a wager. This is when you are betting higher or lower than a particular number in a specified market.
- Compare different bookies for moneyline betting promotions. A lot of sportsbooks will offer moneyline betting promotions. You might be able to claim free bets or bet insurance here, so always take a look to see if there is anything on offer.
- Consider the specifics of the sport you’re betting on. Moneyline betting is predicting the outcome of an event – but that can change from sport to sport. Football betting, for example, has the extra choice of predicting the draw, which basketball does not. Make sure you bet with all of the details at hand.
- Follow expert advice. All the best bettors use tips and read previews. So you should always find trusted and respected places, like sites and betting guides, to get the best views on the sports you are betting on. There may even be sports betting syndicates who have their own ideas.
- Research specific markets. Always know exactly what you are betting on. That is why moneyline betting markets are good, as they are so easy to understand. Do your research when it comes to all forms of betting.
Moneyline Betting Tips – Common Pitfalls
As with all kinds of betting, you should be aware of some things to look out for, when it comes to betting on the moneyline markets. Below we put together some of the most important betting to ensure a good experience:
- Think twice before betting on big favourites. Although the favourites will be favourites for a reason, nothing is guaranteed in sports. The odds will also be very low and may not offer good value.
- Following the public isn’t always a good idea. You should take advice with your betting but believe in yourself too. Just because everyone is blindingly following a certain wager, it doesn’t mean it will definitely win.
- Don’t ignore the value of moneyline strategies. You should always follow moneyline betting tips as they are specifically designed to help with moneyline betting.
- Never chase your losses. Always avoid chasing after the next big win. If you have been unlucky, just take a break and come back later. You should only ever bet an amount you are willing to lose.
Benefits of Betting on the Moneyline
Moneyline betting is so easy to understand – and that it is why it’s so popular. There is not a lot to learn about predicting an outcome and with these moneyline betting tips, you will be even more informed.
If you are a newcomer you may be confused by betting jargon at first. With moneyline betting, there is no confusion as the betting options are so straightforward. It is also a very human way of looking at sports – we tend to want to predict a winner (or at least an outcome).
It is also easy to figure out your potential winnings with a moneyline bet. You only have to take your stake and the odds into account.
Final Thoughts
Hopefully, these moneyline betting tips will be of some help. Moneyline betting is probably the most popular around the world and gives you a simple choice. These strategies will help with that and give you the confidence to try your hand at moneyline betting yourself.
