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ThereвЂ™s no point spread with a moneyline bet. Bettors are just picking the winning side. While placing a wager is simple, trying to understand how the moneyline pays might be a bit complicated. Both sides of each moneyline wager are paid on a different schedule and that could make this kind of bet confusing.The two sides of each moneyline wager are essentially the opposite of each other. When wagering on the favorite itвЂ™s easiest to work from the dollar amount that will return a win of $100. When wagering on an underdog itвЂ™s easiest to understand how the moneyline pays based on how much a $100 wager will pay.Everyone makes moneyline bets without even knowing it. Even non-gamblers make moneyline bets. Betting the moneyline for a game is possibly the most simple way to wager on sports. Bettors just choose a player or team to win . If the bettor chooses the winning side, the sportsbook will pay the amount due. ItвЂ™s really that simple.In this example, the moneyline on the favorite Kansas City Chiefs opened at -122 at DraftKings. A $122 wager on the Chiefs to win would pay $100 (for a total of $222). Since the favorite is considered the better team, a winning wager will usually pay out less than the original amount wagered.
Understanding how a moneyline wager pays isnвЂ™t simple but itвЂ™s not very complicated. That said, it might take running through a few examples before fully grasping the payouts. Moneylines for football and basketball games are often tied to the point spread. When a game has a large point spread it usually has a large moneyline. Both are separate bets but are shown together in a sports wagering app screen and in a brick and mortar sportsbook.Low scoring sports like baseball , soccer , and hockey are usually bet on using a moneyline. But they are also popular in football . The best way to explain how moneyline bets are paid is with an actual example. LetвЂ™s use the Super Bowl odds at online sportsbooks like DraftKings and FanDuel.As seen above, lines and odds may be different at various sportsbooks so consider this just an example of point spread line and a moneyline.
Moneyline parlays are growing in popularity. A parlay is a single wager that is comprised of multiple results. The payout for a parlay is greater than an individual wager on each player or game. Underdog moneyline parlays are becoming popular because the payouts can be very large. Moneyline parlays are becoming popular because of the perceived ease of choosing multiple favorites to win. Choosing one winner is difficult and multiple winners at the same time is even more difficult.