Moneyline bets is one of the simplest and most popular forms of sports betting. If you are new to the world of betting, or simply looking to expand your knowledge, this article is for you.
Let’s break down everything you need to know about moneyline betting and how you can make the most of it. 📚💡
What are Moneyline bets?
Moneyline bets are bets placed on who will win a match or sporting event regardless of the point spread. EnIn other words, you only care about who wins. If the team or player you choose wins, you win. It’s as simple as that. 👌
How to Read Moneyline Quota 💰
In moneyline betting, odds come in two forms: favourites and underdogs. The favourites have a negative odds, while the underdogs have a positive odds.
For example, if a team has odds of -150, you would have to bet €150 to win €100. On the other hand, if a team has odds of +150, you would win €150 for every €100 you bet.
Moneyline Bets Strategy 📈
As with any type of betting, it is important to have a solid strategy for moneyline betting. This is where surebets come into play. Surebets are a strategy in which you bet on all possible outcomes of an event with different bookmakers, thus ensuring a profit regardless of the outcome.
And you know what the best thing is? There is software that can help you detect these surebet opportunities, and one of them is BetOven, considered the best software for making surebets this 2023, 100% automatic. 🖥️🚀
What are Surebets in Moneyline Betting?
Surebets are a betting strategy where you bet on all possible outcomes of a sporting event across different bookmakers, ensuring a profit no matter what the outcome.
In the context of moneyline betting, you could use surebets to bet on both teams to win at different bookmakers if the odds allow a sure profit.
What is a 'pick em' in moneyline betting?
A “pick em” in moneyline betting occurs when bookmakers see both sides of the competition as equally matched.
In that case, the odds are set at +100 on both sides, but bookmakers often add a cost to these bets, taking them to -105 or -110. This additional cost is known as “vig” or “juice”.
How does moneyline betting work in sports with the possibility of a draw?
Three-way moneyline bets are those that include a third betting option to bet on a tie. They are most common in football due to the high percentage of matches that end in a draw, but draw options are also offered for other sports that only relate to regulation and not extra time results.
BetOven: Your Betting Partner 🤖
BetOven is an automated betting software that allows you to turn betting into a more methodical and less emotional process. Thanks to its advanced algorithm, BetOven searches and compares odds between different bookmakers to identify surebets and valuebets opportunities. So you can bet based on the numbers, not on hunches. 🎯
And with BetOven, you don’t have to worry about the tedious task of researching and comparing odds yourself. The software does all the hard work for you, even the betting itself 😱.
Conclusion 🏁
Moneyline betting is an excellent option for both novice and experienced bettors. They are easy to understand and offer a wealth of betting opportunities. With a solid strategy and the help of betting software like BetOven, you can turn sports betting into a profitable investment.
Hi! I’m Aitor Hunt. Before I got into sports arbitrage, I was a frustrated industrial engineer: just another cog in a big company, looking for a radical change.
That changed in 2018, when I came across software built by some friends from the Technical University of Madrid (BetOven), based on maths and automation. I was very sceptical at first (like almost everyone), but I started as a customer, tried it and saw how it worked first-hand. That’s how BetHunter was born. Today I’m here to explain how surebets and value bets work and how to automate them with method, knowing that the risk never goes away.
