In Sports Betting What Is The Money Line
Table of Content
- In Sports Betting What Is The Money Line Parlay
- In Sports Betting What Is The Money Line Betting
- What Is The Moneyline Mean In Sports Betting
As of 2014 it was estimated that over 60 million Nigeriansare involve in this practice of sport betting per day.
When sportsbooks move their lines, there is an opportunity to line shop because what happens in one sportsbook doesn’t necessarily happen in another. What Does Moneyline Mean In Sports Betting and Wagering? Definition and Examples by Expert Handicappers at Docsports.com. What Does Moneyline Mean in Betting? A moneyline bet is one of the easiest kinds of bets you can make at a sportsbook. Simply put, it means betting on a specific team to win a game. Betting on sporting activities that do not typically supply a factor spread, among one of the most basic and typical incidents is what is.
That is to say that around 30% of the country’spopulation are really engaging in staking their money for sport bet.
And the question is…
What really are these persons gaining engaging inbetting activities?
Is there money in the sport betting industry?
Are people really making money in sport bet?
How profitable is the business?
Is sport betting legal?
Well
Sport betting is one of the easiest way to makemoney online in Nigeria and Nigerians are actively engaging in it which has nowserve as a means of daily income for many.
Now
What is Sports betting?
According to Wikipedia, Sports betting is the activity of predicting sports results and placing a wager on the outcome. The frequency of sports bet upon varies by culture, with the vast majority of bets being placed on association football, American football, basketball, baseball, hockey, track cycling, auto racing, mixed martial arts, and boxing at both the amateur and professional levels.
Are Sports Betting Online Illegal ?
There are NO prohibitions against gambling online, and that includes betting on sports. It’s not explicitly legal, but it’s not explicitly illegal either. The UIGEA makes it illegal to process financial transactions relating to online gambling. There are no federal laws that specifically make it illegal to bet online.
These headlines below are prove that sports betting is a worldwide thing and the reason why majority in Nigeria are keying into it
History of Sports Betting
Sports in general now play an important role inour everyday life. People now enjoy both playing in sports as well as being afan, cheering on their favorite team. Not only do fans simply enjoy watchingbut they also like to bet on the events. Sports betting actually has a longhistory and has been around for centuries.
Nowadays one can bet practically on all sports events and sports disciplines. Either personally in a bookie office or on
Historians find it rather difficult to determine exactly when sports betting began. They do know it’s been around for thousands of years when people placed wagers on the outcome of an event.
Betting was common in Ancient Rome where bets could be placed only in the city of Rome at chariot races or the circus. Of course, legality has never stopped people from placing bets. The pastime continued through the years into modern times.
One thing about sports betting does remain true andthat is the fact that it is regarded as a legal activity.
Through the centuries, the prevalence of bettingvaried according to the tide of politics within a nation’s government.
In recent times, one of the biggest changes in sports betting is the addition of the internet. When casinos began to offer their games online, the past time took off. Adding sports betting to online gaming was a natural fit as well.
In fact, sports fans find it much more convenient to place their bets online. Also, with the availability of numerous
Today, sports betting is a major industry andattracts a lot of customers. Given this success, it appears to be around forgood.
“The pastime continued through the years intomodern times.”
Modern sports betting came about primarily fromhorse racing.
In the UK, betting on horses became popular in theearly 18th century once more the two-horse races became common.
New World countries followed suit and by the late19th century countries like US, Canada and New Zealand had formally establishedlaws to govern gambling.
The next major advancement in sports betting wasthe emergence of online casinos in the 1990’s and related sportsbooks.
There are now hundreds of online sports bettingoptions that are beginning to dominate the traditional bookmaking.
The difference of the betting exchanges to the bookiesconsists in the fact that the odd is fixed not by a bookmaker (as it is usualat the bookies), but that the customers offer the bet themselves and agree onthe odds.
Timeline of Major Online Sports Betting:
1921 first football betting in England
1934 football betting in Sweden
1961 first legal bookies in England
1974 Bet365 was founded (english bookie – one of the oldest provider of sports betting)
1997 first online bookies Interwetten and Bwin
1998 followed online bookie Sportingbet
1999 first betting exchange Betfair
1999 followed Expekt
2001/2002 followed Betsson
2002 followed Mybet
And the list goes on and on
Sports Betting Odds
Sports betting is all about odds. The term odds isused in sports betting to describe the returns a user can earn on a successfulbet. Odds are often referred to as prices, in reference to the value of a beton a particular selection.
Odds are offered in three different formats,Fractional, Moneyline and Decimal odds. The decimal odds is the easiest tounderstand.
Decimal Odds: Decimal odds are also known as Continental Odds or European Odds, and are popular in Europe, Canada, and Australia.
These odds reflect the payout on a successful bet in decimal form and factor in the return of the stake.
For example:
A user bets N1,000 on Barcelona to beat Inter Milan at odds of 2.50. If Barcelona wins the match, the user will be paid out: 2.50 x 1,000 = N2,500. The N2,500 payout reflects the fact that the user has only earned N1,500 from the bet, as the stake was included in the payout.
Online Sports Betting in Nigeria
Sports betting in Nigeria has become a big deal.
The upside is that, it has made paupersmillionaires.
The downside is that it has also created quite anumber of paupers.
Now the question is –
Why do both the youths and old love sportsbetting?
The reason is because it is guileless,entertaining, and it gives us an opening to make some money online.
However, if you are a first-time better, step on the brakes. Do not rush off to start staking your incomes just yet.
If you are too hasty you could make decisionsthat can ruin you financially.
Be smart and knowledgeable and you may justmake millions simply from betting.
In Sports Betting What Is The Money Line Parlay
Online
How can I Win Sports Betting 8 Easy Ways To Win
As stated earlier, there’s no need to rush when itcomes to predictions. To make the most out of sport bet you need to followthese simple tips;
- Know your sport inside out. The more knowledgeable you are about the game the better your chances of predicting rightly.
- The favourite doesn’t always win. Have it at the back of your mind that sport betting is not all about your favourite it’s about predicting rightly
- Don’t just stick to one bookmaker – try to shop around.
- The fewer selections, the better your chances of winning the game
- Avoid the temptation of odds-on prices.
- Consider the less obvious markets.
- Make sure you understand the markets.
- Don’t bet with your heart.
BasicTerminologies used in sport betting
1,X,2 – the simple bet, 1 means home win, X means draw and 2 means away win
1X,X2,12 – double chance. 1X means home team wins or draw and so on.
Half Time – you bet on the outcome at half time
Halftime/Fulltime – you bet on the outcome at halftime and at the end of the game
Halftime or Fulltime – to win your prediction must be good at half time or full time
Handicaps – there are 2 different types of handicap bets: standard or
For example, handicap (0-1) means the game starts with the away team leading by 1 point and you bet on the outcome based on this starting handicap. So the home team must score at least 2 points to win (final score of 2-0 in reality).
Asian handicap is different. Asian handicap betting is a form of betting on football in which teams are handicapped according to their form so that a stronger team must win by more goals for a punter betting on them to win. The system originated in Indonesia and has gained popularity in the early 21st century. It is a form of spread betting.
If you bet on the away team in the case of Asian handcap you win if the match is a draw or the away team wins, so it’s more like double chance but usually, the odds are a bit higher.
Under/Over – you bet on the number of goals. The usual limit is 2.5 goals for football, but it can be different. Example: you bet on under 2.5 goals. You win if there are 0, 1 or 2 goals scored. The .5 limit is used because this way there are only 2 possible outcomes: under or over.
Number of goals – similar to under/over, but with more options: no goals, at least one goal, etc.
Exact Score – you can choose from a list of possible scores.
More goals – you can choose which part of the game will have more goals (1st or 2nd half, etc)
To score/not to score – quite obvious, you bet on a team to score/not to score
Winning margin – obvious
1st goal to score, Goal scorer – you can bet on the goal scorer (the player), or the first team to score, there are many variations of this type
Booking/Corners – you can bet on the number of yellow/red cards and the number of corners (football). Mostly available in live betting
Outrights/Specials – usually long run bets (who wins a championship, presidential elections, etc.) Unibet offers many different long term bets.
For Sports betting lovers please react to this by leaving a comment below.
A Nigerian Lady says “If we are dating and I find out you play sports betting, it’s Over” If you are the one what will you say or do…?
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
In Sports Betting What Is The Money Line Betting
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
What Is The Moneyline Mean In Sports Betting
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.