If you watch sports on TV or in the arena you probably have seen or heard of Betway.
Despite the fact ❤️ the online sportsbook is only available in a handful of states, it is a household name due to its aggressive ❤️ in-arena/stadium marketing push that makes its name clearly visible at almost every professional sporting event.
If you’re in one of the ❤️ states where Betway is legal and have been curious about placing wagers with the book, don’t be intimidated. Seize the ❤️ day and take advantage of the collection of wagers the sportsbook has to offer.
Here’s a crash course on how to ❤️ bet moneylines at Betway.
How to Bet Moneylines on Betway
Step 1: Create an Account or Sign In
You need an account in ❤️ order to play with Betway. If you have an account be sure to sign in. If you don’t, sign up ❤️ clicking on our custom link on our Betway full review page, if necessary, to unlock the best new-player offer.
Remember all ❤️ sensitive information is secure and is requested only to affirm your identity.
Step 2: Deposit
Put your money into your Betway account. ❤️ Betway accepts all kinds of depositing options like PayPal, PayNearMe, e-check, ACH and credit card in every state except New ❤️ Jersey.
Keep in mind that Betway will not let you withdraw funds via credit card, meaning if you insert your money ❤️ via that method it is likely you’ll need to deposit with PayPal or ACH in order to withdraw in that ❤️ fashion.
Step 3: Peruse Betting Markets
Betway offers odds and lines on more than 2,000 sporting events per week, which means there ❤️ is no shortage of moneyline wagers to make with the sportsbook.
Step 4: Place Your Bet
Find the moneyline bet you wish ❤️ to make. Enter the amount you wish to wager. Press “Place Bet."
Step 5: Root For Your Bet to Hit
Cheer on ❤️ your team and hope it wins!
What Does Moneyline Mean on Betway?
Moneyline bets are the simplest types of wager. In a ❤️ moneyline bet, users are simply asked to determine who will win a game or match taking place. Sportsbooks assign odds ❤️ for the favorite and underdog based on how likely they are to win, and those odds also dictate the amount ❤️ of profit a bettor will make on a successful moneyline bet.
If the Green Bay Packers are a -210 moneyline favorite ❤️ in a game against the Chicago Bears, and Chicago is a +170 underdog, that means Green Bay bettors would have ❤️ to wagerR$210 to netR$100 in profit. A Bears moneyline bet would earn a bettorR$170 profit on aR$100 bet.
If the next ❤️ week the Packers are a +150 underdog while playing the Dallas Cowboys, and Dallas is a -190 favorite, that means ❤️ aR$100 wager on the Packers would netR$150 in profit, and aR$190 bet on Dallas would be required to fetch aR$100 ❤️ profit.
Betway Moneyline Rules
There aren’t too many rules for moneyline bets at Betway, but here’s the major one:
Pushes: A bet is ❤️ voided if a bettor wagers on a team in a two-way wager and it is a draw. For instance, if ❤️ a bettor places a two-way soccer bet (draw-no-bet), a traditional NFL moneyline bet, an MMA two-way bet or boxing bet, ❤️ and the game/match ends in a draw, the bet is voided and the gambler receives his/her initial stake.
A bet is ❤️ voided if a bettor wagers on a team in a two-way wager and it is a draw. For instance, if ❤️ a bettor places a two-way soccer bet (draw-no-bet), a traditional NFL moneyline bet, an MMA two-way bet or boxing bet, ❤️ and the game/match ends in a draw, the bet is voided and the gambler receives his/her initial stake. Official Game ❤️ Pushes: If a game is not completed and not suspended and is called off either due to weather or other ❤️ factors, a moneyline bet will also be voided and the bettor’s initial stake is returned.
Moneyline vs Spread
Moneyline betting, again, is ❤️ simply determining which team or athlete will win the game or match at hand. In spread betting, sportsbooks will predetermine ❤️ a number that the favorite would need to win by, or cover, and assign more lucrative odds for betting. Bettors ❤️ can wager on if the underdog will lose by fewer than the predetermined number in an effort to draw more ❤️ action to underdogs who may not stand a chance of winning outright.
There are crucial differences in wagering moneylines vs. spreads. ❤️ For instance, a favorite often wins outright but does not cover the spread, especially in games where a team is ❤️ a double-digit point favorite, since coaches only care about playing to win and don’t play to cover the spread.
Still, there ❤️ are times where betting the spread is a more favorable play. We do not advocate betting moneyline odds that are ❤️ -150 or longer, since the juice isn’t worth the squeeze so to speak, but would advocate bettors wager on a ❤️ favorite to cover 2.5 points in that instance since a small spread is worth cashing in on since teams that ❤️ win typically do so by more than two points.
Underdog vs Favorite
Most moneyline underdogs and favorites are easy to tell, especially ❤️ if you’re a sports fan following the league you’re wagering. But underdogs are typically the team assigned plus-money odds, since ❤️ those pay out more in profit to wagerers, and favorites will typically be given minus-money odds.
There are times when both ❤️ teams will have minus-money odds, but those are usually reserved for games and matches played either at neutral sites or ❤️ ones that appear extremely close on paper.
The favorite often will also have a minus number in the spread line — ❤️ -1.5, -2.5, -7, etc.,
Betway NFL Moneylines
Betway is an elite option for NFL moneyline wagering. Betway offers moneyline odds for every ❤️ NFL game, from the preseason to the Super Bowl, and gives competitive odds so bettors can get the most bang ❤️ for their buck each week.
Betway will also curate multi-leg moneyline parlays, like wagering on three teams to each win one ❤️ Sunday, and boost the odds so bettors who cash in can get even more profit.
Super Bowl
Betway is an excellent option ❤️ for Super Bowl betting, especially moneyline wagers on the big game. Betway gives users futures, like which team will win ❤️ the Super Bowl and which team will win the AFC and NFC, while also providing competitive odds and lines for ❤️ big-game betting.
Moneyline Bet Strategies
The best strategy for moneyline betting is to do your homework and take advantage of value. Whether ❤️ that is from shopping across sportsbook options for best odds or whether that is from market inefficiencies. Like favorable moneyline ❤️ odds for a road favorite or a home underdog, that doesn’t seem to make sense then mash it.
I like to ❤️ wager on home underdogs in the NBA, since home teams in basketball typically have a distinct advantage. I peruse moneyline ❤️ markets and find the ones that don’t seem to make sense, even if they are for small profits like +120, ❤️ then reap the rewards when the home team wins.
Do your homework and don’t be afraid to take risks — this ❤️ is gambling, after all. If a key player is likely to miss an important game, bet the opponent while the ❤️ odds are still favorable and before the marquee player is ruled out.
Also take advantage of boosted-odds wagers you were planning ❤️ to place anyway. For instance, if the team you want to bet is boosted to +100 from -120, that’s aR$0.17 ❤️ profit increase for everyR$1 wagered, and you were planning on making that bet anyway.
Moneyline Betting for Beginners
Start small. Place wagers ❤️ on games you really think will hit and monitor what happens. If your bet is successful try wagering a bit ❤️ more. Maybe create a two-leg, moneyline parlay. Before you know it, you’ll be a pro gambling round robins and teasers ❤️ with the best of them.
Betway is a great option for those dipping their toes into sports betting. It has a ❤️ leg up on the competition in terms of its new-player bonus because it is a risk-free bet that reimburses in ❤️ site credit if it doesn’t hit. That means if you placeR$100 on your first wager and it doesn’t hit, you’ll ❤️ getR$100 back in playable funds that can be used for as long as it is there.
How to Calculate Moneyline Odds?
As ❤️ alluded to above, moneyline odds are dependent on how likely the favorite and underdog are to win. A moneyline bet ❤️ with -120 odds will fetchR$0.83 in profit for everyR$1 wagered. A -200 moneyline bet will netR$0.50 on everyR$1 bet. A ❤️ -450 moneyline wager will netR$0.22 for everyR$1 gambled and so on.
Plus-money odds are far easier to calculate, since a bettor ❤️ can simply divide down to determine how profit will pay out. A +170 odds bet will pay outR$1.70 for everyR$1 ❤️ bet. +200 isR$2 for everyR$1. And so on.
Every winning bet pays out stake + profit, as long as a free ❤️ bet isn’t used, and Betway, like most sportsbooks, will give users the exact payout amount for your wager before you ❤️ place it.
Why Are Moneylines a Good Bet?
Moneylines are easy! You simply place the wager on whether the team you believe ❤️ will win does or not and reap the reward if/when it does. There’s no caveats added or spreads to cover. ❤️ Teams play to win, and when you’re a moneyline bettor, you win when they do — even if it’s in ❤️ overtime, or by a single point.
Can Moneylines Be a Bad Bet?
When the odds aren’t favorable enough, yeah. You end up ❤️ betting more to max out your payout when the odds aren’t lucrative enough, since few people truly want to profitR$5 ❤️ on aR$10 bet, and -200 favorites often lose. Teams that have shorter moneyline odds sometimes lose.
It’s not fun to lose ❤️ a moneyline bet. It’s especially not fun to lose a moneyline bet where the payout would be less thanR$0.50 on ❤️ the dollar.
What Sports Are Available for Moneylines?
Any sport that has games or matches. Soccer will have three-way moneylines, since there ❤️ are three results (win, lose, draw), but the rest will typically be two-way moneyline odds, even though ties are possible ❤️ in the NFL.
Is There Bet Insurance on Moneylines?
When you place your initial risk-free bet on a moneyline wager there will ❤️ be bet insurance. Sometimes Betway will offer promos like parlay insurance, and if you have a moneyline leg there you ❤️ could get your money back. But more often, there isn’t insurance on Betway.
