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.
