Introduction:
FanDuel is a very famous online sports betting platform. The platform is very famous among sports bettors in the United States of America. FanDuel offers you different types of betting options. You can bet on your favorite sports, daily fantasy sports or other casino games here. And you will love the features that they offer. Now, if you are new to sports betting, then you have come across the term moneyline. This is a very famous term on FanDuel. But do you know what moneyline means and how does it work?
Don’t you know what moneyline means on FanDuel?. You need not to worry. In this article, I will be telling you everything about what moneyline betting means on FanDuel. I will also be telling you how to read the odds and how to make smart moneyline bets. Then what are you waiting for? Let’s start the article!
What Does Moneyline Mean?.
The moneyline is a very famous wager option in sports betting. It is a wager on which team or player will win outright, with no point spreads or complicated calculations involved. So it is a relatively easy betting option.
For example, if you bet on Team A and they win, then you will win the bet. And if they lose the match, then you will lose your wager. So it is very simple. This simplicity is why moneyline bets on FanDuel are very popular. They are indeed among the favorites of both the novice and the experienced bettors.
How Do Moneyline Odds Work?.
Moneyline bets are very simple. On FanDuel, moneyline odds are displayed as positive (+) or negative (-) numbers.
Negative Odds (-):
The negative odds represent the favorite, or the team/player that you expected to win.
Example:
If you go for -150, then it means that you need to bet $150 to win $100.
Positive Odds (+):
Positive odds represent the underdog. This is the team/player less likely to win.
Example:
If you go for +200, then it means a $100 bet could win you $200.
Example of a Moneyline Bet:
Let’s suppose that there’s a game between the Lakers and the Celtics.
- Lakers: -120
- Celtics: +150
- Now, if you bet $120 on the Lakers and they win, then your payout will be $220 ($100 profit + your $120 stake).
- If you bet $100 on the Celtics and they win, then your payout would be $250 ($150 profit + your $100 stake).
Why Choose Moneyline Bets on FanDuel?:
There are many reasons due to which you should go for moneyline bets on FanDuel. Some of these reasons include:
Simplicity:
The first reason due to which you should go for the moneyline bets is their simplicity. Moneyline bets are very simple and straightforward. The only thing you have to do is to simply pick up a winner. This makes it ideal for you if you are a beginner. This is also good for you if you are still learning about betting markets.
No Point Spreads:
Moneyline bets are not like point spread betting. It is because in the moneyline, you need not to worry about how many points a team should win or lose by.
Wide Variety of Events:
FanDuel offers moneyline bets across a range of sports. Nearly all of the famous sports categories are included in this list. Some of them include:
- NFL
- NBA
- MLB
- Soccer
- Tennis
How to Place a Moneyline Bet on FanDuel:
If you want to place a moneyline bet, then you should follow the steps below:
Step 1: Log In or Sign Up:
First of all, you should login to your FanDuel’s account. If you don’t already have an account, then you should sign up for FanDuel. You can sign up to it by providing your details and verifying your identity.
Step 2: Choose Your Sport:
After signing up, you should navigate to the sports menu. Here, you should select the sport you want to bet on.
Step 3: Find the Moneyline Option:
You should locate the game or event you’re interested in. After that, you should look for the moneyline odds in it. These odds will be displayed next to the names of the teams or the players.
Step 4: Add to Your Bet Slip:
You should click on the odds for your chosen team or player. This will add the moneyline bet to your bet slip.
Step 5: Enter Your Stake and Confirm:
Finally, you should enter the amount you wish to wager. Next, you should review your potential payout. Once you are confirmed, then you should click on the “Place Bet” option to confirm your bet. Congratulations, you are good to go now.
Tips for Betting on the Moneyline:
If you want to place successful moneyline bets, then you should follow some tips. These tips include:
Research the Matchup:
You should understand the strengths and weaknesses of the teams. You should also understand the strengths and weaknesses of the players involved too. This is very crucial. You should look at the recent performance, injuries, and head-to-head history of the players. This will help you in making informed decisions.
Compare Favorites and Underdogs:
Remember that betting on favorites will offer you smaller but safer payouts. But if you bet on underdogs, then it can lead you to higher profits if you win. So you should compare them. And after that, you should place your wager.
Manage Your Bankroll:
You should set up a budget for your bets. After that, you should stick to that budget. You should never bet more than you can afford to lose.
Look for Value Bets:
Sometimes, underdogs offer great value if you believe that they have a good chance of winning. So you should analyze the odds and decide if the risk is worth it.
Use FanDuel’s Promotions:
You should take advantage of FanDuel’s bonuses. FanDuel will offer you different promotions like risk-free bets or odds boosts. You should use these bonuses to maximize your potential winnings.
Moneyline Betting Across Different Sports:
The moneyline is a versatile betting option. This is the reason why it is available for most of the sports. Here is how it works in some popular games:
NFL and NBA:
You simply bet on which team will win. In football and basketball, favorites often have negative odds. On the other hand, underdogs have positive odds.
MLB:
In baseball, moneyline betting is particularly popular. It is because point spreads (run lines) are less commonly used in these matches.
Tennis:
Moneyline betting involves picking the winner of a match. So you can go for them in tennis as well. This can be more straightforward in tournaments with clear favorites.
Soccer:
In soccer, moneyline bets may include three outcomes:
- Team A win
- Team B win
- Draw
Example of a Moneyline Betting Scenario:
Imagine you are betting on an MLB game between the Yankees and the Red Sox:
- Yankees: -140
- Red Sox: +120
- If you bet $140 on the Yankees and they win, your total payout would be $240 ($100 profit + your $140 stake).
- If you bet $100 on the Red Sox and they win, your total payout would be $220 ($120 profit + your $100 stake).
Conclusion:
FanDuel is a very famous online betting platform. The platform has been trending for quite some time. FanDuel offers different types of betting options. One of them is moneyline betting. Moneyline betting on FanDuel is an excellent choice for you if you are a beginner. It is also a very good option for seasoned bettors too. In it, you simply need to focus on picking the outright winner. So it simplifies the betting process and makes it easy for you to understand. Moneyline betting option is available for different sports like NFL, NBA and many other sports. But you should understand the odds and use smart strategies while placing moneyline bets. And this will improve your chances of success to a greater extent.
FAQS:
Q: What does a moneyline bet mean in simple terms?.
Ans: A moneyline bet is a wager on which team or player will win the game or event outright. This is a simple betting option as it has no point spreads involved.
Q: Can moneyline bets end in a tie?.
Ans: Most sports do not allow you ties in moneyline bets. If a tie occurs in sports like soccer, the bet is either voided or treated as a separate “draw” option.
Q: Is moneyline betting better for beginners?.
Ans: Yes. Moneyline betting is one of the simplest forms of sports betting. It does not involve anything complex or complicated. This makes it more ideal for the beginners.
Q: Can I combine moneyline bets in a parlay on FanDuel?.
Ans: Absolutely! You can combine multiple moneyline bets into a parlay for a chance at a higher payout.
