Moneyline Bets & Win Bets
The terms moneyline bet and win bet both refer to the same type of wager; they are used in different parts of the world. A moneyline bet is mostly used in the United States, while a win bet is the favored term in most other regions.
This is the simplest type of wager there is, and it's a very popular one. It's used in virtually every single sport you can bet on. All that is involved is making a single selection of which team (or individual) will win a game, match, or event. If your selection wins, then your wager wins. If your selection loses, then your wager loses.
To illustrate exactly how this type wager works, we provide a few examples below.
Example 1 – Football Matches
The above image is a small selection of moneyline bets offered on some football matches. The first column is the time the relevant game starts, and the second column is a reference number for each selection. The third column is the team itself, and the fourth shows the odds for each selection.
All you need to do to place a moneyline bet is pick a team that you think is going to win their match, and decide how much you wish to stake. You might think that the Buccaneers are going to beat the Jaguars, for example, so you would place a moneyline bet with them as your selection. With odds of +110, if they do win, you would reap $110 for every $100 staked. If they lose, you would lose your stake.
Example 2- Tennis Matches
In this image you can see a selection of win bets offered on tennis matches. The odds for each player to win their match are in the two columns at either side in fractional format. Again, to place a bet you just have to pick a player you think is going to win their match and choose your stake.
Note that some of the players are clear favorites, and they have quite low odds. A win bet on Raonic, for example, will return winnings of just $14.29 per $100 staked. This is one of the drawbacks of placing win bets on big favorites. It's not necessarily a bad thing to do, but you won't win much relative to your stake.
Example 3 – Soccer Matches
You may notice a significant difference between the previous two examples and this one. The games listed above, all soccer matches, each has three sets of odds displayed. This is because there are three possible outcomes: home team win, away team win, or tie. The odds in the 1 column are for the home team to win, X is for a draw, and 2 is for an away win. If you choose to bet on the tie, your wager is still considered to be a win bet.
It's worth pointing out that not all sports are treated in the same in a betting sense when it comes to ties. In some sports, you cannot bet on the tie; and in the event that one occurs, a win bet on either team will be considered a push. This means you have your stake returned. In other sports, such as soccer, you can bet on the tie. When this is the case, a win bet on either team will lose in the event of a tie.
If you are looking for more information on moneyline bets, then we suggest taking a look at our advanced monelyline betting page. There you'll find a much more detailed explanation and some strategy for using moneyline bets.
Author: Brad Johnson
Updated: March 2015
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