Betting is weirdly enough a part of growing up and not only do you see and hear it everywhere, I bet (See what I did there) you’ve done it yourself at some point.
What I mean by that is that kids make bets all the time. I bet I will finish my pizza before you or I bet you can’t run faster than me etc. Sure, it might not be exactly the same because most of the time there isn’t an actual bet in the way of money being exchanged. However, the act of betting is. Considering it being so common among friends and family, it’s interesting that betting is still very much frowned upon by many once they reach adulthood.
But enough of my contemplation, let’s move on and talk about actual sports betting and specifically one part of it. What is the Most common type of sports bet and why?
Just Keep It Simple
Picture this: you’re sitting in front of your computer or phone, scrolling through an online sportsbook or casino, trying to decide which team or player to bet on. You don’t have a lot of experience with betting, but you want to try your luck and see if you can win some money. You happen to see a bet that’s easy to understand and seems like a good choice: the moneyline bet.
What Is the Moneyline Bet?
The moneyline bet is the most common type of bet at online casinos and sportsbooks, and for good reason. It’s simple, straightforward and very easy to understand. In other words, the perfect choice if you are a beginner.
With a moneyline bet, you are betting on which team or player will win a particular game or event. It’s as simple as that. You don’t have to worry about point spreads or over/unders, or any of the other more complicated types of bets. You just have to pick a winner. Do you think this team will beat that team? Yes. Ok, that’s your bet right there.
This Is How a Moneyline Bet Works
So how does a moneyline bet work? Basically it all comes down to the odds and that’s how you can see which team or player is the favorite. The team with the lowest odds has the bigger chance to win according to the oddsmakers. Let me give you a couple of examples to make it easier to understand:
Premier League Football
Team A: Manchester United – 1.37
Team B: Southampton FC – 8.20
In the above example from Stake.com, just by looking at the odds you can tell that Manchester United is the favorite. If you bet €100 on Manchester United to win and they do, you would receive a payout of €137 (your stake of €100 multiplied by the odds of 1.37).
On the other hand, if you bet the same amount on Southampton to win and they do, you would get a nice €820 payout (your stake of €100 multiplied by the odds of 2.30).
Team A: Boston Celtics – 1.21
Team B: Portland Trail Blazers – 4.69
The odds above are for an upcoming NBA game from Cloudbet Sportsbook. Should you bet €100 on Boston to win and they do, you would receive a payout of $121 (your stake of $100 multiplied by the odds of 1.21).
If you bet on the Portland Trail Blazers to win and they do, you would receive a payout of $469 (your stake of €100 multiplied by the odds of 4.69).
You Can Ignore Everything Else
The best part of the moneyline bet is its simplicity. You don’t have to worry about how many points a team is going to win by or anything else that would complicate the bet. You just have to pick a winner. This makes it a great choice for beginners who are just getting started with sports betting.
It’s also a great choice for experienced bettors who want to make a quick and easy wager without having to do a lot of research or analysis. Sometimes that is all you are looking for.
Simple Doesn’t Mean Boring
But just because the moneyline bet is simple doesn’t mean it’s boring. In fact, there are plenty of ways for you to make this type of bet more exciting. For example, you can bet on underdogs and long shots, and root for them to pull off an upset. Watching your team surprise everyone and get the unexpected win is thrilling enough and don’t forget, the payout is always bigger!
Another way of spicing things up is to try and win big by betting BIG on a sure thing. And if you’re feeling really adventurous, you can even try to bet on multiple games or events at once, and see if you can win a big payout by getting all of your picks right.
Don’t Ignore the Risks
Before I go, I have to remind you that there are risks with any type of betting, even with the moneyline bet. You could lose your money if the team or player you bet on doesn’t win. But at the same time, that’s all part of the excitement and thrill of sports betting. No risk, no reward!
So, to sum it all up, the moneyline bet is the most common type of bet at online crypto casinos and sportsbooks, and for good reason. There’s literally no reason for you to complicate things unless you really have to.
If you want to make one bet, my recommendation is to go with the Moneyline bet.
Try it out at one of the many crypto sports betting sites like Sportsbet.io, Stake.com or Cloudbet among others.