What is a Moneyline bet? (US)

Overview

A Moneyline bet is simply a wager on which team/player you think will win the game/match. With a Moneyline bet you are picking the outright winner, and the amount you win is based on the Odds determined by the sportsbook.

Note: When using the American odds format, returns are based on a $100 standard betting unit. 

Moneyline bets can be 2-way or 3-way Moneyline bets. 

2-way Moneyline

In this type of Moneyline bet, you are betting on the winning team. In case of a tie/draw, the bet result is a push and the wager is returned to you. When using American odds, the positive Moneyline is the underdog and the negative Moneyline is the favorite

2-way Moneyline example:

In the case pictured above the Orioles are the favorite at -130 Moneyline odds, which means that a $130 bet can bring you $100 in profit if the Orioles win. The Twins are the underdog at +110 odds, which means that a $100 bet can bring you $110 in profit if the Orioles win.

3-way Moneyline

Unlike the 2-way Moneyline, the 3-way also includes the tie/draw option and, in such cases, the wagers won't be refunded.

3-way Moneyline example:

In this case, Barcelona is the favorite at +115, which means that a $100 bet can bring you $115 in profit if Barcelona wins. Paris St-Germain is the underdog at +205, which means that a $100 bet can bring you $205 in profit if Paris St-Germain wins. Draw is the third option, which is listed at +300, in which case a $100 bet can bring you $300 in profit if the match ends in a tie. 

Learn how to place a bet on DraftKings Sportsbook.