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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.

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