bet365 prides itself as “The World’s Favorite Sportsbook," which makes sense, given its global reach. Players all over the world come to bet365 because it’s a trusted operator that provides a multitude of betting markets within the context of a user-friendly experience, whether you’re on a desktop or mobile.
Moneyline betting is one of the types of wagers to target here. There are several options available at bet365, along with valuable promotions that come up throughout the year, such as “Early Cashout," which counts your pick as a win if your team is up by a certain number of goals, runs, or points.
We’re going to provide you with the ins and outs of wagering on moneylines at bet365. After reading, you’ll be knowledgeable about the process and strategy involved with this bet type. So without further ado, let’s dive in to get you on a path toward success with moneyline wagering.
How to Do Moneyline Bets on bet365
Follow these directions to place a bet on moneylines at bet365.
Step 1: Create an Account or Sign In
Click one of our links on the bet365 review page to access the best welcome offer. Sign up for a new account by creating a username and password. Provide your personal information so that bet365 can verify your identity. If you have an existing account, simply sign in.
Step 2: Deposit Funds
You can now put money in your account by selecting “Deposit," which is located on the top-right corner of the page, directly to the left of the icon. There are multiple banking methods to choose from, including PaySafe Card, Apple Pay, and Credit/Debit. Deposits will process immediately, so you’ll be ready to place your bets right away.
Step 3: Navigate the Betting Markets
Select “Sports" or choose your preferred league in the list on the left of your page. This will show you the game’s on tap for that specific day. You’ll notice that the moneylines are shown here, as they’re one of the traditional betting markets. When you’ve decided on your pick, you’re ready for the next step.
Step 4: Add to Your Bet Slip
Click the moneyline to add it to your bet slip. You’re now given the option to type in your allotted risk in the “Set Wager" section. You will see your potential payout under “To Return." If there are any changes to odds as you’re placing the wager, you will be prompted to see if you still want to proceed with the bet.
Step 5: Straight or Parlay?
If you want to make a straight bet, you can click “Place Bet." Alternatively, you can create a parlay by going back to the betting markets page and adding another moneyline. This will show up on your bet slip. You’ll see updated odds as you add more picks to your parlay.
What Does Moneyline Mean on bet365?
Moneyline requires you to pick a team to win the game. Each side has odds attached to them, with one as the favorite and the other as an underdog. The odds are based on the implied win probability for each team. The moneyline can shift as it gets closer to game-time for a number of factors, including sharp/public money, injured players, and more.
Let’s take a look at an example:
New York Mets (-200) vs Miami Marlins (+170)
The Mets are heavy favorites in this matchup. If you take them, you’d be risking $200 to win $100. On the other hand, if you go with the Marlins, you’d win $170 on a $100 wager.
bet365 Moneyline Rules
There are a couple of rules to keep in mind when wagering on moneylines:
- If a baseball game is called after five innings due to weather (4.5 innings if the home team is leading), you’d still win your bet if your team is winning.
- Soccer matches refer to the first 90 minutes (including stoppage/injury time). If it goes to extra time, this would result in a tie, so you’re three-way moneyline (to win) selection would be marked as a loss.
Moneyline vs Spread
Moneyline involves you picking the winner of the game, while spread incorporates the margin of victory. Moneyline odds can be more expensive on favorites while offering higher payouts with underdogs. Spreads generally have the same odds, ranging from -110/-110 to -115/-105 for the most part.
The exception to this is in hockey and baseball, which have more discrepancies in their spread odds.
Here’s an example that includes both the moneyline and spread for the same game:
Philadelphia Eagles at New York Giants
Spread: Eagles -3.5 (-110)/Giants +3.5 (-110)
- Betting the Eagles requires them to win by four or more. Pays $100 on a $110 bet.
- If you choose the Giants, they can win the game or lose by three or fewer.
Moneyline: Eagles -170/Giants +140
- If you take Philly, they just need to win, but you’re risking $170 to win $100.
- On the other hand, taking New York would payout $140 on a $100 wager.
Underdog vs Favorite
Each game has an underdog (+, plus odds) and favorite (-, minus odds). The underdog offers a greater payout than the stake, while the opposite is true for favorites.
Here’s an example:
Chiefs -150 at Broncos +130
- Chiefs (favorite): Risk $150 to win $100
- Broncos (underdog): Stake $100 to win $130
Favorites cost you more money because they’re projected to win the game.
bet365 NFL Moneylines
The NFL is great for moneylines because there are several options to choose from, including the following:
- Full game
- 1st/2nd/3rd/4th quarter
- 1st/2nd half
- Live moneyline
Your best course of action is to focus on the full game since it’s easier to project who wins over four quarters as opposed to portions of the match. You may also opt to target live moneylines. This is where you place an in-game wager on odds that are updated in real-time, depending on what has transpired in the game.
It can be a great way to find value, as you may find that a heavy favorite has more desirable odds after trailing 7-0.
The Super Bowl is great for moneylines as well, as you’re able to place a wager on any of the options outlined above. Since this is a day where there’s only one game on the slate, it’s a good idea to incorporate first half or quarter moneylines as well. You can project one team to get off to a strong start and ride them with this bet type.
Moneyline Bet Strategies
Let’s explore some strategies for moneyline bets:
- Focus your straight wagers on underdogs. Upsets happen quite often, so this is a great way to find value.
- Don’t lay too much juice with a straight bet on a favorite. Limit this to about -140 odds.
- You can parlay favorites to reduce their risk.
- Check to see a team’s recent performance to see if they’re playing well.
- Analyze the head-to-head matchup to see if there are any mismatches.
Moneyline Betting for Beginners
If you’re a beginner to moneyline betting, we’ve got you covered here:
- Keep track of your record so that you’re aware of your progress.
- Focus on straight bets with a sprinkle of a few parlays.
- Never risk too much money on one single wager.
- Shop around multiple sportsbooks to find the best line.
- Monitor the line movement as we get closer to the game.
- Check out the live betting to see if you find any value.
How to Calculate Moneyline Odds
Moneyline odds are displayed in American format on bet365. We’ll go through a few examples to show you how to calculate them:
Example 1: risk $100 on -140 moneyline
- Divide 140 / 100 = 1.4
- Divide 100 / 1.4 = $71.42
- You win $71.42 on a $100 bet
Example 2: to win $100 on -160 moneyline
- Divide 160 / 100 = 1.6
- Multiply 1.6 x 100 = $160
- Risk $160 to win $100
Example 3: stake $100 on +130 odds
- Divide 130 / 100 = 1.3
- Multiply 1.3 x 100 = $130
- Risk $100 to win $130
As we can see here, underdogs have lower risk with higher payouts, while the opposite is true for favorites. However, favorites have a better probability of winning the game.
Why Are Moneylines a Good Bet?
Moneylines can be a bet type to target for these reasons:
- You can hit a home run with a big payout on a parlay filled with underdogs.
- Straight wagers on underdogs can also give you solid value.
- Parlay heavy favorites with high implied probability to reduce their risk.
- They’re easy to understand — simply pick the winner of a game.
- You don’t have to worry about them winning by a certain margin of victory, as in point spread.
Can Moneylines Be a Bad Bet?
There are also drawbacks involved with wagering on moneylines:
- Betting on favorites can drain your bankroll since they’re expensive.
- It can often be challenging to hit on an underdog.
- Don’t make your moneyline parlays too big — even with heavy favorites, it’s unlikely to hit.
- Be sure not to take a team that’s “due for a win" — focus on teams playing well.
- Pay attention to meaningful data rather than broad trends.
What Sports Are Available for Moneylines?
You can bet on moneyline for these sports:
- Formula One
Is There Bet Insurance on Moneylines?
Bet Insurance is a signup bonus, where new users are reimbursed for their first bet if it loses. This is capped at a certain number, often ranging from $200 to $1,500.
You are able to use moneylines for this offer as long as they meet minimum odds requirements, which are usually set at -200. This means that you can’t use a -300 bet on your bet insurance.