If you’re looking for a new sportsbook to join, check out Unibet.
Whether you prefer traditional markets like point spreads or if you like to dive into player props, Unibet has got you covered with an expansive selection. Their platform is easy to navigate due to its organized layout, providing an accessible experience for each user.
In this article, we’re going to provide you with an in-depth overview of how to bet money lines at Unibet. You’ll learn about the process and strategy involved with the most popular bet type in the industry.
How to Do Moneyline Bets on Unibet
Step 1: Create an Account or Sign In
The first step involves you creating an account at the sportsbook. You’ll need to make up a username and password while also providing your personal information. This is required so that the site can verify your identity.
To activate the best welcome offer available, click on one of our Get Bonus buttons. You can also read our Unibet Sportsbook review for more information on the betting site.
Step 2: Deposit Funds
Now it’s time to fund your account using one of the many banking methods available at Unibet, including credit cards, PayPal, and more.
Depositing money is a safe and secure process, as financial transactions are encrypted as a safeguard. You can access this section by clicking ‘Deposit,’ which is found on the top-right of your screen.
Before signing up and making a deposit, for those in Arizona, get the bet $50, get $200 Unibet promotion. Unibet will match 100% of your bet, up to $50, with four free bets of equal value.
Step 3: Check the Betting Markets
Navigate through the several betting markets available at Unibet. When you’ve decided on your preferred sport, click the league to populate the day or week’s slate of games. You’ll find money lines on the main screen since they’re among the traditional markets.
Step 4: Place Your Bet
Click the moneyline that you want to add it to your bet slip. You can adjust the stake to see different payouts, which depend on the odds of your pick. If you want a straight wager, click ‘Place Bet.’ If you prefer to put your moneyline in a parlay, go back to the main page to add another selection.
Step 5: Root For Your Bet to Hit
Now it’s time for the fun part. You get to sweat out your bet while you cheer for your team!
What Does Moneyline Mean on Unibet?
Moneyline bets are easy to understand. All you need to do is pick the winner of the match. Each team is assigned odds based on their implied win probability. The favorite has minus odds (-), while the underdog has plus odds (+).
Here’s an example:
Baltimore Orioles (+170) vs New York Yankees (-200)
The Yankees are heavy favorites here, as evidenced by their -200 odds. If I wagered on New York with $100, it would pay $50. On the other hand, if I took the Orioles with $50, that would provide an $85 payout.
The lower the odds on the favorite, the less you’ll win on the bet. For example, -300 odds would pay $33.33 on a $100 wager. The higher the odds on an underdog, the greater the payout. For instance, +300 odds would triple your money if your bet won.
Unibet Moneyline Rules
You won’t have to worry about too many rules when wagering on money lines at Unibet:
- Pushes: This is when the result ends in a tie, resulting in a “push," which is where your bet is voided and your money refunded. A push can occur in an NFL game that ends in a tie or soccer “Draw No Bet" type of wager.
- Official Game Pushes: This is where an MLB game may end earlier (it can be called after 5 innings as an official result) due to weather. You’ll be given back your money in this case.
Moneyline vs Spread
The moneyline just refers to picking the winning team, while the spread incorporates the margin of victory. The higher the point spread for the favorite, the lower their moneyline (higher negative integer).
Here’s an example:
Los Angeles Lakers +4.5 (-110) at Brooklyn Nets -4.5 (-110)
- Betting on the Nets would require them to win by five or more points. The wager is at -110 odds, so you’d risk $110 to win $100.
Lakers +160 vs Nets -190
- If you wanted to remove the point spread in that match, you’d have to pay more at -190 odds. However, the Nets simply need to win the game. In this case, you’d risk $190 to win $100.
There are times where the moneyline is the better option (i.e. betting underdogs with low spreads) and other times where going with the spread is best (ex. heavy favorite with expensive moneyline).
Underdog vs Favorite
You can tell whether a team is a favorite or underdog by checking the sign listed before the moneyline. Favorites have a negative sign, while underdogs are positive.
Let’s take a look at an example:
Kansas City Chiefs -170 vs Arizona Cardinals +150
- The Chiefs are the favorites and the Cardinals are the underdogs
Betting on favorites means that your stake is greater than the payout. The opposite is true when wagering on underdogs.
Unibet NFL Moneylines
Unibet is a terrific choice for NFL moneyline bets. Not only are you able to target this bet type on every NFL game, but their odds align with the rest of the market, so you won’t have to worry about overpriced lines.
You can enjoy the following options for NFL moneylines at Unibet:
- Full Game
- 1st Half
- 2nd Half
- 1st Quarter
- 2nd Quarter
- 3rd Quarter
- 4th Quarter
There are also live wagering available, where you can bet on the moneyline during the game. These odds are updated in real-time, reflecting what has happened in the match at that time.
The Super Bowl is the best time for a sports bettor, as there is a plethora of options at your disposal.
Moneylines are no different, as you can wager on each of the types outlined above. The best bet is to focus on the full game, since it’s easier to project who wins the match as opposed to a quarter or half.
Moneyline Bet Strategies
It’s important to have a strategy in place when betting money lines. Here are a few tips:
- Check the head-to-head matchup to see if one team has an edge.
- Analyze a team’s recent performance to see if they’re playing well at the time.
- Take a look at home/away splits to see if there are any notable trends.
- Shop around different sportsbooks to find the best lines.
- Save favorites for parlays because you don’t want to lay too much juice.
- Sprinkle in some underdogs since they have more value.
Moneyline Betting for Beginners
If you’re a beginner to moneyline better, keep the following in mind:
- Focus on straight bets because they have a higher win probability.
- Sprinkle fewer units on parlays since they’re difficult to win.
- Keep track of your progress by recording your wins and losses.
- Take a shot on a home run parlay for that higher payout, but not too often.
- Never risk too much money on one bet.
How to Calculate Moneyline Odds?
Moneyline odds are displayed in American format, which are positive or negative numbers related to $100.
Let’s dive into the steps involved with calculating the risk and payout:
Example 1: Risk $100 on -120 favorite
- Divide 120 / 100 = 1.2
- Divide 100 / 1.2 = 83.33
- Risking $100 would pay $83.33 at -120 odds
Example 2: Win $100 on -150 favorite
- Divide 150 / 100 = 1.5
- Multiply 1.5 x 100 = 150
- You would risk $150 to win $100 at -150 odds
Example 3: Risk $100 on +160 underdog
- Divide 160 / 100 = 1.6
- Multiply 1.6 x 100 = 160
- You would win $160 on a $100 wager at +160 odds
Why Are Moneylines a Good Bet?
Moneylines can be a good bet for these reasons:
- They’re easy to understand — simply pick the winning team.
- You can get good value in taking underdogs.
- There’s a chance at a big payout with an underdog parlay.
- Remove the risk of taking heavy favorites by combining them into a parlay.
- Avoid bad beats like picking the winning team that does not cover the spread.
Can Moneylines Be a Bad Bet?
However, keep in mind that there are instances where moneylines can be a bad bet:
- Risking too many units on a heavy favorite with an expensive moneyline.
- Draining your bankroll by choosing too many underdogs.
- You may handicap the game correctly, but turnovers or unexpected injuries affect the result.
- It can be difficult to predict the winner or loser of a game.
What Sports Are Available for Moneylines?
Moneylines are one of the traditional bet types, so you’ll enjoy several sports within this market, such as:
- Formula One
Is There Bet Insurance on Moneylines?
Some operators offer signup bonuses known as “First Bet Insurance" to new users. This is where your first bet is covered up to a certain amount if it loses.
You’re able to use moneylines within this offer, as long as they meet minimum odds requirements.
This is usually at least -200, so you can’t be using this bonus on a -250 or -300 selection.