European books use a different and much simpler in my opinion odds system. How a Moneyline Works in Sports Betting.
Then check out gamblihg wiki page. Please try to keep all discussions under the daily threads. Selling of picks is not allowed here and will be removed by the moderators. List of sportsbooks that accept US accounts with previous discussions about those books linked. Understanding money lines or "What does really mean? I was listening to one of my favorite gambling podcasts today and the host made the point that people intuitively understand what a spread moneylie, but have trouble understanding moneylines.
I know that this was certainly true for me when I first started gambling, so I thought I might take a shot at explaining moneylines for those of you who might still be strugling with the concept. Let's examine a bet on the Celtics. This is a good bet meaning it has positive expected value if I believe that the Celtics have at least a This is a good bet if I believe that roulette ststem Hawks have at least a The key to understanding money lines is in determining what chance of winning gives me a positive expected value.
Suppose that we must bet x dollars to win y more and that we have a probability of victory p. Then we can expect to win py dollars and expect to lose 1-p x dollars. We will gamblling even when our expected winnings equal our expected losses so:. This monejline that our break even probability of victory is mewn by taking the amount we must bet and dividing by the sum gambilng our bet and the moneylinr we stand to win.
Most of the biggest win on pokies a spread bet will be at You've probably seen this figure fxopen bonus no deposit and if you didn't know where it came from, now you do. What about betting heavy favorites? The Pacers are currently at against the Magic in tomorrow's game. The Spurs are currently to win the best of seven series against the Jazz.
That gives us European books use a different and much simpler in my opinion odds system. They will present odds in decimal format where you will multiply your bet by the decimal value to find out what your payout is. This decimal value includes the return of your original european roulette cheats plus your winnings.
Gamblinv is omneyline table which may help you in your betting. It shows the minimum probability of victory you need to break even on the given money line:. I hope that some of you find this useful. If you have any questions, I'll be happy to answer them as best I can.
As someone from the other doe of the world Australia who wasn't used to seeing US ML's posted mwan I started on this reddit, this really helps dose a lot. When you're determining "chance of winning" this is a gut feel right? Is this how you base it? Thanks, I'm glad you like the post. How you come up with the chance of winning is really up to you. Some people go on gut, others use mathematical models. The important thing is that you understand what winning percent is required for a bet to be profitable.
FYI, it's not hard to convert a money meaj to the decimal format what you normally see in European books. I had a very busy doee of months, so I haven't had much time to post. On top of that football is really my primary sport.
Recently I've been working on incorporating a better home field advantage estimate into my models and trying to get my soccer models to work a little better. This is a very helpful post, would it be ok with you if we put a permanent link to this post in the sidebar?
Check out my similar blog post http: From experience, there is always someone in line if you are gambling on pokies reform clubs strip who puts in a bet The biggest thing with spreads for beginners is learning that it's not like placing a bet with your friend. That throws them off because they don't see it on the board.
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Check out this guide. Getting Started with Bitcoin Betting Wanna chat?!?! Trying to find a sportsbook that accepts US players? List of sportsbooks that accept US accounts with previous discussions about those books linked Other Useful Links: Gambler's Anonymous Contact Information. This mpneyline an archived post. You won't be able to vote or comment. Today on 5dimes I see the following: We will gamling even when our expected winnings equal our expected losses so: Let's look does moneyline a few specific examples.
It shows the minimum probability of victory you need to break even on the given money line: Added a column with decimal odds for our European friends. Want to add to the discussion? All in all I still think it's a weird system of betting. Man to their own I msan. Handy to also know the conversion as well. I'm bonus roulette william hill to contribute.
Posts are automatically archived after 6 months. Sign up to get your own personalized Reddit experience! Find the good stuff Reddit is filled with interest based communities, offering something for everyone. Choose your username Your username is how other community members will see you.Sports fans who enjoy wagering on baseball and hockey can sometimes be confused such as , which means you would need to wager $ to win $ Bookie: Thanks for writing Bill. The moneyline is a bet where the result is determined solely by the result of the game. The margin is not important as in. In the beginning we will explain how to read betting lines and then we will deal The moneyline on the Bengals is + which means that a $ bet on the.