What Does 100 Mean In Betting
Before we had the options of wagering on future bets, parlays, teasers, alternative lines, Asian lines, prop bets and each-way, there was one betting option that reigned supreme. It was the money line bet. From a non-gambling perspective, winning a game in any sports will make a team happy. However, depending on the score, that win may not please bettors. That’s because the point spread betting option has taken over as the popular option, leaving the money line far behind. If you are the kind of person who bets on your favorite team each and every game, this is the bet for you. There is nothing worse than watching your team win the game, but lose you money by not covering the point spread.
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What Does Money line Mean?
The money line bet is the simplest form of betting in the industry. A “money line” bet is a way of betting on which team is going to win the game outright, or which individual will win an event. With a money line bet, the margin of victory or the total number of points a team scores do not matter. If you like the Patriots to win outright versus the Browns, a 3-0 win would win you just as much money as a 77-0 win.
Unfortunately, the profit from winning a money line bet could be drastically different depending on if you bet on the favorite or underdog.
Money Line Odds
The term “form” usually pops up around the topic of betting but what does it actually refer to? Find an explanation of form in terms of betting here.
The money line bet always relates to bets of $100. A favorite will be represented by a negative money line figure such as -180. This means that in order to profit $100 off your winning bet, you would need to risk $180 dollars. But as I’m sure you already know, you can risk any amount you are comfortable with and the payment (should you win) will be in proportion to the odds. For example, a $50 bet on a -180 line would win you $27 dollars.
When betting an underdog on the money line, you will notice that they have a positive price attached to them. For example, if the underdog you like was +195, a $100 bet would profit you $195 dollars for every hundred put down.
The money line odds will always be different aside from the plus or minus – those are the only constant. The favorites will always have a negative value, which is how the sportsbooks make their money.
What Sports Can I Bet the Money Line On?
You can bet the money line option in every single sport that is offered up. It is the simplest form of betting and it is also the primary way to bet sports in which a point spread isn’t available (think hockey or baseball). Money line wagers are also available in football and basketball, but the point spread wager is much more popular. It is also used in tennis, golf, boxing, MMA, cricket, table tennis, and any other sport you can think of that has a winner at the end of the game.
Are Money Lines the Best Betting Option?
Money line bets are particularly attractive to square bettors when they are looking at underdogs. They see a nice high positive number and think that the payoff is significant enough to be worth the risk. Unfortunately, underdogs are underdogs for a reason, and it’s usually because they aren’t very good. However, when the right opportunity presents itself, a money line bet on an underdog can grow your bankroll quicker than betting favorites would.
Money Line Calculator
Now days, most online betting sites have the money line calculator built right into the betting window. It’ll tell you how much you stand to win on any bet amount you can think of. If you find yourself in a Las Vegas sportsbook and have to quickly do the math, here is how to do it.
Example 1: Underdogs
Potential Profit = Stake x (odds/100).
$50 Stake on +120 odds.
$50 x (120/100) =
$50 x 1.20 = 60
Potential Profit = $60.
Total potential profit + Stake =
$60 + 50
=$110.
Example 2: Favorites
Potential Profit = Stake / (odds/100)
$50 Stake on -200 odds.
$50 / (200/100) =
$50 /2 = 25
Potential Profit = $25.
Total potential profit + Stake =
$25 + 50
=$75.
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You may have heard about what is called the draw no bet function (DNB) when you play on any sports betting platform; but do you know what this option means? Continue reading to find out!
Meaning of Draw no Bet
‘Draw no bet’ option means that you can bet your chances for or against a home team. If you win the bet - you get money, if you lose – you lose money, and if the match ends in a draw – you will get the sum of money you bet back. It is very simple. The ‘Draw no Bet’ option in football works where the odds come from 1x2 markets.
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‘Draw no Bet’ is one of the most popular things in the world of sports betting, and it keeps getting more popular because of how much risk it absorbs. If you want to surely win money and still have the option of not to losing money, then you need to use the ‘Draw no bet’ option in football. On average, one out of every four football match ends in a draw. This means you almost always have a chance to get your money back from the bet.
What is the main advantage of the ‘draw no bet’ function? The probability of losing is pretty low! You can use this bet if you need to:
- Secure your bet and get money back if there is a draw.
- Protect your money if you believe that there is a high possibility for a draw.
- Bet big sums of money since it gives you better chances of winning.
'Draw no bet' in sport betting
‘Draw no bet’ removes the chances of you losing your money when a match ends in draw. Therefore, all you have to do is bet on the winning chances of one of the teams in the game. If you select your team successfully – you win money! If there is a draw, you will get your bet back. Nonetheless, if another team wins – you lose the money.
How draw no bet works?
‘Draw no bet’ is usually offered by many bookmakers’ websites. You can even create your own ‘draw no bet’ option using 1x2 odds. And how can you win the game? Let us use two teams, Liverpool and Hoffenheim, for example. The odds for the ‘draw no bet’ market are:
- Liverpool wins – 1.5
- Hoffenheim wins 4.0
What Does Plus 100 Mean In Betting
If you choose the ‘draw no bet’ option, then you will need to choose who wins the match. Let us take for instance that you placed N1000 on Liverpool, if this team wins – you get N500 extra. If it loses, you lose your bet. Nonetheless, if there is a draw in the match – you will get your N1000 back.
Conclusion
What Does 100 Mean In Betting
As demonstrated, the main idea of using the ‘draw no bet’ option is to reduce your chances of losing money. Nonetheless, do not forget that the ‘draw no bet’ option in football is needed for bookmaker companies too. Unfortunately, if you win your bet using this option, you will get less money than if you place your bet without it.
Why is this so? Well, if you are willing to risk less you will get less when you win the game - it is as simple as that. If you place your bet on only the winner of the match, you will get more money from the stake. However, you can also lose all your money if something goes wrong.
It is therefore up to you to decide whether to use the ‘draw no bet’ option or stick to simply betting on the winning team!
What Does Plus 100 Mean In Betting
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