The World of Online Sports Betting: A Breakdown of Moneyline BettingOctober / 27 / 2020
As the popularity of online sports betting continues to grow in Canada it’s important that players understand the fundamentals and the particular types of bets that can be placed. Among these are money line bets, which are known for their simplicity and are considered one of the more popular types of bets wagered on online sports betting sites. Money line bets can be wagered by visiting CanPlay Sports, Canada’s newest real money sports book, allowing you to bet on sports online and from your phone 24/7! Bet on hockey, basketball, football, baseball, soccer, tennis, golf, and much more.
How They Work:
Money line bets refer to the bet placed on the outcome of a particular game and are solely concerned with the winning or losing team. A positive price value next to a team or player indicates that they’re the favorite to win and a negative price value next to a team or player indicates that they’re the underdog. This signifies the amount set by the sportsbook that players would have to bet in order to make a return, which is typically $100. Although keep in mind that the value of the return can vary if the odds of a favorite team winning increases. In the event that the odds of the favorite winning are greater, then it is more profitable to bet on the underdog, although slightly riskier. At Canadacasinoblog.com they dive into the fundamentals of how to on sports for first-time players and include some tips from pros and handicappers. Look out for our unique content on money line betting, spread betting, teasers & pleasers, and lots more.
To make sense of this it might be useful to look at a particular example. If the Arizona Diamondbacks have a Moneyline of (+115) and the Philadelphia Phillies have a Moneyline of (-125) then the Diamondbacks are considered the favorites to win and the Phillies are considered the underdogs. This means that if you were to wager $115 on the Diamondbacks, then you’d win $100 in the event that they beat the Phillies. If you were to wager $115 on the Phillies then you’d win $100 in the event that they beat the Diamondbacks.
You can bet on your favorite team, sport, and upcoming matches at CanPlay Sports! If you already have a casino account and if you don’t have an account at CanPlay, you can sign up for free today. You can deposit and withdraw through most major online payment sources at CanPlay Sports including Interac, Visa, Mastercard, Instadebit, Neosurf, iDebit, EFT Banking and more. CanPlay Casino is licensed and regulated in Canada by the Kahnawake Gaming Commission. Players must reside in Canada and be over the age of 18 to bet on sports or in the casino on CanPlay Sports.