How to place a Moneyline bet in Ohio

Whatever events you want to bet on, moneyline betting is a must-have option for all sports bettors. In fact, it is the most common way to bet on sports. So, in this guide, we’ll go over everything you need to know to value and place moneyline bets at Ohio sportsbooks.

Moneyline bets Ohio 2022

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What is a moneyline bet in OH?

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A moneyline bet predicts who will win the game. The benefit is that it is straightforward. There’s no need to be concerned about points or backdoor coverings. Simply pick the winner, and if they win, you also win.

Furthermore, if you wish to bet on a side, some games truly only lend themselves to moneylines. Hockey, baseball, and soccer all belong to this group. Individual sports such as tennis, golf, and MMA are also ideal for moneyline wagers.

Concept of moneyline bets in Ohio

When you place a moneyline bet, you simply select the club or player you believe will win the specified matchup. Ohio sports betting sites set odds based on the estimated likelihood of a team winning its respective matchup. The odds will change in the days leading up to the competition based on pertinent news and how the public wagers.

So, how exactly do moneyline bets work? Nothing matters more than who wins the match when betting on the moneyline. The win margin and overall points scored are irrelevant. A moneyline bet pays out the same if your team wins by 2-1 or 50-0. It’s sports at its most basic; just root for the winner.

Workings of Ohio Moneyline bets

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Moneyline betting is applicable to almost every sports competition. In an NFL game, for instance, there is a point spread that is to level out the chances. A prime example is the Bengals -6 over the Pittsburgh Steelers, when each side has a value of -120. That implies that whatever side you wager on, you would have to risk $120 to win $100. 

Instead of a point spread, you risk varying sums of money based on which group you bet on with moneylines. In this case, the Bengals could be -150 and the Steelers could be +130. That implies you have to bet $150 on the Bengals to win $100, or risk $100 on the Steelers to win $130.

While betting the favorite

The moneyline favorites odds on 2-Way Moneylines are often negative. The odds for favorites always have a minus (-) symbol in front of them, indicating how much money you must risk for winning $100.

That implies you’ll always have to bet more amount than you think you’ll win if the favorite wins. If you see -140 on the Cleveland Guardians, for instance, that implies you must risk $140 in order to gain $100 if the Guardians emerge victorious. The bigger the favorite, the smaller the negative number. That implies a -230 favorite has a better chance of winning than a -140 favorite.

While betting the underdogs

Underdogs normally have positive odds, but they might sometimes have less negative odds in comparision to the favorites. Underdog odds always have a plus (+) symbol in front of them, indicating how much money you’ll win for every $100 staked.

So, if the contest is close to equal, you may see something like Bengals -125, Browns -115. That simply implies that the Bengals are modest favorites, but because bookies retain “juice,” both teams have negative odds. However, outside of that small set of circumstances, though, underdogs have positive odds. A positive odds underdog is the Reds +160 vs. the Brewers. If the Reds win, a $100 bet will return $160.

The process to bet on the Moneyline in Ohio

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Moneyline odds are available alongside point spreads and totals in the leading Ohio mobile betting apps. Simply go to the game in question and you’ll find moneyline options. Then, simply choose a side, determine how much funds you are willing to stake, and fill out the btting slip.

2-way moneyline bets in ohio

It is a type of moneyline in which the only two options are the game’s sides. There are no options for a tie or overtime bet. The Bengals -130, Reds +110 moneyline bet has the Bengals as the moneyline favorites.

3 way moneyline bets in ohio

This is a type of Moneyline that adds another bet choice to the list, typically a wager on a tie or draw. A 60-minute choice on an NHL moneyline allows you to wager on either team or on a tie at the ending of regulation. Soccer games always have three-way moneylines, and draws are typical. In soccer games that go to additional time after 90 minutes, you’ll even notice 3-Way 90-minute moneylines.

Beginners moneyline

All bets have a risk associated with them. Moneylines are no secure or riskier than any other type of bet. You also can lose your gambling stake. Learners should control their risk by betting small amounts at first. And, especially with moneylines, don’t be tricked into overestimating the regularity with which favorites win. At -150, the favorite is anticipated to win 23% of the time. That’s far from a safe bet, and the loss cost you double as much as the victories.

Operators to use for moneyline bets in Ohio

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Caesars sportsbook

This sportsbook is a fresh and revamped sports gambling forum following the business’s 2021 purchase of William Hill. Caesars’ existing online sportsbook is growing its presence as a result of the transition. Its betting options include numerous minor and major sports. Using Caesars Sportsbook Ohio you can place Moneyline bets, futures, player and team props, parlays, teasers, and round robins. Caesars’ futures bets speak out for their competitor’s odds.

Fubo sportsbook

The sportsbook includes a complete online betting forum that also offers FuboTV live streaming. As per the businesses behind the project, it aims to transform the way individuals watch and wager on sporting activities. Fubo Sportsbook Ohio made its debut in November 2021. Moneyline, totals (over/under), in-game betting, point spreads, teasers, and parlays are all available at Fubo Sportsbook. The live betting schedule at online sportsbooks offers numerous NFL, NBA, MLB, and NHL events.

BetMGM

The BetMGM Ohio sportsbook is MGM Resorts’ unique sports betting partner country wide, both digitally and in MGM’s brick-mortar casinos. With real-time betting odds, advanced offers, and a plethora of different wagering formats ranging from moneyline and point spread bets to parlays and futures, the BetMGM sportsbook app opens you up to the sports you love. Not to forget the live, in-game betting choices and player props!

FanDuel

This sportsbook is one of the latest online sportsbooks, but it has quickly established itself as a leading sports betting destination. FanDuel Ohio Sportsbook provides a broad array of betting markets, competitive odds, and an easy-to-use platform for placing bets. Also, FanDuel Sportsbook offers numeorus ways to win, if you like to bet spreads, moneylines, teasers, props, parlays, or any other betting choices.

BetFred

The Sportsbook is a bookmaker with its base in the United Kingdom that has gradually expanded its services. Betfred was founded by a man named Fred and has risen to become one of the world’s most popular and respectable sportsbooks. Also, Betfred Ohio provides a wide range of available bet types, such as moneylines, parlays, teasers, futures, and so on.

Moneyline Betting Results in Ohio

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With moneyline bets, there are only three possible outcomes. It’s either winning, losing, or tie (draw) in the bet. There are no draws if the game is a Two-Way.

Win

Assume you wager $100 on the Ohio State Bengals to win over Crimson at +140 odds. If the Bengals win, you’ll receive $140. Alternatively, if you backed the Crimsons at -160 against Ohio, you would earn $100 but would have had to lose $160.

Lose 

If the Bengals lose to Crimson as predicted above, you will lose $100. And if Ohio wins, your $160 bet on the favored Crimson is lost.

Draw

In the world of sports betting, a draw is known as a “push.” It normally appears in point spread and total bets, but it can also appear on a moneyline wager if the match is a two-way moneyline and finishes in a tie. Assume you bet on a Cleveland game with a two-way moneyline and they tie. If this is the case, the wager is cancelled and you receive your capital back.

Most common moneyline betting mistakes

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Even while moneyline betting appears to be basic and uncomplicated, there are several typical mistakes that sports gamblers make.

Here are some common mistakes

  • To begin, be wary of laying too much money on a strong favorite. While it may appear evident that a team is going to win a particular game, the odds take this into account. 
  • If you wager on a team as a -250 favorite, you should understand that in order to be a winning bettor laying that much money, you must win three out of every 4 bets. So, if you lose one wager at such odds, you’d have to win three consecutively to make a profit.
  • Moneyline parlays are another common blunder made by sports gamblers. Parlays may appear to give inflated payments. 
  • Choosing just one winner, on the other hand, is difficult. A parlay requires you to pick many winners, each of which must be right. 
  • If you make a 5 parlay and 4 of your teams win while only one loses, your parlay is a loss. However, if you had made all 5 of those bets individually, you would have most likely made a tidy profit.

Assessing Moneyline Odds Payouts

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An simple formula can be used to determine the implied odds of a moneyline bet at your online sportsbook, if the odds are positive or negative.

Positive odds

The positive odds indicate that you will win more than you’ll ever lose. For instance, if the Buckeyes are +160 against the Tampa Bay, a $100 bet would win $160, for a sum of $260 if the Buckeyes win. Use the below formula for determining the implied odds:

100/(100 + Positive Odds)

As a result of the previous example, the implied odds on the Buckeyes are 100/(100+160). It’s a good bet to position if you think the Buckeyes have a more than 40% chance of winning.

Negative odds

The negative odds, on the other hand, require you to risk more than you stand to win. Assume the Reds are valued at -175, which means a $100 bet would win $57, for a total of $157 if the Reds win. The implied odds formulae is as follow; 

Negative Odds/(Neg. Odds – 100)

The Chief has implied odds are thus -160/(-160 – 100), or 61.9%. To bet with a positive expected profit on the Chief, they must have a better than 61.9% chance of winning.

Even odds

The even odds are exactly what they sound like. You win $100 if you bet $100. On American-style wagering lines, it is denoted as +100. To bet on an even moneyline, you must believe your group has a better than 50% chance of winning.

More betting types in Ohio:

FAQ Moneyline betting in Ohio

Which sports can you bet the moneylines

There are various sports on which one can place moneyline bets. These include
Football
Basketball
Baseball
Hockey
Soccer

What is the best way to win a moneyline bet?

Playing the Money Line is the same as selecting a team to win the game outright (favorite or underdog). You win your bet if the group you pick won the match outright. If your team loses, you lose your bet.

Which sports can you bet the moneylines

There are various sports on which one can place moneyline bets. These include
Football
Basketball
Baseball
Hockey
Soccer

What happens if you wager/bet $100 on +120 Moneyline

If you bet $100 at +120, you win $120 if your team wins the match.

What is a moneyline payout?

A moneyline bet is a wager on -160 or +190. If you bet $100 on the Browns to win at -160, you’d get $176.70 back. Since the Crimsons are an underdog, the payout will be $290 if you bet on them to win at +190.

Expert gambling writer

Wes Janson

Expert Writer

Wes is here! A beautiful mind centered around the status and odds for the Ohio sports teams! Football, Baseball and Basketball are my favorite top three. Since Ohio is moving towards the legal sports betting market, I am here to offer the best options available for Ohio sportsbooks!