Online sports betting Singapore platforms like Asia128 Grand offer you a wide variety of betting options, but for newbies, the moneyline stands are the simplest and best option to choose. And when you compare it with point spread betting or handicap betting, the moneyline makes more sense since you will only be choosing the outright winner of a single game. But despite its simplicity, you should never just dive right in without understanding how it works. Ready to be the winner of a football or basketball game? Head on to Asia128 Grand Online Sports Betting Singapore and explore thousands of opportunities where you can wager on moneyline markets.
What Is Moneyline In Online Sports Betting?
This is a type of market where you are staking on which team will be the outright winner of the featured game, it doesn’t matter what their score difference will be. So if you’re a complete newbie, you can easily join the thousands of punters placing moneyline bets at Asia128 Grand Sportsbook.
Moneyline odds are uniquely represented with a plus (+) or minus (-) sign to indicate which is favored and which is the underdog.
Negative Moneyline Odds – This is the odd set for the favorite team.
Positive Moneyline Odds – This is the odd set for the underdog team.
Understanding Moneyline Bets At Asia128 Grand Sportsbook
To determine your potential payout for the moneyline offered by an online football betting Singapore site, here’s how they are calculated
Profit for negative odds (-) = Wager Amount / ( Odds offered / 100)
So if you will be betting $150 for the favorite to win at -150 odds, you make a $100 ROI
Profit for positive odds (+) = (Wager Amount x Odds offered) / 100
So if you will be staking $100 for the underdog team to win at +175 odds, you stand to make a profit of $175.
Why Do Moneyline Odds Shift?
Sports betting odds, not just moneylines, don’t stay static, and they fluctuate after the bookmaker releases their odds on the market. After major sportsbook release their initial odds, smaller bookies follow and adjust their lines based on the early market odds. Usually, betting limits start tight to minimize the risk for the bookies.
Then as the time of the match goes near, other factors like injury reports, sudden change on weather condition, lineup changes, and public trends affects the odds. Then once the bookmakers gain confidence in their odds, they increase their betting limits. By game time, the closing line represents the most accurate reflection of the game’s true probabilities.
Asia128 Grand Moneyline Betting Tips
- Betting on the favorite is not always safe, and usually high odds offered on the favored team mean low payouts for you. So always make your research and analysis to determine which side gives you the best value.
- While you have to bet a bigger amount of money to win a smaller payout, sometimes the risk is worth the reward. So, before you finalize your bet, do look for value in the underdogs.
- Different online sports betting Singapore site offers different lines for the same match, it’s important that you shop around and wager for the odds that gives you more value.
- When betting on the moneyline at Asia128 Grand Sportsbook, you must always consider the current team form and injuries, especially if a star player will be absent from the game.
- More importantly, always prioritize how you will handle your bankroll, as it will greatly help you in the long run.
Wrap Up
Moneyline betting is a good starting point if you want to bet on your favorite sports online. Aside from it has simple rules, you can easily understand how the odds work on this market, calculate your potential payout, and spot value across different sportsbooks. Join Asia128 Grand Sportsbook now for thousands of moneyline betting opportunities.
FAQs:
What Sporting Events Best Suit For Moneyline Betting?
While moneyline bets are offered to all types of sporting events, low-scoring sports like football, baseball, and hockey are great for this market.
Is Overtime Included On Moneyline Bets?
Yes, moneyline bets at most online sports betting sites in Singapore include overtime unless the platform otherwise it is specified.
Can I Bet On A Draw in Football Moneyline Betting?
Yes, in football, sports betting sites offer a three-way moneyline.
