How to place moneyline bets in Ohio

Moneyline Bets in Ohio

Moneyline bets in Ohio are a prediction of the outcome of the game. With this bet type, there is no need for bettors to stress over points or backdoor coverings.

You pick the winner, and if they triumph, the bet also wins. Moneyline wagering is a standard move for all sports bettors, no matter the sport.

In this guide, we’ll review everything players need to know to place a Moneyline wager at Ohio sportsbooks.

Top Moneyline sportsbooks in Ohio 2022

Ohio online sports betting is now open for pre-registration. The promo will be available at launch day, Jan 1, 2023

CompanyBonusConsVisit
Early sign up: $100 in free bets on launch day Bet now FanDuel Ohio review

What Sports are available for Moneyline bets in Ohio?

In the NFL, college football, and college basketball, point spreads are king. However, they are rarely used in low-scoring and most individual sports. Nevertheless, they all have Moneyline odds.

Basketball Moneylines πŸ€

NBA wagerers frequently favor point spread wagers as well. However, let’s imagine that despite being significant favorites, players believe the Cleveland Cavaliers won’t cover the large spread. The Moneyline odds are ideal in this situation.

NFL Moneyline bets 🏈

These bets are always available, however, some people may prefer football Moneyline spreads. On legitimate sportsbooks, the lines are located in the exact location as the point spreads.

Additionally, using one of the numerous available free online sports betting calculators, players may quickly convert NFL point spreads to their implied probabilities for Moneylines. One chooses the winning squad, precisely as in college football.

Baseball Moneylines ⚾️

In MLB, Moneyline wagers are the most common type of wager. They are typically dependent on the starting pitchers and nullified if the pitchers are switched before the game begins.

For instance, one can see Marcus Stroman vs. Triston McKenzie, Chicago Cubs +120, and Cleveland Guardians -140. A wager on the Guardians at -140, but neither pitcher starts, bettors’ wager is void.

Baseball Moneyline wagers after five innings are also common. These bets offer a three-way Moneyline where players can bet on a tie after five innings. However, the wagers may still be dependent on the beginning pitchers.

Soccer Moneylines ⚽️

Three-Way Moneylines are the most popular bets in MLS. These are comparable to NHL, except there is no overtime until the playoffs, and games can result in draws. Although the DC is favored in this wager, every wager carries plus money.

Bettors might see something like DC United +140, Los Angeles FC +195, and Draw +240, for instance.

Hockey Moneylines πŸ’

NHL Moneylines see a lot of action, much as in baseball. One can gamble on a tie in regulation using two-way and three-way Moneylines.

A standard Two Way line is Cleveland Barons -175 versus Columbus Owls +145. It can be Barons +100, Owls +200, and Tie in Regulation +340 in a Three-Way Moneyline.

The best sportsbooks for Moneyline betting in Ohio

It can be tough to know where to start placing Moneyline bets once you understand them. We’ve listed some of the most trusted sportsbooks in Ohio below as great places to begin your Moneylines betting journey.

Ceasers Sportsbook Moneyline bets

Players must first register for a new account at Caesars Sportsbook before they can place a Moneyline bet or any other kind of wager. Caesars Sportsbook allows individuals in Ohio to open an account with or without a promotional code.

Start the registration process for new users right away. Players will be required to input a promo code during this process. Users will then activate their welcome bonus when they do this. The Play Now button on this page allows players to skip inputting a bonus code.

FanDuel Ohio Moneyline bets

Utilizing the FanDuel Sportsbook app allows players to concentrate on the wager, which matters. FanDuel streamlines and simplifies the Moneyline betting procedure. Additionally, players receive several bonuses when using FanDuel. Players can use most of these bonuses for making Moneyline bets.

Live bets, promotions, odds boosts, and the logos of the most significant domestic and international sports leagues are all shown at the app’s top. Bettors can choose to participate in in-app promotions right below that bar.

BetMGM Moneyline bets

BetMGM Sportsbook calculates each customer’s betting rewards automatically. However, knowing payment formulas might help players choose betting odds and manage their cash.

For example, if the New York Yankees are a -150 Moneyline favorite, players would need to gamble $150 to win $100 (for a total payout of $250, including their investment). Alternatively, if the Boston Red Sox are a +130 Moneyline underdog, one must invest $100 to win $130 (their total return, including the initial wager, would be $230).

Players may view the potential rewards by including Moneyline wagers in a Bet Slip before making a wager. Additionally, one can discover how to figure out parlay payouts and odds.

BetFred Moneyline bets

It’s simple to join Betfred and place Moneyline bets. All one has to do is click on one of the Get Bonus links to be sent to the Betfred website’s sign-up page by following the onscreen instructions.

Players can submit their account information for quick verification if they are already members of one of their partner casinos. However, one must go through the standard registration process if they are a brand-new user.

Fubo Sportsbook Moneyline bets

The Fubo Sportsbook app offers the Moneyline betting option to all users. More features and improved stability will be added to the app in the future as Fubo Sportsbook continues to develop it.

However, to get the most incredible experience, gamers should use FuboTV to match the live markets with the game they are watching. Live streaming of all major leagues is available thanks to the seamless integration with compatible intelligent TVs.

What are the rules for Ohio Moneyline bets?

Almost all sporting events are eligible for Moneyline wagering. For instance, a point spread is used in NFL games to balance the odds of the contest.

A good illustration is Cleveland Browns -7 over Philadelphia Eagles when each side is valued at -110. This means that no matter which side players bet on, they would have to risk $110 to gain $100.

Instead of using a point spread, Moneylines lets bettors place bets on either team and risk varying sums of money. In this scenario, it might be -190 on the Browns and +160 on the Eagles.

This indicates that to win $100 betting on the Browns or $160 betting on the Eagles; respectively, they must risk $190.

The favorite πŸ…

In 2-Way Moneylines, the odds against the favorite are always against them. When the choice wins, players will always have to put more money at risk than they stand to gain.

If the Cleveland Browns are listed at -150, for instance, it means that one must wager $150 to win $100 if they win the match. The bigger the favorite, the smaller the negative number. In other words, a -250 favorite has a higher chance of winning than a -150 favorite.

The underdog 🐢

Although underdogs rarely have odds less favorable than the favorite, they frequently have good odds. For instance, if the odds are close to even, players might see Eagles -115, Browns -105.

Even though the Eagles are a slight favorite, both teams have unfavorable odds because of the bookies’ juice.

Outside of that specific type of situation, though, underdogs have favorable odds. An excellent example of an underdog with favorable odds is Arizona Cardinals +180 versus the Cleveland Browns.

If the Cardinals win, a 100 dollars wager will return 180 dollars.

Moneyline for beginners

There is a risk associated with every wager. Players might always lose the money they bet. Thus, there is no difference in risk between Moneylines and other types of wagers. Beginners should start with small bets to reduce their risk.

It is vital not to overestimate the likelihood that favorites win, especially when using Moneylines.

At -200, for instance, the favorite is predicted to win 2/3 of the time. That’s far from a guarantee, and losing costs players twice as much as winning.

Ohio Moneyline betting results

Moneyline wagers have a maximum of three possible outcomes. It’s either win, lose, or draw. There are also no draws if it’s a two-way game.

A win πŸ†

Players can place a 100 dollars wager on the Ohio State Buckeyes to defeat Alabama with odds of +150. One will receive 150 dollars when the Buckeyes triumph.

In contrast, players would risk $180 if they backed the Buckeyes at +180 against Michigan to win 100 dollars.

A draw or draw-No-Bet 🚫

Draw no bet is a scenario when a draw is not available as an option on a Moneyline wager, even though it has a chance of happening. This typically occurs when a Moneyline bet only provides the opportunity for either team to win in soccer/European football games.

With this form of betting, if there is a draw, bettors will receive their entire stake back as if their wager had resulted in a push. However, if a Moneyline bet includes a draw option, the only way bettors may win their stake is if they choose a draw. Otherwise, gamblers will forfeit that stake.

A loss 🫀

When the side fails to connect, players lose. In the above scenario, one would lose 100 dollars when the Browns lose against the Eagles. A 180-dollar bet on the favored Buckeyes would be lost if Michigan had won.

Payout calculations for Moneyline odds

A simple method can determine the implied odds of a Moneyline wager at an online sportsbook. The process determines whether they are positive or negative odds.

Positive chances βž•

The odds are in players’ favor when they win more often than they lose. For instance, if the Eagles defeat the Rams, a $100 wager would profit $150, for a total of $250. Players can use this formula to determine the implied odds:

  • (100 + Positive Odds)/(100)

The implied odds for the Eagles in the case mentioned above are, therefore, 100/(100+150), or 40%. It’s a wise bet if players think the Eagles have a chance of winning at least 40%.

Negative Chances βž–

Naturally, when the chances are against players, they have to take more considerable risk to win. For example, if the Rams win and are priced at -175, a 100-dollar wager would win 57.14 dollars and net 157.14 dollars overall. Following is a calculation of the implied odds.

  • Unfavorable Odds (Neg. Odds – 100)

Because of this, the implied odds for the Cowboys are -170/(-170 – 100), or 62.9%. Players would need the Cowboys to have a larger than 62.9% chance of winning to place a wager with positive anticipated value on them.

Equal odds 🟰

The odds are as even as they seem. Individuals win 200 dollars if they wager 200 dollars. On betting lines designed for Americans, it is written as +100.

If one wants to wager on an even Moneyline, they should think their side has a better than 50% probability of winning.

How to place a Moneyline bet

Moneyline odds are available at the leading Ohio mobile betting apps with point spreads and totals. Players must click on the game in question to access the Moneyline markets.

Then one chooses a team, determines how much money they are willing to stake, completes the bet slip, and is ready to go.

A 2-Way Moneyline: What is it?

This is a Moneyline in which the game’s two sides are the only two options. There are no betting options on ties or extra time. In a two-way Moneyline wager, the Lakers are the Moneyline favorites (Lakers -140, Celtics +120).

A 3-Way Moneyline: What is it?

An additional option, typically a wager on a tie or draw, to the bet menu by a 3-Way Moneyline. A 60-minute option on an NHL Moneyline frequently allows players to wager on either team or a tie after regulation.

Three-way Moneylines are always available for soccer games, and draws are usual. In soccer games that go into overtime after 90 minutes, one may even see 3-Way 90-minute Moneylines.

Moneyline Bet FAQs

What are the rules for Ohio Moneyline bets?

Bets with Moneyline odds are straightforward bets on the game’s outcome. Each side has associated odds, but there are no point spreads.

Can players place Moneyline bets in parlays?

Players can include multiple Moneyline sides in a parlay wager. However, they need to remember that picking a few or several huge favorites won’t result in the same payoff as choosing teams that are more likely to finish even (-110) or underdogs.

What distinguishes a Moneyline from a spread?

If players bet on the favorite or the underdog, their side must win by at least the point spread to cash or stay within the point spread. A Moneyline wager is a straight wager on who will win the match; the margin of victory is irrelevant.

Are Moneylines bets wise wagers?

Moneylines are excellent wagers, but the choice is based on the player’s financial resources. Large bets on clear favorites are not a long-term winning strategy because favorites consistently lose.

What distinguishes a run line from a Moneyline?

In MLB, a run line is a line with a 1.5-run spread. When players back the favorite, their team has to triumph by at least two runs. If one wagers on the underdog, they make money whether they win or lose by one run. A Moneyline wager is simply a straight wager on the victor; the margin of victory is irrelevant.

WRITTEN BY
Lisa Howard OH Gamblers writer

Lisa Howard

Sports writer

Started my interest in sports at a young age by attending the Cincinnati Bengal’s home games. Now an accomplished writer for OH Gamblers.