Moneyline Betting Explained

Bet on the home win, draw or away win with the best moneyline sportsbooks in New Jersey. Find top odds on the hot favorite or get value on the biggest underdogs in the Friday night games. We’ll show you how to place moneyline bets and take advantage of the best sports betting deals.

What is Moneyline Betting?

Moneyline bet is the easiest way to gamble at an NJ online sportsbook. Simply, a money line bet is a wager on the winner of the game. For some markets, such as soccer, you can also bet on the draw. 

The sportsbook uses oddsmakers to decide their prices. Odds are published online days ahead of the game. Prices may change according to various factors such as player injuries and form. However, they may also alter simply due to the weight of money being bet on the game. 

Popular Moneyline Sports

• Soccer
• Football
• Hockey
• Baseball
• Basketball
• Golf
• Tennis

How to Bet on the Money line

To place moneyline bets, you’ll need an NJ sportsbook account. You can sign up with one of our top-rated betting apps as long as you are over 21 and are located in New Jersey when you place your bets. You can also download a mobile app and place real-money bets that way. 

Placing a Moneyline Bet

First, open the mobile/online sportsbook lobby and choose a sport you want to bet on. You can view a diary of upcoming games or simply choose all moneyline wagers across all sports for that day. 

A moneyline bet displays a set of odds for each team. One team is assigned the favorite and the other the underdog. 

For example, Milwaukee Brewers are playing Pittsburgh Pirates in the night’s MLB game. The moneyline odds are listed as:

Milwaukee Brewers -165
Pittsburgh Pirates +150

Milwaukee are listed as favorites with home advantage. Their odds are -165, which means you would have to bet $165 in order to win $100. Pittsburgh’s odds are higher. You can win $150 by betting $100 on them to win the game. 

Moneyline In-Play Betting

Most money line bets are placed pre-game. That is, you place your bet before the start of the game. Once the game begins, the moneyline market will be frozen. 

However, you can also bet the moneyline on certain games while they happen. With in-play betting, you can bet on the winner of the game with maybe a quarter or half of the game still to play. 

In-play moneyline bets are a great way to place wagers after you’ve acquired some information. You may be following the game live on TV or via the sportsbook’s match tracker. In-play odds will change in real time depending on the course of the game. 

Cash Out

Top NJ sportsbooks also allow you to cash out moneyline bets. The Cash Out function lets you settle wagers before the game finishes. It’s a good way to secure a profit before the game ends. 

Imagine you bet the moneyline on San Diego Padres 30 minutes before their MLB game at Cincinnati Reds starts. You bet $100 on odds of +100 for a potential payout of $100. However, with 10 minutes remaining they’re only slightly ahead and the Reds look like making a comeback. The sportsbook lets you cash out the bet for a $60. It’s a good way of securing a guaranteed profit of $50 without worrying about what will happen in the last stretch. 

Top NJ Moneyline Sportsbooks Offers