The moneyline is the most common, most popular, and probably the most straightforward way to bet on sports.
Indiana sportsbooks post moneylines for every major pro and college sport. All you have to do is pick winners and book bets at the currently-posted moneyline odds for the NFL, NBA, NCAA and more.
Indiana sportsbooks also post moneylines for other major sporting events, including UFC fights, the INDY 500, NASCAR races, PGA golf tournaments, and tennis tournaments.
Want to get more familiar with moneyline bets? Below is a complete guide to moneyline betting in Indiana, including:
Here’s a look at the current moneyline odds from the top Indiana online sportsbooks for major sports, including NFL betting, and betting on the NBA. Use the drop-down menu to change sports or look at point spreads and totals odds. Click on any odds to go right to the sportsbook, create a new account, and bet:
A moneyline bet is a bet on any team or individual to win a typical game, match, fight, etc., booked at currently posted odds.
Pick the winner straight up, and you’ll get paid at the odds posted when you booked the bet.
There are two types of moneyline odds: negative and positive.
Negative odds are posted for the favorite in a game and represent how much money you need to lay down to win $100. That means at -110 moneyline odds, you’d have to bet $110 to win $100, plus your bet back.
Positive odds are posted for the underdog in a game and represent how much you stand to win for every $100 you bet. That means at +160 moneyline odds, you’d stand to win $160, plus your bet back, for every $100 you bet.
Moneyline bets pay off at the odds posted when you placed your bet. That means moneyline bets pay out at either:
Either way, you lock in the odds the bet will pay at the time you place your bet. You get paid those odds on winning bets no matter how much the odds might change ahead of the game.
Proper bankroll management principles say to set a total bankroll amount you’re comfortable with, and never bet more than 1% of it on any one bet.
You can also set a unit amount of 1% and bet anywhere from one to five units on any moneyline wager, based on how confident you are in each bet.
For example, if your monthly betting allotment is $100, a unit for your bankroll is $1.
The difficulty with moneyline betting is that low payouts on favorites might not be worth the risk, and underdogs with attractive prices might not stand a real chance of winning.
The Milwaukee Bucks, for example, are so heavily favored in most regular season games that you have to bet big to get paid anything substantial on the moneyline. That’s a big risk and might mean taking a huge bath when they have an off night.
On the other side, you might see a really attractive price on an underdog like the Oklahoma City Thunder when they visit the Bucks. Just remember, even +1500 odds pay $0 when the expected happens and the underdog loses.
All this is why it’s always a good idea to stick to proper bankroll management principles when betting the moneyline.
The puck line in hockey and the run line in baseball are standard point spreads you can bet on for most NHL and MLB games. They are usually 1.5 goals or runs.
These bets are booked at varying moneyline odds, but are considered akin to point spread betting in other sports. The big difference is the puck and run lines rarely change, only the moneyline odds do.
That said, alternative puck and run lines can also be bet on at alternative moneyline odds.
Live betting, also referred to as in-game betting, allows you to bet in the middle of the action. The odds change alongside what’s happening in the game, which means they change pretty fast most of the time.
Indiana online and mobile sportsbooks will post full-game, quarter-, and half-live moneylines for most sports and adjust those lines throughout.
It’s up to you to lock in a bet quickly when you see moneyline odds you like, making Indiana mobile sportsbook apps really the only way to bet live moneylines.
Here are three common moneyline betting mistakes you should try to avoid: