How Are Moneyline Sports Bets Settled if a Draw?
How Are Moneyline Sports Bets Settled if a Draw? – It depends on the sport and the betting site, but usually, moneyline bets are refunded if the game ends in a draw.
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Moneyline Sports Bets
Moneyline bets are the most common type of sports bet. A moneyline bet is a bet on which team will win the game. If you bet on the favorite, you will win less money than you bet. If you bet on the underdog, you will win more money than you bet.
What is a moneyline bet?
A moneyline bet is a wager on which team or individual will win a contest. It doesn’t matter by how many points, runs, goals, or whatever – only that the team you wagered on is victorious.
In most cases, moneyline bet odds will look something like this:
Team A +120
Team B -130
In the above example, Team A is the underdog and their odds are +120. That means for every $100 you bet on them, you will profit $120 if they win (return of $220). Team B is the favorite and their odds are -130. That means for every $130 you bet on them, you will profit $100 if they win (return of $230).
How are moneyline sports bets settled if there is a draw?
There is no such thing as a draw in moneyline sports betting, so if the game ends in a tie, your bet will simply be void and your stake will be returned to you. This is why it’s important to pay attention to the odds when placing a moneyline bet, as a weak favourite with low odds may not be worth the risk if there is a good chance of the game ending in a draw.
Moneyline Betting on Soccer
Soccer matches often have the possibility of ending in a draw, which can be frustrating if you’ve bet on a team to win. So, how are moneyline bets settled if the match ends in a draw? Let’s take a look.
What happens if there is a draw in a soccer match when you have bet on the moneyline?
The most common type of bet for soccer matches is the moneyline, where you simply pick which team you think will win.
If the match ends in a draw, then all moneyline bets will be voided and the stakes returned to the bettors. This is different from other sports where a draw may result in half of the bet being returned, or even all of the bet being returned if it was placed on a draw.
How do bookmakers settle moneyline bets on soccer matches that end in a draw?
While moneyline wagers are most commonly associated with betting on the winner of a game, in reality they can be used to bet on the result of any event within that game.
This includes bets on which team will score first, how many total points will be scored, and even which player will get the next yellow card. In soccer, one of the most popular moneyline bets is betting on the final result of a match.
However, this can create a problem for bookmakers when the match ends in a draw. So how do bookmakers settle moneyline bets on soccer matches that end in a draw?
The answer depends on the bookmaker and the specific bet that was made. For example, some bookmakers may void all moneyline bets on soccer matches that end in a draw. This means that if you bet on either team to win, your bet will simply be refunded.
Other bookmakers may choose to settle moneyline bets on soccer matches that end in a draw by paying out at reduced odds. For example, if you bet on Team A to win at odds of 2.00 and the match ends in a draw, you may only be paid out at odds of 1.50.
Bookmakers may also have different rules for different types of moneyline bets. For example, they may void all bets on which team will score first but settle bets on the final result at reduced odds.
As always, it’s important to check the specific rules and regulations of your bookmaker before placing any bet.
Moneyline Betting on Other Sports
While Moneyline bets in sports like hockey and baseball are alwayssettled by odds, if the game ends in a tie, bettors will have the fullamount of their bet returned to them. For example, let’s say you bet$100 on the Pittsburgh Penguins at -150 odds to beat the NashvillePredators.
What other sports can you bet on using the moneyline?
While the moneyline bet is most commonly associated with baseball and basketball betting, it can also be used when betting on other sports.
In football and soccer, a moneyline bet is usually offered on the outcome of a game, with the odds set based on the relative strengths of the two teams. For example, in a game between the New England Patriots and the Miami Dolphins, the Patriots might be favored to win by 7 points. This means that for every $100 you bet on the Patriots, you would stand to win $700 if they win the game (and lose your original $100 stake if they lose). On the other hand, if you bet $100 on the Dolphins +7, you would win your original stake if they either lose by 6 points or less or win outright, and lose your bet if they lose by more than 7 points.
Other sports where moneyline bets are popular include golf ( betting on who will finish first in a tournament), boxing and mixed martial arts ( MMA) ( betting on who will win a particular fight), and auto racing ( betting on who will finish first in a race).
How are moneyline bets settled if there is a draw in other sports?
If there is a draw in the game, moneyline bets will be voided and the stake will be returned to the bettor. This is different from other types of betting, where the bet may still be settled even if there is a draw.
Conclusion
Key takeaways
-If the Moneyline for a match is +120, the better will win $120 for every $100 bet.
-If the Moneyline for a match is -130, the better will have to bet $130 to win $100.
-A Moneyline bet on a favorite of -300 means that the better must bet $300 to win $100.
-The odds express how much money youWinning or losing a moneyline bet on SPORTS depends on which team wins the game outright.
