Betting on sports is most commonly, popularly, and likely most straightforwardly done through the moneyline.

Moneylines for every major professional and collegiate sport are posted by Indiana sportsbooks. You simply need to select winners and place bets at the current moneyline odds for sports leagues such as the NFL, NBA, NCAA and others.

In addition to other major sporting events like UFC fights, the Indy 500, NASCAR, PGA tournaments and tennis tournaments, Indiana sportsbooks also offer moneylines.

Looking to understand moneyline bets better? Here is a comprehensive guide to moneyline betting in Indiana, which includes:

• Live moneyline odds for the NFL, NBA, and other sports leagues.
• How to read moneylines
• How the moneyline varies for different sports
• Reasons to prefer the moneyline over other types of bets
• How to steer clear of major moneyline betting blunders

Online Sportsbooks in Indiana: Live Moneyline Odds

Here’s a glance at the present moneyline odds from the top online sportsbooks in Indiana for major sports betting, including NFL and NBA. To switch sports or view point spreads and totals odds, use the drop-down menu. By clicking on any odds, you can directly go to the sportsbook, set up a new account, and place your bet:

What does a Moneyline Bet mean?

A moneyline bet is a wager placed on any team or individual to win a standard game, match, fight, etc., at the odds currently advertised.

Select the winner without any conditions, and you’ll receive payment based on the odds that were listed when you placed the bet.

What does “+160” or “-110” mean in moneyline betting?

Moneyline odds come in two types: negative and positive.

The favorite in a game is indicated by negative odds, which represent the amount of money you need to wager in order to win $100. Therefore, if the moneyline odds are -110, it means you would need to place a bet of $110 to win $100, in addition to getting your original bet back.

Positive odds denote the potential win for the underdog in a game. They indicate the amount you could win for every $100 wagered. For instance, if the moneyline odds are at +160, you could win $160, in addition to getting your initial bet back, for every $100 you stake.

How much does a moneyline bet pay off?

This means that the payout for moneyline bets is based on the odds that were set when you placed your bet. Therefore, the payout for moneyline bets can be either:

• The displayed negative odds indicate the amount of money you needed to bet in order to win $100.
• The positive odds posted indicate the amount you could potentially win for every $100 bet.

Regardless of the situation, the odds of the bet payout are locked in when you place your bet. Regardless of any potential changes in odds before the game, you will be paid at those odds if your bet wins.

How much should you bet on a moneyline bet?

Principles of effective bankroll management advise setting a total bankroll amount that you are comfortable with and ensuring you never place more than 1% of it on any single bet.

You can set a unit amount of 1% based on your confidence level in each bet, and wager between one to five units on any moneyline bet.

For instance, if you allocate $100 for betting each month, then one unit of your bankroll would be $1.

The problem with moneyline betting is that the potential low returns on favorites may not justify the risk, and underdogs, despite their appealing odds, may not have a realistic shot at victory.

For instance, the Milwaukee Bucks are often heavily favored in most regular-season games, meaning you have to place a large bet to win anything substantial on the moneyline. This is quite a risk, and could lead to significant losses if they have a poor performance.

Conversely, you may spot a highly enticing price on an underdog such as the Oklahoma City Thunder when they play against the Bucks. However, keep in mind that even +1500 odds yield $0 when the anticipated outcome occurs and the underdog is defeated.

This is why it’s always recommended to adhere to correct bankroll management principles when placing moneyline bets.

What does the Puck Line/Run Line refer to?

Betting on the puck line in hockey and the run line in baseball is a common practice for most NHL and MLB games. These standard point spreads are typically 1.5 goals or runs. While these bets are placed at different moneyline odds, they are often compared to point spread betting in other sports. However, unlike other sports, the puck and run lines seldom vary; only the moneyline odds do. Additionally, alternative puck and run lines can also be wagered on at different moneyline odds.

Placing Bets on Live Moneylines at Sportsbooks

In-game betting, also known as live betting, gives you the opportunity to place bets during the game. The odds fluctuate in real-time, reflecting the course of the game and often changing rapidly. Indiana’s online and mobile sportsbooks offer full-game, quarter, and half-live moneylines for most sports, altering these lines as necessary. It’s your responsibility to secure a bet promptly when you find appealing moneyline odds. Therefore, the only platform to place live moneyline bets is via Indiana’s mobile sportsbook apps.

3 Moneyline Betting Mistakes

Avoid these three common mistakes when betting on the moneyline:

1. Avoid Over-Betting on Favorites: Betting on the moneyline favorite excessively is a common error. Favorites typically provide little value and their payouts are so meager that they rarely justify the associated risk.
2. Favorite Teams Betting: Avoid the error of making bets based on your loyalty to a team rather than a rational decision. Selecting victors is straightforward, but it’s certainly not simple. This can only be achieved by setting your feelings aside to make educated and informed choices.
3. Don’t Overlook Value: Avoid the error of wagering on moneylines without considering the genuine probability of the team you’re betting on to win. Moneyline betting isn’t just about selecting winners. You need to evaluate the actual odds of a win against the stated odds, seek value, and use that as a guide for your betting decisions.