If the tie came on a parlay ticket, let’s say a 3-game NFL regular season parlay with Seahawks ML, Buccaneers ML, and Chiefs ML, the push (tie) of any one or more of those teams would result in the ticket turning into a 2-game parlay (one tie) or single bet (two ties) that now follows the same rules as the Seahawks/Buccaneers example above. When the bet is on a single event, the original bet amount would be refunded by the sportsbook. If a game or match ends in a tie, the moneyline bet will push. There have been countless bettors that have placed 12-team parlays, only to have one game lose and the entire ticket turn to trash. If the Seahawks were to lose to the Rams, the outcome of the Buccaneers and WFT game would no longer matter. It’s important to note that if any one game in your parlay losses, the entire ticket will be graded as a loser. The more teams you add to your parlay, the more your winnings multiply. If we used that same $101 and made two $50.50 bets, one on each team, we would only win a total of $42.16. Using the method we learned above, betting $101 would give us a $100 win for a total payout of $201. If we bet the Seahawks -176 and Buccaneers -375 on a ticket together, our new payout odds would increase to -101. Lets use the previous two examples to highlight what I mean. The parlay is a wager where you combine multiple teams or players on a single ticket. The moneyline parlay is an excellent way to increase your payout and still having the comfort of not having to worry about point spreads. A large majority of the betting public will bet on the favorite, so bookmakers can make the odds on these bets less appealing compared to the underdogs, and still maximize their profits. If betting WFT moneyline pays 3x our wager, shouldn’t betting the Buccaneers be the same in reverse? This would mean a $300 bet would win $100, right? Now, if we bet $100 on the WFT moneyline, we’ll win $300 (plus our wager). We can see in this example that the Tampa Bay Buccaneers -375 are a substantial favorite over the Washington Football Team +300. Let’s use another example of an actual line that Fanduel is offering. You would think that moneyline bets would be the exact opposite of each other. Plus (+) odds show you how much you’ll win if you bet $100, and minus (-) odds will show you how much you have to bet to win $100. The simplest way of understanding the payouts of a moneyline bet is to follow this guide: $10 bet on Rams +148 would win $14.80 for a total return of $24.80.The math here is a bit more difficult because we’re not betting the $17.60 needed for an easy $10 win. $10 bet on Seahawks -176 would win us $5.68 for as total return of $15.68.The same situation applies here, but we would subtract a 0 from both the amount wagered and the amount won. So let’s take a second look at this scenario using $10 as our desired wager amount. Not many people are comfortable wagering hundreds of dollars. If this bet were to win, you would be paid out $248. If we were to bet on the underdog Rams +148, a $100 wager would actually win us $148. The team that is expected to lose is going to be shown with a plus (+) sign. Now, the opposite side of this would be the underdog. The number associated with the minus (-) sign is the amount that must be risked in order to win $100. In this example, if you wanted to win $100 betting on the Seahawks -176, you’d have to wager $176. When you see a minus (-) sign next to a number in the moneyline section, that generally means the team or player is the favorite to win. In the example above, the Seattle Seahawks -176 are favored to win the game over the Los Angeles Rams +148. It just makes the math much easier to follow. Keep in mind that you don’t actually have to bet $100, or in $100 increments. Using the American Odds format that both online and retail sportsbook use, it’s best to use $100 as your reference when making your bets.
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