What is a Moneyline Bet? Complete Moneyline Betting Guide for Tennessee

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Welcome to the definitive guide on moneyline betting, tailored specifically for Tennessee sports enthusiasts. In this comprehensive overview, we'll unravel the intricacies of moneyline bets, providing a thorough guide designed to enhance your understanding and enjoyment of Tennessee sports betting.

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What is a Moneyline Bet in Tennessee?

In Tennessee, a moneyline bet is a straightforward and popular wagering option that revolves around predicting the outright winner of a particular sporting event. Unlike point spreads or over/under bets, the moneyline focuses solely on the team or athlete you believe will emerge victorious, making it a fundamental choice for those seeking simplicity and direct engagement with the outcome. Most sportsbooks also combine moneyline bets with the best Tennessee sportsbook promos, so keep an eye out for a bonus offer involving moneylines. 

Mastering the moneyline is key to navigating the diverse betting landscape and maximizing your enjoyment of the games. The important thing to know is that there are three types of moneyline bets: 

  • Positive odds for underdogs
  • Negative odds for favorites 
  • Even odds for evenly matched contests

Negative Odds

In the realm of Tennessee sports betting apps, negative Moneyline odds typically denote the favored team. For instance, if a football team has a Moneyline of -150, it means that bettors would need to wager $150 to win $100 if the team emerges victorious. 

This negative value reflects the sportsbooks' perception of the team's superiority, and understanding these odds is crucial for bettors looking to make informed decisions on their wagers through Tennessee sports betting apps

Positive Odds

If you're using an app like Fanatics Sportsbook Tennessee, positive Moneyline odds often signify the underdog or less-favored team. For instance, if a local baseball team has a Moneyline of +150, it means that a $100 bet on that team would yield a profit of $150 if they pull off the upset and secure a victory. Embracing positive Moneyline odds on Fanatics Tennessee can be an enticing strategy for bettors looking to support their local sports teams and potentially earn a rewarding return on their wagers.

Even Odds (Pick 'Em)

When you encounter "pick 'em" or even odds in the context of sports betting on platforms like BetMGM Tennessee, it signifies that oddsmakers view the two teams as evenly matched with an equal likelihood of winning. In a pick 'em scenario, both teams will have Moneyline odds set at around -110. This means that a $110 wager would result in a $100 profit, highlighting the balanced nature of the matchup and providing bettors on BetMGM Tennessee with an enticing opportunity to choose the winner in a closely contested game without a clear favorite.

Moneyline Betting: Potential Outcomes Explained For TN Bettors

Moneyline bets in sports betting generally have three potential outcomes: a win, a loss, or a draw. The result determines whether a bettor profits, loses their wager, or experiences a push due to a tied outcome.

Win

Imagine placing a moneyline bet on the Tennessee Titans in a crucial NFL matchup. If the Titans have moneyline odds of -150 at the sportsbook like FanDuel Tennessee and they emerge victorious, a $150 wager would result in a profit of $100. Bettors celebrate the win as their chosen team delivers on expectations.

Loss

Conversely, let's consider a scenario where a bettor backs the Nashville Predators in an NHL game with moneyline odds of +120. If the Predators fall short and lose, the bettor loses their wager and the sportsbook, say in this case, Caesars Sportsbook Tennessee, wins. In this case, a $100 bet would result in a loss of $100.

Draw

In rare instances, sports events can end in a draw, impacting moneyline bets. For instance, if a soccer match involving Memphis Grizzlies has moneyline odds of +200 and the game ends in a draw, the bettor neither wins nor loses. A $100 bet would be returned by the operator like Hard Rock Bet Tennessee, and the outcome is considered a push.

How to Read Moneyline Odds: Calculating Payouts on Moneyline Bets

Payouts on Moneyline bets are calculated based on the odds assigned to each team or outcome. The odds indicate the potential profit or loss relative to a standard amount, usually $100. And it's always a sure bet that sports betting brands like DraftKings Tennessee will offer the best moneyline odds available. 

At most sportsbooks in the state of Tennessee, you'll usually be able to find odds listed as:

  • Game Moneyline
  • Tennessee Titans -120
  • Jacksonville Jaguars +120

Negative Odds

Negative odds (e.g., -120) indicate the amount you must wager to win $100. For example, with -120 odds, you'd need to bet $120 to potentially win $100 in profit. To compute the total payout, you add the initial wager and the profit. Thus, a $120 bet at -120 would result in a total return of $220 (including the original $120 and the $100 profit).

Positive Odds

Conversely, when the odds are positive (e.g., +150), they signify the potential profit on a $100 wager. For instance, if the odds are +150, a $100 bet would result in a $150 profit should the chosen team win. To determine the total payout, you combine the original wager and the profit. Consequently, a $100 bet at +150 would generate a total return of $250 (comprising the original $100 and the $150 profit).

Even Odds

Even odds, commonly known as "pick 'em" odds, signify a scenario where sportsbooks like ZenSports TN consider the competing teams or outcomes to be evenly matched, resulting in a challenging distinction between a clear favorite and underdog. In the context of even odds, both sides are assigned similar moneyline values, typically around -110.

Implied Probability

Implied probability in moneyline betting refers to the likelihood or probability of a specific outcome as implied by the odds set by the sportsbook like Bally Bet Tennessee. It's a way to gauge the perceived chance of an event happening based on the odds provided.

To calculate implied probability from moneyline odds, the formulas differ for positive and negative odds:

  • Positive odds (+): If a team has odds of +200, the implied probability is 100 / (200 / 100 + 1) = 33.33%.
  • For negative odds (-): If a team has odds of -150, the implied probability is 150 / (150 + 100) = 60%.

Understanding implied probability is crucial for bettors in Tennessee as it allows them to assess whether the odds offered by the sportsbook represent value. If their calculated implied probability is lower than their personal assessment of the actual probability of the outcome, it might indicate a potentially favorable betting opportunity. Conversely, if the implied probability is higher, it may suggest that the sportsbook considers the outcome more likely than the bettor does.

What Sports Can You Bet Moneylines On In Tennessee?

Tennessee offers a diverse array of sports for enthusiastic bettors, providing a wide spectrum of options to engage with. From mainstream favorites to niche competitions, the state's sports betting landscape caters to a broad range of interests, ensuring there's something for everyone looking to participate in the thrilling world of sports wagering.

  • NFL Moneyline NFL moneyline betting brings the excitement of predicting outright winners in football matchups. For instance, if the Tennessee Titans have a moneyline of -140, a $140 bet could yield a $100 profit if they secure victory. Understanding NFL moneyline odds is essential for fans looking to enhance their experience with the state's vibrant sports betting scene.
  • NBA Moneyline In NBA moneyline betting, where predicting basketball game winners takes center stage. For example, if the Memphis Grizzlies have a moneyline of +120, a $100 bet could result in a $120 profit should they emerge triumphant. NBA moneyline betting adds an extra layer of excitement to the basketball season for Tennessee bettors.
  • NHL Moneyline Tennessee's sports betting landscape extends to the ice with NHL moneyline betting, allowing fans to wager on their favorite hockey teams. Suppose the Nashville Predators carry a moneyline of -160; a $160 bet might bring a $100 profit if they clinch victory. NHL moneyline betting provides Tennessee residents with an engaging way to follow and invest in the fast-paced world of professional hockey.
  • MLB Moneyline As spring arrives, Tennessee bettors can immerse themselves in MLB moneyline betting, predicting outcomes in baseball games. If the Atlanta Braves boast a moneyline of +140, a $100 bet could potentially result in a $140 profit if they secure a win. MLB moneyline betting adds an extra layer of anticipation to the crack of the bat and the roar of the crowd.

Get Started Moneyline Betting in Tennessee

In conclusion, moneyline betting in Tennessee offers sports enthusiasts an exhilarating journey into the heart of the action, allowing them to engage with a diverse range of sports from the comfort of their homes. Whether navigating the twists and turns of NFL matchups, the high-paced excitement of NBA courts, the intensity of NHL ice, or the enduring charm of MLB diamonds, the state's vibrant sports betting scene caters to all tastes. 

With the convenience of online platforms like SuperBook Tennessee, bettors can seamlessly immerse themselves in the thrill of predicting outright winners, adding an extra layer of excitement to every game. As the world of sports betting continues to evolve, Tennessee stands at the forefront, providing a dynamic and accessible landscape for both seasoned bettors and those just beginning their wagering journey. 

So, whether cheering for the Titans, Grizzlies, Predators, or any other favorite team, Tennessee residents can savor the excitement of moneyline betting as an integral part of their sports experience.

Tennessee Moneyline Betting FAQs

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The experts at BetTennessee.com who bring you the latest updates in Tennessee sports betting. We pull together decades of experience to give you analysis as well as comparisons of the best TN online gambling apps.