The moneyline on Bovada is the betting line in which bettors wager whether the team they are backing will win or lose. In general, the moneyline is the favorite’s implied odds, which is computed by taking the current odds and dividing them by the total number of bets placed on that side.
This number is then rounded to the nearest whole number. .
For example, if the moneyline for Team A is 3/1 and there are 100 bets placed on Team A, then Team A’s implied odds would be 3/1. If there are now only 80 bets placed on Team A, then Team A’s implied odds would be 2/1.
When making a bet, always check the moneyline to get an idea of how much of a favorite you are betting on. If you think that Team B has a good chance of winning, then it might be worth considering placing a bet on Team B even if its odds are not as good as those offered by the bookmakers.
Conversely, if you think that Team B will lose, then it might be worth considering placing a bet on Team A even if its odds are not as good as those offered by the bookmakers.
Keep in mind that just because a team has a better moneyline than another team does does not mean that the former will necessarily win. For example, if Team A has a 3/1 moneyline and 100 people have placed bets on it while only 80 people have bet on Team B, then Team B’s implied odds would be 2/1 (since 80/100 = .
80). However, even though Team B has lower implied odds than Team A does, it still has a chance of winning simply because more people have placed bets on it.
