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The moneyline is the only form of betting on a matchup. Think about Pittsburgh Steelers play New York Giants in the NFL. On the moneyline the former may be at odds of -250 and the latter is +210 to win this soccer recreation. You merely select which crew to guess on to win and place your wager accordingly. If the sport was a tie, as a result of no draw was offered, then the result’s a ‘push’ when it comes to betting. Meaning your stake is refunded and also you neither received nor misplaced. Here is an example of an NFL moneyline at a typical American sportsbook:

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After the vig is taken out, the rest of the money within the pool is used to pay out the winners. The payouts in a horse race change in actual time up until the beginning of the race. As new wagers are collected, the supplied payouts change to account for the brand new betting action.