Wager Mage
Photo: Antoni Shkraba
A moneyline bet is a much better option for certain sports. Nonetheless, it's hard to make any real money with this type of wager. If a sport has a spread betting option available, it's almost always worth it to go with that option. A spread bet is usually your best bet.
If you take the lump sum option, there will be a federal tax of 24% on your winnings — about $143.2 million. You'd also owe more at tax time,...
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Read More »The sports betting industry continues to grow here in the U.S. and that growth has unlocked a number of new betting options. Despite the emergence of new betting options, traditional bets like moneyline and spread bets are still the most common bets to make. If you are new to sports betting, then these two betting options are what you should initially focus on. After you have mastered them, then you can explore different options at the sportsbook. Here is a quick overview of these two betting types. There will also be an explanation for which contexts each betting option is most well-suited for.
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