If you’re new to sports betting and want to explore the exciting world of moneyline bets, the DraftKings app is a fantastic place to start. Moneyline bets are straightforward and popular among both beginners and experienced sports bettors.
In this guide, we’ll take you through the process of placing a moneyline bet on the DraftKings app, step by step, ensuring you understand every aspect.
What is a Moneyline Bet?
Before we dive into the specifics, let’s clarify what a moneyline bet is. Moneyline bets, also known as head-to-head or straight bets, are all about picking the winner of a particular game or event. Unlike other bet types, moneyline bets don’t involve spreads or points. You’re simply choosing which team or player you think will come out on top.
How to Place a Moneyline Bet on the DraftKings App?
To place a moneyline bet on the DraftKings app, follow these steps:
- App Installation: The first step is to download and install the DraftKings app on your mobile device. It’s available for both iOS and Android platforms. Once installed, open the app and log in to your account.
- Select Your Sport: The DraftKings app offers a wide range of sports and leagues to bet on. Pick the sport you’re interested in and choose the specific league or event.
- Choose the Game: Within your chosen sport and league, you’ll find a list of upcoming games or matches. Select the game you want to place a moneyline bet on.
- Access the Moneyline Market: Scroll through the available betting markets for the selected game. Find the ‘moneyline’ or ‘ML’ market, which usually lists the odds for both teams or players.
- Select Your Pick: Choose the team or player you believe will win the game. Tapping on your selection will add it to your bet slip.
- Set Your Stake: Enter the amount of money you want to wager on your moneyline bet. The app will automatically calculate your potential payout based on the odds you’ve chosen.
- Confirmation: Once you’ve entered your stake, double-check your selection and stake amount. When you’re ready, tap the “Place Bet” button.
- Confirmation Message: After placing your bet, you’ll receive a confirmation message on your screen, verifying that your moneyline bet has been accepted.
Tips for a Successful Moneyline Bet
Now that you know how to place a moneyline bet on the DraftKings app, here are some tips to increase your chances of success:
Seek Value
Value bets offer odds that are in your favour. Compare odds from different sportsbooks to identify these opportunities.
Shop for the Best Odds
Different sportsbooks may offer slightly different odds for the same moneyline bets. It’s advisable to compare and select the sportsbook with the most favourable odds.
Effective Bankroll Management
Managing your bankroll is crucial. Set a budget and adhere to it. Never wager more money than you can afford to lose.
Practice Patience
Remember that sports betting is a long-term endeavour. Be patient and don’t be disheartened by losses. Consistency and a level-headed approach are keys to success.
Conclusion
Placing a moneyline bet on the DraftKings app is a straightforward process that opens the door to exciting sports betting opportunities. Understanding the basics of moneyline bets and implementing the provided tips can enhance your experience and potentially lead to more winning bets.
Now that you got the knowledge of how to place a moneyline bet, go ahead and enjoy the thrill of predicting winners in your favorite sports. Just remember to bet responsibly, stick to your budget, and stay patient as you navigate the exciting world of sports betting. Good luck, and may your moneyline bets be as successful as your favourite teams!