English Moneyline is an American term equivalent to the European concept of the “match result” market. This means that the bet is placed on the outcome of a game or match. The designations “1” and “2” correspond to the results: 1 for the first opponent, 2 for the second.
The 12 Moneyline market is used in sports, events and matches where only two results are possible and a draw is excluded.
A clear and simple example of a sport where only the 12 Moneyline market is available is tennis, where there can only be a victory for the first or second opponent. 12 Moneyline bets are also offered to determine the final result, taking overtime or penalty shootouts into account in sports such as hockey, basketball and American football.
If the match ends in a tie at the end of regulation time with the 12 Moneyline market, your bet remains active until a winner is determined in overtime, extra innings or a penalty shootout.
This lower level of risk is often reflected in betting odds. Theoretically, with a bet on the 1x2 market, you have a 33% chance of winning, since there are three possible results. By eliminating the draw and choosing between two results, the chances of winning increase to 50%. Thus, the odds on these markets are lower because of the reduced risk for the bettor and the increased risk for the bookmaker.
Advantages and disadvantages of 12 Moneyline bets:
- Moneyline bets are the most popular, and every bookmaker, even one with a modest offering, provides Moneyline bets.
- Moneyline bets generally offer the highest possible betting limits and good market liquidity for most sports and leagues, which also makes them suitable for professional and amateur players.
- In some sports, such as tennis, depending on the bookmaker’s rules, if only one set has been played and won by the athlete, but they subsequently retire due to an injury, the loss will be assigned to that player, and therefore to the bet on them.
- Moneyline odds are the most carefully and accurately assessed compared with other sports betting markets. Therefore, they are less suitable for looking for overvalued odds (value bets).
Conclusion on 12 Moneyline bets:
It is reasonably accepted that in this type of betting, the probability of winning is higher than in bets with three possible outcomes. To win the bet, the selected team must win the match, whether in regulation time, overtime or after a penalty shootout.
If the match is tied at the end of regulation time, the bet has not yet been settled; it is neither a loss nor a refund — you wait for the results after overtime, etc.
P.S. There is a separate market for 1x2 Moneyline, where the draw is also included and marked as “X”. Betting results are calculated according to the result at the end of regulation time (four quarters in basketball, three periods in hockey or nine innings in American football). This market is often called the “main result”.