A moneyline wager is perhaps the simplest way to get started in the world of sports betting, as all it involves is picking the winner of a game or event. There really isn't a sport for which you can't find moneyline wagering, although the value on moneylines can vary greatly.
For most sports, betting on the moneyline involves choosing one team/player or the other to win, although some sports such as soccer will also offer moneyline odds for a tie.
If there is a plus (+) symbol in front of moneyline odds for a team or player, that means they are the underdog, and the odds represent how much you would win with a $100 wager. If there is a minus (-) symbol in front of their odds, then the sportsbook considers them the favourite, and the odds represent how much you would have to bet in order to win $100. The more likely an outcome, the higher the - price will be, while the less likely, the larger the + price will be.
Before recent legislation, Canadians had to bet on multiple moneyline outcomes (in the form of a parlay bet) in order to make a wager. As of 2021, Canadians can use single-game betting to bet on the moneyline market for a game on its own.