Summary: NFL Moneyline Betting Strategy. Moneyline betting is one of the most straightforward and most popular ways to gamble on the outcome of NFL games. In simplest terms, moneyline betting strategy comes down to picking the winner of an NFL game straight-up – both regular season and playoffs. In moneyline betting, the bookie assumes most people are going to wager on the favorite and sets the line on the underdog so as to cover any potential losses on the favorite. Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard's chances of winning are much greater.
Here’s How the Moneyline Works in Sports Betting
Remember that every spread still has a moneyline attached to it. While that might be a bit confusing, all that refers to is the cost of betting the spread; not how the outcome will be decided.
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Although the point spread tends to be favored by sports handicappers when it comes to NFL betting, there are sites that will offer both point spread and moneyline wagers. With the moneyline, you wager on one of two teams and whichever team wins outright is the one that pays off.
Basics of the Moneyline
With a moneyline, teams are listed differently than they would be when the point spread is used. Many who are new to sports betting are confused by the moneyline and sometimes even intimidated. But once you understand the basics, you’ll be able to utilize it to your advantage.
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A NFL moneyline, which always lists the visiting team first, looks like this.
Dallas Cowboys -200
San Francisco 49ers +150
With the moneyline, the team that is listed in the negative is the favorite and the one listed in the positive is the underdog.
Sports Betting and Moneyline Wagering
In the example above, betting on the moneyline works this way. To win $100 on the Cowboys, you’ll have to wager $200. That’s because Dallas, at -200, is heavily favored. If you put $100 on the 49ers and they win, your payoff will be $150.
Wager on Dallas and if they win, you’ll get your $200 back plus $100 for a total of $300. Bet on San Francisco and if they win, you’ll get your original wager of $100 plus $150 back for a total of $250.
The Sports Betting Vig
Is there vig, a commission for the bookmaker, with the moneyline? There is but it’s harder to see with this type of bet. A bookmaker gets their commission by charging more than they should on the favorite club and paying back less than they should on the underdog. In essence, they are overcharging the sports bettor on one end and underpaying him on the other.
Moneyline Advantages
The moneyline allows you to wager on teams outright, and that means it doesn’t matter at all by how much your team wins, as long as they win you get paid. Of course, you have to risk more to win less when you bet on the favorite, but you risk little when betting on an upset. And there are seasons where there are plenty of upsets in the NFL.
In sports betting, the moneyline is best to wager on when the point spread seems too close to call or when you believe an upset is in the making. Be sure to shop around for the best moneyline as they will vary to a degree from sportsbook to sportsbook.
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When you think about sports betting, the first wager type that comes to mind is probably the moneyline. The moneyline bet is a straight-up wager on who wins a game, fight, or any other matchup.
The term ‘moneyline’ might sound like a sort of foreign language. That’s okay! We were all rookie bettors who had to ask questions at some point.
We’ll break down moneyline bets and walk you through everything you need to know about them.
The Moneyline Made Easy
You’ve already learned how to read and interpret the three types of odds you’ll encounter, so let’s move onto the elements of sporting events you can bet on.
When making a moneyline bet, you’re simply selecting the outright winner of a single game.
When making a fundamental moneyline bet, you’re simply selecting the outright winner of a single game. This is the most straightforward bet you can make. There are no other contingencies.
Here’s an example of the moneyline bet in action:
To place your bet, all you need to do is click on the moneyline number attached to the team you believe is going to win the game. If you think Anaheim will win, click on the +135. If you like Nashville, click on the -135.
From here, your pick will be added to a bet slip where you be asked to enter the amount you wish to risk on your moneyline wager. So, how can you tell how to calculate your payout on the moneyline?
Breaking Down the Moneyline
The numbers next to each team on the moneyline are American odds which:
indicate each team’s implied probability
determine how much money you would win, based on your wager.
The team that has a “+” sign on next to their odds is the underdog, while the team with “-” next to their odds number is seen by your sportsbook as the favorite.
In some cases, both teams will have “-” signs next to them. In this case, the team with the number farther from zero should be regarded as the favorite (eg. -120 would be the favorite over -105).
Because the bet will be harder to win, you will always receive a higher payout when you bet the underdog on the moneyline. Of course, the risk of losing such a bet is also substantially higher.
Winning Moneyline Bets
At this stage, you might be wondering how you can win moneyline bets. Let’s revisit the Anaheim (+135) vs. Nashville (-135) moneyline example.
If you bet $100 on Anaheim at +135 moneyline odds and they win the game, you win $135 for a total payout of $235. On the flip side, you need to successfully wager $135 on Nashville to win $100 for a potential payout of $235.
When it comes to moneyline betting, the lines with a plus symbol tell you the amount of money you’d win on a $100 wager, while odds with the minus sign indicate the amount you need to bet to win $100.
Moneyline wagering is a relatively easy concept to understand once you get the hang of it.
Popular Sports with Moneyline Odds
You can find moneyline line odds for virtually any sport, including some of the following leagues:
NFL
NBA
MLB
NHL
UFC
Moneyline odds will look similar across the board. The positive number indicates the betting favorite, and the negative number is assigned to the underdog.
Handicapping your Bet
Handicapping is an important part of strategizing your moneyline bets. If you see moneyline odds for a team, and you believe they have a good chance of winning, then you’re already familiar with the concept of handicapping.
Using analytical research, key betting trends, or any other knowledge that might eliminate any guessing in a bet is called handicapping. Handicapping assigns an advantage to a team based on available evidence and statistics rather than a gut instinct.
Beating the oddsmakers is a tough task, but the more research and handicapping you do on betting lines, the better chance you have at padding your bankroll.
Opening/Closing Odds and Line Movement
Online sportsbooks will adjust their moneyline odds as one side gets more of the action from the betting public. Bellator schedule 2020 upcoming. This changes the value of your potential return, so it’s important to pay attention to line movement and the opening/closing odds.
Let’s use the Super Bowl as an example. A team like the Kansas City Chiefs could start as -125 favorites, but as more people bet on them leading up to the Super Bowl, the odds might move to -150 or more. This could have a big impact on your winnings, which is why it’s important to find early betting lines that have better value for NFL games.
What Is The Moneyline In Nfl Betting Nfl
Experienced sports bettors track the odds very closely, and watching the moneyline is an effective way to gauge what the oddsmakers are thinking. If you find a team you’re confident in, and the oddsmakers are moving the lines the other way, then you’ll have the edge over the sportsbook if your team wins.
Why Are There Fractions or Decimals on the Moneyline?
This depends on the audience your sportsbook targets. The + and – signs you see are referred to as “American” odds. As such, American-facing books will almost always represent the moneyline in this format.
Sportsbooks outside of North America sometimes display the moneyline in either a decimal or fractional format. Even so, the moneyline always refers to betting on the winner of the game, regardless of odds format.
If you need a refresher on calculating all types of odds, be sure to check out our guide. This skill is essential to understanding the moneyline and giving you a return on wagers!
Why Is There No Moneyline for My Game?
Sportsbooks don’t always offer a moneyline option for a game. Sometimes, they will simply offer totals and spread bets.
For example, many sportsbooks only offer an option to bet on the NFL moneyline if the spread is between 3 and 10 points. If one team is a heavy favorite (and the spread is listed at 14 points or more), many sportsbooks will choose to offer only spread and totals bets. This is an industry-standard, in most cases. However, there are exceptions to this rule at select online sports betting sites.
Other Factors to Consider
What Is The Moneyline In Nfl Betting Today
Here’s a few other things to keep in mind when you’re looking at moneyline odds at online betting sites:
Shop for the best lines – moneyline odds aren’t the same at every sportsbook
Point spread betting – look at other options like betting the point spread if you’re on the fence about a moneyline wager
Watch the vig – sportsbooks include a fee right in the betting lines, and bookmakers create odds that attract wagers on both sides
What Is The Moneyline In Nfl Betting Picks
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Sports betting is the best way to get more involved with your favorite games, and we have all the knowledge you need to wager with confidence. Check out Betting 101 for more guides that can help you drill the fundamentals.