Moneyline betting is one of the most popular types of wagers in the NFL. But what is it, and how does it work? In this guide, we will explain everything you need to know about moneyline betting so that you can make informed decisions when placing your bets. We’ll cover what a moneyline bet is, how to read odds, and some tips for winning your bets. Let’s get started!
What is NFL moneyline betting and how does it work?
NFL moneyline betting is a type of wager where you pick a team to win outright, regardless of the point spread. The odds for each team are set by the sportsbook, and the amount you need to bet in order to win $100 (or the equivalent in your currency) is called the “line.” For example, if Team A is listed at +200 and Team B is listed at -250, that means you would need to bet $250 on Team B in order to win $100, while a $100 bet on Team A would net you $200 if they were to win.
Moneyline bets are relatively simple compared to other types of bets, but understanding how odds work is crucial in order to determine how much you could potentially win (or lose). The basic premise is that the higher the odds, the less likely the team is to win, while lower odds represent a more probable victory. For example, a moneyline of +200 means there is a significantly higher chance that Team A will lose than if their odds were +100.
It’s important to remember that with moneyline bets, there is no “spread” like there is with point spread bets. This means that the final score doesn’t matter – all that matters is who wins and by how much. In other words, a 20-point victory by Team A would be just as good as a one-point victory for bettors who picked them.
The benefits of moneyline betting for NFL games
There are a few key benefits to moneyline betting for NFL games. First, it is a very simple way to bet on football. There is no need to worry about point spreads or complex wagering options. All you need to do is pick the team that you think will win the game straight up.
How to make moneyline bets on NFL games
Now that we know what moneyline betting is, let’s take a look at how to make these types of wagers on NFL games.
The first thing you need to do is find an online sportsbook that offers moneyline betting on NFL games. Once you’ve found a site that looks reputable, the next step is to create an account and deposit some money into it.
Once you’ve done that, you’ll be ready to start placing bets! When looking at the moneyline odds for an NFL game, you’ll see two numbers next to each team.
Examples of successful moneyline bets on the NFL
The New England Patriots were +155 underdogs against the Los Angeles Rams in Super Bowl LIII. This means that a bettor would have to wager $155 to win $100.
Tips for increasing your chances of winning moneyline bets on the NFL
While betting on the NFL moneyline may seem straightforward, there are a few tips and tricks that can help you up your chances of winning. Here are a few to keep in mind:
- Do your research. This is always important when placing any kind of bet, but it’s especially crucial with moneyline bets. Know your teams inside and out, paying attention to things like recent injuries, roster changes, and team morale.
- Shop around for the best lines. Different sportsbooks will offer different odds on the same games. By shopping around, you’re increasing your chances of finding a favorable line.