Another popular way to bet on the NFL is moneyline betting. NFL money line betting is the easiest form of NFL betting to understand, as bettors do not need to get the hang of anything new to participate in it. And with moneyline action available from the preseason all the way to the Super Bowl, bettors can take part in this form of wagering all year long. In this guide to NFL moneyline betting, find out more about betting on the moneyline and what to keep in mind before wagering.
The moneyline bet is an easy one to understand. Bettors are tasked with figuring out which team is simply going to win an NFL game. They do not need to worry about what the point spread is, as the margin of victory is irrelevant. They also do not need to worry about the total number of points scored in the game. They simply are picking which of the two teams are going to win an NFL contest.
In each NFL moneyline bet, there is a favorite and there is an underdog. The favorite is denoted by odds with a minus sign, with the number after the minus sign signifying how much a bettor would need to risk to win $100. The underdog is accompanied by odds with a plus sign. The numbers after the plus sign signify the amount a bettor would win if they risked $100 on that team.
The thing people like most about betting on the moneyline is the fact that they do not need their selection to win by any specific margin. All they need is for the team they bet on to win the game. It is the most straightforward market in sports betting, even though it might not be as easy as people think it is in some games.
In this example of an NFL moneyline bet, let’s say that the New York Giants are facing the Philadelphia Eagles. In this example, the Giants are a -150 favorite while the Eagles are at +120 odds to win the game. Bettors looking to earn payouts betting on the NFL can choose either one of these sides to win the game, with the bettors who are correct at the end earning their winnings.
In this example, bettors would have to wager $150 to win $100 if they choose to bet on the Giants. Bettors who wagered on the Eagles could risk $100 to win $120. Depending on which team was playing better, had a better injury situation, or had some other kind of advantage, one of these teams could be a better wager than the other. That all depends on the circumstances surrounding each game, which bettors should think about before they place their moneyline bets.
NFL moneyline odds, whether they are Las Vegas odds or odds in another state, can move before the start of a football game. Interestingly enough, the odds for NFL moneylines are closely correlated to the lines of NFL point spreads. If a team is a three-point favorite, for example, their moneyline odds would pay more than a team that is a ten-point favorite. Usually when the spread moves before a game, the moneyline does as well.
It is important to understand why odds change before the start of an NFL game. Injuries and suspensions can have a huge impact on the fate of a team heading into a game. But bettors may also simply put more money on one side than another, prompting a change in the betting line before kickoff.
There are some key pieces of advice that bettors should take into consideration before wagering on NFL moneylines. The first of those bits of advice is the most important. Bettors should not simply bet on favorites when wagering on this market. The NFL is a league where underdogs win more than in most other sports, due to how tight the competition is between virtually every team in the league.
Even heavy favorites that are -1000 or higher are capable of losing pretty regularly in the NFL, which means that bettors should not overexpose themselves against huge numbers. Occasionally a heavy favorite will lose someone to injury or be caught looking ahead to next week’s opponent. Identifying those situations and finding where there is underdog value is a good strategy to employ.
Bettors should also be sure to look at the matchups at each position heading into each NFL game. The way that offenses match up with the opposing defense and the way that defenses match up with the opposing offense is often more important than which team has more talent on the field. Identifying where each team has an edge and which of those advantages is most significant is arguably the best thing that a sports bettor can do before placing bets.
NFL betting is easy, whether it is moneyline betting, point spread betting or another form of NFL gambling. To place a bet on the NFL, bettors should go to a legal and licensed sportsbook in their state. The status of sports betting in each state is constantly evolving, and bettors should check on the legal status of sports wagering where they live to see if this step is available to them.
Once a bettor has found a sportsbook, they can go to the NFL section of the book. From there, they are able to see a list of games that are available for betting. Bettors can then select which game they want to wager on and choose the side of the moneyline market that they want to get involved with. Once that has been selected, the bettor then enters the amount they want to risk on that moneyline bet and clicks the Place Bet button to finalize the wager.