Nfl Moneyline Betting Explained
Moneyline bets are the simplest form of wagering as far as picking a distinct result of an event. When wagering on the money line, the bettor is simply picking who will win the game outright. With ML bets, it does not matter how many points one team wins by, just that they win the game. The way in which sportsbooks show the difference in talent or projection between the two teams with money line bets is by weighing the ML with heavier odds on the favorited team. Jul 08, 2019 Money line examples: Lets use an NFL example here: New England Patriots -240. Miami Dolphins +220. To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet.
In the world of sports betting, a money line bet is simply betting on which team you expect to win. It doesn’t have anything to do with a spread. You may also see a money line bet listed as “Money Line” or “ML” in different spaces.
The sports betting menu is crowded with choices. Some of the wagering opportunities you’ll come across are a bit on the advanced side, but there are also ones which are straightforward and easy to wrap your head around. Moneyline bets fall into the latter category. For these wagers, you’re simply choosing the winner of the game. Moneyline betting is also called straight-up betting. This is the most basic way to bet because you are simply picking a team to win. When you visit your sportsbook of choice, you’ll see NFL moneyline betting odds that look something like this: In this case Atlanta is the favorite and New Orleans is the underdog. One of the most popular ways to bet on sports is the moneyline. This common betting option is used by new, recreational and experienced bettors and it’s one of the simplest ways to make a sports bet because you’re wagering only on which team will win or lose.
Money lines are represented in negative and positive values.
Negative money line: -145, -220, or anything similar
When you see a minus (-) sign in front of a price, it shows you that team is the favorite to win the game.
That number also indicates how much money you need to bet/spend in order to win $100.
For example, a -220 money line means you need to bet $220 in order to win $100 provided the team you bet on actually does win.
Heavy favorites are known in sports betting as a “chalk” pick. A heavy favorite usually has a number pushing +300 or more. Here, you’re wagering a lot on the favorite to win a little. Don’t assume that a heavy favorite, or chalk pick, is a guaranteed winner…
Positive money line: +145, +220, or anything similar
When you see a plus (+) sign in front of a price, it shows you that team is the underdog. Higher numbers like +400, +500, +5000, etc. represent how much of an underdog the team is in the game. The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers.
The number also indicates how much money would win in comparison to every $100 you wager.
For example, a +150 money line means you would win $150 for each $100 wager you place should that team win the game.
Money line examples:
Lets use an NFL example here:
New England Patriots -240
Miami Dolphins +220
To bet the New England Patriots to win on the money line, you would need to spend $240 on the bet for a chance to win $100 if the Patriots beat the Dolphins. Your return would be $340 – the original $240 stake (bet) and the $100 bet profit.
To bet the Miami Dolphins to win on the money line, you would spend $100 on the bet for a chance to win $220 if the Dolphins, as the underdog, beat the Patriots. Your return would be $320 – the original $100 stake (bet) and the $220 profit.
Nfl Point Spread Betting Explained
In both situations, it doesn’t matter if the team you bet on wins by one point or 100 points. You’re purely betting on the team you believe will win the game. As Al Davis said, “Just win, baby.” That’s exactly what you’d be looking for out of your selection. It doesn’t have to be pretty, it just has to happen or your original stake is lost.