When it comes to football markets, NFL moneyline odds are the most popular. This is largely due to the fact that they are fairly simple to understand. However, that doesn’t mean that betting NFL moneyline odds will make you an automatic winner.
In this guide, we’ll walk you through everything you need to know about NFL moneyline odds, including explaining how they are created, how they are paid out, and more.
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What is an NFL Moneyline Bet?
NFL moneyline odds refer to the implied probability a team will win no matter the point total or score. Simply put, a moneyline bet is when you bet on the outright winner and that’s it.
With NFL moneylines, there are two teams, each with its own moneyline odds. More often than not, one team is favored to win and the other team is the underdog or less of a favorite. In rare instances, the moneyline odds are even, which would indicate that the two teams are fairly even in terms of talent level and how they play on the field.
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How do NFL Moneyline Odds Work?
As indicated above, NFL moneyline odds are odds to win. If you place a bet on a team’s moneyline odds then are saying that you believe they will win the game.
Moneyline odds are more representative of how close the two teams are in terms of their talent level. Whereas point spread bets are created to make a more balanced, even bet that requires a team to win by a certain number of points.
Below, is a closer look at how NFL moneyline odds work.
NFL Moneyline Bet Example
Below is an example of NFL moneyline odds.
Team
Moneyline Odds
Philadelphia Eagles
-110
New York Giants
+100
How are NFL Moneyline Bets Paid Out?
Moneyline bets are paid out if you outcome you selected does in fact occur.
Using the example above, you can see that the moneyline odds for the Giants begin with a plus sign, which indicates that they are not favored to win. If you were to bet $100 on the Giants at +100, you would net a profit of $100. If you were to bet the Eagles at -110, you would win $90.91 in net profit.
Betting the Eagles wins less because they are favored to win per the odds as their odds begin with a negative sign. If both teams had negative odds, that would indicate the teams were evenly matched.
Frequently Asked Questions about NFL Moneyline Bets
What is the moneyline in NFL betting?
How does the NFL moneyline work?
Why do NFL moneyline odds change?
How does a sportsbook earn money from NFL moneyline bets?
How does a sportsbook determine an NFL moneyline price?
What if the price changes after placing a NFL moneyline bet?
Are NFL moneyline bets good bets?
Can you put NFL moneyline bets in parlays?
What is a +200 moneyline bet in the NFL?
Is it better to bet spread or moneyline in the NFL?
Does a moneyline bet push on a tie in the NFL?
How often does the moneyline favorite win in the NFL?
How to Place a Moneyline NFL Bet
Placing a sports bet on the NFL moneyline is very simple. Nevertheless, we put together a step-by-step process that you can follow to help make things even easier. Below, we used BetOnline, our top sportsbook pick, as an example on how you can place a moneyline NFL bet.
1. Open An Account
First, you must register as a new player at BetOnline or any other sportsbook for that matter. At BetOnline, click “Join Now” on the homepage to get started. Here, fill in your personal information and confirm your email address to set up your account.
2. Add Sportsbook Funds
Next, hit “Deposit” to head over to the deposit section of BetOnline. Here, choose the method that works for you. Additionally, be sure to use any BetOnline promo codes that you may have as this is the time to take advantage of any new player welcome bonuses.
3. Select Your NFL Moneyline Bet
Once you’ve created an account and added funds you will be ready to browse the sportsbooks. Visit the NFL section of the sportsbooks and select the NFL moneyline bet that interests you the most. Here, you will need to click it to add it to your bet slip.
4. Choose Your Wager Amount
After adding your bet to your bet slip, input the amount you wish to wager. Once you’ve inputted it, review it, and then click “Place Bet” to confirm your moneyline bet with the sportsbook.
5. Wait For the Bet To Be Graded
Now all you have to do is watch the game and wait to see if your bet is a winner or not. If you win, your original wager amount will automatically be credited into your account along with your winnings.
Advantages of NFL Moneyline Bets
NFL moneyline odds are some of the best NFL odds available. Below, are a few reasons why they are widely considered to be a great choice for NFL sports bettors.
- Easy to understand. Betting on the moneyline is very simple. You simply choose the team you think will win.
- Always available. NFL moneyline odds are present at every online sportsbook and betting app, making them easy to access.
- Perfect for novices. Moneyline bets are perfect for new sports bettors as they are not complicated and make following the game simple.
Our Top Tips on How to Win an NFL Moneyline Bet
Below are our top tips on how to win an NFL moneyline bet. Use these tips to help inform your next NFL moneyline bet and you may just increase your chances of winning more bets.
1. Invest in Research
Every sports bettor should invest in research. Make sure you fully understand every roster, every matchup, stay up-to-date on injury reports, and get an understanding of the teams who are involved in your bet. By doing so, you will have a leg up on many public bettors who simply just bet the favorites.
2. Look for the Best Odds
NFL moneyline odds may vary from sportsbook to sportsbook so it’s not a bad idea to browse all of the major online sportsbooks to see who is offering the best moneyline odds. This will increase your chances of earning more profits.
3. Consider the Underdog
Try to use your research to strategically select an underdog who has a good chance of upsetting a favorite. Factor in injuries, matchups, and expert tips before betting the underdog, but if you do you will certainly increase your profits as underdog odds are better than odds on the favorites.
4. Explore Live Betting
Live moneyline betting will allow you to double down on your previous bet and/or get better odds. Additionally, a team’s performance may vary from quarter to quarter and thus the moneyline odds will adjust accordingly. It’s a great way to factor in real-time updates while betting the moneyline.
5. Risk What You’re Comfortable With
Only bet what you are willing to lose. This will limit your losses and set you up for success in the long run. It’s unrealistic to win every bet but if you are careful with your bankroll you will have a better chance of having a long and fruitful betting career.
The Sports Daily’s NFL Moneyline Picks
If you are looking for expert analysis and thoughtful NFL moneyline picks then look no further than The Sports Daily. Our team provides up-to-date NFL picks each week, which include in-depth analysis backed by real-time news and thorough research.
Every NFL week, we will provide previews for the games scheduled that week, and include our pick for the moneyline among other NFL odds. Read more about NFL betting to understand what other odd types are available and how our team previews every NFL matchup.
How do NFL Moneyline Bets Work with Live Betting?
Live moneyline betting on NFL games is a great way to adjust your decision-making based on real-time play and is accessible at just about every major online sportsbook. Here is how live NFL betting on the moneyline works.
- First, login to your sportsbook account and visit the live betting section of the sportsbook
- Locate the live game you are interested in and select the live moneyline odds
- Select the moneyline odd you wish to bet and input your wager amount
- Next you will just need to confirm your live bet with the sportsbook
- Now all you have to do is wait and see if your live bet wins or not and you will automatically receive your winnings if your bet hits
The Best Sportsbooks for NFL Moneyline Odds
There is no shortage of options when it comes to online sportsbooks and betting apps. That is why we put together a list of the best online sportsbooks available on the market today.
Here, we reviewed the best sportsbooks and why we think you should consider them. Each of them offers competitive NFL moneyline odds among other bet types. However, if we were to just choose one our top pick would be BetOnline as it is very user-friendly and even has excellent sportsbook promotions.
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