NFL Moneyline Betting Explained
If you’re a brand new or potentially prospective NFL betting enthusiast that wants to know more about betting on the world’s most popular sport to wager on, then you’re in luck! Thanks to this mybookie.ag original betting guide you’re going to learn all about making NFL moneyline wagers. With the 2015 regular offseason slowly creeping its way toward its annual training camp period, this expert NFL betting guide could go a long way toward assisting you in your efforts to cash in over the course of the coming season.
Making an NFL moneyline wager is the simplest form of betting on an NFL matchup. All you have to do is make a selection on the team that you believe is going to win the game outright.
Football oddsmakers set lines for each respective team with the favorite having lower payout but higher odds to win while the underdog offers more money but lower odds.
Let’s make place a wager with a real NFL matchup. Green Bay Packers vs Pittsburgh Steelers.
Green Bay Packers -180
Pittsburgh Steelers +120
In this example, the Packers are the favored team, as signified by the – (minus) written in front of the 180, while the Steelers are the underdogs, as designated by the + (plus) in front of the 120.
What these numbers mean is that those wishing to bet on the favorite, the Packers, will have to risk $180 to win $100, while those wanting to wager on the underdog, the Steelers, will risk $100 to win $120.
It’s important to remember that even though money lines are expressed in units of $100, you do not have to bet that much money. The money line will work just as easily with a $5 or $10 wager as it does with a $100 bet.
Remember, each game’s betting line basically serves as a sort of payout ratio odds and will be scaled to your actual wager. If you like to keep things simple and just pick the straight-up (SU) winners of each contest, then placing a moneyline wager in the mybookie.ag sportsbook is the way to go!