How Does the Moneyline Work in Betting on Football?

One of the most prominent features of the 2022 NFL season will be the divisional races. Thirteen of the league’s 16 teams will be in action, meaning we’ll get to see some truly memorable matches. With the new season comes the chance to make some money, and there are certainly a variety of betting options available when it comes to NFL football. One of the most promising betting opportunities is to place a wager on the moneyline. Let’s examine how the moneyline works, and how you can profit from it.

Defining The Moneyline

The moneyline, or the betting line as it’s sometimes called, is the amount that two teams are willing to wager on the outcome of the game. For example, if you were to place a $100 wager on the New York Giants to win the upcoming game against the Tampa Bay Buccaneers, then that would be a $100 wager against the spread. But if you’d rather back the Buccaneers, you’d have to come up with $200 to make a profit. The moneyline is often thought of as a simpler way to bet on games, as the amount you’ll win or lose is already calculated into the odds you’re offered. As a general rule of thumb, the further the game is in the past, the greater the monetary value of the moneyline. This is because the moneyline is usually set a few days before the game, and large numbers of people are more prone to wagering on the outcomes of games that have already happened.

The Importance of The Moneyline In Sports Betting

Even if you’ve never bet on sports, you’ve probably heard of the importance of the moneyline in wagering on sporting events. As the name would suggest, the moneyline is most useful when it comes to wagering on professional football and basketball, due to the sport’s popularity and the large sums of money at stake in most games. But the principle behind the moneyline applies to all sports, and you can use it as a way to make money no matter which sporting event you choose to bet on. As a general rule of thumb, the farther the game is in the past, the greater the monetary value of the moneyline. With that being said, you can’t always rely on history to predict how games will turn out, and in some cases the opposite may be true.

Which Teams Are Suitable For Moneyline Betting?

The moneyline is generally not suited for betting on the outcomes of high school or college football games. The reason behind this is that the spread is usually set a few days in advance, and the outcome of these games is mostly predetermined anyway. Therefore, you’ll rarely, if ever, see a line for a high school or college football matchup that differs by more than a few points from the betting odds available in the sports books before the game (the lines set by the bookmakers). If you’re looking for a low-risk wager, then the moneyline is a great option, but if you want to place a wager and be able to win some money, you might want to look at the over/under fates. The over/under fates are a great way to place a wager on sports, as they allow you to win or lose a specific amount of money, no matter who you bet on. As an example, if you bet $100 on the New York Jets and their over/under for points scored in the upcoming game against the Buffalo Bills, you’d win $100 if the Jets score exactly 16 points. But if the Bills score more than 16 points, then you’d lose your $100 bet. This is in contrast to betting on the spread, where you risk losing either way because the spread is set by the bookmakers and can vary by quite a bit in either direction.

What Are The Moneyline Odds?

When people think about wagering on sports, the odds that come to mind are generally the point spread and the over/under fates. Odds are sometimes used in conjunction with moneyline wagers to set the amount of money to be won or lost on any given outcome. For example, if you’re betting on a NY Jets over/under 8.5 points scored in the upcoming game against the Buffalo Bills, then the 8.5 points would be the implied odds for that game. In this case 8.5 points would be the spread, and your $100 would be the moneyline. In general, the higher the moneyline, the more you’ll need to bet to make a profit. But this is not always the case, as some games have very high-scoring spreads, meaning low-scoring games are great opportunities for cash-based players. For instance, the Los Angeles Rams’ opener against the Seattle Seahawks was a low-scoring affair, with the two teams combining for just seven points in a 10-7 Seahawks victory. In this case, if you’d wagered $100 on the under, then you would have won $100, as the under bet was 8.5 points.

Moneyline Odds In Action

In recent years, a number of sportsbooks have implemented a virtual betting platform, which means you can place wagers from the convenience of your home or office. Using a smartphone or desktop computer, you can place bets on games via the Internet, which is far more convenient than having to go to a physical sportsbook to place a wager. Because of this, the moneyline odds are frequently available for virtual betting platforms, meaning you don’t have to be at a physical sportsbook to place a wager. This is generally a good thing for anyone who finds walking to a sportsbook inconvenient, such as those with mobility issues or those who live in a remote area (generally not a convenient option). However, not all virtual betting platforms are created equal, and sometimes the differences in quality can be night and day. As always, it depends on the quality of the service you receive.

If you do decide to go with a virtual betting platform, then make sure you’re aware of any differences in the way the site handles moneyline wagers as compared to the way a traditional sportsbook acts. Some virtual betting platforms will let you wager on the moneyline just as you would anywhere else, but others may have several requirements, such as needing to open an account first and use a credit card to make a deposit. Knowing the differences beforehand can help you decide which ones to avoid and which ones to utilize.

The Moneyline As A Total Wager

One of the greatest things about the moneyline is that it’s a total wager, which means you’re not required to pick apart each team’s chances of winning. For instance, if you bet $100 on the New York Jets, then you’ll win either $100 or nothing, as the Jets will either win or lose the game against the Buffalo Bills. This is in contrast to betting on the spread, where you have to make a separate wager for each team and in some cases have to choose between two losing options. Overall, the moneyline is a quick and easy way to get into wagering, as you don’t need to set up an account or make a deposit to use it. You’re also not required to have a lot of money to place a wager, as long as you meet the minimum betting threshold (most sportsbooks will allow you to wager up to $2,500 per day). The moneyline is also one of the more popular betting options simply because it’s so simple to understand and easy to utilize.

Final Takeaway

The moneyline is one of the most popular and most useful betting options in sports, due mostly to its simplicity and the large sums of money involved in most professional sporting events. If you’re looking for an easy way to get into sports wagering and want to make some money, then the moneyline is a great choice because you need not to have a lot of experience to use it. Moreover, the moneyline is also convenient as you don’t need to be at a physical sportsbook to place a wager. This is because a number of sportsbooks now offer a virtual betting platform, which means you can place wagers from the convenience of your home or office. Knowing the differences beforehand can help you decide which ones to utilize and which ones to avoid. Finally, if you’re looking for a low-risk wager, then the moneyline is your choice as it is generally smaller in magnitude (in either direction) than the spread, which means you’re less likely to lose your money.