AmericanPicks.com provides computer and consensus NFL Moneyline Picks
The NFL could be considered as one of the best sports to bet the moneyline on. However, to some, the concept of a moneyline is a little tricky. What exactly does it entail? How can you calculate winnings? Is it even worth it to bet on?
Frankly, it’s up to you to determine whether or not you’d rather bet the moneyline instead of against the spread. It’s up to us, however, to give you all the information you’ll need to make the best bet possible and maximize your winnings. The moneyline gives bettors a way to eliminate point spreads and take a more head-on approach to the game.
Before you make your decision on how to bet your next NFL game, let’s go over some of the details of moneyline betting and how you can use it to your advantage.
What does a “negative moneyline” mean to you?
When people look at moneyline betting, they usually get confused when they see something like “Green Bay Packers -145” on the screen. This is because they aren’t familiar with what the ( – ) means, but if you take a second to think about it, you’ll find it’s similar to against the spread betting.
When you see that negative symbol, just as when a team is minus 7.5-points, it means that the particular team is the favored team to win the game. The number associated with the negative symbol indicates how much you’d need to spend in order to receive $100 in winnings.
Let’s continue with our example from earlier. In the event you bet on the Green Bay Packers, with a moneyline of -145, you’d have to spend $145 dollars to win $100.
What about if you want to take a team that has a (+) sign?
On its surface, it might seem complicated when you see the plus symbol associated with a bet you’d like to make, but it’s quite simple, really. All it means is that the team with the (+) symbol is the underdog to win the game, meaning you can spend $100 to win whatever the number is next to the symbol.
Let’s use this as an example, say the Green Bay Packers are facing the Minnesota Vikings, and the Packers have a moneyline of -145 to win. However, the Minnesota Vikings are +185 heading into the game. If you bet $100 on the Vikings to win, and they did, you’d win the original $100, along with the additional $185 for a winning bet.
How can you capitalize by betting the moneyline?
Moneylines are made for games that are too close to call. When it comes to betting on the NFL, spread margins are likely going to be over three points which leaves a small margin of error. With the moneyline, all you have to do is bet on a team to win; the margin of victory is of no concern.
Sure, it’s a little harder to win big by betting the moneyline, but it’s a great tool for beginning bettors and even some seasoned veterans. The best time to bet the moneyline is when you’re looking to eliminate the spread.
Primetime games are especially popular for moneylines because you never know if a team is really going to be able to cover under the TV lights. Say the Packers are -7.5 against the spread on Monday night, but they only win by 3. Would’ve been a better bet to take the -145 moneyline there; that way, the margin of victory makes no difference.
Is betting the moneyline worth it?
Absolutely, the moneyline gives you a chance to collect winnings consistently over the course of the season. There are going to be countless games this year, bursting with new talent, making betting the spread volatile.
With players shuffling around the league, it’s going to take a couple of weeks before you’ll be able to iron out how many points a team can actually cover. Using the moneyline to your advantage on close games or even games with margins over ten points ensures you more opportunities to capitalize on your bets this season.