How To Bet Moneyline On Betfred App

Lukasz

Updated: Dec 13, 2022

This page contains references to products from one of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Affiliate Policy, visit this page.

When you bet on an NFL moneyline, you make the most basic type of sports wager on professional football.

Moneyline betting is simple since they are straight-up wagers without any points involved or spreads to cover.

To make an NFL moneyline bet, simply place your wager on the side that you think will win the matchup outright. If you are right, your moneyline betting ticket will be settled as a winner.

Whether you belong to one sportsbook or multiple platforms, it is imperative that you understand the betting rules of each operator.

And since all operators deploy different rules that will affect how their bets are graded and settled, being in the know is a terrific way to give yourself an edge right out of the gate.

In this guide, the ins and outs of NFL moneyline betting at Betfred Sports will be examined with the hopes of helping you to become a more profitable sports bettor over time.

How To Place A Moneyline On Betfred

You can easily place a moneyline bet on Betfred.

However, you can not place a moneyline bet or any wager, for that matter, without first registering for a new Betfred account.

Below, you will find out how to sign up for a new account while simultaneously securing a lucrative new user welcome offer.

The first thing you need to do is click on the direct sign-up link on this page.

Doing so will redirect you to Betfred’s registration page to begin the sign-up process.

Next, you will be required to enter some basic information. You will be prompted to enter a promo code when you are through. You don’t need one to activate your welcome bonus.

To fully secure it, finish creating your new account and complete the verification process. Then, make your qualifying first-time deposit, and your bonus will be credited to your account.

Placing An NFL Moneyline Bet On Betfred Sports

  • Open an account at Betfred Sports
  • Sign in to your new account
  • Find the NFL betting tab and click on it
  • Find the NFL moneyline you want to bet on
  • Click on it so it will land in your bet slip
  • Enter the exact amount you want to stake on your bet
  • Look over your bet slip to make sure everything is as you want it
  • Click on the “Submit Bet” button to complete the betting process

What Is A NFL Moneyline Bet?

The most basic way to bet on the NFL is by placing an NFL moneyline bet.

Contrary to point spread betting, there are no points involved or spreads to cover with moneylines.

NFL moneylines are much simpler wagers which is why this betting type is also referred to as outright betting.

Since you are not betting on a team to win or lose by a preset number of points with NFL moneylines, it does not matter whether the side you bet on wins by one point or 10 points.

If the side you bet on wins the event, you will win your moneyline bet.

Your standard NFL moneyline bet at Betfred is a 2-way market.

With these, the push rule is in effect, and overtime will always be included in the result unless otherwise noted when you place your bet.

With these standard 2-way moneylines, you will still have three possible outcomes. You can win your bet, lose your bet, or your bet can settle as a draw.

However, despite the fact that there are three potential outcomes with 2-way markets, you can only bet on two of them. Hence the name.

If you did want to bet on the game to end in a draw, you’d need to place a wager on a 3-way moneyline.

Otherwise, you can only bet on either side to win with 2-way markets.

Here is an example of how to read a 2-way NFL moneyline at Betfred:

Miami Dolphins (-215) vs New England Patriots (+180)

The Dolphins are the betting favorite in the above example, shown with minus odds.

Meanwhile, since the Patriots are shown with plus odds, they are the underdog.

What Is a 3 Way Moneyline In NFL?

With 3-way NFL moneylines, there are three different outcomes that you can bet on, contrary to 2-way markets, where there are only two.

While you can bet on either side to win the game with both 2-way and 3-way moneylines, you can only bet on the game to end in a draw with 3-way markets.

Also, with 3-way moneylines, the push rule that is attached to 2-way markets is void since you can bet on a game to end in a tie.

To win a 3-way moneyline, the rules are the same as 2-way markets. All you need to do to cash your 3-way moneyline betting slip is place your bet on the correct possible outcome.

What Does – / + Mean In Moneyline?

In sports betting, the -/+ symbols will tell the bettor which side is the betting favorite and which side is the underdog in the matchup.

The favorite will be shown with minus odds, while the dog will be shown with plus odds. These symbols will also determine the market price for each side of a bet as well.

Here is an example of how to read the -/+ signs at Betfred:

Miami Dolphins (-215) vs New England Patriots (+180)

If you wager $100 on the Dolphins, you will get a $146.51 payout if they win the game. However, when you bet $100 on the Patriots, your payout will be $280 if they end up pulling off the upset.

What Does No Juice Mean In Moneyline?

Juice is another name for the term vig in sports betting.

The vig signifies the amount of money a sports betting operator will take for every bet they receive action on. This is also referred to as the house advantage.

There are two ways to find a no-juice moneyline in sports betting.

The most common reason why you see no juice moneylines is when an oddsmaker determines that both sides of a matchup have an even chance at winning.

When this occurs, the bet is called a pick’em or an even money wager.

You can also find no juice moneylines on your favorite sports betting platform’s promotions page linked to a bonus or a promo.

Below is an example of how a no juice moneyline works:

  • Baltimore Ravens (+100) vs Pittsburgh Steelers (+100)

Whether you bet on the Steelers or the Ravens to win, you will get an even money payout if the team you bet on wins the game with a no-juice moneyline.

Therefore, a $100 bet will garner you a $200 payout when your bet is graded successfully.

Does Moneyline Include Overtime Play?

Yes. With 2-way NFL moneylines, overtime will always be included in the result unless noted otherwise at the time you placed your bet.

However, when it comes to overtime with select 3-way NFL moneylines, the rules will differ, primarily, with postseason markets.

Since an NFL game in the playoffs can not end in a draw and must produce an outright winner to advance, your 3-way moneyline bet will be settled at the conclusion of regulation play.

What Happens To Moneyline When NFL Game Ties?

With 2-way NFL moneylines, your bet will be settled as a push, and the sportsbook will return your stake in the event that the NFL game you bet on ends in a tie.

However, this rule will differ for 3-way markets.

With 3-way NFL moneylines, your bet will be settled as a win or as a loss, depending on how you bet the event since a tie is a potential outcome you can bet on.

Moneyline Betting Rules At Betfred

Betfred’s NFL moneyline betting rules are simple to understand.

When you want to make an NFL moneyline bet, you need to place your money on the side you think will win the matchup outright. If you are correct, you will win your bet.

Please note that with your standard 2-way moneyline markets, overtime will always be included in the outcome unless noted otherwise at the time you place your bet.

Moreover, the push rule will also be in effect for these same 2-way markets.

Moneyline Calculator

Sports bettors can get many uses from a moneyline calculator.

While these tools can be used to convert odds from American to fractional or decimal, you can also use them to determine your projected payout of a bet you want to make using preset odds from your sportsbook of choice.

Using those odds from your favorite sportsbook, you can also use a moneyline calculator to determine the implied probability of winning for both sides of a bet.

NFL Moneyline Betting Strategy

If you want to become a more successful sports bettor over the long term, then you must go into every bet you make with an actionable betting strategy for football.

Below, you will find some terrific sports betting tips that will educate you and help you make wiser bets.

Bankroll Build With Sportsbook Bonuses

If you want to bolster your sports betting bankroll from the get-go, take advantage of as many new user welcome offers as possible.

These offers are there to entice you to sign up for a new betting platform. So why not use them?

You can also be savvy with these offers since all platforms feature different offer types.

You may want to sign up with Sportsbook A to get a risk-free bet up to $1,000, then go to Sportsbook B to get a 100% deposit match up to $250.

Mix, match and maximize. All of these offers are there for you to grow your bankroll and keep betting.

Fade Heavy Favorites

Heavy favorites are enticing because they look like locks to win the game.

However, you should know that in sports, nothing is a lock, and anything can happen.

Sure, you can slowly grow your bankroll by winning many bets on heavy favorites at a clip. However, one loss can wipe away all of your winnings. And here is why:

If you bet $100 on a team to win with -700 odds, your payout will be $114.29, netting you a profit of $14.29. However, if you end up losing that bet since anything can happen in sports, you will be out $100.

To limit your risk while still taking advantage of this -700 heavy favorite, include said favorite as a leg in a parlay bet.

With a parlay, you can wager less to win more.

Don’t Chase Losses

It is human nature to chase losses.

However, doing so can put you in grave danger in sports betting, especially if you are amid an ice-cold streak.

If you lose a few bets in a row, you may want to try to recuperate your losses by taking a swing for the fences and going over your unit size.

The thing is, if you lose that bet, then you are in an even greater hole.

Rather than chasing your losses, remain disciplined and stick to your units.

Eventually, you will get back on track, especially if you think with a long-term mindset with your bankroll.

Read our in-depth guide for more tips on how to bet NFL games on Betfred Sportsbook.

    Bet $50 Get $111
    Rating
    21+. Gambling problem? Call-1800-GAMBLER. T&Cs apply
    Betfred Bonus$50 Get $111 Plus $1,000 In Bonus Bets
    Betfred Highlights
    Generous Bonus
    In-play Is Available
    Trending Wagers View
    21+ Gambling Problem? Call 1-800-GAMBLER
    Legally operating in:
    Payment Methods:
    visa
    mastercard
    paypal
    PLAY NOW

About the author

Lukasz Strycharz | Web Manager – A flâneur who follows Formula One racing and dabbles in SEO and content in the iGaming and sports betting niche. T...

[Read full bio]