How To Bet Moneyline On BetMGM App
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An NFL moneyline is the most basic way to bet on pro football.
Contrary to points spread bets, NFL moneylines do not involve a spread. So you don’t need to worry about picking a team to win or lose by a pre-set number of points.
Instead, all you need to do to win an NFL moneyline wager is pick the team that you think will win the game outright.
So whether the team you pick wins by one or 10 points, your betting slip will cash in regardless.
When you glance at an NFL moneyline, you will see odds attached to each team. The oddsmakers set these odds according to their implied ability to win the game.
You will see minus and plus symbols next to each team, followed by a number. These are their market prices. The favorite will have minus odds, and the underdog will have plus odds.
In this guide, NFL moneylines will be discussed at BetMGM Sportsbook with the hopes of helping you have a better understanding of how they work before you make your next bet.
How To Place A Moneyline On BetMGM
No matter what type of bet you want to make on BetMGM Sportsbook, you will not be able to do so until you sign up for a new account.
When you sign up for a new BetMGM account, you will be entitled to a new user welcome bonus should you qualify.
If you want to register for a new BetMGM Sportsbook account, you must first visit BetMGM Sportsbook on their webpage or through their mobile app, which you can find in both the iOS and Android app stores.
Once you do this, begin the sign-up process. You will be prompted to enter a promo code during the registration process.
Here, you will use the code BESTODDS. When you use this code, your bonus will be activated.
You can also bypass a promo code by clicking on the direct sign-up link on this page.
When you do this, you will be redirected to BetMGM to register, and your welcome bonus will be automatically activated and waiting for you.
Placing An NFL Moneyline Bet At BetMGM
- Sign in to your new account
- Find the NFL tab and click on it to view available NFL markets
- Click on the NFL market you want to bet on, and it will appear in your bet slip
- Now enter the amount you want to stake on your bet
- Review your bet slip and click the “Submit Bet” button to complete the wagering process
What Is A NFL Moneyline Bet?
An NFL moneyline bet does not involve points like spread betting.
These are straight-up wagers that involve you picking one team or the other to win. If the team you bet on wins the game, you will cash your NFL moneyline ticket. It is that simple.
Both sides of an NFL moneyline bet will have assigned odds. The bookmakers set these odds according to their implied probability of winning the event.
At all of the top sportsbooks, your standard NFL moneyline bets are 2-way moneylines. This means you only have two betting options.
So if a game ties, push rules will be in effect, and you will get your bet’s stake returned. What’s more, overtime will always be included in the result of an NFL moneyline bet unless stated otherwise.
Here is an example of a 2-way NFL moneyline you will find at BetMGM:
- Miami Dolphins (-130) at New England Patriots (+107)
In the example above, the Dolphins have minus odds and are the betting favorite, while the Patriots have plus odds and are the designated underdog.
What Is 3 Way Moneyline In NFL?
While 3-way moneylines are most popular in sports that tie on a regular basis like hockey and soccer, 3-way NFL moneylines are not uncommon.
With 2-way moneylines, a game that results in a tie will be graded as a push, and you will get the stake of your bet back. However, with 3-way moneylines, the rules are different.
When you bet on a 3-way moneyline, you can bet on the game to end in a tie. If you make this bet and the game ends in a tie, then your ticket will be graded as a winner.
However, your ticket will be graded as a loss if you bet on any one of the two other outcomes.
For 3-way moneylines during the NFL regular season, overtime will be included in the result since these games may end in a tie.
For NFL postseason 3-way moneyline markets, these bets will be settled at the end of regulation since NFL playoff games can not end in a tie.
What Does – / + Mean In Moneyline?
When you see -/+ signs in sports betting, these symbols will tell you two things.
Not only will they tell you which team is the favorite and which team is the underdog, but these symbols will also tell you the market prices for each side as well.
Below is an example of how moneyline bets work as well as their payouts using the Dolphins-Patriots odds from above:
- Miami Dolphins (-215) at New England Patriots (+170)
If you placed a $100 wager on the Dolphins and they win the game, you will get a $147 payout.
However, if you placed that same $100 wager on the Patriots and they win, your payout will be $270.
What Does No Juice Mean In Moneyline?
When you see the term juice in sports betting, it is referring to the sports betting operator’s vig.
Sportsbooks take a vig on every bet that they receive action for to maintain the house’s edge.
When you see a no juice moneyline, there are two scenarios you may run into. First, there could be a no juice bonus offer that you will find on your favorite sportsbook’s promotions page.
Another reason that you will find a no-juice moneyline is that the oddsmakers feel that both teams have the same implied probability of winning the game.
Here is an example of a no juice moneyline:
- Seattle Seahawks (+100) at Las Vegas Raiders (+100)
If you bet on a no juice moneyline, you will receive an even money payout if your bet hits.
Therefore, a $100 stake will award you a $200 payout.
Does Moneyline Include Overtime Play?
Yes. Moneyline bets will include overtime play in the result unless stated otherwise with 2-way markets.
However, this will change with 3-way moneylines.
Since NFL games can not end in a tie in the postseason, 3-way moneylines will be settled at the end of regulation time.
What Happens To Moneyline When NFL Game Ties?
If an NFL game ends in a tie with 2-way moneylines, your bet will be graded as a push, and you will get the full stake of your bet refunded.
When you bet 3-way moneylines, results will vary.
If you bet on the tie option on a 3-way moneyline and the game does, in fact, end in a tie, then you will win your bet. But if you bet on any other option, but a tie in a 3-way moneyline and the game ends in a tie, then your bet will be graded as a loss.
NFL Moneyline Betting Rules At BetMGM
NFL moneyline betting rules at BetMGM Sportsbook are simple.
To cash winning NFL moneyline tickets for 2-way markets, simply place your wager on the team that you think will win the game.
Unless stated otherwise at the time you place your bet, all 2-way NFL moneylines will include overtime in the result while the 2-way push rules will be in effect.
You can perform numerous tasks with a moneyline calculator.
First, you can determine a team’s implied probability of winning based on their odds. You can also shift standard American moneyline odds into decimal or fractional formats.
Lastly, when you enter the odds and the amount that you want to stake, you can also determine your potential payout on a bet you want to make.
NFL Moneyline Betting Strategy
You should have a betting strategy with every bet you want to make, no matter the type.
Doing this will help you be more profitable in the long run. Below, you will find some of the most actionable betting tips for NFL moneylines.
Have A Long Term Mindset
When sports betting, think of it as a marathon, not a sprint.
This mindset will help you remain disciple, so you don’t chase losing bets by making irresponsible wagers.
Tracking every bet you make is a good way to keep yourself in check. when you do this, you can keep track of what you do best and what you need to improve on.
And if you are on a losing streak, you can use this tracker to make necessary tweaks.
Be Wary Of Underdogs
Underdog betting is enticing since you can make a quality profit off of a smaller stake. However, underdog betting is also risky.
They are expected to lose for a reason, after all. And if you end up on a losing streak betting on underdogs, you can slowly dwindle away your bankroll.
So be selective and lower the risk by placing bets on home underdogs. They have a higher probability of winning at home despite their overall deficiencies.
You should be looking for value with every bet you make.
You can do this with line shopping. When you are line shopping, you are shopping the same betting market on numerous sportsbooks looking for the best price.
And when you are always betting on the best price, there is a better chance that your bankroll will be in the green in the long run.
Line shopping will also expose you to new sportsbooks. And when you are exposed to new sportsbooks, you are also exposed to new user welcome bonuses.
Be sure to take advantage of every welcome bonus on the market since that is essentially free betting funds that you can use to pad your real-money bankroll.
Read our in-depth guide for more tips on how to bet NFL games on BetMGM Sportsbook.