How To Bet Moneyline On Betway Sportsbook
Whether you want to bet on a moneyline or parlay on Betway Sportsbook, you cannot do so without first signing up for a new account.
You can register for a new account easily while taking advantage of Betway’s new user welcome promo in the process.
En route to registering for a new Betway Sportsbook account, you must first visit Betway’s website or its mobile app.
You can find the Betway app in both the apple and Android app stores. Now that you are there, you can begin the new user registration process.
While signing up, you may be prompted to enter a promo code. However, it is not needed to claim our exclusive bonus.
Placing An NFL Moneyline Bet At Betway
- Visit the Betway website or open the app
- Navigate to the NFL tab and click on it
- Find the NFL moneyline bet you want to make
- Click on it so it will appear in your bet slip
- Enter the amount you want to wager
- Look over your bet slip
- When you are ready, hit the “Submit” button to lock in your bet
What Is A NFL Moneyline Bet?
When you place money on an NFL moneyline bet, you are wagering on one side to defeat the other straight up.
Once the event concludes, Betway will grade your wager three ways. Win, lose or push.
You will win your NFL moneyline bet if you picked the correct side to win.
Odds are attached to each side when you see an NFL moneyline bet. These odds are determined by the bookmaker according to each side’s implied probability of winning.
At Betway, you will see that the standard NFL moneyline wager are 2-way bets with a push rule. This means you have only two betting options on this market.
Should the event tie, the push rules will be applied, and you will get your stake refunded. Also, with these bets, overtime will be included in the result unless noted otherwise.
Here is an example of a 2-way NFL moneyline at Betway:
- Indianapolis Colts (-200) at Houston Texans (+170)
Using the example above, the Colts are designated as the favorite to win since they have minus odds. The Texans, meanwhile, are the underdog as they have plus odds.
What Is 3 Way Moneyline In NFL?
There are also 3-way NFL moneylines.
Although 3-way moneylines are regularly correlated with sports that often tie, like hockey and soccer, 3-way NFL moneyline markets are not uncommon.
While 2-way moneylines apply a push rule in the event of a tie, this is not the case with 3-way markets.
When betting on a 3-way moneyline, you will have the option to bet on the event to end in a tie. And if you do bet on a game to end in a tie, and you are right, you will win your bet.
However, if you bet on either team to win in this scenario, then your bet will be graded as a loss.
With 3-way moneylines during the NFL’s regular season, overtime will be included in the result.
However, for obvious reasons, postseason rules will differ since those games cannot end in a tie. 3-way NFL moneylines in the playoffs will be graded at the end of regulation.
What Does – / + Mean In Moneyline?
When you see -/+ signs in sports betting, they will signify two different things. Obviously, they will represent how oddsmakers see the market playing out.
Minus odds will be attached to the favorite, while plus odds will be assigned to the underdog. You can also use these odds to determine each side’s implied probability of winning.
However, these symbols will also show each side’s betting price.
You will see an example of how these odds work below using the same Colts-Texans odds from earlier.
- Indianapolis Colts (-200) at Houston Texans (+170)
When you bet $100 on the Colts, you will get a $150 return if you win your bet. When you bet that same amount on the Texans, your return will be $270 if they win the game.
What Does No Juice Mean In Moneyline?
In sports betting, you will often see the term juice.
All juice is, is another name for the term vig. A vig is an amount a betting operator will take on every bet they get action for. This is also referred to as the house advantage.
A no-juice moneyline can happen in two ways. First, you will find some sportsbooks like Betway, including no-juice betting specials on their promotions page.
You will also find no juice moneylines when the bookmakers determine that both sides of the market have an equal shot at winning.
Here is an example of a no juice moneyline:
- Buffalo Bills (+100) at Kansas City Chiefs (+100)
When you bet on a no juice moneyline, you will get an even money payout if your bet wins. So a $100 bet will get you a $200 payout.
Does Moneyline Include Overtime Play?
Yes. A moneyline bet will include overtime play unless noted otherwise with 2-way betting markets.
With 3-way moneyline markets, your bet will not include overtime for NFL postseason games since those events can not end in a tie.
Instead, these bets will be graded at the end of regulation time.
What Happens To Moneyline When NFL Game Ties?
When an NFL game ties for 2-way markets, the push rule will come into effect, and you will get your stake back.
However, with 3-way markets, bet grading will vary. When you bet on the tie option, you will win your bet if the game indeed ends in a tie.
However, if you bet on any other outcome and the game ties, then your bet will be graded as a loss.
Moneyline Betting Rules At Betway
NFL moneyline betting rules at Betway are easy to digest.
To win your bet, the team you bet on must win the game straight up with 2-way markets. Unless otherwise stated, all 2-way markets will include overtime as well as the push rule.
Moneyline calculators of three primary uses.
While you can figure out a side’s implied probability of winning based on their odds, you may also determine your potential payout if your bet wins using these same odds.
With moneyline calculators, you can also change the odds from American to fractional or decimal.
NFL Moneyline Betting Strategy
If you want to be a successful sports bettor with NFL moneylines, then you must enter every bet you make using a precise strategy.
Below, you will find successful NFL moneyline betting strategies that will help you cash more tickets in the long run.
You can find value by shopping lines at various sportsbooks.
When line shopping, are shopping the same market between operators to find price discrepancies, which correlates to a larger payout if your bet hits.
Line shopping will also expose you to new user sign-up bonuses which will also expand your bankroll if you take advantage of these lucrative offers.
Stay on top of key factors that drive line movements.
This will help you find value while also letting you know why line changes occur. These factors could ultimately change the outcome of a game and how you should bet it.
Such factors will include recent news, injuries, weather conditions, public perception, and player activity. If a star player is suddenly injured in practice, the entire outlook of the game can change.
If you don’t know this, you are putting yourself at a disadvantage because you can be sure that the sportsbooks have already reacted to the news.
Fade Heavy Favorites
While heavy favorites are most likely to win, anything can happen in sports, especially in the NFL. Hence, the “Any Given Sunday” narrative.
So when you are enticed to bet on the Cowboys to beat the Giants at (-1500) odds, refrain from doing so. A $100 bet will only get you a $106.25 return.
Is losing $100 worth winning $6.25? If you think it is, then sports betting is not for you. Actually, you are exactly the customer a sportsbook wants.
It would be wise to use that heavy favorite in a parlay instead. Less risk, more reward that way.
Read our in-depth guide for more tips on how to bet NFL games on Betway Sportsbook.