Updated: Nov 8, 2022
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When you think of the most simplistic form of betting on American football, then the NFL moneyline bet should immediately come to mind.
NFL moneylines are easy to understand. Although with wagers like points spread bets, you are betting on a side to win or lose by a predetermined number of points, there are no complexities with moneylines.
To win an NFL moneyline bet, all you need to do is pick the team you believe will win the game.
So with a moneyline, if the team you bet on wins by two points or 22 points, the outcome is all well and the same. Your moneyline betting slip will be graded as a winner.
When you see an NFL moneyline, you will also see odds attached to each side of the bet.
These odds are determined by the oddsmakers correlating to each side’s implied probability of winning the game.
The favorite and the underdog are also easy to identify with NFL moneylines. The favorite is designated with a minus symbol while the underdog is tagged with a plus symbol.
In this guide, NFL moneylines at Caesars Sportsbook will be discussed in-depth with the hopes of giving you a better understanding of how they work to make you a more successful sports bettor long term.
How To Place A Moneyline On Caesars
Whether you want to place a moneyline bet or any other type of wager at Caesars Sportsbook, you must first sign up for a new account.
There are two ways to do so, which will be discussed below.
You can register for a new Caesars Sportsbook account with a promo code or without one. Either way, you can activate your new user welcome bonus. So here’s how.
First, visit Caesars Sportsbook on the web or via their mobile app. The app will be available in both the Apple and Android app stores.
Now, start the new user registration process. During this process, you will be asked to enter a promo code. In this field, use the code BESTODDSFULL.
When you do this, you will activate your new user welcome bonus.
You can also bypass entering a bonus code by clicking on the “Play Now” button on this page.
Upon clicking, you will be redirected to Caesars Sportsbook to register and your welcome bonus will be automatically activated and waiting for you.
Placing NFL Moneyline Bet At Caesars
- Sign in to your new Caesars Sportsbook account
- Navigate to the NFL tab and click on it
- Find the NFL moneyline market that you want to bet on
- Click on it so it will appear in your bet slip
- Now enter the exact amount to want to stake on this NFL moneyline
- Review your bet slip and click the “Submit Bet” button to complete the betting process
What Is A NFL Moneyline Bet?
Contrary to spread betting, there are no points involved with NFL moneyline bets.
Simply place your wager on the team you think will win the game and if you are correct, your betting slip will be graded as a winner.
Each team involved in an NFL moneyline bet is assigned odds. These odds are set by the bookmakers according to their implied probability of winning.
Your standard NFL moneyline bets are 2-way moneylines.
There is one winner and one loser. If the game ties, your bet will be graded as a push and your stake will be returned.
And unless otherwise cited, overtime will be included in the result.
Here is an example of an NFL moneyline:
- Minnesota Vikings (+123) at Green Bay Packers (-150)
In the above example, the Packers are a slight favorite to win the game. You know this because they have minus odds.
Consquently, the Vikings are the underdog as they have plus odds attached to them.
What Is 3 Way Moneyline In NFL?
Although 3-way moneylines are more popular in sports like soccer and hockey, you will also see them in NFL markets.
3-way moneylines involve the two teams playing as well as a tie option.
While with a 2-way moneyline, a game that ends in a tie will be graded as a push and your stake will be returned, the 3-way moneyline rules are different.
With 3-way moneylines, a tied game result will end up as a losing betting ticket unless you bet on the tie option.
However, if you did bet on the tie option, your bet will be graded as a winner.
With 3-way moneylines, overtime will be included for regular-season NFL games since these matchups can end in a tie.
However, for NFL postseason games, overtime will not be included with 3-way moneylines as these games can not end in a tie.
So 3-way moneylines for NFL postseason markets will be graded at the end of regulation.
What Does – / + Mean In Moneyline?
When you see -/+ symbols attached to the teams involved in a moneyline, be aware that the minus symbol denotes the favorite while the plus symbol signifies the underdog.
These signs will also tell you each team’s market price.
Here is an example of how moneyline bets work as well as their payout method using the Vikings-Packers odds from earlier:
- Minnesota Vikings (+123) at Green Bay Packers (-150)
If you bet $100 on the Vikings at (+123) odds, your payout will be $223 if they win the game.
Meanwhile, if you placed your $100 wager on the Packers at (-150), odds you will get a $167 payout if Green Bay wins the game.
What Does No Juice Mean In Moneyline?
When you see the term juice in sports betting, it is referring to the vig a sportsbook charges to take your action.
Juice is the cut an operator takes on every bet they took action for. It also denotes the house’s edge.
So when you see a no juice moneyline, it could mean one of two things.
A no juice moneyline is an offer you will find on some sportsbook’s promotions pages if they are running a no vig special.
In most cases, no juice moneylines will mean that the oddsmakers believe each side’s probability of winning is equal.
Here is an example:
- Cleveland Browns (+100) versus Cincinnati Bengals (+100)
No matter what side you bet on, you will get an even money return. So a $100 bet will bring you a $200 payout if the team you bet on wins.
Does Moneyline Include Overtime Play?
Unless otherwise noted, overtime will be included with 2-way NFL moneylines.
However, for 3-way moneylines, when the game is played will be a factor in the rules.
With 3-way moneylines, overtime will be included in NFL regular season markets while it will not be for NFL postseason markets.
This is because an NFL regular-season game can end in a tie, which is not the case in the playoffs.
For NFL postseason 3-way moneylines, bets are settled at the end of regulation play.
What Happens To Moneyline When NFL Game Ties?
If an NFL game ends in a tie, your 2-way moneyline bets will be graded as a push, and your initial bet stake will be refunded.
With 3-way moneylines, you can win or lose your bet if an NFL game ends in a tie depending on what you placed your wager on.
If you bet on the game to tie, then your ticket will be graded as a winner. If you bet on any other result, then your ticket will be deemed as a loser.
NFL Moneyline Betting Rules At Caesars
Moneyline betting rules at Caesars Sportsbook are easy to understand.
All you need to do to win your bet is to place your wager on the team that wins the game outright.
With your standard 2-way moneylines, overtime will always be included in the result unless stated otherwise. 2-way push rules will also be in effect here as well.
Moneyline calculators can be a sports bettor’s best friend.
These can be used to not only determine each team’s implied probability of winning using their odds, but you can also use these calculators to change the odds from American to fractional or decimal.
And if you enter the odds that you want to bet on, a moneyline calculator will also tell you your potential payout and profit.
NFL Moneyline Betting Strategy
You should go into every bet you make with a strategy.
These strategies will help you earn more profit and build a larger bankroll in the long run.
To help you in your efforts, you will find some of the most actionable NFL moneyline betting strategies below.
Sports betting is a marathon and not a sprint.
Therefore, you should be thinking with that mindset and not chase bets if you are on a cold streak.
If you vigorously track every bet you make while making profitable wagers, you will more than likely be in the green in the long run.
And if you are not, you can go back to see where you went wrong and shake things up.
Be Selective With Favorites
While betting on the favorite always appears smart, it isn’t.
Heavy favorites can be upset, especially in the NFL. Imagine placing a $1,000 bet on a team with (-835) odds and losing?
In that case, you risked $1,000 to win $120. This is a great way to crush your bankroll.
So next time a proverbial sure thing entices young, you’d be better off limiting your risk and putting that bet as a leg in a parlay.
You can find value in sports betting by line shopping.
When you line shop, you are searching out the same bet at various sportsbooks while placing your wager at the operator offering the best price.
Doing this means you are not leaving any money on the table, which correlates to a greener bankroll in the long run.
Line shopping also gives you the opportunity to join more sportsbooks and take advantage of their new user welcome bonuses, which will also pad your bankroll.
Read our in-depth guide for more tips on how to bet NFL games on Caesars Sportsbook.
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