Updated: Nov 8, 2022
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If you bet on an NFL moneyline, you are making the most basic type of sports wager known to man.
While points spread bets involve betting on one team’s margin of victory or defeat against their opponent, moneyline bets are much more simple.
To make an NFL moneyline bet, you must simply bet on the team you believe will win the game straight up.
At most legal sportsbooks in the United States, moneylines will be presented with American odds. Odds are determined by the bookmaker according to a team’s implied probability to win or lose.
The favorite will be represented with minus odds, while the underdog will be designated with plus odds.
At FanDuel Sportsbook, you will find various moneyline betting types.
In this guide, moneyline betting at FanDuel Sportsbook will be reviewed in-depth with the hopes of making you a more profitable sports bettor in the long run.
How To Place A Moneyline On FanDuel
Before you can place a bet of any type at FanDuel Sportsbook, you must first register for a new account.
There are two different ways to sign up for a new FanDuel Sportsbook account.
First, you must visit FanDuel Sportsbook on their website or mobile app, which is available for both Apple and Android devices.
Next, begin the registration process. During the signup process, you may be asked to enter a promo code which you don’t need to collect our exclusive bonus.
Click on the “Play Now” button on this page. Doing this will redirect you to FanDuel Sportsbook to register, and your bonus will automatically activate at the site.
Placing A Moneyline Bet At DraftKings
- Log in to your new FanDuel Sportsbook account
- Next, click on the NFL tab
- Find the NFL moneyline market you want to bet on
- Now click on it, and it will appear in your bet slip
- Input the exact amount to want to stake on this bet
- Review your bet slip and when you are done, click on the “Submit Bet” button to lock in your bet
What Is A NFL Moneyline Bet?
When you place a moneyline bet, all you are doing is picking the team you think will win their game outright. If you are right, you will cash your moneyline betting ticket.
When you see the odds attached to a moneyline bet, you should know that they are determined by a team’s implied probability to win or lose the game.
These odds are set by the bookmaker.
The favorite to win the game will have minus odds next to it while the underdog will have plus odds.
So the larger the favorite, the lesser the odds, which will result in a lower payout. Meanwhile, the greater the underdog, the greater the odds, which will result in a larger payout.
With your standard 2-way moneylines at FanDuel Sportsbook, overtime will always be included in the result unless otherwise noted.
For example, if the Pittsburgh Steelers (-139) are hosting the Cleveland Browns (+115), the Steelers are the favorite.
- Browns (+115) at Steelers (-139)
What Is 3 Way Moneyline In NFL?
A 3-way moneyline has three different outcomes.
You will see that you can pick either team to win while also picking the game to end in a tie. While 3-way moneylines are more prevalent in soccer and hockey, you will also find these for NFL markets.
For NFL regular-season games, 3-way moneylines will include overtime since these games may end in a tie.
However, with NFL postseason 3-way moneylines, these bets will not include overtime since NFL playoff games can not result in a tie.
In these cases, 3-way postseason NFL moneylines are settled at the end of regulation.
What Does – / + Mean In Moneyline?
When you see the -/+ symbols with moneyline bets, these signs simply tell you who the favorite and the underdog are.
They are also telling you the market prices.
When you see a team with a minus sign, that team is the favorite to win the game.
When you see a team with a plus sign, that team is the underdog and is also projected to lose.
Here is an example of how moneyline bets work and how they payout according to -/+ odds using the Browns-Steelers odds from earlier:
- Browns (+115) at Steelers (-139)
If you place a $100 bet on the Steelers to win, you will get a $137 payout.
If you place a $100 bet on the underdog Browns to win, you will get a payout of $215.
What Does No Juice Mean In Moneyline?
In some regions, juice at a sportsbook will also be called the vig. The juice is the cut the sportsbook takes on every bet they get acton for. It is also the proverbial house edge.
When you see a no juice moneyline, the oddsmakers have determined that both teams have an equal chance of winning or losing the game.
You may also find a no-juice moneyline offer on your favorite sportsbook’s promotions page.
When you find a no-juice moneyline market, it will look like this:
- New York Giants (+100) versus Philadelphia Eagles (+100)
As long as you pick the right team to win, you will get even money for your stake. So a $100 bet will award you a $200 payout.
Does Moneyline Include Overtime Play?
Yes. Moneyline bets will include overtime in the result unless it is stated otherwise ahead of time with 2-way markets.
However, with 3-way moneylines, overtime will not be included with NFL postseason bets since these games cannot end in a tie.
What Happens To Moneyline When NFL Game Ties?
If an NFL game ends in a tie with 2-way moneylines, you will get the stake of your bet back since your wager will be graded as a push.
With 3-way moneylines, your bet will be graded as a winner if you did, in fact, bet on the game to end in a tie.
However, if you bet on either team to win and the game ends in a tie, your wager will be graded as a loss.
NFL Moneyline Betting Rules At FanDuel
Moneyline betting rules at FanDuel Sportsbook are cut and dry.
To win your bet, you must pick the right team to win the game outright. All moneyline bets will include overtime in the result unless otherwise noted.
Furthermore, 2-way moneyline push rules will also be in play unless otherwise noted as well.
There are various ways to use a moneyline calculator.
While you can use a moneyline calculator to determine a team’s implied probability of winning the bet based on their odds, you can also use it to determine your potential payout if your bet hits just by entering the odds.
You may also use a moneyline calculator to convert standard American odds into other popular odds formats like decimal or fractional.
NFL Moneyline Betting Strategy
Whether you are new to sports betting or a veteran avid bettor, be sure to use a strategy when placing any NFL moneyline bet.
Be Wary Of Betting Underdogs
While underdog markets are enticing since you can get a larger potential payout on a smaller wager, this is a great way to slowly drain your bankroll if you are unsuccessful.
When placing bets on underdogs, be sure to find value. You will find your greatest value on underdogs while limiting the risk if they are playing at home.
Price shopping is also known as line shopping.
When you are line shopping, you are shopping the same market on different sportsbooks to see which one is offering the best price and then betting on it.
Doing this will increase your overall profitability in the long run.
To be a successful line shopper, you must have multiple sports betting accounts ready and loaded with funds so you can jump on the right-priced market before the odds move, which happens often.
Hefty Favorites Can Drain Your Funds
Betting on heavy favorites is another way to drain your bankroll.
Only it can happen much more rapidly than it would when betting on the underdogs. When you bet on a big favorite, you must wager a lot to win a little.
So although betting on the Packers at (-500) odds to beat the lowly Bears may seem like a sure thing, it isn’t. Anything can happen in the NFL.
The Bears can win, and you can be down $100 when you only would have profited $20 if your Green Bay bet hit.
Big risk, small reward. It makes no sense. You are better off using the Packers as a leg in a parlay to limit the risk.
Read our in-depth guide for more tips on how to bet NFL games on FanDuel Sportsbook.
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