Updated: Dec 13, 2022
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The most simplistic form of sports betting is the moneyline wager.
This makes sense because sports betting is about wins and losses and moneylines are outright bets.
And because the NFL is the most popular sport to bet on in the United States, it is natural that NFL moneylines are at the core of the sports betting space.
With points spread betting, you must bet on one side to win or lose by a predetermined number of points.
However, that is not the case with NFL moneylines. Whether the team you bet on wins by one or 100, you will cash your NFL moneyline betting ticket regardless.
This guide will focus on NFL moneyline betting at PointsBet Sportsbook.
And because all sports betting operators have different rules with how they grade their wagers, it is in your best interest to know these practices before you place your next bet.
How To Place A Moneyline On PointsBet Sportsbook
It is easy to place a moneyline bet at PointsBet Sportsbook.
However, before you do so, you must first register for a new account. When you register for a new PointsBet account, you will qualify for a welcome bonus.
Below, you will find out how to join and activate your promo code.
The first thing you must do is visit PointsBet Sportsbook at their website or mobile app, which can be found at both the Apple and Android app stores.
Next, begin the registration process. During sign-up, you will be prompted to enter a promo code.
Use the promo code RSBEST0 in this area.
When you use this code, your welcome bonus will be activated. Complete the registration process and make your initial deposit to get your bonus.
You can also get your bonus by clicking on the direct sign-up link on this page.
So click on the “Play Now” button and you will be redirected to PointsBet’s registration page and your promo code will automatically be activated.
Placing An NFL Moneyline Bet At PointsBet
- Sign up for PointsBet account
- Look for the NFL tab and click on it
- Narrow down the NFL moneyline bet you want to make and click on it so it will land in your bet slip
- Enter the amount you want to stake on this bet
- Look over your bet slip to make sure everything is how you want it
- Click on the “Submit Bet” button to lock in your NFL moneyline wager
What Is A NFL Moneyline Bet?
An NFL moneyline bet is straightforward.
All you have to do is place your wager on the side you think will win the game outright. If you are right, your betting ticket will be a winner.
With NFL moneylines, you must bet on one team to beat the other with no points spread involved.
Once the game ends, PointsBet will determine the fate of your wager in one of three ways. Win, lose, or push.
To cash your moneyline bet, the team you bet on must win the game.
When you see an NFL moneyline at PointsBet Sportsbook, you will find odds attached to either side of the wager.
These odds will be set by the bookmaker according to each team’s implied probability of winning.
At PointsBet Sportsbook, NFL moneylines, are standard 2-way markets. This means that you only have two ways to place your bet.
In these scenarios, the push rule will come into play in the event of a tie.
Overtime play will always be included in the result unless noted otherwise at the time you place your wager.
Here is an example of a 2-way NFL moneyline at PointsBet:
- Washington Commanders (-195) at New York Jets (+165)
Using the example above, the Commanders are favored to win as they have minus odds while the Jets are the underdog with plus odds.
What Is 3 Way Moneyline In NFL?
If you bet on a 3-way NFL moneyline, you will find three betting options.
You can bet on each side to win as well as the event to end in a tie contrary to 2-way markets where there is no tie option.
While 3-way moneylines are more common in sports that regularly end in a tie like in soccer and hockey, you will also find them for NFL markets despite the fact that ties in the NFL are irregular.
Since you can bet on an event to end in a tie with 3-way moneylines, there is no push rule.
And when you bet on an NFL game to result in a tie, which is the outcome of the game, you will win your bet.
However, if you bet on either side to win the game and it ends in a tie, then your bet will be graded as unsuccessful.
With NFL regular season games, overtime will always be included in the result unless noted otherwise.
However, NFL postseason markets will vary since those games can not end in a tie and must produce an outright winner.
3-way moneylines in the playoffs will be graded at the end of regulation time.
What Does – / + Mean In Moneyline?
The -/+ symbols in sports betting will represent two different things.
While they will show which side is the betting favorite and which side is the underdog, these signs will also represent the market prices for each market as well.
Minus odds are attached to the favorite, while plus odds are given to the underdog.
Here you will find an example of how these symbols and odds work using the Commanders-Jets example from above:
- Washington Commanders (-195) at New York Jets (+165)
If you bet $100 on the Commanders, you will get a $151.28 return if you win your bet.
If you bet that same amount on the Jets, your return will be $265 if they win the game.
What Does No Juice Mean In Moneyline?
When you see the term juice in sports betting, it is just another name for vig.
These terms illustrate the amount of money a sportsbook takes on every bet they receive action for. This is also referred to as the house advantage.
The most common reason you will see a no-juice moneyline is if the bookmakers think both sides of a bet have an equal chance at winning.
You may also see a no juice moneyline as a part of a promo or odds boost at your favorite sportsbook.
You can find these specials on the PointsBet promotions page.
No-juice moneylines will look like this:
- Seattle Seahawks (+100) at Chicago Bears (+100)
When you bet on no juice moneylines, you will receive an even money payout if your bet is graded as a winner. So a $100 bet will grant you a $200 payout.
Does Moneyline Include Overtime Play?
Yes. Unless otherwise disclosed at the time you place your bet, your 2-way moneyline wager will include overtime for NFL regular season markets.
However, 3-way NFL moneyline markets are different. Since an NFL postseason game can not end in a tie, these bets will not include overtime.
Instead, they will be graded at the end of the regulation play.
What Happens To Moneyline When NFL Game Ties?
When a regular season NFL game ends in a tie, the push rule will come into effect, and your stake will be returned with 2-way moneyline markets.
With 3-way markets, the rules are different.
When you bet on a 3-way moneyline, your bet will be graded as a winner if you placed your wager on the tie option, and the game ultimately results in a tie.
However, if you placed your bet on either team to win and the game ends in a tie, then your bet will be graded as a loss.
Moneyline Betting Rules At PointsBet Sportsbook
The rules of NFL moneyline betting at PointsBet Sportsbook are easy to wrap your head around.
All you need to do is pick the team you think will win the game straight up, and if they do, you will cash a winning NFL moneyline betting ticket.
With 2-way markets, overtime will be included in the result, while the push rule will come into play if needed unless otherwise noted at the time you place your bet.
Moneyline calculators may be used in three different ways.
First, you can use it to figure out each team’s implied probability of winning using the odds set by the bookmaker.
You can also use these odds to determine your potential payout on a bet.
Lastly, depending on your preference, you can also use a moneyline calculator to alter the odds format from American to decimal or fractional.
NFL Moneyline Betting Strategy
If you want to be a more profitable sports bettor in the long run, then it would be in your best interest to deploy vigorous betting strategies to give yourself an edge.
Below, you will find successful betting strategies to help you beat the books.
The best way to find value in sports betting is by line shopping.
When you are line shopping, you are looking for the best price on a particular market at competitive sportsbooks.
When you find a great discrepancy, you can expand your bankroll while ceasing to leave any money on the table if your bet hits.
Line shopping will also expose you to new sportsbooks and their generous welcome bonuses, which also can be used to pad your bankroll if you maximize them.
Shy Away From Betting On Big Underdogs
While it is enticing to bet on a big underdog that you think can win a game, keep in mind that there is a reason why they are, in fact, the underdog.
They are the inferior team. And while anything can happen in sports, I would not bet on that narrative alone.
Betting on the big underdog could get you a larger payout, but if you are not lucky and hit a cold streak, these wagers will deteriorate your bankroll over time.
Make smaller unit bets if you want some action on these dogs.
Don’t go overboard.
Follow Line Movements
There are numerous factors that will trigger a line to move.
Whether we are talking about recent news, trends, public betting, or player injuries and suspensions, these tidbits may cause line movements, which will create value if you are fast and reactive.
Line movements could also change the way you bet on a particular market. So keep your eyes and mind open before placing your next wager.
Read our in-depth guide for more tips on how to bet NFL games on PointsBet Sportsbook.