This is another example of the odds being affected by the conditions pre-game. Thus, it led to the team being the underdog. On the other hand, the Bengals were the obvious underdogs since their QB Joe Burrow was in an uncertain position so that greatly affected their probabilities of winning, too. In this game, the Dolphins became the outright and obvious favorite after they beat the Atlanta Falcons in what was the highest-scoring output for any pre-season game to date. Always remember that the ods by the bookies can easily change due to the number of bets coming in on either side of the game. This is a perfect example of why you should not always bet on the favorites. In this example, the underdog is could be considered the better team in terms of actual stats and probabilities, but the majority of the bets still went to Cleveland tilting the odds for Tennessee to become the underdogs. Here are some examples of NFL moneyline scenarios and a little something about how the odds came to be: Cleveland -245 / Tennessee +210 ![]() Our total profit from betting $50 at +280 would be $140. So for a bet of $50 at +280, we get this: This time you divide your odds number by 100, then multiply the result by the size of your bet. If you're betting on the underdog you do it slightly differently. Our total profit from betting $50 at -400 would be $12.50 If you're betting on the favorite, you should divide 100 by your odds number, then multiply the result by the size of your bet For example for a bet of $50 at -400 we get this: ![]() Say the game we're looking at has the odds at -400 for the favorite and +280 for the underdog, how would we calculate our returns if we bet either side? As we've established the odds of the favorite will have a minus sign in front of them and the odds of the underdog will have a plus sign in front of them. When making a moneyline bet you have two options, either bet on the favorite or the underdog. However, if a draw happened in a game where the bookies offered a "draw" bet, the player loses their bets if they did not bet on a draw-no opportunities for a refund.Ī short description of NFL moneyline betting Calculate NFL Moneyline Bet Payout If they wagered $100 for either side, they get their full $100 back. In the case of a draw, where there is no "draw" option on the odds, the bet has declared push - the amount staked is refunded in full. If you bet $100 on an underdog with an odds of +350, and you won the bet, then you will receive a total payout of $450 - the $100 staked plus the $350 profit. So how would you know how much you can profit from a moneyline bet? For that, you have to look at the moneyline odds. They are not necessarily worse or bad players, only that they are not favored by the public or bookies. On the other hand, the underdogs are usually the teams that are less popular and are perceived to have lesser chances of winning. ![]() However, a word of caution for newbies, the favorites do not always win! Popularity does not always translate to victory, so don't assume that a team will always win if they're a favorite. These are the teams that bookies expect to have the majority of the bets so they alter their odds accordingly. The favorites are usually the team that is more favored by the public to win the game. As it is a US-centric sport, most bookies use the American Odds format so the favorites are labeled with a minus sign (-) while the underdogs are labeled with a plus sign (+). Moneyline odds label the teams in two categories, the favorites, and the underdogs. This is the type of wager you can find in any US online gambling real money site.īetting moneyline means you will encounter moneyline odds. If you win the bet, you get your money back plus the profit according to the odds. NFL Moneyline Bets ExplainedĪn NFL moneyline bet is simply an outright bet on who will win the match - no special conditions, no point spread, no other gimmicks. NFL betting is also a big thing and for beginners, there is no easier place to start than with an NFL moneyline bet. Even those who are not into sports are hooked on its action. Its major finale, The Super Bowl, is watched live by millions of Americans and millions more across the world. The NFL is a huge deal in the United States.
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