Each week we will take a look at a few NFL moneylines to give you an idea on how much value there is in betting the moneyline for our favorite games. Betting moneylines isn't exactly hard but what is hard is finding value in the pick. Our NFL moneyline model balances not only the correct pick but how much value there is in that pick. Keep reading below to see some of our favorite moneyline picks for this week:
At BetQL we are all about getting you the best information, data, and picks as fast as possible which is why our moneyline picks are released the second the lines come out on Sunday night. If the sportsbook has a odds, lines, and a point spread our moneyline model has a pick ready. Our moneyline picks may come out as the line is released but they update throughout the week to provide you the best value. If big injury news is released or a line changes drastically our moneyline model takes that into account and the star ratings for those games will update. If you like to place your moneyline bets early in the week or Sunday afternoon right before kick off BetQL has you covered.
NFL Money Line betting is the simplest and a popular form of betting. With NFL money line betting you are simply picking which team will outright win the game. The moneyline odds will list the the favorite in a given game as a negative number (ie. -200) that means you will have to bet that amount to win $100. The underdog will be listed as a positive number (ie. +500) that means you will win that amount on a $100 bet. Since moneyline betting is just picking the winner bets can not push because the game can not end in a tie. NFL moneyline odds typically range from -110, which would be considered a small favorite all the way up to -600, which would be considered a massive favorite.
If you are betting on moneylines this season then you have to take advantage of a sportsbook sign up bonus from a book near you. Legal sportsbooks in your area are offering free bets, deposit bonuses, and free money to create a new account. Check them out and start winning more bets with BetQL.
Example: Chicago Bears (+300) vs. Green Bay Packers (-500)
This is fairly simple to understand once you know what the numbers mean in money line betting. In this instance, the Packers are -500 favorites and the Bears are +300 underdogs. What this simply means is that in order to win $100, you must bet $500 dollars on the Packers. The amounts do not have to be this small or large either, as it would mean the same thing with any amount. An $50 wager would win you $10, while an $5000 dollar wager would win you $1000, and so on. This extra price you have to pay is called “vigor” or “juice” on a line. Think of it like a tax you are having to pay the books to place your bet.
You will see a “plus-money” line next to the Bears as underdogs. It will simply have a “+” instead of a “-“ in front of the number. Let’s say the number is +300. What this means is that if you bet $100 on this line, you would win $300. So, you are not having to pay a tax at all, and instead, you are getting a much higher payout. Lines like these are always on a bet that is more unlikely to win, so you will have to be okay with the risk that involves being in the unfavorable situation. The larger the odds, the bigger the underdog, and the more you can win by betting them if they win.
Luckily for all of us, BetQL is here to tell us if there is any value in the lines that get released each week. If a team is favored by a -500 mark, you have to bet $500 to win $100, which means that is a huge favorite and a big risk if they lose. BetQL will let you know if the line is valuable or not.
Figuring out how money lines work in betting is not as hard as it might sound to someone who is new to the gaming industry. There are so many terms and words that any novice sports bettor probably never has heard before, or at least, never knew what any of them meant. So, let BetQL explain how betting on the money line works in the NFL. It’s pretty simple really, if the team you place a money line wager on wins, you win! An NFL money line bet just means that you are picking a team to win, throwing out any points or numbers they have to win by. The spread has no influence on winning these types of bets.
When you first subscribe to BetQL, you’ll notice that games aren’t listed in order of when they start. That’s because we automatically rank them on our best bets, so the games at the top are always the games that we think have the most value betting on. We do this for every type of bet, including money line betting. Of course, you can switch the order by start time as well, making it easier to find the game you are looking for. Home teams will always be listed at the bottom for each section, so it’s easy to figure out which squad is playing at home.
When it comes to the actual odds on money line bets, they are graded on a scale where $100 is the key figure of every wager. The teams that are the favorites to win are identified with a minus symbol (-) next to their number, while the underdogs have a plus sign (+) next to the figure beside them. When betting the favorite, the number and minus sign means that is the amount that you would have to bet to win $100. When betting the underdog, the number and plus sign mean that is the amount you will win by wagering $100. We know, this still may be a bit confusing, so let’s take a look at some examples from last year’s NFL games to get a better understanding of how the money line works.
Money lines are one of, if not the most, common type of betting. It’s where a ton of sports bettors look when they want to place their wagers every week, and here at BetQL, we know that they want to get the most information on current odds as quickly as possible. That’s why if the sportsbooks post them, we do to, and immediately as they come out. Using BetQL, you will know the opening line as soon as it is released, and have our best bet on that line right away. No more waiting on experts to give their picks after doing hours and hours of research, and by then, you may get the worst of the number.
BetQL uses computer models to crunch the numbers and data in a fraction of the time it would take a human. Humans also have biases, whether we like to admit them or not, whereas a computer doesn’t have that factored into its handicapping. And don’t worry, if the lines change at the sportsbook, they change on BetQL. Our bet changes with the current line too, so no matter when you use us to get your best bets and information, our model has the best bet at the current number. Remember, if it updates at the sportsbook, it updates on BetQL. So, stop waiting around for your picks from some handicapper who may take the entire week to come out with their picks and tail BetQL’s moneyline model. Trust BetQL to get you all the information you need fast, and start beating the books today.