Sadonna Price
Updated: Aug 8, 2023
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When it comes to betting on NFL moneylines, you will see that they are the easiest forms of sports betting.
To win your NFL moneyline bet, you must pick the side you think will win the game. And if the side you chose wins, your moneyline betting ticket will cash out.
While with points spread betting, you are betting on a side to win or lose by a predetermined number of points, you don’t need to worry about that with NFL moneylines.
Instead, these are straight-up wagers. So whether the side you bet on wins by 1 or 100, your ticket will cash either way.
This guide will be centered around NFL moneyline betting at FOX Bet Sportsbook.
Since all sportsbooks have different rules, knowing how FOX Bet grades its NFL moneyline wag is imperative to your long-term betting success.
This way, there is no confusion when you place your next bet.
How To Bet Moneyline On FOX Bet Sportsbook
You cannot place any wager without first signing up for a new FOX Bet account.
There are two ways to do so while taking advantage of FOX Bet’s new user sign-up offer.
Below, I will review the process so you know what to do ahead of time.
The first thing you need to do to sign up for a new account at FOX Bet is to visit their website or the mobile app, which you can find in both the iOS and Android app stores.
Once you get to your platform of choice, you can begin the new user registration process. While signing up, you may be asked for a promo code. You don’t need one.
Instead of using a promo code, you can also click on the “Bet Now” button on this page to activate your bonus.
When you perform this action, you will be redirected to the FOX Bet registration page while your bonus will be automatically activated.
Placing An NFL Moneyline Bet At FOX Bet
- Log in to your new FOX Bet account
- Find the NFL tab and click on it
- Now navigate to the NFL moneyline market you want to bet
- Click on it so it will appear in your bet slip
- Enter the exact amount you want to stake on this bet
- Review your bet slip and when you are ready
- Click on the “Submit Bet” button to lock in your wager
What Is A NFL Moneyline Bet?
When you bet on an NFL moneyline, you are wagering on one team to beat their opponent outright with no points spread involved.
Once the game is over, FOX Bet will grade your bet one of three ways. Win, lose, or push.
You will cash your NFL moneyline ticket if the side you bet on wins the game.
When you see an NFL moneyline market, you will see odds attached to each side. The bookmaker sets these odds according to each side’s implied probability of winning the game.
NFL moneylines atFOXBet are 2-way moneyline markets. This means you only have two betting options.
In the event of a tie, the push rule will come into play and the stake of your bet will be refunded. And unless otherwise noted, overtime will be included in the result.
Here is an example of a 2-way NFL moneyline at FOX Bet:
- Las Vegas Raiders (-325) at Jacksonville Jaguars (+270)
In the above example, the Raiders are the favorite to win since they have minus odds.
Meanwhile, the Jaguars are the underdog since they have plus odds.
What Is 3 Way Moneyline In NFL?
3-way NFL moneylines are moneyline markets with three betting options.
While you can bet on either side to win, you can also place a bet on the event to end in a tie.
Although 3-way moneylines are normally correlated with sports that commonly end in a tie like in hockey and soccer, there are also 3-way moneylines with NFL betting where ties are a rarity.
Although 2-way moneylines include a push rule in case a game ties, this is not the case with 3-way moneyline markets.
With 3-way moneylines, you will have the option to bet on the event to end in a tie. If you bet on a game to end in a tie and that is the actual outcome, then you will win your bet.
However, if you bet on either side to win and the game ends in a tie, then your betting ticket will be graded as a loss.
During the NFL regular season, overtime will be included in the result of 3-way moneylines.
However, for NFL postseason games, 3-way moneylines will be graded at the end of regulation since these games can not result in a tie. There must be a winner in the playoffs.
What Does – / + Mean In Moneyline?
When you see -/+ sigs in sports betting, they will determine two things.
While it is obvious that these signs will tell you who the favorite and the underdog is, which signifies how the oddsmakers believe the market will play out, these symbols will also reflect the market price of each side as well.
The side with the minus symbol is the favorite while the plus symbol will show you the underdog.
Here is an example of how these symbols and odds work using the Raiders-Jaguars example from earlier:
Las Vegas Raiders (-325) at Jacksonville Jaguars (+270)
If you bet $100 on the Raiders, you will get a $130.76 return if you win your bet.
If you bet that same amount on the Jaguars, your return will be $370 if they win the game.
What Does No Juice Mean In Moneyline?
You will often see the term juice in sports betting. Juice is another name for another common term, vig.
The juice is the amount that sports betting operators will take on every bet they receive an action for. This is also called the house advantage.
There are two reasons why you will find a no-juice moneyline. Sometimes, a sportsbook will feature a no-juice moneyline offer on its promotions page.
You may also find a no juice moneyline if a bookmaker believes that both sides of a market have an equal shot at winning the event.
A no-juice moneyline will look like this:
- Miami Dolphins (+100) at New York Jets (+100)
When you wager on a no juice moneyline, you will receive an even money payout if your bet wins. So a $100 bet will award you a $200 payout.
Does Moneyline Include Overtime Play?
Yes. A moneyline bet does include overtime play with 2-way moneyline markets unless otherwise noted when you place your wager.
However, this is different with 3-way moneyline markets. With 3-way markets, your bet will not include overtime for an NFL postseason game.
This is because an NFL playoff game can not end in a tie. Therefore, your 3-way postseason NFL moneyline will be graded that the end of regulation time.
What Happens To Moneyline When NFL Game Ties?
If an NFL game ends in a tie for 2-way moneyline markets, the push rule will be triggered and you will get your stake returned.
However, this differs with 3-way markets. With 3-way NFL moneylines, your bet will be graded as a win if you bet on the game to end in a tie.
However, if you bet on any side to win and the game ends in a tie, then your betting ticket will be graded as a loss.
Moneyline Betting Rules At FOX Bet Sportsbook
At FOX Bet, NFL moneyline rules are easy to comprehend.
To win your NFL moneyline bet, simply pick the team you think will win the game and if they do, your bet will be graded as a winner.
Unless stated otherwise at the time you place your bet, overtime will be included in the result as will the push rule.
Moneyline Calculator
There are three primary ways to use a moneyline calculator.
First, you can determine a team’s probability of winning based on their odds. You can also determine your potential payout using these same odds as well.
You can also use a moneyline calculator to change the odds format from American to decimal or fractional.
NFL Moneyline Betting Strategy
If you want to be a successful NFL moneyline bettor, you must go into every wager you make with a strategy.
Using a betting strategy will help you become a more profitable sports bettor in the long run. Below, you will find some of the top betting strategies you can use for NFL moneyline markets.
Search For Value
A great way to find value in sports betting is by deploying the line shopping technique.
When you are line shopping, you are shopping around for the best price on a particular market. When you do this, you are trying to find discrepancies between sportsbooks, which correlates to a larger payout.
Line shopping will also expose you to new user welcome bonuses at sportsbooks you may not be signed up for yet.
Using these bonuses is another great way to grow your bankroll and profitability.
Watch For Line Movements
You should always be aware of key factors that will drive lines to move.
Doing this will help you find value while also letting you know why the line is moving if you know what you are looking for.
Some of these factors include the latest news, injuries, suspensions, player activity, and public perception. All of these factors not only change lines but also tell you how to bet the game.
If a key player is suddenly suspended a few days before a game, you can be sure that the line will shift in the opposite direction.
And depending on how impactful a player is, you might want to change the bet you were going to initially make.
Avoid Heavy Favorites
Heavy favorites are attractive since they will most likely win. However, most likely isn’t a guaranteed winner.
Anything can happen in sports, especially in the NFL. Nothing is a lock.
So when you see the Chiefs with (-1200) odds to steamroll the Texans, refrain from placing the bet. A $100 bet would get you back $108.33.
Is risking $100 worth a net gain of $8.33? Absolutely not. Because what if the Chiefs lose?
You are better off putting the Chiefs in a parlay to lower the risk.
Read our in-depth guide for more tips on how to bet NFL games on FOX Bet Sportsbook.
Sportbook Promos
- Claim Now21+ to wager. Please Gamble Responsibly. Gambling problem? Call or Text 1-800-GAMBLER, 877-8-HOPENY or text HOPENY (467369) (NY), 800-327-5050 (MA), 800-NEXT-STEP (AZ), 800-522-4700 (KS, NV), 800-BETS-OFF (IA), 800-270-7117(MI), 877-718-5543 (NC).Offer Pending | Bet At BetMGM Sportsbook