With NFL betting sites opening up for the 2010 campaign a few weeks ago, we felt it was important to go over one of the more overlooked options when wagering, the money line. Since the NFL kicked off its popularity campaign in the 1970s, most NFL betting online fans have used the point spread when watching a game. Today we want to let you know that for every 1000 point spread bettors, there are 500 money line bettors. Here is how the NFL money line works.
Firstly, the money line eliminates the point spread and uses straight odds on each game. Meaning to say, you have to win or lose your game straight up as the point spread is no longer relevant in the given wager.
It is important to keep in mind, that when using the money line bet, the underdog is a wiser choice to lay your money with. In essence, if you lay your money on a two and a half point underdog, you are not required to give the house a juice commission. Yet lay your points with a three point three favorite, and it is all but certain that you will have to give a big juice to the sportsbook.
Here is how a money line wager appears:
Minnesota Vikings +250
New Orleans Saints – 330
In this game, the Vikings are an underdog, symbolized by a plus sign. Fans betting on the Vikings are required to risk $100 in order to get back $250. What you should also know, is that if the Vikings win, you will get back your $100 in effect making $350 instead of $250.
Conversely, if you bet the Saints who are the favorite, symbolized by a minus sign, you are asked to risk $330 to get back $100.