FanDuel Sportsbook has become the most popular operator in the country because of its accessible platform that features a robust selection of bet types.
One of the types of wagers available is moneyline, where you simply choose the winner of a match or select an outcome within an event. This is great for the NFL, which is full of action with no shortage of options for your betting needs.
In this article, you’ll find an in-depth overview of everything you need to know about moneylines at FanDuel.
How to Bet Moneylines on FanDuel
Placing a wager on moneylines at FanDuel Sportsbook is simple, just follow the directions outlined below.
Step 1: Create an Account or Sign In
Existing users can sign in to their account by typing in their username and password. Before signing up, click on the Get Bonus button above to unlock the best available welcome offer, and then fill out the prompts, including name, address, e-mail, and more. Wait for a confirmation e-mail and then you’re ready to deposit money into your account.
Step 2: Deposit Money
Click “Add Funds,” which is located right next to your account information on the top-right of the page. Select your preferred payment from multiple options such as credit/debit card, PayPal, and more. Type in the amount of money that you want to deposit into your balance. You will see your funds appear in the account right away.
Before you join and deposit, get the FanDuel No Sweat Bet promo. If your wager loses, you will get 100% of it back in free bets, up to $1,000.
Step 3: Choose Your Bet
Pick your sport by selecting the icons found at the top of the screen. You may also click “All Sports” at the bottom. Next, pick the moneyline that you want. The full game moneyline will be displayed on this page, but if you want to choose one for part of the game, click “All Wagers.”
Step 4: Add to Bet Slip
You can now add your selection to your bet slip by clicking on it. Next, you’ll type in the amount of money you want to risk and you’ll see your payout based on the odds of the moneyline. Once this is done, select “Place Bet.”
Step 5: Straight Bet or Parlay?
Last, you can decide if you want to make a straight bet or shoot for a higher payout with a parlay. For the first option, simply click “Place Bet.” If you want a parlay, go back to the sport’s page and select another moneyline wager. This will add it to your bet slip and create a parlay. You’ll also see it appear as two separate wagers.
What Does Moneyline Mean on FanDuel?
Moneyline is the most straightforward wager available in the sports betting industry. Your selection just needs to occur for you to win.
Let’s take a look at an example, using MLB:
The Yankees are -350 on the moneyline against the Reds. This means that they are heavy favorites. If you take New York, you just need them to win the same. The -350 is American odds that tell you how much you have to stake on a $100 bet. In this case, to win $100, you have to stake $350.
On the other hand, the Reds are +280 underdogs in this game. If you put $100 on them to win, it would pay $280.
The moneyline is based on implied probability. If a team has -110 odds, that means they have about a 50-52% chance of winning the game. In this case, the Yankees have a 77.8 percent probability, while the Reds have 26.3%.
FanDuel Moneyline Rules
There are some rules to consider with moneylines, such as the following:
- Postponed games (i.e. rain delays) result in voided bets
- You will see a cashout icon to indicate that the event has this feature enabled.
- Overtime does not count for fourth quarter wagers
- Baseball games that are called after fewer than nine innings (due to rain) will be void. If this happens when your team is up by several runs, you may speak to an agent to see if they’ll award you with a win.
Moneyline vs Spread
Moneyline only requires you to pick the winning team, while point spread wagers also involve a match handicap.
Let’s explore the differences in an NBA example:
Knicks -200 vs Hornets +170
If I took the Knicks here, I would risk $200 to win $100. Betting on the Hornets would pay $170 on a $100 wager. I just need my chosen team to win the game, as the winning margin does not matter.
Knicks -3.5 -110 vs Hornets +3.5 -110
On the other hand, if I took the Knicks on the spread, they would need to win by four or more. If I selected the Hornets, they can win outright or lose by three or fewer.
Underdog vs Favorite
You can identify the underdog and favorite in moneyline bets by looking for a plus or minus side. The underdog has plus odds and the favorite is minus.
Bucks -300 vs Hornets +280
I know that the Bucks are favored because I see the minus sign, while the Hornets have plus odds, so they are the underdog.
FanDuel NFL Moneylines
The best way to approach NFL moneylines is to focus on underdogs. This is because favorites have expensive odds, making them too risky to take outright on the moneyline. NFL is as unpredictable as any league, so you’ll find that betting on moneyline NFL odds can be a profitable approach.
Stick to full-game moneylines because it’s difficult to predict which team will win a half or quarter. Another idea would be to attack the live-betting market, waiting for a big favorite to trail early on in the game. Their odds would likely move to a more favorable number, giving you a chance to capitalize on the added value.
As with the regular season, it’s the same for the Super Bowl – stick to full-game moneylines. If your preferred team is the favorite and the odds are too expensive, I would recommend parlaying that choice with another pick to reduce your risk. Don’t lay too much juice on a straight bet.
For example, if you liked the Rams -200, I’d parlay it with the Over instead of taking it on a single bet. That would make it as a more palatable price of approximately -120 odds.
Moneyline Bet Strategies
Here are some moneyline bet strategies to be mindful of when attacking this market:
- Focus on underdogs or shorter favorites as straight bets. Upsets happen frequently, so you can find value this way. You also don’t want to be laying too much juice in a single wager because that’s too risky.
- If you like a few heavy favorites, throw them in a parlay to reduce your risk. This brings down the juice, so you won’t have to stake double or triple your winnings if it were on a single wager.
- Consider a team’s recent performance to see how they’re playing coming into the match.
- Think about the head-to-head matchup to see if there’s an area for a team to exploit, such as a mediocre pitcher in MLB or a bad rush defense in NFL.
- Check a team’s home-away record, as some teams perform much better in their friendly confines.
Moneyline Betting for Beginners
Here are a few tips to consider when betting moneyline.
If you’re new to spread betting, here are a few tips:
- Focus on underdogs for straight bets because they pay more
- Parlay your heavy favorites to reduce your risk
- Research your pick, considering line movement, injuries, matchup, home-away records, and recent performance
- Practice money management, never risking too much of your bankroll on a single wager. Spread your units around.
- Search different betting sites to find the best line, as this will help you save money in the long run.
How to Calculate Moneyline Odds?
Moneyline odds can be shown in American, Decimal, and Fractional style. You’ll be able to toggle these options on FanDuel Sportsbook. Here’s what they mean:
This is related to $100 and is shown in three-digit numbers as minus or positive. If they are minus odds, divide the number by 100 and divide it again by your stake. Let’s say your betting $100 on a -150 moneyline. 150 divided by 100 equals 1.5, then 100 divided by 1.5 is $66.67, which is your winnings.
If there are plus odds, you can divide the number by 100 and multiply it by your stake. Let’s say the odds are +120. I divide that by 100 to get 1.2, multiply it by 100 to get $120, which is my payout.
These odds are shown as decimals. Think of them in relation to $1. Subtract the decimal from 1 and multiply that by your stake to find your profit.
For example, 1.91 odds mean that you’d get back $1.91 on a $1 wager. The $1 is your stake and the $0.91 is your profit. If you bet $100 on these odds, multiply 100 by 0.91 to find that your profit is $91.
This is displayed as a fraction. There are two ways to calculate:
Denominator of 1: 5/1 odds
Multiply the numerator (left number) by your stake (ex. $100) to get your payout (100 x 5 = 500).
Denominator other than 1: 7/2 odds
Divide the numerator (left number) by the denominator (right number). Multiply the result (3.5) by your stake (ex. $100) to get your potential winnings (100 x 3.5 = $350).
Moneyline odds can vary, as there is a wide range of potential outcomes here.
Why Are Moneylines a Good Bet?
Moneylines can be a good bet for the following reasons:
- You can find value by hitting on an underdog
- You simply need your team to win, regardless of winning margin
- Parlay a bunch of heavy favorites to reduce your risk while still taking a team that is expected to win
Can Moneylines Be a Bad Bet?
There are also some cons to moneylines, such as:
- It’s difficult to use heavy favorites in a straight bet because the juice is so high, making it risky
- It can be challenging to pick out an underdog with a high moneyline
- It’s also difficult to pick winners, sometimes player props are easier
What Sports Are Available for Moneylines?
Since moneyline is the most popular bet type, you’ll find in available for a number of sports, such as:
Is There Bet Insurance on Moneylines?
FanDuel has a Parlay Insurance promo, which can be used on moneyline wagers. Simply make a five-team or greater parlay. If it loses by one, you’ll get up to $25 back in site credit. Make sure that each leg has a minimum odds of -200.