People have been placing moneyline wagers since there have been sporting events to bet on.
Moneyline wagering, or betting on which team/athlete will win a particular game or match, is one of the easiest and most popular ways to bet, and FOX Bet is one of the most popular options for moneyline wagers.
FOX Bet is the online sports-betting arm of the FOX Sports empire, which established the book in 2018 in a joint effort with the Stars Group. FOX Bet may only be available in five states but has moneyline-betting options from around the globe every day.
How to Bet Moneylines on FOX Bet
Step 1: Create an Account or Sign In
If you don’t have a FOX Bet account, you’ll need to sign up for one. Click through our special custom link on our FOX Bet full review page to take advantage of the best offer the sportsbook has. Remember all sensitive information is secure and only used to affirm your identity.
Step 2: Deposit
Put money into your account. Remember, the method with which you deposit is likely the one you’ll need to use to withdraw, and credit-card transactions typically come with a cash-advance fee. Plus, withdrawing via credit card isn’t an option.
Step 3: Find Your Preferred Bet
Peruse the various moneyline options and determine which one you wish to wager.
Step 4: Place Your Bet
Tap the bet you wish to make. Enter the amount you wish to wager. Press place bet and root for your bet to win!
What Does Moneyline Mean on FOX Bet?
A moneyline wager is a fancy way of betting on which team will win a game or match. Sportsbooks assign, for example, NFL odds for every team in every game every day, and bettors get paid out if the team they wager on wins, no matter the margin of victory.
For instance, if you’re a Miami Dolphins fan and your team is playing the New England Patriots, you could wager on Miami to win with -120 odds. If the Dolphins win, a $120 wager would cash in $100 in profit. If the Patriots won, at +100 odds, they would pay out the entire stake in profit plus the initial stake back.
If you’re more of an NBA bettor, maybe you’d place a -110 moneyline wager on the Los Angeles Lakers to defeat the intracity rival Clippers in a regular-season game at Crypto.com Arena. If the Lakers won you would get paid about $0.91 in profit for every $1 wagered. If you thought the Clippers would win, and bet them moneyline, you’d make about the same profit
FOX Bet Moneyline Rules
Moneyline wagers are the most simple wagers. If you place a moneyline wager, and the team you bet wins, so do you, no matter the final margin of victory. The team you bet could win by 1 or 55. If you bet it to win a moneyline bet, you’re a winner.
Still, there are ways a moneyline bet can be voided. For instance:
- Push: People may not realize it, but NFL games can end in a tie, which means if the team you bet on to win finishes in a draw, your bet is voided and your original stake is returned.
- Soccer: Typically soccer matches are three-way wagers, where a bettor wagers on one team to win or for the outcome to finish as a draw. However, if a bettor places a two-way wager, typically referred to as a “draw, no bet" wager, and the game ends in a tie, that bet is a push too.
Moneyline vs Spread
The difference between a moneyline bet and a spread bet can seem negligible, but sometimes the ramifications can be huge. A moneyline bettor is simply wagering on a team to win. A spread bet is when a bettor wagers on a team to either win or lose by a certain number of points.
Spread bets can be more lucrative, since wagering a team to win by more than one point carries inherent risk since coaches generally play to win instead of playing to cover, and thus carry longer odds especially when betting a favorite. But moneyline bets are safer and easier to comprehend.
We generally don’t recommend placing a wager of -150 or shorter, since the payout isn’t worth the risk, unless it is a parlay leg. But spread betting is hard, especially in a sport like football where anything can happen on any given Sunday.
Underdog vs Favorite
When betting a moneyline, the favorite always will have minus-money (-115, -140, -200, etc.,), and those wagers are always the amount it will cost you as a bettor to make $100 in profit.
Underdogs are almost always the team with the plus sign next to their odds, though there are rare occasions where an underdog will also have a minus on their moneyline odds. Bettors who wager on underdogs to win with plus-money odds are wagering on that number as profit in a $100 bet, meaning a +150 moneyline bet will fetch you $150 in profit on a $100 wager or $15 in profit on a $10 bet and so on.
If both teams have -110 or -115 as their odds, that is a pick ’em game, and the sportsbook is telling you the game is a toss-up. If both teams have minus-money odds that are different, -115/-105 or -118/-102, the favorite is the team with the higher number and the underdog is the team with the number closest to 100.
FOX Bet NFL Moneylines
FOX Sports is a rightsholder for NFL broadcast, which makes it a great option for moneyline betting on pro-football games. FOX Bet offers boosted props and parlays, as well as wagers that are backed by FOX’s most well-known talent.
FOX Bet has a great search option for bettors interested in shopping odds of a specific length then also boosts moneyline wagers for pro-football games.
Super Bowl
FOX Bet is a good option for Super Bowl betting, including moneyline, because it offers competitive odds and boosted betting markets for the big game. Consult the FOX bet app to see the full assortment of Super Bowl odds, including futures for which team will win the big game or which teams will represent their respective conferences in the Super Bowl each February.
Moneyline Bet Strategies
Do your homework. Figuring out a strategy for which game to bet and when can be a science. Fortunately, we at The Game Day produce analysis on moneyline bets for just about every game every day.
Consult injury reports before placing your moneyline bets. If something looks or smells off with the odds, dig into the research to determine why the odds are what they are.
My favorite strategy, especially for NBA betting, is to focus on plus-money home underdogs, especially in matchups that seem to not make sense. Home teams generally fare better in basketball games, and some sportsbook options entice bettors with favorable odds.
Moneyline Betting for Beginners
Start small. Place a small amount on a game where you have either a strong opinion about or strong rooting interest in and see how it plays out. The simple part about moneyline betting is it pays out if the team you bet on wins by any amount.
Mastering moneyline betting is simple, even if determining a team to win can be difficult, but it’s a great place to start when learning the ropes of online sports betting since most sports fans have an opinion about which team will win most games.
How to Calculate Moneyline Odds?
As stated above, moneyline odds are in relation to $100 wagers, which makes them relatively easy to calculate. Plus-money bets are the amount of profit gleaned from a wager of that amount, which means you multiply the amount you wish to bet by the odds (1.7 for +170 odds, 2.1 at +210, etc.,) to figure out the profit.
Minus money bets, a bettor should divide the odds by 100 (100/200 for a -200 bet, 100/150 for a -150 wager, etc.,) then multiply the stake you wish to wager to determine the amount of profit.
Fortunately, FOX Bet, like most online sportsbooks, has a helpful calculator tool that lets bettors know exactly what their total payout is, profit +stake, before they place their wagers.
Why Are Moneylines a Good Bet?
Because they are easy and fun. All you need to do is figure out which team you think will win a game, bet it and root for the team you bet on to win.
Can Moneylines Be a Bad Bet?
The only way a moneyline bet can be bad is if you lose, which does unfortunately happen. Favorites of all stakes have been known to lose outright, and given the fact you need to wager more in order to win more in profits — a -200 bet requires a $50 bet to win $20 in profit — it can be a tough way to lose most of your money for a not-great return.
What Sports Are Available for Moneylines?
Any sport where there are games or matches that have a winner and loser. All the major team sports offer moneyline bets, including soccer which as stated above lets bettors gamble on three-way wagers of each team to win and for the outcome to be a draw.
Is There Bet Insurance on Moneylines?
Sometimes, but usually only if you are either a.) placing your initial second-chance bet or b.) placing a moneyline wager as a parlay leg. FOX Bet will reimburse those wagers sometimes when they are unsuccessful.
