For avid sports gamblers, betting on the NFL offers an unparalleled depth and complexity compared to other major sports. With countless teams, players, and passionate fans, the NFL dominates the world of sports gambling. While its popularity brings forth a plethora of betting options and resources to analyze teams and players, it also means that oddsmakers excel at setting NFL betting odds and lines. This is precisely why mastering the art of betting on NFL football is crucial for success in the realm of sports gambling.
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How do NFL betting odds work?
In order to understand the process of placing bets on NFL games at top betting sites, let’s delve into a practical example. We’ll be focusing on the match featuring the Kansas City Chiefs and the Denver Broncos. Taking an in-depth look at the primary NFL betting odds market, known as the moneyline, we aim to provide you with valuable insights and guidance.
The moneyline in this example states that the Chiefs are big favourites to win, with their lower decimal odds of 1.18. Our NFL betting calculator below will show you that a winning bet of €100 means you profit €18 plus your original bet back.
If you bet on the Broncos, who are the underdogs with odds of 5.40, a €100 could see you win a profit of €440. Play around with our NFL odds calculator below to work out other betting markets, and you can change them to your odds preference.
Is it legal to bet on NFL?
If you’re unsure about whether it’s legal to bet on sports outside of Nevada, don’t worry! The answer actually depends on the state you live in. Currently, sports betting is fully regulated and licensed only in a few states. But here’s the good news: more and more states are starting to embrace the idea of legalizing sports gambling. Let’s take a closer look at why this is happening.
In 1992, the US government put into effect the Professional and Amateur Sports Protection Act (PASPA), which essentially banned sports gambling in most states, with a few exceptions like Nevada, where betting on individual games has always been allowed.
Fast forward to May 2018, when the Supreme Court made a groundbreaking decision by overturning the ban on sports gambling. This resulted in New Jersey successfully appealing to reverse the PASPA ruling and establish its own laws for sports betting. Following New Jersey’s lead, states such as Illinois, Tennessee, Indiana, Colorado, Pennsylvania, Iowa, and West Virginia are actively working on legislation to legalize sports gambling. And this is just the beginning.
To sum it up, thanks to the Supreme Court’s ruling, sports gambling is gradually becoming more and more legal across the United States. As time goes on, we can expect a significant shift in how America embraces sports betting and how it is presented to the general public. The future looks bright for enthusiasts of this thrilling form of entertainment.
NFL Moneyline Betting
Money line bets in the NFL are an excellent choice for beginners looking to dip their toes into the world of NFL betting. The concept is simple: select the team you believe will win a specific game, and if they come out on top, you’ll be rewarded. In the event of a tie, you’ll receive your money back. It’s important to note that in most games, there is a clear favorite and an underdog. The odds provided by the casino will reflect this, with the underdog offering higher payouts due to their lower chances of winning. Whether you’re backing the favorite or taking a risk on the underdog, money line bets offer an exciting way to get in on the action.
Odds represent the payouts for a bet. The underdog typically has longer odds (resulting in a higher payout) because they are less likely to win, while the favorite has shorter odds (resulting in a lower payout) because they are more likely to win.
Placing a money line bet on a significant favorite is unlikely to yield substantial profits. On the other hand, a successful money line bet on a significant underdog can lead to a significant payday.
Moneyline bets are displayed using American odds, which may seem confusing at first. However, it’s actually quite straightforward. Here’s an example of how a typical money line bet is advertised by a sportsbook:
Kansas City Chiefs -150
NY Jets +130
When reading American odds for an NFL money line bet, it’s essential to remember the following:
- The minus sign indicates the favorite team.
- The plus sign indicates the underdog team.
- The minus sign indicates the amount you need to bet to win $100 in profit.
- The plus sign indicates the profit you will win if you bet $100.
It’s important to note that you can bet any amount you want, and the casino will apply the odds ratio to your bet. The use of $100 is simply a representation to make it easier to understand. Most online sportsbooks allow you to enter the amount you wish to bet and will then show you the corresponding payout based on the odds.
NFL Point Spread Betting
When it comes to NFL point spread betting, you’re essentially placing a bet on a team to either win by a certain margin (if they’re the favorite) or to lose by less than a certain margin (if they’re the underdog).
For example, if the point spread is listed as -4.5, it means that the favorite team needs to win by 5 or more points in order for your bet to be successful. On the other hand, if the underdog has a point spread of +4.5, they can lose by 4 or less points and still cover the spread, resulting in a winning ticket for you.
Another way to understand point spreads is to look at the final score of the game and subtract the negative number from the favorite team’s score. If they still have more points than the opposing team, they have successfully covered the spread. For instance, if a team is listed at -3.5 points and they win the game 30-27, you subtract 3.5 from their score (30 – 3.5 = 26.5). Since 26.5 is less than 27, they failed to cover the spread and point-spread bets on that team would lose.
On the flip side, if the favorite team has a point spread of -3.5, the underdog will have a point spread of +3.5. In order for the underdog to cover the point spread, they need to lose by less than 4 points or win the game outright.
In the rare event that both teams are given equal odds at the start of a game, it will be listed as EVEN or PICK.
It’s important to keep in mind that sportsbooks aim to attract equal action on both sides of the wager from the general public. By doing so, they charge a commission on all bets and ensure a profit regardless of which team wins the game.
Point spreads are a strategic way for casinos and sportsbooks to make both sides of a bet equally appealing to gamblers.
NFL Totals and Over/Under Betting
In the world of football betting, there’s more than just picking a team to win or covering a point spread. You can also place wagers on the total points scored in a game, and this type of betting is known as totals betting or Over/Under betting.
Let’s break down how totals bets work with an example:
Imagine you’re getting ready to watch the Monday night game, and the sportsbook sets the Over/Under line at 47.5 points. Now, it’s up to you to decide whether you think the combined total points scored by both teams will be more or less than 47.5.
If you believe the final score will be 48 or higher, then you should bet on the Over. On the other hand, if you think it will be 47 or lower, you should go for the Under. It doesn’t matter if it’s a nail-biting close game or a one-sided blowout; what matters is whether the total points scored exceed or fall below the line.
Totals bets are not limited to the full game; you can also place them on the first quarter or the first half of the game. For instance, in the same Monday night game, you might find a first-quarter Over/Under line of 10.5 and a halftime Over/Under line of 23.5.
Additionally, you have the option to bet on each team’s individual full game point total. The sportsbook might offer lines like 27.5 for the favorite team and 20.5 for the underdog. These lines give you an idea of what the bookmakers predict the final score will be and are aligned with the game’s point spread, ultimately contributing to the overall Over/Under line for the game.
So, when it comes to NFL totals and Over/Under betting, don’t limit yourself to just picking a winner or covering a point spread. Dive into the excitement of predicting the total points scored and enjoy a different dimension of football betting.
NFL Prop Betting
Prop betting, short for Proposition betting, offers a thrilling and unique way to wager on NFL games. With prop bets, sportsbooks present a variety of side bets that can be placed on specific game scenarios, individual players, or even future outcomes. This type of betting is gaining popularity, particularly with the rise of online sports gambling.
While prop bets are available throughout the regular season, the pinnacle of prop betting excitement lies in the Super Bowl. During this grand event, you can place bets on a multitude of outcomes that often have little to do with the actual game itself. Super Bowl props allow you to wager on things like the color of a team’s Gatorade or the duration of the National anthem performance.
In regular season games, prop bets usually revolve around star players’ in-game performances or predictions about scoring occurrences. For example, you may find bets on whether either team will score in the final 2 minutes of the first half or how the first points of the game will be scored (touchdown, field goal, or safety).
Before diving into prop betting, it’s wise to explore all the available options and compare the odds presented. Keep in mind that longer shot wagers can be tempting, but they may not always be the best choice. It’s important to consider the potential risks and rewards before placing your bets.
In summary, prop betting adds an extra layer of excitement to NFL games, allowing you to wager on unique and unexpected outcomes. So, explore the wide range of prop bets available and enjoy a different dimension of football betting.
NFL Parlay Betting: Taking Your Wagers to the Next Level
When it comes to NFL betting, parlay bets offer a whole new level of excitement. By combining two or more outcomes into one ticket, you have the opportunity to win big. However, there’s a catch – you must get every part of the bet correct in order to win.
The allure of parlay betting lies in the potential payouts. The more bets you include in your parlay, the greater your potential payout becomes. However, with the increased payout comes increased risk. Since you must get every part of the parlay correct, it’s more of a longshot.
To understand how parlay betting works, let’s consider a simple example. Imagine the Philadelphia Eagles are listed as -4.5 favorites over the Los Angeles Rams for the point spread, and the total game Over/Under line is set at 47.5. You could create a parlay ticket that includes the Eagles covering the spread and the Over on the totals bet. This means you’re betting that the Eagles will win by more than 4.5 points and the total combined score will be higher than 47.5.
Of course, you’re not limited to just one combination. You can bet on all the different combinations of outcomes, depending on your predictions and preferences. The payout for a two-bet parlay with standard odds of -110 is 2.6226 times your wager.
As you become more experienced with parlay betting, you’ll quickly learn that some wagers are correlated and cannot be included in a parlay. This is because sportsbooks don’t allow you to bet on two outcomes that are closely connected. For example, you cannot parlay the halftime and fulltime point-spread for the same team, whether they’re the favorite or the underdog.
Statistically, in the NFL, if a favorite team covers the spread at halftime, they will cover the full game spread 73.3% of the time. Similarly, if an underdog covers at halftime, they will also cover the full game spread 76.7% of the time. This knowledge gives you a massive edge when it comes to analyzing potential parlay bets.
So, if you’re ready to take your NFL betting to the next level, consider trying out parlay bets. Just remember, the more outcomes you include, the higher the potential payout, but also the higher the risk. It’s all about finding the right balance and making strategic choices.
NFL Futures Betting
NFL futures betting is an exhilarating form of betting where you place your wager on an outcome that will occur at a later date. These bets can be based on the performance of teams or individual players.
While futures bets do require patience, they have the potential for significant payouts if you accurately predict the outcome. However, it’s important to keep in mind that the odds of predicting futures bets correctly are typically lower.
One critical factor to consider when making long-term futures bets is the health and condition of players or teams throughout the season. Injuries or other unforeseen circumstances can have a significant impact on the final result.
Many people enjoy placing futures bets at the start of the season, especially on their favorite team winning the Super Bowl. While this may not be the most probable outcome, it adds an extra level of excitement and offers the chance for a massive payday if it becomes a reality.
Stefan Jonsson profile on ArtStation.