Football season is one season people are excited about because of the thrill and entertainment that comes with the season.
Betting in the NFL is a common practice, it has become as common as watching the game itself. And if you want to be among those who bet regularly and consistently win, then it would be a good idea to follow betting odds for the NFL.
Feel free to check out some available promos from sportsbooks like FanDuel sportsbook, draft kings sportsbook, and barstool. This guide will tell you the basic things you need to know about placing betting odds on the NFL.
Types Of Bets
You can bet on the NFL through these bet types:
- Single game bets
- The money line
- Totals bet
- Multiple game bets
- Parlays
- The handicap (spread) market.
Single-Game NFL Bets
You’ll see the wagers displayed for each game: totals bets, money line bets, and point spread bets.
Betting against the spread is the best way to wager on football.
The sportsbook levels the playing field with spread. To win a point spread the favorite team has to win the game with a specific number of points. The spread helps even in an uneven game. It encourages equal betting for both teams.
The team does not have to win the game for you to win your bet, but the team shouldn’t lose more than five points.
Money Line Bets: The money line is straightforward and the easiest but least popular betting. When placing bets on the money line, you’re just picking the team that will win the game. Money line offers a poor return on investment when you bet on the favorite.
Betting Totals (over/under): The total market is about determining whether the game will go over or under a certain amount of points. When betting on the total, your focus will shift from the team that wins to how many points are scored overall.
This type of betting refers to over-under betting.
Multiple-Game NFL Bets: A player might want to bet on more than one game weekly. Parlays and teasers give room to do that. This opportunity is very profitable to people that know how to use them.
Parlays: A parlay is a bet that involves more than one event. The parlay can include a combination of total bets, money line, and point spread from games weekly, but some sportsbooks will not allow you to bet the money line and the spread in the same game.
Some sportsbooks allow countless games in a parlay, while some sportsbooks put restrictions on it.
The Handicap Market/Spread Line: The handicap bet is the type where one team has a point advantage so that both teams are close to even money.
Factors To Consider When Betting On The Spread Line
You need to carefully check out the points the teams are expected to score in a game.
Assess the factors that could affect the point and see who will cover their line.
Don’t Bet On Every Game: You don’t have to bet on every game, carefully check the games that you’re confident of and place your bets.
Bet Early: A good way to take advantage of the spread is to bet early. Pay attention to the statistics and historical data you can find. NFL players are consistent and their records are always consistent.
Bet Against The Public: As funny as it sounds, don’t pick the team that the public loves to win a game. The support of the team will push the oddsmakers to change the odds so that more money is placed on the other team.
The oddsmakers are trying to convince the people that the popular choice is not valuable and attractive so that the probability of the team beating the margin drops. Football fans can place their bets on their favorite team and enjoy the opportunities to win big on their best teams.