Nfl Betting Explained

4/7/2022by admin

NFL Spread betting Explained Spread is the number of points that one team is getting as an advantage in the game, also known as handicap. “Covering the spread” is betting on the favorite to win the match by more points than the spread.

  1. NFL public betting refers to the overall betting trends regarding a particular match up. For example, when the finalists of Super Bowl LIII were decided, many online gambling sites.
  2. NFL spread betting is probably the most common and popular way to bet on football as it adds some excitement and better odds from just picking an outright winner. If you are new to betting the NFL altogether, be sure to check out our great How to Bet on the NFL guide. Here is an example of a point spread for an NFL.

We look at the bet types and odds available to you as a bettor when making your bet on football. With so many options it can be confusing for the first time bettor, but with a small amount of effort you can soon ensure you are backing teams that will at least have the best chance of delivering you a win.

Type of bets when betting on football and NFL Odds

Nfl over under betting explained

We see many bet types and strategies applied when betting on football, we wanted to give you more detail on what we see as the best value bets for you to make as an amateur bettor.

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Betting

Spread betting

With NFL games being so high scoring NFL betting is dictated by the point spread. As an explanation of spread betting; the spread also known as ‘line’ and it can be seen as a type of side bet that equalizes the chance of winning. The spread/line that is set by the sportsbook and offered to bettors for any given game will be designated with either the – or + symbol which shows the favorite, or if the team is expected to be the underdog.

Moneyline

With team differences being so small, and the winning or losing margin being so close within the NFL games Moneyline (ML) bets can be placed on either the favorite or the underdog, with the bet intention to win. This bet suits those who think that either a team is about to break out from several previous losses, or that they are happy accepting the odds even for a favorite to win.

Quarter /1st Half Lines

As with ML (Money line bets) most bets made by bettors on football games are on the final outcome of the game, we have seen many new hybrid bet types offered particularly with in-play betting (betting live on NFL games during the game) but bets such as 1st quarter and 1st half lines have been offered for some time and are well taken up by bettors. So what is the Quarter spread bet? The quarter spread bet is used to select who will be winning at the end of the 1st quarter, with the 1st Half Line spread bet covering the first two quarters, and being decided when the 2 quarters are over.

Half time Lines

Other bets that exist and are offered by the best NFL sportsbooks are in-game bets that are placed placed DURING halftime, and its exactly what you would expect, a bet made to determine the outcome of the second half, basically betting on determining the outcome of the game.

Betting on Totals or Over-Under

Nfl Betting Lines Explained

When betting on totals or over/under you bet whether the points scored in the game (the total points scored) will be over or under a number, this number is set by the sportsbook offering the bets, this betting and the totals / under/over values are affected by the bettors making other bets, and are so determined by the betting website based on this data.

Parlays and Teaser betting

Nfl Betting Explained

Parlays are wagers placed in combination with other bets such as spread bets, moneyline bets and totals, and are there to help you increase your win. Parlay bets only become winning bets when all your individual other bets become wins. Teaser bets are based on points that help you push the win value higher when you win. As an example if the proposed bet line happens to be offered at -14 and you have a 6 point teaser points value, your new line is -8.

Futures betting on NFL

Nfl Spread Betting Explained

Futures bets are placed on an event that will occur in the future, with almost no limit to the types of bets that you can make or will be offered by the top NFL sportsbooks, most initial future bet in size of volume is superbowl winner. There will be odds on games, goals scored, most touchdowns, yards run, the list of bets offered by the best websites ensures that some really interesting bets can be had, normally with excellent or at the least very interesting odds.

With all the bets on offer, in-play- futures and more, having a great strategy and ensuring you are betting with a trusted betting website is important, check all the best NFL sportsbook reviews here

“Wait, why does this NFL team have a -235 next to its name? What’s with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!”

If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.

But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …

Football spread betting explained

Spreads

It would be really easy to bet on a game if you could put money on a heavy favorite to win.

That’s where point spreads come in. Let’s look at an example:

Philadelphia Eagles (-4.5)

New York Giants (+4.5)

In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.

Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.

If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.

Moneylines

Let’s take that same example above but use moneylines:

Philadelphia Eagles (-200)

New York Giants (+150)

The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.

The Giants are the underdogs. If they’re +150, that means you could bet $100 to win $150.

Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.

Odds

If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this:

New England Patriots — 3/1

Baltimore Ravens — 5/1

Kansas City Chiefs — 8/1

If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you’d win $150 (plus your original wager) back.

Good luck!

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