How does one Bet on the NFL football when it’s such a physical game? Well that a good question but in reality, it’s the most popular sport in America and more people bet on the NFL than any other sport in the United States.
So let’s take a look at the various types of NFL bets that are offered at the online sports betting parlors and sites around the world. There are Points Spreads, Money Lines, Totals, Parlay & Teasers Half-Times and Futures. Check out this sports betting glossary to learn more about different types of betting.
The Point Spread is the favorite way of betting on the NFL because like many sports that the teams score a lot of points, the betting is determined from the point spread. The point spread/line is a side bet in nature that evens the chance of winning the bet. When a line is posted for a team, it is accompanies with the – or the + sign which indicated the games underdog or favorite.
Here’s an example of the point spread:
Teams – Game Time Spread – Final Score
Denver Broncos -9 (-110) 23
KC Chiefs +9 (-110) 20
Under normal circumstances the number next to the point spread is at (-110) and that is generally called the odds, vig or juice. Which is the fraction of the wager received, if the bet wins? In this case, the winning bet with Denver for $110 won $100. In the example even as Denver win the game, the Chiefs did cover the spread as they lost the game but covered the spread as they lost the game by less than the 9 point spread, and that’s an important part of sports betting, and that is to get the pest point spread/line by looking around.
Another popular NFL bet is the Money Line that can be a winner if one bets on the underdog, and is driven by the phrase “on any given Sunday.” The Money Line Bet is placed on either the Underdog or the Favorite to win straight out.
An example is from a recent NFL Season:
N. E. Patriots -500 Dallas Cowboys + 350.
In this case to win $100 on the Patriots you must bet $500, where a $100 bet on the Cowboys returns $350. In cases similar bettors, due to the high risk, may choose to risk betting a smaller amount on the Patriot’s, called fading, as many do. In this particular case the Patriots won the game as did the faders.
Most sports betting generally are on the final score of each game, but in the NFL and NBA for example, they offer in most games, Spreads/Lines for betting on the First (1st) Quarter and First (1st) Half also. The Quarter Point Spread/Line is for betting on who will be winning at the end of the 1st quarter. The 2nd half bet is similar, but the bet ends when the 1st 2 quarters of the game are finished. Normally the 1st half spread/line is 50% of the overall spread/line projected for the Game.
Then there are the Point Spread/Lines for the Halftimes. Theses bets are considered as in game bets that are completed during the Games halftime. Then the 2nd half point spread/line takes into account the score in the first half for determining how the balance of the game (2nd half) finishes. Here’s an example:
|Team||Halftime Score||Halftime Spread||Final|
|Denver Broncos||12||+3 (-110)||27|
|K.C. Chiefs||16||-3 (-110)||23|
In the spreads/lines for half times, the game basically restarts for the 2nd half a 0 to 0, thus in this example the Chiefs are anticipated to beat the Broncos by 3 points for the 2nd half of that game. A Bet on the Broncos for the 2nd half of $110 would bring a back $100 as they beat the spread and won the game. Since the bets are placed at halftime, and that leave a short period of time, normally few bets are actually placed on halftimes compared to full game bets.
Then there are the Totals also called Over/Under. The method behind the madness in this bet is you bet on whether the Total score in the game will go over of under the score predicted by the odds makers, sportsbooks or betting sites. An example would be:
|Team||Total or O/U||Final Score|
|Packers of Green Bay||43.5o (-105)||32|
|Steelers of Pittsburgh||43.5u (-115)||26|
The example shows the combined score of that Game at 58, and with the line offered at a reduced vig/juice, a bet on the over 43.5 of just $105 would win $100.
Certainly many players like Parlay and Teasers. The Parlay bets are place in conjunction with the point spread/line, money line or totals to increase one’s winnings. You only win with a Parlay bet when all your select teams win their individual games. A Teaser like a Parlay, with the exception you get points in your favor to assist you bet to becoming a winner. An example for a teaser is if the posted line for a game was -12 and you take a 6 point teaser, then you new betting line -5. Remember this may reduce your risks but you still have to win each game in your teaser, and the odds certainly would be reduced for the win amount. A lot of sportsbooks and betting sites allow players to take up to 15 picks in a parlay and if all teams in the Parlay were at -110, the payout would be 16,306.94 to 1! Then here are some examples of teams and Parlay odds.
|# Teams – Payoff # Teams – Payoff # Teams – Payoff # Teams – Payoff|
| 2 2.64/1 3 6/1 4 12.28/1 5 24.35/16 47.41/1 7 91.42/1 8 175.44/1 9 335.85/110 642.08/1 11 1225.70/1 12 2342.79/1 13 4473.51/1
14 8541.25/1 15 16306.94/1
Last but not least are Future bet and they are what they sound like, a bet placed on an event that will take place in the future whether it be soon or in an extended time period. One can imaging on a yearly basis the most popular NFL future’s bet, is who will win this year’s SuperBowl.
Normally, the next years futures odds are posted a week after the finish of the present year’s SuperBowl. If you Bet on NFL at a Sportsbook, surely you know that futures are no just limited to a win in a big game, as there are various potential futures bets on an event from who will win an event to who will be the MVP in the game.