Betting on the NFL is getting increasingly popular each season, but many people have joined in without first learning about the NFL betting odds. This is because, while discussing NFL lines has become popular in the United States, there are few publications that describe what these commentators, experts, and analysts are truly saying. There are now over a dozen states that allow legal sports betting, as well as a handful of offshore betting firms that cater to NFL gamblers.
Betting lines have arrived at your doorstep, right on your computer screen, and we explain what types of NFL betting odds you may see. We’ll go over all you need to know about point spreads and money lines. You should feel confident heading into any sportsbook and putting your money on the line, knowing exactly what you’re risking after reading this.
Why do Odds Exist?
The NFL betting odds are calculated based on a variety of factors. They are based on game results, season results, and other factors. Oddsmakers do research and set up betting lines for a number of season-related events. The bettor may then look for what they want to bet on and place their stake. If they win, they will receive the specified payment. If they lose, the stake is taken by the bookmaker.
How to Understand NFL Point Spreads
When it comes to betting on the NFL, the most prevalent wager is on the point spread. The point spread is a wager on a given contest that determines a favorite (-) and an underdog (+). With a certain number of points on the line, the favorite side must win by the specified number of points.
The underdog must either lose by less points than their corresponding point total – which is the same as the favorite – or win the game outright. This is a hypothetical notion aimed to level the playing field since oddsmakers meticulously analyze every facet of the game before releasing the game line.
However, point spreads do not apply to the whole game. In reality, for NFL games, oddsmakers set quarter, half, and full-time betting odds. These betting lines function in the same way that they would if you were betting against the spread for the whole game.
NFL gamblers frequently use the spread to predict the outcome of the first or second half. These are similar to standard spread bets, and only they only cover one of the halves. After the oddsmakers have seen the first half of the play, bettors can make a wager on the line in the second half.
How to Understand NFL Money Lines
Betting on the NFL moneyline is straightforward since it is the most basic kind of betting. All you have to do with moneyline wagers is choose the winner of the game. On the moneyline, point spreads, total points scored, and any other variables are irrelevant. Because it’s so simple, it’s sometimes referred to as straight-up betting, because all you have to do is choose the winner.
Sportsbooks will give odds on every NFL game, with the favorites (-) and underdogs (+) reflected by their moneyline betting odds. When you bet on a favorite, you will have to bet more money than you will win. If you put money on the underdog you will win more money than you bet. Money lines are the easiest type of bet to make simply because you only have to pick the winner.
If you are a beginning bettor this is an excellent way to get your feet wet in sports betting. NFL lines are closer than other sports generally because of the competitiveness of the league. When you make your first bet on a moneyline it is a lot easier to enjoy the game rather than sweat over whether or not your team will cover the spread.
NFL betting is a fun way to keep you interested in other games than just your favorite team. One tip to betting on the NFL is to not chase your losses. If you lose a bet make sure you make smart bets to win the money back and not a bad bet simply because you are trying to recoup costs. If you follow that rule then you will be a smart NFL bettor who manages your bankroll.