NFL Vegas Odds
Vegas has always been the place to go to find the best and most extensive betting markets for the NFL. The Raiders’ relocation to Vegas has allowed the league to fully embrace Vegas Odds as part of their product.
NFL Vegas Odds update daily and are usually released a week or two before kick-off. Here you’ll find a comprehensive list of the Vegas Odds on upcoming NFL games, with the odds available as soon as they’re released to the public.
NFL Vegas Odds This Week
If you’re looking for NFL live odds, here are the latest Las Vegas NFL odds for games this week and beyond, as they are released to the public:
NFL Betting Odds, Explained
If you dig deep enough you’ll find options that will confuse experienced bettors, but NFL Vegas Odds tends to offer markets/lines on three things: Moneyline, Spread, and Over/Under. As you can see in the odds list above, these are presented using the American Odds format.
How Do American Odds Work?
With the American odds system, you’ll see a number displayed with either a + or – symbol in front of it.
‘Minus’ Symbol (Favorites)
If you see a – listed before the odds (e.g -150) then Vegas has determined that the outcome is more than likely to happen, otherwise known as a favorite.
The number listed is the $ amount you are required to wager to receive a $100 profit if your selection is successful.
- If you wager $150 on a -150 favorite you will receive $250 in return. $150 is your stake returned, and the remaining $100 is your winnings.
- If you wager $100 on a -150 favorite then you will receive $166.67 in return. $100 is your stake returned, and the remaining $66.67 is your winnings.
‘Plus’ Symbol (Underdogs)
If you see a + symbol listed before the odds (e.g +150) then Vegas has determined that the outcome is less than likely to happen. This is also called an underdog or outsider bet.
Betting on underdogs works in a different way.
The number listed (e.g +150) is the amount you will receive if you wager $100 on the market and the selection is successful.
- If you wager $100 on a +150 outsider then you will receive $250 in return. $100 is your stake returned, and the remaining $150 is your winnings.
NFL Moneyline Betting With Vegas Odds
Moneyline betting in the NFL is the easiest market to understand. You place a wager on a team to win, and if they win the game then your stake and winnings are returned to you, if you lose then you lose your stake.
How does NFL Moneyline work?
Almost every game will see a favorite and an underdog selection. For this reason, money line betting is not always popular in games that are expected to be one-sided, as the return on your stake for backing a heavy favorite is small.
As an example, in Super Bowl 56, the Los Angeles Rams were a heavy favorite in the money line market at -200. If you had placed $100 on the Rams to win, your return including the stake would’ve been $150.
Does Moneyline include overtime in the NFL?
Yes, it does. If your selection wins the game via OT then your wager is still successful. If the game ends as a tie your stake will be returned in full, however, you will not receive any winnings.
NFL Spread Betting
The NFL now includes gambling terminology in their programming and commentary, so you will hear people talking about the spread and covering the spread.
What Does the Spread Mean in NFL Betting?
The spread is designed to offer a points handicap in a game for the favorite, this then results in the betting odds being almost identical for both teams.
You will see the spread listed as a number, usually, with a decimal point (e.g 4.5) This is the number of points that the favorite will need to win by to cover the spread, while the underdog needs to either win the game or lose by less than the spread number to cover.
Example scenario from Super Bowl 56:
The spread for the Super Bowl was set as 4.5 points. The Rams won the game 23-20, but the Bengals were the winning selection as the underdog +4.5 points.
Can the Spread Total Change?
Yes, the spread line can and will change in the build-up to a game, however, you will receive the spread total at the time of your wager.
The total can change for a number of reasons. If an increased number of bettors pick the same selection then Vegas will move the line to encourage wagers on the opposite selection. It’s also possible that key players could be injured or other factors can result in the spread total moving.
Example from the 2021/22 season:
In their Week 9 game, the spread between the Chiefs and Packers was set at 1 point. Aaron Rodgers was then ruled out of the game and instantly the spread total changed to 7.5 as his absence resulted in the Packers becoming heavy underdogs.
If you had placed a wager on the spread total being one point before this news broke, you would not be subject to the change.
NFL Over/Under Betting
Betting on the over/under total means the outcome of the game is irrelevant, you are simply placing a wager on how many points will be scored in a game.
How Does Over/Under Work in NFL Betting?
Similarly to the spread, a total will be set by the sportsbook before the game (e.g 48.5 points). If you place a wager on the ‘over’ market and 49 points or more are scored, then your selection is successful.
If you place a wager on the ‘under’ market and 48 points or less are scored then your selection is successful.
Can the Over/Under Total Change in NFL Betting?
Similar to the spread example, the over/under line can and will change in the build-up to a game. Again this could be the result of the majority of bettors making the same selection, or it could also be the result of injury news or other factors.
Does the Over/Under in NFL Betting Include Overtime?
Usually yes. There are examples of sportsbooks explicitly stating that all bets include overtime unless otherwise stated, so you will usually find that overtime is included in the points total for under/over wagers.
As this results in more game time to score points, a game going to OT does offer an advantage to wagers on the ‘over’ market.
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