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Betting on the NFL isn’t as simple as picking a team and hoping they win. Nowadays, there are countless options to wager on various events which all hold different NFL odds. Listed below are various ways that you can bet on the NFL and explanations for each.
Point Spread Betting
The most common form of betting in the NFL is Spread Betting. Spread Betting is basically defined as wagering on a team, plus or minus a predetermined amount of points, also known as a “Point Spread” to win with the addition or subtraction of the point spread. Point Spread Betting is without a doubt the most well known form of betting in the NFL and is used by not only gamblers around the world but is also used by mainstream media to describe who is the favorite or the underdog.
Betting in the NFL using the Point Spread is fairly cut and dry, and very easy! To place a wager, you simply select a team and that team must win by the point spread. For example, if you take the underdog Chicago Bears and they are +7 points and they lose the game by the score of Green Bay Packers 30-Chicago Bears 27, well this would be a winner because you would add the points scored (27) to the points spread (7) and that would mean the Chicago Bears would end up with 34 points.
Using the same example of teams but this time, we will use the Chicago Bears as the favorite by 4 points. The final score ended up being Chicago Bears 20-Green Bay Packers 17 and therefore, you would now lose because you would subtract 4 points from the 20 points scored and that would leave the bears with 16 points, which is 1 point less than what the Packers scored.
Playing the NFL Moneyline
Playing the NFL Moneyline is best described as picking the team you think will win the game without any point spread. Due to the fact that some teams are much better than others, the oddsmakers attach a moneyline number on the each team, that can either be (+) or(-) a certain amount. For example, if you think the Washington Redskins will beat the Dallas Cowboys and you bet $100 on the Redskins -175. Well, if you win the bet, you win $100 but if you lose that wager, you will lose $175. Using that same theory of teams but you bet the Dallas Cowboys. The Cowboys were +140 and you placed the same $100 on them. If they win the game, you would win $140 but if you lose, you only lose $100. There are many times throughout the season that you can bet on a team that is close to double your money.
Betting the Over & Under Totals
Betting on the Totals is another popular option for wagering on the NFL. With total plays, you are wagering on the combined sum of points between the two teams. The oddsmakers will set a predetermined total line and you can decide if you think the game will play over or under that number.
If you bet on the game to play over the posted number, then you will need the combined score of both teams in the game to play over that number. If you bet on the game to play under the posted number, they you will need the combined points between the two teams to stay under the posted number.
Betting Team Totals
In addition to being able to play the combined score for the over/under totals, you can also pick individual teams to play over or under a predetermined number. These are called team totals and are determined by the oddsmakers by how many points they think a specific team will score.
Betting on Future Plays
At the beginning of the year the oddsmakers will determine who they feel will win the Super Bowl, the AFC championship, the NFC championship, and winners of each division. You can usually bet on these in the futures section of most online sportsbooks.
These type of plays are similar to the money line plays as far as odds are concerned. For example, if you were to play the New Orleans Saints to win the Super Bowl for $100 and the oddsmakers had it set at New Orleans +500 and they won the Super Bowl, you would win $500.
Quarter and Half Wagers
Betting on quarters and halves in the NFL have become increasingly popular, mainly due to some teams playing better at certain points of the game. Betting on the quarters and halves is very similar to straight up spread wagering in the fact that you are picking a team to win by a certain amount of points but the differences that the original point spread is broken down over 4 quarters or 2 halves.
NFL Props Wagering
Many years ago, online sportsbooks began offering Props Wagering for special occasions such as Super Bowl Betting, Pro Bowl Betting and Divisional/Conference Championship Games. These plays were extremely popular and now, you can play these types of wagers on nearly every game in the NFL.
Props Wagering vary from week to week but they will allow you to bet on in game items such as how many field goals will be scored, how many sacks will be in the game, who will score first, who will score last, how many turnovers there will be in the game and much more! During the bigger games like the Super Bowl, they will also offer entertainment props such as what color the gatorade will be that is poured over the winning coach’s head, how long the National Anthem will last and how many times commentators will mention certain words or phrases.
There is also the option to bet on individual player props, such as how many completions the QB will accumulate, how many INT’s the QB will throw, how many combined yards the Running Back will account for and receiving yardage from the Wide Receivers. These prop plays are based on odds, similar to the moneyline and each player is unique and provide different odds.