The National Football League, or NFL for short, has always been one of the most popular sports to bet on and professional gamblers, as well as hobbyist alike, have spent years upon years trying to perfect the process of NFL betting. Many years ago, betting on the NFL was simply picking one team to beat another team by a certain amount of points (favorite) or with a certain amount of points (underdog).
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That is no longer the case as modern day gambling provides us with many various options to bet on NFL games. Whether you are a fan of the point spread or prefer the total plays, or maybe you only bet on parlays, many of offshore sportsbooks provide the ability to bet on NFL games throughout the preseason, regular season and postseason.
Before you can safely partake in NFL betting, you must know the basic types of bets that are available to wager. Below is a brief list or explanation of each type of wager that can be placed when betting on the NFL.
Types of Wagers in the NFL
- Point Spread – A point spread wager is simply picking a team to win by a certain amount of points or picking a team to win a game with the help of a certain amount of points. The favorite in the game will always be minus points while the underdog will be plus points.
- Moneyline – A moneyline wager in the NFL is basically a bet where you only pick the side, with no point spread involved, and your team must win the game. These type of NFL bets are based on odds with the favorite usually being minus odds and the favorite being plus odds.
- Totals (Over/Under) – A total play is betting that the combined score of both teams will go over or under a predetermined amount of points.
- Parlays – A parlay in the NFL is no different than a parlay in any other sport. It is basically a combination of two or more wagers on a single ticket with an increased amount of money to possibly win.
- Teasers – A teaser bet in the NFL is basically a combination of two or more wagers, that adds a certain amount of points or takes away a certain amount of points from the point spread or total. All of your wagers that you place on your bet must win by or with the points, for you to cash a winner.
- Prop Wagers – A prop wager is basically a proposition that the offshore sportsbook will put out and you pick a side of the prop. There are props for the game, for individual players and in the larger games, there are even entertainment props.
- Future Wagers – A future wager is basically described as picking a team to win in the future. This means you pick a team to win the Super Bowl at increased odds due to the fact that the season isn’t over or in some cases, hasn’t even begun.
What to Look For with an NFL Betting Site
When you are looking for a NFL betting site, you are going to want to make certain that the site offers your favorite style of betting. This means partially what we were recently talking about such as over/under, point spread and moneyline but it also refers to when you like to bet on your games.
Many NFL bettors like to bet on their games early in the week, to hopefully get ahead of the public bias line movement and to get the line at what they feel is best for their play. This means that if you like one team and they are currently favored to win a game by a field goal but you think a lot of money will come in on that team, you may want to bet it early in the week before the line moves. We all know that when public money is laid on one team, the line will move in that direction.
This means to get your best line, you want to place your NFL bet early to sort of get ahead of the line movement. Another reason why you may want to bet early is because there may be a uncertain injury that could affect the line and once again, you want to place your NFL wager early so that the injury doesn’t affect your point spread and you will be able to get your bet in at the original smaller line. Therefore, you want to find a offshore sportsbook that offers lines early enough for you to benefit from.
Another thing you want to look into is does the offshore sportsbook have competitive lines. After many years in the industry, we have found that some offshore sportsbooks have much more competitive lines for favorites and other sportsbooks have much more competitive lines for the underdogs. It will be your job to figure out which offshore sportsbook offers you the best available line.
While we are talking about competitiveness, make sure you are utilizing a offshore sportsbook that offers you competitive bonus structure. Some of the newer offshore sportsbooks offer larger bonus features but the likelihood of being able to achieve the requirements to receive the bonus becomes very difficult. Therefore, you want to find out what exactly is the bonus, what are the requirements on the bonus and is it possible to utilize the bonus.
Finally, does the offshore sportsbook have decent online NFL betting limits. Some of the best NFL betting sites will give you great limits but there are still a few offshore accounts that put small wagers on their clients to prevent those large winning wagers.