Nfl betting explained
Point spreads (also known as lines, spreads or sides) are the most common type of NFL wager. Every game has a favorite and an underdog of a certain amount of. With point spreads, the spread tells you how many points a team needs to win by, while the vigorish tells you how much money you actually win if. Totals set for NFL games typically sit in the point range. For example, if the total for Jaguars-Colts is set atthe nfl betting explained wins if the teams combine. NFL Betting – The Point Spread Here, the odds makers have decided that the Bills should be considered the favorites by points. If you place a bet on the.
How to Bet on NFL - The Complete Guide for 2024
How do you read NFL betting? Every point spread has a plus side and a minus side. Underdogs – or teams not favored to win the game – are represented with plus numbers (i.e. +7.5 or +3) while favorites are denoted with a minus number (-6 or -13.5).
What does minus 450 mean in betting? Negative numbers (in American money line odds) are reserved for the favorite on the betting line and indicate how much you need to stake to win $100. Conversely, positive numbers are attached to the underdog and refer to the amount you could win if you bet $100.
What does a 6.5 spread mean in NFL football? For example, if the stronger team, or favorite, is a perceived six points better than a weaker team, the stronger will be given an NFL bet spread of -6.5. This means to “cover the spread” and win the bet, that team must win by more than six points.
What does minus 400 mean in betting? The negative number shows how much has to be risked to win a $100 payout. Thus, if the money line for the team that you picked was -400, it means that if you placed a successful $400 bet, you would gain $100 on payout. This means that the bettor would have risked $400 and ultimately gained $100.
What does plus minus mean in NFL? In an NFL spread market, the meanings for each symbol are straightforward. A minus symbol, such as Chiefs -7, denotes how many points the favorite must win by in order to cover the spread. Conversely, a plus symbol, like Chargers +7, would denote that the Chargers are the beneficiaries of a seven-point spread.
NFL Betting Explained: How to Read NFL Odds
Thus, the risk levels of a parlay are very high. But the rewards are even greater, as the prices of each leg are multiplied together, creating an exponentially greater reward for a successful parlay. It really does pay to nail your parlays — if you can manage it.
For that reason, many bettors choose to place a series of straight bets, then mix them all together in an additional small parlay. Prop bets, or propositional bets, are regular bets on very specific facets of an NFL game. While spread and moneyline bets cover the actual outcome of the game, prop bets are far more narrow. For instance, you might bet on whether or not Chiefs quarterback Patrick Mahomes throws for more or less than There are hundreds of different prop bets for every game, with even more available for major games like the Super Bowl.
At BetMGM, you can check them out by reviewing the full odds table for individual games. NFL teasers are like friendlier versions of a parlay. Because a teaser manipulates a point spread or total in your favor, the payout is reduced from what a traditional parlay would pay. Not everyone wants to bet on a game between the Bills and Colts.
These are called futures bets. Rather than wagering on the outcome of a single game, or one aspect of a single game, futures generally cover bigger outcomes that take place over larger periods of time. You might bet Super Bowl odds , or conference odds, or another kind of exotic market.
Because futures often reward only one team out of a big group, NFL futures odds can offer very lucrative odds. The BetMGM online sportsbook is constantly running new promotions for prospective bettors to try out and enjoy. Make sure you go check out the best sports betting promotions that BetMGM has to offer.
And check out sportsbook promos each time you log in. Share This Share. There are hundreds of different kinds of NFL prop bets. Nfl betting explained NFL parlays are high-risk but can be extremely profitable. NFL Betting: Spread Probably the most popular betting market in football, NFL spread betting is a common style of gambling where one team the favorite must win by a certain number of points.
NFL Betting: Parlays Parlays are high-risk, high-reward gambles that are extremely popular among bettors. Share This. And, if you win, you receive potentially substantial winnings in cash. BetMGM's new-user promo is fully insuring your first bet.
An operator more known for its overseas presence but is making waves in the US as a great place to go when wondering how to bet on the NFL is Bet Sportsbook. They too have a welcome offer that provides a guaranteed bonus, if you so choose. Those are the top sportsbooks for where to bet on the NFL, but we still want to make sure you know how to bet on the NFL.
Parlays are one of the most popular bet types outside of the aforementioned standard markets. In fact, money lines, spreads and totals are often used for this bet type. Parlays consist of piecing multiple betting selections together to create valuable odds. However, all of the bet selections in a parlay have to be successful to win.
If just one of the selections loses, the entire parlay loses. 
A Same Game Parlay SGP is just as the name would suggest - a specific type of parlay that involves selections from a single matchup. Many fans use this opportunity to piece together several player props with something like a money line.
Like the standard parlay, each selection within an SGP has to be successful. Teasers are a bit more nuanced than that of parlays but can be thought of in a similar light. They piece together multiple selections but make them more favorable. For example, a bettor can pair two different spreads but get them at more favorable values. There are various options, but the standard is six points.
In other words, a 7. Like the previous two, each selection in a teaser must be successful for it to win. Another option in terms of how to bet on the NFL is futures markets. Of course, that means they take time to come to fruition, but they often provide great plus-money odds. They are successful as long as what you predicted comes true, such as a player winning an award or a team winning the Super Bowl.
The variety of prop markets is ever-growing, but many fans enjoy one we mentioned when detailing SGPs. When it comes to money lines, selecting those odds is simply betting on a team to win. A favorite is designated with a minus sign - , such as As for point spreads, a favorite is a team that is expected to win by a specific amount.
So, a They are set at a specific number, such as For that example, a bet on the over would be successful if there are at least 37 or more points scored. Conversely, a bet on the under wins as long as the game ends with 36 or fewer points. The money line is rather straightforward, but spreads and totals have multiple components.
Using our above example for a 6. When researching how to bet on NFL games, the available strategies are virtually endless.