NFL Betting Guide

December 9, 2011 - by mosesbet · Filed Under US Sports Betting Comments Off on NFL Betting Guide 

The NFL is one of the most widely bet on sports in the world in terms of dollar figures and millions of people every year place bets on the outcome of football games. In the past decade betting on sports has become easy for anyone, as sports’ betting has been brought into the home through the internet. Online sportsbooks accept wagers on NFL games, but before you go betting on any games you need to make sure you understand the basics of NFL betting.

How to Read Point Spread Odds

Unless you’re betting on a team to simply win you’re going to deal with lots of point spreads when betting on the NFL. Here is a quick example of a point spread bet, so that you can see exactly how to read the odds.

  • Pittsburgh Steelers -3.5 vs. Baltimore Ravens +3.5

In a point spread bet the “favourite” is always the team with a (-) in front of the spread while the “underdog” is always the team with the (+) in front of the spread. In this example the Steelers needs to win the game by 4 or more points in order to win on the point spread bet due to the -3.5 point spread. If you bet on the Ravens, Baltimore could actually lose the game by 3 points and you’d still win the bet because they stayed within the point spread.

Types of NFL Bets

  • Moneyline Bet – Wager on the team you think will win the game.
  • Point Spread Bet – Pick the favoured team to win by a predetermined amount of points (The point spread) or pick the underdog team to not lose by a predetermined amount of points.
  • Over/Under Bet – If you’re betting on a game total you need to decide if both teams will combine to score over or under the posted point total. If you’re betting on a team total you need to decide if a single team will score over or under the team total posted by your bookie.
  • Parlay Bets – A parlay (accumulator) is a bet where you combine multiple outcomes on the same ticket to increase the payout odds, but in order to win each leg (outcome) on the parlay needs to be correct.
  • Teasers – A parlay bet on point spreads in the NFL, but you get to take off or add a certain amount of points to the spread to make it easier. For instance, if you like the Bills at +3.5 and the Eagles at -9.5 you could bet on a 7-point teaser to change the point spreads to Bills +10.5 and Eagle -2.5, which sounds a lot better doesn’t it?
  • Pleasers – The same as a teaser except the point spread don’t move in your favour. However, the payout is much bigger and there are definitely +EV spots when betting on pleasers.
  • Prop Bets – A prop bet could be anything from picking what team will win the opening coin toss in an NFL game to how many passing yards Aaron Rodgers will throw in a given game. Props are fun for casual bettors and sharps can find tons of value on loose lines.
  • Futures Bets – When you bet on a futures bet you’re betting on an outcome to happen in the future. For instance, before the NFL season starts you can bet on which team/s you think will win the NFL Superbowl. The odds are always good when betting on futures bets early in the year, but your money will be tied up with your bookie.