Betting on NFL Football is the most popular sport in terms of wagering, and has been for many years. While Las Vegas continues to see their numbers go up every year, most people bet on NFL games through online sports betting sites which offer live betting options as well as the biggest sportsbook signup bonuses that the Las Vegas sportsbooks don’t offer.
There are two main types of NFL wagers – that being against the pointspread and the over/under. Betting on NFL games against the pointspread means that the team chosen doesn’t necessarily need to win the game, but win or lose by a certain amount of points to stay within the given number.
For example, if the New England Patriots are a 3-point favorite against the Green Bay Packers, then New England would have to win the game by more than 3 points in order to cover the pointspread. Likewise, Green Bay would either need to win the game outright or lose by less than three points to cover the spread. If the Patriots won the game by exactly three points, then the game would be considered a “push” and all bets made on either side would be returned.
Over/Under wagers consist of the combined points scored in a game. If the combined score is more than the posted total, then the “Over” is declared the winner. If the combined score is less than the posted total, then the “Under” is the winning bet. Just like pointspread wagers, if the score falls exactly on the number, then it is declared a “push.”
In both of these types of wagers, there is typically a 10% juice which is where the sportsbooks make their money. To make a $100 profit on an NFL bet, you would need to wager $110. If you win that bet, you get your initial $110 back plus the $100 profit. If you lose your bet, then you would be down the entire $110.
A sportsbook sets the line trying to attract equal action on both sides. If they take $1,100 on each team, then they make $100 regardless of who wins. Because this line is set to attract equal action, it is not necessarily what the linesmaker believes will be the winning point margin.
There are other types of NFL bets, including moneyline wagers (picking a team to win the game outright), teasers (picking two or more teams to cover a more favorable pointspread), parlays (picking two or more teams to cover the spread and all games must win for a higher payout), and futures (picking a team to win the Super Bowl early in the season or even before the season starts).
The NFL regular season kicks off Thursday, September 10th when the New England Patriots host the Pittsburgh Steelers. And for those looking to bet on NFL games earlier, the NFL Preseason is already underway. We’ll check in throughout the season with some NFL Football betting tips to help your bottom line this year!
Stay tune for more football betting tutorials!