NFL Odds Explained: Points Spread, Over/Under, Moneyline, and More!
Are you a fan of the NFL? If so, you’ve likely heard of NFL odds and the various bets you can make. But do you know what they mean and how to use them? NFL odds are a way of predicting the outcome of a game and placing your wager. Understanding the different types of NFL odds can be confusing, but with knowledge, you can become an expert in no time.
In this post, we’ll explain NFL odds and betting markets, discuss some available types, and examine how you can leverage them while betting. You can even leverage the odds on NFL spreads to win big.
Types of NFL Bets
There are different types of NFL betting markets. Discover them below:
- Point Spread
The point spread is a type of bet in which a sportsbook gives the stronger team a handicap of a certain number of points before the game begins. This ensures that both teams have equal chances of winning.
The point spread works like this; the sportsbook assigns a point spread to each team in a given game. For example, one team may be given a -7 point spread while the other team is given a +7 point spread. This means that if you bet on this team, they would need to win the game by at least 8 points for you to win your bet.
On the other hand, if you bet on the second team (the +7 spread), you would need them to either win the game or lose by 6 points or less for you to win your bet. No matter which team you bet on, the point spread offers plenty of opportunities to win big.
- Overs/Unders
Over/Under is a way of betting on the total number of points scored in a game. It is one of the most popular forms of betting on NFL games and offers bettors the chance to win big. The concept is simple: the oddsmakers will set a total for an upcoming NFL game, and bettors can place their wagers on whether or not the total will be either over or under the amount.
The speculator can place a bet that the game’s total score will be over or under the odds set by the oddsmakers. The bettor wins if the game’s total score is above or below the set threshold.
To understand how a punter would place a bet on an Over/Under, we must first look at the type of available odds. There are “odds to win” and “against the spread” bets. The “odds to win” bets are based on the overall result of the game, while the “against the spread” bets rely on a point spread set by the oddsmakers.
- Moneyline
Moneyline, also known as American Odds, is a betting method of expressing the likelihood of an event occurring. It denotes the amount of money that you could win if a bet is successful. In moneyline betting, you pick between two teams or players and place a wager on who will win the match.
The moneyline odds are expressed in either a positive or negative number. A positive number indicates how much money a bettor would win if they bet $100 on the team or player. A negative number indicates how much money a bettor needs to bet to win $100.
For example, if the moneyline is +200, this means that if you bet $100, you will win $200. Conversely, if the moneyline is -200, you should bet $200 to win $100. It’s important to note that in moneyline bets, the amount of money won or lost is usually proportional to the size of the stake. Moneyline is one of the best NFL bets as it provides an excellent opportunity to make money off games without factoring in point spreads or totals.
- Parlays
Parlays make betting even more exciting. You can choose two or more teams playing on the same day for a chance to win big! Parlays are about taking calculated risks — the greater the risk, the greater the reward. And with the ability to choose multiple teams, the possibilities are endless.
With parlays, you aren’t restricted to just one team; you can explore the full breadth of NFL odds. On top of that, parlays have a much higher payout than other types of NFL betting to win a lot more cash with the same bet.
- Teasers
Teasers are a way to adjust the spread in your favor. You can add or subtract points from a team’s point spread, so if you think one team won’t cover its spread, you can adjust it to ensure you’ll win your bet regardless. Teasers allow you to be more strategic with your betting and give you the confidence to know that you have the edge over other punters.
Conclusion
Betting on NFL odds is quite exciting. This is why understanding the types of odds and betting markets available would benefit your pursuit. With a strategy to support your wagers, you may make big wins betting on NFL odds.
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With several types of NFL bets available, study some of the best options and expand your chances of winning.