NFL Betting Odds Explained
Betting on the NFL is becoming more and more popular each season. This is because of the accessibility that fans and bettors have to a variety of betting lines put in place at online sportsbooks. No longer is Las Vegas the only place to make a wager. Now, betting lines have come to your home, right on your computer screen, and this page is going to explain NFL betting odds + wager types.
And with the popularity of betting on NFL games, more and more online sportsbooks have been created, andthose looking to bet on a game will find a heap of choices on sports betting sites right at their fingertips. We're going to cover those as we go along or you can go to any recommended sports betting site on ExplainBettingOdds.com to see the options - every sportsbook has a NFL betting section.
But before we get into that, let's not get too far off track...
Why NFL Betting Odds Exist
Betting odds for the NFL are formed for several aspects of the league. They are based on outcomes for games, the season, and more. Oddsmakers research and install betting lines for a variety of outcomes relating to the season. A bettor can then search to see what they would like to wager on, and then make the bet. If they win, they get the designated payout. If they lose, the sportsbook takes the bet.
NFL Point Spreads Explained
Betting on the point spread for an NFL game might be the most common wager one thinks of when betting on the NFL. The point spread is a bet made on a specific match up. Oddsmakers form a point spread for every game on the NFL schedule. A favorite and an underdog are then determined, with a specific number of points set on the line. The team in the role of the favorite, meaning the team predicted to win the game, gives points on the betting line. The team in the role of the underdog, picked to lose the match up, receives the points. This is a concept designed to hypothetically even the playing field. But by no means is this spread installed on the betting line random. Oddsmakers thoroughly research every aspect of the game before coming out with the game line.
Point spreads are not just for the entire game though. In fact, oddsmakers install quarter, half, and halftime betting odds for NFL games. These betting lines work just as they would for betting against the spread for the whole game.
Quarter lines are just how they sound, they are betting lines installed for each quarter. A spread is installed for each quarter, with a favorite and an underdog set. The bet is won by picking the team that covers the line for that quarter only.
Halftime point spreads are odds set for the first half of play. Typically, this halftime betting line is cut in half for the full game line. And just like any other point spread win, the bet is won by correctly picking the team that covers their point spread in the first half only.
Betting the spread on halves is also an available betting line. These are just like halftime odds, except the second half betting line is also available. This betting line is set for the second half, typically installed after oddsmakers see the first half of play. Lots can figure into a second half betting line, including the flow of the game, and injuries.
NFL Moneyline Betting Odds Explained - Straight Up Betting Lines To Win
Betting an NFL moneyline is a very similar process to betting the point spread. Though there is one big difference. There is no point spread installed for the game. When oddsmakers install betting lines for a game, they typically set down a point spread and a moneyline. While the point spread is designed to even the playing field, the moneyline is not. A wager on the moneyline for an NFL game is picking the winner straight up, no spread. If the Patriots are playing the Bills, you bet on the team you think will win the game outright. Because of the fact that there is no spread through, the payouts can range a lot more than a point spread payout, since there is no handicap. This is because it's easier to pick a straight up winner than it is to pick against the spread.
Article: Moneyline Betting Odds Explained
NFL Over / Under Bets Explained - Total # Statistical Wagers
The game total is another type of game line made available by most sportsbooks. This is the combined point total that will be scored in the game between the two teams on the field. Oddsmakers research, and determine a number to set the game with. A wager can then be made on the actual total of the game going higher or lower than the predicted betting line. Payouts are typically right around "Even" money (minus the juice), because there are just two choices... and the line is handicapped.
Article: Over / Under Betting Odds Explained
Weekly Game + NFL Team Proposition Wagering
Outside of game lines, oddsmakers form what are called proposition betting odds. These are other types of betting lines formed that are not betting on the outcome of the game specifically. In fact NFL team prop betting lines can range in nature quite a bit. The best way to look at Team props is to look at an example. Prop odds take smaller outcomes and form lines. For example, in an NFL matchup, a team prop line might be formed for the first team to reach 10 points. So the wager would be made on the first team to reach that mark. The bet is done after a team reaches 10 points. The rest of the outcomes of the game do not matter for this wager. Team Prop odds are a fun way for bettors to place wagers on outcomes outside of the over game lines. They can also shrink down the variables into just one or two, as opposed to an entire game point spread wager.
Understanding How NFL Player Proposition Wagers Work
NFL player prop lines are another type of proposition betting line. And just like team props, these do not directly relate to the outcome of an NFL matchup. They can have an effect, but that is not what you are wagering on. A player prop NFL line is typically performance-based. For example, the total passing yardage for a quarterback, or the number of touchdowns a running back will have in a game, are two examples. A betting line would be set with an installed number, and the wager would be made according to the guidelines of the bet. NFL player props can be a lot of fun, with tons of them formed for the different games each week.
Understanding NFL Live Betting Odds
One of the newer types of betting onto the scene in NFL betting is Live Betting. Live Betting has become one of the more popular aspects, with the new technology that online sportsbooks possess. Live Betting on the NFL can be done from your own computer. Many online sportsbooks are beginning for form their own Live Betting sections, where they will list the available betting odds. And when it comes to betting line on the NFL, game lines, and prop odds are typically available. The online sportsbook will show what games are currently available to be wagered on live, and display the available bets at the time. They are constantly changing, so if you are live betting you can't take too long. Live wagering on the NFL is the most interactive form of betting yet, and can be very exciting.
Betting Odds For The Super Bowl + Online Wagering Guide
Super Bowl betting odds for the upcoming or current NFL season are up almost year-round at online sportsbooks. In fact, almost the day after the Super Bowl from the previous year is completed, oddsmakers form odds to win the next season's Super Bowl. And these odds remain up through offseason, preseason, and the regular season up until the Super Bowl matchup is known.
The different ways to bet on Super Bowl odds can be very simple or they can be slightly more involved. It's not always just betting on the team that you think will win the Super Bowl. No, no sir! There is much more to take in and even the odds to win the Super Bowl can change drastically from week to week.
Get More Help: Super Bowl Odds Explained
NFL Wager Types
There are several different types of NFL bets that can be made on a game. Oddsmakers form game lines, but the type of bet you choose to make is up to you. There is the straight bet which is your basic bet on a game or prop. But then there are bets that link multiple games together like a parlay or and if bet. There are also bets that can switch up the betting lines like a teaser or a pleaser. Get more help learning about those here:
Where Should I Bet On NFL Online? Who Can I Trust?
Best NFL Betting Odds
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