NFL Odds and Bet Types Explained

American football remains the most popular sport in the United States. Placing bets on NFL games is a huge pastime for many people. There are numerous bet options available if you would like to add some excitement to watching NFL games on game day. These options can confuse those just getting started with NFL betting. This guide explains how to read football odds and discusses the different types of bets you can place.

Reading NFL Odds

When you go on a betting site and want to place a bet on an NFL game, you will see the odds represented as a number with a positive or negative sign before it. Here, there are two numbers you need to know about. The first one is the spread, and the second is the odds.

The minus sign indicates that the team is a favourite, meaning they are more likely to win the game, while a plus sign means they are the underdog. This is the team less likely to win. The spread is the number of points the winner needs to win by for the bet to win. For example, a spread of -7.5 means the winning team must win by over eight points for the bet to be a winner.

The odds are the actual payout structure of the game. A minus sign before the odds means that this is the amount of money you need to risk to win $100. You do not have to bet this amount as your bet will be scaled up or down accordingly. For example, -110 means you need to wager $110 to win $100 profit. So, your total amount back will be $210.

A plus sign means you are betting on the underdog and the number indicated is the amount you win for every $100 wagered, again scaled up or down depending on what you wager. For example, placing a bet at +120 means you wager $100 and win $120 if the underdog wins. This means you end up with $220.

Now that we understand how spreads and odds work, what types of bets can you place on the NFL?

Moneyline Odds

Moneyline bets are the most popular types of bets you can place in the NFL. It is simply a bet on the team that will win the game. Many people like this bet because it is very easy to place and does not require any research or analysis. Additionally, there are no spreads to think about, as you only need the team to win for your bet to be a winner.

The Moneyline odds are represented by a three-digit number with the plus or minus sign before them. You will also see spread points posted at the same time as the Moneyline odds.

Point Spread Bets

As discussed above, point spread bets win when a team wins or loses by more than the points indicated. It is also a very popular option, which is why many betting sites offer it. Teams with a negative are predicted to win, while those with a plus are predicted to lose.

If you place a bet for the winning team (with a minus sign), they have to win by more than the spread listed. If you choose the losing team, they have to lose by less than the number indicated for the bet to win. Wining a bet like this is sometimes called covering the spread.

Overs and Unders (Total)

These are straightforward bets to understand. You need to determine whether the score will be over or under a certain value. Remember that these are the combined scores for both teams. If the over/under is set at 52.5, a bet of over would need 53 total points, while one under would need 52 or fewer combined points.

Prop Bets

Prop (proposition) bets are bets on anything that happens on the field. These include all events during the broadcast and any events that do not affect the game’s outcome. Because of how they are structured, these are usually based on statistics and require a lot of analysis and knowledge to place.

NFL player props are props placed on player statistics. These can be on how many games the player will win, how many yards they will carry the ball, if they receive any awards and so on.

NFL team props are proposition bets on a team or franchise. They include everything from winning a game or league to winning the Super Bowl. They can also include total points for the season, if the team moves to a new stadium, if a manager gets fired or even if the team’s name is changed.

Super Bowl props are placed on events of the Super Bowl. They are very popular, and because of how much happens during the Super Bowl, there are thousands of bets to choose from. These can range from who will sing the national anthem to whether a fan will cause the game to be stopped.

NFL agent prop bets have to do with free-agent players. They can be placed on the team they will join or how long they remain without a team.

Lastly, we have draft props. These revolve around the draft and include bets like which players will go to which team, who will be picked first and the like.

Finding a Betting Site

Now that you know how to read odds and what types of bets to place, you need betting sites to place wagers. For this, you can use review sites like https://www.onlinecasinos.co.uk/ to see what the different sports betting websites offer. At Online Casinos, you will also find detailed reviews of online casinos in the UK.

Betting on the NFL can be confusing at first, but things become easier once you understand how to do it. There are so many bets you can place, and the good news is that a good betting site will give you lots of options and bets to choose from.

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