The NFL is one of the most profitable and popular sports to bet on in North America. This is because betting on the NFL is easy to understand with several wagering options to choose from. Therefore, it makes it the perfect sport to bet on for anyone looking to diversify their sports gambling portfolio. In this sports betting tutorial, we will teach you How to Bet on NFL Football the fast and easy way.
Placing a Bet on the NFL uses the same principal as betting on any other sport. This is because the main types of wagers are: betting on the money line, the spread and the totals. Therefore, it is easy to understand by people that have some experience betting on sport.
However, it does not mean that people new to sports wagering will find it difficult. On the contrary, it is very easy to understand as this tutorial will demonstrate.
How to Bet on NFL Football – Beginners Guide to NFL Betting
Since this is a Beginner’s Guide to NFL Betting, we will only cover NFL straight bets. This is because every other type of wagers like NFL parlays, live betting and other wagers have roots with them. In the end, it is about the betting odds and how the betting software uses it to take your wager.
Betting on the NFL Money Line
The money line is the most straightforward method to bet on the NFL. This is because you are betting on which team will win the game outright. In the NFL money line, the team that is the strongest is the money line favorite. Thus, it will be more expensive to bet on the favorite team than the underdog team.
Here is an example of an NFL Money Line wager:
Jacksonville Jaguars at +130
Chiefs Kansas City Chiefs at -150
In this matchup, the Chiefs are the favorite to win as they have -130 money line odds to win. This means that if you want to bet on the Chiefs, you have to risk $150 to win $100. However, if you are feeling lucky and bet on the Jaguars, you are risking $100 to win $130.
Since this is an American sport, the odds are American Odds. However, if we were to put them as fractional odds, it would be 2/3 odds on the Chiefs. For the Jaguars Money line the odds would be 13/10 as fractional odds.
Betting on the NFL Point spread
Betting on the pointspread is another popular way to bet on the NFL. Point spread betting require teams to win by more or lose by less than a set number of points.
Here is an example of an NFL Point Spread Wager
Jacksonville Jaguars +3.5 (-110)
Kansas City Chiefs -3.5 (-110)
In this example, the pointspread for the Jaguars is +3 (-110). This means that you are betting that the Jaguars will lose by less than 3.5 points or win the game. However, if you wager on the Chiefs, they must win by 3.5 points or more to win the bet.
In addition, the -110 is the commission the sportsbook charges. It means that they charge a 10% commission. If it was -120, it would mean a 20% commission and so on.
Betting on the NFL Totals
For this type of wager, you are betting on the numbers of points that will be made during a game. In addition, this type of bet is also known as an over/under. This is because you are betting on whether it will go over or under the total set by the sportsbook. Since the betting odds are 50/50, then once again, the sportsbooks charge a 10% commission.
Here is an example of an NFL Totals Wager
Jacksonville Jaguars o53 (-110)
Kansas City Chiefs u53 (-110)
In this example, you are either betting that the total score will be over or under 53. This type of bet is a great alternative for when you are unsure on which team will win.
Bet on Sports with VOBET and Get a 10% Cash Bonus
Read more Sports Betting Tutorials