There are a few things to keep in mind when betting on the NFL. First, it is important to understand the different types of bets that can be placed on the games. Second, it is crucial to know how the NFL odds work and what they mean. Finally, it is helpful to have an understanding of how the game is played before placing any bets.
Common types of bets in NFL games
The most common type of bets placed on NFL games is the point spread bet. In this type of bet, a team is given a certain number of points that they must win by in order for the bettor to win their money. For example, if a team is given 7 points, they must win the game by more than 7 points in order for the bettor to receive their money.
Another common type of bets placed on NFL games is the moneyline bet. In this type of bet, there is no point spread; instead, the focus is on which team will simply win the game outright. Moneyline bets typically offer lower payouts than point spread bets, but they are also much easier to win.
How to read NFL betting odds
The first thing you need to know when reading the NFL betting odds is the difference between the point spread and the moneyline. The point spread is the number of points that the favorite is expected to win by, while the moneyline is simply the odds of either team winning the game.
For example, let’s say that the New England Patriots are playing the Miami Dolphins. The Patriots are favored to win by 7 points, so their point spread would be -7. The Dolphins’ point spread would be +7.
If you bet on the Patriots, they would have to win by more than 7 points for you to win your bet. If you bet on the Dolphins, they would have to lose by less than 7 points for you to win your bet.
The moneyline for this game might look something like this:
This means that if you bet on the Patriots, you would need to risk $350 to win $100. If you bet on the Dolphins, you would only need to risk $100 to win $280.
What are some basic NFL betting tips for beginners?
There are a few basic NFL betting tips that every beginner should know. First and foremost, it’s important to understand how the point spread works. The point spread is the number of points that the favored team is expected to win by.
It’s also important to understand moneyline bets. Moneyline bets are simply wagers on which team will win the game outright, regardless of the point spread. These bets usually offer higher payouts than point spread bets, but they are also riskier because there is no margin for error.
To sum up, research the teams and players, set a budget, and find a reputable betting site.