The NFL undeniably holds the throne in the realm of sports, a fact that extends to the sports betting arena as well. So whether your aim is to place a wager on your cherished team, inject an element of thrill to your Sunday line-ups, or just to have a stake in the high-profile evening games, this piece will furnish you with all the necessary information.
You can get up-to-date NFL odds at Ladbrokes and other reputable bookmakers. Just ensure you adhere to the following guidelines:
Know the Legality of Sports Betting in Your Region
As you prepare to bet on the NFL, it’s important to first understand the legal status of sports betting in your region. While some countries and states have fully legalised sports betting, others may have restrictions or outright bans in place. It’s crucial to adhere to these laws and regulations to avoid any legal issues.
In Australia, for example, sports betting is completely legal and regulated by the government. However, in the United States, it’s a bit more complicated as each state has its own laws and regulations regarding sports betting. It’s important to do your research and make sure you are abiding by the laws in your specific region.
Understanding NFL Betting Markets
To be successful in NFL betting, it’s essential to comprehend the three standard betting markets: the point spread, the money line, and the total (over/under). Each of these markets requires a different strategy and type of prediction. For instance, when betting on the point spread, you are forecasting not just which team will emerge victorious, but also the margin of their victory.
On the other hand, the money line simply involves wagering on which team will win the game. Lastly, the total market, also known as over/under, involves predicting whether the overall score of the game will be higher or lower than a predetermined number of points.
Popular NFL Betting Types
After gaining clarity on the legality of online NFL betting and getting acquainted with the standard betting markets, let’s delve a little deeper. We have expounded upon various additional popular betting markets to further enhance your NFL wagering experience.
NFL Parlays
Parlays hold a prominent position among the various bet types, often incorporating elements like money lines, spreads, and totals. They involve combining several betting selections to generate more lucrative odds. However, it’s worth noting that all bets within a parlay must be successful; even a single losing selection can lead to the downfall of the entire parlay.
NFL Same-Game Parlays
An offshoot of the standard parlays, the Same Game Parlay (SGP) concentrates on selections from a singular match. This method allows punters to amalgamate multiple player props with wagers such as the money line. As with conventional parlays, every selection within an SGP needs to be successful.
NFL Teasers
Teasers offer a nuanced, yet somewhat similar betting option to parlays. They allow bettors to collate multiple selections while enhancing their favorability. For instance, with teasers, a bettor may pair two different spreads at more favourable values. A commonplace variant is the six-point teaser. Remember, success in a teaser demands that each selection turns out to be a winner.
NFL Futures
For those who prefer longer-term bets, the NFL futures market is a great option. You could predict outcomes such as player awards, teams’ win totals, or even Super Bowl winners. While these bets might take some time to yield results, they can offer great value, especially with plus-money odds. They’re considered successful as long as your prediction comes to fruition.
Other Popular NFL Bets
While the aforementioned markets are quite popular at leading sportsbooks for NFL betting, they’re not the only options. The prop market continues to expand, with player props being a favourite pick for many bettors. These bets could involve projections for a player’s passing, rushing, or receiving yards or whether a player will score a touchdown, adding an extra dimension to your NFL betting experience.
NFL Odds & Betting Lines Explained
Earlier, we touched upon the basic betting markets when discussing how to wager on NFL games. Let’s dive deeper to understand how these odds and betting lines function in practice.
Money lines are quite simple — you’re betting on a team to secure a win. A favored team is indicated with a negative sign, like -150. This implies that you need to bet $15 to make a profit of $10, given that the team emerges victorious. Conversely, an underdog is indicated with a positive sign, such as +150. For this, a $10 bet can yield a $15 profit if that team wins.
Moving on to point spreads, this refers to a team that’s predicted to win by a certain number of points. For example, a team with a -6.5 point spread must win by at least seven points. Contrarily, a team with a +6.5 spread has to either maintain the game within six points or cause an upset.
Lastly, we have game totals, also known as over/unders, which are perhaps the easiest to understand. These are set at a specific number, like 36.5 in this case. A bet on the ‘over’ prevails if there are at least 37 or more points scored during the game. On the other hand, a bet on the ‘under’ is successful if the game concludes with 36 or fewer points.
