The NFL is presently one of the most popular and lucrative professional sports leagues in the US, to the point where the sport continues to draw in millions of viewers and fans despite not being very well known outside of North America.
As with any sport that has its kind of pull with a local audience, there is a celebrated history behind every franchise, featuring bitter rivalries, heartbreaking stories, and brief but memorable spells of both madness and brilliance. Where this has led to strong ties between franchises and fans, it has also spawned an industry worth billions of dollars.
TOP 1 Sports Betting Site to Bet on NFL
NFL Betting is one of the most popular forms of sports betting amongst American audiences. To many, placing a single bet on the moneyline in favor of the franchise they support is just a way to express their faith in the team’s success, and a way to win or lose alongside them. To others, NFL betting Guide may as well be a sport in itself, and they develop strategies and techniques to win at betting itself (where winning is ensuring a sustained profit through betting).
And yet, to others still, NFL betting is still a complete enigma. This is the vast majority of the sport’s sizable audience. If you know nothing about odds and betting strategies, don’t worry, we’ve got all the information you need to get started.
NFL Odds Guide | NFL Betting explained
Let’s start off with odds. If you’ve been browsing through online betting sites, you’ve probably seen fixtures with three digit numbers beneath or besides the team names in brackets. Those numbers are actually the odds of a particular game. The sign next to them tells you whether the corresponding team is favored to win. But more on that later; for now, let’s take a look at an example.
Let’s say the San Francisco 49ers are going head to head against the Kansas City Chiefs in an inter division game. After browsing through the sportsbook like BetUS, you find out that the odds for a standard moneyline bet are (+300) for The49ers and (-150) for The Chiefs.
This means that if you bet $100 on San Francisco and they win, you’ll get a total payout of $400. How this number is calculated actually depends on the sign next to the number. A Positive Sign means this team is the underdog, and the number in the bracket is the amount you’d stand to win on a $100 bet. For this reason, your total comes out to 100 + 300 = $400. That’s a pretty nice 3x profit on your bet!.
On the other hand, if you’d bet $100 on the Chiefs and they’d won, you’d get a total payout of $166.66. This is because Negative Odds involve a different calculation compared to positive odds. Negative odds tell you that the corresponding team is favored to win, and that’s why they feature reduced payouts. The number in the bracket is actually the amount you’d have to bet to win $100. Since 100/150 = 0.66, that’s your profit multiplier.
An easy way to remember which odds are calculated which way, is to associate the positive sign with ‘potential winnings’ and the negative sign with ‘potential losses.’ A positive amount is what you would win on a 100 dollar bet, while a negative amount is what you would have to risk to win a 100 dollars.
Your Guide to betting on the NFL
So betting on the underdog gives you the chance to win much more money than betting on the crowd favorites. Does that mean that always betting on the underdog is a viable NFL betting strategy? Of course not.
Most of the time, barring long-standing rivalries between franchises, if a particular team has worse odds, they’re probably at least slightly more likely to win. Most of the time, fans of the sport will make bets while being aware of which team has the better lineup and the more favorable circumstances. Obviously, anything could happen on game day, but you don’t bet on the chances of anything happening, you bet on the most likely thing to happen.
This means that, most of the time, you’re better off taking the safer bet. But this isn’t always the case. Due to the way the NFL schedule is designed, some fixtures may only come about once in many years, while others may repeat fairly often. This leads to rivalries between fans, and emotional betting, which skews the odds and creates room for value bets. For more information on value bets in the NFL and how to spot them, take a look at our comprehensive guide on <how to bet on the NFL
Playing the spread | Your guide to betting on NFL weeks
We talked a bit about the NFL season schedule earlier. Each of the NFL’s 32 teams plays 17 games each across an 18 week period called a season.
With each team playing only one game a week, odds for the week’s fixtures are released by sportsbooks beforehand. This allows bettors to look through the odds and find favorable bets to investigate further. Moreover, it allows analysts and commentators on sports betting to come out with ‘picks’ for each week.
Picks are bets that give you the best odds considering outcome probability, and so they either offer better odds than they should or better payoffs. It’s a good idea to keep an eye on these picks, as they’re a good way to start getting the hang of betting if you’re not familiar with it.
One way to win big is with point spreads. Point spreads see some of the most varied betting strategies applied to them, and so they present a great way to diversify your bet profile. A point spread bet basically tells you how many points the favorite team is expected to win by, and betting on the underdogs can prove lucrative if you learn to spot the right spreads.
Other than picks and spreads, publications also publish a variety of other material regarding teams’ form, as well as betting trends. Comparing and analyzing betting trends and realizing when it’s feasible to actually go against them, is part of what separates the amateur bettors from the professionals. Always pay close attention to news surrounding fixtures as this can help you identify bets to look out for weeks in advance. We hope you found this guide useful, and wish you the best of luck on your bets going forward!