What are the NFL Odds?
2022-2023 NFL Season Odds are divided into three betting lines: side, moneyline, and totals. Each of them supports different aspects of betting on NFL. The knowledge of their use is key when you are setting your NFL bets. Learn more of how to bet on NFL in OBS betting guides.
Main sportsbooks like BetUS provide NFL Odds for the bettors to make their NFL betting decisions.
Introduction to NFL Odds
As the name suggests, NFL odds are NFL betting lines associated with NFL teams or games. They can exist in all of the usual betting formats like spreads, moneylines, and points totals, or can extend to player props and team futures, such as the Super Bowl winner.
These odds are more fluid than in other sports, such as baseball or basketball, which have longer regular seasons. In football, the impact of a weekend result can have massive repercussions on upcoming NFL odds and values.
NFL betting has a massive American market, and the Super Bowl is one of the biggest betting draws worldwide.
How to Read NFL Odds
To read NFL odds, simply follow the same steps you would in other sports. Any outcome with a “-” in front of the ensuing numerical value is the favorite unless there are two negative values, which would indicate a near or complete 50/50 likelihood.
To contrast this, any outcome with a “+” in front of the following number is always the underdog. This can apply to a team being less likely to cover the spread, or a player being unlikely to record a certain number of passing yards, depending on the bet wagered.
How to Bet on the NFL
Betting on the NFL is simple; there are only two possible outcomes on the moneyline, unlike in soccer, where there are three outcomes, or sports like golf, which are filled with individuals. The spread is not confined to a certain amount, like it is in hockey and baseball, and reflects how many points the oddsmakers think a team will win or lose by.
All other forms of betting, whether that be prop or points totals, have two outcome possibilities— if an event ends in a tie, all risks will be voided, the initial deposit will be returned to the bettor, and the bet essentially never happened. If this occurs in a parlay, the value of the outcome is deducted from the parlay’s value, and the payout is determined from there.