Placing an NFL football bet requires more than just a lead. If you seek sustained winnings over the NFL season, dig around for vital information before placing your bets. The point spreads are frequently used to place football bets. Let's understand the NFL football betting:
NFL Football Betting
An NFL football bet could be fun provided you play intelligently and treat it like you would any other recreational sport. Don't agonize over a bad streak of lost bets.
As with any other form of gambling, online NFL betting should also be approached with astute money management and reasonable expectations. A bet of about $20 per game requires you to maintain a minimum bankroll of about $1500.
If you plan to place a larger NFL football bet of about $500 per game, you would require a minimum bankroll of $25,000. If you like many betting actions, drop your bet size to 2 or 3 % of your bankroll. There are many ways of expressing the odds in NFL Football bets.
Some of the popular NFL football bets and payoffs are discussed in detail below:
Straight Bet/Point Spreads
A straight bet is the most common form of NFL sports bet. In point spread NFL football bets, the payoff is generally $100 for each $110 wager unless otherwise noted (the sportsbook needs its vigorish, of course).
Point spreads are one of the most popular ways of expressing NFL football bet odds. This type of betting aims to level the NFL football bet odds. If the handicappers pick out the right point spread numbers, there is an almost even chance of winning or losing the NFL football bet.
The point spread aims at handicapping an underdog team and ensuring an equal number of bettors on both sides. How is the NFL football bet odds leveled in point spread betting? The underdogs will have points added to their score, and the same number of points is deducted from the favorites' score.
These added or deducted points are the point spread (sometimes called the NFL football bet line or the price).
NFL Total Bets
An NFL football bet can also take the form of a Totals to bet. Such bet is also referred to as Over/Under bets. The combined score of the teams is wagered on here.
It's an example of an NFL football bet of the Totals: A person can lay $220 Over in a Miami/Buffalo game for the total score of 45. Such a bet is won if the combined score is more than 45. The winnings would be $200 here.
If the combined score is less than 45, the bet is lost, and it's considered 'no action' if the combined score is 45 and the money on such a wager is returned.
Halftime wagering is another way of expressing an NFL football bet. It's placed on either the first or second half of the game.
NFL Football Betting: Things to Note
Betting on Favorites: Say you bet on the chalk. Since the chalk is the favorite, points are deducted from its final score. The chalk must win by the point spread decided when the NFL bet was placed. If the chalk still has more points than the underdog after subtracting the point spread from its final score, your bet is said to have covered the spread, and you win.
About Point Spreads: Point spreads are affected by factors like the weather, player injuries, etc. If the sportsbook bets disproportionately favor one team or another, the point spread may be adjusted. But you are generally locked into whatever the point spread was when you placed your bet.
Odds Style: If you look at the NFL odds in point spread betting, you will find that one team has a positive number while the other has a negative. In point spread betting, the chalks are listed with a negative number because points are subtracted from their final score. Likewise, the underdogs are listed with a positive number because points are added to their final score. The game is declared "no action" if there is a tie.
An example would make things clearer. Suppose the St. Louis Rams are playing the Baltimore Ravens. The Rams are expected to win the game, and the spread is, say, 5. So, the Rams are listed as -5 while the Ravens are listed as +5.
Assume that you bet on the Rams. If they win by more than 5 points, you win the bet, and if they win by exactly 5 points, it's a "no action" game, and your money is returned. But if they win by less than 5 points, you lose the bet.