NFL Football Betting Guide
One of the most popular sports to bet on in the world is the National Football League (NFL). Americans bet on the NFL more than any other sport and international football fans have also been able to bet on the NFL with online sportsbooks. In this guide we’re going to teach you how to bet on the NFL including how to read NFL odds and what types of NFL bets you can wager on.
Understanding NFL Odds
Before you can start betting on the NFL you need to understand how to read moneyline odds. You also need to understand the difference between a moneyline bet and a point spread bet in the NFL. Take a look at our example below to learn how to read moneyline odds and point spread bets.
• Moneyline Bet – Atlanta Falcons +130 vs. New York Giants -150
When you bet on the moneyline in the NFL you’re simply betting on what team you think will win the football game. If you look at the odds you’ll notice the Falcons are +130 and the Giants are -150. The favourite will have negative odds (Giants) and the underdog will have positive odds (Falcons). Moneyline odds are displayed based on a $100 bet size. If the odds are positive the number equals how much you can win on a $100 bet whereas if the odds are negative the number equals how much you need to bet to win $100. With this knowledge we can determine that we’d need to bet $150 on the Giants moneyline to win $100 or we’d need to bet $100 to win $130 on the Falcons moneyline. Although moneyline odds are displayed based on a $100 bet size you can bet any amount you want and it’s easy to find out how much you need to bet. For instance, you could bet $15 to win $10 on the Giants if you wanted.
• Point Spread Bet – Atlanta Falcons +2.5 -115 vs. New York Giants -2.5 -105
Most sportsbooks offer $.10 lines on point spread bets although you can find slightly better at places like BetIsland. In a point spread bet the bettor needs to pick what team they think will win based on a spread. The favoured team (Giants) will have a negative point spread while the underdog (Falcons) will have a positive point spread. You need to decide if the favoured team will win by the point spread or not. If you think the Giants will win by 3 or more points you’d bet on them at -2.5. If you think the Falcons will not lose the game by more than 2 points you’d bet on them at +2.5. The underdog doesn’t even need to win the game in a point spread NFL bet they just need to stay within the point spread.
• Over/Under Totals Betting – Atlanta Falcons vs. New York Giants – Over 47.5 -110 / Under 47.5 – 110
In the NFL you can bet on game totals, half total and quarter totals. Bettors also have the option of betting on a single team’s total if they would prefer betting on team totals rather than game totals. All you need to know is that you need to predict whether or not the bet will go over or under the total. In our example you need to predict whether the game between the Falcons and Giants will have more or less than 47.5 points. Most of the time the odds will be -110, which means you need to bet $110 to win $100 or $1.10 to win $1. Total’s betting is a great way to bet on the NFL, but you need to study recent history, trends, injuries, momentum and other factors.
• Parlays – New York Jets +3.5 / Atlanta Falcons -6.5 / Green Bay Packers -8.5 +600
A parlay bet is when you bet on multiple outcomes on the same wager. The only way to win a parlay is by winning each leg of the bet and trying to win a monster parlay is basically like playing the lottery. Some parlays can be profitable such as betting 3-team parlays in the NFL at +600. Sportsbooks offer fixed odds of +600 on 3-team parlays, which is slightly better than the true odds of roughly +595. You shouldn’t bet more than 3-teams on a parlay unless you’re trying to gamble and have some fun.
• Teasers – New York Jets +10 / Atlanta Falcons PK / Green Bay Packers -2
Bettors can wager on all sorts of different teaser bets at various online sportsbooks although the most common type of teaser in the NFL is a -6.5 point teaser. With a teaser bet the spread goes in your favour by X amount of points. For instance, if the Jets are underdogs of +3.5 you could bet the Jets at +10 on a -6.5 point teaser. Teasers are sucker bets in the NFL unless you cross key numbers including 3 and 7 when moving the point spread. Online sportsbooks also offer a range of other bets including NFL prop bets, NFL future bets and various exotic bets. We’ve listed details of the most common types of NFL bets above and that’ll help new bettors get started. We recommend learning as much as you can about the different types of bets including NFL teaser bets. Below is a small list of the best NFL sportsbooks that accept bettors from North America.
Best NFL Sportsbooks
We’ve been betting on the NFL with online sportsbooks for years now and have listed in the table above the best sportsbooks to bet with both within and outside the United States. Due to the UIGEA most online sportsbooks don’t accept bets from US bettors, but there are still a few hidden gems left in the market where bettors can wager on the NFL safely without worrying about not getting paid and we’ve listed them above for your consideration.
1. BetIslands Sportsbook
BetIslands is great because they offer lower juice than most sportsbooks on NFL wagers. You can bet with $.07 lines on the NFL and even a $50+ bettor will save a lot of money over the long run on their losing wagers. BetIslands has very quick payouts considering that there have been processing problems for US sportsbooks in the past few years. BetIslands recently went mobile and now bettors can place wagers using their mobile device.
2. BetOnline Sportsbook
BetOnline doesn’t offer reduced juice anymore, but the sportsbook has the best bonus for NFL bettors. BetOnline offers a lifetime bonus of 15% – 25% on each deposit you make into your sportsbook account. The minimum deposit to receive a bonus is only $50 and the rollover on the bonus 6x. BetOnline Sportsbook has a mobile app for bettors and the selection of NFL bets is great. You can bet on NFL teasers at BetOnline and the betting limits are big.