Betting on the NFL has become nearly as popular as watching the game itself in the United States. Millions of people worldwide enjoy wagering money on games each Sunday.
If you have a strategy going in, placing bets throughout the football season can be a fun and lucrative endeavor. MyBookie is an online established licenced Sportsbook that gives fans multiple options of wagers to choose from. Ultimately, this means you can place wagers in full confidence knowing you’re engaging with a trustworthy website.
Finding the best betting plays can be challenging. Explore MyBookie’s site as they offer daily posts, expert updates, picks & predictions and a news blog that will allow you to expand your betting portfolio and make smarter wagers on a wider range of sports.
Remember that NFL betting is based on Odds. The right betting odds can make all the difference when betting on sports online. Some of the most popular betting options for pro football games include Moneyline, Point Spread, Teasers, Parlays and Futures. Learn about the different types of bets you can place on sports, how to read odds, and how to manage your bankroll to get the most value out of your wagers.
Point Spread Betting
Point spread is one of the most popular way to bet on football. Take this example below:
New Orleans Saints -4.5 (-110)
Atlanta Falcons +4.5 (+110)
As you can see, New Orleans is the 4.5-point favorite which means they would need to win the game by five points or more for you to win the bet. Conversely, Atlanta is a 4.5-point underdog which means they would need to win or not lose the game by more than four points for you to win the bet.
If for example, New Orleans wins 20-17, then they win by three points and did NOT cover the 4.5 points, but Atlanta has “covered the spread” because they stayed within 4.5 points.
A Moneyline bet simply involves you picking a winning team. In this case, New Orleans are in favour to win the game. In the eventuality that you placed a wager on the underdog team, and they win, the payout will be higher as the risk was higher. The favourite is considered a lock, which is why the payout is smaller as the risk is lower.
New Orleans Saints -4.5
Atlanta Falcons +4.5
Teaser’s are popular because fans can move the point spread to their advantage. Fans either move down the point spread for a favorite or move up the spread for an underdog. Fans can also play teasers that give them anywhere from six points per game all the way up to 20.
If you were to play a three-team 7-point NFL teaser with the Saints -3, Falcons -8 and Steelers +5. Since you can alter the point spread by seven points, the teaser could become Saints +4, Falcons -1 and Steelers +12. If all three teams cover the new point spread, you win the bet. As you can see, teasers give you a better chance to cover each game and offer a better payout than straight bets.
Parlay is also one of the most popular form of sports betting. Parlay bets are wagers that include two or more teams with larger payouts than a straight bet. Parlay bets may include different sports, point spreads, moneylines and totals but all must win, or you lose the wager. Fans enjoy parlays as the potential return can be bigger.
A futures bet is exactly what the name suggests: a bet paid out in the future if it wins. For example; who will win the Super Bowl. Just about every sports league offers futures wagers from NFL, NBA, MLB and NHL.
This article has been a quick overview of the different types of wagers that you can make when SportsBetting. Hopefully, it will help you to make the right decision on which wagers you’ll be most comfortable with, and of course, which will allow you to win the most money!
Written By Donald Wilfork