Different NFL Betting Types

You may place bets on the NFL in a variety of ways. In the NFL, you may also put a range of other sorts of bets. To do so, you must first be signed up for a sportsbook or online casino to place your bets. Below I take a look at some of the most common ways that people use to bet on the NFL and discuss each of them.

NFL Spread Betting

This is by far the most popular form of betting on NFL football odds. The point spread is calculated by designating one side and a certain number of points favored. That team must win by more than those points to cover and pay out. The underdog covers unless the victory margin is exactly the same as the spread. If this occurs, the game is declared a tie and all wagers are reimbursed. 

NFL Moneyline Betting

Before the point spread was invented, people used to bet on the moneyline, and they still do. To make a moneyline bet, all you have to do is choose the side you believe will win the game outright. Unlike the spread, the moneyline favorite does not have to overcome a points handicap in order to win, and the underdog must win the game. 

NFL Totals Betting

Betting on NFL totals is similar to betting on the point spread, only that instead of betting on a team to cover, you’re betting on whether the aggregate final score of a game will go over or under the total established by the oddsmakers. As a result, the total is often referred to as the over/under. Totals may be influenced by weather, injuries, and the quality of the teams involved. 

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NFL Futures Betting 

A proposition bet is a form of side bet in which you must gamble on anything other than the game’s ultimate result. Prop bets on individual players or teams, such as how many passing yards or touchdowns a quarterback will throw in a game or whether a safety will be scored, are common in the NFL. The Super Bowl is one of the finest opportunities to wager on props in sports. There are a lot of props for things that don’t happen on the field right now. During the Super Bowl, one of the most frequent wagers is on the length of the National Anthem. 

NFL Parlay Betting

A parlay bet consists of two or more independent bets that are linked. Instead of betting on a series of independent outcomes, you may combine them all into a parlay and win big if all of them come true. The bigger your reward grows as you add more bets or games. If any one wager fails on a 12-team parlay, the whole parlay loses; yet, if they all win, you may gain over 2,300 times your initial commitment. These are very high risk bets, however.

NFL Teaser Betting

A teaser bet is a kind of parlay in which each spread or total is altered by a predetermined number of points to make each side easier to cover. You’ll earn a lower return on your successful teasers in exchange for lowering your risk. Standard NFL teasers may include anywhere from two to 10 wagers, with lines teased by 6, 6.5, or 7 points; the fewer points teased, the higher the payout. 

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NFL Futures Betting 

You may bet on a future event’s result, such as who you believe will win the Super Bowl. You may also bet on how each conference and division will turn out. These futures wagers are often available throughout the year and may result in huge rewards if a dark horse outperforms the field.

NFL Round Robin Betting 

Depending on the number of NFL lines you pick, a round-robin bet creates a number of parlays. If you want to bet on three lines, you may utilize the round-robin to create three distinct two-team parlays instead of a three-team parlay. For your round-robin wagers, you may pick from three to eight lines and two to seven teams; a round-robin with eight lines and four teams will offer you an incredible 70 different parlays to bet on all at once.

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