The National Football League is undoubtedly the most popular football platform in the entire North American region. Anyone who is already interested in the NFL is probably well versed in how betting on NFL games works. But for someone who is new at the sport, it is important they find out how to go about it correctly.
This article will those of you interested in the game understand the various aspects on how to bet on the NFL. Like the league itself, the NFL is the largest and most famous sports betting activity in the country. Let us go over some of the basic terminologies and processes used in this popular online betting activity.
NFL Betting Spreads
This is one of the first concepts of NFL wagering. It is dictated through the “point spread,” also known as the “betting line” or referred to as “betting on the side.” The betting lines that are given for any of the selected teams come with a plus or minus symbol next to them (+,-) which tells a bettor which team is favorite and which one is the underdog. Most point spreads usually pay -110 (meaning you lay a $110 bet to win $100.)
For example, if the Green Bay Packers are playing the Seattle Seahawks, a betting line may look like this:
Green Bay -3
This means Green Bay is a favorite to win the game by 3 points. If you bet on them, they will need to do so or win by more than 3 points for you to win your wager. On the other side, if you bet on Seattle, then you get 3 points in your favor, meaning Seattle can lose by 2 points and you would still win your bet.
The moneyline, also referred to as “straight up wagering”, is just a bet on the winner (no need to cover points and no extra points given to anyone.) Basically, you bet on your favorite to win the game.
The advantage of moneyline betting is that underdogs usually pay a lot more than taking a betting spread, which makes this type of bets very popular.
A moneyline betting option may look like this:
Green Bay -135
This means Green Bay is favorite to win the game outright, and you will have to bet $135 to win $100. On the other side, if you bet on underdog Seattle, you will only have to bet $100 to win $120. For your bet to be successful, your selected team only has to win the game.
This covers the two basic ways to bet on a team, now go ahead and put your new wisdom into practice, happy betting!