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Betting on NFL football can be intimidating for newcomers. However with the right knowledge of NFL betting markets and odds, you can quickly gain an advantage over the house. We cover NFL Betting – what you need to know to Win more, so that you can increase your chances of success and to win big.
What are NFL Betting Odds?
NFL betting odds are simply a way of illustrating the chances a particular team has of winning a game. Odds makers set these odds based on an array of factors such as previous performance, record and other potential influences. By understanding NFL betting odds you can determine which teams have the best chance of winning. You can then make your bets accordingly.
Calculating Your Winnings from NFL Football Betting.
When it comes to calculating your winnings from betting on NFL Football, the way you calculate your earnings typically depends on the bet type you chose. Different bet types payouts vary, however in general most will be calculated with a fixed-odds format. How to calculate NFL payouts from your bets
- When the odds are negative, change the number to positive and use this formula: 100/Odds * Stake = Profit.
- When the odds are positive: Odds/100 * Stake = Profit.
This means that when you correctly predict a winner and back them with a bet, you’ll receive a return.
So how much do you win if you place a $100 bet? If you bet $100, you will win $100 times the betting odds you placed your wager at. Our example, if you bet $100 at +200 odds, then you would win $200. This amounts to a total payout of $300 which includes the original $100 wagered.
Exploring the Different Types of NFL Betting Lines and Odds.
NFL Betting – There’s few types of bets that you need to know to Win more and what you can make when it comes to placing NFL wagers. These including Moneylines, Totals, Point Spreads, ATS, Prop/Futures Bets and Parlays.
NFL Point Spreads (ATS)
Point Spreads involve one team being a “favorite” over another. Meaning the favorite is expected to win by a certain margin. Moneylines offer punters an option to pick the outright winner without having to beat a certain point spread.
Totals Bets
Totals give bettors the chance to wager on whether or not they believe the total combined score between both teams will be above or below a certain number.
NFL Prop and Future Bets
Finally prop and future bets gives players the opportunity place bets on different events such as which team will win their division or which player will have the most rushing yards in that regular season.
Parlay in NFL Betting
A Parlay is a popular sports betting type. It is a combination or multi-leg single wager. Together the multiple selections (2 or more) are actually individual wagers that are linked and dependent on all of the betting legs winning for a payout. The attractiveness of parlay in NFL betting, is that you can cash considerably higher payouts than separate individual bets. if you are looking to win big then Parlay could be your go to market.
What You Need to Know About Adjustments to NFL Betting Futures, Spreads, Moneyline, Props and Parlay Odds.
The most important thing to keep in mind during an NFL season is that the betting odds will fluctuate with each week and many daily. As teams win and lose, as players are injured or suspended different sportsbooks adjust the lines accordingly. This means that to be successful you have to stay up to date on NFL futures, spreads, moneylines, prop and parlay betting odds. Especially if you want the best chance of becoming a successful bettor. Be sure to familiarize yourself with how the teams are doing before placing your wagers! Top tip; if you don’t have time, then find yourself a NFL betting expert to follow.
Is it Worth it to Take a Risk on NFL Longshot Bets?
It can be tempting to take a risk on longshot bets in the hopes of hitting a big jackpot, but this isn’t recommended. After all they are long shots for a reason. Stick to placing wagers on fairly calculated odds, where market value has been identified if you want to maximize your returns! Especially look at ATS betting and Parlays to increase the potential win payouts.
Want to Know More Than Just NFL Betting? Get Football Guides and Odds, Try Our Best Bet Picks.
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