NFL Betting Options
The point spread is the most common NFL bet, as you are betting on a game with the favorite giving points and the underdog getting points. A NFL point spread will look like this: Redskins -3 Eagles +3. In this bet the Redskins are the favorite denoted by the – in front of the number and the Eagles are the underdog denoted by the +. In this example if you bet on the Redskins they will have to win by more than three points to win and if you bet on the Eagles they will have to lose by less than three points, or win, to win the bet.
The moneyline is a straight bet where you are just picking the winner, but the odds and payout will reflect the favorite and underdog. Here is an example of a moneyline bet. Broncos -180 / Chargers +160. In this example the Broncos are the favorite denoted by the – and you will have to wager $180 on them to win $100. The Chargers are the underdog denoted by the + and you will have to wager $100 on them to win $160. As you can the risk reward is greater in the moneyline betting more on the favorite to win less and betting less on the underdog to win more.
The totals is one of the easier bets to understand, as you are betting Over or Under the total number of points in a game, which will be posted by the sportsbook. If the Raiders vs. Seahawks game has a posted total of 47 you are simply betting whether the total of points scored by both teams is Over or Under 47. If the exact score is 47 the game is a push and you will receive your original stake back. If there is a .5 after the total there cannot be a push, as you obviously cannot score ½ point.
Halftime betting is just like the point spread and totals, but you make the bet at halftime after the book puts out a new spread and total for the 2nd half. For this bet you only have around 15 minutes to make the bet.
Parlay betting is betting one 2 or more games in a single bet. You can bet on 2-10 games in taking the spread or the total and all of the games you pick in the bet have to be a winner for you to win the bet. This bet is harder to win picking multiple games, but the payouts are higher and are increased the more games you pick. If there is a tie in one of the games it is taken out so if you make a 5-game parlay and one game ties it is now a 4-team parlay.
Teasers and Pleasers
Teasers and pleasers are like a parlay bet, as you are betting multiple games. In a teaser bet you are given points to change the spread in your favor, but the payout will decrease. So if you take a 6-point 2-team teaser and want to bet on the Broncos -3 and Redskins -7 you take the 6 points for each team to your advantage so the new odds are Broncos +3 (-3 +6 points) and Redskins -1 (7-6).
In a pleaser it is the same thing as a teaser, but instead of taking the points to your advantage you take them against you for a much higher payout. So in using the example above a pleaser bet would not have the Redskins -13 and Broncos -9. You can see the spread is inflated to your disadvantage, but the payout for a please bet is significant and this is more so the more games you wager on.
A futures bet is just like the name implies, as you are betting on the future. You can make a futures bet such as which team will win the Super Bowl, AFC and NFC title game, and which team will win their respective divisions. You will have to wait until the end of the season to cash in on a futures bet. You can make futures bet before and during the season, but in doing the latter the odds will change depending on how the team is doing. Also, the futures odds that you get at the time of the bet will stay no matter how much they change throughout the season.
Proposition bets are also known as prop bets and there are both team and player prop bets. Many times game prop bets are available, especially for bigger games, such as playoff ones or the Super Bowl. A couple of examples of a Super Bowl prop bets are which QB in the game will have more TD’s, which RB’s has the most rushing yards, and which team will score first. Many prop bets pay 2:1, but some can have huge payouts such as making a prop bet for a game and wagering if a safety will be the first score.