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Spread betting gets a bit more advanced than just "who's going to win", and requires you to have a solid knowledge of how a team might perform. For example, let's say Green Bay is listed as +3.5 (-110). That means that, in order for your bet to pay out on those -110 odds, the Packers need to either win the game or not lose by 4 points or more.
MONEY LINE BETTING
Whether you're betting the Super Bowl futures or betting on a team to win tonight's game, you're probably looking at a moneyline. This is typically a straightforward, "who's going to win" bet:
EXAMPLE: GREEN BAY (+800) TO WIN THE SUPER BOWL
Let's say the Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100). However, if you're benefitting from a free betting credit, that doesn't count towards your stake, and you'll only receive your win.
TOTALS BETTING (OVER/UNDER)
If you're betting totals, and you're probably seeing a pattern here, you're betting on the total number of points scored. These bet types are pretty logically named, no? Anyway, if you're betting on a Packers v. Bears matchup and the total is set at over or under 48.5, that means that oddsmakers don't expect the cumulative score earned by both teams to exceed 48. If it does, and you bet the OVER, you get a payout. If it doesn't and you bet the UNDER, you get a payout.
Parlay betting is not for the feint of heart, as we've said: it requires you to string together anywhere from 3-12 (and sometimes more) bets for a bigger payout. The only trick? Every single leg has to hit, otherwise you lose it all.
We're also seeing one-game or single game parlays on the board lately, and that's in large part due to the advent of live betting:
PROP BETTING AND LIVE BETTING
Prop betting is a form of casual bet that doesn't really have to do with the outcome of a game. For example, you can have the more technical prop bets like "player to exceed X passing yards before the half" or "team to intercept before the quarter is finished". You can also have less technical bets like "color of Gatorade dumped on the coach", "will the mascot trip down the stairs today", or any number of novelty bets.
Throw in the fact that legal, online betting can be done from a mobile device, and live betting becomes possible: that's where you can place prop bets, including parlaying them together in single-game parlays, as the game is happening. Exciting times we live in!
BEST NFL BETTING SITES
We've reviewed some of the top NFL sportsbooks in the country and their exclusive promotions available for new and existing users. Check out our sportsbook reviews and sections on providers to get all the information you need to get online and bet legally, including promos and bonuses to get you off on the right foot!
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our preferred sportsbooks. The opening line varies depending on the sportsbook, but the figure provides a clear-cut rating as determined by the oddsmakers. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
VI CONSENSUS NFL LINE
The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line”, since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
NFL ODDS FAQ
HOW DO I READ THE NFL ODDS?
There are several types of odds, with the most typical being the money line, point spread and total (over/under). The money line is simply picking a winner straight up, while picking the point spread means a team must win or lose by a certain amount of points. The total means you either bet the point total will be over the listed number of points, or under the total.
WHY WOULD YOU BET ON NEGATIVE ODDS?
If you bet negative odds, you must risk more than your return. For instance, if the Kansas City Chiefs are listed as -325 favorites to beat the Las Vegas Raiders, you must risk $325 to win $100.
WHEN DOES THE 2022 NFL SEASON START?
The 2022 NFL regular season begins Thursday, Sept. 8, 2022 with the Buffalo Bills facing the defending Super Champion Los Angeles Rams in Southern California. The remainder of Week 1 is played Sunday, Sept. 11, 2022, and Monday, Sept. 12, 2022.
WHO ARE THE FAVORITES TO WIN THE NFL?
The Bills are listed as the top team in the AFC, while the Tampa Bay Buccaneers are the favorites in the NFC. The Chiefs, Rams and Green Bay Packers are also among the top teams.
WHO WON THE 2021 SUPER BOWL?
The Rams topped the Cincinnati Bengals in Super Bowl 56 at SoFi Stadium in Los Angeles, as the champion played in their home stadium for the second consecutive season.
WHERE IS SUPER BOWL 57?
The Super Bowl is scheduled to be played Sunday, Feb. 12, 2023 at State Farm Stadium in Glendale, Ariz.