Nfl Betting Explained
#3 NFL Betting Strategy – Line Shopping. In order to have the best opportunity of making money this NFL season, you will need to make sure you do a little bit of “line shopping”. Every day, FanDuel Sportsbook has countless betting lines available for a wide variety. Totals betting, also known by the name NFL over under bets, has become a popular form of football wagering, rivalling the point spread in some cases. The premise is simple. You don`t care who wins or loses – all you care about is whether the total number of points scored by both teams together is more than a certain number or less than a certain number. See who are the best NFL.
Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand. The point spread is sometimes known as an equalizer for sportsbook operators. NFL Draft betting is a strange market to handicap when compared to the NFL action on the field. That just means you need a sharp betting strategy when it comes to navigating all the mock drafts and getting the best of the NFL Draft props. Here are some simple tips for betting the NFL Draft odds.
For the novice, the placing of bets can be a confusing area unless properly explained, particularly in the NFL. This article will explain the basics of odds and the types of bets that can be made.
Understanding odds
The first thing to understand is how odds are expressed. These show how much you will win when a bet comes off. In NFL betting, these take the form of a number preceded by a + or a -sign and are based around a $100 unit – although it’s important to realise that the bet can be of any size. So, if the New York Giants are playing the Baltimore Ravens and are favorites to win, the odds might be expressed as -110. This means that you will need to put a bet of $110 on that will win you $100 if the Giants come out on top. On the other hand, the odds on the Ravens, who are the underdogs, winning would be expressed as +220. In this case, your successful $100 bet would win you $220.
The most popular types of bet
Although you might imagine that there’s just one kind of bet, win or lose, you’d be wrong. There are a number of different wagers that you can make on an individual game, player or even the team’s overall success in a season.
Point spread
Nfl Spreads Explained
By far the most commonly placed bet is the point spread, also sometimes called line betting or sides. It’s a bet that tries to predict how many points the winner should win by. Here’s an example of how it works.
Ravens +4.5 -110
Giants -4.5 -110
As we’ve seen, in this game the Giants are the favorites and for bet to be a winning one they will need to beat the Ravens by at least 5 points. At the odds of -110, a $110 bet will return winnings of $100.
But if you bet on the Ravens and they either lose by less than 5 points, or win outright, the bet will be a successful one.
Totals
The second most popular type of bet and the easiest to understand. It’s simply a question of estimating how many points in total will be scored by both sides in a game and betting on whether it will be over or under this amount. As a bet it will be expressed like this.
Giants v Ravens
Over 42.5 -110
Under 42.5 -110
Money Line betting
If you just want to get behind your team and bet on them to win then a money line bet is the one for you. This is typically the sort of bet that many people will be placing on the forthcoming Super Bowl when the teams meet in Tampa on February 7th. So, eyes will be firmly fixed on the Super Bowl odds when the playoffs have produced the finalists. It looks like the favorites will be the Kansas City Chiefs with the Green Bay Packers not far behind. In both cases we could be looking at relatively long odds of -150 or more.
Futures
A number of people may already have had their sights on a Super Bowl appearance for their team and backed this up with a futures wager. Usually made at the start of the season, these look at what might have happened by its end. From winning the division to emerging victorious in the Super Bowl, these can cover many eventualities and are a good way to keep interest going through the season.
Parlays
These are when a number of bets are combined and can add up to some very impressive winnings if they all come off. But here’s the rub – they all have to come off if you’re going to win. This can be frustrating if you get 4 or 5 wins out of a total of 6 bets in a parlay as you end up winning not a cent. But nothing ventured, nothing gained . . .
Props
Props, or propositions to give them their full name, cover a wide range of predictions that you can make. For example, you can bet on whether Patrick Mahomes will become even more of a record-breaker in 2020, even whether the coin toss before a game will come up heads or tails.
So, as you can see, you’re spoilt for choice when it comes to NFL betting. And the more you do it, the easier it becomes. Then, very soon, you’ll be wondering why it took until 2018 for it to be allowed at all.
If you are looking to bet on the NFL to make money you have found the right website. Sure, betting adds a lot of excitement to watching the NFL games, but here at TheSportsGeek.com we are in it to make money over the course of each NFL season.
Making a profit of the course of the NFL season is tough, and the average bettor will not do it, but I am here to give you a few NFL betting tips and strategies (most that follow the normal sports betting strategies) that will help you have a better shot at making money this NFL season.
NFL Betting Strategy Articles (Advanced):
» Teaser Betting Strategy
» Prop Betting Strategy
» How To Get Max Value When Betting
» Future Betting Strategy
» NFL Bye Week Betting Strategy
Basic NFL Betting Strategies and Tips
Did you know that you need to hit above 52.4% of your NFL bets (assuming you are betting -110 odds) in order to profit? Doesn’t sound too hard does it? It is actually extremely tough to do, and only the best of the best can consistently hit 53%+ winners year in and year out in the NFL.
Use the basic NFL betting strategies below to help you on your way to a profiting NFL season.
#1 NFL Betting Strategy – Money/Bankroll Management
When you are betting on the NFL season you will want to set aside a certain amount of money to bet with that you can afford to lose, known as your “bankroll”. I suggest you either make a weekly bankroll, monthly bankroll, or full season bankroll (I do full season).
For example, you may set aside a $3000 bankroll for the full NFL season that you can use to bet with. A general rule of thumb for NFL betting I go by is to only use 2-5% of my bankroll for each bet. In this example, it would allow us to make $60-$150 wagers on each game we bet. You can use 2% for your smaller plays and 5% for plays you really like.
Nfl Odds Explained
One common mistake is to increase the size of your bets as you start winning or to chase losses with biggers bets – remember the NFL is a long season and to profit over the course of the season you need to manage your money smartly.
#2 NFL Betting Strategy – Look For Weekly Edges
I can’t believe how many times I will see bettors who play every game (or close to) in the NFL each week. This is a recipe for disaster in the long run – to be a winning NFL bettor you need to find edges and capitalize on them.
Nfl Teaser Bet Explained
Find what you think may be an edge in the NFL lines and make your bets based on that. Some weeks you may be making 4 bets, some weeks 6 NFL bets, and hell some weeks even just 1 or 2 NFL bets on the whole weekend. Don’t force bets because you want action and want to make the NFL games more exciting. If you want to make a profit this NFL season find a few good plays each weekend and bet them with 2-5% of your bankroll like we mentioned above.
#3 NFL Betting Strategy – Line Shopping
In order to have the best opportunity of making money this NFL season, you will need to make sure you do a little bit of “line shopping”. Line shopping is simply checking a few different sportsbooks and comparing the lines on the plays you like. For example, you may like the Bears to cover the 5 point spread on Monday night. Before you place your wager you should check other sportsbooks, as one of them might have the Bears listed as 4.5 point favorites instead of 5 point favorites.
I suggest you sign up at 3-4 of the best NFL sportsbooks listed in our Online Sportsbook section and compare the lines on each before you make any bets this NFL season. This NFL betting strategy can help you win a few extra wagers this NFL season and help you on your way to a winning season!
#4 NFL Betting Strategy – Bet Sober and Don’t Tilt
Bet Sober – This may seem pretty obvious, but there are hundreds of thousands of bettors who don’t follow this week in and week out during the NFL season. Do you think it’s a coincidence that Vegas casinos offer gamblers free alcoholic drinks? Drinking will impair your judgment while betting – save the beers for when the games start and you are done making bets.
Don’t Tilt – Everyone losses. Even the best NFL handicappers lose bets 40% of the time. Don’t let your emotions get the best of you. Some bettors may take a few bad losses and start to make very poor decisions as their emotions have taken over. Make sure you have a clear mind when making your NFL bets. If you feel like you are on tilt go for a walk or do something to calm down and don’t bet until you are back to your normal state of mind.
You are now ready to become a winning NFL bettor – Follow our Sports Picks for weekly NFL prediction articles and sign up at Bovada.lv for a $250 Free Money bonus for this NFL season!