- Explanation Of Betting Odds For Football
- Explanation Of Betting Odds In Baseball
- Sports Betting Odds
- How Do Odds Work In Betting
Betting on the NFL is becoming more and more popular each season but with its growing popularity, many have jumped in without have the NFL betting odds explained to them. This is because it has come commonplace in the country to discuss betting lines on the NFL, but there are not many outlets that detail what these pundits, experts, and analysts are actually saying. No longer is Las Vegas the only place to make a wager, as over a dozen states have legal sports betting and there are also a handful of offshore betting sites that service the needs of NFL bettors.
Betting lines have come to your home, right on your computer screen, and this page is here to explain NFL betting odds + wager types. From point spreads to over/unders, prop bets and more, we're going to cover the details behind these types of wagers. After reading this, you should feel comfortable walking into any sportsbooks (or logging into one) and laying your money on the line with confidence, knowing exactly what you are risking.
Futures betting Futures betting allows you to make choices about events that will happen as the season goes along. For example, you can place a bet on who will likely win the Super Bowl, be named.
- Feb 27, 2020 When you bet for the underdog, it is called betting 'against the odds.' For example, if odds are 3/1 for the Cowboys this Sunday, then it is three times more likely that they will lose than win. Odds of 3-1 indicate that if you bet $100, you will win $400, the original amount of your bet plus the profit.
- In Summary: Betting Odds Explained Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct. The probability represented by betting odds is often referred to as the ‘implied probability'.
Bet On Super Bowl 55 Odds
Moneyline: Chiefs (-160) vs. Buccaneers (+140)
Spread: Chiefs -3
Total: 56 Points
When looking to bet on Super Bowl 55, there are plenty of places for bettors to lay action. Some of the top legal online Super Bowl sportsbooks are Bovada, BetOnline and MyBookie as they all offer tons of different Super Bowl betting lines and Super Bowl prop bets as well in addition to the regular game lines. As for how to bet on Super Bowl 55, bettors can take advantage of the game line and pick an outright winner on the moneyline, they can bet on the margin of victory with the spread or bet on the amount of points that will be scored with the point total. For those not looking to bet on the game line, there are player props as well such as how many yards either quarterback will throw or game props like betting on how many total field goals will be made.
Why NFL Betting Odds Exist
Betting odds for the NFL are formed for several aspects of the league. They are based on outcomes for games, the season, and more. Oddsmakers research and install betting lines for a variety of outcomes relating to the season. A bettor can then search to see what they would like to wager on, and then make the bet. If they win, they get the designated payout. If they lose, the sportsbook takes the bet.
NFL Point Spreads Explained
Betting on the point spread for an NFL game might be the most common wager one thinks of when betting on the NFL. The point spread is a bet made on a specific matchup, as a favorite (-) and an underdog (+) are determined. With a specific number of points set on the line., the team in the role of the favorite must win by the number of points they are associated with.
For the underdog, they must lose by less than their associated points – which is the same number as the favorite – or win the game outright. This is a concept designed to hypothetically even the playing field, as oddsmakers thoroughly research every aspect of the game before coming out with the game line.
Point spreads are not just for the entire game though. In fact, oddsmakers install quarter, half, and fulltime betting odds for NFL games. These betting lines work just as they would for betting against the spread for the whole game.
Betting the spread on the first or second half is a popular betting strategy of NFL bettors. These are just like betting on the normal spread, but it only covers one of the halves. The line in the second half allows bettors to make a wage after oddsmakers see the first half of play.
NFL Moneyline Betting Odds Explained - Straight Up Betting Lines To Win
Betting on the NFL moneyline is quite easy, as it is the simplest form of wagering. For moneyline wagers, all you must do is select who will win the game. Point spreads, the number of points scored, and every other factor has no merit on the moneyline. This simplicity is often why it is called straight-up betting, as it only requires picking the winner. To keep things balanced, sportsbooks will offer odds on every NFL game, where the favorites (-) and underdogs (+) are represented by their moneyline betting odds. When betting on a favorite, you must lay more than what you would profit, while taking the risk on the underdog comes with a higher payout than what you wagered.
Article: Moneyline Betting Odds Explained Poker online, free deposit accounts.
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Explanation Of Betting Odds For Football
NFL Over / Under Bets Explained - Total # Statistical Wagers
Another straightforward way to bet on the NFL is through point totals or over/under bets. These can be broken down by each team, but the numbers you often here on sports betting shows and news is the combination of both teams. Often, these point totals are the most common style of wagering, as bettors can gain insight on certain team's scoring abilities, defensive prowess, and offensive tempo. Payouts are typically right around 'Even' money (minus the juice) because there are just two choices.. over or under.
Article: Over / Under Betting Odds Explained
Weekly Game + NFL Team Proposition Wagering
Outside of game lines, oddsmakers form what are called proposition betting odds. These are other types of betting lines formed that are not betting on the outcome of the game specifically. In fact, NFL team prop betting lines can range in nature quite a bit. For example, in an NFL matchup, a team prop line might be formed asking which team will score 10 points first. The wager would be made on one of the two teams and whoever reaches this mark first dictates the winner of the prop bet. After the proposition is met, the wager is done and the rest of the game does not matter. Other examples include how many total sacks both teams will tally, what the longest field goal of the game will be, and so on. Team Prop odds are a fun way for bettors to place wagers on outcomes outside of the game lines.
Understanding How NFL Player Proposition Wagers Work
NFL player prop lines are another type of proposition betting line. And just like team props, these do not directly relate to the outcome of an NFL matchup. They can have an effect, but that is not what you are wagering on. A player prop NFL line is typically performance-based. For example, the total passing yardage for a quarterback, or the number of touchdowns a running back will have in a game, are two examples. A betting line would be set with an installed number, and the wager would be made according to the guidelines of the bet. NFL player props can be a lot of fun, with tons of them formed for the different games each week.
Understanding NFL Live Betting Odds
One of the newer types of betting onto the scene in NFL betting is Live Betting. Live Betting has become one of the more popular aspects, with the technology that online sportsbooks possess. Live Betting on the NFL can be done from your own computer, mobile device, or in-person at a sportsbook that offers it. In short, instead of placing your bet at the beginning of the game and awaiting the outcome, live betting allows you to place action on a game at any moment during that game. Odds, spreads, and point totals are all available but will constantly be changing as each second of the clock influences the betting lines. Live wagering on the NFL is the most interactive form of betting yet and can be very exciting. In this style, being informed and confident are requirements as getting in at the right time is half the battle.
Betting Odds For The Super Bowl + Online Wagering Guide
Super Bowl betting odds for the upcoming or current NFL season are up almost year-round at online sportsbooks. In fact, almost the day after the Super Bowl from the previous year is completed, oddsmakers form odds to win the next season's Super Bowl. And these odds remain up through offseason, preseason, and the regular season up until the Super Bowl matchup is known.
The different ways to bet on Super Bowl odds can be very simple or they can be slightly more involved. It's not always just betting on the team that you think will win the Super Bowl. No, no sir! There is much more to take in and even the odds to win the Super Bowl can change drastically from week to week.
Get More Help:Super Bowl Odds Explained
NFL Wager Types
There are several different types of NFL bets that can be made on a game. Oddsmakers form game lines, but the type of bet you choose to make is up to you. There is the straight bet which is your basic bet on a game or prop. But then there are bets that link multiple games together like a parlay or and if bet. There are also bets that can switch up the betting lines like a teaser or a pleaser. Get more help learning about those here:
Parlays | Teasers | If-Bets | Pleasers | Straight Wagering
Bovada Sportsbook - Top SportsBook For NFL Games
With the games just now starting and the season just now beginning, the NFL is one of the most exciting sports that players look to watch and love to bet on. This is why all players on SportsBetting are cashing big on their accounts. The point spread and betting odds on NFL games are huge and shown to be very profitable. The banking methods here are also easy for players to deal with and makes it simple for them to transfer money on to their account and get them ready for NFL games.
Prop bets and point spreads stick out on SportsBetting as a few of the top betting options there for players as they get ready to make money. The NFL Season is so long so there is money that can be won a lot throughout the season and also throughout the game using the live betting option. SportsBetting is known to have a lot of sports to wager on but when it comes to NFL games, players' eyes get big and wallets get bigger as well.
BetOnline Sportsbook - NFL Games At The Top For BetOnline Players
Take the first step and sign up for BetOnline as you will not regret it! The NFL season is just now getting started so this is the best time for players to have their account created and be able to join in on the fun of making a lot of money. The betting odds are the best here on BetOnline as you will find great point spreads, and moneylines all the time with different games.
Prop bets and mobile betting features are here as well and players love to use these betting options. The money that can be one is huge and all players have to be is 18 and older to sign up for an account with BetOnline. When players see the point spread here and also the Moneyline, they are very excited because of how much money they can see themselves winning. BetOnline has it all and this is where all players come to play and win huge!
MyBookie Sportsbook - NFL Fans Love MyBookie
When it comes to placing bets on the most exciting sport out there, MyBookie is the answer for most players. This online sportsbook has all the things that players look for an that is especially for NFL games. Fans have their favorite teams and most of the time there are a lot of prop bets for each game so this means that fans will stay happy with betting options here for players. This is just where the knowledge that they can spend money and have a chance to make more money while they watch their favorite team.
The live betting option is one that players do not need to look over. There always NFL games going on and these games turn once the second half starts. This is what makes games so exciting. Players can start off cold and get hot the next half and if a player puts the right bet down on them, the money will easily flow their way. MyBookie Sportsbook is known to many players as one of the better sportsbooks and the NFL games that they offer makes it even better!
Where Should I Bet On NFL Online? Who Can I Trust?
Sportsbooks | USA? | |
| $1,000 Max - 50% Bonus | All 50 States | Go To BetOnline |
| $250 Max - 50% Match | 46 States | Go To Bovada |
| $1,000 Max - 50% Bonus | All 50 States | Go To MyBookie |
| 100% to $300 | All 50 States | Go To Xbet |
| $1,000 Max - 50% Bonus | All 50 States | Go To Sportsbetting |
Money Line betting is the most common type of sports bet. The simple format ensures it's a popular choice for beginner bettors. However, more advanced bettors will still turn to this market to find value. What is a Money Line bet? How does Money Line betting work? Read on to find out.
What is a Money Line bet?
Money Line betting is one of the simplest and most common ways to bet. There will usually be two options presented in a market and all you have to do to place a Money Line bet is choose who you think will win and place a bet on them. The easiest way to describe what a Money Line bet is, is to think of it as a 'match winner' bet.
If you place a Money Line bet and the team or person you have bet on wins, your bet will win. If the team or person you have bet on loses, your bet will lose. In order to calculate the potential return from your Money Line bet, simply multiply your stake (the amount you bet) by the decimal odds of the option you are betting on.
How does Money Line betting work?
Money Line betting is most prevalent in sports like baseball, tennis and UFC. While it is still a popular choice for betting on the NBA and NFL, the high scoring nature of sports like basketball and American football mean other bet types are more widely used (such as Totals or Handicap).
Although Money Line betting is most common in sporting events that feature two teams or competitors where the result cannot be a draw or tie, people may also refer to a Money Line market in soccer or other sports that can end in a draw.
This could either be a three-way Money Line market (which includes the draw). However, this is more commonly referred to as the 1X2 market (1 representing the home side, X the draw and 2 the away side). Alternatively, there is a more standard two-way Money Line market in soccer which will adjust the odds to remove the option of the draw and simply 'push' (return your stake amount) if there is no winner.
It is important not to tie yourself to a specific market and say you will only bet the Money Line, Handicap or Over/Under. While you may specialise in a certain market, it can still be useful to analyse the complete picture of an event provided by the betting market
Unlike other markets like the Over/Under (Totals) or Handicap, Money Line bets are settled solely on the result of the match – it is not impacted by the winning margin or points scored. The odds offered will reflect who is most likely to win (the favourite) and who is likely to lose (the underdog).
Although the Money Line is different to the Handicap market, there is a clear correlation between the two. The higher the Handicap mark is on the favourite, the more likely they are to win. This means the higher the Handicap is, the shorter the Money Line odds will be on the favourite (meaning the odds on the underdog will be bigger).
Handicap betting is often a popular alternative to the Money Line when there is a large disparity between the quality of two teams or competitors taking part in a match. If you are confident enough in a team winning that you think it will be greater than a specific margin, this is a case where a Handicap bet might more sense as it will provide you with an opportunity to make more money from your bet (picking a team to win by more than a certain amount of points is harder than just predicting them to win by any margin).
What is the difference between the Money Line and 1X2 betting markets?
As previously mentioned, the difference between the Money Line and 1X2 betting markets might appear to be a relatively minor difference, but it will have a big impact on the odds you bet with and the result of your bet.
Explanation Of Betting Odds For Football
NFL Over / Under Bets Explained - Total # Statistical Wagers
Another straightforward way to bet on the NFL is through point totals or over/under bets. These can be broken down by each team, but the numbers you often here on sports betting shows and news is the combination of both teams. Often, these point totals are the most common style of wagering, as bettors can gain insight on certain team's scoring abilities, defensive prowess, and offensive tempo. Payouts are typically right around 'Even' money (minus the juice) because there are just two choices.. over or under.
Article: Over / Under Betting Odds Explained
Weekly Game + NFL Team Proposition Wagering
Outside of game lines, oddsmakers form what are called proposition betting odds. These are other types of betting lines formed that are not betting on the outcome of the game specifically. In fact, NFL team prop betting lines can range in nature quite a bit. For example, in an NFL matchup, a team prop line might be formed asking which team will score 10 points first. The wager would be made on one of the two teams and whoever reaches this mark first dictates the winner of the prop bet. After the proposition is met, the wager is done and the rest of the game does not matter. Other examples include how many total sacks both teams will tally, what the longest field goal of the game will be, and so on. Team Prop odds are a fun way for bettors to place wagers on outcomes outside of the game lines.
Understanding How NFL Player Proposition Wagers Work
NFL player prop lines are another type of proposition betting line. And just like team props, these do not directly relate to the outcome of an NFL matchup. They can have an effect, but that is not what you are wagering on. A player prop NFL line is typically performance-based. For example, the total passing yardage for a quarterback, or the number of touchdowns a running back will have in a game, are two examples. A betting line would be set with an installed number, and the wager would be made according to the guidelines of the bet. NFL player props can be a lot of fun, with tons of them formed for the different games each week.
Understanding NFL Live Betting Odds
One of the newer types of betting onto the scene in NFL betting is Live Betting. Live Betting has become one of the more popular aspects, with the technology that online sportsbooks possess. Live Betting on the NFL can be done from your own computer, mobile device, or in-person at a sportsbook that offers it. In short, instead of placing your bet at the beginning of the game and awaiting the outcome, live betting allows you to place action on a game at any moment during that game. Odds, spreads, and point totals are all available but will constantly be changing as each second of the clock influences the betting lines. Live wagering on the NFL is the most interactive form of betting yet and can be very exciting. In this style, being informed and confident are requirements as getting in at the right time is half the battle.
Betting Odds For The Super Bowl + Online Wagering Guide
Super Bowl betting odds for the upcoming or current NFL season are up almost year-round at online sportsbooks. In fact, almost the day after the Super Bowl from the previous year is completed, oddsmakers form odds to win the next season's Super Bowl. And these odds remain up through offseason, preseason, and the regular season up until the Super Bowl matchup is known.
The different ways to bet on Super Bowl odds can be very simple or they can be slightly more involved. It's not always just betting on the team that you think will win the Super Bowl. No, no sir! There is much more to take in and even the odds to win the Super Bowl can change drastically from week to week.
Get More Help:Super Bowl Odds Explained
NFL Wager Types
There are several different types of NFL bets that can be made on a game. Oddsmakers form game lines, but the type of bet you choose to make is up to you. There is the straight bet which is your basic bet on a game or prop. But then there are bets that link multiple games together like a parlay or and if bet. There are also bets that can switch up the betting lines like a teaser or a pleaser. Get more help learning about those here:
Parlays | Teasers | If-Bets | Pleasers | Straight Wagering
Bovada Sportsbook - Top SportsBook For NFL Games
With the games just now starting and the season just now beginning, the NFL is one of the most exciting sports that players look to watch and love to bet on. This is why all players on SportsBetting are cashing big on their accounts. The point spread and betting odds on NFL games are huge and shown to be very profitable. The banking methods here are also easy for players to deal with and makes it simple for them to transfer money on to their account and get them ready for NFL games.
Prop bets and point spreads stick out on SportsBetting as a few of the top betting options there for players as they get ready to make money. The NFL Season is so long so there is money that can be won a lot throughout the season and also throughout the game using the live betting option. SportsBetting is known to have a lot of sports to wager on but when it comes to NFL games, players' eyes get big and wallets get bigger as well.
BetOnline Sportsbook - NFL Games At The Top For BetOnline Players
Take the first step and sign up for BetOnline as you will not regret it! The NFL season is just now getting started so this is the best time for players to have their account created and be able to join in on the fun of making a lot of money. The betting odds are the best here on BetOnline as you will find great point spreads, and moneylines all the time with different games.
Prop bets and mobile betting features are here as well and players love to use these betting options. The money that can be one is huge and all players have to be is 18 and older to sign up for an account with BetOnline. When players see the point spread here and also the Moneyline, they are very excited because of how much money they can see themselves winning. BetOnline has it all and this is where all players come to play and win huge!
MyBookie Sportsbook - NFL Fans Love MyBookie
When it comes to placing bets on the most exciting sport out there, MyBookie is the answer for most players. This online sportsbook has all the things that players look for an that is especially for NFL games. Fans have their favorite teams and most of the time there are a lot of prop bets for each game so this means that fans will stay happy with betting options here for players. This is just where the knowledge that they can spend money and have a chance to make more money while they watch their favorite team.
The live betting option is one that players do not need to look over. There always NFL games going on and these games turn once the second half starts. This is what makes games so exciting. Players can start off cold and get hot the next half and if a player puts the right bet down on them, the money will easily flow their way. MyBookie Sportsbook is known to many players as one of the better sportsbooks and the NFL games that they offer makes it even better!
Where Should I Bet On NFL Online? Who Can I Trust?
Sportsbooks | USA? | |
| $1,000 Max - 50% Bonus | All 50 States | Go To BetOnline |
| $250 Max - 50% Match | 46 States | Go To Bovada |
| $1,000 Max - 50% Bonus | All 50 States | Go To MyBookie |
| 100% to $300 | All 50 States | Go To Xbet |
| $1,000 Max - 50% Bonus | All 50 States | Go To Sportsbetting |
Money Line betting is the most common type of sports bet. The simple format ensures it's a popular choice for beginner bettors. However, more advanced bettors will still turn to this market to find value. What is a Money Line bet? How does Money Line betting work? Read on to find out.
What is a Money Line bet?
Money Line betting is one of the simplest and most common ways to bet. There will usually be two options presented in a market and all you have to do to place a Money Line bet is choose who you think will win and place a bet on them. The easiest way to describe what a Money Line bet is, is to think of it as a 'match winner' bet.
If you place a Money Line bet and the team or person you have bet on wins, your bet will win. If the team or person you have bet on loses, your bet will lose. In order to calculate the potential return from your Money Line bet, simply multiply your stake (the amount you bet) by the decimal odds of the option you are betting on.
How does Money Line betting work?
Money Line betting is most prevalent in sports like baseball, tennis and UFC. While it is still a popular choice for betting on the NBA and NFL, the high scoring nature of sports like basketball and American football mean other bet types are more widely used (such as Totals or Handicap).
Although Money Line betting is most common in sporting events that feature two teams or competitors where the result cannot be a draw or tie, people may also refer to a Money Line market in soccer or other sports that can end in a draw.
This could either be a three-way Money Line market (which includes the draw). However, this is more commonly referred to as the 1X2 market (1 representing the home side, X the draw and 2 the away side). Alternatively, there is a more standard two-way Money Line market in soccer which will adjust the odds to remove the option of the draw and simply 'push' (return your stake amount) if there is no winner.
It is important not to tie yourself to a specific market and say you will only bet the Money Line, Handicap or Over/Under. While you may specialise in a certain market, it can still be useful to analyse the complete picture of an event provided by the betting market
Unlike other markets like the Over/Under (Totals) or Handicap, Money Line bets are settled solely on the result of the match – it is not impacted by the winning margin or points scored. The odds offered will reflect who is most likely to win (the favourite) and who is likely to lose (the underdog).
Although the Money Line is different to the Handicap market, there is a clear correlation between the two. The higher the Handicap mark is on the favourite, the more likely they are to win. This means the higher the Handicap is, the shorter the Money Line odds will be on the favourite (meaning the odds on the underdog will be bigger).
Handicap betting is often a popular alternative to the Money Line when there is a large disparity between the quality of two teams or competitors taking part in a match. If you are confident enough in a team winning that you think it will be greater than a specific margin, this is a case where a Handicap bet might more sense as it will provide you with an opportunity to make more money from your bet (picking a team to win by more than a certain amount of points is harder than just predicting them to win by any margin).
What is the difference between the Money Line and 1X2 betting markets?
As previously mentioned, the difference between the Money Line and 1X2 betting markets might appear to be a relatively minor difference, but it will have a big impact on the odds you bet with and the result of your bet.
The key difference between the two market types is the availability of the draw option. The Money Line traditionally only offers two options, Team/Player A to win and Team/Player B to win. However, the 1X2 market (most common in soccer) has both of these options, plus the draw.
Some people believe the difference is simply down to a preference of terminology, and that is why it's important to know what you're betting on if you're talking about the Money Line if a draw is a potential outcome. You need to determine if it's another way to refer to the 1X2 market (a three-way Money Line) or the traditional Money Line that doesn't include the draw. If you're betting on the 1X2 and think it's a normal Money Line bet, you will be in for a surprise when your stake isn't refunded if the result is a draw.
Money Line bet example
While the concept of a Money Line bet is simple to understand, it can still be useful to go through an example to help those new to betting. Below is an example of a Money Line market for an NFL game at Pinnacle.
These odds suggest the Kansas City Chiefs have a 79.56% chance of winning the game, whereas the Houston Texans have a 20.44% chance.If you believe the Houston Texans will win, or have a greater than 20.44% chance of winning, you may want to place a Money Line bet on them.You then simply add the selection to your bet slip and place the bet.
If the Houston Texans beat the Kansas City Chiefs, this would result in a win for your bet and a return of €47.40 (€37.40 profit and your €10 stake).If the Chiefs were to beat the Texans, the result of the bet would be a loss and it would return €0.
Money Line betting strategy: When to bet the Money Line
Explanation Of Betting Odds In Baseball
Once you understand how Money Line betting works, there are various methods or strategies you can use to decide what to bet on.Those who bet for fun may just choose their favourite team or the team that, based on their opinion, they think has the best chance of winning.However, those who are serious about betting will be more concerned with the concept of value and will want to bet on the team that has been underestimated by the odds provided by the bookmaker.
Sports Betting Odds
If your aim is to use a Money Line betting strategy to make a long-term profit, an understanding of probability is key. This is where converting odds into percentage chance can help give you a better idea of how the bookmaker (and rest of the betting market) think a game will play out.
Whether you use a complex model, a simplified power rankings system or just odds comparison from an efficient bookmaker to one that hasn't managed their odds correctly, the concept of value always remains the same. You are looking for an option within the market that has a greater likelihood of happening than that shown by the available odds.
How Do Odds Work In Betting
It is important not to tie yourself to a specific market as a bettor and say you will only bet the Money Line, Handicap or Over/Under. While you may specialise in a certain market or have access to data that will make it easier to find an edge, it can still be useful to analyse the complete picture of an event provided by the betting market to help inform the decision making process before placing a bet.
