Football betting is extremely popular in the USA and it’s no real surprise. NFL stands as the biggest sport in America, with 16.5 million people on average tuning in to watch a single game and a total of 99.9 million viewers watching the SuperBowl final in 2020.
With American Football being the most popular sport to watch and play in the United States, it’s no surprise that it’s also one of the favourite sports to bet on. The National Football team consists of 32 teams, divided across the NFL and AFC.
As well as the NFL league, America’s love for football spreads to college football. Within college football, there are a total of 124 teams in the Football Bowl Subdivision, divided into 11 conferences.
With so many teams to choose from, it’s important to understand the type of bets made in the games and where to get the best odds from.
Football betting options
Point spread is one of the most common ways to bet on an NFL game. This wager is about you covering the spread to win the bet. The bookmaker will make, what we call, the ‘line’ for the team to win. Each team will have a (+) or (-) handicap which will be factored into the final score.
For example, Greenbay Packers (-4) is favoured by 4 points. Greenbay must win the game by more than 4 points for the player to win their bet on GreenBay. If the player bets New York Giants (+3), New York Giants must win the game outright or lose by two points or less for the player to win.
A Moneyline wager is one that is placed on either the favourite team or the underdog to win. Odds are associated with each team based on their probability of winning, the bigger the odds the bigger the payout.
Quarter and 1st Half Lines
This gives you the ability to place a bet on a point spread or total for only the first or second half of a game. A first-half wager is determined by the score once a game reaches halftime.
Totals or Over/Unders
Over and Unders is betting on whether the final score will be over or under the bookmaker’s prediction.
For example, if the O/U for Las Vegas Raiders and San Francisco 49ers is 24.5, you’ll need at least 25 points scored to win the over and a max of 24 points scored to win the under.
This is a bet which combines several teams into a single bet. To win a parlay, all of the teams in the parlay must win.
There are different types of parlays where you can not just bet on the overall winner but events, money lines and spreads. Due to parlays being one of the riskier football betting types, they do reward you with greater winnings.
A prop bet is a wager on an individual player or specific event. They can take many forms, such as player performance, team performance, think Tom Brady is going to throw for 300+ yards and so much more. These are mostly considered as fun bets as the possibilities are endless.
As the name suggests, futures bets are based on an event that will occur in the future. The most popular bet in the NFL is who will win the Superbowl. You can also place several futures bets on other potential outcomes, such as who will win each division to who will win the league’s MVP.
Live/ In-Game Betting
In live betting is the ability to give you options as the game progresses. The odds are dynamic and will update throughout the game, based on the action taking place in front of you or streaming through TV.