Updated on: November 27th, 2024
NFL Odds 2024 – How to Read NFL Odds
Understanding how NFL odds means you will never miss out on making bets on the exciting National football league. Football is rated as Americas most popular sport and every year football enthusiasts come out in numbers to not only watch the sport but place bets.
So, how do NFL odds work? Firstly, Football odds are similar to what you would find in popular sports betting. Secondly, there are no strange new odds that you have to familiarize yourself with. Thirdly, read our guide to get started.
With that, NFL odds Superbowl options are straightforward and easy to understand. Similarly, to NFL odds week 1, NFL odds futures and other options.
The NFL is made of 32 teams and three seasons. You can place bets even before the league begins. In turn, you arenot limited to placing NFL bets on who will win the Superbowl or the championship. However, having an idea of how NFL odds to win super bowl work will work in your favor.
Once the NFL season starts every Sunday is like a huge football event. The last thing you want is to miss out on the fun because you can’t read the odds. Our NFL guide goes over the popular NFL betting methods used by top sportsbook and bookmakers.
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Types of NFL Odds
There are four best NFL odds that every football punter has to know and understand. Furthermore, these will help you make better decision rather than simply betting on your home team.
NFL Point Spread
Betting on the NFL Football is not betting if we don’t talk about the king of odds, the point spreads. Also known as the line, spread betting is a favorite amongst beginners and pro football bettors. The NFL lines bet can be thought of as the predicted margin of victory.
Bookmakers choose a number that will encourage an equal number of bettors to bet on the favorite of the underdog. The negative number indicates the number the team is favored . The positive football lines indicates that the team is the underdog by that number of points
Example:
Kansas City Chiefs -14.5
Baltimore Ravens +14.5
In this example, the Chiefs are the favorites, and the Ravens are the underdog. For bettors to win their bet, the chiefs will have to win the game by 15 goals scored or more to cover the NFL spreads. The underdog wins if they lose by 14 points or less. This is also known as covering the spread.
Best NFL Moneyline Bets
The moneyline bets are gradually gaining popularity as more bettors begin to understand how to read NFL odds. The money line is based on which team will win the game. There are no requirements for winning. The team with unfavorable odds is the favorite, and the team with favorable odds is the underdog.
Example:
Ram -200
England Patriots +150
In this example, the Rams are the favorite, and the Patriots are the underdogs. If you bet on the favorite, you will have to risk $200 to win $100. If you bet on the underdog, you will need a $100 bet to win $150. The money line offers a more significant profit for less risk.
NFL Odds Over Under
The Total bet is commonly known as over-under football betting. The sportsbook will estimate what the total combined score will be in a match and you have to bet on whether the final score will be over or under the sportsbook’s total.
Example: in a match between the Bills and the Jets the sportsbook will issue a total of 45.5. If you choose the over bet, you are hoping the final combined score will be over the sportsbook’s 45.5 total. Therefore, if the total score is indeed over the sportsbook total, you will win the bet. Also, If your bet is under, the overall score has to be below 45 for your bet to win.
NFL Odds Futures
Future bets are some of the most thrilling bets that offer you lots of money and tons of fun. They are made on events that will only happen later in the league. For example, who will win the Superbowl. You have to remember that future bets are long term and placing a future bet ties your money for a long time.
Example: Miami Dolphins +6600. This means bettors stand to win $6600 if the bet $100 toward the Dolphins winning the championships.
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