Learn How to Read the Odds in the World of NFL

While many people want to think they can accurately predict how an NFL game will plat out, it’s not that easy. In fact, Forbes recognized that the NFL is more unpredictable than ever. For those who are wanting to enter the world of sports betting via the National Football League, you’ve got to know the basics. That’s why we covered them here!

Point-Spreads (A.K.A. Lines, Sides, & Spreads)

This is the most popular type of wager placed by people focused on wagering on NFL teams/games as they see it as the solution to putting the NFL odds in their favor. The bookie chooses the number. For example, probabilities could be represented as Dallas Cowboys +9.5 and New York Jets -9.5. In this case, the New York Jets are considered less likely to win and that they’ll lose by 10 points or more (since 9.5 has a half associated, it’s rounded up).

When someone bets on the underdog, they’ll see a higher payout than if they were to place their bet on the favored team. A general rule of thumb is to add 10% to your wager to cover for what’s referred to as the house edge, so to win $200 on a $200 bet you would have to pay $220 when placing your bet against the spread.

Moneyline Bets

This is the most straight-forward type of betting, and it’s focused on who wins the game and who loses, regardless of how many points they win by or how high the overall score is in the game. If the team you bet on wins, your bet is recorded as a win. It works the opposite if they lose.

For many, its clarity is what inspires many bettors to go this route, especially if they don’t want to dig into the complexities of NFL scoring.

Totals

For every style of gambler, there’s always a type of betting that is a lot easier to understand and suits their specific style. This is for those who don’t want to place their bet on a team specifically, as it’s not allowed when betting on totals.

Simply put, totals betting is where the total points of the game teams will score overall. It may seem complex at first, but it gets easier when you put more thought into it. It’s one of the forms of NFL betting where you’ll want to have a guide to navigating the waters at first.

Will you be the next big winner? There’s only one way to find out.

For example, a lucky bettor placed a bet for $30,000 and ended up bringing home over $600,000. A great feat for anyone, and it’s a payout that’s worth noting. However, it doesn’t come easy, which is why you always want to do your homework and brush up on your skills when it comes to reading statistics.

The whole key is to find the strategy that works the best for you, combined with the best wagers. Stick to it, and surely, you’ll end up doing well!