It is well know that the NFL is the most popular sport in the United States, but there is one secret that the leaders of the NFL don’t want you to know: Much of the NFL’s popularity is directly linked to NFL betting. People love to bet on NFL football, and the game lends itself so nicely to the average fan placing some money on their favorite team, or on a hunch.
One of the reasons NFL betting has become so popular is that there are a number of ways that you can bet on a NFL game. These different wagers range for low risk with low payouts while other wagers offer high risk with high payouts. This article will cover some of the basics to get you started making money and realizing why NFL betting is so popular.
The Point Spread –The point spread is the most popular form of NFL betting. A point spread is a number made up by oddsmakers that is presented to the sportsbooks who in turn offer this number to the gamblers to either take the favorite or the underdog. The number is created with the idea that the public will be divided and bet equally on both sides.
The Moneyline – This type of wager eliminates the point spread and results in you either risk more money on the favorite to win less or a little bit on the underdog which pays more. The moneyline is bet based on odds, not a point spread.
Over/Under – Another popular type of NFL betting is the over/under. This bet has nothing to do with spreads or moneylines. This type of bet is specific to the total points scored in the game by both teams. You can select to bet on either the over or under of the posted total.
Parlays – The parlay is probably the best low risk/high reward wager that can be made in NFL betting. The parlay is a type of bet that allows you to wager a small amount with the opportunity to win a large payout. You can bet as little as a one dollar, but depending on how many bets you include in the parlay you can end up winning big. A parlay is betting on 2 or more types of bets, typically either against the point spread or the over/under. They catch is that every pick you make has to win. Even one loss makes your parlay bet a loser. The more bets you make, the less likely you are to win. But if you are skilled or lucky enough to pick multiple games the parlay lets you turn a small bet into a big payout.
Teasers – These are bets that are similar to a parlay in that you have to bet 2 or more teams and both have to cover except these are a bit more fun in that you can add or subtract points from the point spread. A teaser is great if you are the type of gambler who is constantly losing by a point or two after handicapping your games because it allows you take a point or two whenever you believe they are necessary.