If you are new to NFL betting and want to tap into the action, understanding the simplest betting types is a great place to start. While NFL betting offers many options, beginners must grasp the basics before diving into more complex wagers. In this tutorial, we will cover the simplest NFL betting types that will allow you to get started and enjoy the excitement of betting on America’s favorite sport.
Simplest NFL Betting Types
Here are the betting types you need to know when you bet on the NFL.
Moneyline Bets
One of the simplest and most common NFL betting types is the moneyline bet. In a moneyline bet, you pick the team you believe will win the game. The betting odds associated with each team will determine the potential payout. For instance, if the Kansas City Chiefs have a moneyline of -150 and the New England Patriots have a moneyline of +200, a $100 wager on the Chiefs would yield a $66.67 profit, while a $100 wager on the Patriots would yield a $200 profit.
Point Spread Bets
Point spread bets are another popular NFL betting type that adds excitement to the game. In a point spread bet, the sportsbook assigns a point spread to each team. The favorite will have a negative number (e.g., 3), while the underdog will have a positive number (e.g., +3). Underdogs can either win or lose the game depending on the point spread, with the favorite winning if the margin is greater than the spread. This type of bet creates a more even playing field and allows for more balanced odds.
Over/Under Bets
An over/under bet, also known as a total bet, focuses on the combined score of both teams in a game. The sportsbook sets a line indicating the predicted total number of points, and you can bet on whether the final combined score will be over or under that line. For example, if the over/under line is set at 48.5 and you bet on the over, the total combined score of both teams must be 49 or more for your bet to win.
Prop Bets
Proposition bets, or prop bets, are wagers on specific events or occurrences that may happen during an NFL game. These bets can be a fun way to engage with the game beyond the outcome. Examples of prop bets include betting on which player will score the first touchdown or which team will win the coin toss. Prop bets provide opportunities to showcase your knowledge or take a chance on some unique aspects of the game. You can read American NFL football news to learn more about what is happening in the league.
Parlay Bets
Combined bets are called parlays, and for the parlay to win, all individual bets must be correct. While parlay bets offer the potential for larger payouts, they also come with increased risk. Before experimenting with parlays, beginners should approach parlay bets cautiously and focus on understanding the more straightforward betting types.
In conclusion, these five NFL betting types: moneyline bets, point spread bets, over/under bets, prop bets, and parlay bets, provide a great starting point for newcomers to the world of NFL betting. By familiarizing yourself with these simplest betting types, you can begin to engage with the excitement and potential rewards of betting on NFL games. Remember always to bet responsibly, set a budget, and enjoy the thrill of football alongside your betting experience.
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