View our Super Bowl futures & props page for player odds and early odds for next season which should get underway on September 9, 2021.
Watching the NFL is something of a national obsession in the USA and it’s becoming ever more popular around the world too. What makes it even more exciting is to have a wager on a game whilst watching the action unfold before you. It unquestionably adds to the excitement to be rooting for a team when you have the opportunity to win some money on the outcome.
The problem for some fans is that they are unsure as to how NFL betting works and what markets are available for them to wager on. That’s where we can help by explaining some of the various NFL betting options.
How to bet on the NFL
If you are new to betting on the SuperBowl or regular/postseason NFL games then our football betting frequently asked questions(FAQ) section below will explain the different types of NFL bets available and give you a few pointers.
Frequently Asked Questions
What is MoneyLine betting in NFL?
The MoneyLine bet is the most straightforward wager you can have on any single NFL game, as all you are doing is selecting the team you believe will win the game.
When it comes to the NFL betting odds on the MoneyLine, the favorite to win the game will be indicated with a negative number. For example, -200, next to the team name. That means you would have to stake $200 on that team in order to win $100 (+ the return of your initial stake).
In this example, the underdog in the game might have odds on the MoneyLine of +150. That indicates that you would need to stake $100 on that team in order to win $150 (+ the return of your initial stake).
It’s worth noting that betting on the MoneyLine will offer a poor return when betting on a strong favorite in a game.
What is the Point Spread in NFL betting?
The Point Spread is the most popular market to bet on in an NFL game. With games rarely featuring what are perceived to be two evenly matched teams, the Point Spread is a market the sportsbooks use to level up the event.
Rather than simply having to win the game (as is the case with the MoneyLine), with the Point Spread the team deemed to be the favorite must do so by a specified number of points (the spread) for a wager on them to win.
In this example, the favorite team might have a Point Spread of say -5.5 (the half-point is sometimes referred to as a “hook”, which ensures there is no possibility of a push (or tie). That means that they would need to win by a 6-point margin or more for a wager on them to win.
In this instance, the underdog would have a Point Spread of +5.5, meaning that they would have to either win the game or to lose it by no more than 5 points for a wager on them to win.
How do you bet on Totals (Over/Under) in NFL betting?
In Totals or Over/Under betting, the result of the game is irrelevant. What you are concerned with is how many points will be scored overall in the game.
A sportsbook might set the Total at 51.5 points (the half-point “hook” again being there prevent a push). So, you would have two options to wager on when betting – Over 51.5 points (the combined points scored by both teams) or Under 51.5 points.
The Totals spread will be set at a point where the odds for Over and Under will either be the same, or there will only be a marginal difference.
What are Parlay bets in NFL?
A parlay (also known as an accumulator, combo bet or multi) is a single wager that links together two or more events, with each of them being required to win for the parlay to be a winning bet.
For example, you might have a bet on the Green Bay Packers, Dallas Cowboys, San Francisco 49ers and Pittsburgh Steelers all to win on the Point Spread in one round of matches. The first three of those teams might oblige, but should the Steelers fail to do so, the entire parlay is now a lost bet.
The beauty of a parlay bet is that it is possible to win a decent amount of money from a relatively small stake. However, the more events you include in any such bet, the more likelihood there is of at least one result letting you down.
What are Teasers bets?
A teaser bet is a combination of bets on two different games. However, as opposed to a standard parlay, a teaser bet enables the bettor to adjust the point spreads (so instead of +5.5 for example, you could perhaps have +6.0, +6.5, or +7.0 points) for the chosen games.
The result is that you would theoretically have a higher chance of your bet winning, but you would have a lower return in the event of a win.
What are Prop bets in NFL?
Although available throughout the NFL season, propositions (or prop bets), are most popular during the Super Bowl betting bonanza.
These can be relatively straightforward bets such as, which team will score first in the game or how many yards will a certain Quarter-back throw, to more novelty markets such as the time it takes to sing the National Anthem or what color of Gatorade will be used to drench the winning coach.
What is the Super Bowl?
The Super Bowl is the yearly championship game of the NFL (National Football League). Since 2004, the game has been played on the first Sunday in February. It is the pinnacle of a regular season that begins in the late summer of the previous year.
Which team won the 2021 SuperBowl?
Tom Brady claimed a seventh Super Bowl ring as the legendary quarterback led the Tampa Bay Buccaneers to a resounding 31-9 win over the Kansas City Chiefs in Super Bowl LV on Sunday, February 7, 2021. If there was ever any doubt that Tom Brady is the 'GOAT' then that accolade is now set in stone - Brady has won more Super Bowls than any NFL franchise! (New England Patriots & Pittsburgh Steelers have won six apiece). The game, held at Tampa Bay’s own Raymond James Stadium, was also historic in being the first Super Bowl in which a team was playing in their own stadium. They also became the first wildcard team to win a Super Bowl since the Green Bay Packers 10 years ago.