NFL betting has become more diverse in 2023, providing a plethora of options for enthusiasts. From single-game bets like point spreads, moneylines and totals to multiple-game bets like parlays and teasers, there’s something for everyone. Additionally, prop bets, futures, and in-game live betting add excitement to the mix.
This article will explore the most popular types of real money NFL bets and wagers on America’s favorite sport.
Single-Game NFL Bets and the Point Spread
When visiting a reputable NFL betting site, you’ll encounter several wager options for each game, including point spread bets and totals bets.
Betting against the spread is the most popular way to wager on football. The point spread serves as a means to level the playing field between teams. To win a point spread bet, the favored team must not only win the game but also do so by a specific number of points (the spread). Conversely, the underdog can cover the spread by either winning the game outright or losing by a margin smaller than the spread.
The spread encourages equal betting on both teams. It is common to see spreads with half-points to avoid ties or pushes.
Betting the Moneyline
While less popular than point spread bets, betting the moneyline is the simplest type of NFL bet to understand. When betting the moneyline, you are simply picking the team that will win the game.
It’s important to note favorites have negative odds, while underdogs have positive odds.
Betting Totals (Over/Under)
When betting on totals, you focus on the overall number of points scored in a game, regardless of the winning team. This type of bet is often referred to as over-under betting. The sportsbook sets a total point threshold, and bettors can choose to bet on whether the total points scored will be over or under that threshold.
Multiple-Game NFL Bets
For those looking to bet on multiple games, parlays and teasers offer enticing opportunities:
Parlays involve combining multiple events into a single bet. You can include various types of bets, such as moneyline, point spread, or totals bets, from different games. To win a parlay, all selected events must be predicted correctly. Although the potential payout increases, the risk is higher since getting even one event wrong results in losing the entire bet.
Teasers are a specific type of parlay in which all bets are against the spread or the total. With teasers, bettors can adjust the point spread or total in their favor by a predetermined number of points. However, the potential payout decreases compared to traditional parlays due to the improved spreads.
Other NFL Bets
Apart from the popular single-game and multiple-game bets, the NFL offers additional betting options:
- NFL Prop Bets
Proposition bets, or props, are prevalent during the Super Bowl but are also available throughout the regular season. These cover a wide range of scenarios, such as the first team to score, individual player performance, and even non-football-related events during the Super Bowl.
Futures bets allow you to wager on long-term outcomes, such as the winner of the Super Bowl or individual player awards. You can also bet on team win totals for the season.
- In-Game Live Betting
Live betting enables bettors to place wagers during a game, with odds and lines adjusting based on the game’s progress. This type of betting offers real-time excitement and includes options like predicting the outcome of the next play or specific in-game events.
As the NFL betting landscape continues to expand, sports bettors are presented with a wide array of wagering options. From single-game bets like point spreads and totals to multiple-game bets such as parlays and teasers, there is something for every type of bettor. Additionally, props, futures, and in-game live betting offer unique opportunities for enthusiasts to engage with the sport in new and exciting ways. As always, it’s important to bet responsibly and enjoy the thrill of NFL betting.
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