Football is one of the major sports to bet on across the globe, and such is its popularity in the US that in Nevada, which is the only state that offers a traditional sportsbook, NFL betting makes up over 40% of the betting industry.
There are various popular NFL betting types. Firstly, there are three main types of straight bets in NFL, and it’s important to understand what those betting types mean before jumping into any bets.
One of the simplest is the moneyline bet, which is wagering on which team will win the game. Another NFL betting type is point spread – this can range from 3 to 10 points.
There is also totals (also known as over/under) – this type of NFL betting involves the oddsmaker producing a number based on how they think the game will go, with NFL odds sometimes varying between 30 and up to the high 50s. When you bet on totals, you need to choose if the number of points scored will be under or over the oddsmaker’s number.
For those who enjoy a riskier bet, parlays are very popular and combine two wagers into one – the bettor has to be correct on each individual wager or the whole stake will be lost. There are also teasers, which require all bets to be won to gain a profit and enable you to modify the totals line or point spread to lower the level of risk.
Finally, prop bets are wagers that aren’t related to the outcome of the game, such as which team will score a touchdown first, and live betting, which enables bettors to use computers or smartphones to place bets on each drive or each play.