NFL Bet Types - How To Bet on the NFL

Understanding The Moneyline

Before diving into all the different NFL wager types, you first need to understand how the moneyline works. A moneyline is attached to every single wager, with no exceptions. Most simply, the moneyline will either be a negative or positive number, most often found in parentheses alongside a given wager.

A negative moneyline indicates how much money you have to wager in order to win $100. Negative moneylines often indicate favorites or more likely outcomes. On the other hand, a positive moneyline shows how much money you can win on a $100 wager. Positive moneylines usually indicate underdogs, or less likely outcomes.

Note: Moneyline amounts are not betting minimums. Instead, they simply show each wager’s ratio of risk to reward. Most sites will accept wagers of as little as $0.50 to $1.00.

NFL Point Spreads

Betting against the spread is the most popular kind of football wager. Point spreads allow sportsbooks to “handicap” contests to entice action on both sides, taking points away from the favorite and giving them to the underdog. The following is an example of a typical NFL spread wager:

• New England Patriots -7.5 (-110) at Pittsburgh Steelers +7.5 (-110)

Here, the Patriots are 7.5-point favorites, meaning that in order to win the wager, they must beat Pittsburgh by at least 8 points. Conversely, the underdog Steelers can lose by up to 7 points and still win the bet. Note that both teams in this example have an associated moneyline of -110, meaning that you must pay at a ratio of $110 to win $100.  For a more in-depth explanation, visit our page on understanding football point spread betting.

NFL Moneylines

The straight NFL moneyline bet (aka the straight or straight-up wager) involves no handicapping and shows the terms of the wager:

• Seattle Seahawks +220 at Cleveland Browns -165

In this example, the Seahawks are big underdogs, and a $100 wager pays out $220 if they win the game outright. On the other side, Cleveland is a strong favorite, and a $165 wager would pay out $100. The bigger the underdog, the bigger the payout, while the bigger the favorite, the smaller the payout.

NFL Over/Under (Totals)

The third part of a game line is the over/under. NFL over/under bets are not concerned with who wins or loses. Instead, your sportsbook will assign a number to each game, and your task is to choose whether the two teams will combine to score more points or fewer points than that number:

• Dallas Cowboys at Washington Redskins O/U 37.5 (-110)

Here, if you think the Cowboys and Redskins will combine to score 38 or more points, you would pick the over. If you think they’ll score 37 or fewer points, you’d take the under. The moneyline, or price, is the same for both sides (-110), but this isn’t always the case.

Halftime Bets

Most sportsbooks will offer second-half wagers. These comprise the three main types listed above (spreads, straights, and totals), but they’re limited to only the first half of a given game. Sportsbooks used to simply halve their full-game odds to offer halftime lines, but that is no longer the rule, and many factors go into where a book sets its first half lines.

Quarter Bets

These are the same as halftime odds, only the moneylines are reduced further to reflect individual quarters. Quarter wagers will always be labeled by the quarter to which they refer (first, second, third, or fourth), and you will commonly find spread, straight, and over/under quarter lines offered at most online sportsbooks.

NFL Props

NFL propositions are wagers on an individual team or player performances within a given contest. Player props allow for gambling on things like the total number of TDs a QB tosses, the total number of yards an RB tallies, and so on. Team props are similar, allowing you to place wagers on how many total yards an offense will rack up, how many turnovers a defense will force, and more. Sportsbooks may also offer game props and broadcast props on marquee matchups. There is always an abundance of Super Bowl props available for the big game.

NFL Futures

For most, NFL futures are what keeps them going through the eternal funk of the football offseason. Futures wagers are exactly what they sound like: wagers that are based on longer-term outcomes. The most common type of futures are for the Super Bowl, where you can gamble on the team to win the next title. This comes as no surprise since the Super Bowl sees some of the biggest action at legal US-friendly sportsbooks. You can also typically find future odds for the NFL Playoffs and the Pro Bowl. Futures odds are typically available year-round, with the odds paying out more the further out you commit.

NFL Specials

Specials are commonly reserved for newsworthy behind-the-scenes events, like whether or not a player will be traded, ending a holdout, signing a big contract, etc. Draft specials are especially popular, allowing you to wager on a prospective star’s chances of being picked by a given team.

NFL Parlays

Parlay wagers are popular, allowing you to combine multiple different wagers into one giant bet with a bigger payout than the sum of its constituent parts placed individually. Most NFL sportsbooks will allow parlay tickets to combine 10 or more wagers, and you can sometimes even place cross-sport parlays.

Teasers

NFL teasers are a parlay bet where lines are shifted in your favor by the number of points indicated in the terms of the teaser. For example, if you have a 5-point teaser, each individual wager included in a given parlay will move in your favor by 5 points. As a result, a teaser will pay out less than a corresponding simple parlay.

NFL Pleasers

An NFL pleaser is the exact opposite of a teaser. Instead of moving the lines in your favor, pleasers move the lines of your parlay in the sportsbook’s favor. Pleasers are much tougher to hit on, but the payouts are substantially more than those of standard parlays.

NFL If Bets

The if bet is a kind of parlay where each leg is contingent on the success of the previous wager in the chain. In other words, if you place an NFL if bet, you have to hit on the first wager before the next wager has action, and so on.

NFL Round Robin Bets

Round Robins allow you to “box” your parlays. Let’s say you want to place a three-bet parlay involving all combinations of five potential wagers. By boxing your parlay into a Round Robin, you can save the time required to place all those different 3-leg parlays individually. Because a Round Robin increases your chances to win, the associated payout will be less than the payout you’d get for winning a standard parlay.

NFL Live Betting

Live wagering is an increasingly popular style of wagering. As opposed to traditional wagering, NFL live betting allows you to gamble as games are being played in real-time, with odds that are automatically updated to reflect the in-game action.

In-game gambling is extremely popular, and all the major online sportsbooks offer the amenity. Action is usually limited to the components of game lines (spreads, straights, totals) and player/team props, though different sportsbooks will offer different in-play options.

Mobile NFL Betting Apps

Today, most players expect not only to be able to wager online but also to be able to wager while out and about. Currently, mobile sports betting accounts for more than half of all online wagering action, and every major offshore sportsbook offers its full selection of lines and odds via mobile-optimized portals.

All you need to take advantage of the freedom that mobile wagering affords is a recent smartphone, tablet, or other modern mobile device and an Internet connection. To enjoy mobile betting, just log on to your sportsbook of choice and start making your picks!