Betting on Football
Betting on football involves wagering on the outcome of games and events within games. The most common types of bets include point spread bets, where a team must win by a certain margin, and over/under bets, where the total number of points scored by both teams is predicted. Futures bets, where a wager is placed on a team to win the championship before the season starts, and prop bets, where a wager is placed on a specific event or outcome within a game, are also popular. It's important to understand the rules and regulations of betting in your area, and to only gamble within your means. You can bet football either in a sports book or online. Check out our favorite place to bet football online.
In addition to the types of bets mentioned earlier, there are also moneyline bets, where a bettor simply chooses which team will win the game outright. Another popular type of bet is the parlay, where a bettor combines multiple bets into one and all bets must win in order for the bettor to receive a payout.
Popular Football Bets
Money Line Bets
Moneyline bets are a popular form of betting in football, as well as other sports. In a moneyline bet, a bettor simply chooses which team will win the game outright. Unlike point spread bets, where a team must win by a certain margin, or over/under bets, where the total number of points scored by both teams is predicted. A moneyline bet only requires the chosen team to win the game in order for the bettor to receive a payout.
When placing a moneyline bet, bettors will see odds listed in a certain format. For example, a moneyline bet may be listed as:
Team A +150
Team B -180
The plus sign in front of the number (150) indicates that Team A is the underdog in the game. A $100 bet on Team A would pay out $150 if they win the game. The minus sign in front of the number (-180) indicates that Team B is the favorite in the game. A $180 bet on Team B would be necessary to win $100 if they win the game.
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Moneyline bets are a popular option for bettors who are confident in their ability to predict the winner of a game. They can also be a good option for bettors who are new to sports betting and want to start with a simple bet type.
It's important to note that in football there are many different levels of competition and the moneyline odds will change depending on the teams playing. In general, when betting on professional teams the odds will be tighter and with less room for error, while when betting on college teams the odds will be wider and with more room for error.
Another important point to keep in mind when placing moneyline bets is to consider the potential payout. For example, while it may be tempting to place a bet on the favorite team, the payout may not be as large as it would be if you placed a bet on the underdog team. As a result, it's important to weigh the potential payout against the likelihood of the team winning before placing a moneyline bet.
Moneyline bets are a simple and straightforward way to bet on football. They only require a bettor to predict the winner of a game, and the potential payout is determined by the odds listed for each team. It's important to consider the potential payout as well as the likelihood of a team winning before placing a moneyline bet.
Parlays
Parlays are a type of bet that can offer higher payouts than individual bets, but they also come with added risk. They can be a good option for experienced bettors who are looking to increase their potential payout while managing their risk, but they may not be suitable for all bettors. A parlay is a type of bet in which multiple wagers are placed on different events or outcomes. If all of the bets in the parlay win, the bettor earns a higher payout than if each bet had been made separately. However, if any of the bets in the parlay lose, the entire parlay loses. Because of the added risk, parlays typically offer higher payouts than individual bets.
Parlays can be placed on a variety of events, including football and basketball games, horse and dog races, and even non-sport events such as politics and reality TV shows. They can be made with both point spreads and moneylines, and they can include a combination of different types of bets, such as over/unders and straight bets.
One of the main benefits of parlays is that they can increase the potential payout for a given amount of money wagered. For example, if a bettor places $100 on a single game with a moneyline of +150, they would earn a $150 payout if the team they bet on wins. However, if the same bettor places a $100 parlay that includes that same game and another game with a moneyline of +200, they would earn a $450 payout if both teams win. The downside to parlays is that they are riskier than individual bets because all bets in the parlay must win for the bettor to earn a payout. This can make parlays less attractive to some bettors, especially those who are risk-averse.
Parlays are also a popular option among professional bettors. Players often use them as a way to increase their potential payout while also managing their risk. By placing a parlay that includes multiple bets with different odds, professional bettors can increase their chances of winning. Additionally hedging against the risk of losing all of their bets.
Point Spread Bets
A point spread bet, also known as a “spread bet” or “line bet,” is a type of wager in which a sportsbook will set a line on a game. Bettors can wager on one team to either “cover” the spread. This is to win by more than the set line or “not cover” the spread (win by less than the set line or lose the game). The point spread is designed to make both teams equally attractive to bettors. Essentially leveling the playing field.
Point Spread betting is a way of making the betting even by adding a spread to the favorite team. Betting on the point spread means you are betting against the spread. The bet becomes exciting as the bettor is interested in winning even if their team loses the match.
For example, let's say the New England Patriots are playing the Miami Dolphins and the point spread is set at 7 points. When you bet on the Patriots to cover, they would need to win the game by 8 or more points for you to win your bet. If you bet on the Dolphins to cover, they could either win the game or lose by 6 points or less for you to win your bet. If the Patriots win by exactly 7 points, the bet is considered a “push” and your original wager is returned.
Spread betting is also known as betting against the spread. This is because of the half point added to the favorite team to make the betting even. It's important to note that spread bets typically come with a “juice” or “vig,”. This is a commission that the sportsbook takes out of each wager. This juice can vary depending on the sportsbook, but it's usually around 10% of the bet.
Spread betting is a popular way to bet on sports because it allows bettors to potentially win money even if their team loses the game. It also adds an extra level of excitement to watching the game, as bettors are rooting for their team to not only win, but also beat the spread.
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