The first and most common bet is the straight bet, which simply means the team wagered on must win by the point spread given at the time of the wager. Most of the time the odds on a straight bet is -110, which means for every $110 bet, you win a $100 back.
Betting on football isn't as simple as just picking the eventual winner of the game, you've got to consider who will win, but more importantly by how much. The point spread is considered the great equalizer in football betting, and being on the right side of that line is the goal of every football bettor.
How Does Football Betting Work And The Different Types Double Chance betting:. Also popular among football fans is the Double Chance bet. Bet on a draw as well as a winner at... Handicap betting:. Handicap betting means that the team will receive a + or – handicap at the beginning of the game. If... ...
How Does American Football Betting Work? Point Spread. Point spread is the most popular method in American football betting. A point spread is the method used to... Odds. The point spread is associated with the odds. The odds are the betting line that bettors wage their money on. Money Line. The ...
See more videos for How Does Football Betting Work
There are several ways to bet on NFL action. We’ll begin with the most simple type of bet: The moneyline. Taking the Moneyline means you’re betting on the winning team regardless of the margin of victory. Underdogs will get plus-odds on the moneyline and the favorites will have negative odds.
The basics of how betting works are really quite simple. Two or more parties agree a bet on whether something will or won’t happen. Something of value is wagered, usually money, and there are typically odds involved. Whoever is correct wins the bet and the other party or parties must pay out accordingly.
The most common betting line for a point spread is -110. A -110 line on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent (aka juice) to the sportsbook, which is essentially a fee for brokering the wager. So, the -110 indicates that a bettor must risk $110 to win $100.
NFL teaser bets are popular among sports bettors. When teasing NFL games, bettors can buy either 6, 6.5, or 7 points to add to the point spreads. Bettors then use these points to move the favorite line down or push the underdog odds up. Six-point NFL teasers are probably the most common teaser bet.