How To Read Nfl Odds
From the time that betting lines are released until the time you’re ready to place your wagers, there can be some movement in odds, spreads, and totals. All of the above information is factored together, as are tons of other statistics and situational data. The end result is a set of lines which lists out the favorite and underdog, a point spread for sports that attract action on this front, and an estimated total. We can tell how big of a favorite or underdog one team is by looking at the moneyline . The Rays are huge favorites at -270, and the Orioles are sizable underdogs at +230. Checking out the moneyline, even if you aren’t betting on it, will help put the price of the run line into context.
We hope this short beginner’s guide to understanding and interpreting odds will give you the confidence to get out there and start making winning bets. Our experts are here to help you on this journey, so do not hesitate to contact us with any questions you have about sports betting! We have only scratched the surface on reading betting lines, but this is an excellent place to start. The terms “total” and “over/under” are synonymous when placing wagers.
Few teams are as strong on the road as they are at home, although finding the exceptions to the rule can give gamblers a huge advantage in picking underdogs. In order to better illustrate how a money line bet works, let’s look at a fictional game between the New England Patriots and the Pittsburgh Steelers. With NFL odds the over/under can vary but usually it’s somewhere between 35 and 47 points.
Link a bunch of winning bets together, and they win more money. That’s because most bettors have a negative expected value (-EV) on their wagers. And for a parlay to have a +EV, most if not all of the bets in the parlay must have a +EV. After all, they usually offer a much larger return than a straight bet. Finally, betting the moneyline aligns the team or athlete’s interest with your own interest. Sure, nobody would refuse $30 someone handed them, but it wouldn’t change most people’s lives.
Make sure you place your bet when the lines give you the best chance to cash out. This could be as soon as the odds are posted, or it could be right up before the game begins. Sportsbooks generally offer the same betting lines for every sporting event, although there could be some slight variations. The biggest difference that you will find is in the odds that are offered by each sportsbook. The total, or over/under, focuses on the total number of points in a game. This is a common bet that is made on basketball and football games.
NFL spread betting is probably the most common and popular way to bet on football as it adds some excitement and better odds over just picking an outright winner. If you are new to betting the NFL altogether, be sure to check out our greatHow to Bet on the NFLguide. Another thing to keep in mind when betting on sports is that betting lines move all of the time. Opening lines are set by the sportsbooks extremely early, and the sportsbooks will adjust these lines several times before the event begins. The most common mistake I find novice bettors make the most happens way before they actually place their bet on a particular game or team.