NFL Betting Overview
Welcome to the NFL betting section of Bovada. If you’re a fan of the NFL and are looking to get in on the action on a weekly basis, then you’re in the right place.
The NFL is the most popular sport bet on in North America and the action generated by NFL betting accounts for almost half of all Vegas sports betting action. At Bovada, one of our primary focuses is the NFL and you’re certain to find all the odds and bet types explained right here. After all, with betting options like props, teasers, spreads, parlays and totals, it can get confusing.
If you’re only starting your NFL betting adventure, take a look at our helpful NFL betting section for beginners including spread, moneyline and over/under betting information. If you’re a seasoned NFL bettor, then take a look at the advanced betting section that includes prop, parlay and teaser betting information.
At Bovada, we’ve got everything you need to get your NFL betting season started off right.
How to Bet on the NFL
The three most common types of NFL lines to bet on are the point spread, moneyline and total, but the action doesn’t stop there. There’s also parlay, teaser and prop betting on tap when it comes to NFL betting. With so many options to choose from, it’s easy to see why wagering on the NFL has become so popular.
It can also be daunting, but that’s where we come in. Take a look below and you’ll find a brief explanation of each NFL lines and betting types. The links you see within those descriptions will take you to a more detailed description.
When you’ve finished reading, you’ll be ready to make a well-informed NFL wagering strategy and get in the game.
NFL Weekly Article
NFL Spread Betting
NFL Over Under Betting
NFL Prop Betting
NFL Parlay Betting
NFL Teaser Betting
NFL Spread Betting
This is the most popular type of line to wager on when it comes to NFL betting. To set a point spread, oddsmakers decide who will be the favored team in a given game. They’ll allocate a set number of points against the favorite, which they must cover. The underdog receives a head start using the same set number. In order for you to win a point spread bet on the favorite, they must win the game by more points than the amount set by the oddsmakers – also called covering the spread. If you bet on the underdog, they must not lose the game by more than the points allocated. The underdog can also win a point spread wager if they win the game outright. Learn More about NFL Spread Betting...
Due to its simplicity, the NFL moneyline wager is very popular among NFL bettors. To make a moneyline wager, all you have to do is pick the team you believe will win the game. Oddsmakers will set the lines on each team. The favorites will be represented with lower odds while the underdogs will be given higher odds. For example, you may see something such as this:
New England Patriots -150
Kansas City Chiefs +125
When betting on the moneyline, it’s important to remember that the favored team’s odds (-150) represent the amount you must wager in order to win $100. As for the underdog, their odds (+125) represent the amount you win if you wager $100.
If you bet on a team and they win the game, you win your bet. However, the favorites are such for a reason and they’ll often pay out less than a winning bet on an underdog. Sharp NFL bettors like to stick to the point spread, but make no mistake; you can find very good moneyline odds throughout the NFL season.
NFL Over Under
The total, also known as over/under, is another popular line to bet when wagering on the NFL. It involves betting on the total number of points scored by both teams combined in an NFL game. Oddsmakers will set a total number of points for any given NFL game. You have the option of betting whether the teams will score more or less (go over or under) the amount of points set by the oddsmakers. Learn More about NFL Over/Under Betting...
NFL Prop Betting
While not as popular as point spread, moneyline or totals betting, NFL props betting is common among beginner and advanced bettors alike. This is especially true during Monday Night Football or the Super Bowl because of the amount of props on offer.
A prop bet is a wager that has no direct relationship to the outcome or final score of a single NFL game. They typically come in the form of player or team prop bets, but during events like the Super Bowl, you’ll see fun props on the coin toss and the length of the National Anthem, among others. Learn More about NFL Prop Betting...
The parlay wager is a popular bet among many in the NFL wagering world as it offers a little more bang for your buck than a straight wager. The payout for a parlay is usually bigger than a straight bet, but with greater reward comes increased risk.
Each individual bet in your parlay is linked together, so in order to win your entire parlay wager, all legs of your parlay (each outcome you’ve selected to bet on) must win. Learn More about NFL Parlay Betting...
NFL Teaser Betting
The teaser bet is a way for NFL bettors to take a little control of the lines offered by the oddsmakers. During the NFL season, teaser bets are very popular and that popularity continues to grow. Teaser betting is slightly more difficult than point spread or moneyline betting because you are adding or subtracting points to and from lines, but it’s not hard to understand.
A teaser bet is comprised of two or more straight bets that are combined into one bet. The number of points offered on each individual line will then be adjusted in your favor. Because of the advantage you’re receiving, the payout for a teaser wager is less than the payout for the same parlay wager.
The three main types of NFL teaser are: 6, 6.5 and 7-point teasers. You can also place a sweetheart teaser, which offers you the option to tease a line by 10 or 13 points.
In order for you to win this teaser bet, all three outcomes must be correct. If one outcome of your teaser loses, then your wager is graded as a loss. Learn More about NFL Teaser Betting...