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. We’ve got everything you need to get your NFL betting season started off right.
How to Bet on the NFL
NFL Spread 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 (or cover the spread), they must win by more points than the amount set by the oddsmakers.
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.
The total, also known as over/under, 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 and you decide if the score will be more or less (go over or under) that amount.
NFL Prop Betting
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.
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. 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.
NFL Teaser Betting
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. 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 the outcomes must be correct.