The NFL is the major professional football league in the United States and Canada and this sport has a huge following with avid fans from all over the world. Hence, NFL betting markets have established in the world of online betting. The impact of the NFL and Super Bowl can be seen everywhere online on mainstream sports sites like ESPN where you can see plenty of coverage and get the NFL betting lines for the upcoming pro football season. But when it comes to NFL betting the novice NFL bettor can be quite overwhelmed because there are so many different wagering options to choose from and the terminology can be confusing. Keep reading on to gain more knowledge on what you need to know about NFL betting.
Due to the advent of online sports betting sites it has made it much easier to bet on the NFL and revolutionized the way you can bet on sports. Back in the 1970s and 1980s all the traditional books offered a fairly limited number of ways you could bet on the NFL. Online sports betting helped create a better online betting product, drastically increasing the number of ways you can bet. There is now more choice and more value and the number of NFL markets increase every year.
In this 2013 NFL football season, there are 32 teams but only a handful of teams actually have a realistic chance of winning the Super Bowl. Fortunately, there are various resources available in the online sports betting market that will dissect the NFL betting market, providing NFL bettors with complete updates and information regarding NFL sports betting. These sources list all the essential information necessary to win in football betting, including stats such as head-to-head match ups, previous meetings, power ratings, team stats and a bunch of other valuable statistics.
But even with all of this information at your disposal it can be a little difficult getting your head around all the betting types available at the sports book. A standard betting coupon lists the teams, money line odds, and point spreads.
Point spreads and money lines are the most common types of NFL bets that can be made on a game. The money line odds simply refer to the odds of the straight up outcome of a game. However, the bookmakers will usually have a clear favorite and underdog for a game, and this is reflected in the point spread. The point spread or the line is essentially offering a handicap to the favorite, meaning they will have to win by a certain margin to win the bet.
For example, In an NFL game between the Dallas Cowboys and Washington Redskins, the betting lines might read: Dallas Cowboys -11 (-105). The Dallas Cowboys would have to win by 12 or more points to win. If they win by 11 points no one wins or losses and the wager is returned.
Proper Bankroll Management
This is the first and foremost step to get huge profits while you are dealing in NFL betting for the season. You must spread your risk by making multiple bets so that if you’re wrong about one game or a group of games, it won’t have devastating effects on your roll. Never over commit yourself on any one result because in sport there is never such a thing as a dead certainty.
All in all you must have in-depth knowledge about NFL betting if you’re going to be successful at all. Always make a record of your bets, your wins and losses. Analyse the current season for all the NFL teams and look for value in future betting markets.