Nfl Betting On Games
- Where to Bet:
NFL betting in Nevada Sports betting has been around for decades in Nevada, and it’s the biggest market for NFL betting right now. Hundreds of millions are wagered on NFL games in Las Vegas and beyond. The following feature monitors wagering activity at many of the largest online sportsbooks. These 'betting percentages' represent actual wagers placed on each game at the participating sportsbooks. Betting on NFL games is as old as the league itself, dating back to 1920 when the National Football League was founded. Fast forward to 2021, the United States now has more than 20 states that have passed laws to legalize sports betting.
How to read Super Bowl 56 Odds
The Kansas City Chiefs lost to the Tampa Bay Buccaneers in Super Bowl 55. However, the Chiefs remain the favorites to win Super Bowl 56 at SoFi Stadium in Inglewood, California.
The Chiefs are listed at 6/1 odds (Bet $100 to win $600), while the defending champion Buccaneers are the third-betting choice at 10/1.
In between Kansas City and Tampa Bay are the Green Bay Packers, who are currently at 9/1 odds.
Here is a quick reference on Super Bowl odds for the upcoming 2021 NFL season.
How to read NFL Las Vegas Odds
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
Ex. Favorite -10, Underdog +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.
Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.
Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.
VI Consensus NFL Line
The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.
If you are looking to bet on the NFL to make money you have found the right website. Sure, betting adds a lot of excitement to watching the NFL games, but here at TheSportsGeek.com we are in it to make money over the course of each NFL season.
Making a profit of the course of the NFL season is tough, and the average bettor will not do it, but I am here to give you a few NFL betting tips and strategies (most that follow the normal sports betting strategies) that will help you have a better shot at making money this NFL season.
NFL Betting Strategy Articles (Advanced):
» Teaser Betting Strategy
» Prop Betting Strategy
» How To Get Max Value When Betting
» Future Betting Strategy
» NFL Bye Week Betting Strategy
Nfl Player Suspended For Betting On Games
Basic NFL Betting Strategies and Tips
Did you know that you need to hit above 52.4% of your NFL bets (assuming you are betting -110 odds) in order to profit? Doesn’t sound too hard does it? It is actually extremely tough to do, and only the best of the best can consistently hit 53%+ winners year in and year out in the NFL.
Use the basic NFL betting strategies below to help you on your way to a profiting NFL season.
#1 NFL Betting Strategy – Money/Bankroll Management
When you are betting on the NFL season you will want to set aside a certain amount of money to bet with that you can afford to lose, known as your “bankroll”. I suggest you either make a weekly bankroll, monthly bankroll, or full season bankroll (I do full season).
For example, you may set aside a $3000 bankroll for the full NFL season that you can use to bet with. A general rule of thumb for NFL betting I go by is to only use 2-5% of my bankroll for each bet. In this example, it would allow us to make $60-$150 wagers on each game we bet. You can use 2% for your smaller plays and 5% for plays you really like.
One common mistake is to increase the size of your bets as you start winning or to chase losses with biggers bets – remember the NFL is a long season and to profit over the course of the season you need to manage your money smartly.
#2 NFL Betting Strategy – Look For Weekly Edges
I can’t believe how many times I will see bettors who play every game (or close to) in the NFL each week. This is a recipe for disaster in the long run – to be a winning NFL bettor you need to find edges and capitalize on them.
Find what you think may be an edge in the NFL lines and make your bets based on that. Some weeks you may be making 4 bets, some weeks 6 NFL bets, and hell some weeks even just 1 or 2 NFL bets on the whole weekend. Don’t force bets because you want action and want to make the NFL games more exciting. If you want to make a profit this NFL season find a few good plays each weekend and bet them with 2-5% of your bankroll like we mentioned above.
#3 NFL Betting Strategy – Line Shopping
In order to have the best opportunity of making money this NFL season, you will need to make sure you do a little bit of “line shopping”. Line shopping is simply checking a few different sportsbooks and comparing the lines on the plays you like. For example, you may like the Bears to cover the 5 point spread on Monday night. Before you place your wager you should check other sportsbooks, as one of them might have the Bears listed as 4.5 point favorites instead of 5 point favorites.
I suggest you sign up at 3-4 of the best NFL sportsbooks listed in our Online Sportsbook section and compare the lines on each before you make any bets this NFL season. This NFL betting strategy can help you win a few extra wagers this NFL season and help you on your way to a winning season!
#4 NFL Betting Strategy – Bet Sober and Don’t Tilt
Bet Sober – This may seem pretty obvious, but there are hundreds of thousands of bettors who don’t follow this week in and week out during the NFL season. Do you think it’s a coincidence that Vegas casinos offer gamblers free alcoholic drinks? Drinking will impair your judgment while betting – save the beers for when the games start and you are done making bets.
Betting Odds On Nfl Games
Don’t Tilt – Everyone losses. Even the best NFL handicappers lose bets 40% of the time. Don’t let your emotions get the best of you. Some bettors may take a few bad losses and start to make very poor decisions as their emotions have taken over. Make sure you have a clear mind when making your NFL bets. If you feel like you are on tilt go for a walk or do something to calm down and don’t bet until you are back to your normal state of mind.
Nfl Betting Games With Friends
You are now ready to become a winning NFL bettor – Follow our Sports Picks for weekly NFL prediction articles and sign up at Bovada.lv for a $250 Free Money bonus for this NFL season!