The National Football League, or NFL, is one of the most popular sports in America. Millions of people tune in each week to watch their favorite teams compete for the chance to be crowned champions.
But for some fans, watching isn’t enough. They want to get in on the action by betting on the games themselves. This guide is for you if you’re one of those people or if you’re just curious about how NFL betting works.
This article will discuss the basics of NFL betting and give you a few tips on how to make money off of America’s favorite sport. So whether you’re a seasoned vet or a complete beginner, read on and learn everything you need to know about How to Bet on the NFL!
The History of NFL Betting
The National Football League (NFL) is America’s most popular sports league and has been for many years. But it wasn’t always that way. In fact, betting on NFL games was illegal in most states until the late 1960s. That all changed when the state of Nevada legalized sports betting in 1967. Suddenly, there was a legal way for people to wager on NFL games.
The first few years of NFL betting were pretty slow, but that all changed in the early 1970s. That’s when a man named Charles Kelsay came up with the idea of creating a betting pool for the Super Bowl. Kelsay’s pool quickly caught on, and by the mid-1970s, there were hundreds of such pools across the country. This helped to increase interest in NFL betting and, as a result, more and more people started to bet on NFL games.
Today, NFL betting is bigger than ever. There are multiple ways to bet on games, including online sportsbooks, and millions of dollars are wagered on the league annually. With so much interest in the sport, it’s no wonder that NFL betting is one of the most popular types of gambling in the United States.
How to Bet on The NFL
Now that you’re familiar with the history of NFL betting, it’s time to learn how to bet on the NFL! First, let’s look at the types of NFL best you can make.
The most common type of NFL bet is the moneyline bet. This is simply a bet on which team will win the game. For example, let’s say you want to bet on the New England Patriots to beat the Miami Dolphins. The Patriots are listed as -120 favorites, meaning you would need to risk $120 to win $100. On the other hand, the Dolphins are listed as +100 underdogs, meaning you would win $100 if they pulled off the upset.
As you can see, betting on the favorite is riskier than betting on the underdog but offers fewer potential rewards. That’s because the sportsbook sets the lines so they will make a profit regardless of which team wins. So, if you want to bet on the favorite, you need to be willing to risk more money. On the other hand, if you’re looking for a safer bet with a smaller potential payoff, then betting on the underdog is the way to go.
Point Spread Bets
Another popular type of NFL bet is the point spread bet. This bet on how much one team will win or lose. For example, let’s say the Patriots are playing the Dolphins again but this time, they’re listed as 7-point favorites. That means they need to win by more than seven points for you to win your bet. On the other hand, if you bet on the Dolphins, they can lose by up to six points, and you will still win your bet.
Point spread bets are usually close to even money because the sportsbooks set the lines, so they will make a profit no matter who wins. However, checking the point spread for Monday night football is essential to ensure you stay informed.
Tips for Betting on The NFL
Now that you know the types of NFL bets you can make, let’s look at some tips to help you win your bets.
Do Your Research
This one should go without saying but is still worth mentioning. Before you place any bet, you need to do your research on the teams involved. Look at their recent results, roster, injuries, and other factors that could affect the game’s outcome. The more you know about the teams, the better your chances of winning your bet.
Shop Around for the Best Lines
One of the most important things to do when betting on NFL games is to shop around for the best lines. Different sportsbooks will offer different lines on the same game, so it’s important to find the one that offers the line that’s most favorable to you. For example, if you’re betting on a team as a 7-point favorite, you would want to find a sportsbook that’s offering -7 instead of -6.5 or -7.5. That half-point can make a big difference in your potential winnings.
Don’t Chase Your Losses
It can be tempting to try and make up for a loss by betting more money on the next game but resist the urge. Chasing your losses is a surefire way to lose even more money. Instead, stick to your original betting plan and only bet what you can afford to lose.
Use a Sports Betting System
If you’re serious about winning your NFL bets, then you need to use a sports betting system. A good system will help you pick winners more often than not and will also give you an edge over the sportsbooks. Many different systems are available, so do your research and find one that suits your needs.
Another important tip for betting on NFL games is carefully managing your bankroll. This means knowing how much money you can afford to lose and sticking to that amount. It’s also important to bet only a small percentage of your bankroll on each game. For example, if you have a $100 bankroll, you shouldn’t be betting more than $10 per game.
By following these tips, you’ll be well on your way to winning your NFL bets. Just remember always to do your research and never chase your losses. With a little bit of luck and some smart betting, you could be cashing in on your NFL knowledge in no time.