The probability of anything happening in the NFL is indicated by numbers rather than percentages or fractions. Every game will have odds associated to it, albeit the odds may change depending on the bookmaker. Each form of bet has various odds and is based on different numbers, but it’s not complicated.
How Do NFL Odds Work?
When watching an NFL game, the first figures you’ll see are the spread, total, and moneyline. Each of them will have a number with a plus or negative sign next to it. These are the odds, and they inform gamblers of the bet’s perceived possibility of winning and potential payoff.
-110 odds are commonly associated with the spread and total. According to the odds, this is practically a 50% possibility. The -110 signifies that in order to win $100, you must wager $110, making the payout $210. The negative odds indicate how much a bettor must risk to win $100. According to oddsmakers, the more a number extends in the negatives from zero, the more probable it is to be a winner.
The Moneyline, on the other hand, will usually feature one of the teams with +105 or greater odds associated to them. This means they are considered underdogs, hence their chances of winning are slim. The +105 indicates that a $100 stake would net you $105, for a total payoff of $205. The higher this number, the less likely it is that it will occur, according to the oddsmakers.
NFL Moneyline Betting Odds
Moneyline betting is the simplest to understand because it simply shows the odds of a team winning the game, with no caveats. The only numbers associated are the odds, with the team carrying the lower number being the favourite and the team with the greater number considered the underdog. If the game is a draw, which is rare, the bet is considered a push, and your money will be reimbursed.
NFL Over/Under Betting Odds
Unlike the moneyline and spread, the over/under odds offered are based on the final score rather than a winner. The total is set as a target score, and you wager on whether the actual score will be greater than or less than that figure.
A totals box will typically contain two numbers: the designated total and the odds. One of the boxes will be marked as above and the other as under. Even within the same week, the over/under can vary dramatically from game to game. It’s a push if the total is a whole number and the final score falls exactly on it.
NFL Against the Spread Predictions
The spread is a fixed margin of victory that provides an even playing field for underdogs in terms of betting. The spread is on if the favourites can win by a particular amount rather than picking a winner outright like NFL Moneyline odds. For example, a nine-point favourite will be designated as -9, while the underdog will be designated as +9.
To cover the spread, the side set at -9 would need to win by at least 10 points. The underdog beats the spread if they lose by less than nine points or win the game. The bet would be a push if the favourite won by exactly nine points in that situation.
NFL Playoff Predictions
NFL playoff odds are one of numerous NFL Futures bets that involve betting on a club to make the playoffs. They are not required to win their division, conference, or even the Super Bowl. All they have to do is make the playoffs. Now that seven teams from each conference enter the playoffs, these bets have an even better chance of winning.
NFL Divisional Betting Odds
Unlike NFL playoff odds, this wager requires a club to win its division. Winning your division guarantees you a spot in the playoffs, and division rivalries can be fierce. In competitive divisions, the odds can be highly favourable to bettors in the preseason.
NFL Championship Betting Odds
Betting on the conference champions or the Super Bowl champion will take months, but it will be entertaining to watch. Even the largest favourites nearly always start the season with favourable odds, so earlier bets can become more beneficial. They must, however, win the championship rather than just make it there.
NFL Proposition Betting Odds
Prop bets are often divided into two categories: player props and team props. Props are generally over/under, yes/no, or pick-a-team bets. They are not related to the outcome of games like traditional bets, but rather to whether or not the proposition occurs. Individual player touchdown props are popular among NFL bettors. Prop odds can vary greatly depending on the sportsbook, so don’t be afraid to shop around for better prop odds. The Super Bowl usually has a plethora of prop bets.