Nfl Betting Covers
How to Use the Odds Comparison Tool
Understanding NFL Live Betting Odds. One of the newer types of betting onto the scene in NFL betting is Live Betting. Live Betting has become one of the more popular aspects, with the technology that online sportsbooks possess. Live Betting on the NFL can be done from your own computer, mobile device, or in-person at a sportsbook that offers it. There are three common NFL betting lines: the side, total and moneyline. Side: The side refers to the point spread. While the odds can fluctuate, most sides are -110, meaning you have to bet $110. The NFL consensus is the betting percentage that the betting public has chosen for an upcoming NFL game based on the point spread, moneyline, and OVER/UNDER. The NFL consensus gives football bettors a better indication of just how much action online bookmakers are taking on either side of a particular NFL. Get the latest nfl Sports Betting News, Betting Industry insights and Editorial from Covers. Find the top 2020-2021 NFL Matchups betting previews & odds for opening game odds, closing lines, betting trends, ATS results and more for pro football.
Compare odds across legal US sportsbooks at ScoreandOdds.com to help you profit over the course of the NFL season. Find out how to use the odds comparison tool, along with other NFL betting tips below.
Are you in a state or traveling to a state with legal sports betting, such as New Jersey, Pennsylvania or Indiana? Our odds comparison tool is perfect for you.
Highlighting the best lines — spreads, totals and moneylines — from multiple sportsbooks across the legal US sports betting industry, you can outsource line-shopping in your betting process, saving you time and money in all of your sports betting endeavors. Simply click on spreads, totals or moneylines underneath Bet Type. The best line will be outlined in red, showing you which sportsbook you should use for each respective bet.
Additionally, all of the sportsbooks featured in our odds comparison tool will have a welcome promo, which might include free bets or deposit bonuses, for all new users. Be sure to take advantage of the offers by clicking on the bet you want and signing up!
Of course, if you are new to NFL betting, or sports betting in general, you will first need to understand what you are looking at in terms of NFL spreads, moneylines and point totals. A few complementary NFL betting tips never hurt anyone, either. Let’s get started.
NFL Betting Glossary & Tips
Spread – The most popular way to bet on NFL football is by betting on a team against the spread (ATS). You will either wager on the favorite or the underdog to cover the spread. The Favorite is the team giving or laying points (ex: Chiefs -7). The underdog is the team getting points (ex: Colts +7).
By betting on the underdog, the team does not have to win the game for you to win your bet. You need them to lose by less than the number of points they are getting. If they win outright, you will win your bet too. Example: If you bet on the Indianapolis Colts +7, the bet wins if the Colts lose by six points or less (or win outright), you push (no money won or loss) if they lose by exactly seven points, and you lose if the Colts lose by eight or more.
NFL Betting Tip: Be aware of NFL key numbers when betting, the two most important numbers being 3 and 7. It is more common for teams to win by 3 or 7 points than any other margin of victory. The third-most common margin of victory is 10 points. Often, you will find different point spreads across different sportsbooks. If one sportsbook has a team favored by 7 points, by using our odds comparison tool, you can quickly find out if another sportsbook has the spread at 6.5 or 7.5 points. Finding the best spread is arguably the biggest factor in making you a profitable bettor over the long term.
Money Line – By betting on the moneyline, you are only wagering on what team will win or lose. Large favorites require you to risk more money than you will win (ex: Chiefs -300, requires you to risk $30 to win $10). Conversely, betting on underdogs will earn bettors more money than they risk (ex: Bengals +300, a $10 bet will earn you $30 profit).
NFL Betting Tip: While it is important to take or give points when the team you like is on the right side of key numbers, what do you do if the spread is not on the right side of the key number? Maybe you love an underdog and even think they have a chance to upset the favorite but the spread is +2, not quite reaching that key number of 3. The moneyline might be more enticing here. Some historical data shows that break-even percentages on moneyline underdogs are better than that on moneyline favorites
Total (Over/Under) – When you bet on the point total, you’re betting on the total number of points scored by both teams. So if a game has a total (or Over/Under) of 49 points before kickoff, you can bet on Over or Under 49 total combined points between the two teams for the entire game. Points scored in overtime are included. There are also point totals for quarters and halves.
NFL Betting Tip: Try to spot teams who have changed things up, whether by adding a key player in the NFL free agency or identifying a generational talentbefore others do, such as Patrick Mahomes. During the 2018-19 season, in Mahomes’ first year as a starter, the Kansas City Chiefs went Over their respective point totals in each of their first three games. By the end of the season, Chiefs Over/Under record was 10-5-1.
Vigorish (vig) or Juice – The vig or juice is the cut sportsbooks take from bettors to place their bets. This is the house edge. Sportsbooks typically have a vig of -110 on both sides of a bet, meaning you have to risk $11 for every $10 you want to win. Taking into account the vigorish, you need to win not half of your bets but at least 52.4% to break even.
NFL Betting Tip: While -110 is most common, some sportsbooks are nicer than others when it comes to vigorish. You will want to use SAO’s odds tool to find which sportsbooks are charging the least amount for your NFL picks.
Other NFL betting Terms
Parlay – A parlay involves two or more picks, all of which have to win for your parlay to pay out. You have a three-team parlay, and two of your picks win but the last game loses? Tough luck, you lose the entire bet. Parlays are attractive to bettors because of their large payouts. Two-team parlays traditionally pay 2.6-to-1, three-team parlays pay 6-to-1, four-team parlays pay 10-to-1, etc. Though we refer to these as “two-team parlays,” parlays can consist of picks on the point totals and sometimes even props. Use our parlay calculator for your convenience.
NFL Betting Tip: Remember, NFL lines are extremely efficient. In fact, the NFL is arguably the toughest sport to beat over the long haul. Parlays require perfection, making it even more difficult for you to win on Sunday.
Teasers – Like a parlay, teasers require more than one pick, and all picks in your teaser must hit. NFL teasers are a popular way of moving multiple point spreads (or totals) to bettors’ advantage. Since the points are adjusted in the bettor’s favor, teasers do not have as large of payouts as parlays
NFL Betting Tip: Generally speaking, teasing football point totals does not raise your win rate enough to make teasing advantageous. This is especially true in college football, but even in the NFL, it is much sharper to focus on teasers that move point spreads through key numbers like 3 and 7.
Live Betting – Live betting occurs after a game starts. Did you sleep in or forget to place a bet, missing the kickoff of an NFL game you wanted to bet on? Most US sportsbooks will have live lines available for you to bet on while the game is still in progress.
NFL Betting Tip: Live lines are not as efficient as closing lines in sports betting. Watch games closely, take in the extra information available, and use live lines to your advantage, especially if you notice something that you believe sportsbooks’ live algorithms are not accounting for.
Easily the most popular type of betting for NFL football is “spread” betting or more commonly known as betting against the spread. Bettors who are new to NFL betting or betting in general may be a little confused with NFL spread betting, but it is pretty easy to understand once it is explained to you. We will explain what betting against the spread means below.
What is Betting Against The Spread?
For each NFL game the oddsmakers set a number of points in which the favored team is favored by. Bettors can then either choose for the favored team to win by more than the number of points set, or bet on the underdogs to lose by less than the number of points they are underdogs by or win the game straight up. For example, the spread could be set on the favored team at 6.5 points. This would mean in order for a bet on the favored team on the spread to win they would need to win by more than 6.5 points (7 or more) in order to win the bet. It also means that a bet on the underdog team would win if the underdogs lost by less than 6.5 points (6 or less) or won the game outright.
Example of NFL Spread Bet
Below is an example of what NFL spread betting would look like:
Matchup
- TeamsSpread
- Dallas Cowboys -2.5
- New York Giants +2-5
The negative (-) sign indicates that the Cowboys are the favorites, while the positive (+) sign indicates that the New York Giants are the underdogs. With the spread set at 2.5 points, a bet on the Cowboys would mean that they would have to win by more than 2.5 points (3 or more) in order for you to win that bet. A bet on New York would mean that the Giants would have to either lose by 2.5 or less points (2 or less) or win the game outright in order for your bet to win.
Here is another example with a screenshot taken from 5Dimes.eu during Week 3 of the 2013 NFL season:
Here you can see that the Rams are +3.5, while the Cowboys are -3.5. So for this example the Cowboys are 3.5 point favorites, while the Rams are underdogs of 3.5 points. If you were to bet on St Louis you would need them to lose by 3 or fewer points or just win the game outright. If you were to bet on Dallas you would need the Cowboys to win by 4 or more points.
If the Cowboys were to win by 3 points, lets say 30-27, any bets on the Rams +3.5 would win. Even though the Rams didn’t win the game they covered the spread of 3.5 points.
Nfl Wagering Covers Web Page
Now if the Cowboys were to win by 4 points, lets say 31-27, the Cowboys have covered the spread and anyone who wagered on Dallas would win their bets.
Other NFL Spread Betting Information
You may often notice that the spread is sometimes set at an even number such as 3, 6 , 10, etc. In this case if the favored team won by the exact amount set for the spread the bet would be pushed, and all bets would be returned. For example, if the Patriots were 3 point favorites and they won by a FG (3 points) than this would results in a push, meaning no matter which side you bet on you would get your money returned to you.
Nfl Match Up This Week
The most common NFL spreads are usually set between about 2.5-10.5 points, but you will also almost always have games each week with spreads lower than 2.5 and higher than 10.5. In the event that the oddsmakers feel the game doesn’t need a spread, it would be set at 0 or what some call a pick’em (both teams are given even odds to win for this type of bet).
Nfl Scores Covers
The odds given on the spread are usually -110 unless otherwise noted. It is not uncommon to see one side of the spread being -105, with the other side being -115. If you don’t see any odds listed for each side of NFL spreads you are supposed to assume the odds are -110 on each. Not sure how to read NFL betting odds? Check out our Sports Betting Odds guide.
Now that you know the basics of NFL spread betting you’ll want to check out our Sports Betting Strategy guide which has some great NFL strategy articles written by a professional bettor.