Did you know that betting on football brings in more money each year in the United States than any two other sports combined? Whether we are talking amateur or professional play, people are quick to jump at the opportunity of making the sport a little bit more exciting through laying a bet. In fact, there are some people who are able to make some good money betting during the course of a football season.
You might have dreams of winning big through football bets one day, but the odds are pretty good you are not there yet. You might know all the statistics and figures for every team in the NFL, but unless you have a knowledge of how football betting and sports betting in general works, that knowledge won’t get you very far. This article is designed to help set you on the road to winning ways as far as football betting goes.
Types of bet
The most popular types of bets in football are bets made on the spread. The spread refers to the number of points a team will win by in a game. A team must win the game by that amount of points, or more, in order to be considered the winner. Here’s an example:
New England Patriots -21
Pittsburgh Steelers +21
The Patriots have to win by more than 21 points in order for those who wagered on them to collect their bet.
If you don’t like taking chances on points, then you can just bet on who will win the game. This is called money line betting. If you want to bet on a favorite team to win, you will have to pay more money than you stand to win. In other words, you will have to bet $150 for every $100 you can win if the favorite takes the game. You will still get your bet back, so you actually receive $250 from the book if you make the right call.
On the other hand, sports books try to balance the betting by offering better value to those betting on football underdogs. Instead of paying $150 for the team to win, you receive that money for every $100 you bet.
Maybe you are so skilled at predicting the outcome of football games that you think you can pick four winners out of four matches. If so, you can opt to bet the parlay (a single bet that links together two or more individual bets.) In order to win, every team you pick on a card has to be victorious in their game. Parlay bets are harder to win but offer a much higher payout than any other type of bet.
Football betting tips for beginners
o Bet one game a day: It can be really hard to limit your betting activity, especially if the bet you placed on any given Sunday is a losing one. However, making more than one bet as a rookie is a big mistake and you stand to lose a lot of money. Keep it to one game and you won’t find yourself chasing losses.
o Don’t take heavy favorites: Make sure you only make what are known as good value bets. There might be a dominant team out there, but the book makers know it just as well as you do. You should never bet more than twice what you could win, even if you think the outcome of a game is a given. Football is unpredictable, and a loss on a bad value bet can really set you back!