NFL Bet Types: Choose The Most Profitable NFL Betting Type
The 2024 NFL season is still years away, but betting opportunities for it are already available, in massive abundance. That is not to say there is anything quite like the “big game,” where literally millions of bettors from China to Los Angeles throw their money on the outcome of the Super Bowl. Nevertheless, sports fans are able to find futures betting, draft predictions, as well as other stakes related to offseason play, letting them get fun year-round. More to that, such bets can be quite beneficial, especially long-shot futures bets that often have a very decent price.
Whether you’re an experienced bettor who has been placing wagers on NFL games since time immemorial or are just getting into the art, understanding the various kinds of NFL betting can actually be key to the success of your bets.
We all love the sport, but making informed choices that easily increase your profit-making likelihood is literally something beneficial. Therefore, we will guide you on which is the best NFL betting option towards successful betting. Moneyline Betting
Moneyline Betting
Even though being the simplest and most common kind of bet in NFL betting, a moneyline bet can also be a highly profitable one—sometimes even reaching high RTP in roulette. In a moneyline bet, you have but one “job,” so to speak: to predict the team that is going to win a game.
Placing a moneyline bet is very simple – all you need to do is guess the winner correctly.
Easy for you to say, but hard to do, as there is a favorite and an underdog in each and every NFL game; maybe not for you, but at least for the oddsmaker. Mostly, the odds are based on the perception of winning for each team; however, if the underdog really has a chance or else you are well researched and you know pretty well that some key influential players are missing the match because of injury or some other reasons, a good chance for betting may come your way. Want to know how this bet works?
What a better match to pick than the game of Super Bowl LVIII, where the San Francisco 49ers took on the Kansas City Chiefs. The 49ers were favored by the sportsbook, -140, in this match. The odds of the underdogs, the Chiefs, in the Super Bowl game were +125. This means that if one is to place a bet worth $140 on the 49ers, one would have won a sum totaling $240 ($100 in profit). A $100 bet on the Chiefs returns $225 ($125 in profit). The point is that a money line proves to be a profitable bet if at all one predicts correctly on the winner.
Point Spreads
If you have ever made a bet on some NFL game and opened at least one online sportsbook, you most likely have noticed “margins” written next to teams. These margins show who is the favorite and who is the underdog, and instead of you betting on the winner of the game, you bet on the margin of points or the spread.
For example, in a game between the New England Patriots and the Philadelphia Eagles, if by mere assumption, it is the Patriots that are the favorites, the oddsmaker may indicate the spread at -6.5 for the Patriots. Assuming one places a point spread bet on the Patriots, if the Patriots win with at least a 7-point win, they have won against the spread and covered the number. Contrary, the spread for the Eagles, the underdog in our example, might be +7.5.
What does this mean?
Well, if you would have bet that the Eagles will cover the spread, you would win your bet in both cases, even if the Eagles had lost by a margin of fewer than 7 points, or in the case of the Eagles winning.
So, if the final score is 46-40 for the Patriots, you would still win the bet.
Futures Betting
With futures bets, you’re betting on an event that might or might not happen in the distant future. It is very popular off-season betting, even after the draft. Many bettors would choose to place bets on which player will be drafted first, second, and so on.
Bets are fitting perfectly with the futures, as rumors on the draft and the top picks have abounded for quite a long time before the actual event of the NFL draft has taken place. For instance, the sportsbook operators now have a betting line, with USC quarterback Caleb Williams installed as the number-one overall pick in the NFL Draft, and they offer a betting price of -10,000 for Williams to be taken as the first player overall in the draft. This means that he’s a heavy favorite to be picked first, but there are other futures bets that you can place.
Quite a number of bettors have already taken a position that Williams is going to be selected by the Chicago Bears and have put their future bet in on the Bears reaching Super Bowl LIX tactfully. Futures bets odds are usually higher compared to bets for the events that are going to happen sooner, so they might prove interesting and potentially profitable if you feel like you know that some team will do well in an upcoming season.
Player Props
Prop bets are bets in which you are betting on specific things that happen or occurrences within a game instead of betting on which team will win the game. Generally, there are two types of prop bets: player props and team props. Many find player props the more interesting option because it allows them to bet on individual player performances or certain statistics.
Sports betting sites often offer many different player prop options, such as passing yards, touchdown passes, receiving yards, rushing yards, tackles, interceptions, and similar. You don’t care who wins the game, or by how many points. If you have placed a prop bet on a player to achieve a certain number, all you care about is for that player to achieve that milestone, and you win that bet.Do you think that Patrick Mahomes will throw over 300 passing yards? Place a bet, and he achieves that, you win the bet.
Expectedly, the less likely the event is to happen, the higher are the odds.
Over/Under (Totals) Bets
Totals bets are favored by many because you don’t care about what will happen in the game in terms of the winner. You only care about the total number of points scored. The sportsbook will determine a number of points, and you should guess whether both teams will score more or less than that.
For example, if the sportsbook sets the total bet margin at 88.5 points, and you bet on Under, you need both teams to score less points than the margin if you want to win the bet. Yes, you don’t have to predict the winner. All you need to do is guess whether both teams will score a lot of points in the game or not. If you do – you’re a winner.
