12/22/2023 0 Comments Percentage to win super bowl![]() Also known as “totals”, this bet type requires you to decide on how many total points will be scored in a given contest by both teams combined. Over/Under bets are another popular option for NFL wagers. Betting on the Rams would net someone $100 for every $115 invested if they covered the spread whereas a bettor would earn $100 for every $105 invested on the Bengals if they covered the spread. The juice works the same as moneyline bets when calculating your potential payout. The juice is -115 for the Rams and -105 for the Bengals. In this example, each team has their own juice, meaning that depending on which team you bet on, the tax will be slightly different. The second number is the juice, or the vig, which is the “tax” that betters pay to a sportsbook to place their wager. This may be referred to as a “ pick ‘em ” matchup. This means that each team is given the same likelihood of winning, and bettors simply pick who they think will win the contest. In some instances, oddsmakers will set an even spread. If the Rams win by exactly four points, the teams will “ push ” which means no team covered the spread and you will get the money back that you placed on the wager. Conversely, if the Bengals win the game or lose by 4 or less points, they’ll cover the spread. If the Rams win Super Bowl LVI by five or more points, they cover the spread. The spread number indicates the points that the favorite must cover in order to beat the spread. The first number is the spread itself (4.5 in this example). There are two numbers that you need to be aware of when betting the spread. Covering a spread simply means that a team has beaten the point spread for that particular contest and the bettor has won their wager. ![]() In a margin of victory bet, the favored team (-) gives points to the underdog team (+) that they must “cover” in their margin of victory. NFL Bets Against the SpreadĪlso known as a points spread bet, or just the spread, this type of wager is not simply betting on the winner of the game, but the margin of victory. To read more about Caesars, check out our Caesars Sportsbook promo code recap. ![]() For more information about bet365, read our bet365 bonus code review. Take advantage of the BetMGM promo code and read our analysis of the sportsbook. You can place moneyline bets like the example above with some of our best sportsbooks, including BetMGM, bet365 and Caesars. Bettors must risk more money to profit when placing a wager on a favorite as compared to an underdog. By contrast, the Rams moneyline of -200 odds means that a bettor would win $100 for every $200 invested. In this example, a $100 bet on the Bengals at +165 odds would result in a $165 profit if they won the game. The numbers next to the plus and minus signs indicate the associated payout amount for betting on each team. You can tell that the Rams are the favorite because they have a -200 designation and the Bengals are the underdog because they have a +165 designation. Here’s an example using the Super Bowl LVI matchup: A favorite will be designated with a minus sign (-) while the underdog will be designated with a plus sign (+) in the moneyline. The favorite is the team that is seen as likely to win the contest whereas the underdog is the team seen as likely to lose. Each moneyline game will feature a favorite team and an underdog team. Moneyline bets are the most simple as they only require a bettor to pick the team that they think will win a particular game or event regardless of the score or stats. There are several popular NFL betting options that you can take advantage of each week to maximize your total payout like: You should have an understanding of the different types of bets, and the associated payout structure, before playing a wager on an NFL game. We will use the odds table for Super Bowl LVI between the Los Angeles Rams and Cincinnati Bengals as an example throughout this guide. This NFL betting guide will give you the foundational information that you need to understand basic betting terminology, interpret game odds, and utilize moneylines to help you make educated NFL picks each week. If you’re new to sports betting, or specifically NFL betting, our standard odds tables may be a bit overwhelming. North Carolina sports betting is the next to come online, with an expected launch period between January 8-June 14, 2024! Understanding NFL Odds Be sure to follow the news if you're in a pending state. ![]() There are several states that are in the process of creating or voting on legislation that would legalize mobile sports betting. Legal online sports betting is currently available across 29 states, including Washington, D.C.! You can see the status of sports betting in your state with Action Network's legalization tracker. ![]()
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