Football betting guide – The average gambler has never had it better when it comes to betting on college and professional football. Betting on a winner and an over/under total is so yesterday. The first quarter spread, the quarterback’s passing yards, and the player who scores the game’s first touchdown are just few of the gambling possibilities offered by the majority of oddsmakers today. For those who have never placed a wager on football before, here are a few pointers:
Football Betting Basics
The timing is perfect, since most sports books and ticket windows like chatting with first-time bettors. Noon on Saturdays and Sundays is off-limits. Make the most of your time there by planning beforehand.
Get acquainted with the sportsbook’s app ahead of time if you plan on using it while you’re there. You’ll be one step ahead of the game once you know what wagers are available.
Sportsbooks accept solely cash wagers. You don’t want to stand in line only to find out you don’t have any cash on you when it’s time to place your wagers at the counter. It occurs more often than you may imagine.
THE KEY TERMINOLOGY OF FOOTBALL GAMBLING
The “juice” or “Vig” is the service fee charged by sportsbooks to cover operating costs. The juice at most sportsbooks for single-game football wagers is -110. That’s right; if you want to win $100 (and hence pocket $210), you’ll have to lay $110. To win $10 (collect $21), you must wager $11.
Your bet finished in a push, or a tie. It’s a sure thing that you’ll receive your money back if you bet on the underdog and they win by exactly the number of points you predicted (in this case, seven). If you wagered on a total score of 40 or more and the game ended 23-17, you win your bet.
Long-term wagering on an outcome that is still in the future. Bets on the future success of a club might include more than just the regular season. Or they might be for a certain player to achieve a certain statistical benchmark (e.g., league passing leader, MVP).
To collect on a winning parlay wager, you must have each individual wager on the parlay come in as a winner. The larger the pool of teams, the greater the payouts may be.
For a smaller payoff, bettors may get help covering the point spread in a teaser, a unique kind of parlay. The 6-point, 2-team teaser is the most popular kind of teaser bet in football. A six-point spread is created by adding or subtracting six points from the point spreads of the two teams the bettor chooses. An underdog of three points would suddenly have nine points if you were to tempt them with six. If you were to place a 6-point teaser on an 8-point favorite, they would suddenly need to win by more than two points. There must be a win on each component of the teaser for the ticket to be paid.
You win or lose your bet by a half-point, and that’s the Hook. Football games often have a final score of either 3-0 or 7-0. When you back the underdog at +3.5 and they lose by three points, you win your bet “by the hook.” If you wager on a favorite and they win by seven points but you only win by six, you lost “by the hook.”
Understanding Football Odds for Betting Purposes
The rotation number, point spread, total, and moneyline are the four most important pieces of information to consider when placing a wager on a football game.
In front of the names of the teams, you’ll see a three-digit number that represents the rotation. Those who sell tickets don’t use team names, but rather numbers. That rotation number is used to avoid any misunderstandings with the bettor. Get familiar with the game’s rotation number before placing a wager.
The point spread: The underdog team will have a negative sign before the spread on the odds board. This is the margin by which the winning side must triumph in order to secure a victory and a victory over the spread. The other team, the underdog, will not have a point total shown since it is assumed that they are awarded the same amount of points. It’s okay if the underdog loses by less than the number of points they’re getting.
The total number of points scored by both sides is up for grabs as a betting market, with both the “over” and “under” options available.
The moneyline indicates the odds for each team on a $100 wager, with the favorite denoted by a negative sign and the underdog by a plus sign. Those who bet on the moneyline need just have their chosen side come out on top. There is no point spread in play.
Football spreads, betting against the spread, and more
In sports, the point spread is a leveler. Who in their right mind would wager on a football game between the league’s greatest and worst teams? When the poor team is given a 20-point advantage, the result becomes much more intriguing. To cover the point spread, the betting favorite must win by a certain margin. If you choose the underdog with the point spread, they may still lose the game, but not by more than the margin you bet on.
In football betting, what exactly does “over/under” mean?
If you bet on the game’s overall score, you’re predicting how many points will be scored by both sides. Scores in college football games often fall between the high 30s and the low 80s. Bets on professional football games have a more steadier rate of totals. The average score in professional football is in the high 30s to low 40s. You are betting on whether or not the combined score of the two teams will be “above” or “under” the posted total.
Football betting’s “Moneyline”
Some gamblers only want to predict a winner without considering the point spread or the over/under. When you bet on the moneyline, there is no point spread or any additional considerations; you just choose the winner of the game. Due to the absence of a point spread, a larger wager is needed when betting on the favorite to get the same potential payout when using the moneyline. Bets placed on underdogs on the moneyline, however, result in higher payouts.
The amount shown on the moneyline in order to earn $100 when betting on the favorite is the amount you must lay. A -200 favorite requires a wager of $200 to win $100, with a return of $300. A $100 wager on the underdog would return the shown amount if you win. Assuming you want to wager $100 on a +175 underdog on the moneyline, you would risk $175 for a return of $275. Once again, there are no point spreads to worry about; you’re just choosing the victor.
To collect on a winning parlay wager, each individual wager must come out on top. The larger the pool of teams, the greater the payouts may be. Your ticket is null and void if even one of your picks does not win or cover the spread. Make sure you know the oddsmaker’s house rules about what events can and cannot be parlayed before placing any bets.