Before you place some serious cash on football games, you’re going to need to be able to understand the football betting lines. Without knowing what the lines and odds of any given event are you’re not going to be able to make educated decisions on who to bet on. In this article we’re going to go through some of the common bets you’ll make while betting on football and show you how to read the odds through examples. This is going to be the perfect resource for any new football fans who want to learn how to bet on the game.
In the following example, you need to determine who is going to win the game. By looking at the NFL odds you can find that Carolina is the favourite and the Giants are the underdog in this game. The way you can determine who is the favourite and who is the underdog in a money line bet is by looking at the -/+. The (-) means that the team is the favorite whereas the (+) means the team is an underdog. In this example you would need to wager $130 to win $100 on the Panthers and if you wagered $100 on the Giants you’d win $110.
Point Spread Odds
In a point spread bet you need to decide whether the favorite in the game is going to win by the points set in place by the bookmaker or if the underdog will not lose by the point spread. In the above example the New York Jets are favored by -3.5 which means they need to win by 4 points to cover. The Raiders are underdogs and they can either win the game or lose by 3 points or less in order for them to win. The NFL odds for point spread bets are generally always -110 for both teams so there will be no difference in the juice you pay.
Typically the football odds for over/under bets will be -110 for whichever team you pick so there is no difference in the juice you’ll pay for either bet. The odd time you’ll find that the odds might differ slightly, but this is only on rare occasions and you can avoid those games anyways if you’d like. In the above example, the posted game total is 41.5 which simply means if the total amount of points scored is 42 or more the over wins and if there is less then 41 points the under wins.
The football betting odds are really easy to read once you become familiar with them and you shouldn’t have any problems if you’re decent at math. Looking at the odds and the amount of juice you need to pay for NFL money line bets is really important because you need to ensure you aren’t risking too much juice.