Nowadays, online sports betting is becoming more and more popular. It’s a great way to get in on the action without leaving the comfort of your own home. And with the National Football League (NFL) being one of the most bet on sports in the world, it’s no wonder that many sites offer NFL betting.
If you’re new to online sports stake and want to get into NFL betting, you may be wondering how to go about it. With so many different options, it can be overwhelming to figure out where to start.
To help you out, here’s a comprehensive guide on how to bet on NFL online.
1. Find A Reliable Sports Betting Site
As mentioned, many NFL sports betting sites are available, and not all are created equal.
When choosing a sports betting site, it’s best to find a reliable and has a good reputation. After all, you’ll trust them with your money and not want to get scammed.
To help you find a reputable sports betting site, here are a few things to look for:
- Make sure the betting site is licensed, legitimate, and regulated by a government body. This ensures that your money is safe.
- The gambling site should have positive reviews from other users. You can find these by doing a simple Google search.
- The site should offer good odds-on NFL games. This means you’re more likely to win your bets and make money.
Additionally, there are also sites like Kruzey that offer picks and predictions for NFL games. That means you can get an expert opinion on who’s likely to win before you place your bet. Such helpful information can help you make more informed decisions and improve your chances of winning.
It’s best to first opt for free NFL picks so you can get a feel for how the site works. Once you’re confident and comfortable with the betting site, your next step is to create an account.
How to create an account? It’s pretty straightforward. You only need to provide personal information like your name, email, and address. You may also be asked to set up a username and password. Once done, you can now deposit money into your account and start betting on NFL games.
2. Choose Your Betting Format
Now that you have money in your account, it’s time to place bets. But before that, you’ll need to decide on the betting format you want to use.
There are three common betting formats for NFL games, which are:
In this format, oddsmakers will set spreads for each team. This is based on how they think the teams will fare against each other. For example, suppose the New England Patriots are playing against the Miami Dolphins. The oddsmakers may give the Patriots a -7-point spread, meaning they need to win by more than seven points for you to win your bet.
If you bet on the Patriots, they can either win by eight or more points (known as a ‘push’ if they win by precisely seven points), you’ll get your money back or lose the game outright. On the other hand, if you bet on the Dolphins, they can either lose by six points or less, tie the game, or win outright. You’ll usually see a (-) sign next to the favorite team and a (+) one next to the underdog.
The Moneyline betting format is much simpler than Point Spreads. You’ll just need to pick which team you think will win the game outright. Let’s use the same team as an example (Patriots vs. Dolphins).
The oddsmakers may give the Patriots odds of -250 and the Dolphins odds of +200. That means if you bet $250 on the Patriots, you can win $100 if they win the game. On the other hand, if you bet $100 on the Dolphins, you can win $200 if they win outright.
As you can see, you have a higher chance of winning if you bet on the favorite, but the payout is lower. Conversely, your odds of winning are lower if you bet on the underdog, but the payout is higher.
This betting option is also known as Totals. Oddsmakers will set a total number of points they think will be scored in the game. For example, if the total is set at 45 points, bettors can choose to bet ‘over’ (that there’ll be more than 45 points scored) or ‘under’ (that there’ll be 45 points or less scored).
Both teams must score a combined 46 points or more for you to win your bet if you bet on the ‘over’. Similarly, if you bet on the ‘under,’ both teams must score 45 points or less for you to win. In other words, it doesn’t matter which team wins or loses, as long as the total points scored are either over or under the set number.
How To Place Your Bet
It’s pretty simple to place your bet once you’ve decided on the betting format. Go to the NFL games section and choose the team you want to bet on. Select the amount of money you want to wager, click the ‘Place Bet’ button, and you’re ready to go.
You can bet on multiple games simultaneously by choosing the ‘Multi-Bet’ option. Pick all the teams you want to bet on and enter your stake. The potential payout will be displayed automatically. You can track your bet by going to the ‘My Bets’ section. Here, you’ll see a list of all the bets you’ve placed and their current status. And if you win, the money will be credited to your account immediately.
There you have it—the basics of betting on NFL games online. Use this article as a guide; you’ll be raking in the winnings in no time. Just remember always to gamble responsibly and have fun!