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Football has always been a popular game for decades and placing bets on them is a great pastime of many people, including NFL games too. There are various betting options available that people can enjoy and make their Vegas NFL game day more interesting.
However, these betting options may puzzle those who have just started with NFL betting. In this article, you will learn how to read football odds along with different types of bets you can place and maximize your potential profits in sports betting.
What are Vegas Odds?
Vegas NFL Odds is a catchphrase to illustrate the consensus NFL odds offered at ranked sportsbooks, be it online booking or in person.
Types of Betting Options.
Here are some of the best betting options that you can use to place bets on Vegas NFL odds
NFL Moneyline Odds
When it comes to the simplest NFL bet, betting the Moneyline is considered the most facile NFL bets you can place. All you have to do is merely pick one team to win outright. To get acquainted with this week’s NFL Moneyline odds, above in the feed preferences, select “Moneyline”.
The positive (+) number is the odds that represent the Underdog, and this is the sum you stand to profit if you make a $100 bet on the underdog.
Whereas the negative number is the odds which is used to display the favorite and this is the amount you will require to risk getting back $100 profit backing the favorite.
Seldom, if there are Football games where both teams possess negative Moneyline odds, in this scenario, the side with the larger negative number is considered to be the Favorite.
NFL Point Spreads Odds
As numerous NFL matchups are unpredictable and one side is heavily supported, the point spreads keep things more engaging. What point spreads does is it takes the points from the favorite and gives them to the underdog.
Even in a lopsided match, the NFL points spread makes it possible to back both sides.
You can select the “spread” to view the odds for this week’s Vegas NFL spreads.
NFL Over/Under (Totals) Odds
The other popular way to wager on NFL games is totaling, which is also commonly known as Over/Under. Betting totals call for you to wager whether the final score will be over or under the table organized by the oddsmakers.
NFL Future Odds
With NFL future odds, you can place bets on the biggest and most anticipated events of the NFL season in advance as well as throughout the season.
You will be able to compare NFL over/under odds by selecting “total” in preferences. You will come across a huge number with both (o) and (u)- which is said total. Furthermore, you have to bet on the final score to be over and under this number.
Frequently Asked Questions Related to Vegas NFL Odds
Here are some of the Frequently asked questions related to Vegas NFL Odds.
How NFL odds are calculated?
The betting favorite is displayed with a minus sign (-) followed by a number that states the sum of money that has to be bet to win an amount of $100.
Whereas the Underdog is displayed with a plus (+) sign which is also followed by a number and that number signifies the amount of money, you would win, when you bet $100.
What does +200 denote In NFL Odds?
+200 plus NFL money line denotes that you would win a sum of $200 dollars on a successful wager of $100. That corresponds to fractional odds of 2/1, decimal odds of 3.00, and implied odds of 33.33 percent.
With regard to the above, the -200 plus negative money line showcases that you have to wager $200 to win $100.
What Does Betting on Negative NFL Odds Indicate?
For instance:– If the NFL odds are on the negative side (-), it simply indicates that the results are more likely to be out, and placing a bet on those results would pay out the sum less than you have wagered.
And as far as Positive (+) NFL odds are concerned, it also showcases that the results are likely to occur, and placing a bet on those results would pay out more than the amount that you have wagered.