American football, known simply as football in the United States and Canada, is growing in popularity over the world, as can be seen from the fact that the Super Bowl final is now usually played at Wembley, London, United Kingdom. The National Football League is the elite league for this sport - it is made up of 32 teams, with each team playing 16 matches throughout the course of season. If you want to start betting on this sport, then you really need to read the following article first.
Before you start placing bets on American football, it is extremely important that you know what betting odds are. It would be really unwise for you to start betting on American football without first learning the different betting odds and how to interpret and read the different formats.
There are three main betting odd formats for American football, and these are Moneyline odds, decimal odds, and fractional odds. We will now take a quick look at these now.
Betting on moneylines in American football is really simple - you just need to select a team to win, and you will be paid out according to the odds provided if they do. However, while placing this type of bet is easy, newcomers might get a bit confused when it comes to the odds provided. When you look at the odds, you will see a plus and a minus sign. The team that is favorite to win will have the minus, while the underdogs will have the plus.
These are often called British odds, and they are written with a slash. For example, fractional odds of 6⁄1 would mean that you are betting $1 for every $6 that you win. Therefore, if you were to win a $1 bet at 6⁄1, you would see a return of $7 (this includes your $1 stake). If you were to bet $10 on an outcome with 6⁄1 odds, then you will see a return of $70 (this includes your $10 stake).
These are also called European odds, and they are easier to understand. You can tell who the favorites and underdogs are simply by taking a look at the numbers. The team with the smaller number is the team that is favorite to win the match. The numbers signify the amount that you will win with every $1 that you bet, and this is your total return instead of your total profit. Therefore, because you do not need to add your stake back, you will find it easier to calculate what your total return will be.
Different Types of American Football Bets
There are a number of different bets that you can make when you are betting on this sport, and we are going to take a look at some of the most popular right now.
With this type of bet the bookmaker makes a prediction regarding the number of points that will be scored in a match, and you have to decide whether you think the final total will be higher or lower than the number that the bookie predicted. For example, the bookie might set the number at 44.5, so if you bet on higher you will need 45 points or more to be scored in order to win, while you will need 44 points or fewer to win if you bet on lower.
Winning Margin Bet
This type of bet does not require an IQ of 150 to figure out what it is. When you are placing such a bet, you choose the team that you think will win, and then you have to decide on how many points they will end up winning by. If the team goes on to win by the number of points that you predicted, then you will be a winner.
With these side bets you can bet on the team that you think will score first or the player that you think will score the first or last touchdown. Or you can bet on a certain player to score at any stage in the match. Most of the time, the odds are at least 2.00, meaning that you will double your money if you guess correctly.