NFL betting odds are a way for sportsbooks to indicate the likelihood of a particular outcome in a game, and to give bettors an idea of the potential payout for a winning wager. The most common types of odds used in NFL betting include point spread odds, moneyline odds, and over/under odds.
Point spread odds are used to indicate the expected margin of victory for one team over another. For example, if the point spread for a game is 6.5 points, that means that the favoured team is expected to win by 6.5 points.
In order to win a bet on the favoured team, they would need to win by more than 6.5 points (or seven since there are no half-points in football). To win a bet on the underdog team, they would need to lose by less than 6.5 points or win the game outright.
Moneyline odds are used to indicate the straight-up winner of a game, without any point spread involved. The favourite team will have a negative moneyline (-150) and the underdog will have a positive one (+150). This means that for a winning bet of $100 on a favourite team, you will receive $66.67 and for a winning bet on an underdog, you will receive $150.
Over/Under odds are used to indicate the total number of points that are expected to be scored in a game by both teams combined. For example, if the over/under for a game is set at 45.5 points, bettors can place a wager on whether the final score will be over or under that total.
Keep in mind that the odds can change as the game approaches and it can be affected by factors such as injuries, weather and other news. Therefore, it’s important to keep an eye on the odds and have a good understanding of what they represent.
It’s also important to note that sportsbooks compete with one another by offering alternative spreads and enhanced odds on certain NFL betting markets. This is why it is vital to shop around for the best odds and lines before placing any NFL bets.