In the world of sports-betting, American football is one of the most bet games across the world and the leader in the United States. It is estimated that over $100,000,000 is bet every year on football in the States. There are many different varieties of betting options for the game.
Common Types of Football Bets
The most common types of bets placed on football games in the United States are:
- Money Line
- Point Spread
- Over/Under
- Parlays
- Prop Bets
- Live Betting
- Futures
This is the opening game of 2024.
The three most common bets can be seen in the picture above. If you bet $100 on the Ravens to win, you win $129. If you bet $150 on the Chiefs, you win $100, same as a $100 bet wins $66. This is the money line bet. When someone bets the spread and takes the Ravens, they win if the Ravens lose by less than 3 points or win. If you bet the Chiefs, you need to win by more than three. There is a push here. If the final score was Chiefs 24 Ravens 21, then the total bet is returned to you. Often, you will see the spread X.5 points. There will always be a winner or loser for this kind of bet, since cannot score a half point.
The over/under, often just o/u, is the total amount of points scored by a team or combined. The above graphic says the final expectation is 21.5 points for the Ravens and 24.5 points for the Chiefs, with a total of 46 points combined. The bettor bets on whether the scores will be “over” or “under” those figures. The amount they win is the money line that appears after the point estimate.
More Exotic Bets
A parlay is when you bet on a series of bets. For example, a 6 game parlay is when you bet the winner of six different games. In order to win the parlay bet, the bettor must win all six game bets. The odds are not good, so the return is much higher of that happening. You can also have a same game parlay, where a series of specific events must happen to win. That could be the QB has 4 touchdown passes, throws for more than 300 yards, no interceptions, and one sack.
A prop bet is a very specific event in the game. An example of a prop bet is if the opening kickoff results in a touchdown return. Futures bets would be to place a bet on a team today that they win the championship that will take place in the future.
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