According to a recent report on CNN, online sports betting that includes American football betting is already a big business now. But you are not missing a lot. Online sports betting is legal and operational across 16 states and the District of Columbia. Even five more states have legalized this and are likely to launch their online platforms soon, as of press time.
Plus, the amount of money wagered is getting higher and higher and is rising. The report added in just the first eight months of this year, $28.7 billion worth of sports bets were made. The majority of them come from online wagers. In 2020, the total was at $21.6 billion. One of the sports, where you can bet online is American football.
American football is one of the most popular games in the United States. Placing bets while immersed in the game is like playing the game itself. It adds to the excitement of watching the sports. In this article, you will get to know more about American football betting and why you should get started now.
Get To Know The Current Playoff System
First in our discussion is the information on the current playoff system, like watching the NBA. The current playoff system is divided into three rounds: the Wild Card round, the Divisional round, and the Conference Championships. Let us take a look at each of them.
Wild Card Round
The Wild Card round begins in the second week of January, putting two Wild Card teams from each conference versus the third and fourth-seeded divisional winners. Moreover, the first and second-seeded teams get this week off. The two winning teams are to advance to the following round.
On the other hand, the Divisional round is conducted the following week, and this sees the top-seeded teams matched against the winners of the Wild Card round, with the top-seeded teams getting their home-field advantage. Winners of this round advance to the Conference Championships.
Like other sports, American football also holds the Conference Championships to find out the winning team for each conference. With the field being narrowed down to four teams, or two from each conference, winners in these two games are named the NFC Conference Champion and the AFC Conference Champion.
These two winning teams will go head-to-head against each other in the Super Bowl for the opportunity to claim the national title and receive the Vince Lombardi Trophy.
Next up, betting in the NFL playoffs.
Betting In The NFL Playoffs
Did you know that in the arena of online gambling, betting for the NFL playoff is considered one of the biggest markets in the world? When it comes to American football betting in general, post-season wagers are usually the most popular. These are the ones the online betting fans are focusing on every year.
When you look at online gambling, betting for the NFL Playoffs correlates with the industry. That is, the sport needs gambling, and gambling needs the sport.
NFL And American Football Bets
Now, let us take a glimpse at how betting works for American football and the NFL. In the industry of online betting, there are two main betting styles in American football. One is points spread betting, and the other one being Moneyline betting. What you will choose depends on your personal preference. Here are the important things you must know.
Points Spread Betting
Points spread betting is the most popular type of American football betting. Also referred to as betting the “spread” or the “line,” this approach involves the sportsbook setting a betting line. This is determined by the number of points the bookmakers believe the game will be decided by.
For instance, the “points spread” or the line on American football teams such as the Jets and the Chargers could be set at -7 in favor of the latter. If you see this line and are looking to participate in American football betting online, it means that the sportsbook believes the Chargers will triumph at home by around seven points.
Should you decide to accept these odds and bet on the Chargers at the given number earlier, you would need them to win by over 7 points to receive a return on your investment. It is necessary to note that should the Chargers win by exactly 7 points, this is a push, and your wager would be returned.
If you bet for the Jets, listed as +7, this would mean you would need the team to get within 6 points of the Chargers for your bet to win. Moreover, similar to the previous bet, if the Jets get within 7 points of the Chargers, it would also be a push.
Now, what is the Moneyline all about? You might have heard this being discussed in online sports betting communities, and it is time you get to know this.
Moneyline betting is likewise popular with fans of American football because of its simplicity. Instead of requiring particular point conditions, the bet requires the bettor to decide which team they believe will win the match.
If you are betting online, sportsbooks in American football will set the odds before the game based on the team’s chances to win. For instance, the Moneyline on a game could be:
San Diego Chargers -200 | 1.50 | 1/2 New York Jets +170 | 2.50 | 3/2
Those odds are presented in American, Decimal, and European formats, but they mean the same. If you place $100 on the Chargers and they win, you will collect $150 in total. There are betting odds calculators you can refer to for more information.
Tips On American Football Betting
What are the things you can do to succeed in your American football betting? First, consider the form of the NFL teams, whether they are in good or bad form. Teams who are in good form are more likely to win, less of an underdog as what bookmakers would say.
Another thing you need to take a look at is the value. Various games offer various betting opportunities, and it is the bettor’s job to determine which wagers are ideal for the match at hand. For instance, the Washington Redskins may score a high number of touchdowns, but they may also concede a lot.
In other words, you will need to understand the strengths and the weaknesses of the American football teams to spot the most proper bets. Once you can begin to match teams and bets, your success rate in online sports betting, American football style will increase.
It is also essential to watch your costs or monitor your finances. One of the most critical skills a bettor should possess is bankroll management. It involves two concepts to remember — knowing your available amount of money and setting limits.
For example, if your bankroll is at $500, you should only be risking around $5 per both. Sticking to this 10 percent rule on your bankroll will prevent you from losing all your money and offer you the opportunity to earn a healthy profit.
Successful bettors know how to manage their money and spot value in the market.