When it comes to football betting, one of the essential things punters need to understand is the odds. Football odds can be very confusing and intimidating for those new to betting on football, but once you understand how they work, they can be a powerful tool that can help you make money from your bets. In this article, we will explain how football betting odds work and show you how you can use them to your advantage.
Bookmakers with the Best American Football Odds
Finding the right bookmaker is essential. There are a lot of factors to consider, from the odds they offer to the range of markets available.
To help you find the best bookmaker for American football betting, we’ve compiled a list of our top picks. We’ve considered everything from the odds they offer to the range of markets available, so you can be sure you’re getting the best possible deal.
So, without further ado, here are the Canadian bookmakers with the best American football odds:
What are football betting odds, and how do they work?
Football betting odds are the probability or likelihood of an event occurring. The odds are usually expressed as a number, which can be either positive or negative. For example, 3 to 1 odds mean that every time you bet, you will win three times if the event happens. Conversely, 1 to 3 odds means that for every three times you bet, you will win once if the event happens.
The bookmaker always calculates the odds of an event, which will vary depending on how likely they think the event is to happen. The higher the odds, the less likely the event is to happen – so you will get more money back if it does occur. The lower the odds, the more likely the event is to happen – so you will get less money back if it does occur.
Football betting odds can be displayed in several ways, but fractional odds are the most common. These are usually displayed as two numbers, separated by a slash. For example, 5/1 odds mean that for every time you bet, you will win five times if the event happens.
Another way of displaying football betting odds is decimal odds. These are displayed as a single number with a decimal point. For example, 2.5 odds means that every time you bet, you will win twice if the event happens.
You can also sometimes find football betting odds expressed as a percentage. This is the probability of the event happening, expressed as a percentage. For example, if the odds of an event happening are 50%, there is a 50% chance of it happening.
When placing a bet, you will need to choose whether to bet on the event happening or not. If you think the event is more likely than the odds suggest, you should bet on it happening. If you believe the event is less likely than the odds tell, you should bet on it not happening.
Remember that bookmakers have an advantage because they have calculated the odds based on their expert knowledge. This means that you will never be guaranteed to make a profit from betting, no matter how good your research is. However, carefully considering the football betting odds before placing your bet can give you a better chance of winning.
How can you use the odds to your advantage when placing a bet?
When it comes to betting on football, the odds can be a great tool to help you make your picks. Understanding how the odds work and what they mean gives you a better chance of winning your bets.
The first thing to understand is that the odds are not always accurate. Just because a team is favoured to win by a certain amount does not mean that they will win. The odds are simply a way to give you an idea of which team is more likely to win.
You should also be aware that the odds can change over time. This is especially true if news about a team could impact their performance. For example, the odds will likely change if a key player is injured.
When looking at the odds, you want to pay attention to the Moneyline. This is the amount of money you would win if you bet on the favourite. For example, if 7 points favour a team, the Moneyline would be -700. You would need to bet $700 to win $100.
The other number that you will see is the point spread. This is the number of points that the favourite is favoured by. In our example, the favourite would be favoured by 7 points. You would win your bet if they won by more than 7 points. You would lose your bet if they won by less than 7 points.
The odds can be a great tool to help you make your picks, but you need to be aware of their limitations. They are not always accurate, and they can change over time. However, if you use them correctly, they can give you an advantage when placing your bets.
What are some of the most common football betting odds available online?
The most common types of football betting odds are the Moneyline, point spread, and total.
Moneyline: In a Moneyline wager, bettors pick which team they believe will win the game. The odds will be expressed as either positive or negative numbers. A negative number indicates how much you would need to bet to win $100, while a positive number indicates how much you would win if you bet $100.
Point Spread: A point spread wager is a bit more complicated than a Moneyline wager. In addition to picking a winner, bettors must also correctly predict how much the winning team will win. The point spread is a handicap, giving the underdog team a head start. The odds for a point spread wager will always be -110, meaning you would need to bet $110 to win $100.
Total: A total wager is an over/under bet. In this type of wager, bettors are simply trying to predict whether the game’s final score will be over or under a certain number. The odds for a total wager will be -110, just like a point spread wager.
Some other less common types of football betting odds are parlays, teasers, and futures.
Parlay: A parlay wager is a single bet that links two or more individual wagers. If any bets in the parlay lose, the entire bet is lost. Parlays often offer very high payouts, but they are also very risky.
Teaser: A teaser wager is similar to a parlay but with one important difference. In a teaser wager, bettors can adjust the point spread or total in their favour. This makes it easier to win the bet, but it also lowers the potential payout.
Future: A future wager is a bet on an event that will occur at some point in the future. The most common future wager in football is betting on which team will win the Super Bowl at the end of the season. Future wagers typically have very high odds since they are often made months or even years in advance.
These are just some of the most common types of football betting odds that you will come across. There are many others, but these are the most popular. When betting on football, it is important to understand the different types of odds and how they work before placing any money down. Otherwise, you could end up losing a lot of money.
Tips for choosing the best American football odds
When it comes to American football betting, the odds can vary significantly from one bookmaker to another. It pays to shop around and compare odds before placing your bet. Here are some tips to help you choose the best American football odds:
Check out multiple bookmakers
Don’t just stick to one bookmaker when placing your bets. Compare odds across bookmakers to ensure you’re getting the best possible deal.
Pay attention to the point spread
The point spread is the number of points the bookmakers think will score in the game. Paying attention to this number when choosing your bet is important, as it can affect your chances of winning.
Consider the Moneyline
The Moneyline is the odds for a particular team to win the game outright. This can be a good option if you’re confident in a team’s ability to succeed.
Know when to bet the over/under
The over/under is the total number of points bookmakers think will be scored in the game. This can be a good option if you’re not sure which team will win, but you’re confident there will be many points scored.
Shop around for bonuses and promotions
Following these tips should help you choose the best American football odds and give you a better chance of winning your bets. Good luck!
American Football Odds FAQs
For example, if a team is listed at -110, you must bet $110 to win $100. On the other hand, if a team is listed at +350, you would win $350 for every $100 you bet.
A point spread is several points the oddsmakers assign to generate betting interest on both sides of a game. The favourite will be given a point spread that they must win by for bettors to collect on their wagers, while the underdog is given a point spread that they can lose by and still win bets.
For example, if 7 points favour a team, they must win the game by more than 7 points for bettors who picked them to win the bet. Similarly, if an underdog is given a +7 point spread, they can lose the game by up to 6 points and still win bets.
A parlay is a bet that combines two or more individual wagers into one single bet. For a parlay to win, all bets must be correct. Parlays offer higher payouts than individual wagers, but they are also much harder to win.
A prop bet is a wager on something that will or will not happen during a game. For example, you might bet on whether or not a specific player will score a touchdown in the game. Prop bets can be found on all sorts of things, from how many total points will be scored in the game to who will win the coin toss.
A futures bet is a wager on something that will happen at some point in the future. For example, you might bet on which team will win the Super Bowl before the season starts. Future bets can be placed on divisional and conference winners and which team will ultimately hoist the Lombardi Trophy.
A half bet is a wager that can only be won or lost in one half of the game. For example, you might bet on which team will have more total yards in the first half. Half bets can be placed on points scored, total yards, and turnovers.
A quarter bet is a wager that can only be won or lost in one-quarter of the game.
A teaser is a bet that combines two or more wagers into one. Unlike a parlay, a teaser allows bettors to adjust the point spread or total in their favour. For example, a bettor might take a 7-point favourite and tease them down to a 3-point favourite. Teasers are often used to increase the potential payout of a bet, but they also come with increased risk.
A pleaser is a bet that combines two or more wagers into one. Unlike a parlay or teaser, a pleaser allows bettors to adjust the point spread or total against them. For example, a bettor might take a 7-point favourite and tease them up to a 10-point favourite. Pleasers are often used to increase the potential payout of a bet, but they also come with increased risk.