NFL betting has long been the most popular form of sports betting in the United States and even internationally and players in New Jersey can now get in on the action from their desktop or mobile device. Since the state legalized online sports betting, football fans can bet on the big game or get in on one of the many prop bets available at online sportsbooks right from the comfort of their home.
If you are new to NFL betting and football odds, a good place to start is by understanding the different types of bets that can be made and where you can make them. Here we will break down the point spread and moneyline, two terms you will become very accustomed to, and the top online sportsbooks where you can get started right now.
How to Bet on Football Odds
There are three main types of bets you can make at any online sportsbook.
The first is the point spread bet. When you log on to any online betting site, you will see a favorite and an underdog for each game, except the rare occasional where the matchup is evenly split or a “pick em.” The favorite must win by a larger margin than the point spread for your bet to cash in. So if the Patriots are a -3 favorite, they must win by at least 4 points for you to win while a 3-point win would get you your money back. If the Dolphins are a +3 underdog, however, your bet will win as long as they win or don’t lose by more than three points, giving you an incentive to put money on a team that is not likely to win outright.
Another common bet is the moneyline bet. In this case, there is no margin of victory the favorite has to cover. Instead, each team is marked with the ratio of the payout to your initial bet. So if the Chargers are a -300 favorite, you would have to bet $300 to win $100 but if the Rams are a +160 underdog, your $100 bet would net you $160 if they win.
The other common bet is the over/under. Each game will be marked with a projected combined point total for the game that is determined by the sportsbook. You can bet whether the actual final combined score will be higher or lower than the projected amount. You can also make over/under wagers on “prop” bets, so you can bet on whether a defender will have over or under 10 sacks in a season or whether a wide receiver will have over or under two touchdowns in a game.
Top NFL Betting Sites
Since online sports betting was legalized in New Jersey, virtually every football odds maker in the state has taken their offerings online.
Two of the most popular online sportsbooks are DraftKings and FanDuel, which are well known to football fans who like to play daily fantasy sports. The two sports gaming giants offer generous deposit bonuses and even free bets to get you started. As with every online sportsbook in New Jersey, the only requirements are that you are located inside the state and are over 21 years of age.
Well-established casinos have gotten in on the action as well. The Golden Nugget, 888 Casino, Sugar House Casino, Caesars, MGM, Resorts, and the Borgara all offer online sports betting from your desktop or mobile device, though their user interfaces lack a bit behind FanDuel and DraftKings in some cases. William Hill, one of the top sportsbooks in the state, has also launched their own betting site and application.
Many of these sites will also allow you to place prop or in-game and in-season bets. This means you can bet on whether a quarterback will throw more than 40 touchdowns in a season or whether a running back will rush for more than 150 yards in a game. Each bet will come with its own accompanying moneyline. In-game bets allow you to make the game even more exciting but the odds and payouts are constantly changing so you have to stay on your toes!
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