Favorites have a negative sign in front of their spread and money line odds.įractional odds: British (fractional) odds are the final type of odds used in sports betting. They represent the amount of money someone would win for every $1 wagered.įavorite: The favorite is the team expected to win the game outright. If a team is a 7-point consensus favorite, it means that most oddsmakers have the team favored by seven points.ĭecimal odds: Decimal odds, also called European odds, are one of the other formats used to present betting odds. The live odds will then start to shift after the game begins and will generally continue until the game is over.Ĭonsensus: The consensus line is a combination of odds from the top sportsbooks. This is one of the three main types of betting odds.Ĭlosing Line: The final odds posted when the game begins is the closing line. For example, if a team is favored by one touchdown, many sportsbooks will offer odds on the team to win by at least 10 points instead.Īmerican odds: American odds are the most common odds used in the NFL, with the moneyline indicating the amount of money needed to win $100 (favorite) or the amount that a $100 wager would pay (underdog).

Here are several football sports betting terms to know: NFL sports betting terms:Īlternate lines: Every NFL game has alternate lines, as sportsbooks post different spreads and totals with adjusted odds. Football odds are also a useful way to gain an edge in NFL survivor pools and NFL office pools. NFL odds are constantly moving due to betting action, injuries and other factors, but monitoring the NFL odds board is one way to make the best NFL bets possible. The Super Bowl has more wagering options than any sporting event of the year, giving fans something to look forward to with their sports betting bankroll. From football futures odds to NFL same-game parlays and NFL props, sports betting sites have something for every bettor. The NFL is the most popular league in sports betting, with millions of Americans wagering at the top USA sportsbooks throughout the season.

Nfl odds and spreads this week