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NFL Point Spreads
NFL Odds can be broken down into a few different sections including; NFL Point Spreads, NFL Money Lines, NFL Totals, NFL Over/Unders, NFL First Half Odds, and NFL 2nd Half Odds. How to read NFL Odds can be confusing but BetQL is here to help.
NFL spreads: Betting against the spread, or ATS for short, is the most popular way to bet on NFL games and is also very simple. The team that is favored will be listed with a negative number (ie. -5) and that is the number they need to win the game by. In this example the favorite must win by 6 or more points to “cover” the spread and win the bet. If they win by exactly 5-points the bet is considered a “push” or “no-bet”. The inverse of this NFL betting line example is called the underdog and next to their team will be a positive number (ie. +5) and this number is the maximum their team can lose by. In this example the underdog can lose by 5 points or less to be considered a win. If the team loses by exactly 5 then the bet is considered a “push” or “no-bet”. The way NFL odds works is that corresponding to the NFL spread will be a number that shows the odds of what your bet will payout. We will use the same example we used to show how NFL point spreads works, but now add in the NFL Betting Odds.
Philadelphia (-5) -110
Dallas (+5) -110
The -110 in the example above is our NFL Betting Odds. This shows that you would need to bet $110 to win $100. The sportsbook sets the odds this way to make it enticing to bet both sides of the NFL line. The sportsbook will also take a portion of the bet which is known as the “vig” or “juice” essentially this is like a tax you pay for the opportunity to place the bet.
When betting against the spread, many sport books will allow you to “buy points”, which will change what the line is at adjusted odds. For example the Patriots are -3.5 favorites to the Rams in the Super Bowl at -110 odds, meaning a $110 bet on the Patriots -3.5 will pay out $100.
You really like the Patriots to win the game, but are worried that the Rams will keep the game close and it could come down to a last second field goal, leading to a Patriots 3-point win, and thus they would not cover the spread.
In this case, you could buy a half point -- bumping to the line Patriots -2.5, and thus making the Patriots cover the spread if they win by a field goal. However, if you decide to do this the odds for new line (Patriots -2.5) will bump to -130 and thus lessing your potential payout. Buying points in not available on all sports books.
NFL Betting Lines
We live in a time where you can find information on anything just with a few taps on your smartphone, but unfortunately sports gambling hasn’t fully caught up. Many sites that display NFL odds are showing images of the opening line and you are left to fend for yourself when you go to place a bet at the book. BetQL prides itself on having the most up to date NFL betting odds at all time. We are able to work closely with sportsbooks and are able to reflect up to the second NFL point spread changes. If the line changes at your book you can be sure that BetQL has that updated NFL line. No longer do you have to go searching around to find NFL lines for this week because BetQL has everything you need and more!