Most Important Reasons to Compare the Best Sportsbook Odds for the NFL
Sportsbooks don’t offer exactly the same odds on a game and that’s how sportsbooks make money. For this reason, it’s well worth finding out exactly which ones payout the most in the event of a win, long before placing a bet. But there are so many bookmakers these days that comparing US NFL betting odds on every single sportsbook is a herculean task.
Using odds comparison sites to find the best sportsbook odds for the NFL make it a walk in the park, saving bettors a considerable chunk of time and hassle, so they go straight to the sportsbook that is offering the best sportsbook odds for the NFL.
Comparing the available US sportsbook bonus offers is also important, as these can be used to further optimize the bet.
It’s important to find the sportsbook offering the best betting odds for football, especially the best US NFL betting odds and bonus offers.
Online vs. Offline: Chasing the Best Sportsbook Odds for the NFL
There are a few benefits to using a US sports betting guide when betting online. These contribute to getting the best sportsbook odds for the NFL, and the best return for a bet when it comes to finding the best sports betting sites in the USA.
A bettor can do their homework before betting with a sportsbook site. They can read US sportsbook reviews and verify the site is not a scam site. With offline betting, there is less time to check these things.
Keeping it Cool
Sitting comfortably at home and able to easily find an online casino list to review and compare all the best sportsbook odds and bonus offers for the NFL is a no-brainer. Having all the information you need in the comfort of your own home is quite an advantage.
The History of Betting Odds in General
Gambling is an activity with a very long history indeed. Sports betting first began as a way for spectators to participate in a sport, though betting is not limited to sports.
Disagreeing with someone on which side of a fence a leaf would fall and making a bet on it, or making other similar bets was common practice.
No matter the bet, ultimately, bettors become players in their own game by making a sport out of betting on an outcome. Betting is not any different from sports, other than that the players wait for an outcome, rather than create it themselves.
It’s hard to pinpoint precisely when, in history, odds came into play. There are records of odds in literature dating back to the 16th century. However we could imagine that much of what we call odds today would have evolved alongside mathematics, and specifically, probability theory.
There are three types of odds:
Decimal odds are used in Australia, Continental Europe, New Zealand, and Canada. Decimal odds are shown like this – 2.9.
Fractional odds are favored in the UK and Republic of Ireland. Fractional odds are shown like this – 2/1, 3/2 etc.
Moneyline / American Odds
These are the odds that are used when sportsbooks display the best betting odds for the NFL. Moneyline odds (or American odds) are favored in, you guessed it, the USA. Moneyline odds are shown like this – +800 / -200.
Today bettors can bet on the best sports betting sites for football, best sports betting sites for college football, or even daily fantasy sports football.
It’s easy to access US gambling guides and the best football sports betting strategies online, or find the best betting odds for the NFL and other football games.
How Are US NFL Betting Odds Being Calculated?
Moneyline odds are used as US NFL betting odds. Underdogs are assigned a plus (+) number, whereas favorites are assigned a negative (-) number.
Odds are calculated to give a higher payout for a risky bet, and a lower payout for a safe bet. Imagine that Team A has never lost a match, and Team B has never won a match. Betting on Team A would be the safe bet, and Team B would be the risky bet.
There is a lot more nuance to betting on teams, and each sportsbook calculates its odds. It’s unlikely two sportsbooks have the same odds on a game. Stacking the odds against those betting on the safe bet is a sound strategy to avoid bankruptcy.
The calculation for payouts on underdog bets is the odds number (for example, +800) 800/100 = $8 per $1 wagered.
The calculation for payouts on favorite bets is the odds number (for example, -200) 100/200 = $0.50 per $1 wagered.
Odds Betting Strategies
There are a few betting strategies that involve taking advantage of value bets that can be found on NFL sportsbook odds in the USA.
Here are two to give you food for thought:
Arbing / Arbitrage Betting
Arbing or Arbitrage betting is a process highly frowned upon by bookmakers, and you may have your account suspended if you’re caught doing it. So, how does it work? To place an Arb bet you need to back and lay an outcome to a given event. ‘Back’ means you’re ‘for’ the specific outcome, and ‘lay’ means you’re against. For example, you could back a soccer team to win, and also to lose.
You’ll need to place your ‘back’ bet with a bookmaker, and the ‘lay’ bet with a betting exchange. The odds must be higher on the ‘back’ bet for this to work. You can find them on any betting market, but it’s increasingly difficult to do so as the operators are constantly on the lookout. It effectively guarantees a small profit if you get it right.
Matched Betting is another process despised by bookmakers, but it works differently to Arbing. For Matched Betting, you still need to place both a ‘back’ and ‘lay’ bet, but you don’t need to find higher odds for the ‘back’ bet. The profit here comes through using a ‘free bet’ or ‘bonus bet’ to ensure a profit. Again, if you’re caught, you’ll likely be banned. It does guarantee a profit, though.
Here are some of the most popular markets:
- 1/X/2 or single bets – bet on a home win, a draw, or an away win.
- Accumulators – bet on the outcomes of multiple matches in one bet.
- Anytime goalscorer – bet on a player scoring a goal.
- Both teams to score – bet both sides will score at least one goal.
- Correct score – bet on the exact final score.
- First goalscorer – bet on who will make the first goal.
Odds Comparison FAQ
It’s not all about odds. There are other important things to consider when using comparison sites to find the best betting odds for the NFL. Read through this section before you try to find the best US NFL betting odds for your bet.
What are the most important mistakes to avoid when making a deposit?
- Not doing your homework – use a comparison site to find the best sportsbook for your bet.
- Overspending – betting on anything is unpredictable, as tempting as it may be, never wager more than you can comfortably afford to lose.
- Not specializing – stick to the one sport that you know best.
- Always taking sides – there’s a difference between a sports fan and a sports betting fan, one loves the team, and the other loves winning the bet.
- Chasing the high – finally, you win big, after the excitement, you feel the adrenaline fading and start thinking about your next bet. Knowing when to stop is just as important as knowing when, how, and how much to bet.
Is betting legal?
Sports betting is legal in the USA, some states still have certain rules and limitations. You can be sure that the best PA gambing sites and the best NJ gambling sites will have the right licenses. It’s a good idea to check the limitations and regulations active in your state regardless.
Is your odds comparison service free of charge?
Paid or unpaid, ensure that you are accessing valuable tips from reputable, experienced professionals. Check out our other reviews to find out more about our payments and gambling sites deposit options.
Why should I not bet with my standard bookie?
When dealing directly with a bookie, it’s easy for them to adjust the odds in their favor for each customer.
A lot of strategies also require taking advantage of odds discrepancies between different sportsbooks. Going with the same bookie doesn’t allow for the application of a lot of strategies unless you choose a betting exchange.
Are there differences between online vs. offline odds?
Online sites offer the same odds for everyone, whereas an offline bookie may offer different odds to each customer. Odds are also easily compared on comparison sites from the comfort of your living room chair. There’s no way to achieve this with offline odds.
It’s easy to level-up when it comes to betting on the NFL or any other sports. Define your goals when it comes to betting – do you want to improve your skill, become a pro and make a living out of it, or just have fun and score a few wins?
Select a strategy perfect for your time, budget, and betting goals. Save time when comparing odds by taking advantage of odds and bonus comparison sites. Use odds discrepancies to your advantage. And take advantage of sportsbook guides, strategies, bonuses, odds, and promotions to improve your knowledge, and your winnings.