3/29/2022»»Tuesday

Best Type Of Bet For Football

3/29/2022

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If you’re new to football betting and keen to get involved
then you’ve just come to exactly the right place. On this page
we will teach you all the basics of betting on football, and
make sure that you are on the right track from the moment you
place your first wager. If you feel like you’re ready to dive right in, here are the top football betting sites we recommend:

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In our opinion this is one of the most useful beginner’s
guides to football betting
you’ll find anywhere on the internet.
It covers everything you need to get started, and yet you don’t
need to worry about getting overwhelmed with detail as we keep
our explanations as simple as possible.

For those who are only really interested in wagering for a
bit of fun, you’ll be ready to go as soon as you’ve finished
reading this page. For those of you with ambitions of making
long term profits, we also point you towards a wide range of
additional information and advice that will help you to achieve
such goals. We’re not promising that we’ll make you an instant
expert, but we’ll certainly give you the chance to become one.

If you’re simply just looking to bet on football games right now we have
listed our top recommendations for online betting sites below. These
are sites that we have found to be trustworthy with our money and
offer football bettors true value.

We recommend reading through this whole page from start to
finish, but we’ve listed the various topics we cover below if
you’d prefer to skip straight to something specific.

How to Bet on Football: Page Contents

Before You Start: Recommended Reading
Different Types of Football Bets
Where to Place Your Bets
Using Online Betting Sites
Essential Advice for Beginners
Improving Your Football Betting Skills

Before You Start: Recommended Reading

If you’re already familiar with how sports betting works, and
know a thing or two about football, then please feel free to
skip this section. If, however, you’re completely new to sports
betting and/or not much of a football fan, then there are a few
things you should learn before you start placing bets on
football games.

Firstly you really need to understand the basics of what
sports betting is all about
, and what’s involved with placing
wagers. These basics are relatively straightforward, so
thankfully it doesn’t take long to get up to speed. It’s
definitely advisable to familiarize yourself with them though.
Our beginner’s guide to sports betting is the perfect resource
for this. Here’s a selection of some of the topics it covers.

Sports Betting For Beginners

In addition to knowing the basics of betting, you should also
know at least the basics of football too. It’s likely that most
people reading this are big sports fans, and fully understand
it, but that’s not necessarily the case for all our readers. We
like to cater for everyone, so we’ve written the following two
articles explaining all about the game at both professional and
college level.

About The National Football League
About College Football



Different Types of Football Bets

One of the first things you should understand about betting
on football is the fact that there are several different types
of wagers
that can be placed. You won’t necessarily use all the
different types, depending on what strategies you employ, but
it’s still advisable to learn at least a little about each one.

Below we look at the two most popular types of wagers, some
of the other commonly used options, and the various options for
wagering on multiple games with a single bet.

The Most Popular Types of Football Bets

There are two types of football bets that are used far more
than any other. Many people who bet on football place only the
following wagers.

  • Point Spreads
  • Totals

Some readers will already know all about these and how they
work, but we’ll explain a little about them for those that
don’t.

Point Spreads

A point spread is effectively a handicap that’s used to
create a 50/50 wagering proposition. For example, a bookmaker
may offer the following point spread on a football match between
the San Diego Chargers and the Indianapolis Colts.

Point Spread
-3.5
+3.5

What this spread means is that, for the purposes of wagering,
the Chargers will have 3.5 points deducted from their final
score. For a bet on them to be successful, they would therefore
have to win by four points or more. The Colts, on the other
hand, will have 3.5 points added to their final score. A bet on
them would be successful if they won the game, or lost by 3
points or less.

You can read more about point spreads on the following page.

Totals

Totals are just as easy to understand. With these, the
bookmaker posts an expected total for the amount of points
scored by both sides. On the previously mentioned match between
the Chargers and the Colts, for example, they might set the
total at 48.50. You then have to decide whether to bet on the
over or the under.

A wager on the over will win if the combined score from the
two teams is 49 or over (e.g. Chargers 29, Colts 24). A wager on
the under will win if the combined score from the two teams is
48 or less (e.g. Chargers 19, Colts 17).

We explain totals in more detail on the following page.

Before we go onto explain some of the other types of wagers
you can place, there’s some very important information that we
need to mention.

The basic principle of point spreads and totals is that you
have roughly a 50% chance of winning, so technically a “fair”
return on these types of wagers should be equal to the amount
staked. However, they are usually priced up by bookmakers at
odds of -110 (1.91 in decimal odds format, 10/11 in fractional
odds format), which means for every $110 staked you stand to win
$100. You don’t have to stake as much as $110 of course, but the
point is that a successful wager will only return 90% of the
amount staked (plus the initial stake of course).

This is because bookmakers are in business to make a profit,
so they effectively charge a commission for taking wagers. This
commission is known as the vig, short for vigorish, and it’s one
of the ways that bookmakers stay profitable. They don’t charge
it just for points spreads and totals either, as it’s built into
the odds for every wager that they offer.

Further Information

If you have any ambitions of being a
successful bettor, we strongly recommend reading our article
explaining vig and how bookmakers make money.

Other Common Football Bets

In addition to point spreads and totals, there are three
other types of bets that are commonly used for wagering on
football. These are as follows.

  • Moneylines
  • Props
  • Futures

We’ll now provide a brief overview of each of these, and
point you towards some additional information on each one too.

Moneylines

A moneyline wager is very simple. It involves simply backing
a team to win a match, with no point spread involved. The odds
for moneyline wagers are based on each team’s relative chance of
winning. For example, the moneyline on a game between the San
Diego Chargers and the Indianapolis Colts might look like this.

Moneyline
-175
+155

The Chargers are the favorites here, and the odds of -175
mean that a stake of $175 is required to win $100. To put it
another way, every $1.75 staked stands to win $1 if the Chargers
win. Initial stakes are returned too of course.

The Colts are the underdogs, so backing them means the
potential for higher payouts relative to the amount staked. The
odds of +155 mean that every $1 staked stands to win $1.55 if
the Colts win (i.e. a $100 wager stands to win $155 if the Colts
win). Again, initial stakes are also returned.

For more information on moneylines, and the strategy involved
in placing them, please see the following article.

Props

Props, short for propositions, are wagers on outcomes that
are decided during a football game, but are not necessarily
directly linked to the final result. Some examples include the
following.

  • The first team to score.
  • The distance of the longest touchdown.
  • The total passing yards of a quarterback.
  • The number of field goals kicked.

These are just a very small selection of some props. Many
bookmakers offer dozens of different options, particularly on
high profile matches. Props are generally considered a fun type
of bet rather than a way to make money, but it is possible to
make consistent profits from them. We explain more about props
on the following page, where we also offer some strategy advice.

Futures

Futures are wagers on how teams, or individual players, will
fare over the course of an entire season. A wager on a team to
win the Super Bowl, placed at the start of the season, would be
considered a future. So would a wager on a team to be the
National Football Conference champions, or a wager on a player
to win the Most Valuable Player award.

There isn’t a lot more to explain about futures, and there
isn’t really much in the way of specific strategy for them
either. We do go into a bit more detail on them on the following
page though.

Betting on Multiple Football Games

A lot of people like to bet on multiple games at once, as
this can provide the potential for big payouts. It’s not
something we particularly advise beginners to get involved with,
but it doesn’t hurt to understand the options available. The
main ones are as follows.

  • Parlays
  • Teasers
  • Pleasers

Let’s take a quick look at what these are all about.

Parlays

A parlay basically combines several different wagers into
one. For example, a parlay could be made up of five point spread
wagers on five separate games. The payout for such a wager could
be very attractive, but only if ALL the wagers were correct.
Just one wrong pick would mean the whole wager failing. That’s
why these are considered quite risky. They’re a bit more complex
than the previous wagers mentioned, but we won’t go into any
more detail here. We do on the following page though.

Teasers & Pleasers

Teasers and pleasers are essentially types of parlays that
use modified point spreads or totals. With teasers, the spreads
or totals are moved in the bettor’s favor. With pleasers, they
are moved in the bookmaker’s favor. There’s plenty more to
explain about these wagers, which we do on the following pages.

Where to Place Your Football Bets

Now that you know about the different wagers you can place on
football, the next step is actually placing them. The question
you’re probably asking now is “how and where can I do this?”
There are a few options, which we list below, but please be
aware that not all of these are available in all parts of the
world.

Best Type Of Bet For Football
  • Casino Sportsbooks
  • Bookmaking Shops
  • Telephone Betting
  • Online Sports Betting Sites

Casino Sportsbooks

Many casinos around the world contain a sportsbook. They
usually feature several big screen TVs showing any live sports
action currently taking place, and computerized odds boards
displaying all the latest odds. There are typically cashier
windows where you can place your wagers with a real person, but
some books have interactive machines instead. Either way, these
are great places to place some bets and watch the games at the
same time. The problem for Americans, though, is that they are
only legal in Nevada. There are plenty of sportsbooks in Las
Vegas casinos, but not in other parts of the country.

Bookmaking Shops

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Bookmaking shops are mostly like sportsbooks, they’re just
not inside a casino. They also generally have lots of TVs
showing sports, and a counter where wagers are placed. These
shops can be found in many countries around the world, but
they’re not legal in the United States.

Telephone Betting

A lot of bookmakers offer telephone betting services, and
they are usually very straightforward to use. It’s a simple
matter of calling the relevant number, telling the operator you
reach which wagers you want to place, confirming the odds, and
then providing your credit card details. Some bookmakers take
other payment methods too, and some even offer credit lines to
select customers.

This is another option that’s not available to Americans. Not
legally at least, as the Federal Wire Act of 1961 made telephone
betting illegal. You might be getting disheartened by now if you
live in the US, and wondering exactly how you’re ever going to
place any wagers. Don’t worry though, as we have one more option
to tell you about.

Online Sports Betting Sites

Using an online sports betting site is far and away the best
way to bet on football, or any sport for that matter. It’s the
most convenient and accessible option, and there are several
other advantages too. Best of all, it’s legal in the United
States. There are some laws against online gambling in the US,
but these mostly apply to companies and individuals providing
gambling services. There’s no law that states it’s illegal to
use a gambling site of any kind, so Americans are at liberty to
place football bets online if they so choose. We’ve written the
following page explaining things in more detail for those
interested, or you can just keep reading for a quick guide to
getting started online.

Using Online Betting Sites

Using sports betting sites to bet on football online is
relatively straightforward. It’s super easy to open accounts at
most sites, and the majority of them are very user-friendly.
Finding and placing wagers generally takes no time at all, and
can be done from the comfort of your own home with just a
computer and internet access. You can even use most sites from a
smartphone or tablet these days.

Please make sure that you use the right sites though. Most
places are pretty good, but there are some that are best
avoided. It’s vital that you use a safe and trustworthy option,
and you also want to use somewhere that is suitable for
football. We suggest taking a look at the following sites.

Our Top Ranked Football Betting Sites:

This is part 1 of a two part analysis of teasers.

Part II.A Look at Advanced Teaser Strategy

Teasers are one of the many different ways to bet football. If you’re brand new to sports betting, as in never placed a bet, you should read the article I just linked you to as the information contained in this article here is quite advanced. For others, if simple math makes your head spin, note that I touch on teasers in my simple to follow article on football betting systems. For anyone ready to learn, let’s dive into advanced teaser betting which is one the best ways to profit betting NFL football.

What is a Teaser Bet

A teaser bet is a parlay bet that uses modified point spreads. For example: a 2-team 6-point teaser on Giants -8.5 -110 and Patriots +4.5 -110 gives you Giants -2.5 and Patriots +10.5 as a parlay. The odds for 6-point teasers vary between bookies. To give an idea: 2-team 6-point teasers are generally offered at -110, 3-team 6-point teaser at +150 to +180 and 4-team 6-point teaser at +250 to +300. You’ll notice these pay less than standard parlays; this is because you have the added benefit of 6-points in your favor. In this article I’ll teach you everything required to make long term profits betting teasers.

Understanding the Odds

The first thing to understand about teasers is exactly what it is you are betting. Did you know a 2-team 6-point teaser at -110 is a parlay where each team is priced -262? Did you know a 3-team teaser at +180 is a parlay where each team is priced -244? If you’re already familiar with this math you can skip ahead; for those confused, allow me to illustrate this using simple math.

When betting at -110 we’re risking $1.10 to win $1.00, this means a successful bet returns $2.10 ($1.10 stake + $1.00 win). To calculate how often we need to win to break even, even when we use the formula risk/return = implied probability.

So here the math: 1.10/2.10=0.5238 (52.38%)

This tells us in a -110 teaser BOTH teams need to cover 52.38% of the time for us to break even. To see how often each team individually must win all we need to do is calculate the square root of 0.5238. You can do this via a root calculator (outside calculator); just enter 2 on the top field and 0.5238 in the bottom one. Doing this we see the answer is 0.7237 and this tells us each team must cover their point spread 72.37% to achieve the overall 52.38% required win rate. If we plug 72.37% into the implied probability field of our odds converter we see in American odds this is -262. This tells us is if we parlayed -262 with -262 the odds are -110. Therefore a 2-team 6-point teaser at -110 is a parlay with each team priced at -262.

Doing the math on a 3-team 6-point teaser +180: we start with $1.00 risked returns $2.80 ($1.00 stake + $1.80 win). So to calculate how often all three teams must win we take 1.00/2.80= 0.3571 (35.71%). This time we’re going to take the cubed root (3rd root) of 0.3571 because we’re dealing with 3 teams. Plugging this into a root calculator we see this solves to .7095 (70.95%). Once again using our odds converter we see 70.95% implied probability is -244 in American odds. So a parlay on -244, -244 and -244 pays +180. Therefore a 3-team 6-point teaser at +180 is a parlay where all teams are priced -244.

How to Beat Teasers

What Are The Best Football Bets To Make

If you’re using 3-team 6-point +180 teasers you simply need to find a situation where teasing a point spread six points increases that teams expected win rate by 20.95%. Why? Because point spreads are a 50/50 proposition, and we’ve already determined in order to break even on 3-teams +180 teaser we need each team to win 70.95% of the time. 70.95%-50.00%=20.95%, so if a point spread is 20.95% more likely to cover when moved 6-points it is a +EV bet, if less than 20.95% it is a –EV wager and should be avoided. If we’re doing 2-team 6-point -110 teasers we need to increase the win rate by 72.37%-50.00%=23.37%. Hopefully this all makes sense! If not, reread it and keep in mind the math involved here is very simple.

Basic Strategy

Teasers were originally designed as a method to extract more money from recreational punters; however, along the way sharp sports bettors soon realized that with simple math and careful selection betting teasers can be quite profitable. Although the concept Basic Strategy Teasers has been around since the 1980’s, it was 2001 book by Stanford Wong titled “Sharp Sports Betting” that introduced this concept to the masses. Basic Strategy is based on the fact that almost 25% of NFL games are decided by either 3 or 7 points and around 38% of all NFL games are decided by 3 to 7 points. There are no other margins of victory close to these figures. Therefore simple logic tells us teasers that fully cross the 3 and the 7 at the best possible odds are the highest value of all teasers. This is called Basic Strategy or in some circles Wong Teasers.

To put this into a betting system, basic strategy is to tease underdogs +1.5 to +2.5 and favorites -7.5 to -8.5 in 6-point teasers. Basic strategy also states the best odds possible are required. As illustrated in the first section of this article 3-team 6-point teasers at +180 have better odds per team than 2-team 6-point teasers at -110. Therefore if on a given week there are 3 point spreads matching basic strategy criteria, 3-team teasers are a far better option than 2-team teasers.

Some Points about Basic Strategy

Place A Bet On Football

  1. Basic Strategy Teasers are very often +EV, but this is not always the case. The logic behind them only shows they are the best blind subset to wager on, nowhere does that logic quantify their profitability.
  2. It is important to check multiple online sportsbooks to confirm point spread you’re about to tease truly are +1.5 to +2.5 or -7.5 to -8.5. If your sportsbook list the line as -7.5, but one, two, or several others have the same team at -7, this should not be considered a basic strategy teaser.
  3. Basic Strategy refers only to NFL football. Despite belief to the contrary, there are in fact profitable college football teasers. To find these you need to understand advanced teaser strategy covered later in this article.

Best Betting Sites for Teasers

Prior to getting into advanced teaser strategy it is important to understand, punters who are beating teasers are doing so using lots of simple math and value shopping multiple online sportsbooks. A mistake novice bettors often make is to focus only on best teaser odds, meaning they want 3-team +180 not 3-team +170. However, what if there is 3 point spreads all +1.5 at every sportsbook (in other words the consensus line is +1.5 for each), yet one sportsbook that offered only +170 had these all priced at +3 -135? In case you’re not aware, the price such as -110 in +1.5 and -130 in +3 makes no difference to teaser payouts. Each site has “fixed odds” for teaser, so teasing +1.5 -110 to +7.5 or teasing +3 -130 to +9 results in the same payout. Generally speaking it’s important to get +180 on 3-team 6-point teasers however it is not the end all. If you understand advanced teaser strategy all things need to be considered to determine which option is best.

More to this point: 5Dimes.eu is well known for offering the best teaser odds overall, however they shade their lines in such as way it cost more to cross the 3 and the 7. Examples of how they accomplish this: say a team should be a -8.5 point favorite, 5Dimes might list them as -10.5 +130, or if a team is a +2.5 underdog 5Dimes might list them at +1 -125. On the point spread their expectation is the same; 5Dimes does this only to make it tougher to beat teasers. So although 5Dimes offers the best teaser odds, the value is often less than expected.

Best Type Of Bet For Football

Again I must emphasize it is very important to use as many betting sites, bookies and sports books as possible when betting teasers. However, the site I find has the largest value the most often is www.bovada.lv. These guys offer 3-team 6-point teasers at +180, which is somewhat scarce these days. For example Intertops offers these at +170, Bookmaker at +160 and BetOnline at +150. Additionally, Bovada rarely shades their lines on -7.5 to -8.5 favorites, and often shades the lines on +1.5 to +2.5 underdogs to +3. So the one place they do shade the lines benefits teaser bettors. So while using multiple betting sites is important, opening an account at www.bovada.lv is an also near must for any serious teaser bettor.

Even websites with poor teaser odds often have +EV teasers. For example BetOnline.ag offers teaser odds so poor it’s almost a crime they’re allowed to do so. However, they also offer 2-team 7.5 point teasers at -140 which is an option not many sites offer. On rare occasions when there are two strong 10 point NFL favorites on the same week, this teaser option often has positive expected value. Another site Bookmaker.eu isn’t very competitive on most teaser options; however, they offer 4-team 6-point teasers at +300. This is quite impressive compared to BetOnline +250, Pinnacle +260, Carib +260 and Sportbet +280 on the same. The point I’m attempting to drill home in this section: understanding the intricacies of several online betting sites and then shopping point spreads in depth is a major key to profitable teaser betting.

Best Type Of Bet For Football Players

Author & Professional: Jim Griffin
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