Betting on football is fun and profitable if you know how to do it. The NFL season is always high profile when it comes to betting, but it gets to another level in the NFL playoffs.
The reason for the NFL being this juggernaut in betting is simple. The number of betting markets that are available is beyond one’s imagination.
The number of bets you can do in an NFL game, let alone the season, attracts bettors like bees to honey.
To add fuel to the fire, the fact that you can bet on all these markets from the comfort of your home with legal online sportsbooks makes it even better.
Betting action and limits increase for the NFL Playoffs and Super Bowl. This makes the bets much more exciting for the players.
Let’s take a look at some bets you could place as you get to NFL Playoffs:
On moneyline bets, it will look something like this:
In this case, you are betting on the outright winner of the game. These odds mean that a $240 bet for the Bills will win you $100.
A $100 play on the Ravens will get you $220 in profit, if Baltimore wins.
Point spread bets say the team you bet has to win by a certain margin the sportsbook sets. It looks like this:
As you can see, the favored team here is Green Bay. The sportsbooks expect the Packers to win by a touchdown. As for Washington, they are the underdogs, and need to win or lose by less than seven points to win the bet.
Both pay $100 for every $110 wagered, which is a standard in most point spreads.
When betting on over/under bets, you don’t care about who wins, but how many points the teams combine for. Let’s see this example:
In this case, you need to select whether both teams combine to go over or under the 42-point mark. The same as in the spread, the payout usually is at a standard -110.
A future bet is a wager that will be determined at a later date, so you put it days, weeks, or months in advance. For example:
Here, you place a bet on the team you think will win the AFC. Bet it now, and wait until the AFC Championship game to see if you win the bet.
There’s also another way to bet on the NFL Playoffs. This is the NFL Playoff Bracket. Every year since the 2020 season, seven teams per conference reach the postseason.
By creating a bracket, you can bet and keep track of which team has the best path to get to the Super Bowl. Here’s how you do a bracket:
You should be able to find tons of online NFL playoffs bracket contests. The first step is choosing one you like, and that has a high reward at the end.
Do your homework on the teams, coaches, form, health, and possible matchups. After doing this, fill your brackets out.
Take a look at each seed and predict which team has an easier path to advance to the Big Game.
Once you get your research done with the NFL Playoff football teams, it’s time to look at the odds of each game. Also, look at the future odds.
Betting sites have competitive odds on how far a team will go. The divisional playoff games, conference championship finals, and who goes to the Super Bowl are available. Find the best ones, and make your picks.
It’s up to you to decide if you want to make your own bracket or create multiple versions.
It will never be easy, as the playoff teams are close in competitiveness. It still gives you a better chance than other bracket contests like the NCAA March Madness one.
If you’re playing with your friends or something, you can make up your own rules. However, if you’re playing online, these are the most common rules on bracket scoring:
During the Playoffs, public bettors make the lines move a lot. This means if you are sharp, you can exploit those lines. To do so, you need to know which bet type adapts the best to your situation.
Depending on what the game is, you can be better off laying a moneyline bet, or a point spread, or trusting a total bet.
Let’s view it from a more in-depth perspective:
A moneyline bet is won when the team you placed the bet on wins the game outright. It doesn’t matter by how much; it doesn’t matter how they get it done. If they are able to win, you get the payout.
The odds are usually portrayed as a three-digit number. The favorite will have a minus (-) sign in front. The underdog, inversely, will have a plus (+) sign in front.
The negative number implies the amount of money needed to win $100 in a bet. Meanwhile, the positive number shows you the profit you will get based on a $100 bet.
This is the example we used at the beginning of the article. The -240 odds mean you need to bet $240 to win $100. Baltimore is the underdog in this case, so a $100 bet gets you a profit of $220.
The sportsbooks use the point spreads as a form of leveling the playing field between two mismatched teams.
What they do is simple. They handicap the favored team and “force” them to cover the point differential in order to win the bet. The underdog then has even a larger margin to win the bet, as they could win the game or lose by a given margin of points.
The oddsmakers think the Packers are a better team than Washington. Therefore, they expect them to beat them by six points.
This means, for you to win the bet, you need the Packers to win by seven points or more. Washington has the chance to win the game, or lose by five points or fewer and get the payout.
In this case, since there is no half-point in place, if the Packers win by six, the bet is labeled a push. This means the bettors get the amount wagered reimbursed.
This is a bet where who gets on top doesn’t matter. For every NFL game, the oddsmakers will set a point total, which means the number of added points between BOTH teams.
For instance, a total odds will display like this:
The bookmakers have the Patriots and Chiefs combining for 42 points. You choose if you trust their offenses to go over that mark or have faith in the defensive side of both teams to go under the 42 points.
If you bet on American sports, chances are you have tested yourself in a bracket challenge. Whether it is the highly popular March Madness bracket, or an NBA Playoffs bracket, you enter them as it is a fun new way to play.
Also, since there are hundreds of people playing, you can get huge cash prizes.
So, if you do it on basketball, why wouldn’t you do it in the NFL? It’s even better. Instead of going through 64 teams like in March Madness, or waiting for a 7-game series to end, the NFL gives you a do-or-die, 14-team bracket to play. What are you waiting for?