The NFL season brings excitement, rivalries, and the thrill of gambling! It’s a chance to test your knowledge of the game at Hellspin Casino, add an extra layer of fun to watching the games, and maybe even win some cash. But before you dive in and place your first bet, there are some important things to understand about NFL gambling.
Is NFL gambling legal?
The legality of NFL gambling depends on where you live. It’s crucial to check your state’s laws first. In some states, NFL gambling is legal and regulated, while in others, it’s completely illegal. Always make sure you’re playing on a legal platform in your area.
Where to Gamble on the NFL
There are two main options for placing bets on the NFL:
- Sportsbooks: These are legal gambling establishments, either online or in physical locations, where you can wager on various sporting events, including the NFL. Think of them as dedicated gambling platforms with a variety of betting options.
- Daily Fantasy Sports (DFS): Here, you build a virtual team of real players and compete against others based on those players’ actual performance in real games. While not technically gambling, DFS offers a similar thrill and requires some knowledge of the players and teams.
Important Note: Regardless of whether you choose a sportsbook or a DFS platform, it’s essential to choose a reputable and licenced one. This ensures your money is safe and the games are fair.
Types of NFL Bets
There are different types of bets you can place on NFL games. Here’s a breakdown of some of the most common ones:
- Point Spread: This is a popular bet where you wager on the team you think will win by a certain number of points (or lose by fewer points). For example, if the point spread is -7 for the favoured team, they need to win by more than 7 points for your bet to win.
- Moneyline: This is a simpler bet where you choose which team will win the game outright. There are no points involved, just a straight-up pick of the winner.
- Totals: This bet focuses on the total number of points scored by both teams combined, either over or under a set number. Think of it as predicting if the game will be high-scoring or low-scoring.
- Parlays: These are bets that combine multiple individual bets into one wager. If all the bets in your parlay win, you can potentially win a bigger payout. However, the risk is also higher because all the individual bets need to be successful for the parlay to win.
There are many other types of bets available, so explore different options and find what suits your preferences and risk tolerance.
Understanding the Odds
- Negative Odds: These odds favour the favourite team to win. This means you need to wager more money to win a smaller amount. For example, odds of -110 mean you need to bet $110 to win $100.
- Positive Odds: These odds favour the underdog team. Here, you wager less money to potentially win a larger amount. For example, odds of +120 mean you could win $120 by betting only $100.
