Popular NFL Sports Betting Markets
NFL sports betting in Canada is extremely popular, and all top-rated sports betting sites will offer a huge range of markets on every single game to cater for beginners and seasoned punters. It is not uncommon for a major NFL game to have as many as 40 markets for the event. These can range from simple money lines, to the more intricate prop markets based on individual statistics in the game.
If you are just starting out with American Football betting, take a look at the most popular NFL markets.
Money Line Bet
Of all the NFL markets, the money line bet is the most popular. This is mainly because it is the easiest to place and the easiest to understand. With a money line bet, you are simply predicting which team will win the game, regardless of the score. The odds posted by the bookmaker reflect the team’s chances of winning with the favourite having the lowest odds. There are two choices here, which is usually why the odds are close.
With sports betting in Canada, totals is a popular market with most sports. This includes Ice Hockey, American Football, Baseball, Basketball and Rugby. Another name for it is over/under. With totals betting, the bookmaker posts a total score, which is the predicted combined score of both teams in the game at the end of regular time.
For example, if there was an upcoming match between the Dallas Cowboys and Minnesota Vikings, the bookmaker could post a total of 51 points. The idea is to then predict whether the actual combined score will be above 51 or below 51. It doesn’t matter how low or high the score is, as long as you are on the correct side of the prediction, the bet is a winner.
The point spread is one of the most popular online NFL sports betting markets. The point spread is used when two teams are unevenly matched. This usually happens in the during the pre and regular season when a really strong team is playing at home when a weaker team comes to visit. Instead of having insanely low odds on the favourite, the bookmakers will institute a point spread where the underdogs are given a virtual point advantage.
For example, a team could be given a point spread of 7.5 points which means that the favourites will have to win by 8 points or more for the wager to be successful. Similarly, if you are backing the underdog, as long as they don’t lose by more than 8 points, the bet is a winner.
Outright NFL Markets
With online sports betting, outright markets are offered on NFL and other sports at the start of the season or when there is a major tournament. In this case you are putting money on the outcome of the entire season and not an individual game. The most popular option in this category is the outright winner or the season winner. This bet can be placed weeks or months in advance or even at the start of the season. Essentially, you are backing the team that will win the Super Bowl and be crowned champions for the current season being played.
There are plenty of other outright NFL markets worth putting money on, including the AFC winner and the NFC winner. It is also possible to place a wager on which teams will compete in the post-season playoffs and which player will pick up the MVP award.
If you’re interested in NFL sports betting in Canada you can begin with any of the above options, and as you become more experienced, you can try out the myriad of other wagers that are readily available online.