In our last NFL Betting Tutorial for beginners, we went over simple straight bets and how to use them. Therefore, this time we will explore Other NFL Betting Options that are a bit more complex. While some people may find them complex, they are simple once you understand them.
In addition, the different sports wagers make the game more exciting and, in some cases, have bigger payoffs. Furthermore, we will go over common betting terminology to help you understand the art of betting on the NFL better.
NFL Betting Options to Choose From
NFL Parlay Bets – A Parlay is an NFL Betting favorite amongst many people. This is because it allows people to bet small while having a larger reward. A Parlay Bet is a combination of 2 or more bets which must all be won to win the bet.
Since it is more difficult to win, the payoff is much larger then making 2 or more individual bets.
Parlays usually consist of 2 to 7 teams. The odds of a parlay depend on the money line and will vary accordingly. For example, if you bet a 4-team parlay on the money line on teams for favorite teams then the payoff will be less.
In General, the odds of winning the Parlay Bets are around the following:
- 2 Team Parlay: 2.5-1
- 3 Team Parlay: 6.5-1
- 4 Team Parlay: 13-1
- 5 Team Parlay: 25-1
- 6 Team Parlay: 50-1
- 7 Team Parlay: 100-1
NFL Teaser Bets – A teaser bet means you can bet on 2 or more games by adjusting the betting odds. Most sportsbooks will allow the better to adjust the point spread up to 6-7 points. However, there are many more options when it comes to betting on a teaser. In short, a teaser allows you to increase the odds of winning your wager. However, the price of betting a teaser is that the winnings will be less.
NFL Prop Bets – A Prop bet is usually on an individual team or player’s performance. For example, betting on the coin toss or betting that a player will score 30 points before the halftime. Prop bets are especially popular during a major sporting events like the Super Bowl.