Las Vegas Casino’s are the biggest source for placing bet on football games, both in college and the NFL. When betting on football games in general, you have to realize a couple of things before you get started:
1) You have to win about 55% of your wagers to break even. There is usually about a 10% charge on your wagers called the juice or vigorish. This is most noticeable when you are betting on the point spread or over/under. If you want to win $100 on your wager, you would have to bet $110. If you only win 50% of your wagers, you are going to lose money overall.
2) You should only bet on games that you feel 65% or better that you are going to win. Don’t go off of other people’s advise! Don’t bet with the crowd! Do your own research! Look for good matchups. This includes: a good running teams against a team with a poor front 7, a good passing team against a team with a poor secondary (or an injured starter), a great defensive front against a team that can’t run, a good pass rush against a poor offensive line, etc.
3) Make sure that you have a bankroll to bet with and practice bankroll management. This means that you have at least $1000 to $2000 worth of disposable cash that you can set aside. Bankroll management means that you should not wager more than 5% of you overall bankroll on any one football game. You should also stop betting if you lose more than 15% of your overall bankroll in one day. Never chase a bad loss by betting more on the next game. Follow those simple rules and you won’t bust out as easily as a lot of people will.
How to Bet on Football Games
There are three main types of wagers that most people will place on a football game: Spread bet, Money line bet and Total bet.
The spread bet is a wager where one team is favored and one team is an underdog. The underdog will receive points at the start of the game. In order for the favorite to win the bet, they must not only win but also score more points than the line. For the underdog to win the spread bet, they can either win outright or lose by less points than the line. This bet is more or less 50/50 either way.
The money line is a simple bet on whether or not a particular team will win. This is not a simple 50/50 wager because a heavy favorite will have really poor odds that you have to bet for that team to win. For example, you may have to wager $1000 to win $100 or even worse odds than that. The underdog will not receive the exact opposite odds; in the example above, you would bet $100 to win about $800. The difference in those two numbers is called the juice.
The total bet is a wager on the total number of points scored by both teams during the game. It is an over/under bet. The total line will be set at a certain number of points and you will have to bet whether the total will go over or under that number of points.
Researching your Selections
You should always bet on teams that you are confident that they are going to win. Don’t base this upon the talking heads or experts picks. Research the games yourself.
You will want to pick teams where a favorable matchup exists. This can be a good run defense against a poor running team, a good passing offense against a poor secondary, a team that plays better outdoors against a team that usually plays in a dome, and so on. Injuries and weather also play a considerable factor. The more favorable matchups that you can find, the better.
Also, you will want to shop the spread, money line and totals at different sportsbooks. Each sportsbook will have a slightly different line. You can learn about this at www.nflbettinglines.org. Basically, if you are betting the underdog, you will want the spread to be as high as possible. If you are betting the favorite, you want the spread to be as close to 0 as possible.