The New England Patriots are the Super Bowl betting favorites to win Super Bowl LI on Sunday. That’s a statement that fans betting on Super Bowls have probably been saying every year for the past decade and a half, but which has not always come to fruition. For instance, the Pats failed to win back-to-back titles for the second time in franchise history last year when they lost the AFC championship game to eventual Super Bowl winners the Denver Broncos.
NFL Football Gambling
The football betting pointspread is the way that the sportsbook tries to even out the betting action towards both sides. As an example, in the February 2008 Super Bowl, the NFL betting pointspread was New England -12.5 points.
Since New England was undefeated the football betting public was naturally gravitating their way so the pointspread was made rather large to entice an even amount of football bets the Giants way. New England would have had to have won the game by 13 or more points to cover the football betting spread.
The Giants won 17-14 to 'cover' the spread. Even if the Giants lost, they would have had to have lost by 13 points or MORE to lose the wager. For those who like to choose sides but don't like pointspread football bets there is the alternative of the money line.
Money line football betting is where you chose the straight up winner by laying or taking odds rather than points. Another highly popular form of football betting would be 'totals' also known as 'over/unders'.
In that aforementioned Super Bowl, the total posted on the board was 54.5, which meant that the combined score would have to exceed that number to go 'over'. The Giants 17-14 win combined for a total of 31, which went 'under' the total.
Types Of NFL Football Bets
A form of football betting that is exploding in popularity is 'halves'. This is where you can wager on the first or the second half of a game. Many gamblers love half time wagering as they can often get a bargain on the team that they originally wanted in comparison to the regular full game line.
'Futures' football betting is where you can wager on a team's odds to win the Super Bowl, their conference or even their division. You can also wager on the over/under for their total amount of wins for a season!
Proposition football gambling, known as 'props' is highly popular for the Super Bowl but other big games as well. You can wager on a player's total yards, scores, sacks, and countless other items.
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