Everything You Need to Know About Betting on NFL

The National Football League (NFL) is one of the most popular sports leagues around the world. Currently, it's the offseason, which means fans are patiently waiting for the NFL action to resume in September 2022. Until then, there's plenty of time to prepare for what's to come, from trading to drafts.

When the 2022 NFL season does start, you can expect betting to be even more common than it was the year before. That's right: NFL fans love to bet on games. According to CNBC, an estimated 45.2 million Americans planned to wager on NFL games in the 2021-22 season, which was a 36% increase from the year before!

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If you're an NFL fan – or sports fan more broadly – you won't want to miss out on one of the hottest trends in the sporting industry. So, let's run through everything you need to know about betting on the NFL.

You Need to Use a Sportsbook

Once you've decided that you want to start placing bets on NFL games, you'll need to use a sportsbook – but what exactly is a Sportsbook?

A sportsbook is an online platform that allows you to take part in NFL betting. In addition to this, most sportsbooks enable people to bet on a variety of other sports, too. This usually includes basketball, soccer, golf, and tennis.

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Joining a sportsbook is super easy. All you need to do is register with an email (or phone number), choose your username, and then select your preferred banking method. For example, many NFL fans use their credit or debit cards to deposit betting funds before each game. However, some sportsbooks allow a variety of other deposit methods, such as PayPal, which is becoming increasingly popular in the US.

There are Three Main Types of Bets

When it comes to NFL betting, there are three main types of bets that you can go with. As a beginner, it's important that you know them! The three types of bets are:

• Moneyline
• Total Points
• Handicap

In the world of sports betting, a moneyline bet is the simplest wager you can place. It's a bet on which team you think will win.

For example, the Packers vs. Patriots game is scheduled for October 2 next season. Prior to this game, you might have a strong feeling that the Patriots are going to come out on top and win comfortably. If this is the case, you can play a moneyline bet on the Patriots to win (e.g., $1 at 1/5 odds, which would return you $6).

Make sense? Great. Let's move on to the next tip.

Betting Odds Are Always Positive for Underdog Teams

When looking at the odds available online, you'll start to notice that they are always positive for underdog teams. This is because underdog teams are less likely to win, which is why sportsbooks and betting companies are willing to reward people with higher pay-outs for taking the risk and betting on them.

Next season, teams like the Houston Texans (who are generally expected to lose) will have the most favorable betting odds.

Play With a Budget

NFL betting is incredibly exciting. However, it's important that you remain responsible while gambling to ensure that you don't get carried away with the action and make poor decisions.

Prior to every game that you watch or attend, you need to set yourself some funds to gamble with. Whether it's $10 or $15 for the weekend, go with an amount that you're comfortable with and stick to your budget throughout.