NFL Draft Diamonds

NFL Draft, NFL Trade Rumors, Scouting Reports & More

Tips and Tricks on Smart NFL Betting

How much Money does Your NFL team have to SPEND in Free AGENCY?
Tips and Tricks on Smart NFL Betting

Betting on pro football is simultaneously simple or complex. With many teams and players, there’s a wealth of sports wagering opportunities. While Canadian betting sites offer players all sorts of wagering options, it’s essential to have a complete understanding of NFL betting to become a long-term winner. So, this text provides all the key information to bet like a pro.

Understand the Odds

When researching online sportsbooks, you’ll notice three types of betting odds: Fractional, Decimal, and American. Let’s learn how to read each of these sports betting odds types.

  • Decimal Odds: Simply take the odds and multiply them by the sum you want to bet. For example, the Cowboys’ odds of beating the Rams is 2.53. If you made a C$10 bet, expect a payout of C$25.30. This total comprises the initial C$10 plus a profit of C$15.30. Note: you’re calculating the total payout, not just the profit.
  • Fractional Odds: Expressing odds like this will make you wish you’d paid more attention in maths class at school. The odds are stated like a fraction. The first number is the potential profit, and the second is your stake. When the odds are shown as 2/1, you win C$2 for every C$1 you wager. To put it another way, if the odds are 4/9, you must bet C$9 to win C$4.
  • American Odds: These odds are based on the favourite to win. A negative number represents the favourite and shows how much you’ll need to bet for a C$100 profit. A positive number represents the underdog and shows the amount you’d win for every C$100 you bet. For instance, the Jets are +250, against the Bills at -110. You place C$110 on the favourites. Should the Bills win, you pocket C$210 – the original stake of C$110, plus a C$100 profit.

Benefit from Bonuses and Promotions

Many Canadian online sports betting services constantly chase new players and seasoned bettors. Thus, it’s no surprise to find them offering an abundance of different types of enticing bonuses and promotions:

  • Welcome Bonus: New online players are rewarded with a bonus of additional funds for signing up and placing a minimum deposit. 
  • Deposit Match Bonus: The online bookie matches your deposit with typically 20% – 100% bonus, with the top percentage doubling your bankroll instantly.
  • Risk-Free Bets: If your initial bet loses, you’ll have your funds returned. This isn’t in cash but in bonus bets, allowing you an extra chance.
  • Odds Boost: A useful bonus lowering the odds on particular wagers. It’s usually used in conjunction with props and moneyline bets.
  • No-Deposit Bonus: Frequently rewarded for registering, they aren’t very lucrative, but still worth taking advantage of.
  • Parlay Insurance: Should your parlay bet lose, reckon on receiving a rebate depending on the minimum cumulative odds or number of legs. 
  • Loyalty Bonus: Also called “VIP” programs, bettors receive loyalty points as they continue to visit and place bets at an online sportsbook. These may be redeemed for either a cashback reward or a site credit. Other incentives may involve free bets, invitations to NFL games, and loss refunds. 

Finally, take the time to go through the terms and conditions. You should always scrutinise the playthrough requirements, qualifying NFL bets, withdrawal limits, additional fees, processing times, and any time limits on withdrawals.

Taking Into Account the Home-Field Advantage

The US is a very large country spanning 6 time zones. This can be tough for travelling NFL football teams, especially those moving from east to west, as they struggle to overcome shorter hours. That’s one of the major reasons why the home-team advantage matters. Not only do players have the psychological backing of their supporters and the home stadium’s familiarity. But they’ll be rested and ready to play. If you’re a sports bettor looking for value with NFL bets, always consider when and where the teams played recently.

Monitoring News

Performing a deep dive analysis is only going to get you so far. Because wagering on sports isn’t quantitative, there are many other factors to consider. Keeping up with breaking news around the league, as well as the personal lives of the athletes, could aid bettors in making more informed decisions. Don’t just stick to mainstream media, but maintain a finger on the pulse of social media. You’d be surprised how often players or their friends and relatives inadvertently let slip all sorts of useful information.

Checking Injury Reports

As sportsbooks set the betting lines, you may rest assured they monitor any injury reports with eagle eyes. However, if you are able to guess who’ll be sitting out the game on the sidelines, there’s a good chance to get ahead of the sports betting markets. Remember that some injured players will affect the spread more than others, with quarterbacks ranking highest in terms of being the most critical players on the field. Another suggestion is to review the social media of players who’ve recently missed practice. 

Doing Your Own Research

Finding out all you can about a certain game, NFL team or player starts with the mainstream media. Whether watching pundits on TV or reading trends and analysis on the Internet, it’ll help you stay updated and focused. Make time to examine the regular stats, including winning streaks, injuries, suspensions, and home/away game performance. Numerous sportsbooks offer even deeper analytical stats such as ball possession, tackles, interceptions, defensive points, player yards per game, and scoring histories. All this knowledge assists in setting your betting odds. These should be compared with the sportsbooks’ ones to discover any value in the difference.

Picking the Right Sportsbook

With a huge number of online sportsbook services covering American football, choosing the best is a taxing task. To ease this workload, we’ve compiled a list of important attributes to check:

  • Reputation: Spend time poring over as many previous customer reviews as possible to weed out any bias. Also, do a Google search for the latest news about the website.
  • Licencing and Security: Look for cutting-edge SSL encryption and make sure the site’s address bar has a padlock symbol before the text. In addition, ensure there’s a valid licence from a reputable gaming authority. 
  • Payment Options: Canadian sports bettors should count on many banking methods, such as credit and debit cards, e-wallets and maybe even cryptocurrencies. Make note of processing times, ease of use and any added fees.
  • Customer Support: At a minimum, look for 24/7 live chat support. Other contact methods include email, phone and a detailed FAQ website section. 
  • NFL Betting Odds: Examine how competitive the site’s odds are, as this will give you a better idea of the quality of your wagers.
  • Live Betting: The online sports betting site should offer live bets, allowing bettors to wager on totals, spreads, moneyline, and other wagering options whilst the ball is in play.

Final Thoughts

In the dynamic world of NFL betting, the ultimate goal is not just to predict the Super Bowl champion, but rather to emerge victorious in your wagers. Throughout this exploration of NFL betting tips, we’ve delved into various strategies and insights to enhance your chances of success. However, one invaluable tool remains at your disposal, and that is the power of collaboration.

Engaging in discussions with a friend who shares your passion for NFL betting or participating in online betting forums can be a game-changer. Discussion platforms serve as valuable sources of input and feedback, offering diverse viewpoints that broaden your horizons when it comes to making informed bets. When you share your thoughts and predictions with a fellow enthusiast or seek advice from a community of experienced bettors, you expose yourself to a wealth of knowledge and perspectives. 

Such interactions usually help to identify factors you might have overlooked or provide you with fresh insights into upcoming games.

Remember, NFL betting is not a solitary endeavor; it thrives on the exchange of ideas and strategies. So, as you embark on your betting journey, don’t hesitate to tap into the collective wisdom of your peers and online communities.

Loading

Leave a Reply