The odds offer a much larger payout, but each leg (a game in a parlay) needs to win. A parlay refers to two or more bets combined into a single wager. Picks and Parlays: What is a Parlay Bet?Ī parlay bet is one of the more complicated bet types available but also the most exciting. The odds on over/under bets can vary depending on how the public is betting, but they are typically around -110 for both options. If not, then those that bet the under would win. If both teams combine to score more than 65 points, your bet will win. Bettors can wager that the total will be over or under that amount, which includes the points from both teams.įor example, let's say the Chargers and Dolphins total is 65.5, and you bet the over. Bookmakers set a total for each game, reflecting the final point total. Total BetsĪlso known as the “over/under,” the total refers to how many points will be scored in a single game. While they can vary, odds are usually between +100 and -120 for NFL spread bets. If you were to wager on the Cowboys -7.5, you would need them to win by at least eight. If the Cardinals win or lose by less than eight points, your bet will win. This type of bet is trendy among NFL bettors, as it allows them to bet on any of the league’s 32 teams with solid odds each week.Īn example of a point spread bet would be if you bet on the Arizona Cardinals +7.5 against the Cowboys. Bettors will wager if the underdog wins or loses by less than the point spread or if the favorite's margin of victory will be greater. The “point spread” is a number set by bookmakers to add a handicap to games. Conversely, underdogs usually have favorable odds and can significantly boost your parlay payout.

Heavy favorites will offer little value, which doesn’t add much to a parlay bet. Just be sure to remember that these bets include overtime and not just the end of regulation. If the Packers win the game, you will win $100. No need to worry about point totals or margin of victory, which makes this a fun and easy way to get in on the action.Īn example of a moneyline bet would be if you wagered $150 on the Green Bay Packers -150 to beat the Chicago Bears. As long as your team wins, your bet will win. When you bet on the moneyline, you pick which team will win the game outright. When making NFL picks parlays, it is crucial to understand each before placing your first wager. Bettors typically use one of the three major bet types: moneyline, spread, and totals. Betting on the NFL is relatively straightforward when compared to other sports.

Nfl moneyline parlay