Football Spread Betting

Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand. The point spread. The Point Spread: Betting the spread For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers. Sports books set a predetermined margin of points on a game and a team must win – or not lose – by that set number. Betting Odds explained: How are football odds calculated Understanding betting odds is the most crucial factor in sports betting. The quality of the odds you are getting is essential, and if you don't know how to calculate them on your own, you should learn.

College Football betting picks against the spread December 31

We only have three games on New Year's Eve this year and both of the scheduled night games were COVIDed. We can still make some money to close out 2020. Let's check out how!

For those of you that are new to this, I pick every college football game every week. Not a top five. Not a top ten. All of them. Big deal, right? Lots of people make picks. Well, I do them all against the spread! I take the odds of each game and average them out at all the Vegas casinos and round to the nearest half. There will be no ties here. Ties are for the other football.

I also assign a point value based on the confidence I have in each pick. 1 means that I have little to no confidence. 5 is one I would place a decent wager on. I keep track of my record and my points back from year to year.

As we all well know, this is not an exact science. Due to the volatile nature of betting in general, this is for entertainment purposes only! I cannot be responsible for the loss of money, possessions, spouses, or limbs because of my picks. I can't have that on my conscious.

Without further delay, let's get to the next couple of bowl days!

(24)Tulsa(-1.5) vs. Mississippi State at Fort Worth(2): This one makes me nervous. You can throw out most of the stats pertaining to the Bulldogs. They are a far different team than they were, say, six weeks ago. K.J. Costello is benched. Kylin Hill opted out. The defense is better. However, but the Bulldogs have really struggled against tough defenses this year. That's Tulsa. Give me the Dust Devils.

Ball State vs. (22)San Jose State(-9.5) at Tucson, AZ(2): I want to put more on this, but every time I bet against Ball State, they burn me. The Cardinals are a solid team and their passing offense is plenty good enough to keep this interesting. I think the Spartans win, but I'll say they don't cover.

West Virginia(-6.5) vs. Army at Memphis(4): I don't buy this. The Big 12(10) has had a good bowl season so far, but this is a hiccup. Army straight up. They have been getting disrespected by Vegas all year.

Stay tuned throughout the bowl season for every college football game picked against the spread! I usually have my picks up about 24 hours before kickoff in order to get the most accurate spread possible. If I change one, I will post it on Twitter.

• Where to Bet:

How to read Super Bowl 55 Odds

The Kansas City Chiefs wil meet the Tampa Bay Buccaneers in Super Bowl 55 from Raymond James Stadium in Tampa, Florida on Feb. 7, 2021.

Football Betting Spreadsheet

The Chiefs opened as -3.5 betting favorites while the Buccaneers are 3.5 underdogs.

After early wagers came in, most operators are holding Kansas City -3 (-120).

If you were to wager on Kansas City -3, you would have to lay 5/6 odds (Bet $120 to win $100) instead of your normal 10/11 juice (Bet $110 to win $100).

The return on Tampa Bay would be even-money (1/1) and a $100 wager would return $100.

The total or over-under on Super Bowl 55 is hovering between 56 and 57 points.

How to read NFL Las Vegas Odds

The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.

The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.

Ex. Favorite -10, Underdog +10

On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.

Ex. Bet $110 to win $100 (10% juice)
Ex. Bet $100 to win $90.91 (10% juice)

It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.

Football Spread Betting Explained

The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.

Another number that’s posted on the NFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.

All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.

NFL Open Line

One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the NFL or any other sport, it’s a great idea to view the open line first.

Nfl Point Spread Betting Explained

VI Consensus NFL Line

The VegasInsider.com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.

How do I bet on the Super Bowl?

We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you’re not a winner or loser until you see zeros on the clock in the final game.

Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.

Ex. Green Bay (8/1) to win the Super Bowl

Football Spread Betting

The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ÷ 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).

The American Format would see Green Bay listed at +800 and for the Decimal Format, the Packers would be 9.00.

If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.