American football is also called football in Canada, and the US is one of the most popular sports in the world. The National Football League (NFL) is the experienced version of this sport. It has eight divisions with 32 teams each. In a standard season, each team plays 16 games. If you know how to place bets on football, you’ll be able to make the right choices when you bet. This article will try to explain how OKBet betting on American football works.
American football betting odds
Before betting on American football, you must know how the odds work. It would be silly and stupid to bet on American football without knowing the main types of odds and how to read and understand the different formats that go with them.
Moneyline, fractional, and decimal odds are the three most common ways to show odds for betting on American football. When it comes to payouts, these odds make no difference. One of these odds can show how likely something will happen.
Moneyline odds
It is easy to bet on the money lines for an American football game. To win, all you have to do is pick a team or player. If you like the winning side, you’ll get the money you owe. There is no point spread for the Moneyline. Even though it’s easy to place a bet, it can be hard to figure out how it pays. Each side of a Moneyline bet is out at a different time.
On a Moneyline bet, the favorite player or team is the one that is most likely to win. A minus sign (-) is often use to show that side of the bet. The underdog is the player or team expecting to lose on the Moneyline. The Moneyline side with a plus sign (+). The characters tell you how much each side of a money line bet will pay out. The plus side pays more than the original Moneyline bet, while the minus side pays less than the original bet. When the favorite gets more substantial, the odds for the underdog and the favorite get more prominent, which means the chances of winning get better.
Moneyline parlays
A parlay is a bet that contains more than one outcome. The payout for a parlay is more significant than the payout for a single bet on each game or player. People like Moneyline parlays with underdogs because they can pay out a lot, and it’s easy to win with more than one favorite.
Fractional odds
Fractional odds are written with a hyphen (-) or a slash (/). They are also called UK odds or British odds. Six-to-one (6/1) odds mean that you win £6 for every £1 you bet after getting your £1 back. It is usually the ratio of how much you won to how much you bet in the first place. It means that you’ll get your stake back, which is £1, plus your profit, which is £6. So, if you bet £10 and the odds are 6/1, you’ll get £70 back (£60 profit plus £10 bet).
Decimal odds
Decimal odds also called “European odds,” are easier to work with or understand. By seeing the numbers, you can tell who is the underdog and the favorite. Most of the time, the decimal odds number tells you how much you’ll win for every £1 you bet. The number in decimal odds is not the profit but the total return. Your stake includes a decimal number, so you don’t have to add it back. It makes it easier to figure out how much money you will get back.
Read more: How To Choose A Reputable Sports Betting Provider
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