Risky Business – How To Make Your First NFL Playoff Bet

how to place first nfl betThe NFL Playoffs are about to begin. You believe in your team, for or against the odds. No matter what the over/under is, a smart man knows how to hedge his bets–whether it’s with friends or with Vegas.

I’m not a gambling man. In fact, I can’t remember gambling since I bet on myself in middle school playing Kris H. one-on-one. But the last two times the NY Giants beat the NE Patriots my soul was filled with regret at how much cold, hard, cash I could have earned making a relatively low bet because the odds were stacked so high against the Giants.

Although I haven’t picked for or against any teams for this upcoming NFL Playoffs, I figured I might as well learn how to partake in some risky business just in case I want to place my first NFL bet. Here’s the insider short version on what I learned:

Wagering on an NFL Playoff Game

Betting on an NFL playoff game is pretty simple although there are a few terms you should be familiar with. First, there are different types of bets.

Point Spread

The first is called the point spread which is where you bet on the point spread just like the title suggests. This is also known as a side or straight bet.

Generally, you will lay 110 odds to win $100 or $11 to win $10. This is pretty low risk and popular.

Moneyline

The next kind of bet is called the moneyline, which has nothing to do with the point spread but instead you put more money on the favorite to win or you put a little bit on the underdog to win which will result in a larger payout. With this type of bet you are playing the odds rather than on the spread of points.

Over / Under

You can also participate in what is called over/under which has nothing to do with point spreads or playing the odds like in a moneyline. This bet is placed based on the total points scored in the game by both teams in which you can pick over or under the posted total and the odds are 11/10.

Sportsbooks

There are many places online where you can place a bet these are called sportsbooks-this one is a good example: https://www.bwin.fr/liveBets.aspx.

There are a ton of these online, which is good for you as it creates competition which forces the sites to offer promotions to get your business. Basically you are going to look at which site is offering you better odds and promotions such as sign on bonuses, or better odds on specific days of the week.

Some will offer super low minimum bets which is nice for a person who is just starting out or just wants to place bets for fun. Some sites are better for specific types of bets and some might be dedicated to just college football games. There are a ton of options out there for you to dig into if you are looking to spice up the playoffs this year.

About Todd Mayfield

He's a lover, not a fighter. But he's also a fighter, so don't get any ideas.

He works for a series of private schools to advance innovative education to combat ballooning classroom sizes and challenge the status quo of the current public and private education format.

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