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Betbit features NFL Football Bitcoin Wagers

NFL Football is one of the most popular sports in the world for spectators. The Superbowl remains on the most watched events every year, with viewers on every continent, and it is easy to see why. Drama, excitement and at times exceptional athletic performance are why so many love the game.

But it’s also a great sport to bet on. Any betting strategy is built upon odds, the probability of something happening, and arguably no other activity on earth has as much data analysis as NFL football. Every commentary on it, every analysis is drowned in data about teams, individuals and strategies in the game. What’s more, all that data is available for any of us to use for ourselves. That makes NFL football one of the most gambler friendly sports in existence.

That has made it the sport of choice for US gamblers, and today bets are placed on NFL football games all over the world. So, it’s a great opportunity to make money and a great game to watch, so the question is, where do you start with NFL betting?

The right way to bet NFL

For those new to the game, or simply new to betting on NFL football, it can be a challenge to find your way through the various options and strategies available, simply because there are so many of them. Here are the most commonly used bets, how they work and why you should be using them.

Moneylines

The simplest way to get involved with NFL betting is Moneyline betting, as it’s a simple bet on who will win the game. Each team in a match is shown with a positive or negative number next to it.

For instance, if the number was -150, here, negative means that team is the favorite for the match, and 150 means you need to bet 150mBTC to win 100mBTC. For the underdog, the number will be a positive, so a +150 for example. This means that if you bet 100mBTC, you receive 150mBTC.

The simplicity is why it is a great place to start, and with the amount of analysis on offer, you can quickly find that identifying the likely winner is a very quick process. This can be a profitable approach by carefully choosing underdogs to back when the odds are in your favor, making for a fast, easy to use a system that is a great way to start to NFL wagering.

Spread Betting

Spread betting is one of the most common ways gamblers place wagers on NFL games and uses the fact that it is generally a high scoring sport to provide a bet that allows you to have successful bets regardless of who actually wins the game itself.

The idea behind the spread bet is that your bet is that a team with beat another by a certain amount of points. As before, positive means the underdog, negative means the favorite. If a team is favored, they may see a number such as -9 next to their name, this means to win the bet, that team would have to beat the opposition by more than 9 points. Likewise, the opposition team would be +9 in this example, and to win the bet, they would simply have to finish within 9 points of the opposition, even if they lose the match itself. This is known as covering the spread, and as you can see, provides a more flexible approach to wagering than the more basic Moneylines.

You will also see a brackets number for this type of bet, something like (-110), and this simply means that betting 110mBTC will generate a 100mBTC profit following a win.

Game period bets

Most bets are on the outcome of a game, but with NFL you can also place bets on different periods within the game. These are spread bets as before, but these are placed for the first quarter or first half. There is also an option to bet at halftime on the second half point spread too, and all of these work in the same way, however, they offer a different opportunity.

Spreads tend to be tighter than the whole game for the first quarter and the half, while the second half bet gives a chance for a profit if a game is going unexpectedly, it is even possible to use this as a hedging strategy for bets made on the final outcome.

Total bet or Over/Under

The other common approach is the totals or over/under wager. Again, this is a simple bet that offers a great opportunity for profit. Here, the bet is whether the total points scored in a game, that is both sides points added together, will be over or under a specific number.

This one sounds like it’s a guess, but performance data can help you gain great insight into average scores for a given team, and with an indoor/outdoor venue and other factors making a difference on points won, this is a bet that can be analyzed completely, giving an edge for the gambler.

Conclusion

NFL Football is a great platform for calculated wagers, and there is plenty of room for profit. The technical nature of the game and the sheer amount of performance information available, combined with the bets on offer, meaning that with some research and effort, the potential for profit is high, while remaining a simple sport to begin wagering on.