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NFL stands for the National Football League and is a top competition of American Football that has been played since 1920. That also explains the popularity of NFL Betting. The popularity of the game has spread like wildfire and many countries around the world, including Canada, have jumped the bandwagon and established their associations, professional teams and governing bodies.
The NFL has a huge fan base in Canada, despite having a counterpart in Canadian Football League (CFL), and many die-hard fans are there not only for the thrill and excitement of the game but also for the endless opportunities NFL betting holds.
Canada has been home to many interleague games since the 1950s, and there has always been the talk of establishing an NFL team in Toronto — the third largest city in both USA and Canada and the only city that big without an NFL franchise. However, the management of the NFL does not want to undermine CFL and acknowledges Toronto Argonauts as the reigning champions of Toronto. In addition, Toronto is one of three cities outside the USA that has hosted regular season NFL games and, in all probability, will continue to do so.
With all this being said, it is no wonder punters all around Canada are captivated by the magnitude and diversity of bets they can place on NFL games, which have positioned NFL betting as one of the top choices when it comes to sports betting.
In this article, we will provide you with all the necessary info needed to master NFL betting and give you insights into the intricate world of sports betting in general. Right from the start, take a look at the outline of the best betting sites for Canadians, followed by details about signing up at a betting site, types of bets you can place in NFL betting and many more. Stay tuned and lift your NFL betting game to another level!
Placing a bet on NFL betting sites has never been easier. Since you have already read our previous paragraph and chosen one of the Canada-oriented sites, you need to follow these simple steps before placing your bets.
Before you go straight to NFL betting, you must provide the betting site with all the necessary information and open an account. You can rest assured your data is confidential since all the above mentioned sites are licensed and reputable, which means there are strict rules as to how your sensitive information is handled and protected.
Funding the Account
Now that you have opened the account, you need to fund it. There are various depositing methods covered in the majority of NFL betting sites. These methods usually involve bank transfers, credit cards, e-Wallets, and many more, which makes controlling your funds a walk in the park. Make sure you follow the instructions from the site, and you will be good to go and place your bets on NFL.
Placing Your NFL Bet
Having completed all the previous steps, you will be able to place your NFL bets. To find all the NFL betting options, browse the site which usually places ‘Football’ in the drop-down menu, alongside other sports. From there, you can select ‘NFL’ and all NFL betting options we will present in the subsequent paragraph. Read on!
The Most Common NFL Bets
The following are the most common NFL bets featured on the majority of NFL betting sites and which players usually opt for.
Point Spread is one of the most common bets you can use for NFL betting. Since many of the NFL games are mismatched, bookmakers use a point spread to establish the betting balance between the favourites and underdogs. In other words, if there were only wagers on winners and losers, the wagers wouldn’t be so diverse, and the possible wins wouldn’t be significant since all would bet on a favourite.
Point spread represents a number of points that shows the discrepancy between the two teams. Let’s take a SuperBowl game between New England Patriots and Pittsburgh Steelers for example. If the Patriots are the favourites, the point spread is let’s say -5.5, which means the Patriots need to win with the difference of 6 points or more for the wager to be successful. For the Steelers, that point spread can be +5.5, which means they need to either lose with 5 or fewer points or win for the wager to yield the wanted results.
Thanks to its simplicity and the range of options, point spread remains one of the most popular NFL betting options.
Moneyline bet is a single bet where you wager on which team will win the game. However, the main difference is the money you want to gain by placing this kind of bet. First, games are listed differently for moneyline bets than for point spreads. If we take the same Patriots vs Steelers game and set the Patriots as the favourites at -150, it means you need to wager $150 to win $100. On the other hand, as the underdogs, the odds for the Steelers can be placed at +250, which means that for every $100 wagered, you could win $250. These examples reflect $100 wagers, but, of course, you can wager more or less than that and get the corresponding pro rata possible wins.
The over/under type of bets is a wager that focuses on the number of points scored by both teams. Again, if we focus on the game mentioned above and take the margin at 35.5 points, you can bet on whether more or fewer points will be scored in the game. The possible amount of money you stand to win depends on the odds set by the NFL betting site. For example, if the odds are -105, you would need to risk $105 to win a $100.