Regular season of the NFL has begun, which means that the football betting wagon is up and running again.

NFL betting makes the games much more exciting and rewarding. No wonder everybody’s doing it. Every Sunday is something to look forward to, but watching the matches just aren’t the same without the thrill of winning with the team.

So whether you’re an NFL betting novice or regular coming back to the field in need of a refresher, a quick review should get you started. This NFL betting guide covers what you need to know before betting on the action-packed world of American football.

How NFL Betting Works

Betting on an NFL matchup is practically easy like regular sports betting. You log on to your sportsbook and browse through the available lines for the week. If you’re starting from scratch and still don’t have a sportsbook account, you can visit a trusted sports betting site to set up your own. Once you get to the NFL betting page, you’ll find that there are numerous options or odds to choose from for you to cast your bet according to your preference.

Betting Format/Odds

Moneyline Betting

Fit for starters, the easiest way to bet on the NFL is through a moneyline. It’s as simple as picking a team that you think will win the game. When your chosen team wins, you get the assigned prize money set by the sportsbook for the winning team. Easy to understand, but hard to perfect. Moneyline bets tend to give different payouts depending on who competes, so expect that you’ll get lesser winnings when betting on a favorite.

Point Spread Betting

Sports betting wouldn’t be as popular (and rich) today if it weren’t for this. Every NFL betting guide mentions point spreads here and there, and if it still causes confusion, allow me to put it simple.

Point spreads refer to the figures assigned by sportsbooks to the teams as a way to level the playing field. To win the bet - the favorites, indicated by a negative (-) sign must win by the given number of points while the underdog, indicated by a positive (+) sign, must win or not lose by a certain point. This gives equal chances for bettors to see potential on either side.

Totals (Over/Under)

Betting on totals lets you shift your focus on the scores rather than the teams. In this form of betting, you only have to pay attention to how many points are likely to be scored after the match. Will the final score be more or less than the predicted result? That’s the question.

Parlays

A parlay bet is the most common form of entering a multi-game wager. This simply means that you’ll be betting on multiple events within a single betslip. This is popular among casual bettors who already mastered how moneylines and point spreads work. Yes, a parlay bet may include varying betting lines from one or more games in a week. To get your prize, all bets you have placed in the parlay must win. It’s a mix-and-match that’s risky but gives massive amount of ROI when done perfectly.

Using Bitcoin to Bet on the NFL

Bitcoin sports betting is a growing preference among beginner and seasoned bettors alike. Wonder why it quickly became a thing these days? Using Bitcoin to bet on a global sports event like the NFL is preferred by many online bettors mainly because of the crypto hype - bettors can go anonymous, cheaper fees mean better earnings and the high value, albeit volatility, is a potential investment. With NFL hype going, exploring Bitcoin betting on football might be the easier route to take.