Be Successful in NFL Betting With These 5 Tips
The NFL is one of the most popular sports associations in the world, so it’s not a mystery that it’s a popular spot for betting, too. Now that we’re in the middle of the regular NFL season, it’s not an exaggeration to say that things will heat up pretty soon, especially now that the Super Bowl is just a few months away.
That said, if you want to join in on the fun, you might want to get refreshed on some NFL betting tips you might have forgotten. With that said, you’re in luck because, in this article, we will help you be successful in NFL betting by teaching you some tips that can make you win a few hundred bucks. This season is heating up, so let’s start now.
Avoid Parlays
A 12-1 parlay looks enticing for a lot of bettors. However, it’s rarely profitable, but unless you’re rich enough to allow a significant loss, then by all means, go for it. But if you’re clamoring to grow your bankroll this season, you should always avoid betting on parlays. For example, let’s go back to that 12-1 parlay. At most, you’re giving the house an 18.75% chance if you have a close matchup with 50/50 chances of winning.
However, if you go for a regular coin flip wager at -110 odds, the house would only have a 4.75% chance of winning. Pretty significant. But as mentioned earlier, if you have a stable bankroll, going for parlays is an effective tool for bettors to leverage their edge in specific cases. It’s like riding on a winning streak but with far higher risks. So unless you’re rich enough to lose a lot, you should avoid betting on parlays.
Don’t Trust Touts
Usually, for the uninitiated, what touts and handicappers say makes sense since they present themselves as veteran bettors. However, no matter how much sense they are saying, you would have to pay for their service, which means to get even from that cost, you have to win with your bets for a substantial amount.
Sports betting is difficult to get even, and for your bankroll to outgrow its losses, you must win at least 52.4% of your bets, which can be hard to do sometimes. And then you would have to throw in a few dollars to touts, and you would have to win more bets just to get even from that innate loss. Of course, we’re not saying that touts shouldn’t be trusted. What we’re saying is that the cost is not worth the risk.
Be Smart with NFL Futures
The future lines for the upcoming Super Bowl are getting hot. If you want to profit from NFL futures, you must create an effective strategy. Line shopping is useful, especially if you’re looking for a synthetic hold. This is when you compare the best line offered in a bookie and compare it with another line from another bookie.
For example, let’s say that the Miami Dolphins are playing the Buffalo Bills, and the game has a moneyline at +140/-165 on Bookie #1 and +160/-185 on Bookie #2. If you bet on both, you will create a synthetic hold of 0.72%.
However, take note that this strategy is only applied to two-way markets. The NFL market is highly volatile, and some bookies are known to have biases on teams. Also, the house usually has a high edge on futures, especially if multiple teams are involved.
Home Field Advantage
Most bettors nowadays ignore home-field advantage and refer to the team stats. However, home-field advantage is a huge factor in most games, especially for underdogs who do well on their home field.
However, teams who play on their home field generally tend to do better since their friends and family are watching them. But ultimately, it’s still important to look at the stats at the same time. For example, some teams tend to lose on their home field but are playing better on the road and vice versa, so you should look at the team’s track record first.
Fading the Public
This is not even a tip but an outright strategy, but it’s so common nowadays that it’s seen as a tip for many. So what does fading the public mean? Fading the public merely refers to going against public opinion and betting on the other team instead. Usually, the public tends to favor household NFL teams or teams with recent successes, which can lead to inflated lines.
To avoid losses, bookies will improve the odds on the other team to entice more bettors to bet on them. This is when you strike. While the odds are still good, you would need to bet on it before an influx of NFL bets comes pouring in. Speed is the key here.
Final Words
The NFL season is in full swing, and the Super Bowl will be held just a few months from now. While the season is getting hotter and hotter, this is a good time to refresh and relearn all the tips we discussed above. They will help you manage your bets and prolong your bankroll, so you need to use them. With all that said, good luck.
