It’s almost that time again, when Dallas Cowboys fans begin to dream of the good old days of the 1990s and everyone discusses the impending demise of Tom Brady that never actually materialises. Thanks to a relaxation in America’s sports betting laws, it’s also the time when sports fans all across the country can check the latest NFL odds and dream of winning big on an outside bet.
If you’re new to sports betting though, the thought of choosing a betting app to download and trawling over the odds can seem like a daunting prospect. That’s why we’ve put together this handy article to tell you everything you need to know about making your NFL bets ahead of the coming season.
Read on to find out more.
When you’re changing your energy supplier, buying a new car or negotiating a loan you shop around to find the best deals. Why? Because there’s a lot of money at stake and you don’t want to end up out of pocket. Those are the exact same reasons why you shop around before making any NFL bets. At the time of writing there are 40 online sportsbook that can be accessed in US states where online betting is legal with brands like Draft Kings operating in 17 states.
Whilst 40 might not sound like a lot, it is when it comes to making a decision on who to bet with, especially when you’re inundated with advertising day in day out.
Before you bet, head over to one of the many online betting comparison sites to see which online sportsbooks are offering the best welcome bonuses and the most competitive odds and pick whichever provider is best suited to your needs.
Sports betting isn’t a reliable source of income. If it was, every one of the tens of millions of sports fans in the United States would be sat at home during the week placing their NFL, NBA and MLB bets. Whilst you might have some exhilarating thrills betting and see your bank balance balloon at times, there is always the opposite end of the spectrum in which you don’t pick a winner for months and see your cash dwindling.
That’s why it’s important to set yourself a budget before you start betting. Remember, sports betting is a leisure activity so only spend on it what you would spend on other leisure activities like going for a beer or grabbing a bit of food. If you’re betting with one of the big providers, check out whether they have a budget facility where you can impose weekly and monthly financial limits on your betting.
If you’re new to betting you will find the idea of a parlay bet exceedingly enticing. This type of bet sees you attempting to predict the outcome of multiple matches to increase your odds and potential payout. If for example, you decide you’re going to predict the outcome of 16 games, you could see your odds jump up to eye watering levels like 500000/1, meaning a $1 bet would be rewarded with half a million dollars in winnings.
The odds are so high for a reason though, and that’s because it’s incredibly difficult to predict the outcome of one or two NFL games, never mind any more than that. If you’re tempted by the idea of parlay betting, just treat it in the same way as you would the Powerball – put up your $2 a week and hope for the best.
Ignore the Pundits
Have you ever actually listened to some of the garbage that is spouted by television commentators and pundits? How many times have you heard a pundit hype up a player only to see them fail terribly on live TV? What about the predictions made in game? When a commentator announces a game is all but over only to see everything change dramatically in the last couple of minutes.
Our point then, is to ignore the pundits and commentators when it comes to making your bets. Never make a bet based on what someone on the TV has said. Instead base your bets on cold hard facts and statistics. The statistics aren’t going to mislead you into thinking the New England Patriots are in for the Super Bowl just because they played for them 10 years ago. Stick to the facts, ignore the opinions and you’ll do well.
If all you’re going to do is bet on the outcome of individual games, you’re going to quickly find yourself getting bored. In addition to that, you’ll get frustrated, firstly because your winnings won’t be that big and secondly, because the random chaos of sport will see you losing on those bets that you were thought were all but guaranteed.
That’s why you should diversify and branch out. Start looking at the handicap markets, where you can make the most of perceived imbalances between teams. Consider an early, speculative outright that will keep you on the edge of your seat until the end of the season.
Finally, as cheesy as it sounds, have fun. When betting on the NFL is no longer fun and it starts to cause you stress, it’s time to close your account for a while and cut your losses.