Starting this season, some NFL stadiums will be allowed to have betting lounges, and teams may accept sponsorships from sportsbook operators, as the league continues to get more comfortable with the expanding legal sports-gambling market in the U.S.
Retail sportsbooks are still prohibited at NFL stadiums, and there will not be any physical betting windows. However, stadiums in jurisdictions with legal sports gambling may offer betting lounges, showcasing mobile betting options, according to Chris Halpin, chief strategy and growth officer for the NFL.
'We're allowing betting lounges,' Halpin told ESPN on Friday. 'Similar to daily fantasy lounges today, in an adult, discreet area, there will be a betting setup, but we're not going to have betting windows.'
Under the new league policy, teams can designate official sportsbook sponsors and display signage in stadiums with some restrictions. The word 'sponsor' must be included in reference to sportsbooks, and sports betting signage remains prohibited in the lower bowls of stadiums.
Previously, casino sponsorships were allowed, but references to sportsbooks were not. In January 2019, the NFL named Caesars Entertainment as the league's first official casino sponsor, a deal that did not include sports betting. Teams have accepted casino sponsorships for years, but without sports betting.
What is Sports Betting? Sports betting is placing a wager on the results of a sporting event. This could include NFL games, college football, NBA games, and more. But it’s more than just predicting the score. Sports betting gets into statistics, probability, education - the list goes on! It can be online or in select states, like Nevada. The three main key numbers in NFL point spread betting are 3, 7 and 10, representing a field goal, a touchdown or a field goal plus a touchdown. The two most common.
The NFL season is down to eight teams. Prior to making your wagers, read up on which sides are drawing sharp and public action. To learn more about the betting markets, we talked to Johnny Avello. In the NFL the best team will win the vast majority of the games. Spread betting is the most popular NFL betting option because spread betting handicaps the favourite team, which puts both teams on a more even playing field. This allows wagers on favourites to cover the spread to payout much more than money lines and also allows wagers on underdogs to have an equal chance of winning.
Sports Business Daily first-reported the change in NFL policy.
Nfl Money Line Bets Explained
Legal sportsbooks are operating in 14 states, including four that are home to NFL teams: Indiana, Nevada, New Jersey and Pennsylvania. Several more jurisdictions, including NFL hubs Colorado, the District of Columbia, Illinois and Tennessee, are expected to launch sports betting this year.
'We feel good about how it's evolved state by state,' Halpin said of the growing American sports betting market. 'We're more and more excited about how sports betting is developing, and we're now doing more in the space. We're very positive about how it's developing.'
“Wait, why does this NFL team have a -235 next to its name? What’s with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!”
If that sounds like you, we’re here to assist you. If you’ve stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don’t worry. It’s not just you. Those numbers can be confounding.
But hopefully, once you’re done reading this, you’ll completely understand how they work. As you prepare to dive into the world of sports betting, here’s a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That’s where point spreads come in. Let’s look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
NFL Betting Odds Explained | How To Read NFL Betting Lines
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They’re the underdogs.
Now, sometimes the spread “moves” during the days leading up to the game. Perhaps the Eagles’ spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see “PK” or “pick” next to a team, it means there’s no spread and you can bet on who will win, no matter what the score is.
Moneylines
Let’s take that same example above but use moneylines:
Philadelphia Eagles (-200)
New York Giants (+150)
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
The Giants are the underdogs. If they’re +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
NFL Spread Betting Explained With Examples - Sports Bet Listings
If you’re betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots — 3/1
Baltimore Ravens — 5/1
Nfl Sports Betting Explained Odds
Kansas City Chiefs — 8/1
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you’d win $150 (plus your original wager) back.
Cached
Good luck!