A Betting Guide for the 2024 NFL Season

Types of NFL Bets

Moneyline Bets

Moneyline bets are straightforward and perfect for beginners. You simply pick the team you believe will win the game. Odds are set based on each team’s probability of winning. For example, if the Kansas City Chiefs are favourites to win against the Baltimore Ravens, their odds might be -150, meaning you need to bet £150 to win £100. Conversely, the Ravens might have odds of +130, meaning a £100 bet would win you £130 if they win.

Point Spread Bets

Point spread betting involves wagering on the margin of victory. The favourite must win by more than the spread, while the underdog can either win outright or lose by less than the spread. For instance, if the Chiefs are -7 against the Ravens, they must win by more than seven points for a bet on them to pay off. If you bet on the Ravens at +7, they must either win or lose by less than seven points.

Over/Under Bets (Totals)

In over/under bets, you wager on whether the total points scored in a game will be over or under a set number. If the over/under for a game between the Chiefs and Ravens is 50, you can bet on whether the combined score will be more or less than 50 points. This type of bet is great if you are unsure about picking a winner but have a feel for the scoring potential of the game.

Prop Bets

Prop (proposition) bets focus on specific events within a game rather than the outcome. These can include betting on the first team to score, the number of touchdowns a player will have, or the total yards a quarterback will throw. Prop bets add an extra layer of excitement and are often popular during big games such as the Super Bowl.

Futures Bets

Futures bets involve wagering on events that will happen later in the season. Common futures bets include predicting the Super Bowl winner, conference champions, or MVP. These bets are usually placed before the season starts, but odds can change as the season progresses based on team performance.

Parlays

Parlay bets combine multiple individual bets into one. To win a parlay, all individual bets (legs) must be correct. While parlays offer higher payouts due to the increased risk, they are challenging to win. For example, you might parlay bets on the Chiefs, Packers, and Patriots all winning their games. If any of these teams lose, the entire parlay is lost.

Teasers

Teaser bets are similar to parlays but allow you to adjust the point spread in your favour. While this reduces the potential payout, it increases the likelihood of winning. For instance, if you have a two-team teaser with the Chiefs at -7 and the Ravens at +3, you might adjust the spread by six points to make it Chiefs -1 and Ravens +9.

NFL Betting Strategies

Research and Analysis

Thorough research and analysis can give you an edge. Study team statistics, player performances, injuries, and historical matchups. Pay attention to trends such as home/away performance and performance against the spread. Keeping informed about team news and weather conditions can also influence your betting decisions.

Value Betting

Value betting involves finding odds that are higher than the actual probability of an outcome. If you believe a team has a better chance of winning than the odds suggest, it’s a value bet. Identifying value requires a good understanding of the game and market, but it can be a profitable strategy over time.

Betting Against the Public

Public opinion can heavily influence betting lines. Often, popular teams are overvalued, and less popular teams are undervalued. Betting against the public, also known as fading the public, can be profitable. Monitor line movements and place bets when the public drives the line in a direction that creates value on the other side.

Specialising in Specific Markets

Specialising in specific betting markets can enhance your expertise and increase your chances of winning. Whether it’s focusing on point spreads, over/under bets, or player props, mastering a particular market allows you to develop a deeper understanding and make more informed bets.

Tips for a Successful Betting Experience

Stay Disciplined

Discipline is key in sports betting. Avoid chasing losses by placing larger bets to recover. Stick to your strategy and bankroll management plan. If you experience a losing streak, take a break and reassess your approach rather than making impulsive bets.

Keep Records

Maintain detailed records of your bets, including the type of bet, amount wagered, odds, and outcome. Analysing your betting history can help you identify strengths and weaknesses in your strategy, allowing you to make adjustments and improve over time.

Stay Informed

The NFL is dynamic, with player trades, injuries, and other factors constantly changing the landscape. Stay informed by following sports news, expert analyses, and team updates. Being up-to-date with the latest information can give you an edge when placing bets.

Avoid Emotional Betting

Betting based on emotions or favourite teams can cloud your judgment. Make objective decisions based on research and analysis rather than personal bias. If you find it difficult to remain objective, consider avoiding bets on games involving your favourite teams.

Prepare Your Bets with Galera Bet

Throughout the 2024 NFL season, Galera Bet will be here with a wide range of betting options and valuable insights. Head over to our sportsbook today to start planning your NFL bets.