Proposition (or Prop) – These are individual bets within a game, usually centering around a team, player or the game itself. Live Betting – When action is offered after a game starts, while it’s in progress. Shopping – Using several books to look for the best lines. Sportsbook (Book or House) – The entity offering the bets. Bettors signify how much they wish to risk or win for each leg of the parlay. For example, a three-team round robin would feature a three-team parlay and three two team parlays. Round Robin – A special kind of parlay which makes betting combinations for every team listed in the bet. Two team parlays typically pay out 2.6 to 1, three team parlays pay out 6 to 1, and four team parlays pay out 4 to 1. Parlay – A bet that combines a number of teams, all of which must win for the bet to win. Typically the vig is (-110) on both sides, but sometimes oddsmakers will increase the vig on one side instead of increasing the points spread ex: Patriots -3 (-120), Rams +3 (-100). In this case, a bettor is wagering $11 to win $10. Vigorish (Vig or Juice) – The fee or commission a player has to pay to the house, ex: Patriots -3 (-110). Under – A bet made for a team or game to score fewer points than the game total. Over – A bet made for a team or game to score more points than the game total. The dog will always be plus points and plus money (ie +120). Underdog or dog – The team getting points (ex: Rams +3) with the lower moneyline. The favorite will always be minus money (ie -140) and minus points. The bettor can either go Over or Under the given total.įavorite – The team laying the points (ex: Patriots -3) and the higher moneyline. Total – The number of points scored by both teams. If the underdog is +130 in that game, the bettor would win $13 for every $10 they lay. For example, a -140 moneyline means a player would have to lay $14 for each $10 they’d like to win. Moneyline (or Line) – Bettors can also wager on the moneyline, which simply states the odds a bettor most lay to bet on a football team to win straight up. ![]() The point spread is how much the better team (favorite) is projected to beat the weaker team (underdog) by for the bet to win. This involves making a wager on either the favorite or underdog to cover the point spread. Spread – The most popular way to bet football is taking a team against the spread ( ATS). NFL Betting Tips - Learn the Basics, Get NFL Odds NFL Odds Glossary Anybody looking to use NFL odds for sports betting purposes should also check out some of our NFL betting articles: With the fall of PASPA in 2018, we’ve experienced an influx of visitors searching for information on legal US sports betting. You can also sort to view New Jersey NFL odds. The page you are on now shows all legal US online sportsbooks that have made their NFL odds feeds available to us. The RotoGrinders team developed the NFL Odds tool as a resource for comparing odds among legal US online sportsbooks.
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