NFL live betting
NFL live betting (sometimes called “in-play wagering”) refers to placing wagers on game events and the final result after the game has started. Sportsbooks will update the odds after every play based on what is happening on the field, adding to the excitement of betting on the game.
Mastering live betting requires you to be able to anticipate momentum shifts, pouncing on a favorable line before the odds swing and your wager isn’t as favorable.
For this reason, we recommend you only live bet on games you’re actively watching. NFL stats are more accessible than ever, but they don’t always paint a clear picture of what’s happening.
Instead, watch the game, trust your instincts, and pay attention to line movement so you can get your bet in while it’s still favorable to do so.
How to read NFL odds
Reading NFL odds is the most important step in football betting. You will need to understand two elements when calculating odds: which outcome is the favorite/underdog and how much money you can win by backing that outcome.
The first step when reading NFL odds is to locate where the “+” and “-” symbols are on the odds posting. The “+” symbol indicates a betting underdog and the “-” symbol denotes the betting favorite.
A “favorite” isn’t necessarily your favorite team or player; instead, the term refers to the outcome that the sportsbooks and bettors believe is most likely to occur. On the opposite side, the “underdog” is the outcome (or outcomes, in props and futures betting) that is less likely to occur.
The next step to reading NFL odds is to look at the number listed after each of the signs. To make things easier to understand, it helps to base around a $100 amount.
The number listed after the “-” sign shows the stake needed to bet to win $100, while the number after the “+” sign shows how much money you’d win with a $100 bet.
Payouts are scaled proportionally to your stake, so you won’t need to actually bet $100 or more when making these bets unless doing so is within your financial means. Whatever amount you decide to use as a stake, please ensure that it is a responsible amount.
In cases where all outcomes have a “+” sign (which tends to happen with futures bets), the betting favorite is the one that has the smallest number after the “+”. In a similar manner, close head-to-head matchups may list both outcomes with “-” symbols; when that is the case, the betting favorite has the higher number after the “-”.
Expert advice when betting on the NFL in Virginia
Before you begin betting on the NFL in Virginia, we hope you keep this expert advice in mind.