You can tell that the Rams are the favorite because they have a -200 designation and the Bengals are the underdog because they have a +165 designation. Here’s an example using the Super Bowl LVI matchup: A favorite will be designated with a minus sign (-) while the underdog will be designated with a plus sign (+) in the moneyline. The favorite is the team that is seen as likely to win the contest whereas the underdog is the team seen as likely to lose. Each moneyline game will feature a favorite team and an underdog team.

Moneyline bets are the most simple as they only require a bettor to pick the team that they think will win a particular game or event regardless of the score or stats. There are several popular NFL betting options that you can take advantage of each week to maximize your total payout like: You should have an understanding of the different types of bets, and the associated payout structure, before playing a wager on an NFL game. We will use the odds table for Super Bowl LVI between the Los Angeles Rams and Cincinnati Bengals as an example throughout this guide. This NFL betting guide will give you the foundational information that you need to understand basic betting terminology, interpret game odds, and utilize moneylines to help you make educated NFL picks each week. If you’re new to sports betting, or specifically NFL betting, our standard odds tables may be a bit overwhelming. North Carolina sports betting is the next to come online, with an expected launch period between January 8-June 14, 2024! Understanding NFL Odds Be sure to follow the news if you're in a pending state. There are several states that are in the process of creating or voting on legislation that would legalize mobile sports betting. Legal online sports betting is currently available across 29 states, including Washington, D.C.! You can see the status of sports betting in your state with Action Network's legalization tracker.

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