Types of NFL Bets- Prop Bets, Futures, Parlays, and More

Types of NFL Bets: Prop Bets, Futures, Parlays, and More

Betting on NFL games offers a variety of ways to engage with the action beyond the standard moneyline, point spread, and totals bets. This guide will delve into some of the more specialized types of NFL bets, including prop bets, futures, parlays, teasers, and more, to help you expand your betting repertoire and enhance your enjoyment of the game.

Proposition Bets (Prop Bets)

Prop bets are wagers on specific events within a game that are not directly tied to the final outcome. These bets can be highly varied and can include individual player performances, team milestones, or unusual events.

Examples of Prop Bets:

1. Player Props:
   • Passing Yards: Over/Under 275.5 yards for Patrick Mahomes
   • First Touchdown Scorer: Travis Kelce +700
2. Team Props:
   • Total Team Points: Over/Under 24.5 points for the New Orleans Saints
   • First Team to Score: San Francisco 49ers -110
3. Game Props:
   • Total Field Goals: Over/Under 3.5
   • Will There Be a Safety?: Yes +450

Prop bets are a fun way to add excitement to the game and focus on specific aspects that interest you.

Futures Bets

Futures bets are long-term wagers on events that will be decided in the future, such as the outcome of the entire season or significant milestones.

Examples of Futures Bets:

1. Super Bowl Winner:
   • Kansas City Chiefs +400
   • Green Bay Packers +800
2. MVP Award:
   • Lamar Jackson +1200
   • Aaron Rodgers +1500
3. Season Win Totals:
   • New England Patriots Over/Under 9.5 wins

Futures bets require patience as they are settled at the end of the season or event but can offer substantial payouts.

Parlay Bets

A parlay bet combines multiple individual bets into one larger bet. All selections must win for the parlay to pay out. Parlays can offer higher payouts than single bets due to the increased risk.

Example of a Parlay Bet:

1. Parlay of Three Teams:
   • Baltimore Ravens -6.5
   • Dallas Cowboys Moneyline
   • Tampa Bay Buccaneers Over 48.5 points

If all three selections win, the parlay pays out at higher odds than betting each individually. However, if any selection loses, the entire parlay loses.

Teaser Bets

Teaser bets allow you to adjust the point spread or totals in your favor in exchange for a lower payout. Teasers are popular in NFL betting due to the typically close nature of games.

Example of a Teaser Bet:

1. 6-Point Teaser:
   • Adjust New England Patriots from -7.5 to -1.5
   • Adjust Los Angeles Rams from +3 to +9

Teasers offer more flexibility and a better chance of winning but come with lower payouts.

Round Robin Bets

Round robin bets allow you to create multiple parlays from a list of selected bets. This way, even if not all bets win, you can still get a return on your investment.

Example of a Round Robin Bet:

1. Selections:
   • Miami Dolphins -3
   • Seattle Seahawks Moneyline
   • Buffalo Bills Over 45.5 points

A round robin bet with these selections would create several smaller parlays, such as all possible two-team parlays.

Live Betting

Live betting, also known as in-game betting, allows you to place bets on a game as it unfolds. Odds and lines change in real-time based on the action on the field, offering dynamic and immediate betting opportunities.

Examples of Live Bets:

1. Next Team to Score: Bet on which team will score next during the game.
2. Adjusted Point Spread: Bet on an updated point spread based on current game conditions.
3. Player Performance: Bet on ongoing player performance metrics, such as total yards or receptions.

Exotic Bets

Exotic bets are unconventional wagers that don’t fit into the standard categories. These can include unique or unusual betting opportunities.

Examples of Exotic Bets:

1. Coin Toss: Bet on the outcome of the pre-game coin toss.
2. Length of National Anthem: Bet on how long it will take for the national anthem to be sung.
3. Gatorade Color: Bet on the color of the Gatorade poured on the winning coach of the Super Bowl.

Conclusion

The world of NFL betting is vast and varied, offering numerous ways to engage with the games beyond traditional betting methods. Prop bets, futures, parlays, teasers, round robins, live betting, and exotic bets each provide unique opportunities to test your knowledge and intuition about the game. By understanding these different types of bets, you can diversify your betting strategy and enhance your overall experience. Always remember to bet responsibly and enjoy the thrill of the game.