Bears matchup and the total is set at over or under If it does, and you bet the OVER, you get a payout. If it doesn't and you bet the UNDER, you get a payout.

Parlay betting is not for the feint of heart, as we've said: it requires you to string together anywhere from and sometimes more bets for a bigger payout.

The only trick? Every single leg has to hit, otherwise you lose it all. We're also seeing one-game or single game parlays on the board lately, and that's in large part due to the advent of live betting:.

Prop betting is a form of casual bet that doesn't really have to do with the outcome of a game. For example, you can have the more technical prop bets like "player to exceed X passing yards before the half" or "team to intercept before the quarter is finished". You can also have less technical bets like "color of Gatorade dumped on the coach", "will the mascot trip down the stairs today", or any number of novelty bets.

Throw in the fact that legal, online betting can be done from a mobile device, and live betting becomes possible: that's where you can place prop bets, including parlaying them together in single-game parlays, as the game is happening.

Exciting times we live in! We've reviewed some of the top NFL sportsbooks in the country and their exclusive promotions available for new and existing users. Check out our sportsbook reviews, like Fanatics Sportsbook , and sections on providers to get all the information you need to get online and bet legally, including promos and bonuses to get you off on the right foot!

You can take advantage of our exclusive BetMGM Bonus Code VIBONUS One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our preferred sportsbooks. The opening line varies depending on the sportsbook, but the figure provides a clear-cut rating as determined by the oddsmakers.

The VegasInsider. com Consensus NFL Line is just as important as the Open Line and also a key resource on odds platform. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.

Negative NFL odds indicate that the bet is the favorite, which would lead to a lower payout. Positive NFL odds indicate an underdog bet, leading to a higher payout. Sometimes, taking a bet on the favorite makes sense if you don't see a clear path for the underdog to upset the expected result.

NFL odds are determined by professional oddsmakers employed by the top sportsbooks. Online betting odds usually reflect what is determined by oddsmakers at the nation's top casinos, many of which are in Las Vegas.

Reading the NFL odds is simple. Whether you're looking at totals bets, props, moneylines, or spread betting, the negative number indicates the favorite and a lower payout and the positive number indicates the underdog and a higher payout.

When betting the spread, there are also smaller numbers indicating the point difference, and for totals, the total number of expected points. NFL betting is very involved and the lines are some of the most accurate in the market.

As always, there's no guarantee for a winning strategy, but looking for value in less popular player props, underdogs with an improving record, and of course using the expert resources here at VegasInsider are a good start.

A point spread in NFL betting looks at the performance of a team regardless if they win or lose. For example, if a team is favored by one touchdown, many sportsbooks will offer odds on the team to win by at least 10 points instead.

This is one of the three main types of betting odds. Closing Line: The final odds posted when the game begins is the closing line. The live odds will then start to shift after the game begins and will generally continue until the game is over.

Consensus: The consensus line is a combination of odds from the top sportsbooks. If a team is a 7-point consensus favorite, it means that most oddsmakers have the team favored by seven points.

Decimal odds: Decimal odds, also called European odds, are one of the other formats used to present betting odds. Favorite: The favorite is the team expected to win the game outright. Favorites have a negative sign in front of their spread and money line odds.

Fractional odds: British fractional odds are the final type of odds used in sports betting. Futures: These can be some of the most interesting odds to monitor, as they relate to things such as championship winner or division winner.

Most sportsbooks update their futures odds on a weekly basis, giving fans a chance to see how their team stacks up in the eyes of the oddsmakers. Home-field advantage: One thing that is a factor in every NFL game is home-field advantage, which changes the odds based on which team is playing at home.

Some teams have a bigger advantage than others, as their crowd noise or location can adjust the odds more significantly than others. Hook: If the betting odds have a half-point attached to them, that is called the hook.

The hook makes it impossible for the betting result to end in a tie, as NFL games do not have half points. Juice: Also known as vigorish or vig, the juice is the amount factored into the odds by oddsmakers.

Line movement: NFL odds generally do not move as much as other sports due to the accuracy of the betting market, but they still feature line movement due to various reasons. Weather, injuries or large bets are all reasons for line movement on NFL games.

Money line: The money line is the odds related to the winner of the game with no point spread involved. Favorites have negative odds, while underdogs have positive odds in an American odds format. Oddsmaker: Someone who sets betting odds and lines is an oddsmaker.

Some oddsmakers create their own betting odds originators , while other oddsmakers copy odds that are already in the market. These are also used for some futures odds, such as how many games a team will win in a season.

The betting odds have not determined a favorite or an underdog, so they are usually good games to watch. Spread: The point spread levels the playing field between two teams, as it is the number of points the favorite is expected to win by.