NFL picks and parlays are a fun way to add a little extra action into your football betting. They can be very lucrative if you know how to handle them correctly, but they also come with a lot of risk.
A lot of sportsbooks have parlay functions now that make it easy to combine multiple prop bets into one wager. This is particularly helpful for totals bets, which can make late-game drives in matchups that are well out of reach exciting.
Moneyline bets
Moneyline bets are one of the most common wagers made at sportsbooks. They’re easy to understand and offer a wide range of odds. They’re also one of the least risky types of bets, so they’re ideal for most people.
A moneyline bet is a bet on a team to win a particular game by a certain amount of points. If the team wins, you’ll get your original wager back plus a payout. Alternatively, if the team loses, you’ll lose your original wager and not receive any payout.
The best way to make money with a moneyline bet is to find an underdog. The underdog has the highest odds, and they often have big payouts. However, it’s important to understand that betting on an underdog can be risky because they don’t always win.
Despite this, a moneyline bet can be an excellent way to make extra money. For example, in the 2021 NCAA Men’s Basketball Tournament, Oral Roberts beat Ohio State with +900 odds.
In addition to the fact that moneyline bets have a high return on underdog teams, they’re also more appealing than standard point spread bets. For instance, Alabama was -10000 on the moneyline against Duke in their opening season matchup in 2019.
It’s possible to place moneyline bets in parlays. The payouts for moneyline parlays will vary from sportsbook to sportsbook, but they can be pretty lucrative.
You can bet on two or more teams in a moneyline parlay. Each team in the parlay is listed on a moneyline and will take the amount of your bet if they win. If the first team wins, your total bet will be matched and you’ll get your original bet back plus the payout of the second team.
The downside of putting a moneyline bet in a parlay is that it doesn’t pay out as much as a single bet. This is because the odds on each of the legs in a parlay will have different plus or minus odds figures.
For example, a +100 moneyline is equal to a 1 percent odds bet, whereas a +200 moneyline is equal to a 2:1 odds bet and so on. The payout for a moneyline parlay will depend on the number of legs, so it’s best to do some research before placing your bet.
Teaser bets
A teaser bet is a type of parlay that lets you shift the point spread and/or game total of two or more teams. In this manner, you can improve your odds of winning the bet and reduce the risk involved.
While teasers are most common in team sports like football and basketball, they can also be used in other kinds of sports like golf and tennis. You should always read the terms and conditions of your sportsbook to see how they handle teasers.
Typical teaser wagers move the point spread or game total by a fixed number of points, which improves the chances of winning but reduces payouts. These numbers vary from sportsbook to sportsbook and range from four to 10 points for football.
To place a teaser, click on a selection in the spread or game total section of your betting slip. A new box will appear with the adjusted lines for that pick. You can then select additional teams to add to the teaser.
Once you’ve chosen the number of teams in the teaser, click “Add to My Bet Slip.” Then, place your bet and wait for the results.
One of the most important things to remember when putting together a teaser is that every game in the ticket needs to win for it to pay out. That means if any game pushes or ties, it will be removed from the teaser.
Another thing to remember is that the more games you add, the more risk you take. That’s why it’s usually best to choose a smaller teaser.
When placing a teaser, you should check the house rules at your preferred sportsbook to ensure you have the best possible odds on the selections in your ticket. The house edge for a standard NFL teaser is about 4.5%, while the house edge on a parlay is about 20%.
Most NFL teasers use six-point spreads, but you can change that figure to 6.5 or even 7 points in some cases. For more complex teasers, you can even add up to 10 points. In fact, some sportsbooks will let you create 10-leg teasers that are priced at a higher level than standard ones.
Over/Under bets
Over/Under bets are a great way to increase your odds of winning on NFL picks and parlays. They’re also fun to place because you can bet on a variety of stats, including a team’s total rushing yards or attempts, down conversions (first or third), turnovers, interceptions, field goal percentage and more.
Oddsmakers set a number called the “total” for each game before the start of the game, and bettors wager on whether the game will end with more points scored than the total or less. The total will depend on a number of factors, such as team history and injury reports, team reports, injuries, pace of play, weather conditions, offensive and defensive trends, and much more.
Most sportsbooks set the total for a game at about 45 points, and bettors can either bet on the Over or Under. The Over wins if the total is over 46.5, and the Under wins if the total is under 46.
Another factor that affects the totals is how a team’s style of play changes from week to week. If a team is struggling to score, they may opt to change their strategy to keep the score low. Conversely, if they’re playing a high-scoring team, they might choose to run the ball more often to avoid losing.
For this reason, many sportsbooks offer alternate totals, which are slightly different from the standard -110/-110 lines. These alternate lines have more vigorish, or juice, so you need to bet more money to win on an over or under.
One of the best things about live over/unders is that they are constantly changing, allowing you to watch for trends and make educated decisions. In some cases, the total might move from 48.5 to 44 in a few minutes after an early couple of empty possessions.
The best way to place an Over/Under bet is to use a sportsbook that offers good sign-up bonuses and allows you to shop around for the best odds. These bonuses can give you a huge advantage over other bettors, and they are always worth looking into.
Parlay bets
Parlays are a popular option for bettors that like to mix up their wagers. They combine multiple individual bets into one wager, with each of the included bets (or legs) having to win for the parlay to pay off.
They can offer bigger payouts than single bets, but they are also harder to win, so you may not want to play them unless you are very confident in the outcome of all your picks. They are also a good way to spread out your bets across different sports.
Some bettors choose to use a type of parlay called a “teaser.” A teaser is similar to a parlay, except that the point spread or game totals can be adjusted in a certain direction to lower your risk and increase your return. This is helpful for gamblers that have a strong sense of team strength and want to avoid picking heavy favorites in order to get more value on their bets.
Another type of parlay that bettors can use is a round robin bet. A round robin bet allows you to select a set of four bets from the same league, and the odds for those bets must be the same for your parlay to pay off.
A round robin bet can work with all kinds of sports, but they are especially popular for NBA, NFL and NHL betting. The reason for this is that these sports have a lot of prop bets that can be combined into parlays, making it easier for bettors to win big.
Many sportsbooks also allow bettors to combine two correlated bets into one parlay, so long as the probability of both bets being successful is high enough. The same rule applies to parlays with correlated outcomes.
Another way to maximize the potential of your NFL picks and parlays is to take advantage of free play bonuses offered by online sportsbooks. These are often available when you deposit a certain amount of money into your account. Some of these free bets are even credited to your account when you make a real-money wager, which can give you a boost in your bankroll.
