NFL American Football Betting using bitcoin
The National Football League or NFL in short, is the highest level of American Football. It has become very popular in the past decade and has great international appeal. The NFL season often starts from September and finishes in February so sport betting fans can bet on particular NFL matches online at various Bitcoin betting sites that offer NFL odds.
Divided into AFC and NFC, each NFL group has 16 teams and out of them only 12 teams qualify for the play-offs that culminate with the Super Bowl that cashes the eyes of many football fans throughout the world.
NFL betting offers a great deal of options to sport betting fans, especially those that wish to bet with Bitcoins. The types of betting options are similar to those of soccer betting with bitcoins and the entire process is quite simple. Just sign up with one of the best Bitcoin sportsbooks and make a deposit. Then use the Bitcoins to place various types of bets on NFL.
The Super Bowl- The Pinnacle of American Football Betting
Not only it is one of the most popular sporting events of the year, but the Super Bowl is also one of the biggest events in the American sporting calendar. The best teams from all parts of America compete for the Vince Lombardi Trophy, therefore, the event provides the best American football betting lines.
At the beginning of 2000, the pinnacle of the American football betting was dominated by the New England Patriots side. They won the event in 2002, 2003, 2004 and 2005. However, since then, different teams have won the Super Bowl between 2007 and 2013.
Some of the winning teams over the years are Green Bay Packers, Pittsburgh Steelers, New Orleans Saints and many more. The fact that different teams win the trophy each time makes the American football betting odds very tempting.
Types of NFL American Football Bets with Bitcoins
The following are the most common types of NFL American football bets you will come across at online Bitcoin sports betting sites:
- Money line
- Point Spread
- Total Wager
- Futures
Money line
A money line bet in NFL betting is a straight up bet on who will win a match. Let’s say the money line odds of New York Giants winning the game are +140, while the money line odds of Detroit Lions winning the match are -160. The +140 odds of the New York Giants mean that for every bet of $100 you will win $140. If you want to bet on the Detroit Lions you have to risk $160 to win $100.
Point Spread
A handicap bet, the point spread equals the chances of winning of both teams. Let’s say the favorites for the New York Giants and Detroit Lions match is the later team who has a point spread of -3(-110). To win this bet, the Detroit Lions would have to win the other team by four or more points.
Totals (Over/Under)
This is a bet on Over/Under for the total score at the end of the match of both teams. For example, the total wager on New York Giants vs. Detroit Lions is 33 (-110). To win this bet the total score has to be 34 or more points combined for the two teams. If the total points scored are exactly 33, your bet will be returned to you.
Futures
Bettors can place bets on NFL before the start of the season like who will win the Super Bowl. They can place a bet on this option during the entire season. They can also bet on which teams will win their respective divisions.
Factors to Consider in NFL Betting
Anyone who wants to bet on NFL American Football with Bitcoins, especially on the final event, should carefully consider certain factors such as the form of each team. They should also review analysis of the NFL usually available in both printable and online media outlets.
Bettors should also be aware of suspensions of players and injuries in the team as well as factors like whether the team is suited to certain weather conditions. Such factors can tell you how good a team will perform and this, in turn, will tell you the type of bet you should make.