How to bet on NFL in Virginia

As of January 2021, sports betting is legal in Virginia. One issue with this legalization was the lack of casinos located in the Commonwealth. As a result, the state launched sports betting as an online-only industry. With eight active apps in the state, wagers amount to nearly two billion dollars in bets after the first year of operation. 

Where to bet on the NFL

Always look for a reputable platform when trying to make any wagers online. As there is currently no in-person casino, all sports betting is completed online with a sportsbook. If you’re looking for an international sportsbook, betmgm Virginia app has taken an aggressive stance on every sport betting state available. The app was launched in 2021, quickly building traction and dominating as a leader online. New accounts qualify for up to $1,000 risk-free betting.

Different Types of NFL Bets

The NFL isn’t just popular for viewers; it’s an ideal sport for betting. For most bettors, having a solid understanding of the game makes all the difference in winning. After all, to bet on the game, you should try to have a solid understanding of how the game works. 

When it comes to football betting, both the NFL and most college football teams are available for wagers, although the types of bets will vary. For football fans, betting on the game is the perfect combination of strategy and intuition. The three most common types of bets include total, moneyline, or spread. 

Betting on the Point Spread

A point spread is a number determined by odds specialists. Oddsmakers work with sportsbooks to assess the advantage or disadvantages any team might have when competing against one another. The calculation is based on the margin of victory or defeat a team has when competing with one another. 

Favored teams between the two receive a negative number. Meaning, the team would receive a disadvantage (negative number) to win the game in betting. Alternatively, the underdog gets a positive number, which represents the advantage given to winning the game. These numbers serve to even out the match (and betting) between the two teams. 

Understanding the Totals

When making a wager for the totals, you’ll need to predict the final combined score of both teams. Oddsmakers will indicate their expected outcome based on scoring perspectives. Placing a wager requires individuals to guess whether the final score will go over or under the set total. 

Placing a Bet on the Moneyline

The moneyline is a straightforward guess on who the bettor believes will win the game. Also known as a straight-up bet, it’s the easiest option for novice bettors. Odds for these bets are calculated on a premium basis. That is, the favored team will pay out less than the underdog with every wager. The number indicated will tell bettors how much the favorite team will need to pay to win one hundred dollars or how much the underdog’s win will pay for a one hundred dollar bet.

For example, if team one is -240, bettors will have to wager $240 to win $100. If the underdog is +210, bettors can win $210 for every $100 wager on the game. Betting on the underdog may seem like a more profitable strategy, but it’s essential to recognize the additional risk with the wager. Alternatively, betting the favorite team will pay out significantly less but will often be a safer option between the two teams. 

The Importance of Bankroll When Sports Betting

For many inexperienced bettors, the desire to recoup lost bets can be substantial. Having a predetermined budget in mind for the season can help cap any impulsive or intense bets. Try to place all wagers as a set price rather than a gut feeling; emotions can often sway decisions quickly. The goal of sports betting is to enjoy the game with an appropriate stake; by betting aggressively or outside of the budget, losing can hurt significantly more.