NFL Odds & Lines for Betting in New Zealand

About Our NFL Odds: Games and Futures

Our odds provider feed showcases the highest odds for the most popular betting markets for each NFL game. Consequently, you might notice slight variances in handicap lines associated with the odds. These odds are an aggregation, so it's noteworthy to say that the sportsbook offering the highest odds for one side of a bet may not necessarily offer the highest odds for the opposing side. This discrepancy clarifies why point spread or total lines may not perfectly align within the tables.

These NFL odds stem from diverse providers within the international market - not the NZ market. Therefore, these odds generally present different outlook compared to TAB and Betcha, within the legal New Zealand sportsbook marketplace. With now only two brands in New Zealand, NFL odds comparison as a process has been mooted, as the odds will likely be the same at both brands, since they both come from the same company, Entain. SNBET also furnishes Super Bowl odds for enthusiasts interested in information about the premier NFL futures betting market.

Moneyline Betting in the NFL:

NFL Moneyline betting entails wagering on the outright winner of a game, independent of the point spread. Moneyline bet odds are typically presented in decimal format. For instance:

New England Patriots: 1.80

Dallas Cowboys: 2.35

A $100 bet on the Patriots at odds of 1.80 would yield a total payout of 180 units if they emerge victorious. Similarly, a $100 bet on the Cowboys at odds of 2.35 would result in a total payout of 235 units upon their triumph.

Point Spread Betting in the NFL:

In NFL Point Spread betting, the sportsbook assigns a point spread or handicap to each team to level the betting field. Point Spread bet odds are also depicted in decimal format. Consider this example:

New England Patriots -7.5: 1.90

Dallas Cowboys +7.5: 1.90

Betting on the Patriots at -7.5 points necessitates their victory by 8 or more points for a successful wager, offering a payout of 190 units for a 100-unit stake. Conversely, wagering on the Cowboys at +7.5 points requires either their outright win or a loss by 7 or fewer points for a winning bet.

Total Betting (Over/Under) in the NFL:

In NFL Total betting, also referred to as the Over/Under, you're speculating on the combined score of both teams. The benchmark number is set by the sportsbook, and you can bet on whether the actual score will surpass or fall short of that total. Total bet odds are presented in decimal format. For example:

Over 44.5: 1.87

Under 44.5: 1.87

Opting for the Over signifies a belief in a total score surpassing 44.5 points, with a successful bet resulting in a payout of 187 units for a 100-unit wager if the actual combined score is 45 points or more. Conversely, selecting the Under anticipates a lower-scoring game, with a desired total score of 44 points or fewer.

It's crucial to note that odds may fluctuate based on various factors such as team performance and other pertinent variables. Understanding the odds and potential payouts is paramount before engaging in any betting activities.

Understanding odds margin or "sportsbook hold" on NFL games:

Let's calculate the odds margin using the decimal odds for an NFL game between the Green Bay Packers and the Chicago Bears, on the moneyline:

Green Bay Packers: 1.67
Chicago Bears: 2.30

To calculate the odds margin, we need to convert the decimal odds into implied probabilities. Here's how we can do it:

Convert the Green Bay Packers' decimal odds to implied probability:
Implied probability for the Green Bay Packers = 1 / 1.67 = 0.5988 (approximately)

Convert the Chicago Bears' decimal odds to implied probability:
Implied probability for the Chicago Bears = 1 / 2.30 = 0.4348 (approximately)

Now, let's calculate the odds margin by subtracting the sum of the implied probabilities from 1:

Odds margin = 1 - (0.5988 + 0.4348) = 0.0334 (approximately)

In this case, the odds margin is approximately 0.0334, which represents the sportsbook's hold or profit. This means that, on average, the sportsbook expects to earn around 3.34% of the total wagers placed on this NFL game (the "handle").

Analyzing the odds margin can help Canadian bettors understand a given bookmaker's profitability and assess the competitiveness of the betting market for the given NFL game. It's important for bettors to consider the odds margin when making their betting decisions and look for opportunities with lower margins to potentially increase their chances of success.