Can You Bet On College Football
College football is arguably the best sport to bet because data is very accessible yet it’s hard for bookmakers to make sharp lines because there are just so many games. There are 130 NCAA Division I Football Bowl Subdivision teams and a typical Saturday slate of college football can include upward of 60 games. Even the sharpest sportsbooks—including BetMGM—have weak spots. Here’s a look at some of the options you have for cashing tickets on college football bets:
College football betting: Ways to bet
Access USA TODAY Sports’ betting odds for a full list of today’s sports betting odds and lines.
Sportsbooks set a number of total points expected to be scored in a college football game. As a bettor you would need to bet on whether the actual combined number of points scored will be more or less than the set total. Let’s say Wisconsin is playing Michigan and the total is set at 58.5.
Futures: These wagers are for events decided well after the bet has been placed. A- When you walk into a Vegas sportsbook during NCAA football season, all of the biggest sportsbooks will offer lines on upcoming games. You can bet on the moneyline, total, or point spread of almost any college football game throughout the season. We will say that there are a few benefits to betting.
- When you spot line changes and inaccurate odds, you can go ahead and place your bet. Top Tips For Betting On College Football Having a betting strategy isn’t enough. It needs to be backed up by a willingness to do the right things. In this section, I’m going to reveal a few of my favorite top tips for betting on the NCAA.
- College Football, Baseball and Basketball Betting Odds A money line bet is on a team to win the game outright (with no point spread) at an adjusted cost. The favorite will have negative odds, while the underdog will have positive odds. The difference here is in the prize or payout, depending on which topic.
College football betting: Key betting terms to know
Moneyline: These are the odds set by BetMGM on a team to win the game straight up. The moneyline for the 2020 College Football Playoff National Championship was LSU Tigers -228 and Clemson Tigers +185. A $228 wager on the LSU -228 moneyline earned a $100 profit when the Tigers beat Clemson, 42-25.Point spread: Theline, thepoints, thespread, thenumber are all other ways to refer to how many points a team needs to win by or cannot lose by. For example, if the Oklahoma Sooners are -6.5 at the Texas Longhorns then you can wager on Oklahoma and win if the Sooners win by seven or more points. If Texas stays within 6 points in a loss or wins outright, then its side of the bet would win and a bet on Oklahoma would be lost.Over/Under: This could be used when discussing the total but also for player and game props or futures. It’s as simple as betting the Over or the Under on BetMGM‘s listed odds for let’s say the Pac-12 title game point totalor 2020 passing yards for Ohio State QB Justin Fields as a season prop.Push: Tie, chop, draw, Kiss Your Sister, whatever you want to call it. Sometimes a push feels like a miracle, sometimes it feels like a bad beat but it’s never a loss or a win. It’s just, meh. You get your money back, which I would bet on the Pac-12 Saturday night game.Key numbers: Since touchdowns (seven) and field goals (three) are the most common increment of scores, those are also the biggest key numbers. Ten, 17, 24 are also in this group. You’ll hear “sharps” talk about key numbers in their handicaps—like betting favorites at -2.5 or -6.5 and betting underdogs at +3.5 or +7.5—so familiarize yourself with the lingo, and the math.Get some sports betting action by placing a bet with BetMGM today. For more sports betting picks and tips, visit SportsbookWire.com.
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How to Bet On Sports > How to Bet on College Football
“Show me a good and gracious loser, and I’ll show you a failure.” – Knute Rockne, Notre Dame
Introduction
Welcome to SportsInsights.com’s Sports Betting Academy, designed to provide even the most novice sports bettor a look into the different aspects of sports betting. The focus of this article is how to bet on College Football. The college game is a completely different animal from its NFL counterpart, providing bettors with a greater slate of games throughout the week, including 30+ matchups on Saturday alone. We will prepare by starting with the basic college football betting types, including: spread bets, moneyline, totals, parlays/teasers and halftimes.
Spread Bets
Just like the NFL, college football’s most popular wager is the spread bet. The spread is a type of bet that equalizes the chance of winning a wager (see example below). The spread, or line, for college football is generally released days in advance of the game (these release dates will vary due to college football’s games taking place Tuesday-Saturday). An underdog team’s spread will be accompanied with a “+”, while a “-” indicates a team that is favored. The example below demonstrates an example of a spread bet:
Team | Spread | Final Score |
Michigan | +3 -115 | 30 |
Ohio State | -3 -105 | 31 |
The juice for this game is -115 for the underdog. The juice can be thought of as a fee the bookmaker charges for you to place the bet. Typically, the juice for any side wager is -110, but several sportsbooks offer reduced juice. In this example, a winning bet of $115 would yield $100 profit, for a total of $215 ($115 bet + $100 profit = $215 total). Despite losing the game, Michigan covered the spread by losing by less than 3 points.
Moneyline
A Moneyline (ML) takes the spread out of the equation as bettors simply pick who they think will win the game. Different odds placed next to each team will quantify the payout of betting on either team. The example below from the SI Archive should clarify things:
Team | Moneyline | Final Score |
Michigan State | +260 | 7 |
Alabama | -375 | 49 |
Can You Bet On College Football
As you can see, a bet of $375 on Alabama would yield a profit of $100. Generally, the Moneyline is a direct reflection of the spread. For example, the spread for this game closed at 7.5, which helps to explain the drastic ML odds. With the amount of games available on any given Saturday, a bettor may choose to parlay (see below) several big favorites, which will increase the risk AND the payout of the wager.
The Spread and Moneyline are contributing factors for SportsInsights’ Steam Moves and Smart Money plays.
1st Quarter/Half Lines
Every major U.S. sport is broken down into division, whether it is quarters, halftimes, periods, or innings. Naturally, the bookmakers have made available wagers for these partitions, and for NCAA football, they are known as the 1st quarter and Halftime lines. As one might expect, the 1st quarter line is generally a quarter of the entire game’s line, while the first half line is usually about half of the entire spread. These lines are available at all reputable sportsbooks.
Halftime Lines
Halftime wagers are only available during halftime of the contest. Our Sportsbook Insider software helps bettors track how the halftime lines and halftime betting percentages fluctuate during the small window that is halftime.
Can You Bet On College Football
Team | Halftime Score | Halftime Spread | Final Score |
Duke | 10 | +10 | 28 |
North Carolina | 21 | -10 | 35 |
Halftime lines use the events of the 1st half to help determine how the rest of the game will play out. In this example, the bookmakers expect the Tar Heels to continue to dominate their rivals, however, the Blue Devils endure the 1st half deficit to help cover the halftime spread, despite losing the overall game. Halftime action can be a good way to capitalize on middle plays.
Totals
Another popular side bet for NCAA Football is the Total or Over/Under (O/U). The sportsbooks determine what they believe will be the total points scored by EACH TEAM and the bettor places a wager on the over or under of that total. The example below shows the final total for the 2011 Texas Bowl:
Team | Opening O/U | Closing O/U | Final Score |
Illinois | 61.5o -105 | 64.5o -110 | 38 |
Baylor | 61.5u -115 | 64.5u -110 | 14 |
Like many bowl games, the majority of bets in this contest were placed on the over, to the tune of 77%. In this instance, public money pushed the total line up three full points, while the final total landed under at 52. A wager of $115 on the opening under would earn a profit of $100 due to the increased juice originally placed on the under.
Can You Bet On College Football In Indiana
Parlay/Teasers
A parlay is spread, moneyline, or total bet in combination to increase the payout. In order for a parlay to payout, or hit, EACH one of the wagers must win. A teaser involves the same stipulations as a parlay, only you select a number of points to put down to decrease the risk (and reward) of a parlay. For example, if a proposed line is -7 (a popular number for football lines) and you have a 3-point teaser bet, your new line is -4. This 3-point advantage applies to each part of the teaser play. Below is a chart of the typical parlay payout structure:
# of Teams | Payoff |
2 | 2.64/1 |
3 | 6/1 |
4 | 12.28/1 |
5 | 24.35/1 |
6 | 47.41/1 |
7 | 91.42/1 |
8 | 175.44/1 |
9 | 335.85/1 |
10 | 642.08/1 |
11 | 1226.70/1 |
12 | 2342.79/1 |
13 | 4473.51/1 |
14 | 8541.25/1 |
15 | 16306.94/1 |