So you want to start football betting in Maryland, but you do not know where to start. Luckily for you, we have done all the hard work, creating an extensive guide to introduce you to the world of football betting.
Betting on football – Maryland sportsbooks
American Football has had a major impact on sports betting in the United States. Today, it is possible to wager on Football games at Maryland sportsbooks, and bettors from all over the state have the opportunity to bet on their favorite Football teams. Continue reading our guide below for a more comprehensive picture of how betting on this popular sport in Maryland works, including:
- Type of Football Betting
- Advantage and Disadvantage of Football Betting
- Tips for Beginners
- The Best Sportsbooks in Maryland for Football Betting
By the time you finish reading, you will be well-equipped to start football betting. There is no better time to start learning!
Best Maryland Football betting
FanDuel Football betting
While they started as an idea in Texas in 2009, FanDuel Maryland has quickly grown into a multibillion-dollar industry. How? They provide a streamlined platform for sports betting in MD, and they are a top choice for football betting. FanDuel is currently running a signup promotion that gives you your first bet risk-free (up to $1000).
PointsBet Football betting
If you like to move fast, you will be more than thrilled with PointsBet Maryland. Fast is a priority for them, especially with bets, withdrawals, and rewards. With PointsBet, you get two risk-free bets on sign-up: your first Fixed-Odds bet up to $500, and then your first Pointsbetting bet up to $1,500.
DraftKings Football lines
Draftkings Maryland is committed to ensuring your betting experience operates under a system that is both safe and secure, and they are always looking forward. They have been around long enough that their name holds weight, but they have not been left behind as technology advances.
Instead, they constructed seamless websites and app experiences to ensure you have a great time. DraftKings will credit your new account with a $500 betting bonus once you deposit at least $5.
BetMGM Football odds
When two industry leaders combine, you know it is going to be good. BetMGM Maryland is the partnership between MGM Resorts International and Entain Holdings that aims to offer you an expansive and immersive betting experience built on transparency and opportunity.
BetMGM offers you your first bet (up to $500) risk-free.
Basics of Football betting in Maryland
Before you can place your first bet, you need to understand how betting works, including how to read odds and the different types of bets you can place.
How to read Football odds MD
When you are faced with odds, you will see a number that has either a positive sign or a negative sign in front of it. The odds tell you how much money you will receive, but they communicate differently depending on the polarity of the sign.
If the odds begin with a positive sign, then this is the amount you will win if you bet $100. So if the betting odds on a team winning are +150, you will receive $150 on top of your initial $100 bet if they win.
Alternatively, odds beginning with a negative sign mean that you will need to bet that amount to win $100. So, for example, if a team has odds of -250, then you will have to bet $250 to have a chance of winning $100 (if they win).
While these numbers work with 100 as a base unit, that does not mean you need to bet in increments of $100. Instead, the baseline just provides a uniform way of communicating the betting ratio.
It is also worth noting that the smallest number indicates the party that is favored to win, and the largest number is the underdog. Bet risk increases as the number increases. If you are looking at two teams with odds of -250 and +150, then the lower number (-250) is the team that is favored to win, while the larger number (+150) is expected to lose.
Types of MD Football betting
If you are new to betting, you should know that there is more to it than just predicting which football team will win a game. There are several ways to play with odds, and there are countless things you can bet on. The most common types of betting related to footballs are:
- Point spreads
- Teasers and pleasers
- If Bets
- Futures bets
- Prop bets
- Betting options for the NFL in MD
While each type has its own set of strategies, understanding the basics of each can help you determine exactly how you want to participate in football betting.
Football point spreads – Maryland
Point spreads are one of the most popular forms of football betting. They work like this:
In a game, the two teams are assigned a handicap depending on several factors. The handicap comes in the form of a positive or negative sign, along with a number that indicates the point spread. The odds for these bets tend to sit at -110.
For example, if The Ravens are shown with a point spread of -7 that means they are favored to win the game by a touchdown (7 points). For you to win by placing a bet on them, they must win the game by more than seven points. If they win by only seven, then it results in a push, and the initial bet is refunded.
Football Moneylines – Maryland
This is probably the most familiar form of betting. With moneylines you pick who will ultimately win the game. Each team has odds based on the probability that they will win. You can play it safe, bet on the favorite, and get a lower payout. Or you can risk a little bit more, bet on the underdog, and potentially walk out with a larger payout.
Moneylines are a good option if you are confident in who will win the game but not so sure about specific details like the end score. Of course, there is a lower return, but that is better than a loss.
Football Over/Unders in Maryland
Over/unders are also referred to as totals. In this type of betting, the oddsmaker will create a number based on the total points that they believe will be scored by both teams. You bet by deciding whether you believe the combined final score will be over or under that amount.
For example, in a game between the Ravens and the Steelers, the oddsmaker determines an O/U of 46, and you decide to bet under. For you to win, the score would need to be 45 or less.
Again, this is a great option if you are not too sure about certain schematics of the game. You do not even need to think about who will win the game, just the end score.
Football parlays – MD
A parlay is placing a bet on multiple outcomes. They are higher stakes because, in order to win, you must predict all the outcomes correctly. This can be something like determining which team will win in two separate games, but even if you predict one game correctly, you lose the whole bet if your other pick loses.
You are not limited to only two variables, either. The more variables or selections you have to choose, the higher the payout will be. After two or three variables, it becomes significantly more difficult to lose, but if you do win, the rewards are massive.
Football teasers and pleasers – Maryland
Teasers and Pleasers also deal with multiple outcomes, but they lessen the risk by including point spread selections or total selections. Because those are more easily managed bets, your risk goes down (as well as your reward).
If Bets/Reverse bets – Maryland Football betting
Another multiple outcome bet with lower risk is an If Bet. When placing an If Bet, you evaluate each section of the bet. These run in order, so you must make sure that you order your selections based on how much confidence you have in them.
For example, you bet on three games. If your pick fails to cover in the first game, you lose your bet. If they succeed, then the initial stakes roll over to the second game, and your payout from the first game banks. So even if you lose your bet on the second game, you still get to keep the payout from the first.
A Reverse Bet basically functions the same way, but there is no required order.
Football Futures in Maryland
Futures are fun bets that do not necessarily need much know-how to predict. These are where you lay down money to predict things like:
- Who will win the Superbowl?
- Who will be the district champion?
- Who will be the Ravens MVP?
Futures are offered long before most people are thinking of these things, and the further out you place your bet, the larger the potential reward. They are not a great choice for tying up your entire bankroll, but starting the season with a few is not a bad idea.
Maryland Football Prop bets
Prop bets are basically another form of “fun bets” that can be made over anything related to the game. These take many forms, but the most common are:
- Yes/no situations like “will there be a touchdown in the first half?”
- Two possible outcome situations like “which team will score first?”
- Multiple possible outcome situations like “which player will score the most points?”
This is more guesswork than other betting types, but you can use your knowledge base to make predictions.
Live/In-game Football betting in Maryland
While there once was a time where all bets were off the moment the game began, the increased adaptability of oddsmakers led to more opportunities to bet as the game progresses.
These bets tend to have odds that update as the game progresses, and they can be a bit all-encompassing if you get sucked in.
Football Betting in Maryland: Advantages and Disadvantages
Regardless of how you see betting, it has advantages and disadvantages that you cannot ignore.
Advantage: Extensive opportunities
When you have more opportunities, you can gather more knowledge to feed your predictions, but you can also bet on more events. If you can do this successfully, it pays off.
Football is the most popular sport in the United States. From beginning to end, odds are you cannot go a day without learning something about the season, even if you are not searching for the information.
The wide coverage base means you have an endless pool to drink from when making decisions. There is little you cannot uncover to create a complete image surrounding the situation you are betting on.
Unfortunately, plenty of bets regarding football fall victim to unpredictable circumstances like injuries. We should not be surprised; this is what makes football so exciting.
This is why it is important not to put your entire bankroll on one bet. You never know what might happen.
Disadvantage: Experienced bookmakers
Betting today is not the same as it was decades ago. Those calculating the books and odds have more complex ways of organizing their information, and they have had plenty of time to refine their methods.
Working against the odds constructed by an experienced bookmaker can pay off big time, but they certainly do not calculate the odds in their own favor.
Football betting in Maryland: Tips for beginners
If you are just starting out betting, here are some football betting tips to help you hit the ground running.
Set a budget
Set up a specific fund for football betting in Maryland. This should be an amount that you can afford to spare. Meaning, if you lost the entire amount, it would not affect your day-to-day life.
Setting a budget in this way helps keep your mind clear when making bets. You already know how much you have available to risk, and you will not end up trying to recover the funds you need.
Study the Football game
You should have a basic understanding of football before making any bets. Otherwise, you are handicapping yourself.
Stay up to date on the game, keeping track of things like:
- Match reports
- Major incidents (injuries)
Even minor details like a player’s personal issues can influence any decisions you make.
There are obvious influences, like the strength of a team’s offensive and defensive lines, and there are less obvious factors. These include:
- The cohesiveness of the team
- Coaching style
Understanding how these things affect outcomes will help you make better decisions.
Work on predictive skills
Even if you are not actively making bets, you can make predictions. This is a no-risk way to test and place your skills, and it pairs nicely with the next tip.
Track your results
Keeping track of your results is an effective way of determining your track record, along with your financial losses and gains.
You should also track any motivations for your decisions. You should track both the predictions you make when betting and predictions made for practice.
Pay attention to your gut
Instinct is not everything, but it is there for a reason. The more information you pour into your brain, the more you train your instinct to subconsciously analyze information.
If all else fails, paying attention to your gut instinct may prove to be fruitful.
Taking the time to learn as much as you can about football betting in Maryland puts you ahead of anyone else who wants to take a risk. Learning about the basics of football betting creates a firm foundation. Make sure you keep your knowledge sharp and listen to our basic tips, and football betting will be a fun, lucrative experience.
FAQ’s About Football betting in Maryland
How big should your bankroll be when starting with football betting in MD?
The size of your bankroll is determined by the amount you can spare without batting an eye. It should be sizable enough that you can place bets without putting pressure on your budget. Utilizing the sign-up bonuses from online NFL sportsbooks is a great way to stretch your initial bankroll.
Is football betting dangerous?
Football betting itself is not dangerous, especially when you make use of online sportsbooks to protect your finances. Betting is a known addictive behavior, so going into it with awareness and boundaries is a good idea.
Which betting types are the best to start with?
When you are getting started with football betting in Maryland, you should stick to betting types that line up with what you know and run a lower risk. Prop bets, reverse bets, and if bets give you ample lower risk opportunities to win. For example in NFL Draft betting.
Should I stick to one online Football sportsbook?
Not if you can afford it. Using different football sportsbooks gives you a greater variety of betting chances. Each football sportsbook also calculates its own odds, so you may find that one will have a better payout on the same betting opportunity.
Does football betting support the community?
On top of offering the chance to improve individual financial situations, football betting in Maryland will create revenue that goes to funding public education in the state.