NFL betting sites between Ontario & the rest of Canada
After Canadian Parliament decriminalized single-event betting in 2021, Ontario opened their own regulated market of operators, but the rest of Canada is left to wager on NFL games online at their local lottery-owned sports betting providers, or in the so-called "grey market" at "offshore" sites. This can leave those outside Ontario vulnerable to scam betting sites.
If you are in Ontario, above our NFL odds, we show you the top legal Ontario sports betting brands. If you are outside Ontario, above the odds, we show you the top "grey market" NFL betting sites for the rest of Canada. All the brands that we recommend for the rest of Canada have moved to become licensed in Ontario, but you'll be playing on their "offshore" sites. Look for our Canadian sportsbook reviews to learn more.
Above, our odds provider feed is set to display the highest odds for the most popular betting markets for each NFL game. This is why you may see slightly differing handicap lines as associated to the odds. The sportsbook with the highest odds for one side of a bet will not usually also have the highest odds on other side of the bet. This explains why the point spread or total lines may not match perfectly.
These NFL odds come from different providers within the Canadian & Ontario context. Thus, these odds will look better on the whole compared to any individual betting provider. If you just want to get a bet down, you only need one betting account. However, if you want to get the best price on your football bets in order to maximize your potential winnings, you may wish to have accounts at several operators, and spend a little time on NFL odds comparison. SNBET also provides Super Bowl odds if you are interested in the biggest NFL futures betting market.
In NFL Moneyline betting, you are wagering on the outright winner of a game, without considering the point spread. The odds for Moneyline bets are presented in decimal format. Here's an example:
If you bet 100 units on the Patriots at odds of 1.75 and they win the game, you would receive a total payout of 175 units (including your initial stake). On the other hand, a 100-unit bet on the Cowboys at odds of 2.40 would result in a total payout of 240 units if they win.
In NFL Point Spread betting, the sportsbook assigns a point spread or handicap to each team to create a more balanced betting market. The odds for Point Spread bets are also displayed in decimal format. Here's an example:
If you bet on the Patriots at -7.5 points and they win by 8 or more points, your bet would be successful with a payout of 190 units for a 100-unit wager. Conversely, if you bet on the Cowboys at +7.5 points, they can either win the game outright or lose by 7 or fewer points for your bet to win.
In NFL Total betting, also known as the Over/Under, you are betting on the combined score of both teams in a game. The benchmark number is set by the sportsbook, and you can wager on whether the actual score will be over or under that total. The odds for Total bets are presented in decimal format. Here's an example:
If you believe the total score will be higher than 45.5 points, you would bet on the Over. If the actual combined score is 46 points or more, your bet would be successful with a payout of 185 units for a 100-unit wager. Conversely, if you expect a lower-scoring game, you would bet on the Under, hoping for a total score of 45 points or fewer.
Remember, odds can vary depending on the specific teams, their performance, and other factors. It's always essential to understand the odds and potential payouts before placing any bets.
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.