The Canadian Football League (CFL) offers a unique and exciting betting experience, distinct from the NFL due to its different rules, larger field, and shorter season. With nine teams competing in a fast-paced and competitive environment, CFL betting can be highly rewarding if approached with the right knowledge and strategies. This guide covers the different types of bets, offers tips, explains betting odds, and outlines effective strategies to enhance your CFL betting experience.
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Types of Bets in CFL
Moneyline Bets – Moneyline betting is straightforward: you pick the team you believe will win the game. Each team is given odds based on their perceived likelihood of winning. Example:
Calgary Stampeders: -150
Saskatchewan Roughriders: +130If you bet $150 on Calgary and they win, you would profit $100 (plus get your $150 back). If you bet $100 on Saskatchewan and they win, you would profit $130 (plus get your $100 back).
Point Spread Bets – Point spread betting involves wagering on the margin of victory. The favorite must win by more than the spread, while the underdog can lose by fewer points than the spread or win outright for the bet to win. Example:
Toronto Argonauts: -4.5 (-110)
Edmonton Elks: +4.5 (-110)If you bet on Toronto, they must win by 5 or more points for you to win your bet. If you bet on Edmonton, they must either win the game or lose by 4 points or fewer for you to win.
Totals (Over/Under) Bets – In totals betting, you wager on whether the total combined score of both teams will be over or under a number set by the sportsbook. Example:
Over 52.5 points (-110)
Under 52.5 points (-110)If you bet on the over, the combined score of both teams must be 53 or more points for you to win. If you bet on the under, the combined score must be 52 or fewer points for you to win.
Prop Bets – Proposition bets, or prop bets, focus on specific events within a game that do not necessarily affect the final outcome. Examples include betting on the number of touchdowns a player will score, the number of yards a quarterback will throw, or which team will score first.
Futures Bets – Futures bets are long-term wagers placed on events that will occur later in the season, such as which team will win the Grey Cup, who will be the Most Outstanding Player, or which teams will win their respective divisions.
Parlay Bets – A parlay bet combines multiple bets into one wager. All selections must win for the parlay to pay out. The potential payout is higher than if you placed each bet individually, but the risk is also greater. Example:
Calgary -150
Toronto -4.5 (-110)
Over 52.5 points (-110)If you parlay these three bets and wager $50, the potential payout is higher than if you placed each bet individually. However, all three bets must win for you to receive a payout.
Teaser Bets – A teaser bet allows you to adjust the point spread or totals in your favor in exchange for a lower payout. This bet combines multiple selections like a parlay. Example:
Adjust the Toronto spread from -4.5 to -1.5
Adjust the over/under from 52.5 to 49.5If you place a teaser on these two bets and both cover the adjusted spreads, you win your teaser bet. Teasers offer more favorable spreads but reduce the potential payout.
CFL Betting Odds
CFL betting offers a rich and diverse landscape for sports bettors. By understanding the different types of bets, conducting thorough research, and employing effective strategies, you can enhance your betting experience and improve your chances of success. Remember to bet responsibly, manage your bankroll wisely, and enjoy the excitement of Canadian football betting.
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