How to Bet On Sports > How to Bet on College Football

Some of the best futures bets fot college football are the Rose Bowl, the Sugar Bowl, and the Orange Bowl. All the biggest games will have great futures options months in advance. Because there is an. Betting on college football and professional sports is still not federally legal, but residents in more than 20 states can place bets at live sportsbooks. Most other states in the U.S. Have introduced some sort of.

“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:

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:

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.

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:

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.

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:

Betting on football is the biggest part of the growing US sports gambling market. That’s due largely to tremendous interest in betting on the NFL, but also because of the games that take over Saturdays in the fall for sports fans: collegefootball.

Read on for more information about betting on college football legally in the US and the market for it in the states.

Where can you legally bet on college football in the US?

Where To Bet On College Football Games 2019

College football betting used to be legal only in Nevada. But now, it’s legal in a variety of states around the country.

Here’s the current list of states where you can bet on sports, in general, (or will be able to in the near future), and wager specifically on college football:

A number of states have considered either a ban on collegiate sports entirely or a ban on betting on events involving schools in that state.

New Jersey is the only state where a ban on in-state collegiate events and in-state colleges exists. Nevada used to have a ban on betting on in-state schools — UNLV and the University of Nevada — but that ban has since been rescinded.

Here is a quick look at college football betting in some key states:

College football betting in Nevada

If you want to bet on college football in Nevada, you’re in luck, because there is no shortage of options. More than 100 sportsbooks are available; many in the population centers of Las Vegas and Reno.

Almost every sportsbook also offers a betting app where you can wager.

There is also a bowl game in the state every year: the Las Vegas Bowl. It pits teams from the Mountain West Conference and the Pac-12 Conference.

College football betting in New Jersey

College football betting is undoubtedly a big part of the pie in New Jersey, because of the massive interest in college football generally.

But that is not because of interest in the in-state teams. Rutgers sometimes makes a bowl game but is usually not a player on the national scale.

Some of the online sportsbook options in New Jersey include:

College football betting in Pennsylvania

There are a lot of colleges in PA, so that should mean lots of interest in betting on them legally.

However, one college stands alone in fandom in the state: Penn State. It’s a huge state school that draws fans from across the state, even if they didn’t attend.

Penn State is often in the upper echelon of the Big Ten and ranked nationally, although it has never made the College Football Playoff. It has won the national title, but it hasn’t in decades.

Other schools, like Pitt, Temple and Villanova, also draw rooting and betting interest in the state.

Here are the options for online sportsbooks in Pennsylvania:

College football betting in West Virginia

Every other sport pales in comparison to West Virginia football in the Mountaineer State. And that’s especially true for betting on WVU football.

In fact, WV football is so big that it’s likely to be the single biggest driver of betting handle and revenue in the state.

Marshall University is also significant in West Virginia, and the team usually fields a competitive and sometimes very good football team that will draw betting interest.

Right now, there are two options for betting on college football online in WV:

College football betting in Iowa

Iowa is one of those states where betting on college football should be massive, especially as online betting gains traction.

The two-state schools, Iowa and Iowa State, are often excellent programs. And Nebraska, another program with a rabid fanbase, is just over the border, as well.

College football betting in Indiana

Indiana is another state with a lot of interest in betting on college football, mainly because it is the home to NotreDame. The private school is routinely in the national championship hunt and is a favorite to watch nationwide. Its home state makes betting on Notre Dame football big business.

Indiana and Purdue also field football teams and should draw a lot of betting interest from Indianans.

College football betting in Oregon

Oregon will not have college sports betting on the app from the state lottery. However, you will be able to bet on college sports at any tribal casino that opens up a sportsbook in the state.

Where does the NCAA stand on sports betting and betting on college football?

The group that oversees college athletics has been staunchly against betting on college sports for all of its existence; however, it has at least relaxed its stance in recent years.

The NCAA is still advocating for a federal ban on betting on collegiate events, or in state-level laws whenever possible. That’s despite the fact that there are billions of dollars already wagered on collegiate sports on the black market via local bookmakers and offshore sportsbooks that serve the US illegally.

Short of that, the NCAA and its member schools think the ban on in-state games for any state legalizing sports betting is also preferable.

The NCAA was the lead plaintiff in the federal court case that led to the end of the federal sports wagering ban. It joined the NBA, MLB, NHL and NFL as plaintiffs in the case against New Jersey, which was attempting to prove that the ban was unconstitutional.

While some of the professional leagues evolved their stance on legal and regulated betting before and in the wake of that decision, the NCAA has not.

The market for college football betting

It’s difficult to come up with exact numbers for how much Americans bet on college football.

Our best data comes from Nevada, where we know betting on football, in general, is king of all sports. The state does not break down wagering by pro and college football. But anecdotally, the breakdown between the two is about 50-50.

Bet On Nfl Games

While betting on the NFL is more popular, in general, there are more games at the collegiate level. There are more than 100 teams in the top echelon of college football — the Football Bowl Subdivision — with most of those playing on any given Saturday. That gives bettors more games they might be interested in betting on.

That dynamic could be different in other states, in that college betting could be more popular. The college teams in Nevada are not terribly good or popular in any given season, so interest in betting them is often muted.

But college football is hugely popular in many of the states that are legalizing sports betting. That’s especially true in the Midwest and the South, where there often isn’t a hometown pro football team to cheer for and bet on.

That includes the likes of West Virginia, Iowa, Indiana and Mississippi, where all have seen brisk college football betting as gambling became legal in each of those states.

As far as the illegal, offshore market go, again, good estimates are difficult to come by. The universe for all betting is tens of billions to $150 billion, depending on who is making the estimate. Certainly, billions are being wagered via illegally operating sportsbooks and bookmakers every week on college football.

College football schedule and the biggest windows for betting

The college football season ebbs and flows, and betting on it will do so as well. Here’s a look at how the calendar goes every year:

• Early season: When football returns, people love to get action on the games. While meaningful games are often in short supply early in the season, that doesn’t stop people from betting on games.
• Conference rivalries and top-25 matchups: Throughout the season, some games are bigger than most. When traditional rivalries take place in the Power 5 conferences— the SEC, the Big 10, the Big 12, the Pac-12 and the ACC — these are often huge in terms of how much will be bet. Similarly, when two rank teams play each other, there’s more action on those games because they will air on national TV. When these two variables coincide, that is a formula for a lot of betting at legal sports.
• Conference championship week: At the end of the regular season, most conferences feature championship games between the league’s top two teams. Because there are fewer games this weekend, that will likely translate to a lot of betting on high-profile matchups.
• Bowl season: Perhaps the best time of year for betting on college football is when the bowls roll around. The games feature matchups of teams that don’t often play each other and are usually on national TV. That translates to people wanting to bet on these games, whether at a sportsbook or in pick’s contests with friends.
• National championship playoffs: The three biggest games, in terms of betting in the US, will be the three games that pit the best four teams in the country. First, two teams square off in the national semifinals. The winners advance to a winner-take-all game for the national championship. Just like the SuperBowl, the final game of the season for all the marbles is also the biggest in terms of betting handle.

Legal betting on college football vs. offshore sportsbooks

How To Bet On Football Games

Not every sportsbook that will allow you to place bets on college football is operating legally in the US.

A variety of offshore sportsbooks serve the US market, including most of the states that have legalized sports betting. But those online sportsbooks are located outside of the US and operate in violation of state and federal laws.

How do you tell the difference? Well, the offshore sportsbooks that are commonly found by sports bettors are:

• Bovada
• BetOnline
• MyBookie
• Bookmaker.eu

Where To Bet On College Football Games To Play

None of these sportsbooks serve the US market legally.

The easiest way to tell if a sportsbook is legal and regulated in your state, there will usually be a logo of the state’s gaming board along with a link to its licensing. If a sportsbook says it is licensed by a country and not a state in the US, is not operating where you live legally.

The moral: Choose carefully when deciding where to place your bets on college football.

How to bet on college football

If you want to bet on college football, there are a variety of ways to do so.

If you’re relatively new to betting on sports, in general, you can read more about sports betting terms. But the most common means of betting on football include:

• Point spread bets: A sportsbook sets a line of how much one team will win by. A bettor will wager whether either team will be able to able to beat the spread, by winning or losing by more than the allotted number of points in the spread. If you bet on Alabama to cover a 3-point spread, for instance, they must win by 4 or points for a winning bet.
• Moneyline bets: This is a simple wager on who will win a game.
• Totals bets: A sportsbook sets a line on how many points will be scored in a game. A bettor chooses over or under that total.
• Futures bets: This is a bet on whether a team will win a conference or the national title, among other things, placed early in the season.
• Parlay bets: This is where multiple outcomes are wagered in a single bet. If a bettor chooses all the outcomes correctly, it results in a higher payout than betting them individually would. But more outcomes tied to a wager means it is more difficult for a bettor to win.