Sports betting has been legal in Louisiana for a year and it’s about to go live as soon as next month.
This month, 13 casinos applied for sports betting licenses and up to 20 licenses will be granted. The other seven casinos have until January 2022 to apply. 55 of the 64 parishes in Louisiana will have sports betting very soon.
Most major sportsbooks will be in Louisiana shortly, among those the likes of Caesars, FanDuel, DraftKings, and several other large sportsbooks. Louisiana bettors will be able to bet online and at retail sportsbooks and can find NFL odds directly through sportsbook’s mobile apps as well as their websites.
NFL Betting Comparisons Among The Best Sportsbooks
|Sportsbook||Current Bonus||Why we like it for NFL Odds|
|DraftKings||$50 free bet + $1,000 deposit bonus, matched up to 20%||DraftKings has built up a big name for themselves, particularly through daily fantasy. Now, its sportsbook is known for offering great odds for futures and for promoting creative odds boosters and teasers.|
|Caesars||First Bet Match Up To $1,001||Caesars has quickly become one of the bigger names among all sportsbooks. When it comes to NFL spread odds and odd boosts, Caesars is one of the best around.|
|FanDuel||$1,000 risk-free bet||FanDuel is one of the most renowned sportsbooks in the US. FanDuel provides competitive NFL odds, especially on the money line, and they boast a wide variety of prop bet and odds boosters.|
Where Is Sports Betting Available On The NFL In Louisiana?
Major sportsbooks are expected to go live soon in Louisiana and all of them will take bets on the NFL as well as Super Bowl future bets.
Each of these sportsbooks offers competitive odds; however, FanDuel and PointsBet are two of the better sportsbooks to go with when it comes to odds.
PointsBet provides many odds boosters and special promotions for the NFL, giving them slightly more variety than their competition.
Online Sportsbooks In Louisiana
Online sportsbooks will launch in the near future. Some of the more prominent online sportsbooks include:
As for Retail Sportsbooks, so far only Paragon Casino Resort Sports Betting exists in Lousiana, however, expect there to be more retail sportsbooks to launch not too long from now.
Caesars Entertainment oversees Caesars Sportsbook and is partnered with Harrah’s New Orleans and other large sportsbooks like FanDuel and others could launch partnerships with retail sportsbooks in Lousiana.
How Sportsbooks Calculate NFL Odds
NFL Betting Odds are almost always displayed as American odds when it comes to sportsbooks in the US.
These odds are formatted in a way that shows how much a bettor would win based on a $100 bet. American odds start with a minus (-) sign when displaying the favorite and a plus(+) sign for the underdog.
When placing a bet, your payout amount is straightforward because if the odds are displayed at +300, you will receive a payout of $300 on a $100 bet. This bet would mean you’ll profit $200 and walk away with $300 after risking $100 on the wager. If you bet on the favorite with odds of -170, this indicates that you’ll need to bet $170 to win $100.
These odds are calculated using a combination of implied probabilities and added “juice” or “vig”, which is the cut that the sportsbook takes on each bet. Odds are based on how the sportsbook value’s one team compared to their opponent.
Odds and lines are also heavily influenced by how many people are betting on a certain team. For example, if the majority of bettors are wagering on a particular favored team, then their odds would diminish and payouts would decrease to shift the balance.
There are key events that can change the odds, such as if a star player gets injured, this can sway the odds.
Other factors that impact the odds include home-field advantage for an NFL team, the weather, or how the teams have been performing recently. Sportsbooks determine how external factors and historical data and statistics should affect the odds to make them as accurate as possible.
NFL Futures Odds
A futures bet is a bet for an event that will occur many games in advance, usually regarding a championship or other significant events such as a playoff game or an award winner.
For the New Orleans Saints, their current Super Bowl odds sit at +4000, according to FanDuel Sportsbook.
The Saints are playing well at 4-2 but trail the division-leading Tampa Bay Buccaneers. If the Buccaneers retain their division lead by the end of the season, the Saints would be a wildcard team, thus giving them a harder path to the Super Bowl.
What kind of bets can be placed on the NFL
In Louisiana, you can choose from a wide range of NFL bets, and various sportsbooks offer many bets to match your preferences perfectly.
These are typically the most common bets for every NFL game:
Point Spreads: The sportsbook determines the favorite in the game and the underdog, and the spread is the number of points the favorite is expected to win by. The favored team is followed by a minus sign (-) and the point margin.
If you place a bet on the favored team, they would need to win by more than the listed amount of points for you to win the bet. If you bet on the underdog, listed next to a plus (+) symbol, they would need to come within the listed amount of points for you to win the bet in this case.
Money Line: In a money line bet, you are betting on which team you think will win the game. The margin of victory is irrelevant as money line bets are based on picking one team to win while the other team loses.
Totals (or Over/Unders): Typically referred to as the Over/Under (O/U) or the total, these bets have to do with the total amount of points scored in a game by both teams combined. You can either bet that the total points go over the amount set by the sportsbook or that it fails to reach that number and hits the Under.
Parlays: This is when you make multiple bets on a bet slip to increase your payout. In this type of bet, if just one of the bets loses, you lose all the money risked, and all bets on the parlay have to win to receive the total payout.
How To Place Prop Bets On The NFL
A prop bet is a bet that doesn’t involve the overall game result but rather a minor event or set of events within the game. Prop bets sometimes involve an individual player’s stats or combined stats from all players, such as the number of total yards thrown for a quarterback or total penalties committed in the game by both teams.
They can also relate to a specific event or play, such as the first player to score a touchdown. Prop bets can also center around player awards such as NFL Offensive Rookie of the Year or Super Bowl MVP.
Last year, there was a prop bet about which color gatorade would be dumped on the winning coach. It turned out to be blue, which had odds of +650 entering the game.
This was a pretty random bet and you can bet on this kind of prop bet and a lot of other interesting ones in the upcoming Super Bowl.
How To Bet On the NFL In Louisiana
The launch of sports betting in Louisiana is right around the corner, and once available, it will be straightforward to place bets on the NFL.
There will be several sportsbooks to pick from in Lousiana, including FanDuel sportsbook.
- For FanDuel sportsbook, you’d first have to download the mobile app onto your phone.
- Create an account where you’ll provide your personal details, banking details, and identity verification.
- Using your selected payment method, deposit funds into your FanDuel sportsbook account and use a bonus or promotional code if applicable.
- Navigate over to NFL bets and make your first bet.
How To Place Super Bowl Bets In Louisiana
Hopefully, by February, bettors will be able to wager on the big game from Louisiana. If you decide to place a futures bet on the Saints to win the Super Bowl, it will mark their first time back in over a decade.
Back on February 7, 2010, the Saints defeated the Colts in Super Bowl XLIV in one of the more entertaining Super Bowls in recent history. Even if the Saints don’t reach the Super Bowl, you will still be able to bet on it once sportsbooks go live.
Assuming sportsbooks go live sometime soon, you’d be able to bet on many prop bets, such as the Super Bowl MVP, the number of yards the star running back will rush for, and much more. You could even bet on special prop bets about how many commercials will run or about what the first song will be at half-time.
NFL Existing Partnerships With Sportsbooks
On August 30, the NFL announced partnerships with four major sportsbooks, including WynnBet, BetMGM, and PointsBet. The NFL already had existing partnerships with Caesars, DraftKings, and FanDuel, and you can expect to see all seven of these sportsbooks in Louisiana.
These partnerships give select sportsbooks the exclusive right to purchase NFL in-game commercial units and other select NFL media inventory. Other sports leagues also have existing partnerships that deal with exclusive rights, and the NFL is one of the latest leagues to expand upon their partnerships.
NFL Odds And Sports Betting FAQs
Not yet, because Louisiana’s sportsbooks have not gone live so far; however, sportsbooks could go live very soon, even as early as November 2021.
Extremely popular, an estimated 45 million Americans plan to bet on the NFL this season.
Harrah’s New Orleans in Caesars Superdome, the home of the Saints, would be the closest sportsbook.
Yes, the NFL has partnerships with seven sportsbooks: Caesars, FanDuel, DraftKings, WynnBet, BetMGM, and PointsBet.
Yes, and they are expected to launch their sportsbook very soon with available betting for college sports.
Yes, and they are expected to launch their sportsbook very soon with extensive college sports betting.