Best NFL Odds In Canada

The National Football League is great for Ontario residents that love online sports betting. A large commercial market of sports betting is going to be available for the first time with the upcoming 2022-23 season. Platforms like BetMGM, PointsBet, BetRivers, and theScore Bet should feature NFL betting odds for various markets.

Ontarians had single-event wagering through the 2021-22 NFL regular season and ensuing playoffs through PROLINE+. It was the only platform for bettors online in the province, owned by the Ontario Lottery and Gaming Corporation and the parent provincial government. That will still be available, but it will be seeing plenty of competition. Bettors will be seeing better odds and promotions with the additional platforms.

Best Sportsbooks for NFL Betting

There are a number of online sports betting apps to consider in Ontario. Some of the best options we recommend for placing NFL bets:

Sportsbooks will offer different futures odds throughout the season. DraftKings will feature a large number of special sign-up incentives and ongoing promotions for current users. Due to AGCO regulations, we are unable to provide specific details on what those are.

Mobile betting apps offer new users bonus incentives, such as an initial risk-free bet that will refund an initial losing wager in site credit. Therefore, you will want to stay abreast of when online sportsbooks enter the Canadian market.

Scanning multiple sportsbooks for odds can be time-consuming. Instead, view the live futures odds for the winner of Super Bowl 2023 right here. It is constantly updated to provide the best odds available for the outright winner at a particular sportsbook.

 

Where Can You Bet On The NFL In Ontario?

Ontarians can make single-event wagers with any legal online sportsbook app. Mobile sports betting platforms will take bets on the NFL and the Super Bowl. While the odds will be similar across the different brands that become available in the Ontario market, you stand to benefit by finding the best available odds.

When it comes to the NFL, commercial sportsbooks offer competitive odds and bonus offers to entice new and returning bettors to their apps. However, one book’s particular incentives and odds may appeal to one bettor while the offerings of another book may attract another bettor. Therefore, it’s a good idea for you to familiarize yourself with multiple mobile sportsbooks.

Learn More About Ontario’sOnline Sportsbooks

The legalization of online betting opens up the Canadian market for some of the most popular and recognized brands to debut. The following books don’t represent an exhaustive list of sportsbooks that could become available to Canadians, but they’re among the most prominent in the sports gaming industry.

BetMGM

MGM is one of the premier casino and sportsbook brands in the industry, and Ontarians can expect to have access to BetMGM’s user-friendly experience and attractive offerings. 

BetRivers

BetRivers has a long track record of success in US markets, and its upcoming Ontario launch will bring a bettor-friendly sportsbook to gamblers across the province.

PointsBet

PointsBet has a history of excellent player promotions and a strong live betting slate. When it launches in Ontario, expect a solid array of betting options and an easy-to-navigate app.

How NFL Betting Odds Are Calculated

There are a number of methods through which a sports fan can wager on a sporting event, such as the NFL Super Bowl. Among the most common and popular methods is referred to as “moneyline” bets, in which the number is accompanied by a minus (-) sign to indicate the favorite or a plus (+) sign to indicate the underdog.

For instance, in a game in which the Buffalo Bills are favored to win, their moneyline odds may be -120. In this case, you would be required to put up $120 for the chance to net $100 in the event of a Bills’ victory. 

If the Bills are the underdog in a particular matchup, their odds may be +120. In this scenario, you would put up $100 for the opportunity to net $120 for a Bills’ win.

Sportsbooks set the opening lines, relying on a variety of factors to arrive at a particular number. Most commonly, odds are adjusted in relation to the money being bet on a particular side so the books can balance their risk. However, there are instances, such as an injury to a prominent player, that trigger significant line movement.

NFL Futures Odds

 

Different from an individual game, a futures bet commonly focuses on the odds of a team winning a championship. For example, the Bills could have Super Bowl odds at +750 on FanDuel and DraftKings Sportsbooks. This is because it’s harder to determine who is going to win a long-term bet than who can cover the spread of a single contest.

Futures odds are set following the conclusion of the previous season. These odds will fluctuate throughout the offseason and season based on a number of factors. A string of injuries or a key player acquisition can lead to a shift in these odds.

What Kinds Of Bets Can Be Placed On The NFL?

Moneyline and futures bets are among the most popular in the sports gaming industry, but they hardly represent a comprehensive list. Therefore, you will want to familiarize yourself with a number of different bet types.

Totals (aka “Over/Under”)

You can wager on the total score of a game finishing over or under the set number. If a particular game has an over/under of 48.5, you would want to see the two teams combine for at least 49 points.

Point Spread

A point spread bet takes a moneyline wager a step further. It requires a team to “cover” a set line. For example, if the Bills’ line is set at -2.5, they would need to win their game by a margin greater than 2.5 points. In reality, that means they would need to win by 3 in order to cover the 2.5-point spread. Conversely, if the Bills are the underdog at +2.5, they would need to lose by no more than 2 points in order to cover.

A 28-25 victory at -2.5 would cover the spread, but a 28-26 victory would not. Also, losing 28-26 at +2.5 would cover the spread, but losing 28-25 would not.

Parlay Bets

Up until the legalization of single-game bets, parlay wagers were the only way for Canadian bettors to get in on the action. In a parlay, a bettor chooses multiple bets for one ticket and each would need to hit in order for the parlay to pay off. The odds of winning a parlay lengthen with each added bet, but the payoff increases as well. That’s what makes parlays so appealing for some bettors.

How To Place Prop Bets On The NFL

A prop bet is a wager placed on the occurrence of a particular event that doesn’t necessarily affect the outcome of a game. It can be tied to an individual player, such as an over/under bet on whether a player will score a touchdown, or it can be team-focused, meaning you could bet on which team would score first. There is a wide variety of prop bets from which bettors can choose.

A good place to start for player props is each sportsbook app. Individual game prop offerings are generally more plentiful during bigger and one-off events, especially the Super Bowl.

How To Bet On The NFL In Ontario

Generally speaking, each of the sportsbook apps now available requires bettors to follow a few steps before placing any wagers. You’ll be following these steps en route to submitting your first bet for many available Ontario online sportsbooks.

Download the App

Nearly all sportsbooks will have a native app for Apple iOS and Android devices. Check out our sportsbook reviews to determine which platforms fit your needs. Make sure to take advantage of any welcome promotions to get a sign-up bonus when they are available. The sign-up process may occur before or after the app is installed on the device.

Register for a New Account

The next step will require new users to register an account with the app. This process may require the disclosure of personal information including date of birth and address for identity verification purposes.

Make Your First Deposit

Once you are registered, click on the “Add Funds” tab (or similar) at the top right of the main lobby. You’ll need to provide proof of age and identity before you can put money in your account. There are a number of ways through which you can deposit funds. Three of the most common methods are debit card, online banking, and PayPal.

Place Your First Bet

Choose the sport and matchup you’re looking to place a wager on. From there, click on a line, which should appear on the bet slip to the right. Next, enter the amount you want to bet, click on “Place Bet” (or equivalent), and then your wager should go through.

While certain processes may vary slightly from app to app, you can expect to follow a similar set of steps whether you are betting through DraftKings’ platform or another brand within the market. 

How To Bet On The Super Bowl In Ontario

Futures bets allow you to wager on who will win the Super Bowl and other sports championships. However, betting on the Super Bowl won’t be limited to futures wagers or a bet on one particular side to win or cover. Prop bets are especially popular during the Super Bowl, and there is a long list of bets on which you can wager. You will be able to bet on the Super Bowl even though there aren’t any NFL teams in Canada.

NFL Conference Championship Odds

 

NFL Partnerships

In August 2021, the NFL announced partnership agreements with FOX Bet, BetMGM, PointsBet, and WynnBET, naming them “approved sportsbook operators” for the 2021 NFL season. Under the terms, each of the sportsbooks is eligible to purchase NFL in-game commercial units and other select NFL media inventory.

Additionally, individual teams have struck deals with sportsbooks. For instance, the Washington Commanders forged a partnership with FanDuel Sportsbook, and the Baltimore Ravens teamed with Caesars Sportsbook. The Buffalo Bills are partners with both FanDuel and Caesars.

NFL Odds FAQ

How are Las Vegas betting odds for the NFL calculated?

Oddsmaking is a complicated and challenging process that involves the analysis of a lot of qualitative and quantitative data. Once an opening line is set, the odds will adjust based on how much money lands on a particular side of a bet and who the bettors are.

Will Ontario's legal sportsbooks offer bets on the NFL?

Yes, all sportsbooks offer betting odds on the NFL. This is one of the most popular sports leagues in North America, so all sports betting platforms will have ways to bet on the pigskin. This includes game-by-game odds, futures odds, and team and player props.

How popular is betting on the NFL?

The NFL is one of the most popular sports leagues in North America, drawing huge crowds and massive television viewership. Many of the millions of NFL fans enjoy the extra emotional investment that comes with a monetary wager.

Does the NFL have any partnerships with a sportsbook?

Yes. The NFL has partnerships with multiple sportsbooks, including DraftKings and BetMGM. It’s in complete contrast to just a few years ago when the NFL did not want its image associated with any form of sports gambling.

Who has the best odds on the NFL in Ontario?

There isn’t one particular book that will have the best odds on the NFL. You should shop around for the best odds on the team(s) you want to back. While the odds will generally be similar across different books, you can find the best values with a little extra effort.

Does DraftKings offer odds on the NFL?

Yes. DraftKings offers odds on the NFL. DraftKings will be among the most prominent brands in the industry, so you can expect to find some of the best features available in the market.

About the Author

Craig Williams

Craig Williams is a Charlotte-based sportswriter who has worked professionally in the gaming, fantasy, and sports business industries. He’s an avid fantasy football player, managing over 100 leagues across multiple formats. When he’s not pouring over Vegas odds and statistics, he’s indulging in soccer and enjoys anything from LigaMX to Champions League.