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The CFL is similar to the NFL, but its processes and rules could be quite different. As a result, it is essential for bettors not to use the strategies used in wagering on the NFL to wager on the CFL.
We held an interview session with betting expert Tim Harrison, who has now provided an insight on how to wager on the Canadian Football League. You will also find the best betting platform to wager with excellent bonus programs in Canada. See it here to discover more.
Betting Markets in the CFL
Punters can wager on different betting markets in the CFL, and it is essential to understand how they all work. Knowing how they work helps a punter decide which will work better. Here are some of them.
Moneyline Betting Market
With the Moneyline betting market, you can wager on the winner of a game. This betting market usually has two outcomes: either the home side wins or the away side wins. This betting market is the same as the 1X2, but we can hardly see a CFL game end in a draw. So, the betting market could be more of a 1 2 betting market.
If you want to wager on this type of market, you must do your research to get the records of the games between the two sides. Also, checking the team’s form and the streak is essential to select who you think is best to win.
Total Points Betting Market
For the Total Points betting market, you will wager on the total points scored in a game. This betting market is also known as the Over/Under market, and you will predict the number of points both teams will score when you add them together.
Usually, a sportsbook will set a particular number of points they think will end a game with the set mark usually in decimal. Depending on their predictions, you will see 47.5, 55.5, or 60.5. So punters will then wager on Over or Under these numbers.
For instance, the Winnipeg Blue Bombers beat the Hamilton Tiger-Cats 33-25 in the 2021 Grey Cup. If a sportsbook had placed a mark of 60.5 for the Total points market, wagering on Over 60.5 would see you lose the bets. But wagering on Under 60.5 will see you win the bets because the game ended with 58 points.
The main focus is that when you wager on the Over betting market, you are predicting the points that will end a game will be greater than what a sportsbook has set. But wagering on the Under betting market means predicting that the total points ending a game will not be up to what the sportsbook has set.
Point Spread Betting Market
The point spread betting market is another gambling market with a different option. Here, you will wager on the number of points you think a team will use to beat the other. Usually, sportsbooks also set this in decimal, and you could have numbers like -7.5, +7.5, -6.5, and others. It could also be a whole number, depending on the sportsbook. The favorites usually have the negative sign in front of their odds, while the underdogs have a positive sign.
Using the Blue Bombers vs Tiger-Cats example, the Winnipeg side beat the Hamilton side by 8 points. The Blue Bombers won by 8 points higher than the set value. So to wager on this type of market, you will win when you bet on the -7.5 point spread to back the Blue Bombers. If the wager on the point spread and the Blue Bombers won by a lower number than 7.5 points, you would lose the bet.
Instead of betting on the regular Moneyline, Point Spread, and Total points bets, you can wager on props. Here you are not concerned about the game’s outcome but only about some specifics.
For instance, you can wager the team to have the first or last touchdown. You can also bet on the total passing yards and others.
It is a more long-term betting option. With this bet, you can wager on the Division winners, Gray Cup winners, and other series winners. The 2022 season has already started, and you can easily bet on who will win the divisions right from now. Then, you will need to wait for the outcome of your bets later in the season.
How to Wager on CFL Games
There are different steps to follow in wagering your CFL games. Here are some of them.
Choose a Sportsbook and Register an Account
You cannot wager without a betting platform. So it would help if you chose a sportsbook of your choice. It is essential to explore many sportsbooks to see the ones that offer the best odds. Also, experts recommend checking out the sportsbooks that provide premium promotions to have the best betting experience.
Once you decide on the sportsbook to wager with, you should register an account with them. The processes are always swift and will be done in a few minutes.
Fund your Account
You cannot wager without money, so it is vital to deposit funds into your account. Use one of the available payment methods on the website to fund your account. Usually, the process takes only a few minutes.
Select your Picks
Bookmakers have various games in the sports section of their website and the CFL is only part of this section. Go to the sports section of your bookmaker, or choose a bookmaker from the list of best betting sites in Canada, find the Canadian Football League there and select the event you want to bet on. After that, select your bets by clicking on the odds associated with the team you want to bet on. You can choose as many predictions as possible to bet on. At the same time, you should know that the more bets you place, the higher the probability of losing.
Enter the Stake Amount
Finally, enter the stake amount you want to wager on and submit your bets. From here, all you need to do is wait for the outcome to determine if you win.
Best Betting Strategies for the CFL
Here are some of the best betting strategies for the CFL:
- Do proper research before wagering on a team. Check the form and streak as well as the players available. Also, check the records.
- Explore different betting markets. You don’t have to stick to the Moneyline betting market that will put you under pressure. You can wager on props or outline winners to get the best out of your bets.
- You could sometimes wager on the underdogs depending on your analysis. Sometimes, the favorites could be overhyped. In this case, you could go against the market by wagering on the underdog.
- Choose the bookmaker with the best odds. It may mean you have to explore different bookmakers to find out. If you want the best returns, you should wager with the bookmaker with the most attractive odds.
- Have a budget and bankroll. It is usually recommended for punters to have a separate bank account for betting. It will help them to avoid spending all their money on betting. It is better to have a budget and stop once you exhaust it. In other words, you should bet with your head intact and not be overly emotional because betting can be tempting.
Wagering on the CFL is similar to gambling on the NFL, but you need to be familiar with the Canadian Football League to be a successful bettor. In addition, there are different betting markets to wager on, and bettors can choose the best that works for them. It is also vital to select the sportsbook that offers the best odds as well as the best sets of promotions to help you get the best out of your bets.