We know you’re here because you are interested in football betting in Maryland, and we have done our best to put together a one-stop guide for getting started. This article will look at the key things you need to know about football betting and the best online football sportsbooks out there in MD.
Football betting guide MD
After reading this guide, you should know enough about football betting in Maryland to get out there and get started. Choose at least two sportsbooks to start, and be sparing with your bets. You do not need to be an all-star bettor by the end of the season, and you should take as much time as you need to get a handle on your betting personality.
Already know some of these things? Jump to whichever section will help you out the most. That being said, read on to learn everything you could want to know about football betting: terms, tips, tricks, and sites.
Football online sportsbooks in Maryland
The easiest way to participate in football betting in Maryland is by placing your bets online. To do this, you will need to find Maryland sportsbooks that fit your style. Lucky for you, we have compiled a list of online football sportsbooks that are highly recommended. Read through to get a basic idea of each one.
PointsBet Football odds MD
- $500 for fixed-odds
- $1,500 for Poinsbetting
Why so much for Points Betting? It is PointsBet’s personal style of betting that rewards bets based on how close or far they are from the mark. It may sound easy, but Points Betting is a novel concept that has little strategy surrounding it.
BetMGM Maryland Football lines
Two companies = more opportunity. At least, that seems to be true with BetMGM MD. (By the way, you have the opportunity of a $500 risk-free bet with BetMGM.)
Speaking of opportunity, they have a great opportunity for novice bettors who might struggle with reading odds and calculating payouts. BetMGM will show you a potential payout anytime you move to make a bet, which is great for determining whether the risk is worth it.
They have a luxury appearance in both their app and web page, ensuring you can place your bets on the go easily and in style.
FanDuel Football betting MD
FanDuel was born in 2009, and over the past twelve years, they have thrived. FanDuel MD will give you a $1,000 risk-free bet to start, giving them one of the highest welcome bonuses offered by a single sportsbook.
Their website boasts speed, and they follow through with quick processing times. If you want to get into the more abstract bets like future and prop bets, then they have some of the better payouts. This might easily make FanDuel a staple for those two types alone.
DraftKings Maryland Football odds
They are basically a household name when it comes to betting, and that will be no different when football sports betting in Maryland. Draftkings has a $500 risk-free bet bonus, but you do need to deposit at least $5 before it is credited to your account.
They also run promotions pretty regularly, especially when it comes to parlays or teasers. Because those have some of the bigger payouts of any of the football betting types, Draftkings Maryland can bring about a decent windfall.
DraftKings also takes the time to organize all the relevant statistics under their Stats Hub. While you should not rely on this for information, it can be a quick way to reference numbers when placing your bets.
10 Rules to follow when betting on Football in Maryland
Let’s lay this down short, sweet, and to the point. Here are ten hard rules you should follow for football betting.
Set a budget and stick to it.
By doing this, you limit the chance that you throw your entire bankroll into a bad bet. These limits will help you keep your wits about you.
Study the game statistics and current events.
Even if you cannot watch every game, you should at least recap on the highlights. Keep in mind that football betting encompasses all teams, not just your locals or your favorites. With the Draft betting in MD, you can predict how the upcoming season will look like.
Bet on what is a good value to you.
Different bets fit different bettor styles, so figure out what suits you best. This might be only betting on types you are comfortable with or keep your bets low. Do not be pressured into making bets you are uncomfortable with, but you should look for opportunities to grow.
Choose at least two sportsbooks to bet on.
This gives you a greater variety of odds. You also have a backup plan should one site go down for maintenance or server issues.
Consider public opinion, but do not let it rule you.
The public opinion exists for a reason, and many oddsmakers use it to calculate their odds. You should look for the reason public opinion leans a specific way without necessarily subscribing to it.
Pay attention to defensive lines.
Oddly enough, people tend to put all their focus on offense. However, defensive lines are just as important to manage the game as the offensive line, and the fact that they are overlooked can throw some sweet wins your way.
Keep an eye on momentum.
Win streaks do tend to carry, but they also burn out. So there is a fine line.
Listen to your instinct.
If it is strong enough, you might want to make that bet instead of bypassing it. On the other hand, instinct is derived from what we know and what we do not see, so it might be leading you to a win.
Don’t let football betting run your life.
If you get too wrapped up, you lose a bit of the sense that grounds you and keeps you from making risky bets.
Football betting terms explained for MD
Football betting comes with its own set of vocabulary, so it is important that you can understand at least the basic terms that will be used. Without them, you can easily end up dazed, confused, or unable to place a bet.
We will include the most common terms and types of bets to get you started.
Also known as a football sportsbook, a book is a business that takes bets on sporting events. While there are several in-person options, online sportsbooks have become much more popular in recent years.
This is the person or group that takes the bets. Not to be confused with an oddsmaker, the one who determines the odds in each bet. The oddsmaker works for the bookmaker in most cases, but they can also be the same person (just different functions).
This term refers to the team that is favored, although you will hear it as “the chalk.”
It refers specifically to covering a point spread. This basically means that the term of the bet is fulfilled.
A shorter way of saying “underdog.” The dog is the team or individual that has the lowest chance of winning. This also means that if they have the biggest payout on a win.
Unlike normal life, you want to participate in handicapping. The term refers to doing the research necessary to place your bets in an educated manner. You can do it yourself or even pay a professional handicapper to do it for you.
This is another word for the odds involved in a bet. You can see them referred to as odds, the line, or the betting line.
While it may not mean much to you, vigorish is the bookmaker’s commission for handling the bet. It is also known as “juice” or can be shortened to “vig.”
Types of Maryland Football Bets
Futures football bets
A futures bet involves voting on a future event. This is usually something long-term, like voting on the Most Valuable Player at the beginning of the season or even who will win the Super Bowl. Futures bets are easy to place but tricky to accurately predict. The odds decrease the closer you get to the revelation of the bet.
Moneyline MD football betting
In football, a moneyline involves betting on a team to win. It is a simple task that really only has two choices, so it is a great starting point. You just need to make sure you keep your heart out of it and bet on the team that you believe will win from a facts-only perspective.
These bets, also known as totals, are defined by the estimated combinations of points by both teams. Again, you can bet over or under this, so it is another easy bet to place.
For example, the total for a game between the Ravens and the Browns is 45.5. Then, you decide whether you think the total score will be more or less than this. If you are right, even just barely, you get the reward.
Parlay bets in MD
Parlays depend on several games. They have a better payout because betting on more situations makes a bet riskier. The safest way to do this is by sticking to as few variables as possible and betting on the safe choice. You win nothing if only one of your two picks wins.
Point Spread football line bets MD
Also known as a line or a spread. The oddsmaker will construct a number that the favored team will need to surpass for those betting on them to win. The underdog is awarded these points.
Prop bets can also be referred to as exotics. They focus on the inner aspects of a game, not the result. “Who will score the first touchdown?” is a popular prop bet used in almost every game.
Even things like the result of the coin toss can be covered with a prop bet. These are just a fun little outlet that ranges from things that require a lot of knowledge and things based on guesswork alone.
Refer to parlay and then come back. A teaser uses point spreads on the multiple games and “teases” them to favor the bettor. This makes them easier to win than a parlay, but their payout is less. (A higher payout means nothing if you lose, though.)
This is the number referred to in an over/under bet, but it can also be used to name the bet type.
FAQ’s About Football betting in Maryland
Which football betting type is the most difficult?
Parlays tend to be the most difficult bet to place. At the same time, they have a better payout than most other betting types. You stand to win more money by playing two straight bets than you do betting on a two-tiered parlay, and they just get more difficult from there.
Can I bet while a Football game is going on in Maryland?
You can. It is called live betting, and it has become more popular as technology emerges. Before, you would have to rush to place bets before the game began, but now you can place high-stakes wagers at the moment. Other than that, they function like any other bet type.
Do you have to pay taxes on your winnings in MD?
You have to pay income tax on any money you receive from football betting in Maryland. If the winnings end up being more than $500, you will need to file a Form 502D (a Declaration of Estimated Tax) and then pay the tax within 60 days of receiving the prize money.
How do I know that football betting is legal in Maryland?
Legal sportsbooks will not allow you to place an illegal bet. Even online sportsbooks will not allow you to create an account if football betting is illegal in your state. But, beyond that, Bill HB 940 legalized sports betting in Maryland when it was signed into law by Governor Larry Hogan in May 2021.
How are odds determined in MD?
Odds are determined when an oddsmaker combines statistics and public perception to create a probability of winning.