Iowa is one of the latest states to legalize sports betting, including online sports betting. Once launched, Iowa citizens and visitors will be able to bet on their favorite sports, and that includes the National Football League.
NFL betting is big business, and the #1 sports bet on in the United States. On this page, you’ll learn more about NFL betting, including how to read NFL odds and how to bet on NFL games.
Where to Bet on the NFL in Iowa
When Governor Kim Reynolds signed SF 617 into law, both live and mobile sports betting became legal in Iowa. State casinos are presently working on forming partnerships for live sportsbooks. Iowa has 19 casinos that are eligible for sports betting.
We already know a couple of partners. Prairie Meadows will feature sports betting products from William Hill while Catfish Bend will partner with PointsBet. FanDuel and DraftKings are also likely to enter the state since they already have deals in place with parent companies of multiple casinos.
Other sportsbooks you can expect in the state include playMGM, FOX Bet, BetAmerica, 888, and Caesars Sportsbook.
Types of NFL Betting Available
NFL betting is among the most lucrative in the nation and after the launch of sports betting in Iowa, you’ll be able to bet on all the games of the NFL regular season, the NFL post-season, and the Super Bowl. You’ll even find action on the NFL draft.
Understanding NFL Odds – Most forms of sports betting in the United States use a moneyline format. Moneyline is a simple betting format that makes betting simple. The underdog will have + odds and the odds given is the amount of money you can win on a $100 bet. For example, if the 49ers are +140 against the Redskins, you will win $140 on a $100 bet. This gives you a $240 return.
All favorites have – odds and the odds presented is how much you have to be to win $100. If the Patriots are -130 against the Titans, then you have to bet $130 to win $100. This gives you a $230 return.
NFL odds are all in moneyline format. The only thing that differs is the type of bet you can place. Below are the various ways you can bet on NFL teams.
Futures – For this bet, you’re betting on a future event, such as who will win the Super Bowl or even a team’s record at the end of the regular season.
Points – You’re betting on the total points scored by both teams. This is a straight over-under bet. If the line for Giants-Dolphins is 43.5, then you’ll bet whether the total will go over or under.
Points Spread – The most popular form of betting in sports, you’re betting the margin of victory for a team. When betting the favorite, they have to win by more than the line provided. For underdogs, they either have to win outright or lose by less than the spread.
Moneyline – If you’re new to NFL betting, this is a great way to get your feet wet. You’re only betting the winner for the game.
Prop Betting – These bets have little to do with winners and losers. You’re betting on things like how many penalties a team will score or how many extra points a team will miss.
Parlays – This is the riskiest form of NFL betting, but also the most lucrative. You’re betting on multiple games at once, and to win your bet, every part of your bet has to hit. These bets can be tough to win, but when you do, the payday can be huge.
When Will NFL Betting Launch in Iowa?
We predict that live sports betting will launch in Iowa later this year, likely in time for the start of the 2019 NFL Season. This means you can expect online NFL betting to launch sometime in 2020. We make this estimate based on the fact that players must register in person for mobile sports betting, and that period ends at the beginning of 2021.
While Iowa doesn’t have an NFL franchise, there are still many passionate NFL fans of teams around the country. As such, Iowa NFL fans will be able to bet on NFL games either at live casinos or anywhere in Iowa via their mobile device. NFL betting is a great way for fans to get into the action while rooting their favorite teams to victory.