Question 1

How to bet on CFL with OddsJam?

Accepted Answer

The importance of getting the best odds on your CFL bets cannot be overstated. Line shopping is a strategy used by bettors to find the sportsbook that is offering them the best odds on the bet they want to make. OddsJam has the best odds comparison tool on the market. We process over 1 MILLION odds per minute from every major sportsbook in the United States. This means we have the most up-to-date, real-time odds to help you make sure you not only get the best odds on your bet but also spot discrepancies between different sportsbooks moving their odds early or late.
In the CFL, getting the best line can be the difference between winning and losing your money and/or your bet. Let’s say you want to bet on the Edmonton Elks to beat the BC Lions. One sportsbook has their moneyline odds at -200, another has them at -189. One bet requires you to bet $200 to win $100, while the other only requires you to bet $189 to win $100. To be a profitable sports bettor over time you must be getting the best odds available to you. Let’s say you want to bet the Elks point spread against the Lions. One sportsbook has them at -3, and another has them at -3.5. If the Buccaneers win by 3 points you would have pushed at the first sportsbook, but lost at the second. Line shopping is important across every bet type including Totals or Over/Unders, Player Props, Game Props, Futures, and more!
OddsJam is here to make sure you always get the best odds or number on your bets. Profitable sports bettors know the value in checking lines across all sportsbooks available to you, and having accounts at each so that you can always bet at the sportsbook offering you the best odds.

Question 2

How to read CFL odds?

Accepted Answer

The six main types of NFL bets, also called mainline markets, are moneyline bets, point spread bets, over/under bets (also called total bets), futures, and player props.

Question 3

Why should you bet on CFL?

Accepted Answer

One of the biggest reasons you should bet on CFL football is because the books don’t know it as well as they do NFL football! This means that they rely more heavily on computer generated odds and their own research. Often times, this leads to massively misspriced lines in YOUR favor - as long as you can catch them. Don’t worry, though, as OddsJam makes catching these lines a breeze!

Question 4

How to bet on the CFL point spread?

Accepted Answer

When you bet on a CFL point spread, you’re betting on the margin of victory (or defeat) as opposed to the outright winner of the game. Let’s say you bet the Edmonton Elks -3.5 vs the BC Lions. This would mean that to win your bet the Elks would need to win by at least 4 points. Conversely, if you bet the Lions +3.5 they don’t actually need to win the game, they just need to lose by less than 3 points or win outright. This is called covering the spread, and it is applied to both favorites (- next to point spread, called “giving points”) and underdogs (+ sign next to point spread, called “getting points”). If your CFL point spread bet wins, your team covered the spread.
You’re probably noticing that most point spreads have the same odds on either side, unlike moneylines. This is because rather than use the odds to make bets even on each side, they use the point spread to even things out by having the better team have to cover a larger margin of victory. Bettors beware though, there is still juice, or vig baked into these odds as well. This is the tax that sportsbooks collect on each bet. Typically you’ll see odds of -110/-110 on either side of the point spread, implying that based on that point spread it’s a 50/50 chance on either side, minus the vig.

Question 5

How to place a moneyline bet on CFL?

Accepted Answer

A moneyline is the most simple concept to follow in sports betting, in terms of different bet types. It is simply betting on a team to win the game outright. Your team could win by 1 point or 50 points, it could require overtime or be done in regulation - all that you are betting on is the direct outcome of the game. The team with a - sign next to its odds is said to be the favorite and the team with the + sign next to its odds is the underdog. Speaking of odds, while the concept is simple the strategy of betting moneylines gets a little more complex. The odds directly determine how much you need to stake to win a certain amount of money. If the Edmonton Elks are -275 favorites over the BC Lions, you would have to bet $275 to win only $100. Conversely, the Lions are +200 underdogs a $100 bet would net you a $200 profit if they were to win.

Question 6

What is better - total or over/under?

Accepted Answer

Betting an Over/Under or Total in the NFL is one of the more popular types of bets you can make. A Total, or Over/Under is a bet on the combined total score of the game (hence being called Totals) of both teams. If the Total for the Rams vs Bears example above is set at 41, you are betting that at the end of the game the total of the Rams points and the Bears points would be over or under (hence being called Over/Under) the number of 41. If the final score is Rams 21, Bears 14, the game is said to have gone Under (total of 35 less than 41). If the final is Rams 28, Bears 21 the game is said to have gone Over (total of 49 > 41).
If the final score is Rams 28, Bears 13 the game is said to have Pushed (total of 41 = 41). Pushes can happen in both Point Spreads and Totals. If this occurs, bettors on both sides get their money back. You’ll often see Over/Unders and Point Spreads set at non-whole numbers, say 41.5. That extra 0.5 is called the hook. Spreads or Totals that have the hook prevent a push from happening but bring in the possibility of winning (or losing) by that extra half a point.

Question 7

What is CFL open line?

Accepted Answer

CFL opening lines sound exactly like what they are - the initial offering line that the books make available to the public. Once people start putting money on a market the line will likely change. This is because the goal of the books is to get as close to even money on both sides of a bet as possible because it mitigates their risk of losing money.
Often times these opening lines hold the most value as the market hasn’t moved due to money being bet on either side. Sharp bettors know this and look to get their bets in early.

Question 8

CFL futures bets

Accepted Answer

“Futures” represents the operative word for futures bets. Futures bettors need their crystal ball to figure out who will ball well enough to make the season-long bet pay off.
These bets carry tremendous risk due to injuries, trades, and other unforeseen circumstances derailing an individual or team’s season.
Moreover, anyone playing in the CFL who overtake the player wagered on sinks the bet (the same holds true for team bets). Future bets make up for stability in fun speculation throughout an entire season while providing strong return values, due to the unlikely nature of paying off.
Examples of CFL futures bets include a team to win the Grey Cup or the conference. Individual player options include  Most Outstanding Player, and, Most Outstanding Defensive Player. Futures bets extend to statistical leaders — such as wagering on who wins the scoring title — as well.

CFL Odds, CFL Betting Lines, Point Spreads, Totals, Moneylines

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