If you have ever done sportsbetting or have ever thought about trying it, this is the time of year when football fans go all out. If you have yet to give it a go, here is an explanation of some of the most common bets.

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Point spread bets are the most popular type of bet when it comes to football. This is when you bet one team will win over the other by more than a certain number of points. So if you were to bet the Raiders to win over the Steelers by more than 4 points, you would only win if they won by 5 points or more. If they win by less than 4, you would lose your bet. If they win by exactly four it's called a “no action” bet and you get your wager back.

Over or under bets are when you bet on the total score of bother teams added together. For example, you would bet that the total score is over 25 or under 25. If you are correct and it's over or under, you would win. If you were wrong, you would lose. If it turned out to be exactly 25, it becomes another “no action” bet and you would get your wager back.

Money line bets are another common wager you will see. With this type of bet, you are simply betting on which team will win. Payouts will depend on the odds given for that team.

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Then there is the halftime bet where you are only betting on the score for one half of the game. The halftime bet could still be a point spread bet, over/under bet or a money line bet – it's just applicable to only whichever half of the game you chose to bet on.

One type of bet that is a lot of fun because it can be unique is the proposition bet. With this you can bet on just about anything except the final score. You can bet on which team will win the toin coss, how many field goals will be kicked or even how many passes a player will make during the game.