Like with every other sport, when betting on CFL events, you need a comprehensive strategy. The CFL is its own league that stands apart from any other, so catering your strategy specifically to the CFL is an important step necessary to succeed when wagering on this sport.
There are certain basic tips bettors need to use when CFL betting that applies to every other sports league. The first is to practice conscious money management. Don't bet above your means, and don't chase your losses. No matter how good you are at betting, you are not as good as you likely think you are. Exercise restraint, be cautious, and bet with your brain, not with your heart. Most importantly, know when to cut and run!
With that said, let’s look at some important details that can help shape your betting strategy and ensure you are safely and effectively wagering.
Singles vs. Parlays
It is important to know the difference between single and parlay betting, as well as when to use each when betting on CFL events. Let’s look at both these types of betting and when the right time to use them is.
Single-game betting is when bettors are wagering directly on a single outcome. This can be Moneyline, point spread, total, or any other kind of market. But the bettor is just picking one single outcome.
Parlay is when bettors tie multiple bets into one. So they can pick different outcomes in the same game or multiple outcomes from different games and tie them into one bet. Each bet within the parlay needs to cash for the parlay to hit. If you had a 12-leg parlay, and 11/12 hit, the bet is still a failure.
The key thing to understand with parlays and single betting is that parlays tend to be high-risk, with higher rewards. Bettors rely on multiple things to happen, which means more can go wrong. But parlays tend to have higher possible payouts, which is why many bettors use them.
It is important not to get carried away with parlay betting; use parlays wisely. Single bets are safer and can still yield exciting payouts. Parlays are a great gambling tool but exercise caution.
CFL Betting Trends and Tips:
- Road Underdogs Off a Loss are Profitable Against the Spread: One interesting tidbit of information is that teams that are coming off of losses in the CFL are on the road, and underdogs in the game, have actually been profitable if you collect all the data dating back to 2005. While that goes against conventional wisdom, it is true!
- Examine Matchups: It is always important to examine the matchups when betting on the CFL. Certain teams have passing-based offenses or shutdown defenses. See which teams have the best quarterbacks, how the passing defense or rushing defense fares, and you'll have some important insights into the game.
- Monitor the Weather: All CFL games are played in Canada, and while they are mostly played in warmer months, the weather is a factor. Always check the weather report for a game to be sure there will be no disruptive weather on the forecast.
How to Bet on the CFL From an NFL Perspective
Remember, the CFL and the NFL are two different leagues, and sometimes it feels like they might be different sports. While many bettors flock to NFL betting sites, fans of the NFL should still look to CFL betting sites for fun and football-centric betting. It is just important to know about the key differences between CFL betting before you do so.
We’ll get into more details about the differences between the CFL and the NFL later, but we’ve quickly highlighted some things NFL fans should know about the CFL before they start wagering.
- CFL has a bigger ball
- CFL has wider fields
- CFL has rouges
- CFL has three downs
- CFL doesn’t have fair catches
- CFL has field goal posts in the field