During the college football season, there will be dozens of games on the board most Saturdays. Three types of odds are the most common:
Point spread: The point spread, also called the “side,” evens the playing field in a lopsided matchup.
New Mexico State +35.5
With this example, bettors backing the underdog New Mexico State need the Aggies to win or keep the losing margin to 35 points or less. Alabama would need to win by 36 or more points for Crimson Tide bettors to cash that wager.
Over/under: These bets, also called the “total,” are simple. The sportsbook sets a line on combined points by both teams, and bettors can take over or under that point total.
Moneyline: This bet removes the point spread, with corresponding odds for the favorite and underdog.
Ohio State -400
Penn State +350
In this example, Ohio State backers would need to lay $400 on the favorite Buckeyes to win $100. A $100 bet on Penn State would return $350, but the Nittany Lions would have to win straight up.
The most popular future bet is on the College Football Playoff national champion. Bettors can also wager on who will win the Heisman Trophy, and usually sportsbooks offer future bets for over/under win totals on teams from the major conferences.