Few traditions are as held dear by sports fans as watching their alma mater play football during the beloved College Football Saturdays. Whether you cheer for Michigan, Michigan State, or one of the other universities around the Great Lake State, you have probably felt great joy and misery on autumnal Saturdays.
If you have ever wanted to have even more investment in a Wolverines game, or if you want more incentive to watch another random matchup in the Big 10, you may have considered placing a bet on college football games online in Michigan. So how do wager on college football in Michigan and is it legal? We will answer all that and more.
What Sorts of Wagers Can You Make on NCAA Football Games?
Much like how there are many ways to cheer on your team, there are also several ways to get in on the action with bets during a game. We will look at the four main kinds of bets you can make on college football:
- Single Game
- Live Bets
A single-game bet is exactly what it sounds like. You bet on the outcome of a chosen game. The most basic way to wager is to determine the winner with a Moneyline or points spread bet. You can also make prop bets on a certain point total or a player’s statistics.
A Moneyline bet is the easiest way to gamble on sports. All you need to do is pick which team will win and you are done. If your team wins, you get a payout.
The trick to a Moneyline is the odds. The casinos either write the odds as plus or minus. For example, if Michigan is a heavy favorite against Iowa, you will see the odds written as something like -800. This means to win $100, you must wager $800, indicating Michigan is likely to win. Michigan is a safe bet to win, but the returns are quite low.
On the other side, Michigan State may be an underdog to a hosting Penn State team. In that case, oddsmakers may list MSU as being +230. This means that if you bet $100 and win, you will see a payout of $230. It is a bigger risk, but the payout is potentially greater.
Point spreads seek to make every matchup a 50/50 shot. If you bet with this, you are picking a team to either win by a certain amount of points or more, or the underdog to not lose by that number.
In our Michigan versus Iowa example above, Michigan was the clear favorite, and the casinos believe they will cruise to victory. They will label the point spread as Michigan -25.5. If you take the point spread bet on Michigan, they will not only need to win but also win by 26 points or more. Alternatively, if you take Iowa +25.5, you can win your bet even if the Hawkeyes lose by 13.
The benefit of a point spread is you have a much better return on investment if you win. If you bet the Michigan Moneyline, you will receive pennies on the dollar. But if you win a point spread bet, you will receive money close to double your wager.
Other than the outcome, you can bet on an individual player’s stats or the point total of the game. These are similar to point spread bets, with the oddsmakers giving you a determined number of points or passing yards, and you must choose if it will be over or under the total.
Parlays allow you to combine multiple wagers for a potentially massive payout. When all the bets in a parlay hold you take home a big win. But if even one fails to come true, you lose everything. These bets are high risk and high reward.
Futures are bets you make about the whole season. If you think MSU will win more than eight games, you can put money on that. You can also place money on the stats a player accrues through the season.
If you think a team may make a miraculous comeback in the second half, you can try a live bet. The odds constantly shift during a game; if you see an edge, you can bet while the game is ongoing.
Where Can You Bet on College Football Games Online in Michigan?
There are many sites you can bet on in Michigan, and smart gamblers will shop around for the best odds before making their wagers.
The MGM Grand runs the BetMGM site and app, and it is one of the newest online sports betting apps.
PointsBet is an Australian company that made waves with its PointsBetting system. The system allows for bigger payouts the more correct you are, but larger losses the more incorrect you are.
Originally, DraftKings was a daily fantasy app but has since transitioned into also offering sports betting. They are one of the most popular apps for sports gambling.
BetRivers is the official app of the Rivers Casino in Pittsburgh, Pennsylvania. But the app is open to Michigan residents as well.
Is it Legal to Bet on College Football in Michigan?
Gov. Gretchen Whitmer is responsible for legalizing gambling in Michigan at the end of 2019 thanks to a series of laws she signed. The legislature that paved the way for legalized gambling was the Lawful Internet Gaming Act and the Lawful Sports Betting Act.
With her signature on these pieces of legislation, anyone over 21 can wager money on sports.
Conclusion: College Football Betting in Michigan
College Football Saturday is satisfying on its own, but with a few wagers, it is even more enjoyable. So whether you are planning to watch your school in the big matchup or want to get a little skin in the game for a random SEC matchup, you have plenty of options to bet on college football online in Michigan.
You will not always win when gambling, and you should do it responsibly. But nothing helps sports come alive like a few reasonable wagers on your favorite team.