What are the Different Types of NRL Betting Odds

Introduction

Rugby League Football (or Rugby League as it’s commonly known) was first played in Northern Britain in the late 1800s. However, it is in Australia that the game has flourished as an exciting professional sport that showcases speed, skill and strength.

The National Rugby League (NRL) is the best Rugby League Football competition in the world. There are 17 teams, based in New South Wales, Victoria, Queensland and New Zealand. With nine NRL matches every weekend in the season, a bet on NRL is hugely popular.

The annual State of Origin series between New South Wales and Queensland generates excellent TV ratings and betting action across the nation.

Head-to-Head Betting Odds

Head-to-Head Betting is the simplest and oldest Rugby League bet type. You pick a team and place a bet on them to win the match. If they win, you win!

Here is an example of Head-to-Head Betting Odds for the upcoming match between the Canterbury Bulldogs and Parramatta Eels:

Bulldogs $2.70

Eels $1.45

A $10 bet on the Bulldogs would return $27 ($10 x $2.70), while a $10 bet on the Eels would return $14.50 ($10 x $1.45). In this match, the Parramatta Eels are the favourites to win.

Over/Under Points Betting Odds

Betting on the total points in a match is a popular bet method. The odds in the above-mentioned Bulldogs v Eels match are displayed as such:

Over 42.5 points @ $1.90

Under 42.5 points @ $1.90

The bookmaker has handicapped the total at 42 points, believing that to be the most likely outcome and the best way to stimulate betting activity. A bet of $10 on either the over or under will return $19 ($10 x $1.90).

Margin Betting Odds

Margin betting is popular as it offers better odds than head-to-head betting and is a bigger test of skill and analysis. There are a lot of different margin betting markets available with the “Tribet” one of the most popular.

Here are the Tribet markets for the upcoming State of Origin Match:

NSW to win by 7+ points $4.15

QLD to win by 7+ points $2.15

Any Other Result $2.30

A bet of $10 on Queensland to win by 7+ points will return $21.50 ($10 x $2.15).

First Try Scorer Betting Odds

Try scorer markets are by far the most popular of the “novelty” markets. These markets allow supporters to bet on the outcome of a specific event happening in the match and add more excitement to watching the game. In the Bulldogs and Eels match, Bulldogs winger Josh Addo-Carr is the $8 favourite to score the first try. A $10 bet on him will return $80 if successful ($10 x $8).

Futures Betting Odds

As the name suggests Futures betting is placing a bet on the outcome of an event over a longer period of time, normally the season. The most popular future market is for the Premiership followed by bets on who will finish in the top 8 and also who will win the wooden spoon (finish last!).

As of the midway point of the 2023 NRL season, the Penrith Panthers are the favourites to win the Premiership once again at odds of $3.30. A $10 bet on the Panthers will return $33 ($10 x $3.30).

Conclusion

NRL Betting is a lot of fun and can be very profitable, especially when considering the odds provided by different bookmakers. With a number of online sports bookmakers in Australia, it is crucial to choose a bookie you can trust. Palmerbet is a third-generation bookmaking company that is owned, operated and financially guaranteed within Australia, and they offer competitive NRL betting odds. When you bet with Palmerbet, you not only get old-school service matched with modern technology but also access to a wide range of NRL betting markets and attractive odds that can enhance your potential winnings. So, whether you’re a seasoned punter or new to NRL betting, be sure to check out Palmerbet’s odds for an exciting and rewarding betting experience.