Las Vegas Raiders Odds

Las Vegas Raiders Odds, Bet Types, and Team History

The Raiders had an extremely eventful season in 2021-22. Jon Gruden was fired, and Henry Ruggs was arrested for his drunk-driving accident that killed a woman. Rich Bisaccia took the reigns and led Las Vegas to a Week 18 win over the Chargers that got the Raiders into the playoffs, in which they lost to the eventual AFC-champion Bengals.

Las Vegas went through major changes this offseason, hiring general manager Dave Ziegler and head coach Josh McDaniels. Then they traded for All-Pro receiver Davante Adams in mid-March.

There are reasons for optimism around the Raiders, but the AFC West won't make it easy for them. Obviously, the Chiefs are still the top dogs, but the Broncos added Russell Wilson and it doesn't look like the Chargers are going anywhere but up.

Raiders Team Rivals

The Kansas City Chiefs won the AFC West again with Patrick Mahomes under center. The Los Angeles Chargers and Raiders appear to have a budding rivalry after their Week 18 drama last year, while the Denver Broncos have won a Super Bowl in the last decade and just got a star quarterback in Wilson.

Betting on the Las Vegas Raiders

Las Vegas Raiders Point Spreads

Betting point spreads are wagers based on the expectation that a team will win or lose by a certain number of points. The Raiders were 8-8 against the spread in 2020. Las Vegas’ eight wins were by an average margin of 8.3 points while its eight losses came at an average of 13.8 points.

Here’s an example:

• Chargers +2.5 (+110)
• Raiders -2.5 (-110)

In this situation, the Chargers are 2.5 point underdogs against the Raiders. If Las Vegas wins the game by three or more points, a $100 wager on the Raiders would come with a payout of $90.91. If Los Angeles won the game outright or lost by two points or less, the same $100 wager would net $110 plus the original $100 for a total of $210.

FAQ: Everything you need to know about point spreads

Raiders Over/Unders aka Raiders Totals

Over/under, also called point total, is a wager placed on the combined scoring of a single game. Bookmakers come up with a number and you can either bet the over or — you guessed it — the under. Here’s how it works:

Let's say the Chiefs play the Raiders and the over/under is set at 55 points. A wager on the over would require Kansas City and Los Angeles to score 56 total points or more to win. Betting the under is an expectation that the two teams would score 54 or fewer points. It's also possible for the bet to push, which would happen if the game finished with exactly 55 points scored.

In 2020, Las Vegas averaged 27.1 points per game and allowed 29.9 points, a top-10 offense and a bottom-three defense. The Raiders were tied for the NFL’s best record (12-3-1) against the over, which they hit in 80 percent of their games last year.

FAQ: Betting the point total, explained | What is a push?

Las Vegas Raiders Moneylines

The moneyline is as straightforward as it gets when it comes to betting. The only thing to do here is pick the winner. Check out this example:

• Raiders -110
• Broncos +230

The minus (-) and plus (+) signs distinguish the favorite from the underdog, making Las Vegas the favorite in this scenario. Odds can be understood more clearly if you think in terms of $10 or $100 increments. A wager on the Raiders odds would mean every $11 bet nets $10. And it's the opposite for underdogs: Here the Broncos moneyline was set at +230, meaning a $10 wager would profit $23.

Moneylines are also commonly used when making parlays, which are multiple bets tied into one. Let’s say you bet the Raiders moneyline and -2.5 point spread, Las Vegas would need to win by three points or more for that bet to be successful. The risk is greater, but so is the reward with increased odds. Use our Odds Calculator to calculate any bet amount or conversion.

FAQ: How to bet on the moneyline | How to make a parlay

Las Vegas Raiders Props

Player props are wagers on a single player, and they're tied to a single stat found in the box score for a game or even the whole season. These are among the most fun to bet on, especially if you're already playing fantasy football and like the player-specific focus it offers. Check out a hypothetical example below:

• Darren Waller 2022 receiving yards: 1,225.5

Let’s break it down a bit. Waller averaged 74.8 receiving yards per game in 2020, the best mark of his career. We’ll assume he continues to be the Raiders top option and the number goes up to 77.5. If Waller sustained that pace over 16 games, he’d be up to 1,240 yards and be over his projected mark. Remember, the NFL added an extra regular season game in 2021. Waller hasn’t missed a game in two years and now he’s got an extra chance to insure this prop bet. If he played all 17 games, Waller would finish with 1,317 yards.

FAQ: How prop betting works

Raiders Futures

Futures are somewhat similar to prop bets in the way that both are monitored over the course of a season. Except most future bets are focused on end-of-season success. Examples of futures are:

• Las Vegas Raiders odds to win the AFC West
• Las Vegas Raiders odds to win the AFC
• Las Vegas Raiders odds to win the Super Bowl
• Derek Carr’s odds to win Offensive Player of the Year

If you’re confident that the Raiders will return to the playoffs or that Carr can thrive for a full season, this is the place to be. For a full list of NFL futures, click or tap here.

Make sure to check out our sportsbook reviews for more information on what’s available in your state and exclusive sign-up bonuses and promo codes like the BetMGM Sportsbook Bonus Code for added value.