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According to our Underdog Betting Report, underdogs have been a great bet in the NFL this year.

Last season, betting on NFL underdogs was particularly profitable, especially against the spread. In 2022, it looks like the dogs have some great early returns again.

We’re going to monitor the NFL underdog betting trends all season long to see if underdogs continue to be a moneymaker. Check back all year as we update the NFL underdog report below.

 See Odds Shark’s Best NFL Sites

If you’re looking for more tips for your NFL bets, check out our How to Bet on Football article or head over to our NFL Computer Picks page to see what underdogs the Odds Shark computer likes this week.

To find the sportsbook that’s right for you, head over to our Sportsbook Review page.

NFL Underdog Betting Trends In 2022

So far in 2022, underdogs have been quite profitable. Through Week 3, the dogs are 20-26-1 overall with significant positive profit.

Below, we break down some more specific NFL underdog betting trends, with specific markets and teams to keep an eye on. You can utilize these underdog tips over at Bovada:

Straight Up NFL Underdog Betting Records

2022 SU NFL Underdog Betting Trends
SU Record SU Win % SU Profit
20-26-1 43.5% +$720.24 (7.2 units)

So far this season, the underdogs have been great outright. Through two weeks, the 20 SU upset wins have netted bettors a multi-unit profit. 

With unpredictable upsets like the Jaguars whupping the Colts in Week 2 and then the Colts beating the Chiefs in Week 3, riding the dogs has been great for NFL wagerers so far this year.

The big underdogs (+10 or more), though, haven’t paid off yet this year. Those 10-point dogs are 0-4 so far in 2022.

Against The Spread NFL Underdog Trends

2022 ATS NFL Underdog Betting Trends
ATS Record ATS Cover % ATS Profit
27-18-2 60.0% +$651.32 (6.5 units)

The underdogs against the spread have been almost as profitable as the outrights this season, hitting at an impressive rate. If you bet $100 on every dog ATS so far in 2022, you’d be up $651.32.

Best Underdog NFL Teams To Bet On

2021 Top SU NFL Underdogs
Team  Underdog Record Underdog Profits
Arizona Cardinals 6-0 +$1035.0
Tennessee Titans 6-2 +$1000.0
Las Vegas Raiders 7-4 +$950.91

We’ll wait a few weeks before making any judgments about the best 2022 NFL underdogs to bet on, but it’s still worth noting last year’s best dogs. The Cardinals were undefeated as an underdog last year, winning all six of their games when they were expected to lose by betting odds.

If you had bet $100 on the Cards during each underdog contest, you would’ve won $1,035.0 in profit last season. It’s unclear if Kyler Murray’s boys will be as profitable in 2022, but it’s certainly worth watching.

Other NFL Wagering Resources: