To begin with, I’m likely to assume if you are creating a sports wager or betting on a sports game you’re doing it somewhere legal (i.e. Las Vegas, or various other place that legally accepts sports wagers). I know that is the only real place I make some of my sports wagers. If you are making sports wagers illegally, I’d advise against it, and request that you follow the rules. Enough said about that.
If you are like me, and enjoy making the casual sports wager (college basketball and college football are my personal favorite sports to bet on), then you definitely discover how hard it’s to truly win money. In some instances, it looks like the people that set the sports lines could see into the future and know just how many points a team will probably win or lose by. It’s uncanny how often a 3 point favorite wins by 4 or loses by 2 – absolutely uncanny. With that said, however, I would need to guess when they weren’t that good there wouldn’t be described as a market for sports betting – everyone could be winning and those taking the wagers could be out of business.
If you are a new comer to sports betting, one of the first things you will notice are all the several types of bets you are able to make. You can find the 2 traditional bets, called the “money line” and the “spread.” The amount of money line is really a bet where you only pick a team to win. Based on the determined likelihood of that team to win, the chances are adjusted accordingly. For example, a team that is expected to win fairly easily may spend at odds of 1/10, meaning you would need to pay $10 to win $1. ไฮไลท์ฟุตบอลThis really is probably the easiest bet to win, although as you could expect, the payout isn’t very good (unless you select the underdog to win, which in my own example might have paid $10 for a $1 bet).
Betting contrary to the spread is probably the most common form of sports betting. In this instance, the odds makers attempt to ascertain a number of points that will make the game fair. This means that a really bad team will get a large amount of points “given” for them to help make the game more fair. That which you are betting on is which team will “beat” the spread. Here’s an illustration: let’s say an excellent team is playing a negative team and the odds makers believe the great team is 15 points better than the bad team. They’d set the spread at 15 points, meaning the great team would need to win by 16 or more points for you to win if you bet on them, or the losing team would need to lose by 14 points or less if you bet on them. If the great team wins by 15, it is really a tie, and you’d get your cash back.
In fact, this makes betting on sports quite difficult from the get-go, since what the odds makers are trying to do is make every game a coin flip. What I am talking about is, the target of the odds makers is to create the line such that each team has an equal potential for “winning” contrary to the spread. The cause of this is so hopefully equal money is going to be bet on both sides of the game, and the casino will make its money on the fee, or “vig,” it costs for each losing bet (typically 10% of every bet). In a perfect world for the casinos they’d have a similar sum of money bet on both sides.
As imaginable, however, the casinos actually don’t make that much money if all they’re taking from sports bettors may be the vig. So they created another kind of bet called the “parlay.” The parlay is really a sports bet where you get to pick several teams to cover or win in a single bet, where all of them need to win. As a swap for all the teams you select needing to win, you receive much better payouts in your bet. For example, if you select 5 teams in a parlay to cover, the payout is usually in the area of 25/1. This implies if you bet $5 on a 5 team parlay, you win $125. Sounds great, right? The problem is, your odds of winning are 3.125% vs. 50% for a straight up bet. Your payout for winning a five team parlay is nowhere near enough to make up for the risk of the parlay.
What this should be letting you know is that to be a successful sports bettor, whether in college sports or pro sports, it’s a great deal more beneficial to produce a lot of single bets that spend significantly less than to produce a lot of parlay bets that spend a great deal more but are much much harder to win. So, the next time you’re out in Vegas for the NCAA Men’s Basketball Tournament (otherwise known as March Madness), the College Football Bowl Season, or any other time a great sporting event is on, remember to avoid the parlays if you actually wish to win money betting on sports. It will be the best decision you ever made.