To begin with, I am likely to assume if you should be making a sports wager or betting on a sports game you’re carrying it out somewhere legal (i.e. Las Vegas, or several other place that legally accepts sports wagers). I am aware that is the only place I make some of my sports wagers. If you’re making sports wagers illegally, I’d advise against it, and request that you follow the rules. Enough said about that.
If you’re like me, and enjoy making the occasional sports wager (college basketball and college football are my favorite sports to bet on), then you definitely understand how hard it’s to actually win money. Sometimes, it seems like the people that set the sports lines can see into the long run and know precisely how many points a team will win or lose by. It is uncanny how often a 3 point favorite wins by 4 or loses by 2 – absolutely uncanny. With however, however, I would have to guess that if they weren’t so good there wouldn’t be considered a market for sports betting – everyone would be winning and those taking the wagers would be out of business.
If you’re new to sports betting, among the first things you will notice are most of the several types of bets you are able to make. You will find both traditional bets, called the “money line” and the “spread.” The money line is just a bet where you merely pick a team to win. Based on the determined likelihood of that team to win, the chances are adjusted accordingly. Like, a team that is likely to win fairly easily may pay out at odds of 1/10, meaning you would have to pay $10 to win $1. This is probably the easiest bet to win, although as you could expect, the payout isn’t great (unless you pick the underdog to win, which in my example might have paid $10 for a $1 bet).
Betting from the spread is probably the most common type of sports betting. In this case, the odds makers attempt to determine several points that will make the overall game fair. Which means that an ไฮไลท์ฟุตบอล extremely bad team will get a large amount of points “given” in their mind to make the game more fair. What you are betting on is which team will “beat” the spread. Here’s an illustration: let’s say a great team is playing a bad team and the odds makers believe the good team is 15 points better compared to the bad team. They would set the spread at 15 points, meaning the good team would have to win by 16 or maybe more points for you really to win in the event that you bet in it, or the losing team would have to lose by 14 points or less in the event that you bet on them. If the good team wins by 15, it is just a tie, and you’d get your money back.
The truth is, this makes betting on sports very hard 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 goal of the odds makers is setting the line in a way that each team has the same possibility of “winning” from the spread. The reason for this really is so hopefully equal money will undoubtedly be bet on both parties of the overall game, and the casino could make its money on the fee, or “vig,” it costs for each losing bet (typically 10% of every bet). In an ideal world for the casinos they’d have the exact same amount of cash bet on both sides.
As you can imagine, however, the casinos actually don’t make very much money if all they’re taking from sports bettors could be the vig. So they developed another kind of bet called the “parlay.” The parlay is just a sports bet where you get to pick several teams to cover or win in one single bet, where each of them need to win. In trade for most of the teams you pick needing to win, you get far better payouts on your bet. Like, if you pick 5 teams in a parlay to cover, the payout is normally in your community of 25/1. What this means is in the event that you bet $5 on a 5 team parlay, you win $125. Sounds great, right? The thing is, your odds of winning are 3.125% vs. 50% for a straight up bet. But your payout for winning a five team parlay is nowhere near enough to replace with the chance of the parlay.
What this should be suggesting is that to be a successful sports bettor, whether in college sports or pro sports, it’s a lot more beneficial to make a bunch of single bets that pay out significantly less than to make a bunch of parlay bets that pay out a lot more but are much much harder to win. So, the very next time you’re out in Vegas for the NCAA Men’s Basketball Tournament (otherwise called March Madness), the College Football Bowl Season, or some other time a good sporting event is on, remember to steer clear of the parlays if you actually desire to win money betting on sports. It would be the best decision you ever made.