To start with, I’m going to assume if you should be making a sports wager or betting on a sports game you are carrying it out 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 should be making sports wagers illegally, I’d advise against it, and request that you follow the rules. Enough said about that.
If you should be like me, and enjoy making the casual sports wager (college basketball and college football are my favorite sports to bet on), then you definitely discover how hard it’s to really win money. In some instances, it looks like the people that set the sports lines can easily see into the long run and know exactly 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 will have to guess that if they weren’t that 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 should be new to sports betting, one of the first things you’ll notice are all of the several types of bets you can make. There are both traditional bets, called the “money line” and the “spread.” The money line is really a bet where you merely pick a team to win. On the basis of the determined likelihood of the team to win, the odds are adjusted accordingly. For example, a team that is likely to win fairly easily may spend at odds of 1/10, meaning you will have to pay $10 to win $1. This is perhaps the easiest bet to win, although as you may expect, the payout isn’t excellent (unless you choose the underdog to win, which within my example could have paid $10 for a $1 bet).
Betting from the spread is one of the most common form of sports betting. In this instance, the odds makers attempt to ascertain numerous points that’ll make the overall game fair. Which means that an extremely bad team will get a lot of points “given” in their mind to help make the game more fair. That which you are betting on is which team ไฮไลท์ฟุตบอล ลา ลีกา will “beat” the spread. Here’s a good example: let’s say a good team is playing a bad team and the odds makers believe the good team is 15 points better compared to the bad team. They’d set the spread at 15 points, meaning the good team will have to win by 16 or more points for you really to win if you bet to them, or the losing team will have to lose by 14 points or less if you bet on them. If the good team wins by 15, it is really a tie, and you’d get your cash back.
In reality, 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 mean is, the goal of the odds makers is to set the line such that each team has the same possibility of “winning” from the spread. The cause of this is so hopefully equal money will undoubtedly be bet on both parties of the overall game, and the casino can make its money on the fee, or “vig,” it costs for each losing bet (typically 10% of each bet). In a perfect world for the casinos they’d have a similar amount of cash bet on both sides.
As imaginable, however, the casinos actually don’t make that much money if all they’re taking from sports bettors is the vig. So that they created another type 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 they all have to win. In trade for all of the teams you choose needing to win, you obtain far better payouts on your bet. For example, if you choose 5 teams in a parlay to cover, the payout is generally in the area of 25/1. What this means is 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 direct up bet. Your payout for winning a five team parlay is nowhere near enough to replace the chance of the parlay.
What this would be suggesting is that to become a successful sports bettor, whether in college sports or pro sports, it’s a lot more beneficial to create a bunch of single bets that spend significantly less than to create a bunch of parlay bets that spend a lot more but are much much harder to win. So, the next time you are 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.