To begin with, I am likely to assume if you’re making a sports wager or betting on a sports game you’re doing it somewhere legal (i.e. Las Vegas, or several other place that legally accepts sports wagers). I understand that’s the only place I make any one 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 occasional sports wager (college basketball and college football are my favorite sports to bet on), then you understand how hard it is to truly win money. In some cases, it looks like the people that set the sports lines can easily see into the near future and know just how many points a group 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 however, however, I would need to guess that when they weren’t that good there wouldn’t be a market for sports betting – everyone would be winning and those taking the wagers would be out of business.
If you are a new comer to sports betting, one of the first things you will notice are most of the several types of bets you are able to make. You will find the two traditional bets, called the “money line” and the “spread.” The money line is a bet where you just pick a group to win. On the basis of the determined likelihood of that team to win, the odds are adjusted accordingly. As an example, a group that’s likely to win fairly easily may pay out at odds of 1/10, meaning you would need to pay $10 to win $1. That is probably the easiest bet to win, although as you might expect, the payout isn’t very good (unless you choose the underdog to win, which within my example could have paid $10 for a $1 bet).
Betting against the spread is the most common kind of sports betting. In this instance, the odds makers attempt to determine numerous points which will make the game fair. Which means that a very bad team will get a large amount of points “given” for them to help make the game more fair. What you are betting on is which team will “beat” the spread. Here’s an illustration: let’s say an excellent team is playing a poor team and the odds makers believe the nice team is 15 points better compared to the bad team. They would set the spread at 15 points, meaning the nice team would need to win by 16 or more points for you to win if you bet to them, or the losing team would need to lose by 14 points or less if you bet on them. If the nice team wins by 15, it is 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 to create the line such that each team has the same chance of “winning” against the spread. The reason behind that is so hopefully equal money will undoubtedly be bet on both parties of the game, and the casino may make its money on the fee, or “vig,” it prices for each losing bet (typically 10% of every bet). In a great world for the casinos they’d have the same amount of cash bet on both sides.
As you can imagine, however, the casinos actually don’t make that much money if all they are taking from sports bettors may be the vig. So they really developed another type of bet called the “parlay.” The parlay is a sports bet where you get to pick several teams to cover or win in a single bet, where all of them have to win. In exchange for most of the teams you choose being forced to ไฮไลท์ฟุตบอล ลา ลีกา win, you obtain much better payouts on your own bet. As an example, if you choose 5 teams in a parlay to cover, the payout is usually in your community of 25/1. This means if you bet $5 on a 5 team parlay, you win $125. Sounds great, right? The issue is, your odds of winning are 3.125% vs. 50% for a direct up bet. However your payout for winning a five team parlay is nowhere near enough to replace the danger of the parlay.
What this should be telling you is that to become a successful sports bettor, whether in college sports or pro sports, it is a great deal 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 great deal 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 referred to as March Madness), the College Football Bowl Season, or some other time a good sporting event is on, make sure to avoid the parlays if you really desire to win money betting on sports. It will be the best decision you ever made.