To begin with, I’m likely to assume if you should be building a sports wager or betting on a sports game you are doing it somewhere legal (i.e. Las Vegas, or some other place that legally accepts sports wagers). I know that’s the only real 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 personal favorite sports to bet on), then you definitely know how hard it’s to truly win money. Sometimes, it looks like individuals that set the sports lines can see into the long run and know exactly 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 have to guess that if they weren’t so good there wouldn’t be a market for sports betting – everyone will be winning and those taking the wagers will be out of business.
If you’re new to sports betting, one of many first things you will notice are all of the different types of bets you can make. You will find both traditional bets, called the “money line” and the “spread.” The amount of money line is really a bet where you merely pick a group to win. On the basis of the determined likelihood of the team to win, the odds are adjusted accordingly. For instance, a group that’s 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 could have paid $10 for a $1 bet).
Betting contrary to the spread is the most common type of sports betting. In cases like this, the odds makers attempt to ascertain several points that may make the game fair. Which means that a very bad team will get a lot of points “given” for them to really make the game more fair. That which you are betting on is which team will “beat” the spread. Here’s a good example: let’s say a great team is playing a negative team and the odds makers believe the great team is 15 points better compared to bad team. ไฮไลท์ฟุตบอล กัลโซ่ They would set the spread at 15 points, meaning the great team would have to win by 16 or even more points for you yourself to win in the event that you bet on them, or the losing team would have to lose by 14 points or less in the event that you bet on them. If the great team wins by 15, it is really a tie, and you’d get your money back.
In fact, this makes betting on sports very hard from the get-go, since what the odds makers are attempting to do is make every game a coin flip. What I mean is, the target of the odds makers is setting the line in a way that each team has an equal potential for “winning” contrary to the spread. The reason for this is so hopefully equal money will be bet on both parties of the game, and the casino will make its money on the fee, or “vig,” it prices for each losing bet (typically 10% of each bet). In a perfect world for the casinos they’d have exactly 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’re taking from sports bettors may be the vig. So they really created another kind of bet called the “parlay.” The parlay is really a sports bet where you’re able to pick several teams to cover or win in a single bet, where all of them need certainly to win. As a swap for all of the teams you pick having to win, you get far better payouts on your own bet. For instance, if you pick 5 teams in a parlay to cover, the payout is normally in the area of 25/1. This means in the event that 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. But your payout for winning a five team parlay is nowhere near enough to make up for the risk of the parlay.
What this will be telling you is that to become a successful sports bettor, whether in college sports or pro sports, it’s much more beneficial to make a lot of single bets that pay out less than to make a lot of parlay bets that pay out much 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 called March Madness), the College Football Bowl Season, or any other time a good sporting event is on, make sure to steer clear of the parlays if you actually wish to win money betting on sports. It would be the best decision you ever made.