In the first place, I’m planning to assume if you are building a sports wager or betting on a sports game you are carrying it out somewhere legal (i.e. Las Vegas, or some other place that legally accepts sports wagers). I understand that is the only real place I make any one 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 sporadic sports wager (college basketball and college football are the best sports to bet on), then you definitely know how hard it’s to truly win money. In some cases, it looks like the folks that set the sports lines can see into the near future and know precisely how many points a group will probably win or lose by. It is uncanny how often a 3 point favorite wins by 4 or loses by 2 – absolutely uncanny. With that being said, however, I will have to guess when 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 a new comer to sports betting, one of the first things you will notice are every one of the different types of bets you can make. You can find the two traditional bets, called the “money line” and the “spread.” The money line is really a bet where you simply 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 is expected to win fairly easily may shell out at odds of 1/10, meaning you will have to pay $10 to win $1. This is possibly the easiest bet to win, although as you may expect, the payout isn’t excellent (unless you pick the underdog to win, which in my own example could have paid $10 for a $1 bet).
Betting from the spread is one of the most common type of sports betting. In this instance, the odds makers attempt to determine numerous points which will make the overall game fair. Which means an extremely bad team will receive a large amount of points “given ไฮไลท์ฟุตบอล” in their mind to make the game more fair. What you are betting on is which team will “beat” the spread. Here’s a good example: let’s say a good team is playing a negative team and the odds makers believe the great team is 15 points better compared to bad team. They would set the spread at 15 points, meaning the great team will have to win by 16 or even more points for you to win if you bet in it, or the losing team will have 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 reality, this makes betting on sports quite difficult from the get-go, since what the odds makers want 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 potential for “winning” from the spread. The reason for this really is so hopefully equal money will be bet on both parties of the overall game, and the casino can make its money on the fee, or “vig,” it charges for each losing bet (typically 10% of every bet). In a great world for the casinos they’d have the same sum of money 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 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 one single bet, where they all have to win. In exchange for every one of the teams you pick being forced to win, you obtain far better payouts on your bet. As an example, if you pick 5 teams in a parlay to cover, the payout is usually in the region of 25/1. What this means is 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 straight up bet. But your payout for winning a five team parlay is nowhere near enough to make up for 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 far more beneficial to make a bunch of single bets that shell out significantly less than to make a bunch of parlay bets that shell out far 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 good sporting event is on, make sure to stay away from the parlays if you really desire to win money betting on sports. It would be the best decision you ever made.