HOW TO INVEST ON FOOTBALL
Example: Player wagers $110.00 on Cleveland -6 to beat +6 If San Diego wins by more than 6 points the player wins $100.00 so the total payout including the initial wager would be $210.00. If Cleveland only wins by 6 points then the game is considered "no action" and all money is returned to the bettor. If the Cleveland wins by less than 7 points the wagers is lost.
Totals (also known as Over/Under bets)
Example: The player lays $110.00 on the OVER in the NY Jets/Dallas game. The total for the game is 45. If both teams' combined score is more than 45 than the player would win $100.00. If the combined score is equal 45 the game is considered "no action" and the money is returned. If the combined score is less than 45 then the wager is lost.
Money Line Wagers
Example: The player wagers on Miami -160 at Minnesota +260. If Miami wins then the player would lay $160.00 to win $100.00. If the player bet on Minnesota then the player would lay $100.00 to win $260.00
Parlays (also known as Multiples or Combos)
This is a bet of 2 or more teams (selections) or propositions in no particular order. All teams wagered on in a parlay must win. If there is a tie, or "no action" among the selections made, the parlay reverts down to the next lowest number for payoff. In the case of a 2-team parlay, it will revert down to a straight wager. No parlay bets will be accepted where individual "selections" are connected. For example, you cannot parlay the over of the first half of a football game with the over of the total game, because the two are 'connected'
If all these games win then the player would have won at 20-1 odds. If only 1 team loses then the entire parlay loses.
Parlays are a very exciting way for the sports betting enthusiast to WIN VERY LARGE AMOUNTS OF MONEY WITH VERY LIMITED RISK! Just look at the simple payout chart below to see how much you'll win by betting just $250 on the parlay combinations.
Typical Parlay Net Winnings for a $250 bet:
A Teaser is a selection of two or more teams in one wager in which the point spread is adjusted in your favor. The number of teams selected and the number of points selected determines the payout odds. A "Tie" or "No Action" and a "Win" on a two team teaser shall constitute a "No Action" wager. A "Tie" or a "No Action" and a "Loss" on a two team teaser shall constitute a "Losing" wager. Ties on a three or more team teaser shall revert to the next lowest betting bracket. (Example: A tie on a three team becomes a two team teaser.)
Typical Teaser Net Winnings for $250 bet:
Future Book Wagers
A "futures" wager is a bet placed on an event that is scheduled to occur at some future date. For instance, prior to the beginning of the regular season for each major sport, odds will be established for each team to win their individual division, conference and seasonal championship.
Another type of "future" wager that has become extremely popular is the over/under wager for the total number of victories for the entire season for a given team.
Proposition Bets (Exotics)
Simply put, Proposition/Exotic Bets may generally be considered as any wager other than a straight "side" or "over/under" wager. More specifically, these wagers usually involve specific events and occurrences that happen throughout any given game. We have listed some examples for you below.
Props/Exotics will be offered on the more marquee games on the betting menu. These include, but are not limited to, Sunday and Monday night NFL games, various NCAA Football games, major Bowl games, and most Playoff and Championship games. There are also many other miscellaneous events that Props and Exotics will be offered for.
Examples and Definitions of Common Props/Exotics
Gamblers or prospective invest beware! Most gambling hype you read, see, or hear in regard to gambling/invested sports is misinformed, erroneous or simply designed to take your money before you even place a bet/invest. In order to be successful sports bettor/invested, you have to have skills in money management, play selection, a good attitude, and reasonable expectations as to what you can expect to win if you are successful. Let me give you a method of money management as an eye opener:
Most players start the season with absolutely no clue as to how much capital it takes to withstand the ups and downs of a typical football season. You should give yourself enough money to have a chance all year. Sport gambling is nearly always full of streaks. Even with great handicapping, you are still going to lose 40 percent of your bets, so be prepared. You have got a bankroll, so what is next? Divide it up as follows:
Here is the important part - Never risk more than 25 percent to 30 percent of your bankroll on any week. In other words, if you like 5 pro games you will bet 6 percent of our bankroll on each game. On the best plays you will bet 8 percent and maybe 2 to 3 times a year you will find a game that's worth 10 percent of your bankroll. If you love a lot of action, simply drop your bet size (2 percent to 3 percent), but never risk more than 33 percent of your bankroll in one day. If you win one week, your bankroll is larger so you'll automatically increase your bets as you win and conversely decrease your bets as you lose. The purpose of the reserve is to re-capitalize one of your bankrolls if the season starts out cold and you hit an early losing streak. In a typical year you should be cautious weeks 1 - 4, be bold weeks 5 - 12, and then revert to caution until the play-offs and bowl games.
This is a simple money management scheme and we will coach you on taking profits or when to use your reserve as the season progresses. There are more sophisticated methods of money management available, but for most people this method should work just fine.
This should give you a start in the right direction.
HOW TO HANDICAP A COLLEGE FOOTBALL GAME
The Labouchere system is named after Henry du Pre Labouchere (1831–1912), an English journalist and Member of Parliament, Labouchere gave credit for the system to Condorcet (1743–1794). Condorcet, a political leader during the time of the French revolution, was interested in applying probability theories to economics and politics.
Game 2: x-10-10-x
BETTING/INVESTED BASEBALL UNDERDOGS
- Underdogs: 6,917 - 9,644 (-153 units)
- Favourites: 9,619 - 6,891 (-641 units)
Even though the favourites won 58.3% of the games, bettors who backed only the favourites would lose four times as much as a bettor who backed only underdogs.
But since both scenarios will show a flat-rate loss, what we're looking for are certain situations that occur, where we can take advantage of the oddsmakers' tendency to inflate the line on the favourite, and look for value with the underdogs.
Underdogs often add more value than favourites. Betting underdogs is normally a good idea in any sport, but it is even more important in baseball where even good teams lose 70-plus games each year.
In 2010, $100 bettors that put a wager on every underdog would have lost $1,101.08. However, $100 bettors taking all favourites would have lost $5,046.33 (almost five times more than the dogs). The oddsmakers often inflate the line on the favourites because they know the general public likes to bet the favourites. Add a couple of filters and there is great value betting underdogs.
- Avoid laying odds worst than -150. To break-even with -150 odds you must win 60% of the time. Given that the top teams in the league win about 60% of the time and the bottom teams win about 40% of the time, you are throwing your money away if you are consistently betting on heavy favourites.
One of the most overlooked aspects of MLB gambling is baseball totals betting. This is a big area of the sport and one that you need to get a hold of to maximize profits. Last week I looked at a few key trends and stats in baseball and tried to find some reasons behind why they are important. One thing that is not surprising is that the New York Yankees are leading the majors in runs scored. What is surprising is that they also lead the American League in pitching with a 3.84 team ERA, but pitching still appears to be a major weakness on this team over the long haul.
The thing that is the most remarkable about the Yankees is that they have ripped opponents by the combined score of 80-52, yet the Bronx Bombers are just 6-6. One thing that stands out is that they are 0-3 in one-run games. By contrast, the new-look Red Sox (pitching and defensive-oriented) are 9-4 despite outscoring their opponents by a mere five runs. The Sox are 6-1 in games decided by one or two runs and 5-0 when they score four runs or fewer. Who knows how this will stack up over the course of an entire season.
Granted, it’s still early, but by examining trends like this we can explain many things from a handicapping point of view. Boston is 7-4-1 UNDER the total the last 12 games, which makes sense because the offense is not as good as recent years, but their pitching and defense is very strong. Boston is No. 2 in the AL in team ERA (3.87). The powerful Yankees offense is a big reason they are 8-4 over the total, a trend that is likely to continue, especially if their pitching comes back to the pack. Get ready for a lot of high scoring Yankee games as the weather gets warmer and the season progresses!
Behind those teams, the surprising Detroit Tigers have the third-best team ERA in the American League at 3.87. Newcomer veteran Kenny Rogers, Nate Robertson and Mike Maroth have been very good as starters, a combined 5-2. The trio has good control and giving the team 6-7 innings each start. They are a big reason the Tigers are 8-3 under the total, too.
The Atlanta Braves are 9-3 over the total and the big surprise to everyone is how bad their pitching has been. Their 5.72 team ERA is second worst in the NL, a big contrast to the years past! John Smoltz and John Thomsen have pitched well, but starters Kyle Davies, Tim Hudson, Jorge Sosa and Horacio Ramirez have been completely awful. Do they miss longtime pitching coach Leo Mazzone? Mazzone moved on to the Orioles this off-season, but the Orioles pitching has a 5.12 team ERA and is in the middle of the pack in the AL, and their 61 walks is the most in baseball. Maybe he just needed to be in Atlanta with his man Bobby Cox.
Toronto has to be delighted with the offensive performances of newcomers Lyle Overbay and Troy Glaus, who are both hitting over the .300 mark. The improved offense is a reason why the Blue Jays are 8-3 over the total averaging 6.2 runs per game. And speaking of totals, the Cincinnati Reds are 8-4 over the total. Is this a fluke? Nope: The Reds lead the league in home runs and slugging, while the pitching is 12th in the 16-team National League. It’s important to sift through