football gambling bet
football gambling bet
You may or may not have already learned that future bets are wagers placed far in advance of a sporting event after reading our Overview of Sports Gambling Bet Types. The basics are all there, so the purpose of this article is to explain why futures offer such strong value and give tips on improving your chances to win when betting futures.
The main advantage of futures is that you can get appealing odds by betting when oddsmakers first release them or well before an event is decided. For example, placing a future wager on the Kentucky Derby a month ahead of time can get you a much better price on a horse than betting much closer to the race when the real contenders are revealed for all to see. Future odds are not set and can be adjusted by sportsbooks periodically, but the odds at the time of your wager are the odds you are locked into.
A futures bet example with major team sports would be NFL futures, where you often can get much higher odds on a team by betting before the season starts. An NFL future bet on a team to win the Super Bowl might be 20/1 in the preseason, but by midseason, those odds might decrease to 10/1 if the team turns out to be a legitimate championship contender.
It's important to note that sportsbooks can change futures at any time, and they are available to be bet all the way until the event gets underway. Future bets are also not restricted to the championship game, as you can bet on who will win a conference or division too.
Future bets in NFL and college football, NBA and college basketball and MLB baseball are team-oriented in that you bet on the team's performance while proposition bets on non-team future events that involve individuals like boxing, tennis, golf and NASCAR are also available. Keep in mind that with futures you are always betting that the event will happen, on whether the team will accomplish something such as a championship and not against their chances of doing so. For example, if Duke is 5/1 to win the NCAA Basketball Championship, you can bet $100 on Duke and will win $500 if they win it all - but with standard future betting you cannot bet against Duke winning it all.
Tips to Win
The key to betting futures is realizing their true value and using the right Tips to Win. The most important consideration is determining what changes a team has made to enhance their chances of vying for a championship like the Super Bowl or World Series. Draft choices, coaching changes, free-agent signings, trades and returning starters all impact a team's ability to compete, so each aspect should be considered when making your future bet.
The DraftThe draft is a much bigger factor in NBA basketball and NFL football since a rookie can approach superstar status much earlier (i.e. LeBron James) than other sports like MLB baseball where it can take years for players to develop. Of course the way the drafts are structured, the weaker teams almost always select players higher than the stronger teams. However, elite teams like the San Antonio Spurs and New England Patriots are well-known for making the most of their picks despite poor draft positioning.
Player MovementNothing has changed the landscape of sports over the past 20 years more than free agency. Superstars like Shaquille O'Neal can simply walk away at the end of their contracts, forcing their teams to decide the likelihood of their re-signing and potentially trading them before their contracts are up to get something in return.
O'Neal is a perfect example to examine since he left the Orlando Magic as a free agent to join the Los Angeles Lakers in 1996, leaving the Magic with nothing in return. Eight years later, he forced the Lakers to trade him to the Miami Heat so the Lakers could get something in return while he was still under contract since he made it known he would not re-sign with them.
O'Neal's status changed the balance of power between the Eastern and Western Conference in both situations, with the Heat becoming serious title contenders in his first year with the team. A smart NBA futures bettor would have put money on the Heat to win the NBA title or Eastern Conference right after the trade was made.
In NBA basketball and MLB baseball, the midseason trade deadline could also be very critical to a team's improvement. The New York Yankees tried very hard to yank ace pitcher Randy Johnson from the Arizona Diamondbacks at the 2004 deadline and probably would have won the World Series if they had done so. Instead, they were forced to wait until the offseason to make the trade for Johnson and didn't have enough pitching to get past the Boston Red Sox, who went on to win the World Series.
In college football and basketball, there is the added dimension of a team's returning starters. Graduation or early defection of players to the pros play a critical role in the team's makeup for the next season and should be examined. However, while losing a Heisman Trophy winner like quarterback Carson Palmer in 2003 seemed to be a blow to USC's chances of winning a national title, it also allowed another Heisman Trophy winner to shine in Matt Leinart, so not all losses hurt an NCAA program.
Timing is everything with player movement. Sometimes these moves pay off, sometimes they don't, but they often seem to give teams a fighting chance in bettor's minds and make future bets more interesting.
Coaching MovesThe Tampa Bay Buccaneers made big news during the 2002 offseason when they pried Jon Gruden away from the Oakland Raiders to be their head coach. Tampa Bay management felt like they had the right players in place and just needed the right person to put all the pieces together and lead the way.
After a series of hiring mishaps, including the failed recruitment of coaching legend Bill Parcells, Gruden turned out to be their man and proved to be the difference. It wasn't cheap since it cost the Buccaneers a number of draft picks and money, but nobody could argue it wasn't worth the price when they won their first Super Bowl. The best futures price on the Bucs turned out to be before the regular season started and the full impact of Gruden was felt in Tampa and throughout the rest of the NFL.
Measuring True Value
Once you put all of the Tips to Win together, you need to try to measure the true value of a team's future bet chances. But your perception of how well a team will perform and how you interpret the significance of the Tips to Win will determine whether or not a team is worth betting on.
Sometimes a team comes along like the 1999 St. Louis Rams, who won the Super Bowl that year despite entering the season as a longshot at incredible 200/1 odds. When such longshots come in it demonstrates another strong appeal of future bets, that a fan can make a small bet on a longshot, enjoy following their results all season, and just maybe cash a huge ticket! A safer approach is to pick a playoff team or one that just missed out from the previous year and made some smart moves to turn them into a contender.
Betting the preseason favorite like last year's champs is a bit risky since their odds are already so low and a lot more money would need to be wagered to make it worthwhile. However, there is still some value in instances like this if you feel strongly that they can go deep into the playoffs again. The further they go, the smaller their odds will likely get along the way and the more value you will have by betting far in advance.
That's the bottom line with any futures bet - the true value comes down to how you feel about a team compared to the oddsmaker's projections. If your Tips to Win point to a team worth betting on and that team ultimately follows through, you'll have a rooting interest all season long and will get the very most out of your futures wager!
Game OutcomesThe most popular sports to bet on are NFL and college football along with NBA and NCAA basketball. There are multiple betting opportunities within those sports, beginning with the basic wager on a game's outcome (also called betting the side). Point spreads are used in both football and basketball in an attempt to even the attractiveness of each team in a match-up. (See our article detailing how and why point spreads are made)
But you could also simply bet on the money line, or straight-up winner of the game.
Oddsmakers use the money line so that more money must be risked on the favorite or expected winner and less money on the underdog to balance the action on both sides. While money line gambling is an attractive option for football and basketball bettors who only care about picking a winner, it is the primary option for those bettors who enjoy wagering on MLB baseball and individual sports like boxing, tennis, golf and racing events such as NASCAR. (More details on playing the Money Line)
Points (or Runs) ScoredAnother bet across all major team sports including football, basketball, baseball, and hockey involves wagering on the amount of scoring in a game, called an Over/Under total. For example, the Over/Under total on Super Bowl XXXIX was 48, which means a bettor could wager whether there would be more or less than 48 points scored by both teams combined in the game.
The final score of Super Bowl XXXIX was 24-21; the scoring of both teams added up to 45, which means the game went Under. So Under bettors won, and Over bettors lost.
Future BetsSports gambling doesn't end there. Betting sides and totals are the most common wagers available everywhere, but many sportsbooks also offer future bets on big upcoming events like who will win next year's Super Bowl and what movie will win Best Picture at the Academy Awards.
The main advantage of futures is that you can get appealing odds by betting far in advance. For example, with NFL futures you often can get much higher odds on a team by betting before the season even starts. A NFL future bet on a team to win the Super Bowl might be 20/1 in the preseason; but by midseason, their odds might decrease to 10/1 if they turn out to be legitimate championship contenders.
Proposition Bets (or Prop Bets)Proposition bets, also known as prop bets, focus upon the more exotic aspects of a game and are generally reserved for events that are widely televised. Prop bets are extremely popular when it comes to wagering on the Super Bowl in Las Vegas . The Imperial Palace Casino's sportsbook is well-known for the enormous number of prop bets offered. For example, you can bet on:
What team will win the coin toss What player will score the game's first touchdown What will be the exact margin of victory Types of Bets Straight BetInvolves one individual wager, whether it be on your team to cover the point spread, to win the game straight-up on the money line, or to go over/under the total.
ParlayA parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay bet is much better odds than placing each individual bet separately since the difficulty of hitting it is much higher.
Standard payoffs on a two-team parlay are 13/5; while a three-teamer pays 6/1; and a four-teamer 10/1.
Parlay cards are also fairly common in sportsbooks and popular with bettors, as they are released early in the week with set odds that do not change in return for a slightly lower payoff.
Round RobinAdventurous bettors who enjoy betting parlays sometimes put together a series of parlays called a Round Robin. A three-team Round Robin consists of one three-team parlay and three two-team parlays. For example, Joe likes teams A,B,C - with a Round Robin he has a three-teamer with ABC, and two-teamers with AB, AC, and BC.
TeaserSimilar to a parlay, a teaser bet is a single bet that links together two or more individual wagers, but is different in that the point spread is adjusted to your advantage on each individual wager. In exchange for the points, you get less of a return on your bet compared to a parlay. For example, a 6-point teaser would move the line on a 7-point favorite from -7 to -1, meaning the team would have to cover 6 less points. Each of the individual wagers must win or the bet is a loss.
These are the main types of sports bets available today. But as sports betting continues to grow, sportsbooks will continue to develop new and creative ways to bet. We'll continue to track these changes to the sports gambling landscape, so check back often and we'll tell you all about it!
Wager on the money lineHow to place a money line wagerStraight money line wagering is available with just about every type of sporting event, and even preferred in some. It is very straight forward and simple since the only requirement for victory is that you have the winning team when it's all said and done. Making a money line wager at a sports book is an easy process and ticket writers are more than willing to assist you. For the convenience of both the house and player, the best way to make a wager is to use the numbers assigned to each team by the official Nevada Sports Schedule. For the purposes of this discussion and for a point of reference, let's assume you wish to place a wager on the following hockey game, using the money line appearing on the tote board as followed;
200 Edmonton201 Detroit -240Difficulty Level: Easy Time Required: 2 minutes
--------------------------------------------------------------------------------Here's How:1. The team's assigned number is the number to the left of each team. In our above example, Edmonton is #200 and Detroit is #201. 2. This game will be referred to as game "200/201" with Edmonton being team #200 and the Detroit being team #201.
3. The number to the right of the team is the odds/money for that team, with the number always being listed beside the favorite. In our above example, the Red Wings are the favorite, and a player wishing to wager the Wings must risk $2.40 for every $1.00 they wish to win.
4. In this example, a player betting Edmonton would receive $2.00 back for every $1.00 wagered.
5. The home team is always listed on the bottom unless a neutral site is noted. In our above example, Detroit is the home team.
6. If a player decides to bet on Detroit they would go to the window and declare "I would like $24 to win $10 on team #201, Detroit for the win".
7. If a player decides to bet on Edmonton they would go to the window and declare "I would like $10 to win $20 on team #200, Edmonton for the win".
8. If Detroit wins, all those who bet on the Red Wings would win $10.00 for every $24.00 they bet, thus collecting $34.00 for every $24.00 wagered.
9. If Edmonton wins, all those who bet on Edmonton would win $20.00 for every $10.00 they bet, thus collecting $30.00 for every $10.00 wagered.
10. If the game ends in a tie, the game is a "push" and all bets are refunded.
11. The money line is standard for all sports in principle, although the "comeback" will ary from sport to sport and line to line. For example, a football money line may read
Baltimore +300Denver -400
*Note the difference between the favorite and underdog of a full dollar.
--------------------------------------------------------------------------------
Wager an NBA/CBK pointspreadHow to place a basketball wager - point spreadMaking a bet at a sports book is an easy process and ticket writers are more than willing to assist you. For the convenience of both the house and player, the best way to make a wager is to use the numbers assigned to each team by the official Nevada Sports Schedule. For the purposes of this discussion and for a point of reference, let's assume you wish to place a bet on the following game, appearing on the tote board as followed;
17 New York18 LA Lakers -6
Difficulty Level: Easy Time Required: 2 minutes
--------------------------------------------------------------------------------Here's How:1. The team's assigned number is the number to the left of each team. In our above example, New York is #17 and the Lakers are #18. 2. This game will be referred to as game "17/18" with New York being team #17 and the Lakers being team #18.
3. The number to the right of the team is the odds/point spread for that team, with the number always being listed beside the favorite. In our above example, the Lakers are a -6 point favorite over the New York Knicks.
4. The home team is always listed on the bottom unless a neutral site is noted. In our above example, the Lakers are the home team.
5. If a player decides to bet on Los Angeles they would go to the window and declare "I would like $11 to win $10 on team #18, Lakers less the six".
6. If a player decides to bet on New York they can go to the window and declare "I would like $11 to win $10 on team #17, Knicks plus six"..
7. If LA wins by 7 or more, all those who bet on the Lakers would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.
8. If LA wins by 5 or less, or if New York wins, all those who bet on New York would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.
9. If the game is settled with the Lakers winning by 6 points exactly, the game is a "push" and all bets are returned.
--------------------------------------------------------------------------------Create NFL/CFB betting squaresHow to set up football betting squaresHere's a fun and friendly way for a small or large gathering to fairly wager on the outcome of a football game, no sports knowledge or expertise required. Difficulty Level: Easy Time Required: 5 minutes
--------------------------------------------------------------------------------Here's How:1. Get a paper, pen and a deck of cards. 2. Make a 10 by 10 grid on the paper, so you have a square block of 100 cells.
3. Write the name of the visiting team across the top of your grid and the home team along the side of your grid.
4. Assign a dollar value to each cells which is suited to the tastes of your guests. (hint: do not price yourself out - you'll want to sell all 100 squares.)
5. Sell all 100 squares.
6. Once you've sold all 100 squares to your guests, count up the total prize pool, (purse) and assign the following prizes; 15% of total purse for correct 1st quarter score, 25% of total purse for correct 1/2 time score, 20% of total purse for correct 3rd quarter score, 40% of total purse for correct final score.
7. From your deck of cards, set aside one set of numbers ace (1) through 10.
8. Shuffle your ten cards and then flip them over in order, recording the numeric value along the top of your grid, with ace having a value of 1 and 10 having a value of 0. Repeat this procedure along the side of your grid as well.
9. Your 10 by 10 grid should now have a number representing each column along the top and each row along the side and should have one of your guests names accompanying each of the 100 cells contained in the grid.
10. Record the official score at the end of the 1st quarter, the half, the third quarter and the final score.
11. Cross reference the last number in each teams score as it relates on your grid to determine which of your guests wins each quarter pot.
Tips:
* Keep the emphasis on fun and involvement of all your guests. It is more important to get as many of your guests involved and to sell out all the squares than it is to generate a large purse.
--------------------------------------------------------------------------------Wager an NBA/CBK pointspreadHow to place a basketball wager - point spreadMaking a bet at a sports book is an easy process and ticket writers are more than willing to assist you. For the convenience of both the house and player, the best way to make a wager is to use the numbers assigned to each team by the official Nevada Sports Schedule. For the purposes of this discussion and for a point of reference, let's assume you wish to place a bet on the following game, appearing on the tote board as followed; 17 New York18 LA Lakers -6
Difficulty Level: Easy Time Required: 2 minutes
--------------------------------------------------------------------------------Here's How:1. The team's assigned number is the number to the left of each team. In our above example, New York is #17 and the Lakers are #18. 2. This game will be referred to as game "17/18" with New York being team #17 and the Lakers being team #18.
3. The number to the right of the team is the odds/point spread for that team, with the number always being listed beside the favorite. In our above example, the Lakers are a -6 point favorite over the New York Knicks.
4. The home team is always listed on the bottom unless a neutral site is noted. In our above example, the Lakers are the home team.
5. If a player decides to bet on Los Angeles they would go to the window and declare "I would like $11 to win $10 on team #18, Lakers less the six".
6. If a player decides to bet on New York they can go to the window and declare "I would like $11 to win $10 on team #17, Knicks plus six"..
7. If LA wins by 7 or more, all those who bet on the Lakers would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.
8. If LA wins by 5 or less, or if New York wins, all those who bet on New York would win $10.00 for every $11.00 they bet, thus collecting $21.00 for every $11.00 wagered.
9. If the game is settled with the Lakers winning by 6 points exactly, the game is a "push" and all bets are returned.
--------------------------------------------------------------------------------How to set up basketball betting squaresHere's a fun and friendly way for a small or large gathering to fairly wager on the outcome of a basketball game, no sports knowledge or expertise required. Difficulty Level: Easy Time Required: 5 minutes
--------------------------------------------------------------------------------Here's How:1. Get a paper, pen and a deck of cards. 2. Make a 10 by 10 grid on the paper, so you have a square block of 100 cells.
3. Write the name of the visiting team across the top of your grid and the home team along the side of your grid.
4. Assign a dollar value to each cells which is suited to the tastes of your guests.
5. Sell all 100 squares.
6. Once you've sold all 100 squares to your guests, count up the total prize pool, (purse) and assign the following prizes; 15% of total purse for correct 1st quarter score, 25% of total purse for correct 1/2 time score, 20% of total purse for correct 3rd quarter score, 40% of total purse for correct final score.
7. From your deck of cards, set aside one set of numbers ace (1) through 10.
8. Shuffle your ten cards and then flip them over in order, recording the numeric value along the top of your grid, with ace having a value of 1 and 10 having a value of 0. Repeat this procedure along the side of your grid as well.
9. Your 10 by 10 grid should now have a number representing each column along the top and each row along the side and should have one of your guests names accompanying each of the 100 cells contained in the grid.
10. Record the official score at the end of the 1st quarter, the half, the third quarter and the final score.
11. Cross reference the last number in each teams score as it relates on your grid to determine which of your guests wins each quarter pot.
Tips:
* Keep the emphasis on fun and involvement of all your guests. It is more important to get as many of your guests involved and to sell out all the squares than it is to generate a large purse.
--------------------------------------------------------------------------------Create NFL/CFB betting squaresHow to set up football betting squaresHere's a fun and friendly way for a small or large gathering to fairly wager on the outcome of a football game, no sports knowledge or expertise required. Difficulty Level: Easy Time Required: 5 minutes
--------------------------------------------------------------------------------Here's How:1. Get a paper, pen and a deck of cards. 2. Make a 10 by 10 grid on the paper, so you have a square block of 100 cells.
3. Write the name of the visiting team across the top of your grid and the home team along the side of your grid.
4. Assign a dollar value to each cells which is suited to the tastes of your guests. (hint: do not price yourself out - you'll want to sell all 100 squares.)
5. Sell all 100 squares.
6. Once you've sold all 100 squares to your guests, count up the total prize pool, (purse) and assign the following prizes; 15% of total purse for correct 1st quarter score, 25% of total purse for correct 1/2 time score, 20% of total purse for correct 3rd quarter score, 40% of total purse for correct final score.
7. From your deck of cards, set aside one set of numbers ace (1) through 10.
8. Shuffle your ten cards and then flip them over in order, recording the numeric value along the top of your grid, with ace having a value of 1 and 10 having a value of 0. Repeat this procedure along the side of your grid as well.
9. Your 10 by 10 grid should now have a number representing each column along the top and each row along the side and should have one of your guests names accompanying each of the 100 cells contained in the grid.
10. Record the official score at the end of the 1st quarter, the half, the third quarter and the final score.
11. Cross reference the last number in each teams score as it relates on your grid to determine which of your guests wins each quarter pot.
Tips:
* Keep the emphasis on fun and involvement of all your guests. It is more important to get as many of your guests involved and to sell out all the squares than it is to generate a large purse.
--------------------------------------------------------------------------------Wager an MLB run lineHow to place a baseball wager - run lineBetting the baseball run line is different from football and basketball since not enough points are scored to make the point spread wager feasible, however, making a bet at a sports book is still an easy process and ticket writers are more than willing to assist you. For the convenience of both the house and player, the best way to make a wager is to use the numbers assigned to each team by the official Nevada Sports Schedule. For the purposes of this discussion and for a point of reference, let's assume you wish to place a bet on the following game, using the run line appearing on the tote board as followed; 20 Baltimore (Erickson)21 NY Yankees (Cone) -1.5, -120Difficulty Level: Intermediate Time Required: 2 minutes
--------------------------------------------------------------------------------Here's How:1. The team's assigned number is the number to the left of each team. In our above example, Baltimore is #20 and New York is #21. 2. This game will be referred to as game "20/21" with Baltimore being team #20 and the New York being team #21.
3. The number to the right of the team is the run & money for that team, with the number always being listed beside the favorite. In our above example, the Yankees are the favorite, giving the 1 and 1/2 runs, plus a player betting New York must risk $1.20 for every $1.10 he wishes to win on a dime line.
4. Using the dime line in this example, a player betting Baltimore would receive the 1 and 1/2 runs and $1.10 return on every $1.00 wagered.
5. The home team is always listed on the bottom unless a neutral site is noted. In our above example, New York is the home team.
6. Unique to baseball, pitchers are also listed, (referred to as "the arms"). When betting the arms, should a listed pitcher not start the game - all bets are off and wagers are refunded.
7. If a player decides to bet on New York they would go to the window and declare "I would like $12 to win $11 on team #21, Yankees with Cone less the run and a half".
8. If a player decides to bet on Baltimore they would go to the window and declare "I would like $11 to win $12 on team #20, Orioles with Erickson plus the runs".
9. If New York wins by 2 runs or more, all those who bet on the Yankees would win $11.00 for every $12.00 they bet, thus collecting $23.00 for every $12.00 wagered.
10. If New York wins by 1 run or if Baltimore wins, all those who bet on Baltimore would win $11.00 for every $10.00 they bet, thus collecting $21.00 for every $10.00 wagered.
--------------------------------------------------------------------------------
POINT SPREAD BET
This is a single wager made on either the favorite or underdog team. A wager on the favored team means that this team must not only win but win by the specified point spread. A wager on the underdog means that this team may either win or lose as long as they do not lose by the specified point spread.
Rules
A "-" or the term "by" indicates the favored team, the associated points must be subtracted from this teams final score. A "+" or no text next to the team indicates the underdog team, the associated points must be added to this teams final score. Including the point spread, if the wager results in a tie (push) then the wagered amount is refunded. The point spread is subject to change at any time. Once a wager is confirmed at a given point spread, that is the point spread for that wager regardless of subsequent changes. The odds on all point spread wagers are 10/11 ($110 wagered to win $100) unless specified otherwise. ExampleLet's assume you wish to place a bet on the Denver Broncos NFL football team. You like Denver in their game against the Green Bay Packers and think that they can win the game and you’ve got $100 to bet with. The line on the contest would appears as follows:
GREEN BAY by 5
Denver 46
The point spread is shown as "by 5" meaning that Green Bay is favored and expected to win by 5 point or more. The number 46 refers to the Total Score (Over/Under) and is a separate wager. After placing your $100 wager (SEE: POINT SPREAD SIMPLE BET for details on how to place this wager) the game ends with the following results:
GREEN BAY 31
Denver 28 FINAL SCORE
Even though Denver lost the game you would have won the bet, winning $190.90 ($90.90 won + $100 bet). By adding the 5 points to the Bronco's final score, the final betting score becomes:
GREEN BAY 31
Denver (28 +5 =) 33 FINAL SCORE w/ POINT SPREAD
--------------------------------------------------------------------------------
TOTAL SCORE (OVER/UNDER)
A total score wager (also known as an Over/Under wager) is a single wager on the total number of points that will be scored by both teams combined at the end of the contest. Rather than wagering on whether one team is going to win or lose you are betting on the total number of points scored by both teams combined.
Rules
To win an OVER wager, the total points scored by both teams combined (sum) must exceed the posted number To win an UNDER wager, the total points scored by both teams combined (sum) must be less than the posted number If the Total Score is the same as the number for the (a tie/push) then the wagered amount is refunded. The Total Score (Over/Under) number is subject to change at any time. Once a wager is confirmed at a given Total Score number, that is the number for that wager regardless of subsequent changes. The odds on all Total Score wagers are 10/11 ($110 wagered to win $100), unless otherwise specified. ExampleLet's assume you are really interested in the Green Bay Packers versus the Denver Broncos game. You really like both teams and aren’t sure who is going to win but you know that both teams have a strong tendency to score a lot of points with their potent offenses. The perfect wager in this case is to wager that the total score of the contest is going to go OVER the posted total score number. Checking the lines posted on the contest you see the following:
GREEN BAY by 5
Denver 46
The 46 number across from Denver represents the Total Score line (Over/Under) on this contest. The number represents the expected total number of points to be scored by both teams combined at the end of the contest. You know that both teams are going to score a lot of points, therefore, the obvious choice is to wager that the combined score will go OVER 46 points (SEE: TOTAL SCORE (OVER/UNDER WAGER). After placing your wager the game is played with the following results:
GREEN BAY 31
Denver 26 FINAL SCORE
TOTAL SCORE 57 (11 points OVER 46)
By combining both scores you end up with 57 total points scored. The Total Score number was 46 points, meaning you won the bet easily by a 11 point margin!!
--------------------------------------------------------------------------------
MONEY LINE WAGER
This wager is simply a straight wager on which team will win the contest outright. However, the pay off odds for each team vary depending on which team is favored to win.
Rules
Pay off odds determine which team is favored, usually the favored team will have a "-" (minus) sign next to the odds. No sign, or a "+" (plus) placed before the line, would mean that the team is the underdog. On a double negative match-up, the highest of the negative lines id the favorite of the game. All lines are based on a $1.00 value. Meaning, for all negative lines, the price (on this decimal value) of the money line is what the customer wagers to win one dollar. For example: on a line of -170, the customer has to wager $1.70 to win $1.00. On a positive money line, the price (it's decimal value) of the money line is what the customer wins risking one dollar. On a line of +130, the customer would lay $1.00 for every $1.30 he/she wants to win. There are no set pay off odds, each team in a contest has different pay off odds for winning Including the point spread, if the wager results in a tie (push) then the wagered amount is refunded. The pay off odds are on either team are subject to change at any time. Once a wager is confirmed at the given odds, those are the odds for that wager regardless of subsequent changes. ExampleLet's assume you are really interested in wagering $100 on the Green Bay Packers in their game against the Denver Broncos. You really like Green Bay to win but your not sure if they can beat Denver by 5 points. A money line bet will let you bet the Packers without taking a chance with beating the point spread. Checking the lines posted on the contest you see the following:
Contest Point Spread Money Line Total Score (Over/Under)
GREEN BAY by 4 -170 46
Denver +150 46
Green Bay is the favored team here as noted by the "-170" under the money line bet. Selecting Green Bay to win on a money line wager for $100 will result in winning $158.82 (or odds of $170 wagered for each $100 won). For illustration purposes, on the opposite side, the underdog team Denver has 150 listed beside it, and translates into winning $250 for each $100 wagered on Denver to win the contest.
--------------------------------------------------------------------------------
PARLAYS
A parlay is a multi-proposition bet, stringing together multiple point spread bets, total score bets, money line bets, or any combination of the those in order to increase the pay off odds.
Rules
Ø All wagers included in parlay must win for the parlay to win and pay off
Ø A tie or push of any of the contests included in the parlay removes that wager from the parlay, leaving only remaining games in parlay (3 wager parlay becomes 2 wager parlay or 2 wager parlay become straight bet). This also applies to a canceled or postponed contest. Note that when a two-team parlay becomes a straight bet, the original amount of the parlay is risked on the straight bet. The payout of the wager is calculated with the odds of the remaining team.
Ø Parlaying wagers from different sports is allowed (when technically possible)
Ø Pay off odds increase as number of wagers parlayed increase (SEE: PARLAY ODDS TABLE)
Ø Minimum of 2 wagers, maximum of 10
Ø Circled contests may not be included in a parlay
Ø Up to one point may be bought on a two and a three-team parlay only.
Ø Limits cannot be exceeded by betting the same parlay multiple times (we reserve the right to void all bets if this is found to be the case)
ExampleLet's say you’ve got $100 to wager with and want to bet on the Nebraska Cornhuskers of college football, the Dallas Cowboys of the NFL, and the Over on the Green Bay Packers game in the NFL. After doing your homework, you are very confident that all these wagers are winners. To take advantage of this situation and maximize your profitability you would want to parlay all three wagers together. By doing this you increase you potential winnings from $90.90 to $600 on the same $100 wagered. Now, let’s illustrate the difference in wagering your $100 on each individual contest and the same $100 on parlaying all 3 games together. Selecting the appropriate contests the contest would appears as follows:
Individual Bets
NEBRASKA by 13
Colorado Bet: $33.33 Win: $63.63
Washington by 6
DALLAS Bet: $33.33 Win: $63.63
GREEN BAY by 6
Detroit Bet: $33.33 Win: $63.63
TOTALS: Bet: $100.00 Win: $190.90
Parlayed Bets
NEBRASKA by 13 (Parlay) Washington by 6 (Parlay) GREEN BAY by 6
Colorado DALLAS 45 Detroit 42 Bet: $100 Win: $700.00
TOTALS: Bet: $100.00 Win: $700
As seen above, a parlay significantly increases your pay off odds over those paid on straight bets. The trade off is that each wager must be won individually in order for the parlay to win and pay off.
BASEBALL/HOCKEY Example Baseball and hockey parlay odds are figures based on the particular contests chosen for the parlay. For example, the odds for a 3-wager baseball or hockey parlay will change depending on the teams/totals chosen for the parlay. The following baseball parlay example illustrates this (hockey parlays are figured exactly the same as baseball). Let’s place a 3-wager $100 parlay on the Boston Red Sox’s, Texas Rangers, and the Over on the San Francisco Giants vs. St. Louis Cardinals baseball games. The lines are as follows:
Atlanta –180 (O 11 – 120) San Diego +220 (O 10 -110) San Francisco -105 (O 9 +125)
BOSTON +160 (U 11 – Even) TEXAS -260 (U 10 –110) ST. LOUIS -105 (U 9 –145)
First, let’s make sure that everyone understands what appears to be a complex mathematical equation in the form of the lines. The “-180” and “+160” indicate that Atlanta is favored with odds of 100/180 on betting them to win (risk $180 to win $100) and that Boston is the underdog with 160/100 odds for a win bet on them (risk $100 to win $160). The Total Score/Run also has money line odds, the “(O 11 –120)” and “(U 11- Even)” indicate that betting the total score will exceed 11 has odds of 100/120 (risk $120 to win $100) and betting the total score will be under 11 has odds of 100/100 (even money, risk $100 to win $100).
Now let’s show what the odds are for our choices for the 3 wager parlay; Boston Red Sox to win +160, Texas Rangers to win –260, and Over 9 runs scored in the San Francisco Giants at St. Louis Cardinals +125. Looking up each one of these odds in the BASEBALL/HOCKEY PARLAY ODDS CONVERSION TABLE gives the following decimal odds for each:
Boston +160 = 2.60 Texas –260 = 1.38 Over (SF vs. STL) +125 = 2.25
Thus, the pay off for parlaying all three wagers together is figures as such:
Pay Off = (2.60) x (1.38) x (2.25) = 8.073 x $100 (wager amount) = $807.30
The pay off for the 3-wager parlay is $807.30 ($707.30 won + $100 wagered). Each parlay must be figured independently for the given money lines offered. Fortunately, this is done automatically when you select your wager amount for the given parlay.
--------------------------------------------------------------------------------
TEASERS
A teaser is a special type of parlay in which you adjust the point spread or total of each individual play in your favor. The price of moving the point spread (teasing) is lower pay off odds for winning wagers.
Rules
All wagers included in teaser must win for the teaser to win and pay off
A tie or push of any of the contests included in the teaser removes that wager from the teaser, leaving only remaining games in the teaser. In this event the payout odds will change to reflect the number of teams remaining in the teaser.
A two-team teaser with a push is a loss.
Teasing wagers from different sports is allowed (when technically possible)
You may only tease the complete game on the spread or the total, not any fraction of the game (first half, half time, quarters, etc.)
Pay off odds increase as number of wagers parlayed increase (SEE: TEASER ODDS TABLE BELOW)
Minimum of 2 wagers, maximum of 10
Circled contests may not be included in a teaser
Football and basketball are the only sports teaser wagers can be placed on
Teaser points will apply to each wager in the teaser (you cannot tease one wager 6 points and another 7 points within the same tease)
In the event one of the contests included in a teaser is canceled or postponed, that contest will be removed from the teaser and the remaining contests will constitute the teaser (i.e. 3 wager teaser will revert to a 2 wager teaser). If the initial teaser only involves 2 contests or 2 wagers on the same contest then the teaser will be canceled and all wagers refunded.
Teasing wagers from different sports is allowed (when technically possible)
No Buying Points on Teasers
Limits cannot be exceeded by betting the same teaser multiple times (we reserve the right to void all bets if this is found to be the case)
Teaser Odds Table # of Points Teased Basketball 4 4.5 5 Football 6 6.5 7 No. of wagers Odds 2 10 to 11 5 to 6 10 to 13 3 8 to 5 3 to 2 6 to 5 4 5 to 2 2 to 1 9 to 5 5 9 to 2 4 to 1 7 to 2 6 6 to 1 5 to 1 4 to 1 7 9 to 1 8 to 1 7 to 1 8 14 to 1 12 to 1 10 to 1
ExampleLet's say you’ve got $100 to wager with and want to bet on the Nebraska Cornhuskers of college football, the Dallas Cowboys of the NFL, and the Over on the Green Bay Packers game in the NFL. However, after viewing the point spreads on each contest your not quite sure if your teams can overcome the points. Moving the point spread a full 6 points (a touchdown) in the favor of each of your teams would make your decision much easier. This can be accomplished by simply teasing these games together. Selecting the appropriate contests the process would go like this:
Regular Posted Lines Lines After Teasing Contest Together By 6 Points
NEBRASKA by 13 NEBRASKA by 7
Colorado Colorado
Washington by 6 Washington by 0
DALLAS 45 DALLAS 45
GREEN BAY by 6 GREEN BAY by 6
Detroit 42 Detroit 36
Notice that each wager is adjusted by the same margin
--------------------------------------------------------------------------------
REVERSE BETS
The Reverse Bet is a money management tool for the bettor similar to an IF bet. A reverse is a series of IF bets going both forward and in “reverse” order. Each team included in the Reverse will pair with another team to form two IF bets, one with that team first and another with that team as the second team in the IF. Each bet in the reverse is an individual straight wager for the full amount of the reverse (each bet is for the same amount). All bets in the Reverse are bet with the condition “If, win only” meaning the next bet will only be placed if the previous one wins (ties or cancellations will void all subsequent bets).
Rules
Ø The rules of IF bets apply
Ø The amount chosen for the Reverse is the same amount for each IF bet in the Reverse
Ø The maximum risk of the Reverse is calculated by multiplying the highest risk between the straight bet times two.
Ø The maximum win is calculated by adding all wins of the straight bets on the IF bets.
Ø 2-10 teams may be including in a Reverse. In the case of more than two teams chosen the reverse is all possible combinations of two team if bets and their reverse with all the selections.
Ø Each bet included in the Reverse is bet under the condition IF Win Only. Ties and cancellations will void all subsequent bets
Ø No Open bets are allowed in a reverse
ExampleLet’s say you have locked two picks for Sunday’s football. You want to make more money than a straight bet, but you want to minimize your losses. The reverse bet allows you to do this. By definition a Reverse is a two-way IF bet following always the IF win, tie, cancel condition. Let’s give an example to make it easy to understand how it works.
2 team Reverse for $100
Vikings -3
Seahawks 38
This is the equivalent of having the following two if bets:
2 team if bet
Vikings -3 risking $110 to win $210
If win, tie, cancel
Seahawks Over 38 risking $110 to win $210
2 team if bet
Seahawks Over 38 risking $110 to win $210
If win, tie, cancel
Vikings -3 risking $110 to win $210
On the first If bet you are risking $110 to win $310 and so on the second if wager. Therefore, with a Reverse bet you are risking a maximum of $220 to win a maximum of $620. Let’s analyze all the possible scenarios.
1) Vikings win and Seahawks over win: In this situation you will win the maximum possible. In this case a total of $400 plus the $220 risked for a total of $620.
2) Vikings win and Seahawks lose: In this case on the first if bet (Vikings if to the Seahawks) you win the top straight bet and lose the second one. For a total loss of $10. On the second if (Seahawks if to the Vikings) you lose the first straight, having no action on the second one. For the second if there is a loss of $110. This gives a net loss of $120 for this situation.
3) Seahawks win and Vikings lose: This follows the same result as the last example.
Both teams lose: This would make for this example the worst-case scenario and you would lose the $220.
--------------------------------------------------------------------------------
ROUND ROBIN BETS
The Round Robin is an excellent tool to minimize the risk of combining several teams in one parlay while still capitalizing on higher payoffs offered by parlays. A Round Robin is a multi-team wager that allows you to use the same teams to create a group of parlays. By definition a Round Robin is all possible combinations of two, three or more team parlays with the chosen teams. When more than 3 teams are selected, options are available for how the parlays are combined (2 team parlays, 3 team parlays,……etc). For example, in choosing a 4 team Round Robin there would be an option of combing the teams in 4 – 3 team parlays or 6 – 2 team parlays.
RulesAll parlay rules apply. You may buy points on combinations of two and three team parlay Round Robins. Round Robin wagers from different sports is allowed (when technically possible) 3-10 teams are allowed in a Round Robin Circled contests may not be included in a Round Robin ExampleLet’s say you are betting on the Sunday NFL games. You did your analyzing already and picked three games. You really like these games and you are sure all of them are winners. You don’t want to place them on a three team parlay, because you want to minimize you losses. You don’t want to have them on straight bets either because the profit is not what you are looking for. This is the perfect scenario for a Round Robin. You place all three teams on a Round Robin and you have all possible combinations of two team parlays, in this case, with all three teams chosen. You will lay the same amount chosen on the Round Robin per parlay. To finish our example, let’s name our picks: Minnesota Vikings, St. Louis Rams and Green Bay Packers.
3 team Round Robin for $100
Vikings -3
Rams -10
Packers -7
This 3 team Round Robin is the equivalent to have the following parlays:
2 team parlay
Vikings -3
Rams -10
Risking $100 to win $260
2 team parlay
Vikings -3
Packers -7
Risking $100 to win $260
2 team parlay
Rams -10
Packers -7
Risking $100 to win $260
In this example your Maximum Risk is $300. Your Maximum Win is $720. This is the maximum money you can loose and the maximum money you may win. But remember by choosing this play you are minimizing your risk by splitting your plays into three two team parlays.
--------------------------------------------------------------------------------
BUYING POINTS
This wager is an additional wager placed on a point spread or total of the game wager, allowing the user to move the point spread in the favor of the team or total they choose. The price of moving the point spread is a lower pay off for the wager.
Rules
Point spread rules apply Points are purchased in half point increments. The price of purchasing additional point is lower pay off odds (SEE Table Below) Points may be purchased on Total Score wagers when offered (not offered for Baseball Totals) Point may not be purchased on circled games, parlays, teasers and action points. Up to 3 points may be bought on If bets and Reverses. Up to 1 point may be bought on a 2 and 3 team parlay. No points may be bought on parlays above 3 teams. When buying points on or off a 3 point spread line, there is an extra 10 cent charge to the price of the game in pro and college football. Buy Points Odds Table
# Points Odds Cost New ML Odds Decimal Payout 1/2 10 to 12 -10 -120 .8333 1.8333 1 10 to 13 -20 -130 .7692 1.7692 1 1/2 10 to 14 -30 -140 .7143 1.7143 2 10 to 15 -40 -150 .6667 1.6667 2 1/2 10 to 16 -50 -160 .6250 1.6250 3 10 to 18 -70 -180 5556 1.5556 3 1/2 10 to 20 -90 -200 .5000 1.5000 4 10 to 22 -110 -220 .4545 1.4545 4 1/2 10 to 24 -130 -230 .4167 1.4167 5 10 to 26 -150 -260 .3846 1.3846 5 1/2 10 to 28 -170 -280 .3547 1.3547 6 10 to 31 -200 -310 .3226 1.3226 6 1/2 10 to 34 -230 -340 .2941 1.2941 7 10 to 37 -260 -370 .2703 1.2703 7 1/2 10 to 40 -390 -400 .2500 1.2500 8 10 to 43 -320 -430 .2326 1.2326 8 1/2 10 to 46 -350 -460 .2174 1.2174 9 10 to 51 -400 -510 .1961 1.1961 9 1/2 10 to 56 -450 -560 .1786 1.786 10 10 to 61 -500 -610 .1639 1.1639
ExampleLet's assume you wish to place a bet on the Denver Broncos NFL football team. You like Denver in their game against the Green Bay Packers and think that they can win the game and you’ve got $100 to bet with. The line on the contest would appears as follows:
GREEN BAY by 5
Denver 46
· The point spread is shown as "by 5" meaning that Green Bay is favored and expected to win by 5 points or more. The number 46 refers to the Total Score (Over/Under) and is a separate wager. While placing your $100 wager you decide that you would feel more comfortable if you got to add 6 points to Denver’s score rather than 5. Choosing Denver to win, entering the bet amount, and then choosing the "Buy Point" drop down menu, you proceed to place your wager (SEE: BUYING POINTS for details on how to place this wager). The game ends with the following results:
GREEN BAY 31
Denver 26 FINAL SCORE
· It’s a good thing you bought that extra point, even though Denver lost the game you would have won the bet, winning $176.92 ($76.92 won + $100 bet). By adding the 6 points to the Bronco's final score, the final betting score becomes:
GREEN BAY 31
Denver (26 +6 =) 32 FINAL SCORE w/ POINT SPREAD
http://www.enterbet.com
Sports gambling, Bet, including NFL football, college basketball and pro baseball action. Sports Gambling Basics, Handicapping Theory, Picks, football bet , football bet.
Compare Football betting odds, NCAA football, gambling, experts teach you about college football betting. Football bet.
Football betting odds, NCAA football gambling, college football betting.Bet college football. Parlay Bets. Parlay Cards. Sports Betting Tips. Sports Betting 101.
Gambling Terms, football betting online, football gambling odds, bet NFL, Pro Football, bets. Round robin bets. NFL Football. NFL football sports betting lines, Football Parlay Odds, NFL schedules, football money lines, football Teaser, or any football gambling information, Teasers can not be straight bets.
Future Bets. Odds To Win The National Championship, Online Gambling, Online Sportsbook.
Bet Sports NFL football betting, NCAA football gambling, basketball odds, also bet on futures, NFL and NCAA proposition bets.
Labels: bet odds, bet on NFL teams, football gambling bet, football sports, pick on football
#
posted by football betting : 3:26 PM