Avoiding the Causes of Losing Sportsbook Betting – The defeats that occur and you experience when playing online sportsbook bets certainly occur due to several causes and factors.
Losses happen and you’re lost There are a number of different ways to bet on professional sports, so let’s review some of the most common. An over-under bet, also known as a “total,” has a bet against a number that represents the total points scored in the game, betting on whether more or less total points will be scored. In NFL games, if the total bet is 38, the “under” bet wins if the score is less than 38 points, and the “over” bet wins if more than 38 points is scored. If the exact score is 38 points, all sbobet365 bets are considered tie and no money changes hands.
When playing online sportsbook betting, of course, this occurs due to several causes and factors.
A bettor usually gives the same 11-to-10 odds on the over-under bet I described above, but some bookies will try to charge a 6-to-5 (8.3 percent edge) on the over-underers.
If you want to be a consistently successful winner of over-under bets, stay away from bookies that have one of these rules. The usual way to bet on sports is a single match bet at 11 to 10 odds. This can be a bet on one team against the point spread, or an over-under bet on the total points scored in the game. However, there are other types of bets offered by bookies that seem attractive on the surface because they offer bonuses that are not present in live onegame betting at the same time. Let’s examine a few, and see why you should stay away from these “sucker” bets.
In parlay betting, a bettor chooses two or more teams against the point spread and all must win for the bettor to collect. Thus, going 1-1 (one win and one loss) on a two-team parlay yields the same result as going 0-2. In both cases, the bettor loses. Twoteam Parlays usually pay out odds of 13 to 5. If a person bets $50 on such a parlay and both teams win, he collects $130. If one or both teams lose, he loses his initial $50 investment. In a three-team parlay, the bettor who winning all three matches is usually paid at odds of 6 to 1. Losing any of the three matches is considered a loss. A winning $50 bet gives the bettor a $300 profit. In the rare event of one of the matches (the winning margin is the spread) the parlay is reduced to the lower number of the next match. For example, a draw and two wins in a three-team parlay create a two-team parlay bet (at odds of 13-5). Since the odds of winning one game are 1 in 2, and the odds of winning the second game are 1 in 2, multiplied by the odds of winning both games in the two-game halfway is 1 in 4, or 3 in 1 against. Thus, the payout odds should be 15-to-5, but no, they are 13-to-5. In a two-match $50 parlay there are three ways the bettor can lose $50 (Team A loses, Team B loses, or both teams lose) and one way the bettor can win $130 (both win). The average bettor will lose $150 (3/4 loss) for each time he wins $130 (1/4 win). The bettor in the long run will lose $20 of every $200 he risks, for a 10% loss – more than double the 4.55% loss that bettors face betting one game at a time giving 11 to 10 odds!
A variation of parlays is parlay cards, or “sheets,” where a bettor must choose at least three matches from a list, the typical prize for winning all three is 5-to-1. The rewards for choosing more games correctly are more attractive, but the chances of winning are worse. In the vast majority of cases, any game that ends in a draw with a spread resulting in all cards is considered a loss. Also, parlay bettors are almost always required to put their money in advance before the game is played, and rely on the operator to pay if he wins.
Card Parlays present worse odds as they require at least three selected matches and the payouts are worse (5 to 1 instead of 6 to 1 in a normal threegame parlay). Millions of people are stuck in the game sheet because the rewards seem so lucrative. However, what they don’t realize is that as the prize grows, the odds against them skyrocket.
Reversals are almost always bets with illegal bookies. The most common reverse is a two-team reverse, where the bettor chooses two teams against the spread, and both must win. Although bettors are paid 4-to-1 odds if both teams cover the spread, the same bettor is penalized if he goes 1-and-1 on the bet. Using the reversed $100 as an example, here are the potential results: