Bad Parlay Odds On Football Picks
Football betting in its various forms is a passion enjoyed by many people through-out the world. There are many ways everyday folks will bet on football games, some of the more common are: office pool picks, fantasy football contests, superbowl boards, straight up wagers, casual bets, and perhaps most popular - parlay tickets. Parlay tickets are a popular method the public uses for football betting. Betting on parlay tickets (sometimes referred to as accumulator tickets in Europe) are what I want to focus this discussion about.
Living in Reno Nevada you will find somewhere on the ticket the payout odds. Now just about all tickets where the player picks more than two teams (sides or totals) the odds are considerably against you to cash that ticket in. Yet the potentially lucrative payout still entices thousands of people every week to play the game and circle their best football picks on a given ticket - and usually they lose. That said, if you’re going to play parlay tickets outside of Nevada it’s very important to know the language of the payout odds. If you’re in the practice of placing sports bets more than a couple of times a year then it’s imperative that the bettor understand the payout odds.
The skilled sports bettor (whether the sport be tennis, horse racing, soccer or NFL football) primarily plays his picks straight-up. However, two-team parlay tickets can also be a lucrative style of betting picks. Rarely does a professional bettor place his betting action on anything greater than a 3-team ticket. The odds simply are not in the punter’s favor.
Let’s examine the payout language of a common 3 pick parlay. In Nevada, Europe, or playing at an offshore book, the odds on the ticket will typically read 6 to 1 for picking three (3) outcomes correctly. If you’re playing the ticket from a corner bookie you will often find the odds read 6 for 1 for picking three outcomes correctly (sides or totals). There is a subtle but very formidable difference in the language of the payout odds. Wagering $100 dollars and correctly picking three out of three winners on a ticket that pays 6 to 1 would net the bettor $600 dollars. That same wager ($100) on a ticket that pays 6 for 1 would net the bettor $500 dollars! That’s a 23% reduction in profits, and a deal breaker for knowledgeable bettors.
Consider this, that because of the juice, you have to win at least 52.5 percent of your wagers to break even (with straight up wagers). If you’re really good you will do well to win 53 to 63 percent out of a 100 wagers. If you’re exceptionally good you might hit 66% of your wagers in a good year (that would be a very good year). If you hit 63% of your picks out of a 100, playing all 3-team parlays that would likely be a winning season if you played in Europe, at an offshore book, or Nevada. However, if you hit the same 63% of your sports picks playing with the local corner bookie, who only paid out 6 for 1 odds - that would be a losing season betting season.
So the moral of this dissertation is to know the meaning of the language on your parlay tickets. Understand the significance of the ‘to’ versus the ‘for’ when picking a parlay ticket to place your action on. If the ticket odd says ‘for’ just run.
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There is nothing quite like making NFL Picks to top off a relaxing weekend. Sitting on the couch with a big bag of popcorn and the remote control … a sports bettors paradise especially during football season. But if it was that easy to pick winners we would all be rich and the sportsbooks would be out of business. Their is alot that goes into making your selections this time of year. First off the salary caps and the constant trading of players has made NFL Football more exciting then it has ever been, but also more difficult to handicap. Each week the lines and odds change all the way up to game time, and each week you have a chance to predict the outcome of each game while putting a little extra money in your pocket. The key is to have the right information to give yourself a betting chance. Information is key in the business of sports betting.
There is simply no other sport to bet on like NFL football. Major sports like baseball and basketball don’t enjoy the popularity of this elite sport. NFL is by far the most bet on sport and on any Sunday of the regular football season betting on football is part of every sports bettors day. Almost everybody who enjoys NFL football games, enjoys to place a bet on their favorite team. The secret to making smart bets versus bets with you heart ( or on your favorite team just for the sake of backing your favorite team ) is to get the information necessary to draw a educated conclusion. Even if this means going against your beloved team, bottom line is your picks are supposed to help put some cash in your pocket not make you feel good about the team you are going with. All in all if you can have some fun and put a few dollar bills in your wallet sports betting and in particular NFL football betting can be exciting, fun and profitable.
The thing is in order to be profitable you need to do the research yourself or get help from other football fans. Where do NFL Football fans and sports bettors go to get advice on NFL football ? The internet, just check out the online chat rooms , sports betting forum and sports handicapping forum you will see a ton of sports bettors looking to give advice or receive or just offer you a opinion. These are great places to start if you are looking for winning football picks this football season. Just remember to do your homework and bet with your head not over it and you should do just fine this football season. Also if you are looking for NFL football contest this football season then check out this great sports gambling forum they have ton and tons of great contests. This is great way to perfect your skills before you wager any money. Their is also alot of great information on this site to help you on your path as a experienced sports bettor, so have fun and have great NFL football season.
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