Look at the above example again. You and your buddy each paid $10 to the bookie to place your bet. That’s what the standard 11/10 odds in sports betting are all about. You bet the Cowboys and your buddy bet the Redskins, a total of $220 bet. The sportsbook has to pay back $210 to the winner, leaving a nice $10 profit no matter what happens on the football field. That $10 built-in profit is called the vigorish, and it’s the final monkey wrench in the gears of sports betting.
All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage. For many games, like penny slots or poorly placed roulette bets, are so bad that smart bettors earn their advantage by avoiding them altogether. In sports betting, the math is more complicated. Depending on your favorite sport, you may need to think about things like bye weeks, underdogs, quarterback ratings, and injuries with the same fervor other connoisseurs reserve for fancy winces.
When looking over a lot of college football betting predictions, it’s clear to see that the future might not be etched in stone for the Big 12. Some sports commentators and analysts covering college football spread picks said the Big 12 was unfixable. Well, 2 weeks ago, that statement may have been reasonable, but as of today, there is still ... Read More »
Straight-up bets, also known as the moneyline, are picks that are made on one club triumphing over the other. If Manchester City is playing Watford, in order to make a moneyline wager you’d need to pick one of those clubs to win. If you choose Man City and they do win, you’d win your moneyline bet. If the inverse happens and Watford wins, you’d lose your moneyline bet.