Best Way To Win Money Betting On Football
When most people think about betting sides in football their thought process starts and ends with the point spread. That’s unquestionably the most common and popular way to bet on the winner of a football team, but it’s not the only way. The moneyline is thought by many people to be just the way to bet on baseball, hockey, and tennis, but there is a moneyline set for every NFL game and most college games. I would never suggest that the moneyline should be bet instead of the point spread in football. The moneyline is definitely something that even casual football bettors understand, though, so that they can use it if it makes sense and gives them a better chance for profit. Simply, the moneyline is a very powerful tool to have in your football betting toolbox.
The biggest reason why people shy away from the moneyline is probably that they don’t understand them. They are really quite simple once you figure them out, though. The biggest thing to remember, and expert sports handicappers know this, is that unlike the point spread all you have to do is figure out which team is going to win. It doesn’t matter how much they win by – if you bet on a team on the moneyline and they win then so do you. In order to balance out the action – to get about as much money bet on the underdogs as the favorites – sports books charge different prices for the favorites and underdogs. The easiest was to understand this is with an example. If the Patriots were slight favorites over the Jets in a game then the moneyline odds might have the Patriots at -130 and the Jets at +120. That means that you would have to bet $130 to make a profit of $100 on the Patriots. You could obviously bet any amount you wanted on them, and the payoff would be calculated at the same proportion. Because the Jets are the underdog and therefore at least theoretically less likely to win you are rewarded more for betting on them – the +120 means that you would make a profit of $120 for every $100 bet. Because you have to bet considerably more to make a $100 profit at -350 than you do at -130 the team at -350 would be a significantly bigger favorite. On the other side, a team at +350 would be a much bigger underdog than a team at +120.
Here are five situations where smart sports bettors might consider using a moneyline bet instead of a point spread bet in football:
College Football Betting. Now that we’ve gotten that out of the way, let’s talk about the fundamentals of college football betting. Much like the NFL, college football offers the standard bets: spread, moneyline, totals, parlays, and teasers. Unique to college football are the 1st quarter and halftime bets. Let’s take a look at each type. Parlay betting is a great way for bettors to potentially win big. Unlike betting on an individual game, parlay betting offers the unique opportunity to greatly increase your potential payout. It’s also an enjoyable and fun way to experience sports betting. Parlay betting is great if you have more than one favorite team and feel strongly about.
How To Make Money Betting On Football Uk
When betting on a slight underdog – Let’s say that you are betting on an underdog that is getting less than a field goal on the point spread. It’s certainly possible that the extra point or two you have in your favor are going to be relevant in the final score, but chances are good that you are betting on a slight underdog in a case like this not because you think that they are only going to lose by one point, but because you think that they have a good chance of winning the game outright. If you didn’t think that then your bet wouldn’t make much sense. In a case like that the moneyline make more sense than the point spread. You are going to lose on the moneyline if the team does win by one or two points (if the point spread is 2.5), so there is more risk involved. In exchange for taking on that slight extra risk, though, you have a chance at a nicer payoff. The point spread would generally be priced at -110, but the moneyline for the same team would be somewhere in the neighborhood of +120 (there is no direct relationship between point spreads and moneylines, so the best you can do is estimate). That’s a significant difference in potential payoff, and would certainly be attractive if you thought there was a good chance that the underdog was going to win outright.
When betting on a heavy underdog – If you have bet football for a while then you know that sometimes there are situations where you feel confident that a heavy underdog is not only going to cover a big spread, but has a very good chance of winning the game outright. Let’s say a NFL team is a 10.5 point underdog in a game, but you like their chances. If you bet them against the spread and they win outright then you get paid off at -110, so your $100 bet makes a profit of about $91. The moneyline on a 10.5 point underdog would be about +450, so that same $100 bet would generate a profit of about $450. You don’t have to be right very often to generate a better long term profit on the moneyline than against the spread. The trick, of course, is that the bet only makes sense if you think there is a good chance of an upset win. If not then you are just gambling, and smart bettors don’t gamble.
When you are parlaying – If you parlay three teams against the spread then you are paid off at fixed odds if you are right. Those odds are set by the sports books and are always significantly lower than the actual risk involved. For example, when you are betting a three team parlay there are eight possible outcomes – WWW, LLL, WLL, LWL, LLW, WWL, WLW, and LWW. Only one of those outcomes – WWW – would cause you to win your parlay bet. That means, then, that on the long term you would need odds of 7/1 to just break even, and better than that to make a profit. Most sports books pay off on three teams parlays at 6/1, or at best 6.5/1, though. That means that even if you can pick winners at the expected rate – harder than it seems – you are going to lose money over the long term. That’s called a negative expectation, and smart bettors hate negative expectations. Moneyline parlays don’t pay off at a fixed rate. Instead, the potential payout is essentially calculated by multiplying the odds of the games you are betting on together. If you were parlaying three games at +110 then the payoff would be exactly the same as if you bet on the first game, took all of your winnings and bet that on the second football game, and took all of the winnings from the that game and let it all ride on the third game. In other words, moneyline parlays payoff at true odds, and that’s always more attractive than negative expectations. That doesn’t necessarily mean that moneyline parlays are a good idea, but they aren’t as bad of an idea as point spread parlays usually are.
The statement I’m about to make will most certainly shock any sports bettor who reads it. While most of us are under the impression that everyone betting sports wins long term, so long as they bet often enough, this isn’t actually true.
Wait you’re not surprised? Of course you’re not! Everyone knows the bookmaker has an advantage so more times than not sports bettors lose. However, what if there was a way that the rolls could be reversed; what if the sports bettor always had the advantage?
This is in fact possible.
Have you ever heard the term advantage player? This is a label gambling companies assign to players who only bet when the odds are in their favor.
Even though “on average” bookmakers have a 4.55% advantage on straight bets (2.38% @ -105), the key word is “average”; advantage players find bets where the bookmaker’s advantage is negative. Whether your goal is to be a sports betting pro, or just earn a little money on the side, the first step to winning is to stop making –EV bets.
If you understand what expected value, -EV, and +EV mean, go ahead and skip down to our advice on finding +EV bets. If you’re not familiar with this concept continue reading.
Expected Value (EV) Explained
Expected value is a term professional gamblers use on a regular basis. To explain what it means in simple terms I’ll use an example. Let’s say me and you decided to have a coin flipping contest. We flip coins and you give me $1 for each outcome of heads; I give you $1 for each outcome of tails. We could flip coins for all eternity and neither of us will ever have an advantage because on average half the time we lose $1 half the time we win $1. While there will be swings back and forth, as long as we flip the coin enough times eventually we’ll both break even. This particular bet has neutral expected value.
Now let’s say I’m tired of flipping coins, and want to quit, but while begging me to stay you offer me a better deal. This new deal pays me $1.10 for every heads, and I still pay you $1.00 for every tails. What happens now is half the time I win $1.10 and half the time I lose $1.00. If we flip 100 times I should average 50 wins of $1.10 ($55) and 50 losses of $1 ($50). Every flip of the coin I have a positive expectation (+EV) of 5 cents. As the one offering me this proposition you have the opposite, every flip of the coin is 5 cents –EV for you.
Every wager made in sports betting has either a positive expected value (+EV), negative expectation value (-EV) or in rare cases neutral expected value. Winning sports betting requires avoiding –EV and finding +EV bets.
Finding +EV Sports Bets
The reasons most sports bettors don’t spend time learning the tricks of advantage players is it’s slightly time consuming, most have no leads how to do it, are overwhelmed or when they do learn it’s not actually fun. If you’re looking for something fun we suggest paint balling, a trip to the amusement park, circus or what have you. If you’re looking to actually make money then you’ll need to know how to find +EV bets.
At TheSportsGeek.com we have several articles on this topic you’ll want to read:
Teaser Betting Strategy – This is perhaps the easiest method a sports bettor can use to find bets with a positive advantage. When you also read our article on the current betting market, you’ll realize just before game time the lines are efficient. Teasers are based off the current betting lines, so no longer do you need to go do any deep analysis to find out whether as straight bet is +EV. Here find spots where teasers increase the win rate by enough and you’ll have a +EV bet. This is all described in our article on teaser betting strategy.
Prop Betting Strategy – Prop bets are generally considered the easiest wagering opportunity for sports bettors to beat. In our article on prop betting strategy I give a full break down of the prop bet “which team will score first”. After reading that article you’ll have enough information to start finding +EV bets on this specific prop. In time, as you get experience you’ll be able to solve other prop bet on your own and then beat them using as similar method to the one I show in the example.
Must Read Sports Betting Books
If you’re new to advantage betting some books that will help you greatly with the basics are:
1) Sharp Sports Betting by Stanford Wong
2) Weighing the Odds in Sports Betting by King Yao
Once you’re much more experienced and ready to take things to the next level then I strongly Conquering Risk: Attacking Vegas and Wall Street by Elihu D. Feustel. This is a book for advanced sports bettors and not a good read for anyone not already winning. It is heavily math, statistic and handicapping intensive. If you eventually decided on a career as an advantage player at some point down the road you’ll want to work to understand what Elihu D. Feustel shares in this book.
No matter what methods you use to find +EV bets, the information contained in our article on finding maximum value is a must read. Next, if you’re thinking about purchasing picks, read our article on winning without a tout. In that article you’ll also find some information on getting free picks. Use that with the earlier mention getting max value article, and shopping the market and you’ll likely be turning an easy, yet slightly time consuming profit.
With this out of the way let me now cover the easiest way to get your bankroll started: “Bonus Whoring”.
A Free Lunch in Sports Betting
Best Way To Win Money Betting On Football Games
If you’ve heard the saying there is no such thing as a free lunch, well think again. Here are some bonuses that sports betting sites offer to players making their first deposit:
At the time of writing this Bookmaker is offering a massive holiday bonus of 25% up to $2,500 sports + 175% up to $1,000 poker + 100% up to $250 casino. If you don’t have an account, visit Bookmaker and register using Bonus Code THEGEEK on the sign up field. After logging in, head to the cashier where the available “deposit bonus codes” will be listed. Use this code and you’ll now have the added advantage of massive free play bonus.
Bovada offers 10% cash bonus on bettor’s first deposit. The best thing about this bonus is it is instant and it’s cash (as opposed to free play). Also no crazy strings such as rollover, hold period etc, simply roll your initial deposit and 10% bonus over a single time and it is free and clear your own money to keep.
Here you can get up to $1,000 in free bonus money. Getting the max bonus is a multi step process. First sign up, and be sure to leave the Promotion Code field empty. Next follow the steps on our BetOnline Bonus page to negotiate a massive bonus with their live support.
When you combine +EV bets with free bonus cash, winning at sports betting is a cinch. The only piece of the puzzle you have left is protecting and growing your bankroll. Our best advice here, never wager more than a few percent of what you have on hand on a single game.
Once you have this all down, while it takes other sports bettors a lot of luck to win, the opposite is true for you. A bookie beating an advantage player who uses responsible bet sizing, keeps his composure during downswings while making only +EV bets, is quite difficult. Follow this and the only ways you lose is horrible bad luck!
Once again don’t forget to take advantage of the bonus at www.Bovada.lv!
How To Bet Money On Football
We wish you the best of luck and know soon enough you’ll be shacking your head confused the same at us, whenever you hear the statement “most sports bettors lose” and clearly you won’t be on of them.
Easy Way To Make Money Betting On Football
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