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As a rule of thumb, I would not place a wager on more than five games in a given day. Parlays are tempting to bettors because of the potentially big payouts if their bet cashes. A typical two-team parlay will pay out roughly 2. If one were lucky enough to hit an eight-team parlay, they could stand to win times their original wager. Those kinds of stories are nothing more than lottery tickets. Last time I checked, people were not so confident that they were going to win the lottery.
There is nothing wrong with making a parlay bet as opposed to individual bets on the same games. However, do not be tempted by the allure of a big payout while having to hit six or more legs of a parlay. If you are going to bet parlays, stick to two or three team plays. You will not win times your money, but you will have a much better chance of returning a decent payout than losing your original wager altogether. Thus, casinos and sportsbooks are successful because they rarely lose.
In order for a sportsbook to take a big hit, they would need a large percentage of money to be bet on one side of a game and have that side end up being the correct side. If that happened, the sportsbooks would pay out more money than they collected from losing bets. This is especially true if the oddsmakers do not adjust the line out of fear of vulnerability.
Take this situation for example. There are many resources available to track the percentage of bets and the amount of money being bet on each side. Often times, oddsmakers would adjust the line and increase the spread, possibly making the Cowboys as big as nine-point favorites.
In a situation like this, it is always advisable to fade the public and bet on the Giants. This strategy is not foolproof, but as long as sportsbooks are profitable, so will you be by employing this strategy. These same people may not realize that other sportsbooks may have better lines on games they are betting. In many sports, even a half-point difference in a line can be significant. If one bet a team to cover an 8.
However, if one got the same team with an eight-point spread, they are less vulnerable since winning by eight is no longer a loss. With how secure sportsbooks are, there is no harm in opening accounts at multiple places. If you bet the Over and the total points scored end up being or higher, you win your bet.
If the total points scored are or fewer, you lose. The juice is the commission you have to pay to the sportsbook for them to accept your wager. With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of.
To see if sports betting is legal where you live, check out our state-by-state tracker. Some of the biggest states that have legalized mobile wagering include Colorado , New Jersey , Pennsylvania , Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online.
Click to return to table of contents. In the end, you have the final say on how much to risk on a game, but a good rule is risk only what you can afford to lose. Sports betting is a marathon, not a sprint. There will be good days and bad days. As a result, we recommend a flat-betting approach. They are unique to the team, sport and league, and universal across most sportsbooks.
Much like stocks on Wall Street, the sports betting market is fluid. Lines can vary based on the sportsbook, because different books have different clienteles. As a result, one book may post the Cavs -8 while another has Having access to more than one sportsbook allows you to shop for the best line.
Getting an extra half-point might not seem like a huge deal, but it adds up over the long haul and increases your chances of winning. Our live odds pages will automatically surface the best line for every game. These are all a good thing to know, and it can allow you to maximize your winnings. Check it out for free here. Sports Betting. Best Books. Action Network Staff. Download App.
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