10 Tips for Betting on Football

Oakland comes to mind) seem like the Super Bowl. “When you’re in a good rhythm and winning, you want to increase your bets. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005). “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”

Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks.

Another difference between squares and sharps is how they approach betting on game day.

2. . The payout is just the same as far as he is concerned. Thanks to the juice, the only one who profits in this scenario is the bookmaker. There are almost an infinite number of scenarios that can happen in a single football game. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. Giving 11 to 10 odds is almost always the cheapest price you can give.”

And where does all that money go?

10.

Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football.

“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make.

7. “There will be more discrepancy in the numbers at different sports books. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. Otherwise, you’re better off doing your own research.”

1.

9.

“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”

So, how much should you bet a game?

Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.

8.

Moseman agrees and especially likes home underdogs. Not all games work according to this formula, but it is usually a good rule of thumb.”

“There is probably no better bet in sports than playing an underdog at home,” Moseman says. If you want advice about sports betting, find someone who has a successful track record. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”

But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.

“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. “He is not jaded by teams and does not bet with his heart. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. “Squares usually bet later in the week and they tend to pick the favorites. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. If North Texas is his best bet on a Saturday then that is his bet. “If you listen to their advice, you are sure to lose. “Thus, the bookies love and cherish the squares.”

However, Konik adds that there are some bettors who actually know how to beat the bookies.

And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”

“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains.

Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. Slim underdogs regularly win outright. The only locks that exist are those that need keys to open them.”

“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says.

6. So underdogs tend to be slightly undervalued – except by the sharps.”

Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has.

5. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. “Teams play inspired ball at home. To be a successful sports bettor you need to operate with a clear mind.”

“The talking heads on TV know nothing about sports betting,” says Sevransky. The NFL, for example, will have very similar numbers at most of the betting shops you visit. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. In fact, sports bettors must pick 52.4 percent winners just to break even.”

So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. Also, being “in action” can make a dull late-afternoon game (Buffalo vs. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”

Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined.

“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas. Chasing losses is the fastest way to the poor house.”

4. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”

So, how much are we gambling each football season?

While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”

But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. On college you will be able to find different lines at different sports books. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns.

“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. “The key to proper money management is to be sure not to bet more than you can afford to lose.”

3. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”

Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.

Certainly not back into the pockets of the average bettor. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites.

“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,'” Konik says

Sports betting vs. the stock market: Which is riskier?

A stock can theoretically be held onto for an infinite amount of time, but a sports bet can end in the blink of an eye.

“A large, steady company has a low chance of plummeting and causing you to lose all your money, but even Peyton Manning doesn’t cover the spread sometimes,” he said.

Related: 4 reasons September could be good for stocks

The betting appeal: Americans bet an estimated $380 billion each year on sports. While many stocks offer steady returns, investors sometimes hit the jackpot (think: buying Apple back in early 2009 or Tesla in 2012).

At the same time, investing in stocks actually carries higher upside potential.

Those are pretty good odds.

That’s the percentage of time that Stovall’s research shows the S&P 500 — the gold standard in the stock market — has increased in value during the years since 1926.

Such hedging tools are not as readily or even feasible to sports gamblers, Fine said.

All or nothing: Gambling on sports tends to be a zero-sum game.

Even the unlucky investors who jumped into the market at its peak in October 2007 eventually made their money back when stocks reclaimed their pre-recession levels in 2013.

“You can hold onto your betting tickets all your life, but you’re not going to get squat,” said Stovall.

Manning is really, really good at what he does for a living. The stock might go up and down some, but it typically doesn’t go to zero. And of course, they both hate to lose. Gambling on football star Peyton Manning to win might seem like a safe bet, especially compared with picking winners in the stock market. Which casino in Atlantic City, Las Vegas or Macau pays the bettor 73% of the time?” said Sam Stovall, chief investment strategist at S&P Capital IQ.

In the long run, investors have the chance to make more money because there are fewer downside risks.

CNNMoney (New York) First published August 31, 2014: 8:14 AM ET

They both believe they can predict the future, and they sometimes fall into the trap of making decisions with their hearts instead of their brains. Heck, even his commercials are funny.

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“Betting is more difficult and riskier,” said one resident of Hoboken, New Jersey, who bets on illegal gambling sites and also invests in stocks.

“You’re making a wager based on some facts and some intuitions.

Related: Apple and 9 other stocks hit new records

Investors also have the ability to spread their money out among many stocks. And in neither instance can you be guaranteed to be correct,” said Randall Fine, managing director of The Fine Point Group, one of the casino industry’s largest consulting firms.

But don’t let those similarities fool you. Gambling on sports may be more fun, but it’s definitely a more risky use of money than putting it in the stock market.

To put it another way, the stock market is a lot more forgiving than the MGM Grand (let alone your local sports bookie).

“A lot of people regard investing as gambling, but I frequently say no. People often invest in funds that buy dozens or even hundreds of stocks, which helps reduce the risk.

And investors have greater access to tools that can minimize the risk of losing money.

The same can’t be said for those who bet big on the Denver Broncos last Super Bowl. It’s easy to see why fans may be tempted to gamble on their favorite teams and athletes.

Related: How $2 billion Clippers bet could pay off

Gamblers and investors also have far different time horizons.

However, someone sinking $500 into Apple stock has little risk of losing that entire initial investment, especially in the short term.

But take it from one person who has lots of experience in both worlds. A bettor gambling on the Green Bay Packers will instantly lose his or her entire $500 bet if Aaron Rodgers and his teammates fail to win or cover the spread. He asked for his identity to be withheld due to legal concerns. For example, a stop-loss order instructs a broker to dump a stock when it tumbles below a specific price

For gamblers, Brexit was bigger than the Royal baby

CNNMoney (London) First published June 25, 2016: 3:41 AM ET

. Anyone that bet that the U.K.

They’re now taking bets on who will become the next U.K. will vote to remain in the European Union or leave.

Paddy Power Betfair said its biggest individual winner received a payout of £99,000 based on a bet worth £18,000. That works out to over $200 million. told CNNMoney that this was their biggest non-sports betting event ever, eclipsing gambling on the Royal baby and any past election. The London-based gambler who placed the bet lost it all because she predicted the U.K. would leave was guaranteed a bigger payout as the referendum drew closer.

Opinion polls in the immediate run-up to the referendum showed the vote was split about 50-50.

The U.K.

Overall, more people put small bets on Leave, while a smaller number of people placed large bets on Remain.

A William Hill representative said she later told the company, “My sadness is for the wider implications of the result, which is far more important than personal financial loss.”

Economists had long been warning that a British vote to leave the EU would slam the economy, currency, financial markets and the U.K.

Related: Brexit’s existential threat to Europe

Bookmaker William Hill said the biggest bet staked on the outcome of the referendum was £100,000.

The bet in this instance was very simple: Choose whether the U.K. is known for its active sports gambling market, with millions of pounds bet on soccer matches and horse racing. prime minister.

“The betting industry as a whole would have taken £150 million in bets,” estimated a representative at gambling firm Paddy Power Betfair.

The odds set by the bookmakers predicted that voters would choose to remain in the EU. But bookmakers are increasingly expanding into non-sports betting. real estate sector. would vote to remain in the EU.

Major publicly traded bookmakers in the U.K