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Calculating bets on Football games Tuesday, Mar 30 2010 

Most gamblers that bet on football games go to great lengths when it comes to accumulating and calculating statistics in order to make a calculated bet. These calculations involve the yards per point, points gained per hundred yards, and various other statistics they can gather. Basically everything the player thinks will give an edge will be taken into account in order to make the best bet at the least risk. Obviously that takes a lot of time before all information is processed and calculated and an outcome has been produced that the player can bet on. It is also quite pointless.

When placing a wager on a football game there is such a thing as over thinking it. Calculating everything in great detail is not always the best approach when it comes to sports betting. A lot of the information available is statistics that involve a high level of chance, and past success is by no means a guarantee for the future success. Some of the best sports bettors out there that have been placing wagers on these types of games for years and years only need a few minutes in order to determine who to bet on, by simply calculating the points scored per team.

In general a period of 6 seasons are used to calculate the scores and a distinction is made between the top 5 teams with the highest amount of points and the 5 lowest scoring teams.

Though there is no guarantee that those teams will continue in the way the outcome of these calculations predict, it is an indicator and makes it possible to bet on or against a team predicting an outcome that is more likely to come true. In fact this is the closest thing to placing a calculated bet on a football game; everything else is unlikely to contribute anything to the betting chances of the player.

While these calculations are in no way fool proof, and as stated there are no guarantees, it is easier to place a bet based on these calculations rather than taking every little detail into account. The results of a team, like the bets itself, involve a relatively high amount of chance. Therefore it is rather pointless to calculate it all with the expectation to gain the advantage over the other gamblers placing a wager. It is better to keep it to the simple statistics and use figures that are most likely to come to pass.

In other words, use the K.I.S.S method: Keep It Simple Stupid!

M.A.H.

Parlay Betting Wednesday, Mar 3 2010 

Due to the potentially large winnings possible while betting small amounts of money, parlays are amongst the most popular sports bets around. When betting on several teams, where all of them must win in order for you to win the bet is called a Parlay. It does not matter whether you bet on 3 teams or 4, the only thing all parlay bets have in common is that all bets must win or end in a tie, or you lose the bet.

Fixed parlays

For example, let’s assume you placed a bet in a fixed 5 team parlay at 25 -1 odds. This means if you win you receive $25 for every dollar you have wagered, if all the games win. This is also the main reason this particular type of Parlay betting is highly popular among sports bettors.

Variable Parlays

Variable Parlays take the betted amount and put it on one team. Should this team win, the bet is recalculated and placed on the next, and so on, always putting the total amount on the next team until all have played and then your winnings are paid out if all the teams have won. If one team loses you lose all the money wagered.

To illustrate the above, let’s say you like one team that is rated + 100 and another at -120, and decide to place a $10 bet on them in a variable parlay bet. On the first game you would make $26 if you win, that $26 would then go on to team 2 and should you win again it would make a total of $46, compared to $36 you would have made in the case of a fixed parlay bet. This considerable difference is due to the bad odds team two was given which worked in your favor while doing a variable parlay bet.

Parlay bets are not the best sports bets one can make as the odds that are betted on differ from the real odds one would get in other types of sports bets, and as a rule the difference increases the more teams are betted on in parlay betting. In comparison to other types of sports bets, doing parlay bets puts you at a disadvantage. On the up side, parlay betting require much less minimum wagers to enter them which in turn still makes them one of the most popular types of sports bets around.

M.A.H.