NFL Football Intelligence: Betting Parlay Cards
Gambling is great fun. It doesn't matter if our "action" is on the floor of a casino or in the chaos of your den on Football Sunday or on a frosty Monday night. And when we win, it almost heals the pain of a loss.
If you're accustomed to wagering on football games, or other sporting events, I'm sure you find that when you don't have a bet on a game, you might not care as much about the outcome, unless of course it's your home team or your childhood favorite. But when you do bet, you'd like to know that you have a fighting chance of winning. That is, you'd never bet if the odds were overly stacked against you. Would you bet $110 against the spread if you expected to win $65 instead of $100? No chance! Yet, gamblers play parlay cards and try to beat odds that are beyond ridiculous. I've tried to find worse bets. I just can't. Consider the following table of Parlay Card scenarios with corresponding wins and losses.
Parlay Real Odds Bookies Odds Bookies Amount You Lose
Card Probability Should Pay Actually Pay Per Dollar
2 Team .25000 3 2.6 .100
3 Team .12500 7 6 .125
4 Team .06250 15 10 .313
5 Team .03125 31 20 .344 6 Team .01563 63 40 .359
7 Team .00781 127 75 .406
8 Team .00391 255 100 .605
9 Team .00195 511 150 .705
10 Team .00098 1023 300 .706
11 Team .00049 2047 450 .780
12 Team .00024 4095 600 .853
13 Team .00012 8191 750 .908
14 Team .00006 16383 900 .945
15 Team .00003 32767 1500 .954
In the column labeled "Parlay Card," the first entry is for "2 Teams." To win you must select two games and win them both. One of two wins is a loss. If the probability of winning a game is .5, then the probability of winning two games is .25 (.5 X .5). That means on average you should win a 2 Team Parlay Card once every four times you play. That means if you wager $1.00, you should get back $4.00 when you win, that is $3.00 plus your original bet of $1.00. The fair odds according to the table are 3 to 1, but as you can see, the odds you actually get are 2.6 to 1. You only get back $3.60 instead of $4.00. Basically, you lose 10% of your wager.
It gets worse! It's not my opinion, it's a fact that the probability of picking, for example, 5 winners on a 5-team parlay card is 1 in 32, or .03125. That is, you can expect to hit 5 of 5, 1 time every 32 Parlay Cards you play.
If you had no "vig" or "juice" to pay, that is you were making a "fair" wager, the 1 time in 32 when you win, you should receive $32 ($31.00 plus your bet of $1.00). But those wayward sports-book proprietors and your local bar-bookie pay you only $21, more than 35% less than they should. The biggest joke is when you hit 15 out of 15, which has a probability of 1 in 32,768, and you win a pultry $1,500 – less than 5 cents on a dollar! Give me a break. Bookies deserve a piece of the action – they have expenses, some have legal risks, while others don't balance their books adequately and essentially book the bets themselves.
You know, state lotteries return 60 cents on a dollar by statute! Don't be a sucker. If you play Parlay Cards, limit yourself to a 2 Team parlay. Anything beyond this should be for tourists or people who just don't care about gambling intelligently.
Look for other articles on how to improve your chances of winning against the spread. Visit http://www.NFLFootballIntelligence.com.
Football and baseball would be the two most preferred sports in the states, and most sports bettors could likely acknowledge that football gambling is among the most enjoyable forms of sports wagering. This is possibly true mainly because football gambling transforms into a game of skill whether it is undertaken the right way. What am i saying? Therefore if you choose your research, you may perhaps be very prosperous in football betting. Given this remarkable choice to rake in a few...
People love betting on football games. When betting on a game, the action is more exciting, and the audience will enjoy the game. The great thing about betting on football is the choices. One can bet on a ton of college games on Saturday or a dozen NFL games on Sunday. While betting is enjoyable, one should take a few steps to maximize their chances of winning. Here are four tips to making profitable football bets.
Betting has been a form of recreation for may people nowadays. Basically, betting or gambling is what you call any behavior which involves the risk of valuables such as money depending on the outcome of a game or a contest. In this kind of activity, the outcome can be partially or totally dependent upon chance. In addition, betting on sports teams has been an important service industry in many countries.
Just knowing the basic rules and tricks of any online gambling sport is not enough, irrespective of whether it is only for enjoying the game or for winning money. One must understand the basic terminology of betting. The terminology used for online games is quite like offline or land based bets.
Betting or playing has been such a favorite pastime of many people. Since historic instances people have been casting lots or setting their bets in varied events particularly in sports. From the gladiator duels in historic Rome to the bullfights in Spain, individuals love the joys of betting. The issue is, betting is teeming with risks.
Football betting is a sport which is as widespread as football itself. The worldwide popularity of football has increased exponentially over the past few years, and with this rising fame, betting markets in football also enlarged. If you are one of those football fans, then you have probably engaged in some sort of betting yourself, whether it's just good-natured wagering between friends or even high-stakes gambling.
Football is one of the world's most popular sports and has a huge betting market. Football betting has also gained much popularity due to the advent of online betting. This enabled a huge number of avid football fans to gain easy access to wager on their favorite football teams or players.
Football is one of the most popular sports in the planet nowadays. Wherever there is ample space and a ball to kick around, then you can be sure that football will be played. From backyards to stadiums, this game has captured the hearts of fans all over the world, from kids of all ages to those who are young at heart.
Online gambling has been used by several people as a way to earn extra cash, especially in times when available jobs in the country are scarce. However, before you earn money through online casinos, sports betting and other similar activities, you have to do your part.
A sport betting is the activity of gambling on the outcome of a sporting event and placing a wager on the outcome. But the operator of sports betting doesn't control the objects of sport. Two basic aspects of sports betting are:
Deposit Bingo Bonus has been a hit in the bingo industry accruing huge rewards. The following article explain the ways to avail Deposit Bingo Bonus and their benefits.
There are some people who would like to join in the fun and excitement of playing real casino games, who have never played any of the games before. In order to have fun participating in these games, it is best for beginners to choose games which they are more likely to be successful at winning. There are a few games which are easy to play and offer better odds for beginners.
Casinos are designed to draw people in with their flashing lights and bells and buzzers. This same technique is also used when creating online casinos. Online casinos go one step further by providing round the clock entertainment for anyone with an Internet connection.
Have you ever dreamt of someday being able to gamble even while you travel? Have you ever thought of how technology would advance in two to five years? One way or another, you may have felt that there are still new things to come through this age of technology or the so- called ‘computer age.' Where once gambling is confined in casino establishments in land based casinos, it has not entered the world online.
Online gambling comes in different packaging as that of a gift. People get drawn to online gambling because of its conveniences and its many features. Some of the most sought after features are the online gambling site's offer of free plays as well as welcome bonuses for newbie's. These are great opportunities for players who are just learning how to gamble to practice their skills and learn new ones.
This article is not written to discourage you from playing your favorite gambling games. The discussion here will give you a few information of what to avoid when you gamble and how to look out for them. The downside of gambling is inevitable whether you play online or in the real world casino.
So much arguments going on about gambling and its effect on society and in an individual's life does not really solve the problem, but rather worsen it. Others claim gambling to be the culprit of every financial struggle a gambler may have experienced or is experiencing at the moment. But what is the real cause of all these and how did it all start? If gambling is most entertaining, why do others have to be so miserable?
Play your loving games of bingo with best bingo sites for more benefits. They are at the present the most trustworthy online playing sites.
There are betting situations when you can bet and win on both teams, risking a small amount to potentially win 10X or 20X your wager. You will find several such pportunities throughout a betting season, but you must be aware of the concept to seize the opportunities when they occur. seize those opportunities when they occur.