Today I wanted to move our talk about the
basics of betting on American Football to the types of bets you
should use in your betting strategy, now yesterday we were talking about
doing your research and being careful about when you bet. Now that is
some of the most important things you can do, taking the time to do
good research has helped more people win more games, than all the betting
strategy's combined. OK, we have talked about how our betting
strategy changes during the season, now we are going to talk about
the different types of bets and when to use them.
The main bet used by all gamblers, is the
Straight Bet, and it should be the type of bet you use the most
often, but that does not mean you should not use other types of exotic bets.
Now when using a Straight Bet on a game, the thing you need to give a
lot of consideration to, is how much money to risk. All Lines are read out
around a $100 dollar bet, but this is just to make the math easier
for you to think about how much you want to risk. So when a line is
+6 and in American Football Point Spread, you will usually have to
risk $110 to win a $100, or $11 to win $10, but you can bet any
amount you want, and the book will tell you the exact risk amount.
Now when picking a risk amount there are three very important things
to think about, first is how confident are you that the team is going
to win, and second how much of your bankroll do you want to risk, and
third is the Risk Worth the Reward. When you think these three
things through completely, you will make wiser betting decisions.
Now when you have 2 or 3 teams that you really
like, and they have good lines, it might be time to use a Parlay, when
using Parlays you can grow your bankroll quickly, without risking too
much of your money at one time. In a 2 team Parlay instead of risking $110 to win $100,
depending on your books Parlay payout table, you would risk around $100 to
win $260, and in a 3 team Parlay it is more like $100 to win $600.
Now do not bet on a Parlay just because you can, you still need to
think it through and it needs to make sense from a risk and reward stand
point, the reward is great but do you have the confidence in the 2 or
3 teams to win. Remember the Books give you better payouts with
exotic bets for a reason, because it is riskier for you to pick 2 or 3 teams
where all of the teams must win, for you to win your bet, than it is to
have 2 or 3 Straight Bets, where if 1 of them loses you can still win
the others, as always Bigger Payout, Equals Greater Risk.
Tomorrow we will talk more about why
and when you should think about using Exotic bets.
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