Closing thoughts about betting on “Exotic Bets”

      So we have talked about the different bets you can use, besides just “Straight Bets”. Just remember the “Straight Bet” should always be your go to bet, but the careful use of “Exotics” can really grow your bankroll.

      When using the “Exotics” that we have just talked about, always think them through completely. Making sure that the Risk is Worth the Reward, and that you don't put too Many Teams into your “Exotic” bet.

      There are some other types of specialty betting that we should talk about, like “Futures” and “Proposition or Prop Bets”, these are not really “Exotic” Bets, because most Sports Book won’t allow you to bet “Futures” or “Props” except in “Straight Bets”. These are just not the kind of things you would normally bet on.

      “Futures” are simply bets on the “Future” outcome of a Tournament or Season in a sport, which you place before the Tournament or Season starts. Like will the Dallas Cowboys win the Superbowl next year? Or will the USA get the most Gold Medals at the Olympics. “Futures” are usually in the “Proposition Bet” section of your Sports Book

      

     Where “Prop Bets” can be just about anything that the sports book thinks you would bet on. They can be as simple as whether the coin toss in the Superbowl will be heads or tails. Or they can be as specific as will a certain player score a point, or will a team score a certain number of points. “Prop Bets” can be a lot of fun, but like any other bet use them carefully and think them through completely.

      Right now there are some great “Prop Bets” up for the 2012 London Summer Olympics. For example I was looking at one Sports Book and they had the the USA to win in the Women Soccer +180, but for South Africa it is +7000. So if you bet $100 on the USA lady’s soccer team you could win $180 if they win the Gold Medal. But if you bet $100 on the South African lady's you could win $7,000 if they win the Gold Medal.

      There are a lot of “Props” on the boards for the Olympics, you should check out your Sports Book and see what they offer. Tomorrow we will talk some more about the up coming Olympics and “Prop Bets”