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Sports Betting 101 - Football Picks Edition


Football picks and how to do your sportsbetting for the beginner!

 

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For almost half of the year men everywhere have their weekends packed with football picks. The weekdays consist of chatter around water-coolers, employees discussing their weekend college and nfl football picks. The weekends are filled with men putting off chores their wives have ordered in the hopes that they can watch their bets come through. Yes, football betting is a religion to many men. Do you ever want to get in on the action and join these intense water-cooler conversations but you feel as though you don’t know enough about the game? Well football betting is as easy as 1-2-3, and after reading this article, you will be the one calling the shots at the office.

There are several types of bets that can be placed on football games, from the straight wager to the ten-team parlay. We will start with the straight wager. The straight wager is the simplest bet there is. A straight wager is simply betting on whatever team you think is going to cover the point spread, plus paying the sportsbook “juice”, which is usually 10%, in order to take your bet. For example, suppose the Cowboys are playing the Eagles, and Vegas has the Cowboys as 4 point favorites. If you felt as though the Cowboys would cover the spread, you would place $11 on the Cowboys -4 for every $10 you wished to win.

The next wager, which is very similar to a straight wager, is called a “Moneyline” wager. A moneyline bet eliminates the point-spread in your football picks and compensates for it by a lower payout. Let’s look back at our Cowboys example. Suppose you feel as though the Cowboys are a sure thing to win, but you are not so sure that they will win by 4 points. You can bet on the Cowboys moneyline and eliminate the point-spread. The catch is that instead of needing to lay $11 for every $10 you wish to win, you will probably need to lay around $16 for every $10 you wish to win. If you bet the Eagles moneyline, on the other hand, and you bet them to win the game outright, instead of betting $11 to win $10, you will bet $10 and it will probably win you around $14. The moneyline wager can be very effective if used properly with the right football picks.

The next type of football picks wager is called a “Total” bet. These type of football picks have nothing to do with who is going to win the game, but rather how many total points will be scored in the game. For instance, every game, along with setting the point-spread for the game, Vegas sets the total for the game as well. If it is too defensive-minded teams playing in the game, the “Over/under” will probably be somewhere around 35. If it is a battle with two explosive offenses, the “over/under” will be much higher. The bet follows the same rules as a point-spread wager, except that instead of betting on which team you think is going to win, you bet on whether you think the total points scored will be higher or lower than that of what Vegas has set.

The next two types of bets I will discuss are slightly more confusing and involve more than one prediction. The first type of wager involving more than one selection is called a parlay. A parlay is a combination of straight wagers, moneyline wagers, and totals. For instance, suppose you feel as though the Cowboys, Giants, and Saints will all cover their respective point spreads. Instead of betting each game individually, you can choose to place only one wager involving all three of them. In order to win the wager, every team in your selection must win. If even one team loses, the wager is lost. The reason that parlays are so enticing is that they offer very good odds. For instance, a 2 team parlay usually pays 3-1 odds and a 3 team parlay usually pays 6-1 odds. Parlays can all be totals, moneylines, straight wagers, or a combination of others. They usually range from two to ten teams.

The next type of bet that involves more than one selection is called a teaser. A teaser is similar to a parlay in the fact that if any of the selections are lost the bet is void, but it is set up somewhat differently. Suppose the Giants are favored by 6.5 points over the Seahawks and the Cardinals are favored by 5 over the Packers. A two team, 6 point teaser, would usually pay around even money. If you wanted to tease the Giants and the Packers, you could then make the line Giants -.5 and Packers +11. It is a very enticing wager because both lines now look much better with the allotted 6 points in each game. However, the catch is that in order to win, both teams need to win their wagers. If one team loses, the teaser is lost.

The final type of bet that you need to know is called a future wager. A future wager is exactly what it says it is, a wager that is going to happen in the future. For instance, suppose you think the 49ers are going to win the Super Bowl. You can place a wager all year long on the 49ers to win the Super Bowl. If the 49ers are predicted to be poor, they will be very high odds and the payout will be very lucrative if they do in fact win the Super Bowl. If you think one of the favorites will win the Super Bowl, you can also place a bet on them. The favorite’s odds are usually somewhere between 3-1 and 6-1. The future bet is one of the most fun bets to brag about around the water cooler if your prediction does in fact come true. You can tell all of your friends that you knew the 49ers were going to win the Super Bowl since last March, and you can prove it to them by showing them the new BMW 5 Series parked in your spot.

You know have all the knowledge needed to be a football picks and sports betting expert at the water cooler. While sport wagering gets a little bit more in-depth, you will pick the rest up no problem as you gain experience. Have an enjoyable football season and may your days be profitable.

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