There is no denying the fact that football is the biggest and most popular sport in the world. It is played by more than 20 million people, both amateur and professional players, and is being played professionally in almost 140 countries. Known in the United States as soccer, it has also a huge following in the country. Aside from soccer, another one of the biggest sports in the US is American football, or also known as a gridiron. Every year, Americans cheer and support their favorite teams for various major leagues such as the NFL and other college football leagues.
In the same way that American football is considered as one of the biggest sports in the country, it is also one of the most popular choices for sports betting, be it in-person or online betting. With that in mind, it is already a given that bettors of all levels of experience and expertise would be interested in wagering for the sport. This is the reason why one must be made aware of some of the things that can lead them down to a betting trap--and perhaps even save them from possible losses.
Here are some of the most common betting traps for the NFL and college football that you should avoid at all costs.
Betting on the moneyline favorite
The problem with a Moneyline bet is that it tends to give a bettor the illusion of an “easy win.” After all, everybody loves an easy win, right? That longing for an effortless profit is exactly what the Moneyline favorites are for--to lure people into a bet with the promise of a huge profit. This applies to most sports, not only American football.
For example, a Moneyline favorite of -150 may look to be a promising bet, but the risk for betting on it is too high, considering also the fact that you would be forced to make a huge bet on it to make the expected profit if ever. On the other hand, if you would make a spread bet, your chances of winning as opposed to losing would be better balanced and the risk would be significantly lowered.
Making parlay bets
Parlay bets are yet another one of the easiest ways to place a wager on sports. This is the reason why a lot of people--both newbies and experienced ones--love to make a parlay. However, at the end of the day, a parlay bet is still not a strategic way to bet--and certainly not one that you would make if your end goal is to make as much profit as possible.
Although parlays are not necessarily a bad way to bet, betting big on it can be a huge and dangerous risk--which may end up in huge losses.
Ranked underdogs vs. unranked favorites
The thing about sports betting is that at the end of the day, it is still a business run by the bookies, and as businessmen, they have to earn as much money as they can, which is why it is important to understand the ways they “trick” players into making bets that are profitable to them.
One example is the ranked underdog vs the unranked favorite system. This leads you to assume that betting on the ranked underdog is the best option. Or is it? Usually, it’s not. Still, what you need to learn is to look deeper and beyond what the bookies want you to believe. That way, you could “beat” them and still be able to make a strategic bet.
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