Make Money Making Sports Bets

We’ve all heard of the guy who bet on the underdog team in the Superbowl and walked away with thousands of dollars, or the friend of a friend who knows a guy that can hook you up with a Filipino cock fight next weekend.

If you’re a sports fan, it’s a pretty safe assumption to say you know that betting, both legal and illegal, takes place on practically every professional game and many college games.

Simply placing a bet can be a confusing affair — sports books have their own lingo, and the systems vary. Figuring out how to bet well enough to make some money is another matter entirely. How are the odds determined? Who sets the line? What percentage of the time do you need to win to break even?

In this article I’ll make you familiar with the lingo in the world of betting and odds making and show you how one of the world’s favorite pastimes can earn you a lot of money when you know what you are doing.

Sports Betting Basics

Different sports have different systems for oddsmaking and betting. There are even different systems for the same sport, depending on what kind of game the bettor wants to play. But to understand any of these systems, you first have to understand the jargon.

Action – Action is simply betting activity. Phrases such as “I want in on the action” or “Show me where the action is” come from this term. Since betting on sports is illegal in many places, you can’t always look up your local bookie in the phone book.

Handicap – In sports betting, “to handicap” is to give one team a points advantage in order to level the betting field.

Sportsbook – An establishment that takes bets, also known as a book. An individual who takes bets is a bookie.

Juice – This is the percentage of all bets taken by the bookie as profit. The juice is also known as the vig, short for vigorish. Sometimes bookies take a straight percentage of the handle, but more often the vig is figured into the odds

Handle – The handle is the total amount of money wagered on bets. Super Bowl betting generates the biggest handle of the year for most bookies.

The spread – The point spread is used in high-scoring sports like football and basketball. It is basically a handicap used to make all games competitive in the eyes of bettors. The spread gives one team an advantage of a few points. Standard notation for the point spread shows the favored team first, followed by a negative number (the actual spread). The home team is shown in capital letters.

You can make sports bets on football, soccer, baseball, basketball…well pretty much any sporting event on the planet and you can make a lot of money from it, if you do it the right way. If you’ve ever wanted to place a bet yourself, but weren’t really sure on if it was worth the risk, you have come to the right place. Gambling in its very definitely means someone has to win and someone has to lose. What if you could find a way to tip the balance and be on the winning side with almost every single bet you make.

Sports betting systems are proven ways to help increase the odds of winning when betting in sports. Professional bettors and handicappers have designed these systems to allow us amateur bettors to learn the inside tricks and trades that they use to be so successful in sports betting.

Sports betting systems refers to a set of events that when combined for a particular game for a particular sport represents a profitable betting scenario. Since sports betting involves humans, there is no deterministic edge to the house or the gambler. The systems allow the you the gambler to have an edge.

Time to Place Your Bets – Even on Some Weird Wagers

It’s commonly known that Vegas is the place where one can legally wager on just about anything, provided the books offer the proposition bet(s). Gamblers love to put their money on weird wagers, especially around Super Bowl time. Now that the Supreme Court has overturned the ban on sports betting, we just might see more uncanny bets being offered in states that bid for sports books. Weird wagers are not unique to Vegas. The U.K also gets in on the action.

Here’s a collection of some of the most bizarre, weirdest, wackiest wagers ever made:

  • 1979: The late Jackie Gaughn, owner of the El Cortez hotel in downtown Vegas, posted odds when the faltering U.S. satellite Skylab, was about to crash to earth. The odds were put up on where it would crash: 5/1 for one of the five oceans, 12/1 into the Soviet Union, 100/1 on California soil, 2,000/1 for a hit in tiny Rhode Island, and even 10,000/1 that it would crash into the El Cortez! Turns out it landed in Australia at 30/1.
  • 1980: From the popular TV show Dallas: “Who shot JR?” Wagers were taken at the Castaways Hotel with odds on every cast member prior to the season ending cliff hanger episode, but the Gaming Control Board ordered a halt to all betting because someone had to have a script that knew the answer.
  • 1981: Amidst the ongoing controversy over the murder of President John F. Kennedy, the grave of alleged assassin Lee Harvey Oswald was about to be exhumed to confirm identity. The sports book at the Union Plaza was quick to jump on the proposition bandwagon on whose body would be in the coffin. Odds were posted for: a Soviet agent, Jack Ruby (Oswald’s assassin) or an empty coffin. Due to concerns about the virtue of such a wager, the gaming commission put a lid on it. Turns out it was Oswald after all.
  • In the UK, it was 500/1 that the FBI will confirm that Elvis is still alive and another 500/1 that Michael and LaToya Jackson are one in the same.
  • UK bookmakers also offered 1,000/1 that Tiger Woods would become President of the US and 5,000/1 that Bill Clinton and Monica Lewinsky would marry.
  • A London resident named Matthew Drumbell placed a 1,000,000/1 wager that the world would end before the year 2000. Of course, who would be left to pay him if he survived? No pun intended on the man’s name.

During Super Bowl week in Vegas $ millions are tossed across the betting terminals to wager on one’s favorite team, and some weird bets as well. Here are some of Super Bowls’ past prop bets:

· Will singer Kelly Clarkston omit or mess up one or more words in the National Anthem? How long will it take her to sing it? Over/Under 1 minute, 34 seconds. Will her bare belly be showing when she sings it?

· If Quarterback Tom Brady’s son is shown on TV during the game, will he be wearing a Tom Brady Jersey?

· How many times will Patriots owner Robert Kraft be shown on TV during the game?

· What will be the first touchdown celebration? A ball spike, a dance, lay on the ground, a goalpost dunk, a Tim Tebow kneel, or kiss a cheerleader?

· What color Gatorade will be dumped on the winning team’s head coach? Yellow, orange, clear, red, green, blue? (Yellow was favorite.)

· Who will the Super Bowl MVP thank first in his post-game interview? Teammates, God, Owner, Coach, Family, No one? (Teammates were the favorite.)

So, there you have it. I wonder what weird wagers await us for next Super Bowl? I guess we’ll just Have to wait to find out.