Beating the Odds: Football Bets

People love football for a number of reasons. The games are exciting, there is plenty of real talent, and there are plenty of opportunities to make money with the right bets. Covers.com is a reliable and safe place to put in your bets and make the money that you deserve. Here are a couple of tips to increase the odds when betting.

1. Join the right site!
Plenty of betting sites are scams, unfortunately. Look into the site that you are going to place your bet on. Covers.com has a great reputation, and they make their payments quickly. Covers.com also provides plenty of resources for current information for you to make intelligent bets on NFL odds. The site is also extremely easy to navigate. Anyone can learn to use it, even if you are a novice to computers.

2. Do your research.
This may seem obvious, but some people need this point to be reiterated. Be sure to do your research. Furthermore, place your bets based on the research instead of your personal preferences. For example, there is a game versus the Chicago Bears v the Detroit Lions this week (-7.5, 43.5). Detroit is currently allowing less than twenty points in the last five of six games. The Chicago Bears have been frankly doing horribly this season (and that’s my team, so I hate to admit that). Detroit is highly favored to win the game against the Bears this week, despite some injuries on Detroit’s team.

3. Be prepared to lose
There are horror stories of people losing everything because of an overly confident bet. The underdog wins on occasion, and it is not smart to place a bet without being prepared to lose. Understand that a bet is a big risk. Play to have fun and add some spice to the games, but, please, do not put all of your mortgage money on one game.

4. Have fun.
The whole point of betting is to have fun. Enjoy the game with friends, get some wings and beer, and enjoy a great game. Hopefully, you will win and the beers after the game will be on you.

How the Sports Spread Betting is Done

Football betting is a huge and growing global industry that moves billions of dollars each year. Online betting sites like Covers.com provides a platform where one can place bets on NFL Odds, football odds or Super Bowl odds. This worldwide phenomenon has much of its trading carried out on the illegal markets in Asia, with the large sums wagered bringing with it the match-fixing threat.

How much is this industry worth?

According to Darren Small- the director of integrity at the betting and sports data analysis Sportsradar, the current situations, including both the legal and illegal markets, show that the sports betting industry is worth between $700bn and $1tn a year. About 70% of the trade has been said to come from betting on football. Sportsradar monitors betting on close to 55,000 matches a year, while running algorithms that cover 350 global bookmakers in order to detect suspicious betting patterns. An alarm is raised with close to 1% of fixtures being monitored.

Spread betting is one of the many kinds of wagering on an outcome of a match where the pay-off is established depending on the wager’s accuracy, rather than a simple “lose or win” outcome, like money-line or fixed odds betting of pari-mutuel betting. A spread refers to the range of outcomes while the bet is whether that outcome will be below or above the spread. During recent years, spread betting has been among the major growth markets in the UK, with close to one million gamblers. Spread betting aims at creating an active market for the two sides of the binary wager even when the outcome of a match may seem to be undoubtedly biased towards one side. In a sporting event, there could be a match between a strong team and a historically weaker one; this happens in almost every game where there is the favorite and the underdog. In the event that the wager is just “Will the favorite win?” Then people are more likely to make most bets for the favorite, with the possibility that very few betters will be willing to bet for the underdog.

Since the intention of the spread is to create equal numbers of wagers for both sides, the suggested probability is 50% for each side of the wager. To make a profit, the bookmaker has to pay one or both sides, less than the notional amount. In practice, spread betting may be perceived as somehow favoring one side. Therefore, bookmakers often have to revise their odds in order to control their event risk.