Holiday Help

Many serious sports bettors consider the futures wager the province of rank amateurs trying to go for the big killing. They’re the sports betting equivalent of the wanna-be stock investor who always gripes if only I had bought Microsoft when they went public. They’re not the type who’ll do the work to grind out profits in the market, nor are they forward thinking enough to find the next big company to go public. They’d rather lay some money on a high priced dog and hope for the best, which seldom (if ever) occurs. Right now at some sportsbooks a $100 bet on the Cincinnati Bengals to win the 2010 Superbowl will pay back $10,000. The problem is that the true odds of Cincinnati winning the Superbowl are probably in the range of 50,000 to 1 which makes the +10000 you’re getting in this bet a bad value from the get-go.

There’s not much ‘middle ground’ when it comes to the desirability of betting NFL preseason games. The overly conservative handicappers suggest that its a poor wagering opportunity, while the ‘boiler room’ sports touts try to suggest that short of a fixed game there’s no more sure thing than preseason football. There’s a degree of truth in both views. Handicapping preseason NFL football is a unique discipline unto itself, but with knowledge and caution it can be a profitable endeavor.

Betting on sports ‘futures’ is an enjoyable and potentially profitable way to wager, but there are several potential risks that can lead to losses. Here’s a rundown of things to avoid: