Question by Carson: What is the money limit on sports betting?
Like can you bet 1 million in in NFL game? Also why does the score different matter?
Can’t you say like Falcons over eagles by 1 point? Why do people say like falcons over eagles by 10 points? Do you have to say more than 3 more something?
Best answer:
Answer by pdq
Do yourself a favor and stop trying to figure out sports betting. Only about 1% of those who bet on sports do so profitably. Be honest with yourself – what chance do you really have of becoming one of that 1%??? Answer – absolutely zero.
Yes, people have bet million on a game before. It all depends on which Vegas casino will accept the bet.
When you bet on a football game, (just as an example), you have 2 choices on how to bet the team you want. You can bet them to “WIN” with something called a money line, OR you can bet the team with the “spread”.
Let’s say the bookies think the Falcons will win by 10. Then if you want to bet and win profit, (that’s the standard ratio 10:11), you would have to say you’re taking the Falcons MINUS 10 points. If the Falcons win by 11, you win your bet. If the Falcons win by 9 or less, you lose your bet. If the Falcons win by exactly 10, you tie. (You get your bet back with no win or no loss.)
If instead you just want to say the Falcons will WIN the game by any amount of points, then that’s too easy. You have to pay extra. You might, for example, have to put up just to win profit. (I don’t know the exact amount for a 10-point favorite team, but it’s got to be somewhere around that ratio.) The bookie will tell you how much extra money you have to put up.
Again – this is a huge mistake. You think that betting on the games is going to make it more fun. It doesn’t. At best, this will be a waste of money. At worst, you will fool yourself into thinking you know what you are doing, then get sucked into an out of control gambling addiction. (You can never say, “That will never happen to me.” The truth is, you just never know.)
What do you think? Answer below!