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Bad Parlay Odds On Football Picks

Copyright (c) 2008-2021

Football betting in its various forms is a passion enjoyed by many people throughout the world. There are many ways everyday folks will bet on football games, some of the more common are: office pool picks, fantasy football contests, Super Bowl boards, straight up wagers, casual bets, and perhaps most popular - parlay tickets. Parlay tickets are a popular method the public uses for football betting. Betting on parlay tickets (sometimes referred to as accumulator tickets in Europe) are what I want to focus this discussion about.

Living in Reno Nevada you will find somewhere on the ticket the payout odds. Now just about all tickets where the player picks more than two teams (sides or totals) the odds are considerably against you to cash that ticket in. Yet the potentially lucrative payout still entices thousands of people every week to play the game and circle their best football picks on a given ticket - and usually they lose. That said, if you're going to play parlay tickets outside of Nevada it's very important to know the language of the payout odds. If you're in the practice of placing sports bets more than a couple of times a year then its imperative that the bettor understand the payout odds.

The skilled sports bettor (whether the sport be tennis, horse racing, soccer or NFL football) primarily plays his picks straight-up. However, two-team parlay tickets can also be a lucrative style of betting picks. Rarely does a professional bettor place his betting action on anything greater than a 3-team ticket. The odds simply are not in the punter's favor.

Let's examine the payout language of a common 3 pick parlay. In Nevada, Europe, or playing at an offshore book, the odds on the ticket will typically read 6 to 1 for picking three (3) outcomes correctly. If you're playing the ticket from a corner bookie you will often find the odds read 6 for 1 for picking three outcomes correctly (sides or totals). There is a subtle but very formidable difference in the language of the payout odds. Wagering $100 dollars and correctly picking three out of three winners on a ticket that pays 6 to 1 would net the bettor $600 dollars. That same wager ($100) on a ticket that pays 6 for 1 would net the bettor $500 dollars! That's a 17% reduction in profits, and a deal breaker for knowledgeable bettors.

Consider this, that because of the juice, you have to win at least 52.5 percent of your wagers to break even (with straight up wagers). If you're really good you will do well to win 53 to 63 percent out of a 100 wagers. If you're exceptionally good you might hit 66% of your wagers in a good year (that would be a very good year). If you hit 63% of your picks out of a 100, playing all 3-team parlays that would likely be a winning season if you played in Europe, at an offshore book, or Nevada. However, if you hit the same 63% of your sports picks playing with the local corner bookie, who only paid out 6 for 1 odds - that would be a losing betting season.

So the moral of this dissertation is to know the meaning of the language on your parlay tickets. Understand the significance of the "to" versus the "for" when picking a parlay ticket to place your action on. If the pay-out odds on the ticket says "for" just run.


About The Author: Shop Amazon - Top Gift Ideas
Kurt Schumacher is an Editor at Football Forecasters, where he provides football commentary, and College and NFL Picks, leading up to and during each football season. Football Forecasters has been providing NFL team reports and football picks since 1999, through its public and membership websites. When you live for gridiron action, Football Forecasters should be on your browser's homepage. Get started now at: http://www.footballforecasters.com

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Last Distribution Date:
2008-06-25 12:00:00

Internal ID: #6146





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