Though legal sports betting is prohibited in the US by Federal law, there has been in recent years a re-examination of its logic on a variety of levels. Part of this is a desire for new revenue sources, while part is simply a growing acceptance of gambling in all forms. Ultimately, the true injustice of banning sports betting lies in its contempt for the Constitution.
NFL Preseason Handicapping Basics
August 3, 2010 By
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.
Basic Concepts Of Sports Betting Futures
July 31, 2010 By
Serious sports bettors often dismiss futures wagers as sucker bets targeted at ‘squares’ looking for a big payoff. For example, a typical futures ‘sucker bet’ would be something like betting that Harvard will win the NCAA basketball tournament at 500/1 odds. Sure, the potential payback is huge but here’s the problem–the “true odds” of Harvard winning the NCAA hoops tournament are astronomical, and certainly well in excess of 500/1. That means that from the outset this bet represents a poor wagering value.