Showing posts with label sports betting. Show all posts
Showing posts with label sports betting. Show all posts

Sunday, May 30, 2021

Parlay the Moneyline: The Tricks of My Longest Sports-Betting Win Streak

 


Two weeks, Eleven games, Twelve bets, Nine Hundred jellybeans

For boom or bust, sports-gambling has sunk its claws into the online marketplace. In Tennessee, you can bet virtually any game in the world, all while sucking down Jack Daniels in your favorite watering hole. This type of availability can be dangerous for some, but played correctly, it can offer a pathway to easy money. Online gambling aided my longest win streak of sports-betting.

The sport was NFL and NCAA football and the streak began in the luxurious confines of the Bellagio Sportsbook, where even there (perhaps especially there), beautiful women, in tight-fitting MGM gear, urge gamblers to “try the app.” They want their customers to gamble, and gamble everywhere. Who needs to walk twenty feet when you can fire up your phone and plunk down a cool grand on the World Cricket finals?

Now, I’m just a recreational dabbler in games of chance, and not a pro by any means, but these methods can be profitable in the world of sports-betting (especially the FREE MONEY part).

            1) Online sites offer great bonuses just for making the first deposit. And the better ones continue to entice the inveterate sports prognosticators with odds so good, it amounts to free money. Add free daily pools into the mix and it’s possible to build a little bankroll. I’m not much of a sports-bettor, leaning more towards card games like blackjack and poker, so it’s only natural I still prefer the brick-and-mortar sportsbooks, but free money is always nice.

            The first deposit bonus gave me great odds for Alabama in The National Championship game and another free NFL bet, each of which lowered my risk and increased my payout.

            2) Central to this small streak is the reliance upon the moneyline. Most gamblers stick to the fabricated measure of the “point spread,” but this imaginary number has no impact on the motivations of players and coaches; they just want to win. I prefer the moneyline for favorites and usually take the point spread for the underdogs, which just buys a few points in addition to this natural desire to win.

Six of the eleven winners I picked failed to cover the point spread: I would’ve lost nearly every bet if I took the spread.

            3) Gamblers will groan about the lower payout of the moneyline favorites, so I offset that with parlays. Sure, a small payout for one easy winner isn’t much, but stacking a few easy winners can often offer even money. Less exposure, less stress.

            Every team I picked was nearly a touchdown favorite, but three of five parlays paid even money or better.

Bets and Results


Sportsbook

Date

Game

Spread/Result

WageràProfit

Bellagio

1/3/21

JAC@IND+

-15.5/-14

 

 

 

BAL@CIN+

-13.5/-35

 

 

 

ATL@TB

-7/-17

100à70

Bellagio

1/3/21

IND/BAL/TB+

 

 

 

 

PIT@CLE+

-10/-2

 

 

 

TEN@HOU

-7/-3

50à60

Bellagio

1/3/21

IND+

 

 

 

 

WAS@PHI

-6.5/-6

100à50

Bellagio

1/9/21

TB@WAS+

-10/-8

 

 

1/10/21

CHI@NO+

-11/-12

 

 

1/11/21

OSU@ALA

-9.5/-28

300à300

DraftKings

1/11/21

ALA

 

1à100

DraftKings

1/11/21

ALA

 

99à27.72

FanDuel

1/11/21

ALA

 

5à125

FanDuel

1/11/21

OSU@ALA

U79.5/ 76 (LIVE)

50à47.17

DraftKings

1/16/21

LAR@GB+

-7/-14

 

 

1/17/21

CLE@KC

-8/-5

FREEà56

DraftKings

1/17/21

KC

 

127.72à26

FanDuel

1/17/21

KC

 

25à5.21

FanDuel

1/17/21

KC

 

147.17à30.03

 

 

 

 

1004.89à897.1

 I’m no professional sports gambler, and my luck comes and goes with the fleeting whims of Lady Chance. But I do enjoy a “taste” now and then, and this streak had some good sweats to it: the quick field goals battles (TEN@HOU), the bizarre coaching decisions (WAS@PHI), and miracle touchdown reversals (OSU@ALA).

After some close calls, the streak was died when Conor McGregor turned back into a pumpkin. And the bad luck followed when Kansas City fell apart in the Super Bowl and Ohio St kept up the losing streak, choking in the first round of March Madness.

Well, can’t win ‘em all.  

Saturday, February 4, 2017

Oh Canada!: NHL Fantasy Franchise Bet


            As I made my yearly journey to down Alabama for a Fantasy Football draft, the other owners tried to bring me into a long-term bet on the NFL. The bottom ten teams in the NFL were drafted, with the owner owing $100 each year until one of them wins the Super Bowl. A version had just finished with the Bronco’s victory last season, the winner taking $7,000. The boys wanted me to take the Dolphins, and I gave it serious consideration, before passing.

            The bet intrigued me enough to mention it to a few hockey friends and we set up a similar version with the NHL. We decided on an auction style draft, going up from the bottom of the standings, starting each team at $5. Montreal earned the most competitive bidding, before I won it with $50. Buffalo shocked us all, when the amount jumped straight to $40. I gave a pity $5 offer for Columbus, before reselling them for $10.

            The rules are quite simple:
  • The bet continues until one of the teams wins The Stanley Cup.
  • If a team loses in the final, the owner is excused from payment for the following season.
  • Full payment is due at the start of each season, and the funds are kept in an interest bearing account.
  • An owner can opt out at anytime for any team, but may not reenter the bet.
  • Teams can be sold for equal or greater value.
  • The bet can be dissolved if all the owners agree, and money will be refunded based on contributions.

Because Canada had a miserable 2015-2016 season, every team except Ottawa was available. I ended up with four Canadian teams and hope I can get two “lotto tickets” into the playoffs each season. But, since the last of the teams to win The Cup was Colorado in 2001, this could potentially be the longest term bet I ever embark upon. Let the action begin.


Colorado
Mine
(17) resold 40
Montreal
Mine
50
Buffalo
Player R
40
Arizona
Player R
10
Winnipeg
Player (Jo)
(10) resold 25
Calgary
Mine
10
Columbus
Player (Jo)
(5) resold 10
Vancouver
Mine
(13) resold 15
Edmonton
Mine
16
Toronto
Mine
12

Update: After no winner for first three years, one owner dropped out, and his teams were resold. I added two teams and now have committed $143 every year until the bet concludes. Yikes.

Year

Me

Player R

Player Ja

Player Jo

Total(w Interest)

2017

88

50

40

10

188 (190)

2018

88

50

40

10

376 (380)

2019

88

50

40

10

564 (578)

2020

143

50

 

35

792 (827)

2021

143

50

 

35

1,020 (1,060)

2022

93

50

 

35

1,198 (1,248)


Update: 2021 marked the first time a team made the Stanley Cup Finals, when Montreal fluked their way into a deep Covid year run.