They have no risk - no way that they can lose money. And if the underdog wins their result is the same. If they have $110 bet on each side on the favorite wins then they return the $110 that bettor bet as well as a $100 profit. You bet that whether you bet on the favorite or the underdog. Typically, they collect $110 for a chance to win $100. In a perfect situation they set themselves up to make money no matter how the game turns out. They have no interest in having a position and hoping for one team to win. Sportsbooks do not make their money by betting against you. Related: Common Mistakes Sports Bettors Make More bad decisions are made because people don't understand this fundamental than anything else. Simply put, if you don't understand how lines are set, and what forces them to move, then you don't understand anything about betting on football. This time around the topic is how betting lines for NFL and college football games are set. So, over a series of eight articles this summer, we are going back to the basics, making sure we understand how betting on football really works, so we can improve our chances of success.
I won't pretend to be the world's greatest football bettor, but I do understand the basics, and that is a surprising boost.
I've grown tired of hearing people talk about football betting when they have no idea of the fundamentals.
