Monday, January 27, 2014

March Madness Vs the Super Bowl - Betting Revenue

by Seth Miller

The two mayor sport betting events for gamblers and advertising companies are the Super Bowl and March Madness.

However - from a gamblers point of view - which can end up being more lucrative if a set budget is in place for both events?

In other words, if you were to place $10,000 on the Super Bowl, or $10,000 throughout the various matches of March Madness, which can offer you a better reward while reducing risk?
First of all, your approach regarding the various matches of college basketball will affect your pocket and the amount of risk in one way or another. Also, there is only one match during the Super Bowl, while March Madness offers over 63 opportunities to win or lose.

Assuming you place the $10,000 on whom will be this year's Super Bowl winner - under the current lines offered by Bovada (+120 for Seahawks and -140 for Broncos) - and win, you could end up with either $22,000 or $17,143 in total ($12,000 or $7,143 in profits).
Assuming the Broncos will win, let's move on and work under the assumption that you can earn $7,143 in profits from that one event.

Intermission Note: If you want to bet online to avoid local bookies or having to go to Nevada, try out Jazz Sports; a great sports-betting venue.

Now, March Madness has over 63 games to choose from, however, college basketball is prone to some really weird unexpected results. Most sports betting events include a certain degree of uncertainty and risk, but college basketball takes it to another level.

Depending on your approach, you can minimize risk while winning a smaller amount of cash, win a ridiculous amounts of money (or lose it) by taking a high risk approach, or go for a moderate amount of risk and expect a moderate amount of profits.

If you decide to go for a high risk approach, just go ahead and bet all on each game you think you can predict, and the profits will easily surpass those of the Super Bowl (as long as you don't lose). You could also go for a parlay or some other high risk type of bet for more profits. The unfortunate part of this strategy is that you will probably lose all your money (over 95% of the time).

On the other hand, a low risk approach would mean you bet a moderate amount on each game, avoid high risk bets like parlays, and only bet on those games you are pretty sure you can predict the outcome. The good part about this approach is that you can make some profits, and if you happen to lose, it won't be much anyway. The bad part is that you will not make much even if you win all your bets; that's because you would be betting rather small amounts and only placing bets on games with a low risk factor (which aren't many).

On the other hand, a low risk approach would mean you bet a moderate amount on each game, avoid high risk bets like parlays, and only bet on those games you are pretty sure you can predict the outcome. The good part about this approach is that you can make some profits, and if you happen to lose, it won't be much anyway. The bad part is that you will not make much even if you win all your bets; that's because you would be betting rather small amounts and only placing bets on games with a low risk factor (which aren't many).

Finally, you got the moderate approach. This approach consists on separating your money through different bets (some high-risk and some low-risk) in order to reduce risk as much as possible while looking to make a nice profit if you successfully predict one of the high-risk bets. The strategy would consist of placing a conservative amount (maybe $300-$600) on a three or four games parlay (two or three parlays total), and then place moderate sums ($400) on bets of those games you can predict with a certain degree of accuracy most of the time - I say most of the time since you should also place some smaller bets on some matches which you aren't extremely certain of the results but have a decent chance of winning.

This last approach would probably allow you to earn a bit more than the Super Bowl if you win two out of the three parlays and most of your "safe bets". However, if you lose all parlays but manage to win a reasonable amount of your "safe bets" you should come out almost even (maybe $1,500 in loss or profits).

Overall, taking the risk during the Super Bowl can be more rewarding than taking a conservative or moderate approach during the March Madness games, but it conveys a much higher risk.

In the sake of promoting prudent gambling, I suggest betting a decent, but not excessive amount on the Super Bowl, and then go for a moderate approach during the college basketball games.
Post a Comment

6 Best Car Dash Cam

According to Safewise they break down the 6 Best Car Dash Cams