Sucker Bets in Sports Betting

Some of these bets, unfortunately, are just sucker bets. What are sucker bets? These are called "sucker betting" because the bets placed make it appear that the bettor is the one who is winning. In other words, the favor is so much in favor of the bookmaker or the house that it is almost impossible to win! However, a miracle can bring in huge winnings. Let's take a look at some of the sucker betting scenarios.Example 1: Betting on parlay.A parlay bet is when the bettor likes a number of teams, and would like to bet on all these teams winning. When that happens, the bettor can win a lot more, but the odds are extremely low. Parlay betting is a popular choice for bookmakers because it only takes one team to lose and that's all they lose. Parlay bets are often called sucker bets.  http://feamie.org/las-vegas-winners-guide-to-saving-100s/ This is because it takes one team to lose and then there goes their money. A bettor may also choose to place bets on a combination of teams.  http://brianasawa.com/what-is-bingo-and-how-has-it-changed-over-the-years/ There can be as many as ten teams in the combination, but there must be at least two teams. Most bettors can't even win when they just choose two or three teams. Like parlay bets, all teams must win. If any team loses, the bet is lost. But unlike the parlay, the bettor has the option of moving the spreads. Teaser bets, also known as "teasers", are called that for a reason. These bets are intended to make the bettors believe they can win big. Most people lose to these types of bets. Sometimes, the tip looks too good to be true, and bettors can't resist the temptation of winning big. So they place bets without looking further into the teams. Be skeptical and don't place bets on teams you are not familiar with. Do your own research and try not to bet on teams that you are not familiar with. Example 4: Betting on hot favorites.The entire world could be rooting for a hot favorite. This makes bookmakers happy. Hot favorites mean that the world thinks this team has the greatest chance of winning the game. It doesn't matter if the analysis was flawed or the prediction was unrealistic. What matters is that the more people bet on a team, the lower the odds. Sometimes, the odds can be so low that it just isn't worth placing good money on the team. For instance, for every $10 placed on the team, the bettor stands to win $4. That means the bettor has to place a bet of $1,000 in order to win $400. When there is a hot favorite, it's easy to get influenced by your peers and others around you. Be strong and resist the temptation to place unwise bets. Begin with small amounts and avoid the pitfalls.