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Football Betting: Advantages, Disadvantages and, Tips

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In the first part of this two-part series, we mentioned that football betting is one of the most controversial, yet most profitable, forms of sports betting out there, earning approximately $50 billion per year. Previously legal only in Nevada, the industry has been legalized in New Jersey, Delaware, West Virginia and, Mississippi – with New York, Rhode Island and Pennsylvania actively pursuing legalization.

So you are wondering – “How can I get started in this exciting and exhilarating field of football betting?” In the second article of this two-article series, we look at the advantages and disadvantages of football betting, as well as some tips you can use to maximize your winnings and keep as much of your money as possible.

Some of the advantages are very obvious, while others will be explained in simple terms. The first advantage is that, when you make a wager on your favorite team, you are making a tax-free investment. These days, one of the top complaints of consumers everywhere across America, gamblers not excluded, is a heavy tax burden. By betting, you do not have to pay anything in taxes. Simple, right? Which leads to another advantage – little investment needed. Sometimes a wager can cost as little as $1.

An advantage within an advantage – some online betting sites offer their service for free. You can’t beat that kind of deal. The only thing it will cost you is your wager – and sometimes you earn it back. Plus, you can save on broker’s commission as well – yet another advantage. This is because of the popular spread betting system, the most frequently used system in football betting.

As we’ve covered the advantages, let’s look at the disadvantages of football betting. First of all, there’s a chance that you will spend more than you can afford. Many football bet-makers have reported losing their life savings by risking too much. Football betting is also a time-consuming activity, which is another disadvantage. Shopping for numbers, researching statistics and keeping up with spreads can be a time-consuming and taxing activity, which then becomes the third disadvantage – the activity becomes an obsession and a passion. Football betting is also a time-consuming activity, which is another disadvantage.

Now that we’ve covered the advantages and disadvantages of football betting, we’re going to introduce you to Larry Luckey, who is a pro at football betting. Larry doesn’t rely on expert analyses, and he does careful research on football gaming services to get the most accurate results possible without getting ripped off. Larry doesn’t rely on expert analyses, and he does careful research on football gaming services to get the most accurate results possible without getting ripped off.

He is completely sober throughout the process as drinking can cloud a person’s judgment. and he has set a maximum budget of $50 per week. Understanding that the outcomes are not etched in stone, Larry focuses his bets on his favorite conference, the NFC East. He makes his wager on the Dallas Cowboys, the underdogs in this week’s game. Avoiding a risky parlay, he bets $50 that the Cowboys will win.

As fate would have it, the Cowboys lose; and, choosing to quit while he has a $427 profit from all previous weeks, Larry refuses to chase his bets. He knows that, if he made another bet to earn back the $50, he would lose the entire $427. He chooses to accept the loss and move on to the next week’s spread, with his previous winnings and his dignity still intact.

Now that you have all the facts about football betting – as well as the advantages, the disadvantages, and tips to help you out – go ahead and have fun! Do be careful, though, because football betting is not always profitable, as shown in the example. Some will win and some will lose. We hope that the losses are few and that the winnings are many.

Most importantly, HAVE FUN! Don’t stress out so much.

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