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Sports Betting
Many individuals like to make bets on futures bets when they bet on sports.
There are some reasons why this is good and some why this is bad. The reasons
for betting futures are pretty simple to understand. Futures are nice because
there is often a lot of value in the early lines.
People can make these bets and enjoy a season’s worth of fun without having to
constantly put in bets. Likewise, future bets have potentially large payoffs, so
people like them from a sports betting perspective.
The downside, of course, is that your money is tied up for a very long time. You
have to essentially invest that capital for a certain period of time before you
get it back, so this an take away from your ability to profit over the long run.
If you could have used that bankroll to go out and make much more, then it is a
bad bet.
Likewise, there are lots of sucker bets that people get trapped with when
playing futures. The downside is enough that many people like to stay away,
opting instead for a sports betting approach that maximizes their bankroll’s
use.
For many people today, the focus is on efficiency. They want the most efficient
result, so they set out to find it and to bet that amount. They want growth and
they want to do it while minimizing risk. This is all well and good and it makes
sense from a sports betting perspective.
For some people, though, flat betting is still a very good idea. These people
include those individuals who have a hard time quantifying their edge. Unless
you know exactly what your edge is on a given game, it can be hard to use the
Kelly Criterion. If you flat bet, you have more consistency.
Another good thing about flat betting the same amount for each game is that you
can go on cruise control. It takes the discretion and the decision making out of
the equation. For people who have emotional issues in their betting, this can be
helpful.
It can help them to not chase their bets and it can make sports betting easy. If
you have these sorts of holes in your sports betting, then you might try flat
betting as a way to keep things on an even keel.
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