K.T.Tran wrote:So if i want to gamble on the super bowl game and bet on the Eagles.....if the odds are more against them and if they win, i'll be rich right????
Nope. It can make you richer, but it won't make you rich, if you're not already rich.
If you make a straight spread bet, for you to win money on the Eagles, considering the point spread now is 7 in favor of the Pats, then The Ealges can win outright or lose by at most 7 points for you to win. Even then, the standard payout for a straight bet is 10/11, so that means for every $11 you bet, you profit $10 ( total return of $21 = $11 original bet + $10 money won). Close to even odds. This type of bet doesn't have you bet on a team, but rather that the spread will turn out wrong in favor of a team.
If you make a moneyline bet on the Eagles, you are betting on a team, IE, that the Eagles will win. I don't know what the money line for the Eagles' odd is right now, but you can check it at a betting site or from your bookie. Since, the Eagles are underdogs, its should be +some number. Take that number, divide by 10, and for every $10 you bet, you could profit by that number. For example, if its +120, then for every $10 you bet, you could have a return of $22 ( $12 in profit). So if you are betting on the Eagles, a monye line bet has a slightly better than even odds, but not by much. (That's cuz the Pats are seen as likely to win, so they reward you for betting on the underdog, which is a risk, but not by much).
Of course, those are "safe" bets assuming that you simply just want to "bet on the Eagles" with no other consideration. If you want to get specific ( exact scores, when they score, who scores, how he scores, if it goes to overtime, etc....) and can find someplace to take those bets, you can possibly make alot more pofit, for the same size bet, but those are risky cuz ieven if the Eagles win, if you are wrong about the specifics in in the slightest, you lose your bet.
The type of bet you had in mind, where if the odds are against a team, and that team wins, resulting in huge profits is called future bets. Those occur well ahead of a sporting event. For the Super Bowl, they typically stop taking future bets just prior to the divisional playoffs. But that's the type of bet where you see a team given odds to win the SuperBowl. Like, a team is 16 to 3 to win the SuperBowl, which can result in huge profits.
All this is based on legal gambling. Illegal gambling can make their own rules, so I don't know them. They might offer better returns, but probably more dangerous.
All I'm saying is, if you want to bet on the Eagles for fun, go ahead, but don't expect to get rich out of it. If you're lucky you can get a lil something something, but you won't get rich, unless you bet everything you got and hope to double it. At that point, you should consult a therapist for gamblimg problems.