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When you place a bet, the sportsbook takes a commission out of the bet, known as the “vig” or the “juice”. The standard commission is 10%. This commission is known as the “vig” or the “juice”. If you bet $100 on a team that is -7, then you will win $100 if they win by more than 7 points. However, if they only win by 7 points, then you will only get back $90, because the sportsbook keeps the other $10.
The other way to bet on football is the moneyline. The moneyline is simply who will win the game, regardless of the margin of victory. If you bet on the Patriots -7, then you need them to win the game by more than 7 points. If they win by exactly 7 points, then you push (tie) and get your original bet back. If they lose by less than 7 points, or lose the game outright, then you lose your bet.
The last way to bet on football is with the total (over/under). The total is how many points both teams will score combined. For example, if the total is set at 44 and you bet the over, then you need both teams to score 45 or more points combined. If they only score 44 points combined, then you lose your bet. If they score 45 or more points combined, then you win your bet.
The most important thing to remember when betting on football is that there is no sure thing. No matter how good a team looks on paper, anything can happen on any given Sunday (or Monday, or Thursday). The best way to win money betting on football is to do your homework, know your stuff, and don’t let your emotions get in the way.
How many bets is a 7 fold?
A 7 fold bet is a wager that consists of seven selections. These selections can be made in a variety of ways, but most commonly they are made on seven different sporting events. The potential payouts from a 7 fold bet can be very large, which is why this type of wager is often considered to be a high-risk/high-reward bet.
To calculate the potential payout from a 7 fold bet, you simply need to multiply the odds of each selection. For example, if you were to place a £10 7 fold bet on the following seven horse races:
Race 1: Odds of 2/1
Race 2: Odds of 4/1
Race 3: Odds of 5/2
Race 4: Odds of 3/1
Race 5: Odds of 6/1
Race 6: Odds of 9/2
Race 7: Odds of 10/1
Your potential payout would be £10 x 2 x 4 x 5/2 x 3 x 6 x 9/2 x 10, which equals £54,000. As you can see, the potential payouts from a 7 fold bet can be extremely large.
However, it is important to remember that the more selections you make, the harder it is to win. In fact, the odds of correctly predicting the outcome of seven different horse races are 1 in 128,000. This means that, even though the potential payouts from a 7 fold bet are large, the chances of actually winning are very slim.
