Betting Games to Play During NFL Draft

For this game, each person should make a mock draft of the first round (picks 1-32) and bet $10. At this point, no more money is bet. With the NFL draft having moved to prime time in 2010, it’s now easier than ever to watch the draft and throw parties on draft day 1 (and beyond). The premise is simple: given 2 scenarios which will result in a number, which scenario will produce a larger number. The mocks will then be scored and the money distributed in a way agreed upon (aka winner 75%, 2nd place 25%). This is a fun exercise when your team is drafted, as you can see who you would pick at this point and can watch players literally “come off the board”.

Each and every year the NFL draft is becoming more and more popular and is becoming a holiday of sorts for NFL and football fans. Of those people, the next person to win gets all the money in the bowls and all the relevant pots. This represents any player who is not a label on the other 4 bowls. Because it can be kind of hectic labeling the bowls in between picks, it’s recommended that you rotate labeling responsibilities every 5 picks, so everyone has time to enjoy the draft. It’s also recommended to find a list of the top 50 players in the draft and use that to pre-create some labels, so you don’t have to write down names during the draft. To deter any cheating or foul play, it’s best if all bets are placed as soon as possible, that all contestants stay off of Twitter, and that no bets may be changed after a certain time (like less than 2 minutes left on clock).

Game 2: Prop Bets

With this game, brainstorming the bets and categories is almost as much fun as choosing the bets and watching them unfold live.

For each pick in the draft, tape 1 name below each bowl, to give a total of 5 names for each and every pick. Before each pick, each person in the room places $1 in the bowl of the player they think will be drafted. The person who correctly guesses the drafted player wins all the money in the bowls. What About Trades?

If a pick is traded, everyone may remove their dollar bet and, after the bowls are re-labeled (if necessary), change their bet to a new player.

What About Ties?

If 2 or more people select the same player and are correct, all of the money goes into a specially labeled side pot. Here are some more sample prop bets:

Game 1: Betting Bowls

For the first 10 picks of the draft, it is often more fun to have the 5th bowl labeled as “Rest of Field” instead of an actual player name. There may be several side-pots at any given point.

What if Nobody is Correct?

If nobody puts money in the bowl of the correct player, all of that money goes into a general pot, and the next person to correctly guess a player gets that money in addition their other winnings.

What if there is still money in the pot after round 1 ends?

If the day or round ends and there’s still money left to be won, the game goes to “overtime”. The first person to get a pick correct gets all the money.Notes

Wide Receivers drafted in round 1 OR Pick number at which first Wide Receiver is drafted. The number of the first pick traded OR the number at which the first Running Back is selected. Number of trades in the top 10 picks of round 1 OR number of trades in the bottom 10 picks of round 1. University of Florida players drafted in round 1 OR Pac 10 players drafted in round 1. Game 3: Mock Drafts

Mock drafts are getting more and more popular and easier to do all the time with sites like ESPN and WalterFootball.com providing tools to create mock drafts. Score the mock strictly by where the player is drafted with no regards to team using the following system:

Correct player in exact spot = 5 points Correct player 1 spot off (+/-) = 3 points Correct player 2 spots off (+/-) = 2 points Correct player 3 spots off (+/-) = 1 point Game 4: Your Big Board (non-betting)

This is not a betting game, but rather an exercise that allows you to better understand the draft’s depth and players.

Before the draft, create a printout, posterboard, or individual cards with approximately 75-100 of the draft’s top players arranged from top to bottom according to your preferences and team needs, as if you were the general manager. For example: “Which will be higher: Number of Linebackers drafted in round 1, or number of players selected from Florida colleges in round 1?”

On a fireplace, hutch, or other surface near the TV, place 5 bowls. Some watch it to see where their favorite college players get drafted, some watch the draft for the drama and trades, and many watch it to see which players their favorite team will be building its future around.. Doing any or all of the following games or activities is a great way to stay invested in each and every pick and keep the energy level high.

Creating between 10 and 20 of these questions and putting $1 down for each is a fun and creative way to think about the draft. Each and every pick, each person must choose 1 player they believe will be drafted at that pick, and it cannot be the same player anyone else has chosen (aka they must all be unique). Aside from food, friends, and beverages, there’s no better way to increase the fun had during the NFL draft than by placing small bets with your friends

Sports Betting as an Alternative Investment

Remember a good bettor will still lose around 4.4 to 4.6 bets out of 10. Very briefly the US pros generally turn to Basketball as a major source of income simply because of the sheer number of games - . You “buy” it. I guess some books simply do not like winners – but many manage the action well and allow big bets. Still, if you are not profitable in your betting after say 350 bets or thereabouts – it may be time to say “ok this is not for me” or “ok let me re-think my betting strategy.” You simpy cannot tell if you are a good or bad bettor after 10, 20 or 50 bets – with those low numbers you are still falling victim to standard deviation and probability.

Sports Betting as an Alternative Investment

by: Daniel B.

You need to indentify the “product” eg a stock or a team – it doesn’t matter. The key to success in any trading or betting environment is value. If you are not getting a value price, then you will find it hard to make a profit.

So what kind of returns can you expect?

Of course to many members of society – betting also carries a great big “loser” tag. I wonder how many young people on Wall Street today can confidently say they will only have one losing year? There may be a handful, those engaging in arbitrage and those experienced in ‘selling’ as well as ‘buying’ the market – but there won’t be many.

So do the sportsbooks close accounts if you are a winning player? Well curiously the answer is ‘yes’. Football (NFL) is big too though game numbers are few. It is tougher psychologically as you generally act in a lone capacity. The laws of probability defy accurate annual estimates.

The Sports. Big bets means big turnover, big turnover means big profits.

you need to bet high numbers of games to get the returns. Sports markets are not influenced by the economy. I would, however, estimate that the percentage of “losers” would be equally high in the world of stock trading and investment markets if you considered those individuals who entered that environment without the necessary experience. Hockey does not have many takers but the lines are often the best value – the prices can be very generous. If your expectation of that product doing well is higher than the price on display – in relative terms. In the UK and Europe it is mainly Soccer and Horse Racing. I am always aware of the possibility but I am confident I will never experience one again – partly because of the numerous hedging methods now available on the sports betting exchanges. But then no bosses, politics…you know the score.

You will notice that I have not stated losing years – this is because they are rare – I have experienced one in my life time, my first.

Anywhere between 18% and 22% on betting turnover (that money actually put through the sportsbooks) annually. The price you get in the morning is the price you stay with – unlike US horse betting which is subject to starting price odds and heavy taxes. Baseball runs somewhere in between. It is not really surprising as betting is hard work, solitary, and you have to grind out thousands of bets to get your returns.

This article was posted on January 29, 2005

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Betting is also virtually recession proof, lets face it only a huge war might disrupt the national sports schedule. No corporate social or support structure, no lunches, no team environment. There is no tax on betting in the UK which is a big advantage and no pari-mutuel system on horse racing. Most people trust their savings and investment income to experts and no doubt if the betting public trusted their income to the 1% or 2% of betting experts who made a profit – the loser label might become less sticky. You worship different gods and your path is one that runs through the wilderness and is not well trodden. King

Many will dismiss outright the ability to make good returns on your investment through the medium of sports betting. Winning bettors do not win money from a sportsbook, they win money from other losing players. The sportsbook makes its money whatever the result – they are merely commission-takers. This is not without justification since the vast majority of sports bettors do lose. You will love it or hate it..

Generally I have found that sports betting produces bettor average returns year on year. Of course this could vary greatly – years of 30% and 13% would also be possible. I say curiously because if the book is doing its job properly, it is taking the action from both sides of the line (odds on the event) and simply taking the commission in the middle