Invested: $200
Currently: $320
Up $120 on the year is pretty good.
I thought I'd try something new, and bet $100 on Super Bowl futures on the eve of the playoffs. Here are the current odds:
As good as I think the Chargers are, I am willing to stake a big claim that Norv Turner won't win a Super Bowl. Same goes for Favre.And I just wrote a big post about how I think losing today hurts the Colts, but the Pats are the only team I think that can hang with Indy in the AFC.
Since the Colts are at 11/4, putting $40 on them would give me $110, and a profit. That's my goal. To profit on the Pats, I need to put more than $10 on them.
In the NFC, since I believe in the Saints, I need to put at least #34 on them to make a whopping $2. And with the semi-collapse of New Orleans and Minnesota, I think the Packers, Cowboys and Eagles all are interesting bets. But I consider the Eagles and Cowboys about the same, and I'm getting twice the action on Dallas...
So here are my NFL futures for Super Bowl 44:
Colts $38
Saints $36
Pats $12
Packers $8
Cowboys $6
I can see why these bets are so great for the Sportsbooks. To reach my goal of simply making a profit, I've covered not even half the field and my potential profit is negligible. And if either #2 seed wins than I've lost all my money. All risk, no reward is how I've set this up. The other option would be to put all $100 on the Colts, giving me significantly more room for reward, but also lessens the chance that I'll break even at all. Basically these are terrible bets. Good to know.
Post your futures in the comments and see if you can make more than me with $100.
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