Wagering on sports’ biggest underdogsNovember 29th, 2012 by Chris Humpherys
Every so often, I’ll get e-mails from potential contributors asking me to post this article or that hyperlink on any given, sports-related topic.
Most of the time, webmaster Eddie and I feel they don’t bring much to the table but every so often one comes along that is entertaining, informative and incredibly worthwhile, as is the case below.
The good people at Casino.org recently submitted this infographic for you, my readers. In honor of the lucky saps who took home $500 million in Wednesday’s PowerBall, I found it only appropriate that I join them in celebrating the biggest underdogs in sports history.
In the past, we’ve talked a lot about money line bets, which is generally the way I like to wager since you don’t pay the juice. A money line is when you bet either the underdog (or favorite) and don’t take (or give) the points in a given contest. When taking the underdog to win outright, you substantially increase your payback on the wager. For example, Georgia is a seven point underdog in Saturday’s SEC Championship Game. They are also +285 on the money line. There are obviously several ways to bet this game but if you like the Bulldogs to win outright, it makes sense to bet them money line as a ten dollar bet would come back $28.50 (10 times the plus 285 multiplier). Of course, Georgia has to win the game.
Listed below are some of the greatest money line bets (upsets) in sports history and what you would have made back had you placed a simple ten dollar wager on the outcome. Oh, to be in on some of these.
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