What prevents someone from betting $1 on every NFL team to win the super bowl, at the beginning of the season where the odds are all pretty good?
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The odds aren’t that good. The best teams, who usually win, have far less than 1:32. If one of them wins, and pays 1:10, you lose $22.
Go for it. You’ll lose money in the long run.
There’s 32 teams, so that’s a $32 bet. You’d need one of the teams with odds greater than +3200 to win for you to make money. Otherwise, you’d lose.
If I bet $1 on a team with +350 odds, I will win my $1 back plus an additional $3.5 dollars. That doesn’t offset the $32 I spent on the other teams.
Nothing, but you would need a team with 33/1 or higher odds to win the SB in order to profit since you’re making 32 $1 bets
The odds and mathematics will have you lose money overall. So it makes no financial sense to do that. (At least, that’s the case for European sports but I’m fairly sure the same applies to US sports without having checked the actual numbers)
Unless there are restrictions on whatever betting website that you can only bet on one team, there isn’t really any.
However, looking at a quick google of the sports odds, you’d only make back your money if the team that won if the betting odds are +3100. Many of the teams that are projected to be good have much smaller returns than that.
You could do it but you likely wouldn’t make money unless some terrible team from prior year won.
Like others have said, there’s probably nothing preventing a person from making this bet. Like any bet, though, this is not a guaranteed winner. No one would run a bet they were guaranteed to lose, umm, because they’re in the business to make money. (I can think of some weird strategies for long-term futures bets that are guaranteed losers for the house, but that’s beyond the scope of this post.) In fact, bookies would be happy to take this bet because it will lose more than it will win.
I’m looking at a site right now that takes Super Bowl 56 bets and only 14 teams would make this bet a winner. If a person bets on all 18 other teams it is guaranteed to get some money back, but it’s also guaranteed to be less than the $32 put down to start with. The best-case scenario from where I’m looking would have the Texans winning at +30000. This would win you $300 plus the dollar you bet on them. After accounting for the other $31 you lost on the other teams, you come out ahead by $270. You also got six months worth of entertainment out of the bet, don’t forget about that. On the flip side, if the Chiefs win at +450, you collect your $5.50 from that bet and still have to subtract the other $31. This puts you behind by $25.50 even though you picked the Super Bowl winner six months in advance.
Absolutely nothing. Every single sports book in America would love for you to make this bet. And that’s why you shouldn’t.
The only way this is generally doable (because I’ve done it in college and won) is by betting a strategic amount on the top 3 teams (at least that’s what did). You’d have to wager a lot to actually make a lot of money because you’re automatically losing 2 bets.
What would be the payoff? You would have to first find someone who would give you odds. Other words, who would accept such a bet?
The most advanced sports betting works on spreads, so you would have to bet that the Patriots would win by 14.
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