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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There is nothing preventing you from doing that except for the fact that sportsbooks make it financial unsound to do so. To make $1 winning the bet, you would have to pick a team who’s odds are +3200. Even the last place team right now only has +2500 odds, which means your $1 bet on all teams would lose $7 even if that longshot actually wins. Over half the teams only pay +500 odds($5 on a $1 bet). The best team(Bucs right now) only pays 9/4 (2.25 times your $1)
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