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?
In: Other
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.
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