So you are trying to make some money on the betting side and you come across an event where the payout is extremely high. What should you do? Of course you want to make the right move and choose your team wisely, but the sheer magnitude of the payoff makes it difficult to predict just how well your team will do. How much are you willing to risk on one event? That is the million dollar question because the answer will directly determine how much you are able to make or lose from betting on sports.
The Case of the Eagles
The Eagles are currently sitting at 11-3 and are one of the favorites to win the Super Bowl this year. For those who bet on them, a $500 wager turned into a $60,600 payday. The payout was so good that many bettors rushed to put down wagers on the Eagles just to cash in on the massive payouts and to prove to their friends and families that they are a genius for predicting the winners. If that seems too good to be true, it probably is because it is too good to be true. The point is that the Eagles are a popular team to put money on this year and there is a big reason why. In the coming sections, we will discuss some details about the team that you should know before placing a wager on them.
The following statistics from sportsbooks are for the Eagles:
- Total Betting Volume: 3.7 million.
- Biggest Ever Over/Under Total: 61.5
- Biggest Ever Spread: 3.5
- Straight Betting Volume: 2.5 million
- Most Money Won/Loss: 23-17 (14.9 to 13.9)
- Most Money Won/Loss On Home Games: 30-20 (18.2 to 15.8)
- Most Money Won/Loss On Neutral Site Games: 17-23 (10.2 to 14.4)
- Most Money Won/Loss On Away Games: 11-28 (6 to 12.6)
The following are the key players on the Eagles:
- QB: Nick Foles
- RB: LeSean McCoy
- WR: Torrey Smith
- TE: Dallas Goedert
- OT: Jason Peters
- LT: Jason Kelce
- LG: Brett Brackett
- C: Jason Garret
- RG: Todd Herremans
- RT: Lane Johnson
The Eagles had a very stable coaching staff this year with a revolving door at the quarterback position. The Eagles went with Foles in the offseason based on potential and he ended up being the best option out of all the quarterbacks they could have chosen. When Foles went down with a broken collarbone against the Dallas Cowboys in week 11, rookie quarterback Carson Beckett stepped in and performed very well in Foles’ absence. After that game, the Eagles went back to Foles and Beckett became the number two quarterback behind Foles. Coach Doug Pederson even stated that Beckett is showing the potential to be a great quarterback in the NFL. The following are the names of the coaches and quarterbacks who started this year’s games for the Eagles:
- Head Coach: Doug Pederson
- Starting QB: Nick Foles
- Backup QB: Carson Beckett
- Starting RT: Jason Peters
- Starting LG: Brett Brackett
- Starting C: Jason Kelce
- Starting RG: Todd Herremans
- Starting RT: Lane Johnson
The Eagles are owned by Jeffrey Lurie and Stephen Diamond. Jeffrey Lurie is the founder of the Philadelphia Eagles and owns 80% of the team. Stephen Diamond is the CEO of Diamond Investment Company and he owns 10% of the team. Together, they make up 90% of the ownership of the Eagles. The 10% owned by the public includes 5% owned by the state of Maryland. The state of Maryland bought a 10% stake in the Eagles for $62 million back in 2012. The following are the owners of the other 10% of the team:
- Merrill Lynch
- Pfizer Inc.
- J.P. Morgan Chase
- The Bank of New York Mellon
- T. Rowe Price
Why Will The Eagles Win The Super Bowl?
There is a clear pattern in the betting odds when it comes to the question of whether or not the Eagles will win the Super Bowl. The following table shows the betting odds over the last several seasons for the Eagles to win the Super Bowl:
Team To Watch Out For
If you are a fan of the Eagles, then it is important to look out for a few teams this upcoming season. The most important of these teams is the Washington Redskins. The Redskins are another team with a lot of money and resources behind them. They also play with a lot of heart which makes them very competitive. If there is any team that can stop the Eagles from winning the Super Bowl, it is the Redskins. If the Redskins sweep the season series against the Eagles, then there is no question that they will be the team to beat in the NFC.
What If You Bet On The Over?
Many people have no qualms about betting on the favorite in most situations. When the favorite wins, most people consider that a good bet. This is one of the reasons why there are so many sportsbooks open for business.
When the favorite bettor wins, the excitement is usually followed by disappointment once the public realizes that the favorite did not win after all. This was the case in 2015 when the Philadelphia Eagles were heavily favored to win the Super Bowl. The public overwhelmingly backed the Eagles and they were widely predicted to win the Super Bowl that year. Unfortunately, that did not happen. In fact, the Eagles lost 9 out of their last 13 games and eventually finished with a 9-7 record which was good for second place in the NFC. The following season, the Eagles had one of the best defenses in the NFL and only managed to score 16.5 points per game. This was the lowest point total in the history of the team and it was a major contributing factor to the lackluster 8-8 season.
In other cases, where the public does not have enough confidence in the favorite, they will go the other way and take the underdog. The opposite is also true. The public can get excited about an underdog and if they win, it is usually a cause for celebration. In 2014, the Tampa Bay Buccaneers were a 3.5-point underdog against the Seattle Seahawks in the Super Bowl. Many people backed the Buccaneers because they were not supposed to win. This turned out to be one of the best all-time Super Bowls where the underdog won 31-20. It was just one of many exciting games that year.
In general, it is a very good idea to bet on the underdog if you are looking for a long-term gain. There is a high probability that the underdog will start losing once the public gets into the habit of backing them. When that happens, it usually means that the bet was a bad one and you will lose your money. This is why you should avoid betting on the favorite and going with the underdog whenever possible. The exception to this rule is if you are confident that your favorite will win the game outright.
What If You Are Confident That Your Favorite Will Finish As The Long-Term Underdog?
Sometimes you come across a situation where there is no question that the favorite will win. When this happens, it is usually best to go with them. There is always the risk that the favorite will disappoint you but there is also the risk that the underdog will win. When this happens, it is usually a good opportunity to make some easy money. There is no need to spread your money around because you know that your favorite will cover the spread. You do not have to worry about whether or not they will win because there is no doubt that they will cover the point spread.