When you\u00a0become a bookie agent\u00a0it can be very nerve-racking when your players are making wagers on underdogs that have extremely large odds. For example, players can bet the\u00a0Odds to win the Super Bowl\u00a0and select a team like the\u00a0Jacksonville Jaguars\u00a0who are currently +9000.\u00a0 This means a $100 wager on the Jaguars to win the\u00a02018 Super Bowl\u00a0would have a payout of $9,000, which could be a very worrisome outcome for agents that may not have that amount of funds ready to immediately payout, or who just don\u2019t want to take a 9k hit to their profit margins.<\/p>\n\n\n\n
Experience the power of the best bookie software<\/a> for yourself with AcePerHead.com’s 6-week free promotion now.<\/p>\n\n\n\n Most fellow agents would say it would be safer and better not even to offer lines over a certain amount of odds, to limit their risk exposure. This is definitely an option that agents can use, and then remove the teams or players with the larger odds, that are too rich for their blood. However, this is not a wise move, simply because you should never restrict your players from betting on something, and there is a clear reason why the odds are so high for certain teams and players, which is that 99.9%\u00a0of the time never ever win.<\/p>\n\n\n\n If one just looks at the champions of each of the\u00a0major sports\u00a0over the last couple of years, it is obvious that it is almost always the same teams winning or reaching the finals each year, and those teams are all teams that were one of the top 5 or top 10 favorites to win the finals at the beginning of the year when the odds are first opened.<\/p>\n\n\n\n For example, in the\u00a0NFL\u00a0the\u00a0New England Patriots\u00a0have won the Super Bowl two out of the last three years and have been one of the top favorites each season, including this upcoming season where they are the betting odds on favorite at +300<\/a>\u00a0to win the\u00a02018 Super Bowl. In the\u00a0NHL\u00a0the\u00a0Pittsburgh Penguins\u00a0have won the\u00a0Stanley Cup\u00a0two years in a row and have been one of the top 5 favorites to win it all each of those two seasons.\u00a0 In the\u00a0NBA\u00a0the\u00a0Golden State Warriors\u00a0have won the\u00a0NBA Championship\u00a0two out of the last three years and were an unprecedented -160 to win the Championship in 2017.\u00a0 (You never see a minus favorite to win one of the four major\u00a0North American sports, so it should not be any surprise that they breezed through the season and playoffs on their way to a Championship victory.) In the\u00a0MLB\u00a0in 2016, the\u00a0Chicago Cubs\u00a0won the\u00a0World Series\u00a0for the first time in 108 years, however, to enter the 2016 season they were the betting odds on favorite to win it all at +400.<\/p>\n\n\n\n These examples can also be seen in\u00a0Soccer, where\u00a0Real Madrid\u00a0has won the\u00a0Champions League\u00a0the last two years in a row, and have been one of the top 5 favorites to win it all in both seasons. Germany\u00a0won the\u00a0World Cup\u00a0in 2014 and they also were one of the top 3 favorites to win it all. All of the individual soccer leagues in Europe have the same favorites and the same winners each year. <\/p>\n\n\n\n In\u00a0Auto Racing\u00a0it\u2019s the same top 5 favorites that win the big races, and the same with\u00a0Tennis.\u00a0Golf\u00a0may be one of the few sports where you see the occasional random large underdog that wins, however, Golf usually has around 160 players in a tournament so to pick an underdog winner is almost impossible because of the large number of players in the field.<\/p>\n\n\n\nSo What Should Agents Do In This Situation?<\/h2>\n\n\n\n