Top 2 NCAA Prop Bet Mistakes Online Bookies Need to Know
Betting on NCAA prop bets can yield significant profit to future bettors. This is especially true once the NCAA Tournament comes around.
Most prop bettors aren’t infallible. That’s a good thing for bookies and per head agents. See below for the top 2 mistakes that bettors make regarding prop bets.
Bookies and per head agents looking to expand their business should have the proper software. See PayPerHead.com’s premium software to sign up for a free 7 day trial.
Betting too much on the favorite to win the prop
This is apparent both before the college basketball season starts and right before the NCAA Men’s Basketball Tournament starts.
An example is dumping on Duke, Kentucky, Villanova or Kansas to win the 2017 NCAA Men’s Basketball Tournament. Duke is at +400, Kentucky is at +750, Villanova is at +1000 and Kansas is at +1000.
All 4 teams have won the NCAA Tournament in the past. But, here’s the thing...
Duke’s last NCAA Tournament win was in 2015, Kentucky’s in 2012, Villanova last season (before that the Wildcats won the NCAA Tournament in 1985) and Kansas in 2008.
It’s doubtful that any of the teams listed will actually win the NCAA Tournament in 2017, mainly because winning the NCAA Tournament is not an easy thing to do.
If only bookies and per head agents are worried, they can always lay off large wagers on favorites with a different bookmaker or through their pay per head partner.
Spreading around future NCAA Tournament bets
This is another mistake that future bet handicappers make on the NCAA Men’s Basketball Tournament. Spreading around your bets is almost as bad as betting too much on a favorite.
The NCAA Tournament is one of the most difficult events to handicap because before the tournament is even set, so many things can happen to various teams.
Spreading around bets is a killer for handicappers. For example, the odds on Arizona to win the 2017 NCAA Tournament are at +1400. The odds on Xavier are at +3300.
After handicapping the game, say a basketball future prop bettor invests $150 on both Xavier and Arizona. That’s $300. Arizona hasn’t won the NCAA Tournament since 1997. Xavier has never won the NCAA Tournament.
Online bookies and per head agents should encourage this sort of wagering. They should set betting limits on each one of the props being offered.But they shouldn’t discourage any future bettor looking to spread his or her money around.
By pointing to the great odds on teams like Arizona and Xavier, bookies could encourage more action on those underdog teams to win the NCAA Men’s Basketball Tournament.
