Gambling Pool
Whether you want to make it an against-the-spread pool or restrict the eligible teams, there are a few ways to make a college football survivor league fun and competitive. In part four of our football betting contest series, we will take a look at a couple of survivor contest variations that can work for college football. Managers at Tyson meat plant had betting pool on how many workers would get Covid, lawsuit alleges. By Danielle Wiener-Bronner, CNN Business. Updated 6:56 PM ET, Thu November 19, 2020.
A betting pool, sports lottery, sweep, or office pool if done at work, is a form of gambling, specifically a variant of parimutuel betting influenced by lotteries, where gamblers pay a fixed price into a pool (from which taxes and a house 'take' or 'vig' are removed), and then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. (True parimutuel betting, which was historically referred to as pool betting, involves both odds calculations and variable wager amounts.)
Betting pools are not connected merely to sports, as there are topics such as deaths and births which people can bet on. Death pools usually involve well-known individuals, such as celebrities and sports figures, which the participants predict will die within a certain period of time, with more points being assigned to individuals who are under the age of 80 years or appear to be in generally good health. On the other hand, birth pools involve individuals picking specific dates in which someone, who can be either a celebrity or friend, gives birth.[1]
History[edit]
Contestants predict the outcome of sporting events that take place at a later time. The concept was introduced in 1923 by Littlewoods Pools where it was known as Uri[clarification needed] and based on football matches.
Sports Betting Globally[edit]
Today in England, sports lotteries are more commonly referred to as football pools. American sports lotteries often do not require contestants to purchase a lottery ticket or make an initial wager. Hockey pools are common in North America and footy tipping in Australia.
In the United States the most popular type of betting pool is the March Madness pools. Leading up to the NCAA Men's Division I Basketball Championship, contestants will fill out brackets that predict who will win. It is estimated that 58 million Americans participate in the contest every year.[2] Mainstream media outlets such as ESPN, CBS, and Fox Sports host tournaments online where contestants can enter for free. There are also notable sport betting pools across the globe such as Hollywoodbets, American Totalisator, Sport Select and a lot more. Employers have also noticed a change in the behavior of employees during this time. They have seen an increase in the number of sick days used, extended lunch breaks, and even the rescheduling of conference calls to allow for more tournament watching.[3][4] There are also many handicappers and pundits which offer advice for winning your bracket.[5] Another popular type of betting pool is the college footballbowl game. Millions of people bet on the winners of all 39 bowl games, as of the 2014-15 football season, every year.
Gambling Pool
See also[edit]
References[edit]
- ^'An In-depth Review of Betting'. SB Pal. Retrieved 11 October 2013.
- ^Boudway, Ira. 'The Legal Madness Around NCAA Bracket Pools'. Bloomberg Businessweek. Retrieved 11 October 2013.
- ^'March Madness: Do you call a foul on gambling in the workplace?'. Ceridian. Retrieved 11 October 2013.
- ^Petrecca, Laura (March 15, 2012). 'March Madness in the Office: Work Come in Second'. USA Today. Retrieved 2013-07-21.
- ^Boudway, Ira (March 18, 2013). 'How to Win Your March Madness Pool'. Business Week. Retrieved 2013-07-21.
Shooting pool and gambling have a long history together.
Gambling in billiards is rather simple, you and youropponent agree on a few details and the amount you’ll play for. Winner takesall.
Picking An Opponent
Don’t gamble with someone who is better than you or equal to you. Obviously, you want to pick someone you can beat by a good margin.
Make sure you are 100% sure you can beat this person even on your average days. You are doing this to make money, don’t take a risk on someone you “might” be able to beat on your good days.
Try Not To Gamble With Angry People Or People In Large Groups
You want to avoid trouble at all costs. You probably go to the same bars and you have made friends with other pool players and the staff.
Gaming Pool
No point in ruining it for some quick cash. If you do, try to make sure that the person comes off as an easy-going person or relaxed.
If you can, bring a friend too. This helps because you have someone in your corner that has your back. It might also help in case your opponent has multiple friends and it can make someone feel pretty uneasy gambling alone.
Pool Gambling Terms
Figure out the details
How much money are you playing for?
Don’t bet all the money you have in your pocket. You may needit in case you lose and want a rematch. Get a bankroll dedicated for gamblingso if you lose – it’s no big deal. Bills are still good to go.
Don’t bet a large amount of money with a person you justmet.
If someone you don’t know walks in and wants to play for $1,000– say no. You don’t know how good this person is (yet). Counter with a smallerbet so you can at least figure out how good they are. “How about $20 or $100instead?”.
If you happen to be a phenomenal shooter (7 in 8-ball APA,Fargo Rating 550+), you can probably hold your own. My only advice then wouldbe to make sure you aren’t alone for safety reasons.
Figure out how many games to play
It’s common to play a “race” to 3 games or 5 games. A racejust means both players are trying to reach the same number of wins. Firstperson to win 3 games first wins the race. The number of games varies dependingon how long you want the entire match to last. Figure this out first.
Giving up weight or getting weight
It’s best to get weight by racing to less games. If I’mplaying someone better than me, an example would be me racing to 3 games whilemy opponent races to 5 games. I still wouldn’t advise on this bet because ittells me that the opponent is much better than me. I would rather be racing to5 games because I know my chances are still higher to win.
If you are giving weight, a good (or bad) strategy is to “giveballs”. This is a hustler way to give weight because it clears the table out foryou and makes it easier to run the table.
Example: After the break take 2 balls off the table for youropponent.
Gambling Pool Ideas
They are bound to miss at least 1 time. The table is openfor you to run.
What are the rules?
Agree on the format. BCA? APA? 9-ball with alternatingbreaks? The most annoying thing is coming to a disagreement on what the rulesare. Figure out the rules up front so there are no surprises.
Related Questions
Can I walk away after winning?
In most cases, no. It is good etiquette to give youropponent a chance to win their money back. If they want to play again andagain, you have to stick around until they give up or the bar closes.
If you need to leave at a certain time, give your opponent a heads up so they are aware.
If you leave immediately after winning or quit – this is theworst kind of gamblers. No one will want to gamble with you in the future andyou just come off as a jerk. Don’t do this.
You have to give the other person a chance to win theirmoney back.
Don’t show the money, keep it in your pockets
You don’t want to get kicked out of a bar because you leftthe money on the table. This is an obvious and dumb way to do it. Unless youknow every staff member in the bar or the owner, just keep it tucked away.
Is hustling or gambling in pool illegal?
It depends on the state you live in. You will have to lookit up because it changes based on location.
For the most part though – this is a grey area that reallydoesn’t get enforced. I have gambled and seen other people gamble with shootingpool and no law enforcement was ever involved.
There are also other things to consider because some placesonly say its illegal if the ‘House’ takes a cut. Again, double check with yourstate laws.
Gambling Pool
Good Pool / Billiard Gambling Movies
Here are some awesome pool movies. There aren’t many, butthere are a few gems out there. These are some of my favorite. Enjoy thesemovies and make sure you don’t end up losing like some of these shooters below!
- The Hustler
- The Color of Money
- Poolhall Junkies
- Turn the River
Final Note
Just make sure you have fun. When you are gambling in
Make sure to check out my post on 20 tips on how to stay focused in
Dead Pool Gambling
If it’s all seriousness when you’re gambling, then is it really just work? Stay safe and make some money. Good luck everyone!