NCAA Football: The Field
Taking the field in a major bet like who will become the NCAA Football National Champion is a sucker’s bet. It has to be said. You take a look at the dozens of teams list, whose own odds range from 2:1 (Florida) up to 200/1 (Maryland – although why you’d even list a team with such horrible odds is somewhat counterproductive), and it becomes quite apparent that while you might be lured in by the decent odds, the actual likelihood of a return is next to nil.
Taking the field would be a 25:1 return on your bet. I know plenty of careless gamblers who place dozens of “crazy” bets before the start of any season, and they’re justification for it is usually something ridiculous like “remember 15 years ago when Northwestern almost won it all?” I could’ve made $100K that year if I’d done this then.
C’mon, the only people hitting that lottery are homers betting on their own team like they’re part owners.
The truth is so many things would have to go wrong in order for someone from the field to give you a return on your investment. Let me just quickly run through a few of the teams that aren’t part of the field.
Florida, Oklahoma, Ohio State, USC, Texas, Texas Tech, Texas A&M, Michigan, Kansas, Georgia, Florida State, Alabama, Missouri, Penn State, Virginia Tech…do I need to go on? Are you telling me it’s worth the 25:1 odds (which are actually too low in my opinion) to bet some other incredible Cinderella team is going to swoop in and WIN the title game?
Sorry, this isn’t March Madness and it’s not college basketball. NCAA Football Betting is completely different from all of that. It may be one and done, but to even get to the title game, you need to put together about as perfect a season as it gets. No room for error along the way. One misstep and you’re facing off against Hawaii in some dot com bowl nobody gives a crap about.
I don’t have a problem with spreading out your wagers and taking a chance or two, but this shouldn’t be one of them. If you’re going to throw your money away, you mine as well put it on a single long shot. But then, I’ve always been a fan of playing one number in roulette, and not a color. To each his own.