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How to bet on sports and win big
Chad Millman, Editor in Chief of ESPN The Magazine, tells how sports analyst Mike Wahl has examined sports betting from many angles and found an almost sure winner in college football. Typical of many current sports gurus, Wahl earned an MBA and then worked in business as a financial analyst before switching to sports.
To find the right winning bet, Wahl searched through six years of college football games (376) when a team was favored by 20-25 points. To bet on an outright game winner is supposed to be evened out by having the wager on the favorite cost more than the one on the underdog. He found that if you bet the same amount on the favorite as an outright winner, you'd have won overall for six years in a row and your return would have been 12.24 percent. But I'm sure this loophole will be closed very soon.