PFT #66 - Personal Finance Tip of the Week - Super Bowl Facts and Football Sucker Bets

<p><span style="font-weight: 400;">Super Bowl 56 between the Cincinnati Bengals and Los Angeles Rams is projected to reach approximately <a href= "https://www.history.com/topics/sports/super-bowl-history#:~:text=Broadcast%20in%20more%20than%20170,commercials%20adding%20to%20the%20appeal."> 117 million viewers</a> and in 170 countries.<br /></span> <span style="font-weight: 400;"><br /></span><span style= "font-weight: 400;">So let’s go through some current stats:</span></p> <p><span style="font-weight: 400;">-The average cost of a Super Bowl LVI ticket is more than $9,000.</span></p> <p><span style="font-weight: 400;"> -Nearly $30,000 was the highest price ever paid for a Super Bowl ticket.</span></p> <p><span style="font-weight: 400;">-17 million people are expected to miss work the day after Super Bowl</span></p> <p><span style="font-weight: 400;">-1.42 billion chicken wings will be eaten.</span></p> <p><span style="font-weight: 400;">-11.2 million pounds of potato chips are expected to be eaten.</span></p> <p><span style="font-weight: 400;">When it comes to personal finance the big game is all about the mighty dollar. According</span> <span style="font-weight: 400;">to the American Gaming Association, Americans are expected to break records this year by betting nearly $8 billion.</span></p> <p><span style="font-weight: 400;">With that being said, if you choose to gamble the biggest trap that people get caught up in are parlays which are known as sucker bets. </span></p> <p><span style="font-weight: 400;">This occurs when you place at least two individual bets and lump them together. The only way to make money is when each bet wins.</span></p> <p><span style="font-weight: 400;">So if you place five bets, all five have to hit. The payouts are great but the odds are low.</span></p> <p><span style="font-weight: 400;">When it comes to bets, the safer ones are the spread, money line (or picking the winner) or the over/under. </span></p> <p><span style="font-weight: 400;">Either way, when bets have a + next to them,