Reason #5 why the Wizard likes Bovada:

Intelligent Bonuses

Many online casinos offer huge signup bonuses, but there’s a catch. Buried in the fine print is that play on the most popular games doesn’t count towards earning the bonus. It’s common for play on blackjack, baccarat, roulette, craps, and video poker to be excluded. In many cases, only slots count.

And that’s if you can even find the terms and conditions. Many casinos put their 100% bonus in big flaming letters but make you hunt all over their site to find the rules.

Bovada allows play on all games to count towards the wagering requirement. It’s that simple. Just no opposite betting. All casinos ought to be as easy as Bovada about this. The bonus offer itself is simple too: on your first deposit, they’ll give you an extra 10%. If you deposit $100, you’ll wind up with $110 in chips or tokens.

Finally, in the unlikely event that Bovada feels you’ve been abusing their bonuses they won’t seize your winnings like most other casinos will. In the worst case scenario they will politely tell you that they will not be offering you any future bonuses, but you are welcome to keep playing and keep everything you have made already.

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College Football Money Lines

I rarely find what I believe to be a good bet on an underdog on the money line. The following chart shows the probability of winning by point spread, based on historical data (from 1983 to 2005).

The following table shows the actual data. The estimated probability of winning is based on smoothing out the ups and downs. The fair money line is based on the estimated probability of winning. This table does not factor in "key numbers" in the NFL. In other words, some margin of victories are much more likely than others, especially 3 and 7. It is a much bigger handicap to be given 3.5 points compared to 2.5, thus the 3.5-point underdog is going to have a significantly lower chance of winning compared to a 2.5-point underdog. I'll leave adjustment to the reader (sorry).

To find the fair money line on a favorite, just multiply by -1. For example, a 7-point underdog shows an estimated probability of winning of 30.2%, which corresponds to a fair money line of +231. Thus, a 7-point favorite would have a 69.8% chance of winning, for a fair money line of -231.

Probability of Winning in the NFL by Point Spread
Spread	Wins	Loses	Actual Probability	Estimated Probability	Fair Money Line
0	472	944	50.0%	50.0%	100
1.5	132	284	46.5%	45.5%	120
2	141	280	50.4%	44.1%	127
2.5	164	376	43.6%	42.6%	135
3	246	540	45.6%	41.1%	143
3.5	134	358	37.4%	39.7%	152
4	135	337	40.1%	38.3%	161
4.5	93	259	35.9%	36.9%	171
5	74	213	34.7%	35.5%	182
5.5	101	294	34.4%	34.1%	193
6	109	343	31.8%	32.8%	205
6.5	121	383	31.6%	31.5%	217
7	146	493	29.6%	30.2%	231
7.5	84	332	25.3%	29.0%	245
8	73	243	30.0%	27.8%	260
8.5	67	227	29.5%	26.6%	276
9	62	225	27.6%	25.5%	293
9.5	64	250	25.6%	24.3%	311
10	79	320	24.7%	23.3%	330
10.5	43	210	20.5%	22.2%	350
11	56	217	25.8%	21.2%	372
11.5	38	142	26.8%	20.2%	395
12	37	179	20.7%	19.3%	419
12.5	38	176	21.6%	18.4%	445
13	42	237	17.7%	17.5%	472
13.5	42	210	20.0%	16.6%	501
14	56	328	17.1%	15.8%	532
14.5	28	194	14.4%	15.0%	565
15	19	157	12.1%	14.3%	599
15.5	20	123	16.3%	13.6%	636
16	22	171	12.9%	12.9%	675
16.5	14	144	9.7%	12.2%	717
17	29	239	12.1%	11.6%	761
17.5	17	134	12.7%	11.0%	808
18	8	121	6.6%	10.4%	858
18.5	6	89	6.7%	9.9%	910
19	18	142	12.7%	9.4%	966
19.5	10	83	12.0%	8.9%	1,026
20	9	136	6.6%	8.4%	1,089
20.5	12	109	11.0%	8.0%	1,156
21	10	138	7.2%	7.5%	1,227
21.5	4	94	4.3%	7.1%	1,303
22	5	128	3.9%	6.7%	1,383
22.5	7	71	9.9%	6.4%	1,468
23	7	115	6.1%	6.0%	1,558
23.5	5	76	6.6%	5.7%	1,654
24	6	122	4.9%	5.4%	1,756
24.5	3	68	4.4%	5.1%	1,864
25	5	62	8.1%	4.8%	1,978
25.5	2	61	3.3%	4.5%	2,100
26	1	78	1.3%	4.3%	2,229
26.5	4	55	7.3%	4.1%	2,366
27	1	79	1.3%	3.8%	2,512
27.5	2	56	3.6%	3.6%	2,666
28	6	93	6.5%	3.4%	2,830
28.5	2	41	4.9%	3.2%	3,004
29	1	52	1.9%	3.0%	3,189
29.5	1	38	2.6%	2.9%	3,385
30	1	52	1.9%	2.7%	3,594
30.5	3	33	9.1%	2.6%	3,815
31	2	58	3.4%	2.4%	4,049