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In sports betting, the ‘Grand Salami’ is used to entertain customers and increase profits for their establishments. And importantly so since betting on sports has become an almost universally accepted hobby among people of all ages and economic backgrounds. To make betting more fun for customers, sportsbooks have included additional games and contests into their offerings.
The Grand Salami is one example of such offerings and, unsurprisingly, refers to something massive. And no, it is not a culinary delight or one of those massive sandwiches that you can get at your local Subway. Let’s find out more, what is a Grand Salami in betting?
In sports betting, the meaning of Grand Salami refers to a bet that you place where you predict the total number of goals or points scored for the entire game night or round. Most sportsbooks offer Grand Salami bets on MLB Baseball and NHL Ice Hockey. You can even place a Grand Salami over the entire season. Sometimes a Grand Salami bet can also be placed in American Football or Basketball, it is up to the sportsbook who can offer this market.
In a way, a Grand Salami is sort of multiple bet, however the sportsbook has already combined the individual probabilities into odds for the different ranges that you can be betting on.
Betting a Grand Salami will set the stage for an exciting evening, where the outcome of the final game could be decisive in the outcome of your bet.
There are some who say that the term Grand Salami comes from a type of sausage known as a grand salamandre, which is made of eight or more sausages on each end of the grand salamandre sausage. The story has that the Grand Salami bet is also called “the butcher’s bet” or “the butcher’s wager” because of its connection with meat. Although this may sound like an interesting story, we have not been able to confirm the origins of it.
Baseball is one of the sports that offers the possibility to bet on a Grand Salami. However, it is not to be confused with a term often heard in baseball, the Grand Slam. A Grand Slam happens when a players strikes a home run when all three bases are loaded with a teammate, thereby scoring 4 points. To be hundred percent clear, a Grand Salami does not mean home run, but is a term used in betting on baseball.
Let’s say it is Wednesday night and there are four MLB baseball games scheduled. Upon checking the lineup of games, you got the idea that at least two of them are going to be wild with a lot of runs being scored. However, you almost know for sure that one game will not be seeing many points scored. Here is an example of the usefulness of a Grand Salami in baseball.
Without knowing exactly the number of points that are going to be scored in one of the games, you could predict the total points in all four games, placed as one Grand Salami bet. Weighing expected averages for all games and turning it into one bet is a good choice and a good example of a Grand Salami in baseball.
Just like you can do in MLB baseball, you can also bet on a Grand Salami in the NHL. Betting on a Grand Salami works like baseball, however total points and ranges are expected to be less.
Almost all reputable sportsbooks offer you the possibility to bet on a Grand Salami in NHL. If the market is not listed as an option and you still want to bet on it, contact customer service and they will ask their trading team to set it up for you.
Betting on the underdog always gives you better odds than betting on the favorite. When the underdog gets listed at +200 odds, this means an opportunity for good winnings. Odds of +200 mean that when you bet $100 on the outcome, you will make $200 profit if you win your bet. In other words, a +200 underdog pays out 2 to 1 and has a 33.3% chance of winning. That means if the game is played three times, statistically the underdog with +200 odds is expected to win once.
Betting on the underdog is popular and most people want the underdog to succeed because it makes them feel good to see someone rise above adversity. In this way, rooting for an underdog can be like cheering for a team-— you want them to win so you can feel good about yourself.
In sports betting, +170 odds on a certain outcome means that when you place a bet of $100 on a Grand Salami for example, and you win your bet, you get $270 returned to you with a $170 profit. Converting American odds of +170 to decimal (European) odds gives 2.70 and is displayed by 7/4 in fractional (British) odds. Our Odds Conversion guide is a helpful resource in clarifying different odds.
A team or player that gives +5000 odds for an outcome in football, is not considered an underdog. In short +5000 odds in football means that you are dealing with a long shot. The probability of winning a bet with these odds is 2%, which comes down to once every 50 times. +5000 odds in football could be given to a team’s chances of winning the division, league or championship for example. +5000 odds converted to decimal odds gives 51.00 and in fractional odds it is a 50/1 odds.
If you are expecting the recipe for the best home-made sausage, we hope that you are not disappointed much. Nevertheless, the Grand Salami bet could give you some delight on long night of MLB baseball and NHL Ice Hockey. As always in betting, picking the right odds is key to winning and that is why we added some examples of for example the underdog at +200 with a 33.3% of winning.
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