In the real world, in order to bet 500 units (dollars, pennies, donkeys, etc.), you have to have those in your account to bet. In the Covers.com contests, you are not betting units but NET units - the amount to be won if you had actually bet with real world spreads priced in. For example, to bet a -150 favorite, you risk 750 units to win 500. Yes you can lose every game and still keep betting the maximum amounts with a negative balance. Since you are not risking anything real, this is simply a contest to see who can put together the best betting record over time.
In the real world, in order to bet 500 units (dollars, pennies, donkeys, etc.), you have to have those in your account to bet. In the Covers.com contests, you are not betting units but NET units - the amount to be won if you had actually bet with real world spreads priced in. For example, to bet a -150 favorite, you risk 750 units to win 500. Yes you can lose every game and still keep betting the maximum amounts with a negative balance. Since you are not risking anything real, this is simply a contest to see who can put together the best betting record over time.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.