Super Bowl XLII - New England to lose - Matchbook +133
I want to make sure I understand this bet as I don't usually bet futures.
1) If the Pats don't win the Superbowl the bet is a winner if you bet "New England to lose".
2) Is it no action or a winner if they don't even get to the Superbowl?
I will likely bet it if the second scenario applies, that would be the field for +133 vs the Pats.