Sports Betting 101 Pdf
- Three teller windows are available while the Sports Book is open. After hours, tickets can be cashed out at the main cage. Eight sports betting kiosks are also available, six in the Sports Book and two on the gaming floor, for 24/7 betting.
- Sports Betting 101 See All Guides. The Comprehensive Beginner’s Guide to Sports Betting. Anyone has the potential to be a sharp sports bettor with the right info. That’s why SBD put all the fundamentals into our introductory series for new bettors: Sports Betting 101.
- Sports Insights defines a Steam Move as sudden, drastic and uniform line movement across the entire sports betting marketplace. Steam is the result of a sudden overload of money placed at multiple sportsbooks and, in most cases, occurs due to betting groups, betting syndicates and a few key players with the resources to “get down heavily.
- Since then, legalized sports betting has spread from betting parlors, to casinos, to the internet, to phone applications. And you're no longer limited to the four major professional sports. The majority of bookmarkers are now taking bets on everything from college football and basketball, to cricket, to golf, to auto racing, to international.
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- Sports Betting 101 For Dummies
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The NFL is the most popular league in America. And while watching the games are fun enough, one way to get more out of games is having a personal investment in the outcome. That is where betting comes in. Wagering on a game adds excitement and intrigue — while increasing the emotional interest because of the money involved. It is similar to fantasy football, except with the rooting interest being in the outcome, not players’ stats.
NFL betting: Ways to bet
SPORTS BETTING 101 TYPES OF SPORTS WAGERING STRAIGHT BET – A straight bet is one bet on a game or event decided by a point spread, point total or money line. PARLAY – Also called.
Access USA TODAY Sports’ betting odds for a full list of sports betting odds and lines.
Futures betting: Wagering on an outcome beyond a single game result. The most common futures bets are Super Bowl champion, followed by conference/division champion, making the playoffs and regular-season win totals.Single-game betting: Wagering on the outcome of a single game. It can be the straight outcome — which team wins outright. It can be against a point spread — whether a team wins or loses by a set number of points. Or it can be whether the combined point total goes Over or Under a predetermined number.Prop bets: Wagering on individual occurrences or individual player acts or performances, such as whether a player will score two touchdowns in a game or who scores the first TD of the game.Live betting: Bets made after a game starts. As the game goes on, the point spread and Over/Under total will change, as will odds of each team to win outright. If a team favored before the game falls behind early, they may become the underdog.NFL betting: Key betting terms to know
Moneyline: This is betting for the outright winner of a game. The line is posted with a positive or negative number. A positive numbered line will profit more than the initial wager. Example: A line of +160 means that a $100 bet would profit $160. A negative number line profits less than the initial wager. Example: A line of -150 means one would have to bet $150 to profit $100 (getting $250 total — their original bet and the profit).Point spread:Sports Betting 101 Pdf Free
This is essentially a handicap for one team. A team with a negative spread number must win by more than that amount. If the line is Cardinals -3.5, they must win by 4 points or more to win the bet. A positive spread (ex: Bengals +3.5) means one can win the bet if that team loses by less than that amount. Betting the Bengals +3.5 means the bet wins if they lose by 3 points or less, or if they win outright.Over/Under: This is also referred to as the total. It is the line for the combined total points scored by the two teams. Often the lines are weighted. An Over/Under line of 45 (-120, +100) means one must bet 1.2-to-1 on the Over, while it’s an even-money bet (1-to-1) on the Under.Push: This is when the point spread or point total is matched exactly. If the line has a half point, this can’t happen. If the line finishes in a push, all money is refunded. If the line was Cardinals -3 and they win by exactly 3 points, the bettor gets his money back.Parlay: A combination of two or more bets in which all bets must win in order for the parlay to win; if any one bet loses the entire parlay loses. The benefit is a successful parlay pays more. Moneylines, point spreads and Over/Unders can be parlayed. Sportsbooks differ in payouts, but the average payoffs are:| PARLAY | PAYOUT |
| 2-teamer | 2.6 to 1 |
| 3-teamer | 6 to 1 |
| 4-teamer | 11 to 1 |
| 5-teamer | 22 to 1 |
| 6-teamer | 40 to 1 |
| 7-teamer | 80 to 1 |
| 8-teamer | 150 to 1 |
While they pay more than a straight bet, many consider these sucker bets. The sportsbooks make a lot of money on bettors’ losing parlay bets. Any bet that results in a push does not end the parlay; it is treated as if the game never happened. So a 4-team parlay with a push becomes a 3-team parlay and assumes 3-team odds.
NFL betting: How do odds work?
Odds are usually given in two styles. One is as a positive or negative number. The other is a ratio.
The positive and negative numbers were explained above, but what about ratios?
One might see 8/1 odds. This is the same as +800. A winning bet profits eight times the original bet. Odds with a smaller number on top (or first) are the same as a negative number. 2/5 odds mean every $5 wagered will profit $2 if the bet wins. The smaller the ratio is the more likely the expected outcome.
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When you first start to bet on sports, you might feel a little overwhelmed by the amount of options in the sportsbook. There’s nothing to be intimidated about, though, because the reality is that there are just handful of major bet types. In this article, we’re going to run you through them so that you have a clear understanding on how they work at SportsBetting.com and beyond.
Different Bet Types
Moneyline
The moneyline is a type of wager that focuses on the outright outcome of the game. In other words, if the team you bet on wins, you win your bet. The trick here is that you have to understand the odds that are associated with these wagers. Let’s look at an example from SportsBetting.com:
Colorado Rockies +125
Los Angeles Dodgers -150
What you want to key in on here is the plus or minus sign. The plus sign tells you how much you’d win if you bet $100. In this case, a $100 bet on the “underdog” Rockies would pay out $125 if they won. On the other hand, the minus sign indicates how much you’d have to bet to win $100. In this case, a $150 bet on the “favorite” Dodgers would win you $100 if they won.
Of course, you’re not tied to wagering these exact amounts. You can risk whatever amount you’re comfortable with. This just gives you an indication of what the payouts would be on each side.
Point Spread Betting
The point spread is a one of the most common types of bets in football and basketball. This is essentially a margin of victory. Let’s take a look at an example.
Denver Nuggets +4.5
Los Angeles Lakers -4.5
The key here is to take note of the plus or minus sign. The plus sign indicates the “underdog” while the minus sign is assigned the “favorite.”
The minus sign indicates the amount of points that team needs to win by. In this case, the Lakers have to win by 5 points or more to win or “cover the spread.”
Sports Betting 101 Pdf Downloader
As for the Nuggets, since they have a plus sign in front of their odds, they are getting 4.5 points. That means if they lose by four, three, two or one, or win the game outright, that side wins the bet.
Total Betting
The total, which is also known as an over/under, is a way to bet on the game that focuses on the final score. What you’re looking at here is the combined final score of the two teams participating. Here’s an example:
Denver Nuggets at Los Angeles Lakers
Total: 215.5
What we’re evaluating here is whether the final score of this game will be over – or more than – 215.5 points or under – or less than – 215.5 points. A final score of 125-100 or 114-103 would constitute an over. Final scores of 111-97 or 105-103 would result in the under side winning.
Futures Odds
While moneylines, totals and spreads focus on day-to-day betting (those bets are decided once the game is over), futures are a type of longer-term bet. These types of wagers are decided at a predetermined future time.
Some examples might be betting on which team will win the Super Bowl in the preseason or who’ll win a division or conference. Here is an example of how those odds might look:
AFC West Odds
Kansas City Chiefs -150
Los Angeles Chargers +175
Denver Broncos +1200
Oakland Raiders +1600
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When you bet on one of these teams, your bet is locked in until the season ends the division winner is decided. That means it could be months before your wager is graded. The downside is that it takes a while for you to get your payout, but on the plus side, if you’re right the payout tends to be larger than a traditional bet.
Prop Bets
Props are a type of alternate bet where you focus on the performance of a player, team or outcome outside of the final score of the game. Here are a couple of examples:
Jerry Jeudy Total Receiving Yards: Over/Under 77.5
Sports Betting 101 For Dummies
Will the Broncos Score a Touchdown in the First 7.5 Minutes of the Game? Yes +120/No -140
With Jeudy, you’re betting specifically on whether he’ll record more or less than 77.5 yards. Depending on the matchup and how he’s playing, you might see value there. With the Broncos prop, you’re just evaluating how you think they’ll perform in the first half quarter of the game.
Props are a good way to bet on the games if you don’t have a good read on which team will win outright or cover the spread.
Sports Betting For Dummies Pdf
SportsBetting.com is a licensed sportsbook in the state of Colorado. Customers 21 years and older within Colorado state lines can wager legally through the website or mobile app beginning September 1. The content above is solely for informational purposes and does not guarantee future winnings.