betting basics

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What is it? Why is it so valuable? Should I buy some? How do I buy some? Yes, this is actually happening! And why not? Imagine a gigantic piece of paper that lists every transaction ever completed.

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Betting basics

To see if sports betting is legal where you live, check out our state-by-state tracker. Some of the biggest states that have legalized mobile wagering include Colorado , New Jersey , Pennsylvania , Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online. Click to return to table of contents. In the end, you have the final say on how much to risk on a game, but a good rule is risk only what you can afford to lose.

Sports betting is a marathon, not a sprint. There will be good days and bad days. As a result, we recommend a flat-betting approach. They are unique to the team, sport and league, and universal across most sportsbooks.

Much like stocks on Wall Street, the sports betting market is fluid. Lines can vary based on the sportsbook, because different books have different clienteles. As a result, one book may post the Cavs -8 while another has Having access to more than one sportsbook allows you to shop for the best line. Getting an extra half-point might not seem like a huge deal, but it adds up over the long haul and increases your chances of winning.

Our live odds pages will automatically surface the best line for every game. These are all a good thing to know, and it can allow you to maximize your winnings. Check it out for free here. Sports Betting. Best Books. Action Network Staff. Download App. Read now. Action's Preferred Sportsbook. Bet Now. BetSync book. For example, the Ravens may be , the Redskins , the Cardinals , etc.

It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl. When you make a futures bet, your odds are "locked in. Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup.

In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day. Some sportsbooks offer futures betting on unusual propositions, such as which major league baseball player will hit the most home runs in the regular season.

Note that in this type of wager, all bets are action regardless of injuries or other unforeseen events. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner.

If they win exactly 93, the bet is a push and tickets are refunded. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds.

Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup.

For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others. To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others. If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash.

Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet. If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded. To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

If your team covers the goal spread, you win. The payout is based on a "Money Line". When betting on hockey, the team you bet on must "cover the spread. The Red Wings must win the game by at least two goals to be a winner. If you bet on the Sharks, you win your bet if: a The Sharks win the game. Note: The money line is used in conjunction with the point spread. All teams must win to win the bet. Hockey parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game and so forth.

Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called. Because there are so many tracks to choose from, in Las Vegas race books it is usually necessary to identify which track you want when you place your bet. For example, tell the ticket writer, "Churchill Downs, eighth race, five dollars to win on No. Otherwise, betting procedure in the race book is the same as at the track: For you to collect on a "win" bet your horse must win the race, to collect on a "place" bet he must finish first or second, and to collect on a "show" bet he must finish first, second or third.

Betting a horse "across the board" is really three separate bets: one to win, one to place and one to show. Hitting an "exacta" entails picking the first two finishers in a race in the correct order; a "quinella" is the first two finishers in either order. A "trifecta" is the first three finishers in exact order; a "trifecta box" is the first three in any order. A "superfecta" is the first four finishers in exacta order.

A "daily double" is a wager that calls for picking the winners of two consecutive races. A "daily triple" entails picking the winners of three consecutive races. And a "Pick Six" calls for picking the winners of six consecutive races, an extremely difficult feat that is usually rewarded with an enormous payout. In Las Vegas, race books frequently offer promotions such as free contests with cash prizes, special house-banked betting pools that grow larger if no one hits them for a few days or horse racing tournaments.

Rules and details vary greatly by casino so be sure to shop around to find those that appeal to you. Nevada sportsbooks are not permitted to accept wagers on presidential elections, the Academy Awards or the winner of the TV show "Survivor. They are not real betting lines. Under state law, wagers must involve the outcome of "athletic contests" rather than elections or votes of any kind.

Even so, "wacky" proposition bets can sometimes be found in Las Vegas sportsbooks. They are often linked to the Super Bowl or another major sporting event. For instance, in Super Bowl XXXV gamblers could bet on whether the Ravens would score more touchdowns than the Chicago Blackhawks scored goals on Super Bowl Sunday -- and that was just one of countless "wacky" propositions. As another example, to generate interest in Monday Night NFL games, many sportsbooks offer odds on which player will score the first touchdown in the game.

These "wacky" bets can be lots of fun, but odds and details vary tremendously by casino, so read the fine print before getting involved. The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues. Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date. End date. This guide is provided for informational purposes only.

This is not a betting site. Auto racing Betting on auto racing has exploded in popularity in Vegas in recent years, and its appeal continues to grow. Driver Odds Jeff Gordon Jeff Burton Casey Atwood Auto racing matchup propositions also are available, in which two drivers are paired against each other in a head-to-head wager, with a betting line on each driver set by the oddsmaker. Baseball To bet on baseball, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

Example: Pitcher listed is starting pitcher Bet Num. You have just seen an example of a dime line. Braves Dodgers Braves Dodgers Even You can arrive at the underdog's price by looking at the favorite's line. Total: Total runs scored in a game. Example: Bet Num. Baseball Parlays You may combine several teams into one wager. Listed pitcher s option When making a baseball bet, you are betting team vs. Basketball To bet on basketball, tell the ticket writer the bet number of the team you wish to bet, with the point spread, and the amount you wish to wager.

This is called a straight bet. Example: Bet No. Total: Total points scored in a game. The following are approximate odds: 2 teams 3 teams 4 teams 5 teams 6 teams 7 teams Any game that results in a push reduces the parlay one team. Basketball Teasers: A wager that improves the point spread, but at reduced odds. The following are approximate odds: Number of teams 4 points 4.

A draw on a straight bet will refund your bet. Football To bet on football, tell the ticket writer the bet number of the team you wish to bet, with the point spread and the amount you wish to wager. A straight bet is the most common type of football bet. If the Dolphins win by exactly 6 points, the wager is declared a push and all money is refunded. Bet No. Football Parlays: More than one team on the same bet. Football Teasers: A wager that improves the point spread, but at reduced odds.

Teasers cannot be straight bets. The following are approximate odds: Number of teams 6 points 6. Golf Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. In head-to-head matchup propositions, both golfers must tee off for action.

Hockey To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager. The Goal Spread: When betting on hockey, the team you bet on must "cover the spread. Hockey Parlays You may combine several teams into one wager.

Horse racing Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called. Propositions Nevada sportsbooks are not permitted to accept wagers on presidential elections, the Academy Awards or the winner of the TV show "Survivor.

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Fixed odds betting supertote mu If you want to get into the technical side of things, a karin bettinger place to start is learning what is a unit in sports betting. If you two are betting basics a fair coin, she is going to end up with a profit and you are going to end up in the red. Aaron Rodgers hits Davante Adams for a yard reception, Adams runs to the Patriots' yard line and then the Patriots lock down and force the Packers to kick a field goal on fourth down. Sportsbook Reviews. Best betting seasons for every MLB team over the past 20 years. The payout is based on a "Money Line".
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MGM Resorts recently unsuccessfully pursued a merger with Entain. Read more: One of FanDuel's early investors breaks down how to capitalize on the booming US sports betting industry amid a 'tremendous decade' of growth. The firm is not lacking focus from either shareholder and has received tremendous support, Greenblatt said.

A research report from Morgan Stanley released on February 1 highlighted the same positive view on the partnership as it explored how potential consolidation could play out in the sector. Greenblatt said the partnership has enabled the firm to work with a small-company mindset, but with big-company capabilities. The whole industry is becoming a big-company game, Greenblatt said, because of the costs of market access, lobbying, technology, compliance, testing, third-party providers, leagues and licence fees in every state.

Read more: Deutsche Bank shares 3 undervalued online gaming stocks poised to skyrocket as the industry builds on a blockbuster He predicts is the year when the narrative changes around competition and whoever is in the leadership position starts to feel less comfortable. Is it very, very difficult, very time consuming? And very complex? Young said the pace of state liberalization has accelerated and early-stage revenues have beaten expectations. Greenblatt expects regulation will continue to take place on a state-by-state basis, and around 30 to 40 states to have adopted sports betting legislation in five to 10 years.

He also sees four to six national operators, with the potential niche players in some regional pockets, or particular states, where there is already brand recognition, or physical assets and presence. Longer term, Greenblatt expects further consolidation, which is in line with recent reports from investment banks, such as Morgan Stanley and Goldman Sachs.

He also thinks there could be the potential for shared liquidity in the sector, which would allow nationwide digital jackpots. However, that prospect is dependent on potential changes to the Wire Act. Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

Loading Something is loading. Many betting websites - including the Betfair Exchange - now use decimal odds as standard - rather than the fractional odds seen on most UK sportsbooks. Bookmakers need to be tightly run and smart operations in order to make money. Here we take a look at just how they do it. Free bets are one of the key elements of online sports betting, with most operators allowing new customers to claim a free bet, whilst some betting companies also credit existing players with free bets.

The banker in any bet is the selection that is most likely to win. It is the most reliable leg of a multiple bet and the one that produces the highest strike rate. The banker tends to be a short-priced selection but that is not always the case. To take advantage of these bookmaker incentives, punters may engage in what is known as Matched Betting. Matched Betting is the process by which customers utilise free bets to make money with little risk. To maximise your betting potential it is important to take the best odds available on the market.

Here we discuss the differences between SP and BSP and how that can help you be more profitable when betting. Accumulators are one of the most popular bets placed on sports - particularly when betting on football. Many bookmakers offer acca insurance or other incentives which we discuss here. Accumulators are very popular with recreational bettors because they provide the potential for big profit from a small stake.

In turn, this popularity creates demand for accumulator tips - here we take a look at Acca's and what to look out for. Football is by far the most popular betting sport in the UK. In fact more than half of all sports bets are placed on the wide variety of football markets, and one of the most bet-upon of those is Both Teams To Score.

The interest in this bet has created a demand for profitable BTTS tips. The Super 6 is a tipping competition that forms part of Soccer Saturday, and creates a huge amount of interest amongst viewers — and in turn huge demand for Super 6 tips.