This is how the sportsbooks make a lot of their money. Each game on a parlay must win for the bet to be a winner.Īlthough the potential payouts look tempting - many sports bettors have dreamt of cashing in nearly $10,000 by nailing a $10, 10-teamer at 850/1 - they are a bad bet because they are difficult to hit and do not pay anywhere near true odds. Parlays involve wagering on two or more games on the same bet following the casino's pre-determined payout scale. Parlays - these might be the most popular bets out there, especially among novice and amateur bettors, perhaps because of the lure of betting a small amount for a potentially big payoff. To bet Chicago simply to win, you must wager $250 to win $100, while a $100 bet on Detroit would pay $200 if the Lions come through. In the above example, the money line would probably be Chicago -250 and Detroit +200. The money line will always be listed to the right of the point spread on the odds board in a sports book. If you like favorites, you're going to be betting a lot to win a little. Money line bet - If you are not interested in betting the point spread - although you should be, because it presents the best long-term value - another option available is the money line, in which you lay or take odds relative to the dollar with respect to your team winning or losing. It's also a push if the final score equals 42, otherwise the over or under will win. If the Bears win by exactly six, both sides "push" and all bets are returned. Betting the underdog Lions, you are "taking" six points, and they can lose by five or fewer, or win the game outright, and you have a winning bet. To bet the Bears, you must "lay the points," meaning they must win by seven or more to cover and give you the win. Say the Bears are a six-point favorite over the Lions and the total is 42. The straight bet is simple: it pays 11/10 and you place one by simply picking a team, also known as a "side" or the over/under for points in game, also known as the "total." So you would bet $55 to win $50, $110 to win $100, and so on. You probably should learn and practice this bet often before learning any others, and it should be noted that people who bet for a living or a large portion of their income place straight bets almost exclusively. Straight bet - Amid all the fancy and lucrative-looking bets that are available, never lose sight of the value in a standard straight bet.
If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous.īelow is a mini-tutorial on sports betting, the types of football bets and football betting terms. We know you have heard this before but it definitely bears repeating: don’t bet money you can’t afford to lose, either emotionally or financially.
You should be able to enjoy many positive experiences as long as you bet in moderation and under control. However, like most good things in life there are pitfalls to be aware of. That said, if you're planning to visit a state where gambling is legal, and intend to bet, you should at least be armed with some information.įirst, however, a word of caution: Sports betting can be a fun and profitable venture. Las Vegas is the most popular destination if you want to make a bet on college football, where the number of 'sports books' is many. Betting on sports, and college football specifically, is illegal.Ĭongress banned sports betting in 1992 while allowing it in four states - Nevada, Delaware, Montana and Oregon - that had already been offering it.
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