This primer is designed for beginners who are curious about common wagering practices and terms. For starters, you will need somewhere to place bets. If you are in Vegas, great! You can bet at one of the sportsbooks in their casinos. As more and more states pass laws to legalize sports betting, you will also be able to place wagers at local casinos in your area.
You could also find a local bookie to bet through, but we recommend betting online. We have an excellent list of the top places to bet online that take U. If you are looking to maximize your first deposit, we also have a great comparison of the best sportsbooks signup bonuses for you.
Betting sports in Vegas is likely going to be the option with the biggest learning curve. You will understand the odds after reading this article, but there are a few other rules and common practices you want to be familiar with that are specific to Vegas.
There are nearly infinite ways to bet sports. If you can think of something to bet on, there is a good chance you can find somewhere to bet on it. One of the first and most important aspects of sports betting every new player must learn is what the different symbols mean. A plus or a minus can mean different things in different situations.
This is explained in more detail below, but the most important thing to be aware of is that negative numbers represent favorites, while positive numbers represent underdogs. The same is true whether you are looking at a spread or a moneyline, but how these numbers are used is very different. Read on for the complete explanation of each of these concepts. The point spread is the projected number of points that separate two teams.
A game with a spread will have a favorite the team expected to win and an underdog the team expected to lose. In the example above, the point spread is 7 points. Patriots are favored by 7 points against the Jets.
If they lose by exactly 7 points, the bet is considered a push and is canceled. If you bet on the Patriots -7, they must win the game outright by more than 7 points. The 3-digit numbers to the far right are the listed prices for these bets. This is the latest accepted revision , reviewed on 31 January This article has multiple issues. Please help improve it or discuss these issues on the talk page. Learn how and when to remove these template messages.
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February 19, Retrieved April 25, Retrieved November 14, International Journal of Mental Health and Addiction. Archived from the original PDF on July 23, Journal of Prediction Markets. Retrieved May 9, Chris Christie: "Let them try to stop us" from sports betting". Associated Press. May 25, A Nation of Bettors? The National Law Review. Retrieved May 27, November The New York Times. Retrieved September 28, The Washington Post. September 26, Legal Sports Report. November 12, Retrieved May 31, Retrieved June 5, Kim Reynolds approves bill to legalize sports betting in Iowa".
Detroit Free Press. Retrieved January 29, Bleacher Report. Retrieved August 9, April 18, Sports Handle. Retrieved May 8, Retrieved July 13, Retrieved July 13, — via Twitter. Asbury Park Press. Retrieved January 23, Pittsburgh Post-Gazette. Retrieved November 21, Retrieved January 22, Retrieved January 15, The Tennessean.
Hello Rookie. Retrieved September 8, Retrieved May 14, June 11, Retrieved June 19, Senate committee passes budget bill". Providence, RI: Providence Journal. Delaware Lottery. NJ Online Gambling. Retrieved July 31, June 14, Archived from the original on June 20, May 31, April 16, Retrieved April 16, The Philadelphia Inquirer.
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In fact, a money line wager is based entirely on which team wins, and the margin or even the frequency of scoring does not matter. To better understand money lines, however, it is important to know what the listed odds actually mean. American odds are prominent in, you guessed it, the United States.
They are not as prominent, or regularly accessible, in other corners of the world but, given our audience and the reality that American odds are what you will see in any local sportsbook, an explainer is needed. The money line referenced Kansas City at The vig, or vigorish, is sometimes referred to as the juice, and it basically refers to the cost of placing a bet, all while explaining how bookmakers keep the lights on.
As noted above, the Chiefs were Facebook Twitter Flipboard uproxx. Point Spreads In simple terms, the point spread is a wager on what the margin of victory will be in a particular game. American Odds American odds are prominent in, you guessed it, the United States. February 9, by: Zac Gelfand. February 9, by: Carolyn Droke. February 8, by: Derrick Rossignol Facebook Twitter. February 5, by: Cherise Johnson Twitter. February 5, by: Aaron Williams Twitter.
February 2, by: Zac Gelfand. When looking at the moneyline for the game, a bettor will see something like this:. In this instance, the Dodgers are the favored team, as signified by the negative numeral. Besides baseball and hockey, moneylines are used for betting on other sports where a point spread becomes irrelevant, such as auto racing, boxing, soccer, and tennis.
While there are margins of victory in some of these, they are so small that it would be impossible to create a point spread for every game. The difference between moneyline odds increases as the likelihood of the favorite winning increases. For example, in a boxing match, it would not be unusual to see odds such as these:. In point-spread betting, the bookie hopes to have an equal amount of money wagered on each team, which guarantees a profit.
In moneyline betting, the bookie assumes most people are going to wager on the favorite and sets the line on the underdog so as to cover any potential losses on the favorite.