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Betting On Sports Games

Betting On Sports Games

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Betting On Sports Games

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Betting On Sports Games 469

This is called the spread. We have two options here. We can either BUY the spread at , or sell it at Buying is the equivalent of backing the over, and selling is the equivalent of backing the under.

Our wins, or losses, are then determined by how far away the final total is from the spread. This seems great right? We have the chance to win our stake back many times over, which is one of the biggest advantages that spread betting has to offer.

Proceed with caution when spread betting, because racking up big losses from a single wager is way too easy. For more information, please read our detailed guide to spread betting.

However, it does often get referred to as a type of betting. We decided to cover it here because it involves putting our sports knowledge to the test AND because it forces us to risk money in exchange for the chance of winning money.

OK, so what is fantasy sports all about then? Well, it involves drafting a fantasy team of real players, based on certain specified criteria, and then entering that team in a contest or league against teams drafted by others.

Groups of friends or colleagues would often have season long leagues where there was nothing at stake but pride.

Many people still do this in fact, as there are still a number of websites that run free to enter fantasy leagues. Fantasy sports have revolutionized the way they do things in recent years.

Online daily fantasy sports DFS has become incredibly popular. They work is pretty much the same way as traditional fantasy sports, but their contests are a lot shorter.

The gambling aspect comes in when you pay to enter a contest, for the chance of winning a percentage of the prize pool.

Several daily fantasy sports sites have opened up over the last few years, and some of the contests have hundreds of thousands of entrants.

There are many different types of contest, and most sites cover several sports. The sports listed below are by far the most common though.

We explain in detail how to play, provide information on all the different types of contest, and offer some very useful tips and advice for a better chance of winning.

A couple of the guys on our team are very good at playing DFS, and they regularly make posts recommending some players to look out for.

Pari-mutuel betting has been around longer than any other type of sports betting mentioned on this page, with the exception of fixed odds betting.

It was invented in the late 19th century, by a man named Joseph Oller. Frustrated with the profit margins the bookmakers were making, he was eager to find a better way for people to place their wagers.

His solution was pari-mutuel wagering, which removes the need for a bookmaker. The basic principle behind his solution was a very simple one.

There are some more complex aspects to it, such as the calculations involved, but overall pari-mutuel wagering is relatively straightforward.

Because of the way this is set up, there are no odds involved. Payouts are calculated based on how much each person has wagered. In our guide to pari-mutuel wagering we explain how everything works in detail, and describe the different wagers that are available.

E-sports betting is the newest type of sports betting discussed on this page. There have been organized video gaming competitions for many years.

Even as far back as the s, when video games were just starting to become popular. A lot has changed since then of course, including the introduction of the internet.

Many gamers started playing online games, against other gamers from all over the world. If you bet the Jets, any of the following will declare you a winner.

The listed point spread at the time you make your bet may be different from the point spread when the game starts.

In some cases, bettors have the option to discard the point spread and bet on which team will win. This is called betting on the "Money Line". Sports books offer a number of different cards, each one having different rules.

Rules for parlay cards are placed on the back of each card. Read them carefully before wagering. The cards are simple to fill out.

Simply darken the boxes, or circles, that apply to the teams you wish to parlay. Then darken the amount you want to bet.

Sports books offer bettors the opportunity to wager on the outcome of a season -- for example, which team will win the Super Bowl or the Stanley Cup or the American League East pennant.

This is known as "futures book" or "future book" betting. As an illustration, let's look at Super Bowl futures. 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 sports books 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 sports books 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. However, Las Vegas closely monitors potential fixing activity. A small pattern of significant wagers on insignificant games is going to sound alarm bells.

The New York Times this week ran an opinion piece on the importance of market surveillance for sports betting. The gist is:.

Regulators and sporting bodies would be wise to learn the lessons of the financial industry and adopt a range of policies and surveillance tools while the market in the United States for sports betting is still nascent.

After years of sports betting being in the Dark Ages in the U. Yes, betting on college sports does currently exist in Las Vegas. However, as more states legalize and allow sports betting within their borders, the most prudent route would be to at a minimum delay college athletic wagering.

Get the systems and controls in place at the pro level. Ensure proper market surveillance and integrity protocols are in place. If so, then and only then roll out sports betting on college football and basketball.

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