When will sports betting be legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened March Is sports betting legal in Michigan? Michigan passed legislation to allow sports betting in December and the first physical sportsbooks opened in March Is sports betting legal in Virginia? Sports betting is legal in Virginia and residents began betting via FanDuel in January When will sports betting be legal in Virginia?
When will sports betting be legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Is sports betting legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election. Is sports betting legal in North Carolina? Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early When will sports betting be legal in North Carolina?
When will sports betting be legal in Tennessee? Tennessee sports betting was legalized in and launched in Is sports betting legal in Tennessee? Is sports betting legal in Maryland? Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November election.
When will sports betting be legal in Maryland? Is sports betting legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years. When will sports betting be legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years. When will sports betting be legal in Iowa? Iowa legalized sports betting in May , becoming the 11th state to do so.
Is sports betting legal in Iowa? Iowa legalized sports betting in , becoming the 11th state to pass a bill. When will sports betting be legal in Illinois? Illinois passed sports betting legislature June and launched at physical sportsbooks March , becoming the 15th state to offer wagering. Is sports betting legal in Illinois? In the world of sports betting, a money line bet is simply betting on which team you expect to win. When you see a minus - sign in front of a price, it shows you that team is the favorite to win the game.
The higher the number the more likely the team is expected to lose in the eyes of the oddsmakers. Tennessee Titans' betting trends The Titans head into Week 9 of the NFL season at on the money line and tied for first place in the Looking to get some betting action on the World Series? We'll be providing game-by-game picks throughout baseball's championship series, and here we'll go over all the key terms you need to know to place a legal, online MLB bet.
Also see: Los Angeles Dodgers vs. Indianapolis Colts' betting results The Colts went straight up last season, winning just seven games outright on the moneyline. They were against the Please enter an email address. Something went wrong. Money lines are represented in negative and positive values. Negative money line: , , or anything similar When you see a minus - sign in front of a price, it shows you that team is the favorite to win the game.
Related What does chalk mean in sports betting?
Point spreads change constantly. The listed point spread the time you make your bet may be different from the point spread when the game starts. The point spread that is listed on your ticket is your official spread. It makes no difference which team covers the spread. Simply add the final score of each team. You may combine several teams into one wager. Odds and the number of teams vary from casino to casino. The following are approximate odds:.
Any game that results in a push reduces the parlay one team. A two-team parlay would become a straight bet. This increases the probability of winning your bet but decreases the odds of the parlay. Odds and the number of points available to "tease" vary from casino to casino. To bet on boxing, tell the ticket writer the bet number of the boxer you wish to bet and the amount you wish to wager.
Boxing odds are shown using a "Money Line. A "minus" - preceding the number indicates a favorite. Tyson is favored to win the bout. Boxing matches often feature money line proposition wagers on knockouts, draws, rounds and the duration of the fight. Odds vary on each fight.
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. The point spread: When betting on football, the team you bet on must "cover the spread.
If you bet the Dolphins, the Dolphins must win by 7 points for you to win your bet. 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. Sportsbooks 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 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. Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date.
Negative money line: , , or anything similar When you see a minus - sign in front of a price, it shows you that team is the favorite to win the game. Related What does chalk mean in sports betting? Alabama vs. Ohio State: How to bet on the National Championship game. July 8, From The Web Ads by Zergnet. Share this article shares share. Most Popular. More Betting - Education and tips for beginner sports bettors. Email Sign up No, thanks. Never miss a great story Start every day with our most popular content waiting in your inbox.
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When will sports betting be legal in Virginia? When will sports betting be legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a ballot initiative in the November election, which means it's on its way. Is sports betting legal in South Dakota? Sports betting is not legal in South Dakota, but residents passed a bill initiative in the election. Is sports betting legal in North Carolina? Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of early When will sports betting be legal in North Carolina?
When will sports betting be legal in Tennessee? Tennessee sports betting was legalized in and launched in Is sports betting legal in Tennessee? Is sports betting legal in Maryland? Sports betting is not legal in Maryland, but residents voted Yes to legalize sports gambling in the November election. When will sports betting be legal in Maryland? Is sports betting legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years.
When will sports betting be legal in Louisiana? Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years. When will sports betting be legal in Iowa? Iowa legalized sports betting in May , becoming the 11th state to do so. Is sports betting legal in Iowa? Iowa legalized sports betting in , becoming the 11th state to pass a bill. When will sports betting be legal in Illinois?
Illinois passed sports betting legislature June and launched at physical sportsbooks March , becoming the 15th state to offer wagering. Is sports betting legal in Illinois? Illinois passed sports betting legislature in and launched at physical sportsbooks in March When will sports betting be legal in Colorado?
Colorado legalized in-person and mobile sports betting November after a bill was signed by the governor and then approved by voters. Is sports betting legal in Colorado? Colorado legalized in-person and mobile sports betting in November What are some current trends in sports betting? The 3-digit numbers to the far right are the listed prices for these bets. This is also called the odds, vig, or juice. We will cover those in more depth when we talk about money lines.
The price of the bet has no impact on which team is favored. Only the plus or minus on the point spread matters. This is handled differently when you bet strictly on the moneyline. A moneyline bet is on a team to win the game outright without a point spread at an adjusted cost. Just like with point spread betting, the favorite will have negative odds, while the underdog will have positive odds. The difference here is in the price or payout depending on which team you take.
A favorite e. Patriots on the money line works just like our bet price example above. This added risk is why betting the spread is usually more popular, especially on favorites. Underdogs e. This type of bet is on the sum of the points scored by both teams in a game. The bookie sets the number for the total, then you predict whether they will score more or less points than the set number. If you project the Jets and Patriots to combine to score more than If you think they will score less than Which bet would lose and which bet would win?
You may also note the bet price is not like we have seen before. It is common practice by sportsbooks to adjust prices on or around key numbers for spreads and totals , especially in football. Our experts are here to help you on this journey, so do not hesitate to contact us with any questions you have about sports betting!
We have only scratched the surface on reading betting lines, but this is an excellent place to start. One sport that has a few extra quirks is golf. I wrote up a guide to golf betting that explains these unique features so you can feel comfortable wagering on PGA events too.
A wager on Dallas, as a The Cowboys need to win by at least points to cash a winning ticket. Layoff: Used by bookmakers and players to reduce risk on a certain market. Parlay bettors may have an option to place a layoff wager on both sides of the last open bet on a ticket to set up a guaranteed profit.
Limit: Bookmakers set various high and low wagering limits that vary by sport and betting options. As part of a proper bankroll management system, players should set and follow personal betting limits. Line: Betting odds posted by a bookmaker. Linemaker: Same as a bookmaker, a person or group that sets daily betting lines and prices. Listed pitchers: Appear with daily baseball betting odds. Live betting : Also known as in-play wagering, live betting is offered once a sporting event begins.
Spreads, moneylines and totals are adjusted and re-posted as a match plays out. Prop options, like next goalscorer and correct final score, are also available. Lock: Term often used by tipsters to tempt bettors into buying handicapping advice. Death and taxes are the only true locks in life. Longshot: A perceived inferior side that is also known as an underdog. Longshot prices are always displayed as positive prices. Masters Tournament: First of four major Grand Slam golf tournaments.
Middle : Cashing tickets on both sides of a betting option. Bettors have an opportunity to middle when a point spread moves up or down prior to a match. The MLB draft is five rounds and most of the players selected will be assigned to minor league teams.
Moneyline : A straight up bet, without any point spread, where bettors need to predict the outright winner. Multiple bets: Same as parlay, multiple bets are a single wager that consists of at least two sides on a single ticket. All sides must win or push to cash winning multiple bets. MVP: Player honored as most valuable to their team during the regular season or playoffs. Wagering on who will be named the Most Valuable Player is a popular futures betting option in professional sports.
Nap: Similar to a lock, a nap is a handicappers suggested best bet on a daily betting card. No action: Betting options cancelled by a bookmaker are graded as no action. Original stakes are returned to bettors. Novelty bets: Prop and special betting options that are wagers beyond standard moneyline, point spread and game total odds. Team and player propositions are the most common novelty bets.
Odds: Betting lines set by a bookmaker on a variety of events. Oddsmaker: Same as a linemaker, a person or group that sets daily betting lines and prices. Odds on favorite: One side that is viewed as far superior to the other and is priced with odds that offer very little value. Odds shopping: Reviewing the lines at a variety of sportsbooks in order to find the best priced odds. An injury to a star player may cause bookmakers to pull odds off the board.
Outright betting: Predicting the overall winner of a tournament or playoff competition. Over bet: Opposite of an Under bet on game total options. Bettors need to determine if the combined scores of both teams will go over or remain under the number.
Also known as game total odds. Parlay : A single bet, also known as an accumulator or multiple, that consists of two or more sides. Each side must win to produce a winning ticket. Parlay banker: Forming the base of a parlay wager, a banker is a favorite side to which other sides are added.
Payout: The amount a bettor collects on a winning wager. When a wager is placed, the possible payout on a betting receipt usually includes the original stake. Held in late May at various courses across the United States. Point spread : Odds posted on a match that are designed to level the playing field. Favorites are listed with a negative Post time: Scheduled start time of a race. Power rankings: A ranking system that uses a variety of criteria to grade teams, in a specific league, from the best to worst.
Preakness Stakes: Second jewel in the Triple Crown of thoroughbred racing. Proposition bet: Often shortened to prop bet, proposition bets are exotic or special wagers that are offered on most sporting events. NFL Super Bowl prop betting options number in the hundreds. Proxy : A proxy is an individual, or a group of individuals, who place bets for other people. The term is most commonly associated with people who submit picks for non-Las Vegas residents that are involved in season-long sports pools like the Westgate Las Vegas SuperContest.
Puck line: Point spread pricing in hockey. Prior to a match, the favorite is normally posted at Push: Any wager where the final result is a tie. If a basketball spread is 11 points and the final score is spread bets on both teams are graded as a push and original stakes are returned. Quarter Bet : Any wager placed prior to or during any quarter of a sporting event. Prior to an NBA game, Boston may be a LIVE betting odds will change often as the first 12 minutes of the match play out.
Recreational Bettor: A player that bets infrequently or on major sporting events only. Rec player bets are counted as public money. Opposite of a sharp or professional bettor. Rotation Number: A number assigned by bookmakers to every betting option on the board. Bettors use the rotation number when placing a bet, rather than team names, at betting windows at land based sportsbooks. ROY: Honors the top first year player in most professional sports leagues. Wagering on which player will be named the Rookie of the Year ROY is a popular futures betting option.
Run Line: Point spread pricing in baseball. Prior to a game the favorite is normally posted at Second half bet: Any wager that focuses on the outcome of the second half of any competition. Bettors can place wagers before the second half begins or make live bets once the match resumes. Selke Trophy: Awarded to a forward not a defenseman or goaltender with the best defensive skills during the NHL regular season.
Sell points: Bettors can sell points by using alternate point spreads and game totals. In football, if a player moves a line from Juice becomes more favorable for the bettor with each point sold. Sharp: A professional sports gambler who uses vast resources to determine their wagers. Sharps look at the big picture and base their bets on knowledge.
Pro bettors always shop around for the best prices and will bet on favorites or underdogs when they receive proper value. Special: Similar to prop and exotic wagers, special bets are added to a competition beyond the more common moneyline, game total and spread betting options.
The Rams need to defeat the Giants by at least eight points to cash a winning ticket. Bettors lay the spread with favorites and take the spread with underdogs. Sportsbook : A free standing shop, or in dedicated space at land based casinos, sportsbooks have become popular meeting spots for bettors and sports fans alike. Sportsbooks accept bets on US events, plus action from around the globe, and provide giant screens for bettors to watch the action play out.
Square: Another term for a novice or recreational player and the opposite of a sharp or professional bettor. Stake: The amount of money a bettor risks when placing a bet. Original stakes are returned on all winning wagers and many bets that are graded as a push. Staking method: Differs from bettor to bettor. Some players set maximum stake limits on each bet they place while others use a bankroll percentage as their stake.
Steam : Odds that change quickly usually due to a large amount of betting action by sharp bettors or syndicates. Straight bet: A single wager on moneyline, spread or game total betting options. Syndicate: A group of bettors that pool funds and use their combined knowledge to bet on events.
Syndicates will often wager large amounts to move a line and then place an even larger bet on the new price they helped create. Taking points: A bet placed on an underdog side. Tickets cash is the Nationals win outright or lose by one run. Teaser odds : Any line moved up or down by a bookmaker to entice tease bettors. Players can tease odds on a single game by using alternate lines. They can also place a parlay bet from a teaser card issued by a sportsbook. Teaser Card: A daily list of all games, from one specific sport, where the odds are higher or lower than the prices posted on the main betting board.
Teaser card bets require selecting two or more sides. Tip: Betting advice offered by tipsters and handicappers that suggest the most likely outcome of an event. Tips should never be bet on blindly but can be helpful when used with a proper pregame research plan. Tipster: A person or group that offers betting advice. Some tipsters offer free sports wagering advice while others charge a fee for their tips.
Held annually in late July at a golf course in the United Kingdom. Also commonly known as The Open or the British Open. Three-way odds : Wagering options that have three sides and include ties as a betting option. Two-way odds: Wagering options that have two sides and do not include ties as a betting option.
Under: Opposite of Over on game total betting. If the total on a Lakers vs. Clippers match is set at , players who place under bets need the combined final score to be points or less. Underdog: Perceived to be the inferior side, underdogs are posted with a positive number. Open Golf : Third of four major Grand Slam golf tournaments that is played in the late June at various golf courses in the United States.
Vigorish: Another term for juice. Wise Guy: Handicappers, sharps and professional bettors with vast knowledge of the sports they bet on. Warriors All-Star Klay Thompson provided a health update on Saturday night and also starred as a game analyst. In acquiring Matthew Stafford, Rams general manager Les Snead continued his quest to acquire as many stars as possible with little regard for depth or the future. Smart suffered the injury during the second half and was helped off the court and taken to the locker room.
Stafford threw for 4, yards and 26 touchdowns with 10 interceptions in Goff threw for 3, yards and 20 touchdowns last season with 13 interceptions. With Virginia Tech and Georgia Tech pulling off crucial upsets over the top two teams in the league, the ACC race is now up in the air. Reed found himself in a rules controversy involving an embedded ball on the 10th hole.
He finished the round in a tie for the hole lead with Carlos Ortiz. Home Gambling. A Accumulator: A parlay bet in North America, accumulator wagers consist of two or more selections and each side must win or push to create a winning ticket. Book: Short for a bookmaker or sportsbook that posts odds and accepts bets.
Bookie: Short for a bookmaker. Chalk bettor: A player that bets on favorites with the majority of their wagers Circled game: Matches that have set betting maximums, which are capped at low amounts. E Each-way: Common in horse racing, each-way betting takes a single amount and splits it on a horse to finish first or second.
F Favorite: Any side priced with a negative number. H Half ball handicap: Soccer betting odds where 0. 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.
Using the Louis-Leonard fight as an example, the bookmaker knows more money is going to be wagered on Louis than Leonard because Leonard's chances of winning are much greater. Moneyline betting is generally offered on all sporting events, even those that also use the point spread, such as football and basketball. In these instances, you'll have to do some quick math to see which form of oddsmaking promises a greater payout, if any.
Allen Moody. Allen Moody is a journalist with more than 35 years of experience in the sports-gambling arena. Updated September 11,
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