Tuesday, September 26th, 2017

Sports Betting Tips

Published on August 13, 2012 by   ·   No Comments

Introduction – This post will help clarify some of the common methods of placing bets on sporting events.

How to wager on a parlay?

sports-betting-tips

Making a bet at a sportsbook is an easy process and ticket writers are more than willing to assist you. Before you place your wagers, you are probably going to want to get some betting tips that will help you make an educated decision.

For the convenience of both the house and player, the best way to make a wager is to use the numbers assigned to each team by the official Nevada Sports Schedule. For the purposes of this discussion and for a point of reference, let’s assume you wish to place a bet on the following games, appearing on the tote board as followed;

3 Washington
4 Dallas -3

5 New Orleans -2
6 Carolina

7 St. Louis
8 San Francisco -8

Here’s How you place this bet:

The team’s assigned number is the number to the left of each team. In our above example, Washington is #3 and Dallas is #4, etc.

The games will be referred to as game “3/4” with Washington being team #3 and Dallas being team #4, “5/6” with Carolina being number #5 and New Orleans being #6 and “7/8” with San Fran being #7 and St. Louis being #8.

The number to the right of the team is the odds/pointspread for that team, with the number always being listed beside the favorite. In our above example, Dallas is a -3 point favorite over Washington, New Orleans is a -2 point favorite over Carolina and San Fran is an -8 point favorite over St. Louis.

The home team is always listed on the bottom unless a neutral site is noted. In our above example, Dallas, Carolina and San Francisco are the home teams.

If a player decides that he likes all the home teams to win against the numbers, he would go to the window and declare “I would like $10 to win $60 on team #4, #6 & #8, Cowboys, Saints and Rams on a 3 team parlay”.

If a player decides that he likes all the favorites to cover the numbers, he would go to the window and declare “I would like $10 to win $60 on team #4, #5 & #8, Cowboys, Panthers and Rams on a 3 team parlay”.

If all 3 selections win in a 3 team parlay, a winning player would collect $60.00 for every $10.00 wagered.

If any of the selections fall short, the entire parlay is a loser – even if 9 of 10 win.

If a selected game goes “off the board” or for any reason receives a “no action” status by the book, then the parlay is downgraded from a 3 team to 2 team etc.

Should one of the selected games end up in a “push”, you may have a winner or loser, rules vary here house to house – try to avoid “ties lose” parlays.

Any combination can be made up using 2 teams or more to create a parlay with the idea being that all teams selected must win for the player to cash his ticket.

How to make a straight moneyline wager?

Straight moneyline wagering is available with just about every type of sports event, and even preferred in some. It is very straight forward and simple since the only requirement for victory is that you have the winning team when it’s all said and done.

Making a money line wager at a sportsbook is an easy process and ticket writers are more than willing to assist you. For the convenience of both the house and player, the best way to make a wager is to use the numbers assigned to each team by the official Nevada Sports Schedule.

For the purposes of this discussion and for a point of reference, let’s assume you wish to place a wager on the following hockey game, using the moneyline appearing on the tote board as followed;

200 Edmonton

201 Detroit -240

Difficulty Level: Easy Time Required: 2 minutes

Here’s How:

The team’s assigned number is the number to the left of each team. In our above example, Edmonton is #200 and Detroit is #201.

This game will be referred to as game “200/201” with Edmonton being team #200 and the Detroit being team #201.
The number to the right of the team is the odds/money for that team, with the number always being listed beside the favorite. In our above example, the Red Wings are the favorite, and a player wishing to wager the Wings must risk $2.40 for every $1.00 they wish to win.

In this example, a player betting Edmonton would receive $2.00 back for every $1.00 wagered.
The home team is always listed on the bottom unless a neutral site is noted. In our above example, Detroit is the home team.
If a player decides to bet on Detroit they would go to the window and declare “I would like $24 to win $10 on team #201, Detroit for the win”.

If a player decides to bet on Edmonton they would go to the window and declare “I would like $10 to win $20 on team #200, Edmonton for the win”.

If Detroit wins, all those who bet on the Red Wings would win $10.00 for every $24.00 they bet, thus collecting $34.00 for every $24.00 wagered.

If Edmonton wins, all those who bet on Edmonton would win $20.00 for every $10.00 they bet, thus collecting $30.00 for every $10.00 wagered.

If the game ends in a tie, the game is a “push” and all bets are refunded.

The moneyline is standard for all sports in principle, although the “comeback” will vary from sport to sport and line to line.

For example, a football moneyline may read

Baltimore +300
Denver -400

Note the difference between the favorite and underdog of a full dollar.

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