The most important thing you can teach yourself early on is: "Just because the books assign one side to be the favorite (even large, -200 or -300, favorites), does not mean that they will win." We have all seen favorites get upset, and it is important to avoid the temptation of finding comfort in the fact that the lines makers put one team as a favorite.
There is no such thing as a half point in sports, but there is in sports betting! The half point ensures that a side will win and that the match will not end in a push, where the spread equals the actual difference in points between the two teams. In a push all bettors get their money back, which is no good for the oddsmaker! Half points also give oddsmakers more control over lines, allowing them to set more specific values.
Another form of futures betting involves the over/under on the number of games a particular team will win in the regular season. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. For example, the over/under on the Yankees may be 93 wins. 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.
Donald Hoover, FDU professor in International School of Hospitality and Tourism Management and former casino executive commented on the results, "Betting on sports is not an uncommon practice for many New Jerseyans, but for the most part, the state doesn't supervise it, doesn't tax it and doesn't take any revenue from it." In 2010 a national poll showed that voters opposed sports betting in all states by a margin of 53-39. Woolley commented on the results, "If some states allow sports betting and profit by it, other states will want to follow." Yet by December 2011, after New Jersey passed its sports betting referendum, the national measure shifted to 42-42. In January 2012, New Jersey Governor Chris Christie signed legislation allowing sports betting in the state after it was approved in a nonbinding voter referendum in 2011. He announced on May 24, 2012 that he planned to go ahead and set up a system of wagering at the state's racetracks and casinos that fall, before the National Football League season ended.
Betting on horse racing is all about deciding who is going to finish first, second and third. Things are always more fun when you can bet on them, and the trifecta allows you to do just that. The trifecta, which is also known at some tracks as a triactor, is a bet you win when you pick the horses that finish in the top three spots, and you pick them in the correct order. Read More >>
Baseball. It's America's pastime. A game that prides itself on being perfect in every way imagina-ble. It's almost as much an individual sport as it is a team sport when you consider that in every game and in every inning, a pitcher faces one batter at a time, and whichever player wins that battle brings their team one step closer to victory. Read More >>
The gaming compact is made pursuant to the Indian Gaming Regulatory Act of 1988, which details the manner in which states and tribes must negotiate in order to offer Class III gaming on tribal lands. Section 3 of the Tribal Compact details the authorized Class III gaming activities that the tribes can conduct; however, unlike many states which agree to an enumerated list of Class III gaming activities that can be conducted, New Mexico’s compact states:
When you see a moneyline value associated with the point spread, it is the percentage amount you must pay in order to book the bet. Also known as the juice or vig, if you see -11.5 (-115), it means you have to bet $115 to win $100 — a 15 percent commission for the sportsbook. The underdog may see a value such as +11.5 (+105), which means you’ll have to bet $100 to win $105 if your team successfully covers the spread.
The first number in the listing pertains to the order this game appears on a sportsbook’s board. The next NFL game would be listed as #103 for the road team and #104 for the home team. You can think of these numbers in the same way that each horse in a race has its own betting number. The next big takeaway from this listing is that the top team is always the road team (thus the odd number) and the bottom team is playing at home.
Point Spread: The point spread remains the favorite way to wager on pro football, regardless of how many new forms of wagering come on stream. ItÂ’s called the line or spread and itÂ’s known as betting Â‘sides.Â’ The common misconception is that Las Vegas sets the spread as its best guess at the margin of victory. But really, it's a number they feel that is a perfect balance and will see an equal number of people to bet the underdog as on the favorite. A negative value like -6.5 means that team is favored by 6.5 points. So deduct 6.5 points from their total score. A positive value on the same game would be +6.5 (add 6.5 points to their final score) and would make that team an underdog of 6.5 points. The favorite must win by at least seven points to cover the spread. The underdog can lose by six points and still cover.