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Learn all the basics to sports betting on this page along with a few advanced methods. Betting on auto racing has exploded in popularity in Vegas in recent years, and its appeal continues to grow.
The structure of betting on auto racing is similar to that of golf. The most basic wager involves picking the winner of a race.
Typically a sports book will list 20 or more individual drivers along with a field all others option, at various odds. Auto racing matchup propositions also are available, in which two drivers are paired against each other in a head-to-head wager, with a betting line on each driver set by the oddsmaker.
The driver with the better finish in the race wins the matchup. Both drivers must start for action.
For example, a matchup may pit Dale Jarrett minus against Bobby Labonte plus To bet on baseball, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.
If your team wins the game, you win. The payout varies according to the odds posted. Baseball odds are shown using a "Money Line.
A "minus" - preceding the number indicates the team is a favorite. On Today's Line we use a different format, the idea is the same.
You will not find the odds for the Underdog. The Underdog's odds are based on what the casino has for its line. Most use a "Dime Line" or something close to that.
Here are two more examples of a dime line and a cent line. See whether you can tell them apart. You can arrive at the underdog's price by looking at the favorite's line.
Dime lines are slowly disappearing as sports books look to make a larger profit during what is traditionally the slowest betting season.
Several books still offer dime lines. Money lines change constantly. The listed money line the time you make your bet may be different from the money line when the game starts.
The listed line on your ticket is your official odds, unless starting pitcher is changed. This is explained later. You may wager that the total score of the game will be more or less than the number listed.
It makes no difference which team wins. Simply add the final scores of each team. If either doesn't happen, the bet is refunded. A favorite must win by 2 runs or more, or the underdog must either: a Win the game.
The payout varies according to the money line odds assigned to each outcome. Note: Same rules apply to run line bets as totals.
Baseball 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.
If a game is postponed for any reason, the parlay reduces by one team. The bet is treated as if the postponed game were never included in the parlay.
Simply ask the betting attendant at your favorite sports book what your payout would be before placing the bet. When making a baseball bet, you are betting team vs.
You have the option to specify that either or both listed pitchers must start the game. Since baseball odds are determined on starting pitchers, any late pitching changes often force an adjustment in the odds.
This will increase or decrease the payout on a winning ticket. However, if you list starting pitchers, and your pitcher doesn't start, then the bet is refunded.
To bet on basketball, 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 basketball, the team you bet on must "cover the spread. The point spread is always placed to the immediate right of the team that is favored.
In this example, if you bet the Bulls, the Bulls must win by 4 points for you to win your bet. If you bet the Lakers, any of the following will declare you a winner.
If the Bulls win by exactly 3 points then the wager is declared a push and all money is refunded. 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.
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. Cookie Settings. Learn why people trust wikiHow. Explore this Article parts.
Tips and Warnings. Related Articles. Article Summary. Part 1 of Bet on point spreads. Point spreads help to balance out the odds of each team winning.
This is how many points are added or subtracted from a team's final score. The Bears are less likely to win, so 5 points are added to their final score.
If the Packers beat the Bears by 5 points or less, people who bet on the Packers to cover the spread will lose money. The basic premise is that you need your betting team to either cover the spread, or underperform.
In the same example, if you think the Packers will win but won't cover the spread, put money down on them to do so. If the Packers win by less than 5 points, you will win money.
If teams wind up meeting the spread not under or over than you neither win or lose money. In the same example, if the Packers beat the Bears by exactly 5 points, no one wins or loses.
This is because teams don't score half points, so you will either win or lose. Place a bet on the money spread.
This is a very simple method. You are betting on who will win the game outright. If you think the Chicago Cubs will beat the Pittsburgh Pirates, you will bet on them, and vice versa.
The key here is to look at the point spread of the game. If the Chicago Cubs are given a large point spread -5 then they are seen as more likely to win.
If the spreads are pretty even If the point spread seems way too high You will be much more likely to win covering a tight money spread.
If there is inclement weather, that also is a heavy factor in money spreads. Snow, rain, sleet, fog, etc.
The worse the weather, the more random the outcome, and therefore the more money you should put down on the money spread.
Put your money down on the totals. This is where the betting organization will give you a number 9 , 4 , 10 , , etc. The number they give you represents the total number of points scored by both teams combined.
You have to place a bet as to whether or not the teams combined will score below or above that number.
You have to bet whether the Lakers and Thunder will score combined over or under points. Factor in different circumstances.
Take decimal odds into account. Decimal odds are always written as positive numbers, never negative. For example, next to the New England Patriots point spread Then imagine that you bet 0.
Multiply the bitcoins you bet by the decimal figure, and that is how many bitcoins you will win, if you betted correctly.
So for this example, 0. This would most likely be rounded up to 0. You will earn 0. It is important to remember that decimal odds include your initial stake.
So, for this example, you will not get 0. The stake is already included in the 0. Bitcoins are a form of specialized online currency. Use American odds.
Next to every decimal odds number is either a positive or negative number in parentheses. If the number is positive, this is how much much money you will make on a standard bitcoin stake win.
This means that for every bitcoin stake, you will receive bitcoins back. If you put up 0. The great thing about American odds is that you get your initial stake back.
So if you bet 1 bitcoin, and receive 2 bitcoins as your winnings, you will get 3 bitcoins back in total. If the American odds number is negative, this is how many bitcoins you have to produce as your initial stake in order to get bitcoins back.
So if the odds are you will have to produce at least bitcoins as your initial stake in order to get bitcoins back. Bitcoins are a form of online currency.
Part 2 of Begin your search for an online sportsbook. A sportsbook is basically a place where you can go and place bets on sports games.
Online sportsbooks are very convenient, but are overrun with spam websites, advertisements, etc. It is important to find a site which is safe, like Bovada or Bet Generally speaking, if you type into Google "online sportsbooks" the first few options have the most hits, and are reliable.
Advertisements are quick and easy ways for spammers to try and take your money. Stay away from sites which don't allow you to browse their site until you give a credit card number upfront.
It is never safe to give out your personal identification information to a site which you have not scouted out yet. Learn all you can about the betting site.
You want to make sure that the sportsbooks have the sports you want to bet on. Some online sites only specialize in one or two sports.
Check out the terms and conditions of the site. Don't skim over them as they contain valuable information, including what they are liable for, and whether they can be sued.
It is important that you know the exact amount, and whether you are ever eligible to get that money back. You will need to know how much money you can receive every day, and how much you can place as a stake.
Use the sites resource section to find frequently asked questions, and how to contact them. You will want to put their number in your phone in case of emergencies if you join their site.
Decide on a reputable Las Vegas sportsbook. If you do not like gambling online, Nevada is the only state in the country where sports gambling is legal.
If you are planning a trip to Vegas, you will need to find a casino that has a sportsbook. These can usually be found in phone books Yellow Pages or online with full descriptions.
Remember, Vegas is a very popular destination, so you will not be able to free yourself from everyone. However, there are some more expensive sportsbooks which offer more private rooms with people in them.
Look on their websites to find out what kind of furnishing they have couches, chairs, etc. These are rather small things in the big picture, but when you bet you want to be as comfortable as possible.
Another important thing to look for is how many, and how big are there TV's? When you go to a sportsbook you will need a ton of TV's to watch at once, especially if you are betting on multiple games in multiple different sports.
Choose a local bookie. Local bookies are numerous throughout the United States, and can almost always be found at sports bars.
You can do any of the traditional bets you can do at sportsbooks. Bookies gather together pools of money from multiple gamblers and then disperse the money once the games are over.
They could be an undercover policeman. Go to the bar a few times and watch the 'bookie' work. Ask your friends and family about their experiences working with him.
Make sure your bookie pays you on time. Sometimes bookies can be passive when it comes to their clients.
Tell your bookie up front that you want your money on time, every week. Make it a point of order to always meet him at the same location and time after every game.
Only bet very small amounts at first with him in order to build trust. Once you know he will deliver every week, you can up the amount that you bet.
Learn about the sport you want to bet on. There are such things such as proposition bets, which are basically random bets on coin tosses, the weather in a game, etc.
However, if you plan on doing some serious gambling on games, you will need to know your stuff. Remember, especially online, there are tons of gamblers who do years of research.
You do not want to bet on every sport you love. Really dive into the stats on the sports organization's website or on sportsbook site.
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If you pick the favored team and they win by more than 7, you win. If they win by exactly 7, you tie. If they win by less than 7, you lose.
Not Helpful 7 Helpful Matt S. Pick one sport to focus on. Then do some research and decide which bets are more likely to win.
Not Helpful 3 Helpful Do your own research on why the odds or lines are being offered the way they are. Explore other bookmakers for comparison.
Then place your bets with a bookmaker that has an established history of being honest. Not Helpful 2 Helpful 7. I'm constantly betting 3 team parlays with low money because that's the best risk reward but winning with very little success.
Should I stay away from parlays? Yes, stay away from parlays. You are betting in order to win an amount as opposed to winning in general.
Greedy bettors is how professionals and bookmakers profit. Not Helpful 4 Helpful 7. Not Helpful 1 Helpful Unanswered Questions.
How can I get 5 odds for sports betting that are 99 percent accurate? Include your email address to get a message when this question is answered.
Submit a Tip All tip submissions are carefully reviewed before being published. Related wikiHows. More References 1. About This Article.
Co-authored by:. Co-authors: Updated: October 8, Categories: Sports Betting. Article Summary X Winning at sports betting takes time and dedication, but there are some strategies that you can use to increase your chances of winning.
In other languages Italiano: Vincere alle Scommesse Sportive. Deutsch: Bei Sportwetten gewinnen.
Nederlands: Sportweddenschappen winnen. Thanks to all authors for creating a page that has been read , times. Reader Success Stories Max Jul 16, As for the tribal sportsbooks in Washington, they are expected to range anywhere from full-fledged sportsbooks and lounges at some casinos to simple betting kiosks at others.
Assuming everything goes smoothly in Washington, residents could be betting on sports sometime this year. A realistic goal at this time would be by the start of the upcoming NFL season.
Assuming there will be no delays from the Coronavirus issue, the NFL season will be starting September 10th.
While it is possible, it is unlikely that Washington residents will be legally betting on sports in their home state anytime sooner than that.
There are currently 29 federally-recognized tribal casinos in the state of Washington. Like we have seen in other states, such as California , the tribes in Washington believed they had the exclusive rights to offer sports betting.
Other gambling facilities in the state of Washington did not believe that was the case. Another belief that we have seen in other states with the same issue.
A major part of the reason that Washington tribes are the only ones that are able to offer legal sports betting is due to their heavy lobbying for this particular bill.
In the past, Washington tribes have been very outspoken against gambling expansions in the state. Of course, non-tribal gaming establishments in Washington are not happy with this exact sports betting bill passing.
Racetracks, mini-casinos and card rooms were all hoping that sports betting would have been open to all legal gambling establishments in the state.
They do not believe that tribes deserve to have a monopoly on sports betting in the state. One particular opponent of the bill, who believes the same, has already threatened legal action.
Persson also believed that the only reason the emergency clause was added to the bill was that lawmakers knew that Washington residents would never approve the bill as it was proposed.
He has even contacted Governor Inslee directly asking for him to veto the final version of the bill. He also believes that this tax-free monopoly to tribal casinos will endanger the jobs of nearly 2, employees at Maverick Gaming.
So while Washington did pass a bill to make sports betting legal, there are still some hurdles in the way.
Persson and other non-tribal gaming establishments in Washington will continue to try and get sports betting expanded in the state, which could lead to even more issues down the road.
Governor Inslee signed HB into law back on March 25th, Under the bill, sports betting is legal at tribal casinos located in the state of Washington.