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The Player is not intended as a substitute for your screen reader. Don't let the numbers at the sportsbooks confuse you. 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 sportsbook 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. 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. By: Sal Iacono , and others. By: Brandon Lang , and others. From the simple to the intricate and the audacious to the absurd, Adam Kucharski reveals the long and tangled history between betting and science and explains why gambling continues to generate insights into luck and decision making today.
Covering exploits and ideas from across the globe, he meets the teams behind hedge funds that capitalize on inaccurate sports betting odds and explains how PhD-level pundits are using methods originally developed for the US nuclear program to predict sports results. By: Adam Kucharski. In two Bell Labs scientists discovered the scientific formula for getting rich.
One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr. Together they applied the science of information theory - the basis of computers and the Internet - to the problem of making as much money as possible as fast as possible. By: William Poundstone. Do you know how to make good decisions in stressful times?
Have you ever felt discouraged from dealing with a difficult situation? Do you want to know how the most successful men and women dominate their fears and overcome every challenge of their lives? In this audiobook, you'll learn the strategies for building mental toughness as well as how these strategies apply to nearly any situation where emotional strength and mental grit are tested. By: Jacob King. Beth Raymer arrived in Las Vegas in , hoping to land a job as a cocktail waitress at one of the big casinos.
One day, one of her regular customers told her about a job she thought Beth would be perfect for and sent her to see Dink, of Dink Inc. Dink was a professional sports gambler looking for a right-hand man. She got the job. By: Beth Raymer. The inside story of the rise, fall, and rise of FanDuel and DraftKings - two companies that began as obscure startups and, seemingly overnight, became billion dollar companies, and just as quickly found themselves the target of the FBI and Department of Justice and the center of a national scandal.
By: Albert Chen. Poker math is a vitally important aspect to no-limit hold'em poker, but it's often overlooked or simply not used because many poker players fear it's too difficult to learn. I'm here to tell you it is not. In fact, fundamental poker math is very easy to learn. After listening to this book, you'll have mastered fundamental no-limit hold'em mathematics.
You'll have gained a huge skill advantage over your opponents and will be able to effectively use math at the poker table to make profitable moves. Most importantly, you'll become a much better and profitable poker player! By: Alton Hardin. Every sporting event is an opportunity to win money. The legalization of sports wagering has increased the pot exponentially. But navigating the new systems can be tricky. If you're a newcomer ready to bet on sports as an occasional pastime, veteran sports writer and Las Vegas insider Rob Miech delivers a vital primer on terminology, options, and procedures.
If you're already taking advantage of the sports betting world as a money-spinning career, he shares the latest approaches and all-new game-changing techniques by tapping the skills, secrets of success, and cautionary counsel of players on both sides of the counter. For Joes and Pros alike, Miech explains the benefits of conveying your wagers succinctly and efficiently, the value of betting numbers not teams, and the canny art of middling and of side-stepping the vig.
He also offers invaluable advice on managing a bankroll, dispensing with impulse, being aware of every option, and exhibiting discipline for minimizing loss, maximizing the winnings, and fattening your wallet. With behind-the-scenes stories and no-holds-barred interviews with the legendary masters of betting, Sports Betting for Winners shows how, with the right information and a sprinkling of luck, you can capitalize on the numbers behind the numbers and take the bettor's game to the next level.
I enjoy the story and some insight. Couldn't stop listening. A history course of sports betting. Highly recommended. Great personalities throughout. Add to Cart failed. Please try again later. Add to Wish List failed. Remove from wishlist failed. Adding to library failed. Please try again. Follow podcast failed. Unfollow podcast failed. Stream or download thousands of included titles. Narrated by: Barry Abrams. No default payment method selected. Add payment method.
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The season was supposed to be a year where the Dolphins were lifeless, hopeless, and tanking for Tua Tagovailoa. The entire league knew Miami was mailing it in, Brian Flores would be given a freebee, and Ryan Fitzpatrick would get some more reps in as his career seemingly draws to a close. But Flores and the Dolphins did not tank and even pulled off a Week 17 upset of the Patriots.
In fact, they showed composure and met their Vegas expected win total 5. One downside was that the Dolphins lost their defensive star Minkah Fitzpatrick , who demanded a trade midseason. For the first time in 20 years, the New England Patriots have a question mark at quarterback. More most of the off-season the story was that Jarrett Stidham would win the starting job and the entire coaching staff was confident in him.
Enter Cam Newton , who spent far longer unsigned than anyone expected. The faith in Belichick remains strong, as most sportsbooks have still awarded 8. As tradition tells, Belichick drafted a bunch of role players and versatile defenders over offensive weapons — the exact action that drove Brady to sign elsewhere in the offseason.
Every season, unexpectedly-good teams fall off. In , it was the Chargers and Rams. In , it was the Jaguars and Panthers. The Bills have a returning quarterback-coach duo, which might be the most important trait in a successful team in They also added star receiver Stefon Diggs , who was acquired in a trade with Minnesota in mid-March.
McDermott has proven to be an outstanding young coach, and because of that, the Bills have an expected win total of 8. If Allen can put his young mistakes behind him and play a bit more under control, the Bills could make a strong playoff push in Not only did Miami not have to tank, but they also landed Tagovailoa without having to trade up in the draft. They also brought in a couple rookie offensive linemen and electric defensive backs in Noah Igbinoghene Auburn and Brandon Jones Texas.
The Dolphins had one of the highest-rated draft classes this season and seem to be building the right culture since parting ways with ex-head coach Adam Gase. Flores has proven to be competent and a budding star coach, Tua will be mentored by Fitzpatrick, and the Dolphins are seemingly headed in the right direction.
Despite that, the lack of a regular preseason could hurt the young team, prompting most sportsbooks to give them a 6. The Jets , who needed to have a stellar offseason, did everything but. They drafted high-risk, high-reward tackle prospect Mekhi Becton Louisville over some more sure-fire tackles and lost captain and All-Pro safety Jamal Adams after a very public breakup.
Their biggest offseason acquisitions included the likes of Robby Anderson acquired in a trade from Carolina , Breshad Perriman average receiving yards per season , and George Fant , who is projected to start. No one catches a worse break than the Jets in scheduling— they face the second hardest schedule in the NFL and an opposing win percentage of 0. With hype trains leaving the stations left, right, and center, the AFC East is rampant with bets.
Book: Short for sportsbook or bookmaker; person or establishment that takes bets from customers. Buying points: Some bookies or sportsbooks will allow customers to alter the set line and then adjust odds. For example, a bettor might decide he wants to have his team as a 3-point underdog instead of the set line of 2. He has then "bought" half a point, and the odds of his bet will be changed.
Chalk: The favorite in the game. People said to be "chalk" bettors typically bet the favorite. Consensus pick: Derived from data accumulated from a variety of sportsbooks in PickCenter. The pick, and its percentage, provides insight as to what side the public is taking in a game. Cover: The betting result on a point-spread wager.
For a favorite to cover, it has to win by more than the spread; an underdog covers by winning outright or losing by less than the spread. Edge: An advantage. Sports bettors might feel they have an edge on a book if they think its lines aren't accurate.
Exotic: Any wager other than a straight bet or parlay; can also be called a "prop" or "proposition wager. Favorite : The expected straight-up winner in a game or event. Depending on the sport, the favorite will lay either odds or points. For example, in a football game, if a team is a 2.
Fixed : A participant in a particular game who alters the result of that game or match to a completely or partially predetermined result. The participant did not play honestly or fairly because of an undue outside influence. Futures bet : A long-term wager that typically relates to a team's season-long success.
Common futures bets include betting a team to win a championship at the outset of a season, or betting whether the team will win or lose more games than a set line at the start of the season. Halftime bet : A bet made after the first half ended and before the second half begins football and basketball primarily. Handle : The amount of money taken by a book on an event or the total amount of money wagered. Hedging : Betting the opposing side of your original bet, to either ensure some profit or minimize potential loss.
This is typically done with futures bets, but can also be done on individual games with halftime bets or in-game wagering. Hook : A half-point. In-game wagering : A service offered by books in which bettors can place multiple bets in real time, as the game is occurring. Juice : The commission the bookie or bookmaker takes. Standard is 10 percent. Layoff: Money bet by a sportsbook with another sportsbook or bookmaker to reduce that book's liability.
Limit : The maximum bet taken by a book. Middle : When a line moves, a bettor can try to "middle" a wager and win both sides with minimal risk. Suppose a bettor bets one team as a 2. She can then bet the opposite team at 3. She would then win both sides of the bet. Money line noun , money-line modifier : A bet in which your team only needs to win. The point spread is replaced by odds. Oddsmaker also linemaker : The person who sets the odds.
Some people use it synonymous with "bookmaker" and often the same person will perform the role at a given book, but it can be separate if the oddsmaker is just setting the lines for the people who will eventually book the bets. Off the board : When a book or bookie has taken a bet down and is no longer accepting action or wagers on the game. This can happen if there is a late injury or some uncertainty regarding who will be participating. Also used in prop bets.
Parlay : A wager in which multiple teams are bet, either against the spread or on the money line. The more teams you bet, the greater the odds. Pick 'em : A game with no favorite or underdog. The point spread is zero, and the winner of the game is also the spread winner. Point spread or just "spread" : The number of points by which the supposed better team is favored over the underdog. Proposition or prop bet : A special or exotic wager that's not normally on the betting board, such as which team will score first or how many yards a player will gain.
Sometimes called a "game within a game. Push : When a result lands on the betting number and all wagers are refunded. For example, a 3-point favorite wins by exactly three points. Square : A casual gambler. Someone who typically isn't using sophisticated reasoning to make a wager.