The start of the new year means there are ample opportunities to visit your favorite online sportsbook and bet on sports in the United States. US sports betting is legal in more places than ever before and new bettors are playing alongside their favorite teams on a daily basis. If you’re new to US sports betting but aren’t sure where to start, it’s necessary to learn a few popular sports betting terms and sports betting jargon before placing your first bet.
At Caesars Sportsbook, there are more ways to play than ever before. In fact, if you are a new registrant who is 21+ and located in an eligible state (AZ, CO, DC, IA, IN, LA, MI, NJ, NY, TN, VA, and WV)*, you can register , deposit, and get your first bet up to $1,250 at Caesars with code GAMEFULLC. If your bet doesn’t hit, don’t worry. Caesars gives you one free bet credit that you can use within 14 days. (Terms and conditions apply. See details here. Offer expires 12/31/2022). All in all, there are many ways to take advantage of your sportsbook deposit offer.
Sports book betting guide, glossary, terms
Before you play, make sure you know the common terms of the bets you will see. To see also : Top 10 sports stories of 2022. There are dozens of ways you can bet on sports, and this handy guide to sports betting can help you understand what some of the most popular sports betting terminology means.
Moneyline: Use this betting style to bet on the biggest football league. If France is listed as a -200 favorite against England, this means you would need to bet $200 on France to return $100 on that side to win. If England is the +200 underdog, you can win $200 on a $100 bet if England wins.
Straight: This popular betting style requires you to pick one athlete to win an entire sporting event. This method of sports betting is often used for betting on golf tournaments, car races and title fights.
Prop bet: The very popular prop bet lets you bet on outcomes other than the final score of a game, and prop player focuses on the performance of an individual player. Common prop bets include how many touchdowns a running back will score or how many three-point shots a basketball player will hit.
Against the spread: Spread bets are your best bet if you want to bet on soccer. If Minnesota is listed as a 7.5-point favorite against New York, that side must win by 8 or more points to cover the spread. New York can cover that range as the 7.5-point underdog by winning outright or losing by 7 or less to cover.
Push: If neither team in a game can cover the spread, the result is a “tie” or push. If Philadelphia closes as a three-point favorite against Washington and then wins the game 27-24, no team will cover the spread and all bets will be returned.
Teaser: This is a special type of bet that allows you to adjust the points spread in football. If your two favorite football teams are seven-point favorites and you are not sure if they will cover their spreads, you can use a six-point teaser to drop each team to a -1 favorite and need only two points to cover. Both risk and reward are lower.
Parlay: This high-risk, high-reward betting method involves two or more sides on a single bet and all sides must win for the bet to be a winner. A $100 bet on a four-team parlay at odds of 11-1 can return $1,100, but that’s only if all four sides win. If three or fewer sides win, the bet is a loser.
Over-Under: Your betting method if you are a basketball fan. If a sportsbook sets the over/under for a game between Golden State and Memphis at 200, you are betting if you think the total of the final scores of the two teams will hit over or under 200.
Futures: You are not limited to betting on games that are happening right now. Future bets let you bet on sports results that will take place months from now. Even if it’s January, you can make a futures bet on which basketball team will win their conference, or which baseball team will win their division next season.
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How do you calculate moneyline parlays?
The implied probability for â â odds is calculated as 100/(â â American odds 100)*100. So for example, the implied probability of 150 moneyline odds is calculated as 100/(150 100)*100. On the same subject : The Brave New World of Real Time Sports Betting. This reduces to 40, so a bet with 150 odds has an implied probability of 40% to win.
How is parlay cash out calculated? How do I calculate a parlay payment?
- Convert American odds to decimal odds using our odds converter.
- Multiply the decimal odds together to get your multiplier.
- Multiply the multiplier by your bet amount.
- Subtract your original stake to get the parlay odds.
How much does a 3 team moneyline parlay pay?
| Number | Odds | Payment |
|---|---|---|
| 2 Team Parlay | 2.6 to 1 | $360 |
| 3 Team Parlay | 6 to 1 | $700 |
| 4 Team Parlay | 11 to 1 | $1,200 |
| 5 Team Parlay | 22 to 1 | $2,300 |
How much does a money line parlay pay?
If you are going to bet parlays, always check the payouts as the odds vary from site to site but generally, they are payout around 2.6/1 for two teamer and 6/1 for 3-teamer using Standard -110 lines.
What is a prop bet example?
Examples of popular prop bets range from picking the first player to score a basket in an NBA game to the length of the national anthem at the upcoming Super Bowl. Another plus: Most online sportsbooks allow you to combine various props to create a parlay, increasing the amount of money you can potentially win.
How do prop bet odds work? How Prop Bets Are Paid. Prop Bets are paid similar to match bets or any other bets. It is associated with the posted odds with the bet. The common line for prop bet odds considered even is -110 per side â you would need to bet $110 to win $100 in profit.
What does +200 on a prop bet mean?
The money line odds which are listed at 200 mean that a team is a clear underdog in the bet. The favorite is usually listed at -110 or less, and the underdog has ( ) in front of their odds. If this is a futures bet, you must consider the entire list to determine where this team or player falls.
What is considered a prop bet?
A prop bet is basically a bet on a game not directly linked to the actual outcome of the contest. There are props that relate to a game as a whole, as well as to the performance of the teams involved. Many of the most popular props revolve around the achievements of individual players.
Why do they call it prop bets?
A prop bet in sports betting – short for proposition bet – is a bet that is not directly linked to the final score or final result.
What’s the biggest parlay ever hit?
74,087-1. NASCAR betting on FanDuel Sportsbook turned $13.49 into almost $1 million with an improbable 4-leg parlay! The Coke Zero Sugar 400 was held on August 28 at Daytona International Speedway.
What’s the biggest bet you’ve ever won? Topline. Texas furniture pivot Jim McIngvaleâbetter known as âMattress Mackââ won $75 million Saturday after his bet that the Houston Astros would win the World Series paid off, taking home what believed to be the largest payment. in the legal history of sports betting.
Has anyone hit a 25 leg parlay?
Kevin LaRose turned a $25 bet into $237,553.11 in winnings. Here’s the inside look at his 25 foot parlay at Caesars Sportsbook.
Has anyone ever hit a 16 game parlay?
In the case of one bettor at BetMGM Sportsbook, the game between the Detroit Lions and the Green Bay Packers was the chance to cash in the parlay of a lifetime. A $25 ticket had a chance to become $726,959 thanks to a 16-leg parlay of NFL money. Now, I know what you’re thinking.
Does it matter who wins if you bet on the spread?
For example, with a 4 point spread, the favorite team must win by more than 4 points for the bettors to get paid. Conversely, the underdogs can lose by 1, 2, or 3 points (or win the game outright) and still win the bet. However, if the underdogs lose by more than 4 points, the bet is a loss.
What if you hit the spread exactly? Spreads and odds may adjust after placing your bets. Your bets will be settled based on the numbers at the time of placing the bets. If the final score of a game falls exactly on the margin of the spread â that is, 30-27 for a three-point range â then the bet is a push, and the sportsbook will refund the bets.
What does +7 mean in the spread?
If the spread is set to 7, it means that to cover, the underdog must either win the game outright or lose by less than seven points. For the favorites to cover, they must win by more than seven points.
Who wins a bet when the spread?
(1) Favorite covers the spread: Bettors win by picking the favorite when the favorite wins by a margin GREATER THAN the point spread. Example: The Bucks are favored by 4.5 over the Lakers and the Bucks win 108-102, a margin of 6 points. They covered the spread, and people who bet on the Bucks will win their bets.
Is it smarter to bet spread or moneyline?
While a point spread requires the team you bet on to win by a specified margin, a moneyline does not. However, point spread bets typically have somewhat close to even money odds, meaning you win about as much as you bet if you win. Moneyline bets have a wide range of odds.
