sports and betting

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The bookie has indicated that it could close up to outlets, with the number of closures ultimately dependent on how gamblers change their habits. William Hill is making progress in fulfilling its American ambitions. Since legislation banning sports betting was overturned in May, six states have legalised this form of gambling, and William Hill is present in all six. Sign in Register. Join our community of smart investors Subscribe. Investment Ideas. A non-cash impairment on the UK retail business wiped out full-year profits.

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Sports and betting

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. 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. 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. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. The most basic form of golf betting involves picking the winner of a tournament.

Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds. Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker.

The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup. For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others.

To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others. If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash. Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet. If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded.

In other words, brand new revenue streams have opened and existing ones will get buttressed. New statistics and new markets for legal wagering. No state has yet approved Statcast wagering. Likewise, the NHL is exploring the use of advanced stats for licensure and betting. This is the first partnership of its kind outside of Nevada.

Large gaming entities for which sports betting is a very small fraction of overall revenue, such as MGM Resorts International and online-only, DFS-turned-sportsbook operators like DraftKings, are racing for market share. As more and more states flip the switch for legal sports betting, we will see healthy competition and turf wars, which ultimately are good for the consumer.

As exceptions, some states are putting clamps down and implementing market conditions that stifle competition, such as in Washington, D. Speaking of…. What role do state lotteries have in sports betting? Does the lottery commission have the requisite experience to do it well and maximize revenue for state coffers?

Should commercial operators be allowed to enter? What about a model where commercial casinos can operate online and in retail, but the lottery also gets to offer sports betting products of some kind? In almost every state where the lottery exists which is most , the lottery wants to be involved in some capacity or have a cut.

Tribal gaming exists all across the U. Tribes have exclusivity or the exclusive right to offer certain types of gaming in some states, or some limited exclusivity in others. Some states have only tribal gaming and no commercial casinos at present, such as Minnesota and North Carolina.

Overall, while some tribes are progressive and have already embraced and benefited from the sports betting opportunity, many tribes have approached it with skepticism. Sports betting, unlike slot machines, can be pretty volatile and provides much lower profit margin. It takes experience. Sportsbooks take up space. Is it worth it to create or re-appropriate room for a sportsbook?

Will it be akin to another amenity like a spa and bring in a new kind of patron? These are among the questions that tribes are exploring nationally. Often, change takes time. Put simply, states are most interested, in general, in maximizing taxable revenue and shaping the market as such. It should be obvious the primary concern for all stakeholders is indeed preserving the integrity of games — both through betting integrity and sporting integrity.

But after that, decisions boil down to money, which lead to decisions about the appropriate tax rate and which regulatory body perhaps a brand new one is best equipped to oversee legal sports betting. When might the feds make another run? Former Utah Sen.

Orrin Hatch and New York Sen. Both of them filled the void created by the now-defunct federal law. Regulated markets are not homogeneous across the U. Illegal operators have some advantages and will retain some or many customers in the era of legalization, but legal sports betting through state-licensed operators has loads of upside, is generally safe, and is only getting better thanks, in part, to technological advancements and fierce competition for market share.

You can use your ID and other verification measures online to establish an account at any state-licensed sportsbook. This saves a trip, gas money, and allows people to easily establish several accounts for the sake of line or price shopping. It depends on the state. Some states only allow mobile sports bets to be placed on casino premises or another licensed gaming facility like a tavern.

The state is able to enforce this policy through geofencing technology. Basically, the location function on your phone has to be turned on to place a wager, and the app detects where you are located. You must also be located within the state where you are placing the bet. For example, spread bets at most legal books are on both sides for an NFL game. Look through a menu, pick your wager s , print the ticket and watch the game. Where kiosks are offered you can redeem your winnings at the machine or at the sportsbook ticket window.

Read more about kiosks here. Everyone who enjoys legal sports betting should be grateful to the state of New Jersey. Code Chapter Congress passed the law in with backing from the major professional U. The law, which the high court ruled unconstitutional in May , basically said that it was unlawful for a state its state legislature , Nevada excluded, to authorize or license sportsbooks.

Writing the majority opinion in a decision with some agreement by Justice Breyer but some disagreement in part released on May 14, , Justice Samuel Alito stated :. The legalization of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own.

Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution. PASPA is not. The Constitution gives Congress no such power. The judgment of the Third Circuit is reversed.

MOST BITCOINS MINED

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.

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. 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. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. The most basic form of golf betting involves picking the winner of a tournament.

Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds. Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better lower score wins the matchup. If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup.

For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others. To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others. If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash.

Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet. If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded. To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

If your team covers the goal spread, you win. The payout is based on a "Money Line". When betting on hockey, the team you bet on must "cover the spread. The Red Wings must win the game by at least two goals to be a winner. If you bet on the Sharks, you win your bet if: a The Sharks win the game. Note: The money line is used in conjunction with the point spread.

All teams must win to win the bet. Hockey 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. Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called.

Because there are so many tracks to choose from, in Las Vegas race books it is usually necessary to identify which track you want when you place your bet. For example, tell the ticket writer, "Churchill Downs, eighth race, five dollars to win on No. Otherwise, betting procedure in the race book is the same as at the track: For you to collect on a "win" bet your horse must win the race, to collect on a "place" bet he must finish first or second, and to collect on a "show" bet he must finish first, second or third.

Betting a horse "across the board" is really three separate bets: one to win, one to place and one to show. Hitting an "exacta" entails picking the first two finishers in a race in the correct order; a "quinella" is the first two finishers in either order. A "trifecta" is the first three finishers in exact order; a "trifecta box" is the first three in any order. A "superfecta" is the first four finishers in exacta order.

A "daily double" is a wager that calls for picking the winners of two consecutive races. A "daily triple" entails picking the winners of three consecutive races. And a "Pick Six" calls for picking the winners of six consecutive races, an extremely difficult feat that is usually rewarded with an enormous payout. In Las Vegas, race books frequently offer promotions such as free contests with cash prizes, special house-banked betting pools that grow larger if no one hits them for a few days or horse racing tournaments.

Rules and details vary greatly by casino so be sure to shop around to find those that appeal to you. Nevada sportsbooks are not permitted to accept wagers on presidential elections, the Academy Awards or the winner of the TV show "Survivor. They are not real betting lines. Under state law, wagers must involve the outcome of "athletic contests" rather than elections or votes of any kind.

Even so, "wacky" proposition bets can sometimes be found in Las Vegas sportsbooks. They are often linked to the Super Bowl or another major sporting event. For instance, in Super Bowl XXXV gamblers could bet on whether the Ravens would score more touchdowns than the Chicago Blackhawks scored goals on Super Bowl Sunday -- and that was just one of countless "wacky" propositions.

As another example, to generate interest in Monday Night NFL games, many sportsbooks offer odds on which player will score the first touchdown in the game. These "wacky" bets can be lots of fun, but odds and details vary tremendously by casino, so read the fine print before getting involved.

The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues. Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date. End date. This guide is provided for informational purposes only.

This is not a betting site. Auto racing Betting on auto racing has exploded in popularity in Vegas in recent years, and its appeal continues to grow. Driver Odds Jeff Gordon Jeff Burton Casey Atwood 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.

Baseball 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. Example: Pitcher listed is starting pitcher Bet Num. You have just seen an example of a dime line. Braves Dodgers Braves Dodgers Even You can arrive at the underdog's price by looking at the favorite's line. Total: Total runs scored in a game. Example: Bet Num. Baseball Parlays You may combine several teams into one wager. Listed pitcher s option When making a baseball bet, you are betting team vs.

Basketball 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. This is called a straight bet. Example: Bet No. Total: Total points scored in a game. The following are approximate odds: 2 teams 3 teams 4 teams 5 teams 6 teams 7 teams Any game that results in a push reduces the parlay one team.

Basketball Teasers: A wager that improves the point spread, but at reduced odds. The following are approximate odds: Number of teams 4 points 4. A draw on a straight bet will refund your bet. Football 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. A straight bet is the most common type of football bet. If the Dolphins win by exactly 6 points, the wager is declared a push and all money is refunded.

Bet No. Football Parlays: More than one team on the same bet. Football Teasers: A wager that improves the point spread, but at reduced odds. Teasers cannot be straight bets. The following are approximate odds: Number of teams 6 points 6. Golf Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. In head-to-head matchup propositions, both golfers must tee off for action. Hockey To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

The Goal Spread: When betting on hockey, the team you bet on must "cover the spread. Hockey Parlays You may combine several teams into one wager. Horse racing Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called. Propositions Nevada sportsbooks are not permitted to accept wagers on presidential elections, the Academy Awards or the winner of the TV show "Survivor.

More Questions? FAQ can help you find the answers. Opens in new window. Explore your accessibility options. Some states have only tribal gaming and no commercial casinos at present, such as Minnesota and North Carolina. Overall, while some tribes are progressive and have already embraced and benefited from the sports betting opportunity, many tribes have approached it with skepticism. Sports betting, unlike slot machines, can be pretty volatile and provides much lower profit margin.

It takes experience. Sportsbooks take up space. Is it worth it to create or re-appropriate room for a sportsbook? Will it be akin to another amenity like a spa and bring in a new kind of patron? These are among the questions that tribes are exploring nationally. Often, change takes time. Put simply, states are most interested, in general, in maximizing taxable revenue and shaping the market as such. It should be obvious the primary concern for all stakeholders is indeed preserving the integrity of games — both through betting integrity and sporting integrity.

But after that, decisions boil down to money, which lead to decisions about the appropriate tax rate and which regulatory body perhaps a brand new one is best equipped to oversee legal sports betting. When might the feds make another run? Former Utah Sen. Orrin Hatch and New York Sen. Both of them filled the void created by the now-defunct federal law. Regulated markets are not homogeneous across the U.

Illegal operators have some advantages and will retain some or many customers in the era of legalization, but legal sports betting through state-licensed operators has loads of upside, is generally safe, and is only getting better thanks, in part, to technological advancements and fierce competition for market share.

You can use your ID and other verification measures online to establish an account at any state-licensed sportsbook. This saves a trip, gas money, and allows people to easily establish several accounts for the sake of line or price shopping. It depends on the state. Some states only allow mobile sports bets to be placed on casino premises or another licensed gaming facility like a tavern.

The state is able to enforce this policy through geofencing technology. Basically, the location function on your phone has to be turned on to place a wager, and the app detects where you are located. You must also be located within the state where you are placing the bet. For example, spread bets at most legal books are on both sides for an NFL game. Look through a menu, pick your wager s , print the ticket and watch the game.

Where kiosks are offered you can redeem your winnings at the machine or at the sportsbook ticket window. Read more about kiosks here. Everyone who enjoys legal sports betting should be grateful to the state of New Jersey. Code Chapter Congress passed the law in with backing from the major professional U.

The law, which the high court ruled unconstitutional in May , basically said that it was unlawful for a state its state legislature , Nevada excluded, to authorize or license sportsbooks. Writing the majority opinion in a decision with some agreement by Justice Breyer but some disagreement in part released on May 14, , Justice Samuel Alito stated :.

The legalization of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own. Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution.

PASPA is not. The Constitution gives Congress no such power. The judgment of the Third Circuit is reversed. Delaware Gov. Though a bit disappointed that Delaware beat it to the punch, New Jersey still needed to pass its actual legal sports betting law before sports wagering could begin at state-licensed operators.

Phil Murphy placed the first bet that morning around 10 a. Of course, France won the World Cup in and the St. Louis Blues won the next Stanley Cup, but never mind that. From that point, more retail or brick-and-mortar sportsbooks opened across New Jersey, including the FanDuel Sportsbook at the Meadowlands, which has proven the most popular spot to bet both in person and online — certainly helped by its proximity to New York State and New York City.

DraftKings Sportsbook did come online first — officially on Aug. And it proved quite popular, thanks to a large existing database of users through its daily fantasy sports. New Jersey and Delaware were quick out of the gate and so was West Virginia mobile sports betting came later … sort of which had preemptively passed its sports betting law in March Also Mississippi mobile sports betting allowed on-premises only in passed a law that included language allowing legal sports wagering.

Other states that launched legal sports operations in included Pennsylvania November , mobile sports betting came later and Rhode Island November , mobile sports betting came later. In addition, in November voters in Arkansas approved a measure to allow casinos as well as legal sports betting at those properties. That was a lot of action for one year, and became even busier on the legislative front across the country, and brought even more action. Bills of all different kinds were introduced, discussed, and passed in multiple jurisdictions.

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DONK BETTING HEADS UP HAIR

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. 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. 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. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other.

The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds. Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better lower score wins the matchup.

If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup. For example, a matchup may pit Lehman minus against Jim Furyk plus Some matchups pit one usually very good golfer against two or more others. To determine the winner, take Woods' score and compare with to the best lowest score recorded by the three others.

If he finishes first, second or third in the tournament, the "under" wins; if he finishes fourth or worse, the "over" tickets cash. Rules vary by casino, but usually your golfer must tee off in the tournament for "action" meaning once he tees off, you will either win or lose your bet.

If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded. To bet on hockey, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager. If your team covers the goal spread, you win. The payout is based on a "Money Line". When betting on hockey, the team you bet on must "cover the spread.

The Red Wings must win the game by at least two goals to be a winner. If you bet on the Sharks, you win your bet if: a The Sharks win the game. Note: The money line is used in conjunction with the point spread. All teams must win to win the bet. Hockey 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.

Thanks to satellite feeds from racetracks around the nation, Las Vegas is a sort of nirvana for horse racing bettors or "horseplayers," as they are sometimes called. Because there are so many tracks to choose from, in Las Vegas race books it is usually necessary to identify which track you want when you place your bet. For example, tell the ticket writer, "Churchill Downs, eighth race, five dollars to win on No.

Otherwise, betting procedure in the race book is the same as at the track: For you to collect on a "win" bet your horse must win the race, to collect on a "place" bet he must finish first or second, and to collect on a "show" bet he must finish first, second or third. Betting a horse "across the board" is really three separate bets: one to win, one to place and one to show. Hitting an "exacta" entails picking the first two finishers in a race in the correct order; a "quinella" is the first two finishers in either order.

A "trifecta" is the first three finishers in exact order; a "trifecta box" is the first three in any order. A "superfecta" is the first four finishers in exacta order. A "daily double" is a wager that calls for picking the winners of two consecutive races.

A "daily triple" entails picking the winners of three consecutive races. And a "Pick Six" calls for picking the winners of six consecutive races, an extremely difficult feat that is usually rewarded with an enormous payout. In Las Vegas, race books frequently offer promotions such as free contests with cash prizes, special house-banked betting pools that grow larger if no one hits them for a few days or horse racing tournaments.

Rules and details vary greatly by casino so be sure to shop around to find those that appeal to you. Nevada sportsbooks are not permitted to accept wagers on presidential elections, the Academy Awards or the winner of the TV show "Survivor. They are not real betting lines. Under state law, wagers must involve the outcome of "athletic contests" rather than elections or votes of any kind. Even so, "wacky" proposition bets can sometimes be found in Las Vegas sportsbooks.

They are often linked to the Super Bowl or another major sporting event. For instance, in Super Bowl XXXV gamblers could bet on whether the Ravens would score more touchdowns than the Chicago Blackhawks scored goals on Super Bowl Sunday -- and that was just one of countless "wacky" propositions.

As another example, to generate interest in Monday Night NFL games, many sportsbooks offer odds on which player will score the first touchdown in the game. These "wacky" bets can be lots of fun, but odds and details vary tremendously by casino, so read the fine print before getting involved. The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues.

Please click here if you are not redirected within a few seconds. Search Las Vegas Shows Start date. End date. This guide is provided for informational purposes only. This is not a betting site. Auto racing Betting on auto racing has exploded in popularity in Vegas in recent years, and its appeal continues to grow. Driver Odds Jeff Gordon Jeff Burton Casey Atwood 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.

Baseball 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. Example: Pitcher listed is starting pitcher Bet Num. You have just seen an example of a dime line. Braves Dodgers Braves Dodgers Even You can arrive at the underdog's price by looking at the favorite's line. Total: Total runs scored in a game. Example: Bet Num. Baseball Parlays You may combine several teams into one wager. Listed pitcher s option When making a baseball bet, you are betting team vs.

Basketball 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. This is called a straight bet. Example: Bet No. Total: Total points scored in a game. The following are approximate odds: 2 teams 3 teams 4 teams 5 teams 6 teams 7 teams Any game that results in a push reduces the parlay one team.

Basketball Teasers: A wager that improves the point spread, but at reduced odds. The following are approximate odds: Number of teams 4 points 4. A draw on a straight bet will refund your bet. Football 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.

A straight bet is the most common type of football bet. If the Dolphins win by exactly 6 points, the wager is declared a push and all money is refunded. Bet No. Football Parlays: More than one team on the same bet. Football Teasers: A wager that improves the point spread, but at reduced odds. Teasers cannot be straight bets.

The following are approximate odds: Number of teams 6 points 6. Golf Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. In this section we discuss the general positions of the various stakeholders, their impacts and goals. The case that mercifully opened the door to legal sports betting across the U.

All in all, sports betting increases viewership, engagement, and the value of advertising on television and digital streaming. In other words, brand new revenue streams have opened and existing ones will get buttressed. New statistics and new markets for legal wagering. No state has yet approved Statcast wagering. Likewise, the NHL is exploring the use of advanced stats for licensure and betting.

This is the first partnership of its kind outside of Nevada. Large gaming entities for which sports betting is a very small fraction of overall revenue, such as MGM Resorts International and online-only, DFS-turned-sportsbook operators like DraftKings, are racing for market share. As more and more states flip the switch for legal sports betting, we will see healthy competition and turf wars, which ultimately are good for the consumer.

As exceptions, some states are putting clamps down and implementing market conditions that stifle competition, such as in Washington, D. Speaking of…. What role do state lotteries have in sports betting? Does the lottery commission have the requisite experience to do it well and maximize revenue for state coffers?

Should commercial operators be allowed to enter? What about a model where commercial casinos can operate online and in retail, but the lottery also gets to offer sports betting products of some kind? In almost every state where the lottery exists which is most , the lottery wants to be involved in some capacity or have a cut. Tribal gaming exists all across the U. Tribes have exclusivity or the exclusive right to offer certain types of gaming in some states, or some limited exclusivity in others.

Some states have only tribal gaming and no commercial casinos at present, such as Minnesota and North Carolina. Overall, while some tribes are progressive and have already embraced and benefited from the sports betting opportunity, many tribes have approached it with skepticism.

Sports betting, unlike slot machines, can be pretty volatile and provides much lower profit margin. It takes experience. Sportsbooks take up space. Is it worth it to create or re-appropriate room for a sportsbook? Will it be akin to another amenity like a spa and bring in a new kind of patron? These are among the questions that tribes are exploring nationally. Often, change takes time. Put simply, states are most interested, in general, in maximizing taxable revenue and shaping the market as such.

It should be obvious the primary concern for all stakeholders is indeed preserving the integrity of games — both through betting integrity and sporting integrity. But after that, decisions boil down to money, which lead to decisions about the appropriate tax rate and which regulatory body perhaps a brand new one is best equipped to oversee legal sports betting.

When might the feds make another run? Former Utah Sen. Orrin Hatch and New York Sen. Both of them filled the void created by the now-defunct federal law. Regulated markets are not homogeneous across the U. Illegal operators have some advantages and will retain some or many customers in the era of legalization, but legal sports betting through state-licensed operators has loads of upside, is generally safe, and is only getting better thanks, in part, to technological advancements and fierce competition for market share.

You can use your ID and other verification measures online to establish an account at any state-licensed sportsbook. This saves a trip, gas money, and allows people to easily establish several accounts for the sake of line or price shopping. It depends on the state. Some states only allow mobile sports bets to be placed on casino premises or another licensed gaming facility like a tavern. The state is able to enforce this policy through geofencing technology. Basically, the location function on your phone has to be turned on to place a wager, and the app detects where you are located.

You must also be located within the state where you are placing the bet. For example, spread bets at most legal books are on both sides for an NFL game. Look through a menu, pick your wager s , print the ticket and watch the game. Where kiosks are offered you can redeem your winnings at the machine or at the sportsbook ticket window. Read more about kiosks here. Everyone who enjoys legal sports betting should be grateful to the state of New Jersey.

Code Chapter Congress passed the law in with backing from the major professional U. The law, which the high court ruled unconstitutional in May , basically said that it was unlawful for a state its state legislature , Nevada excluded, to authorize or license sportsbooks. Writing the majority opinion in a decision with some agreement by Justice Breyer but some disagreement in part released on May 14, , Justice Samuel Alito stated :.

The legalization of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own.

Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution.

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