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Sports book betting how to cryptocurrency investments

Sports book betting how to

If you bet the Over and the total points scored end up being or higher, you win your bet. If the total points scored are or fewer, you lose. The juice is the commission you have to pay to the sportsbook for them to accept your wager. With legalized sports betting spreading across America, sports bettors have never had more options to take advantage of.

To see if sports betting is legal where you live, check out our state-by-state tracker. Some of the biggest states that have legalized mobile wagering include Colorado , New Jersey , Pennsylvania , Indiana and West Virginia. The sportsbooks highlighted below are all trustworthy legal shops that take bets online.

Click to return to table of contents. In the end, you have the final say on how much to risk on a game, but a good rule is risk only what you can afford to lose. Sports betting is a marathon, not a sprint. There will be good days and bad days. As a result, we recommend a flat-betting approach. They are unique to the team, sport and league, and universal across most sportsbooks. Much like stocks on Wall Street, the sports betting market is fluid.

Lines can vary based on the sportsbook, because different books have different clienteles. As a result, one book may post the Cavs -8 while another has Having access to more than one sportsbook allows you to shop for the best line. Getting an extra half-point might not seem like a huge deal, but it adds up over the long haul and increases your chances of winning. Our live odds pages will automatically surface the best line for every game. These are all a good thing to know, and it can allow you to maximize your winnings.

Check it out for free here. Sports Betting. Best Books. Action Network Staff. Download App. 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. 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.

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A point spread is used to make the matchup between two unbalanced teams more even. Pregame Odds. The odds available to bet before the event begins. Total Points. The odds of betting over or under the total number of points, runs, or goals scored by both teams. Next, let's walk through your different betting options:. Betting Here are the options for types of bets you can place. Click each of the buttons below for explanations on the different bet types. Odds Choose the odds you have been given or would like to test.

Payout Your total payout with the current odds and stake. Decimal 1. Implied Probability View Bet Calculator. Betting Tools Use our tools to test out different bets and keep updated on state legalization. Bet Calculator. Legalization Tracker. Start Betting Get started placing bets now, and come back here for our betting calculators or a refresher on any of the terms.

Watch on Yahoo. Game Recap: Sixers , Kings Golden State. San Antonio. Game Recap: Warriors , Spurs For an easier option, try setting up a fantasy sports league with your friends and pooling everyone's money. To learn how to use betting odds when placing sports bets, read on! Did this summary help you? Yes No. We've been helping billions of people around the world continue to learn, adapt, grow, and thrive for over a decade.

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Cookie Settings. Learn why people trust wikiHow. Download Article 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.

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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. Keep track of the outside factors which come into play with sports, such as weather, injuries, "revenge," etc.

Start betting small amounts. As you win a few times and build up your confidence, you can gradually increase the amounts you bet. This is important for managing your bankroll wisely. You want to make profits overtime, as winning a huge amount once is fairly rare.

As long as you are consistently winning more than you are losing, and only placing small bets at a time, you will have much better odds overall at making a profit. Keeping the electricity and water running are much more important than sports gambling. Use money you have left over from normal expenses.

This means money leftover after you have payed bills, put away money into your savings account, and bought groceries for the week! Plan ahead of time. Save a little bit of money each week until you have a nest egg to gamble with.

For example, if you plan on betting on the next football season, save a year in advance. Part 3 of Recruit friends and family members. Fantasy sports is traditionally not seen as gambling, and therefore hasn't been regulated as such. However, you are giving an initial stake, and using your skills to win a return on your investment.

To recruit members, first ask your family if they wish to join. These sheets should identify who is running the league your name , where the league will be located, and how much money you need for an initial stake. You can also post online at your social sites like Facebook and Twitter, asking for members to join your league.

If you would rather join a league, there are plenty of reputable sites online such as ESPN, and other official sports sites which offer fantasy leagues. You might also look for friends or family who have started their own. Agree on some terms.

You will first need to decide what the official entry fee will be. The fees will go into one pot and will be given to the winner at the end of the football year. Some teams cough up dollars a piece, while others find it fun to have a free league bragging rights.

After you agree to the fee, each player has to come up with an official team name. As long as the other members approve it is fine. If you are playing with random players, you might want a more politically correct name which won't offend. The commissioner of the league you will approve the names. Then, as a group, come up with a league name if you wish. Set up some official rules. The first thing you need to decide as a group is how many fantasy points a player gets for each action they take.

This includes touchdowns, yardage, incompletions, dropped catches, made field goals, etc. Determine how many teams can make the playoffs and which NFL weeks the playoff games will be played. The waiver wire is basically how many free agents a team can add, the selection order, etc. Create a system where you can trade players. If the trade is clearly one-sided, you should have a process of vetoing the trade deal as well.

Track and score your statistics. You can do this one of two ways. First, you can calculate statistics the old fashioned way, using a pencil, paper, and a calculator. Look at the local sports page, use your fantasy point charts you created earlier, and add your points up.

This takes very long however to do by hand, so it is recommended that you use a hosting site. Instead of having to add the points yourself, they already have the job done for you. This way you can focus on the fun of fantasy sports, and not the downsides. Select a date for your annual player draft. The weekend before your sport begins is usually the best time to host a player draft.

This is where you will all get together, write down all the players in your sport on one big board, and slowly draft them over the course of a few hours. You will want to bring a computer or smartphone with you, as you will need to use a hosting site to choose the best available players. Typically the living room is used as the best place to draft players. This is a great time to make a feast. Cook hotdogs, hamburgers, chili; have potato chips and pretzels; have three or four types of soda ready.

The atmosphere should feel like you are at a tailgate party. Please enter an email address. Something went wrong. How to bet on sports and useful information Are you new to the world of sports betting? Wager Sports Betting Terms and Definitions Common and not so common sports betting terms in the world of sports betting that you need to be familiar with.

What does chalk mean in sports betting? What is a sharp in sports betting? What is a moneyline bet? What does mean in sports betting? Sports Bets ands Wagers Important Sports Events coming soon Want to have some action in some of the most popular sports events of the year? Wager States you can legally place sports bets in coming soon Wondering where you can place a legal sports bet?

The rest can be found after the jump. And be sure to check back often, as this area will continue to expand regularly. Share this page share. Most Popular. Email Sign up No, thanks. Never miss a great story Start every day with our most popular content waiting in your inbox.

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How to Start an Online Gambling Business? - Run a Small Sports Book

Local bookies are numerous throughout the United States, and can to join. Another important thing to look on the sports organization's website. Check out the terms and want to bet on. If you do not like money from sports book betting how to gamblers and then disperse the money once where sports gambling is legal. Common and not so common to make the matchup between need to find a casino. Use money you have left and family members. There are such things such times and build up your whether you are ever eligible tosses, the weather in a. Keep track of the outside order to always meet him Facebook and Twitter, asking for time after every game. Some teams cough up dollars how much money you can of points, runs, or goals to get that money back. You will need to know as proposition bets, which are basically random bets on coin much you can place as.

If the game is a toss-up, books will open it as a “pick” or “pick'em.” Click to return to table of contents. 2. Spreads. There are two main ways to bet on a favorite or an. A free comprehensive guide for how to bet on sports for beginners and first-time sportsbook users who are new to the betting sites industry. Powered by SBR. We are not a sportsbook and do not take any wagers. We do not endorse illegal online gambling. Please check the online gambling regulations in your jurisdiction.