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“At the sportsbook and often on sports radio you’ll hear people use this language to sound like they are in-the-know,” he said. Sansone said you may hear fellow sports book customers using insider-sounding terms. “It’s an example of higher risk for higher reward,” said Sansone. But if all the linked bets win, the parlay wins - and the payouts can be huge. If any of the bets in the parlay lose, the entire parlay loses. This is a single wager that links together two or more individual bets. Packers example again, if the over/under is 38 and the combined point total for the Bears and the Packers is 38 you have what is called a “push”-or a tie-and you get your money back.” “Occasionally, the total is set as a whole number. A unique aspect of an over/under bet, according to Sansone, is you can have a tie. If the total is 37 or less, the “under” wins. Packers game at 37.5 and the combined score of both teams adds up to 38 or more, the “over” wins. When the over/under is set for the Bears vs. Reading the odds for an over/under, or “total” bet is simple. It’s an exciting way to bet on the action of a game without picking a winner or loser,” Sansone added. “You’re just trying to predict whether the total points scored in a game will be higher or lower than a set number. That’s why it’s often called a “totals” bet. “When you hear someone say ‘my team didn’t cover,’ they are referring to losing a point spread bet,” he said.Īn Over/Under bet is a wager on the combined total number of points scored by both teams in a game. If the Bears only win by 6 points-maybe because they “double-doinked” a field goal in the closing seconds-you would lose your point spread bet. In this hypothetical game, if Chicago wins by 9 points the Bears would not only win the game, but you would win your bet. There is usually an additional number in parentheses that tells you what the payout will be if you win.Įxample: If the Chicago Bears are the 8.5 favorite (-8.5) over the Detroit Lions (+8.5), perhaps you want to place a $100 bet on Chicago winning and covering the spread. That is the number of points a team needs to win by for you to win your bet. But in a point spread bet, another number is added. Similar to a moneyline bet, the “+” sign represents the underdog team and the “-” represents the favorite team. It’s a bet on how much the win or loss will be,” said Sansone. When you bet on the point spread, it isn’t on who will win or lose. “A point spread bet has become more and more popular. If you decide to bet for the Packers, and you wanted to win $100, you would have to bet $120. You’ll need to make a $160 bet to be paid $100 in winnings if that team wins.Įxample: The Chicago Bears are playing the Green Bay Packers and the Packers are favored to win at -120. If a team is shown -160 that means they’re a favorite (expected to win). If that team wins, your $100 bet will win you an additional $120. If a team is +120, this means they are the underdog. Reading the odds for a money line bet is simple.
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The signs help you quickly figure out how each side will pay, if that side wins: The minus sign means the payout will be less than the original bet, the plus means the payout will be more than the original bet. The underdog team on the moneyline is the team that’s expected to lose, usually listed with a plus “+” sign. This side of the bet is usually denoted with a minus “-” sign. The favorite team is the team expected to win. It’s as simple as picking the winning team,” he said. “A wager on the moneyline is one of the most basic bets you can make. Sansone says there are four main types of bets that Illinois residents will be able to make. “The sports betting terms can intimidate even the biggest sports fan, but with a few pointers, you can have a lot of fun and win some money-and you don’t even have to bet against your favorite team, even if they are the underdog,” Sansone said.Īs Illinois prepares for sports betting to begin in time for college basketball’s “March Madness” tournament, BetRivers’ Sansone, known to some as “Rivers Ross” is providing a “Sports Betting 101” outline of the basics for each bet that can be made and definitions of common terms. At Rivers Casino Des Plaines’ soon-to-be-open BetRivers Sportsbook, resident expert Ross Sansone is making it simple for you.
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Sports betting master “Rivers Ross” offers tutorialĭES PLAINES, IL (March 2, 2020) - Don’t know your over-under from your moneyline and confused about how to parlay your interest in sports with placing a bet at a newly legalized Illinois sportsbook? Fear not.