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and people feel that both teams would score more combined points than the 45. So in that case

Time:2018-05-16 15:25Shoes websites Click:

Sports Betting Basics

FAQ: The basics of sports betting

By Brett Smiley | May 15, 2018

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 and people feel that both teams would score more combined points than the 45. So in that case

Doug Kezirian breaks down the ramifications of the Supreme Court's ruling that New Jersey -- and every state after that -- can have legalized sports betting.

Following the Supreme Court's ruling that PASPA is unconstitutional, numerous state legislatures are discussing -- or already have passed laws -- that will allow sports betting at brick-and-mortar casinos and racetracks, as well as online.

The conservative estimate here is that by the end of 2018 eight or nine states will have licensed sportsbooks allowing full-fledged sports betting (straight wagers, parlays, futures and more) at casinos, racetracks and possibly in retail locations, such as gas station convenience stores. By the end of 2019, that figure could grow, giving residents and neighbors in 12 to 14 states access to legal sportsbooks and legal online/mobile wagering as well.

With that in mind, let's look at sports betting basics. You've walked into a sportsbook, you're staring at a wall of orange and green letters and numbers and it looks like hieroglyphics. You may find a patient clerk at the sportsbook counter who can explain some basics, but it's always better to go in with an idea how it works. Start by doing some research online, learning a bit of sports betting terminology and about types of wagers available at sportsbooks.

Here's a review of some basics. Joining us to cover some ground is Vic Salerno, a pioneering Nevada sportsbook executive and current President of US Bookmaking and US Fantasy Sports.

What are the point spread and the money line?

There are a few basic ways to bet on the result of a game. The most popular ways are to bet one team using the "point spread" (or spread) or to bet the outcome on the "money line" (ML).

"A point spread is a number of points by which one team is favored over the other," Salerno explains. "For example, let's say the Cleveland Cavaliers are playing the Milwaukee Bucks, and the Cavaliers are a 3.5-point favorite. That means that Cleveland has to win by three and half or more points. If they only win by 3, then someone betting on the Cavaliers would lose their wager."

So suppose the Cavs edge the Bucks 93-90. Someone betting on Milwaukee would win there because the Bucks "covered" the spread -- by either winning outright or by losing by three or less. The person who bet on the Cavaliers (the "favorite") would have lost here, while someone else backing the underdog Bucks (or the "dog") would have won their wager, despite the Bucks losing the game.

The point spread is the great equalizer. It's a game within a game.

The money line is straight up without the handicap.

"The money line is just who is going to win the game outright," Salerno says. "So in that same example, with Cleveland on the money line, just to win the game outright, you would have to lay, say, two dollars to win a dollar."

That would be represented on the board (or on the mobile app) by -200, or 1-2 odds. Bet $200 to win $100, $100 to win $50 and so on. You have to bet more than $100 to win $100 because the outcome of the Cavs simply winning the game is a lot more likely.

And on the other side, the Bucks, who are at +3.5 on the spread (or "getting" 3.5 points), would be somewhere around +160 on the money line (8-5 odds). So, you risk $100 to win $160, but only if the Bucks are victorious. If you bet the Bucks ML and they lose the game by any margin, you lose your wager.

What is handicapping?

Handicapping refers to a person's approach to predicting a game's outcome. Some people weigh certain factors differently than others. Do the Golden State Warriors play poorly on the second night of a back-to-back? Maybe you think that's just noise.

"[Handicapping is] just knowledge. I mean every game is different," Salerno says. "In general, you look at applicable weather conditions, and in any sport, it's injuries. You should be up to date on those. Past statistics come into handicapping, and in some sports, past performances against that team. So, for example, in basketball, they play each other more often than they do in football, so you would use past performances for your handicap."

Handicapping can be as simple or as complicated as you like. People who wager on sports professionally (or try) will devise their own rating systems and use them to help identify what a line should be.

What about the total?

Ever notice someone only rooting for offense or defense, regardless of who has the ball? He/she may have bet "over" or "under" the game's total, the total amount of points scored for both teams. It's a wager totally independent of the game's outcome (spread or ML).

Salerno provides an example why somebody may prefer that to picking a side (a winner or loser).

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