How To Make A Bet In Vegas From Home
The house wins again.
- For a bet on them to be successful, they would therefore have to win by four points or more. The Colts, on the other hand, will have 3.5 points added to their final score. A bet on them would be successful if they won the game, or lost by 3 points or less. You can read more about point spreads on the following page.
- Prop betting origins. Prop bets became popular in the United States with the Super Bowl. The specific explosion of prop betting started at the Westgate in Las Vegas (previously known as Las Vegas Hilton). The team at the Las Vegas SuperBook was the first Nevada sportsbook operator to offer a large number of prop bets for an individual game.
- The answer to whether one can bet online at the Vegas sportsbooks is both 'yes' and 'no', i.e. Not as simple to answer. You see, online sports wagering is legal in Nevada, but the state gambling laws prohibit people from placing bets online from outside Nevada. In addition, only Nevada residents are allowed to open internet betting accounts.
Nevada sportsbooks won $18.7 million off $154.6 million in bets on Super Bowl LIV, according to figures released Tuesday by gaming control officials. Both the win and the amount wagered were near-records for Nevada's bookmakers and stand as evidence that Las Vegas remains the epicenter for American sports betting.
Here are some things you need to remember when making sports bets: The rotation number that matches with the team or athlete for the bet. This is the 3 or 4-digit number to the left of each event. The amount of the wager or bet. Listen carefully when the bet is read back to make sure it is correct. Money Line: The money line is a bet on the odds of a team winning the game as opposed to a point spread that is based on the scoring outcome. Money Line is a simple wager on which team will win. Parlay: A parlay is a single bet that links two or more wagers. To win the bet, the player must win all the wagers in the parlay.
The Kansas City Chiefs rallied in the fourth quarter to knock off the underdog San Francisco 49ers 31-20 on Sunday. The Chiefs covered the 1.5-point spread, the game stayed under the 53.5 total and Nevada cleaned up.
The $18.7 million win is behind only the $19.6 million Nevada sportsbooks won on Super Bowl XLVIII between the Seattle Seahawks and Denver Broncos, and the $154.6 million bet is just behind the record $158.5 million that was wagered on Super Bowl LII between the Philadelphia Eagles and New England Patriots.
This was the second Super Bowl since a 2018 Supreme Court decision opened a path for states outside of Nevada to offer regulated sports betting. Since the ruling, legal sportsbooks have opened in 14 states, with several more poised to get into the bookmaking business this year. The expansion hasn't slowed down the action in Nevada, though. A record $5.3 billion was bet with Nevada sportsbooks in 2019.
'The overall picture in Nevada [since the Supreme Court decision] remains positive,' Michael Lawton, senior research analyst for Nevada Gaming Control, said in an email to ESPN. 'Nevada has set annual records in 10 consecutive years for sports pool volume and won $329.1 million in 2019, which is an all-time record and up 9.5% over last year. In fact, since 2010, sports betting volumes in Nevada have increased 92.6% or $2.555 billion.'
Bettors had more success on the Super Bowl in some of the new states offering sports betting. New Jersey sportsbooks reported a $4.2 million net loss on the $54.2 million bet on the Super Bowl, although some of that loss can be attributed to promotions offered by Garden State bookmakers. Pennsylvania sportsbooks reported a $3.3 million loss on the $30.6 million bet on the Super Bowl.
Kip Levin, president and chief operating officer of FanDuel, pointed to in-play wagering as a big factor in the book's Super Bowl loss in New Jersey.
'With their knack of playoff comebacks, there was a lot of interest in the Chiefs when their odds peaked in the fourth quarter,' Levin told ESPN.
He emphasized, though, that FanDuel was still pleased with the betting interest on the Super Bowl, despite the loss.
'I think we have a lot of years to go before revenue, instead of customer acquisition, is the primary metric for success on days like Super Bowl Sunday,' Levin said.
Rhode Island sportsbooks fared better, winning $804,000 off $5.5 million bet on the Super Bowl, according to state lottery officials. The Oregon state lottery did not report a net result but said more than 90,000 bets totaling more than $2 million were placed on the Super Bowl between the Chiefs and 49ers.
How to Make a Sports Bet
by Nicholas Tolomeo - 1/14/2010
There are countless options to choose from when it comes time to make a sports bet but before you can even start breaking down different teams and point spreads first you have to choose how you plan on betting. The following guide for how to make a sports bet is intended for novices.
Just about every town in the country has a local bookie that will take your bets but for this discussion we will stick with the legal means. In the United States, Nevada and Delaware allow sports betting although they cannot really be compared
Throughout Nevada, most notably Las Vegas, bettors can bet on just about anything and just about any way they would like. The state of Delaware is the country’s newest licensed sportsbook. The limitations are extremely strict with only NFL games on the betting menu and all bets have to be three-team parlays, where a bettor must win all three games to win his or her bet. Wagers can be placed on sports at Delaware’s three slots casinos.
In the past decade another option has begun to flourish, offshore betting. These offshore books have Web sites where bettors can deposit money and then wager on sports, entertainment, politics and just about anything else you can think of.
To bet online after you deposit your money you can either do it directly on the Web site or over the phone. All you need is enough money in the account to cover the bet, your account number and password.
Before wagering online be sure to consult your local laws on online gambling.
In Nevada you can either set up a phone account with an in-state sportsbook or you can wager yourself at one of 150 state-licensed sportsbooks. Often the rotation numbers assigned to specific teams are used to make these wagers. A company out of Las Vegas assigns the rotation numbers to the games and they are uniform throughout the sports betting world. Games are listed in order of the rotation number and this makes it easy to find exactly the teams you are looking for.
Another major question that comes up with first time bettors is what exactly is the vigorish, or vig or juice. The juice is generally 10-percent for all bets and it is a fee charged by the bookmakers.
In a perfect world for the bookmaker, equal amount of bets will come in on both teams and allow the house to be uninterested in the outcome of the event and just take their 10 percent. For example, if one bettor bets $550 to win $500 on the Steelers and the other better takes the Cardinals, $550 to win $500, then regardless of the outcome the house makes $50 dollars. In other words the vig is a 10-percent fee paid for the bookmaker’s services.
This 10 percent, shown as -110, can change depending on different circumstances. Sometimes in a football game when a line settles on three or seven points, rather than making a drastic point spread shift to 2.5 or 7.5, some books will adjust the side that is being bet heavier to -115 or -120 or higher while the other side would become -105 or +100. In the case of +100, whatever is bet, is returned in a win. So a $100 bet wins $100.
When there is no point spread involved, usually the case in baseball and hockey betting, the oddsmakers set a money line. The money line is simply picking which team you think will win. There are no points involved, they just have to win. The money line is available for just about every football and basketball game as well.
How To Make A Bet In Vegas From Home Page
In money line betting a minus sign denotes the favorite while the plus sign denotes the underdog. If a football team is favored by seven points they will likely be set as money line favorites of around –250, meaning to pick the favorite to win the bettor would have bet $250 to return $100. The opposite would be taking the underdog and that line would be around +225 meaning that a $100 bet would return $225. The difference between the 250 and 225 is another form of juice and another way for the bookmaker to increase his profits.