Sports Betting Negative Number

카테고리 없음

by protgeosula1970 2021. 6. 19. 18:59

As we explained with moneyline betting, a negative number (-) indicates the favorite and a positive number (+) indicates the underdog. ATS (Against the Spread) Betting: Case Study As you can see, New England is the favorite in this game by 7.5 points, since they have the negative number.

Sports Betting Percentages Chart
Sports Betting Negative Numbers
Sports Betting Negative Numbers
Sports Betting Odds Negative Numbers

Purchase What Is Negative Number In Sports Betting. Easy to apply Find Soccer Sports Betting. Find Sports Betting Ecuador. Money line odds - These are by far the most common form of odds in North America for sports betting. They are expressed as numbers greater than 100, and they can be either a positive or negative number. Each one is a little bit different. What does 'plus' and 'minus' mean as a sports betting term? Odds expressed in terms of money, with $100 being the standard. If the odds are minus (–), then that amount of money must be wagered to.

Most people who want to place bets on sports are fans to begin with. It isn’t unheard of for a gambler to place some sports bets, especially during big games like the Super Bowl or the NCAA basketball Final Four, but for the most part, sports bettors are sports fans looking to use their knowledge of a game or of a game’s players to earn a little extra cash. Being a fan of a particular sport, a team, a college or professional squad—these are all precursors to placing sports bet. Sports betting is also a way for a fan to get in on the action of the game, with something more than self-respect at stake.

All gambling is mathematics, even games of chance. If you understand the math behind the game, you understand the game and can give yourself an advantage. For many games, like penny slots or poorly placed roulette bets, are so bad that smart bettors earn their advantage by avoiding them altogether. In sports betting, the math is more complicated. Depending on your favorite sport, you may need to think about things like bye weeks, underdogs, quarterback ratings, and injuries with the same fervor other connoisseurs reserve for fancy winces.

So how difficult is sports betting math? The math behind placing a winning bet is fairly complicated, but the way to stay ahead of the bookmaker is rather straightforward. If you collect on 52.4% of your bets, you’ll break even. We’ll have more details on that number later, including why it takes more than 50% wins to break even, but first some general knowledge about sports gambling and the numbers behind it.

100%UP TO $1,000 BONUS

Our Top Rated Betting Site!

Sports Betting Basics

The easiest way to demonstrate the math behind a sports bet is to make up an example. Let’s say you and your buddy walk into a casino, each with $200 burning a hole in your pocket. There’s a big game on tonight, the Cowboys and the Redskins, so you wander into the sportsbook to check up on the latest news about the game. While you’re sitting there, you see the wagering board, with some funny numbers on it. It looks like this:

428 Cowboys +175
429 Redskins -4 -200 38

Some of this is easy enough to read. The Redskins -4 means the Redskins are favored to win and must do so by at least 5 points for a bet on the ‘Skins to pay out. The next number (-200) is the moneyline, in this case the Redskins are a 2/1 favorite. The last number (38) is the total, the over/under of the expected number of points scored in the game.

More on Placing Sports Bets

Look at that over/under number, in this case 38. If you or your buddy thinks this is going to be a particularly high or low scoring game, based on your knowledge of the team’s offenses and defenses, or information about a hurt player or bad playing conditions, you can place a wager on the total of points scored.

So how is a guy supposed to know how to literally lay down a sports bet? You need to know three things:

#1 – the type of bet you want to make
#2 – the number of the corresponding team you have chosen and
#3 – the amount you wish to wager

Knowing all that beforehand gives the ticket writer the details he needs to write the ticket without having to bend over backwards to process your bet.

Tipping and Sports Betting

We haven’t even gotten to the meat of the sports math yet, and we’re already talking about tipping the staff behind the window? Yep. Here’s why.

If you place two $100 bets, and you win, you’ll collect $440. You should consider leaving a tip around five percent of your winnings. Yes, that’s a $22 tip, but you just made a huge win, and surely you can spring for a twenty-spot for the guy who helped you win it. If you tip around the five percent mark regularly, when you win, you’re way more likely to get free drinks, which is about all you’re going to get comp-wise at the sportsbook.

So, back to the basic math of sports betting. You and your buddy, after much deliberation, decide to each place a $100 bet on your favorite team. What now?

To bet on the Redskins using the point spread, your bet is called “laying the points.” For your bet to pay off, the ‘Skins have to win by five or more to cover the spread. Remember, if the ‘Skins win by exactly four, the game is a push, and both sides recoup their bet. Another alternative is called “taking the points” with the Cowboys. That means the Cowboys have to lose by three or less for your bet to win, or if the Cowboys win outright. So you and your buddy go up to place your $100 bet, and you find out that the standard straight bet at any bookie pays 11/10. That means you have to bet $110 if you want to win $100. You and your buddy pay the bookie $110 and sit down with drinks to watch your bets come in.

These are deceptively simple bets. Deceptively because they make it look like the outcome of the football game is like the outcome of picking marbles out of a bag. Put one black marble and two white marbles in a bag, pull one out at random, and there’s your football game. After all, the odds are the same: 2/1 for white.

But we, as sports fans, know that the mathematics of a sporting event is much more complex. Sports bettors deeply involved in their hobby will subscribe to weather bulletins from major cities that take part in their sport, making huge wagering decisions based on a few mph of wind in one direction or another. Then there’s the unknown—does a player get hurt in the first quarter? Does weather become a factor? Is a particular player “in the zone?”

How Do Bookies Make a Profit?

Just as we finish ruminating on the concept of the difficult math at play in the background of major sporting events, we’re going to turn right back towards the simpler side of sports betting. Bookies make a profit because of vigorish. What’s vigorish?

Look at the above example again. You and your buddy each paid $10 to the bookie to place your bet. That’s what the standard 11/10 odds in sports betting are all about. You bet the Cowboys and your buddy bet the Redskins, a total of $220 bet. The sportsbook has to pay back $210 to the winner, leaving a nice $10 profit no matter what happens on the football field. That $10 built-in profit is called the vigorish, and it’s the final monkey wrench in the gears of sports betting.

Obviously, sportsbooks are going to take more than two bets on any game, but this example is for simplicity’s sake. Looking at the total number of bets on different games over the course of a week and adjusting the moneyline and other numbers is another way the bookie makes a profit. Adjusting the odds a tiny percentage point in either direction will affect the balance of beats and make the book more likely to turn a profit no matter what.

Essentially, a bookie is a person who holds on to money from bettors then pays them if they win and keeps their money if they don’t. That’s what the job is boiled down to its essence.

When a bookie sets odds for games, he will build what bookies call an “over round” into his set of odds. Another slang term used for this formula is “the juice.” For the sake of simplicity, let’s look at a boxing match where both contenders are equally talented, of equal stature, etc. Since they both have an equal chance of winning, a casual bet may be even money. You put $20 on one guy; your friend puts $20 on the other. Whichever fighter wins awards the bettor with the total of $40.

Bookies don’t offer even money like friends in a casual betting situation. In the above example, with two evenly matched boxers, a smart bookie will offer 5/6 odds for each. That way, a $10 winning bet would only return $8.30 plus your stake. What does this do for the bookmaker? He can float an equal amount of money on both fighters, winning no matter which fighter actually wins. If they take $1,000 worth of bets on one boxer and $1,000 on the other, the bookie would take in $1,000 but only have to pay out $830, for a guaranteed $170 profit regardless of the outcome.

Bookies look at the weight of their books all the time and adjust odds and other factors to make sure their books balance. Though it isn’t possible to completely balance a book, bookies that go too far out on one side run the risk of losing money, and losing money in gambling is the fastest way to find yourself in another industry. All of these factors are why bookies generally root for the underdog—too many favorites winning in a sport with a short season (such as the NFL) can cause a bookmaker to lose money, while a bunch of upsets (like you generally see in college football) is a guaranteed profit for the bookmaker.

The short answer here is that bookies making money has nothing at all to do with your betting. It is almost unheard of for a single customer to be allowed to place enough bets to sink a single book all on his own. High rollers in sports betting get special privileges in terms of their maximum bet size, but these privileges often change with the bettor’s luck—maximums get raised after the bettor sees big losses and decreased (sharply) when the bettor starts to get lucky.

In short, a sportsbook’s profits aren’t necessarily impacted directly by the way an individual bet is called. Unlike casino games or slot machines, where it’s you against the house, sports bettors fuel the bookmaker’s business and only rarely is an individual bettor betting against the bookie.

Sports Betting Odds

Remember at the beginning when we talked about the magic number necessary to guarantee a break-even week in sports betting? If you read enough about sports betting, you’ll hear this number repeated often: 52.4%. If a bettor can win 52.4% of his bets, he’ll break even. Where does that number come from?

When betting the spread, you get odds of -110. Sometimes, sportsbooks will offer a -105 line as a promotion or to welcome new business. But for the most part, if you’re betting the spread, you’re getting -110.

We draw that 52.4% break even number right out of the odds. -110 is equivalent to 11/10. That means if you bet 21 games, you’d have to win eleven of them and lose ten of them to break completely even. Even at -105, you’d still have to win an astounding 51.2% of the time just to break even.

If you don’t trust the basic math behind this break-even principle, look at another real-world example. Let’s say you get really into sports betting after your Cowboys cream the Redskins and you go home with a nice fat wallet. You then bet on the next 10 Cowboys games, winning six times and losing four times.

That 60% betting record (with the odds of -110 that is traditional for against the spread bets in football) will leave you with a profit of $160. Think about it—your $600 profit from your 6 winning bets minus the $440 you lost on losing bets leaves $160. It took you $1,100 to win $160, meaning you have to bet $6.87 to win $1 on average. So you see the small differences between a 52.4% winning rate and a 60% winning rate—inside those 7.3 percentage points lies hundreds of dollars in profit.

Now imagine instead that you lost one of those six winning bets, leaving you with a 50% betting record. You spent a total of $1,100, won $500, and lost $550. That means overall your 50% record drained your wallet by $50. That’s where the vigorish will get you. Not even winning half the time is good enough to break even in sports betting.

Professional Sports Bettors

Believe it or not, some people really do bet on sports for a living. Maybe they work part time at a sportsbook or in some other marginal job in the casino industry, but there is a group of gamblers who bet on sports for their life’s work. With all the math swirling around in our heads after the last bit of the article, it’s hard to imagine anyone wanting to do this for a living.

If you know that a 52.4% record will mean you break even, the simplest way to turn sports betting into a career is to bet enough so that a 53% winning record will bring in the kind of money you want to make.

Another example. After your successful Cowboys experiment, you decide to invest $10,000 in sports gambling over the first four months of the following football season. That $10,000 is set aside to win or lose in sportsbooks.

You plan on betting on 160 games during your investment period. You dream of a 55% winning record because your win-loss with a 55% winning record would give you an 88-72 record. That’s an expected profit of +8.8 units. How did we get to that number? To calculate your units, subtract the total of your losses (multiplied by 1.1 to include the vig) from your wins and you’ll get your unit profit.

Placing $460 bets on each of these games, a number pulled from some quick and dirty math about how much you could afford to bet in a single week’s NFL play without blowing your bankroll, would result in a $4,048 profit if you maintain that 55% winning record. Turning $10,000 into $14,048 in just four months is an investment return of 40.48%. I dare you to ask your bank for that kind of return on your savings account.

But that’s all assuming you can pick the winner 55% of the time. Do your research, look into the records of professional sports gamblers. 55%, while not impossible, would place you among the elite sports bettors in the country, if not the world.

Professional sports bettors have to worry about variance more than any other type of gambler. Working against the forces of variance means managing your bankroll over the course of the season to avoid the negative possibilities that could totally empty your wagering account. Professional sports bettors have the time and resources necessary to calculate these variances, and there are even a few pieces of software out there that can help you figure out your ideal bet in the face of negative variance. But the bottom line is that professional sports bettors would dream of having a 55% winning record, simply because it guarantees you’re beating the house.

Pro bettors make their money on bets that sportsbooks offer that give them even the slightest betting advantage. The key to becoming a profitable sports bettor is being able to find advantages, opportunities where the line a book is offering is vulnerable.

This is why many long-term sports bettors are math freaks. Good sports bettors understand statistics, particularly what are called inferential statistics, though any higher math will help when it comes time to place a bet.

Here is what a professional baseball bettor might do in his head. After looking over statistics from MLB (kept religiously by all sorts of bloggers, data archives, and magazines) between the years 2000-2010, he notices a particular statistic pop out. For example: when the home team starts a left-handed pitcher the day after a loss, that team wins 59% of the time. Good sports bettors can do this sort of math in their head or very quickly on paper. From that bit of information comes a new betting theory—look for game situations that mirror the above example and bet on them. That means he’ll only bet games where the home team starts a left-handed pitcher the day after a loss. Does he just jump in and start betting based on this back of the napkin math? No way. More statistical analysis is required—he may find that this was a fluke for that particular decade and isn’t a trustworthy statistics, or he may find an even more advantageous bet based on his original theory.

Pro sports bettors also keep near-obsessive records of their bets. Obviously, no edge in sports betting lasts longer than a single game. Taking proper records will also help you test theories, like the above one about left-handed pitchers and losses. Without taking good records, no sports bettor’s bankroll will last very long.

What Is a Good Record for Sports Bettors

So, at the end of the day, what could you call a “good” record for a sports bettor? Most casual gamblers looking into sports betting see a pro advertising his 1100-900 record and shake their head a little. How could such an abysmal record be something to be proud of? That’s a 55% winning percentage, and it indicates to those in the know that this bettor is actually turning a profit placing bets on sports.

A good record for a sports bettor is any record equal to or larger than 52.4%, because that number or anything higher means you’re not losing money. A 53% winning record, while not impressive on paper, means you’re actually beating the sportsbook and putting money back in your pocket. Ask your friends that play the slots or play online poker how often they end up putting money back in their pocket.

A -110 wager, standard for spread bets in the NFL, gives the house a built-in advantage of 10%. It means that even if you do win, and you line up to collect your $100, some sucker behind you just spent $10 to hand the casino $100.

A good record for sports bettors is any record that ensures they at least break-even. If you bet 16 games this NFL season and you won 9 and lost 7, you probably made money. And taking money away from a casino is always something to be proud of.

If you enjoyed this article please share it. You can also support us by getting started with your betting at Bovada.lv today where you will receive a $250 free bet on your first deposit!

Other Advanced Sports Betting Strategy Articles:
» Future Betting Strategy
» NFL Bye Week Betting Strategy
» Parlay Betting Strategy

Sports Betting Break Even Video:

In the video above I go over the break even % for sports betting, and we take a look at the difference between hitting 52% and 53%. I also quickly show the amounts of profits you can expect if you can hit 55% consistently.

Many of the most avid sports fans often wonder how to bet on sports online legally, particularly because sports betting only became legal a few years ago.

Just two years ago, the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA). The historic decision paved the way for states to legalize sports betting on an individual basis.

In only two years, the burgeoning US sports betting scene has developed into a competitive market, and it’s only getting stronger.

Sports betting isn’t legal everywhere in the US, but many jurisdictions authorized and launched completely legal sportsbooks. It’s easier to place a legal bet in the US right now than it has ever been before.

How To Bet On Sports Online Legally

To bet online legally, you first need to find a legal and regulated operator. Fortunately, many states have legalized sports betting and have online sportsbooks live, accepting wagers. Sportsbook technology is so streamlined that using them is about as simple as using any other app you access on a day-to-day basis.

The bets you’ll find vary somewhat by state because certain jurisdictions prohibit specific types of bets. Illinois, for example, does not allow betting on elections, awards shows, any college match that includes an Illinois school, or minor league sporting events. Still, most sportsbooks offer a wide array of bets on professional sports, college matches, and international events.

Online sports betting brings a hobby to the digital space that formerly required users to visit land-based sportsbooks. Betting online has the added advantage of convenience and speed.

The Top Sports Betting Promo Codes

Here’s an at-a-glance overview of sign-up bonuses from some of the biggest sportsbooks:

Sportsbook	Bonus Offer	Live In
DraftKings	20% deposit match up to $1000	CO, IN, NJ, WV, PA, IL, IA, NH
FanDuel	Up to $1000 risk-free bet	CO, IL, IN, NJ, WV, PA
FOX Bet	Up to $500 risk-free bet	CO, NJ, PA
BetRivers	100% deposit match up to $250	CO, IN, PA, IL
PointsBet	2 risk-free bets up to $2,000	NJ, IN, IA

Where To Place An Online Sports Bet

When the Supreme Court overturned PASPA, it granted states the individual opportunity to legalize sports betting. As a result, the US sports betting landscape is incredibly diverse and nuanced. Even among states that have launched sports betting, the laws make each market unique.

States With Legal And Live Online Sports Betting

State	First Online Sportsbook Launched
Colorado	May 2020
Illinois	June 2020
Indiana	October 2019
Iowa	August 2019
Michigan	2021
Nevada	2010
New Hampshire	December 2019
New Jersey	July 2018
Oregon	March 2020
Pennsylvania	May 2019
Rhode Island	September 2019
Tennessee	Late 2020
Washington DC	May 2020
West Virginia	August 2018

Sports Betting Coming Soon

Legislation and regulation, especially when real money gambling is involved, can take time. Many states are still solidifying their sports betting laws, and a few are expected to enter the market very soon.

Michigan, Tennessee, and Virginia have all legalized online sports betting and will launch once regulations are finalized and licenses are granted. Among those states, Tennessee is unique in that it will allow online-only sportsbooks exclusively because there are no land-based casinos in the state.

Meanwhile, New York, Arkansas, Mississippi, North Carolina, and New Mexico all have retail sports betting. Those states could consider online legislation in the near future to boost their existing land-based offerings.

Other states have been working on legislation, but have encountered roadblocks for various reasons. Once they overcome certain obstacles, we expect California, Massachusetts, and possibly Florida to legalize online sports betting.

The Best Online Sportsbooks In The US

The expansion of the US sports betting landscape has brought the rise of various operators. This gives sports bettors plenty of options to choose from, and using one of the top sports betting sites means you’ll have a seamless experience from start to finish.

DraftKings

Available in: CO, IN, NJ, WV, PA, IL, IA, NH

DraftKings is one of the industry’s undisputed leaders. The company began as a daily fantasy sports provider and grew rapidly to become a top-tier sportsbook and online casino operator. In states where it’s live, DraftKings almost always nabs the top spot in terms of revenue.

DraftKings is about as close to flawless as a sportsbook can get. It has apps for iOS and Android, it’s optimized for mobile browsers, and it has an intuitive desktop interface. With plenty of sports and competitive odds, playing at DraftKings should be an easy choice for any bettor.

The only downside is that DraftKings sign-up bonus, a 20% deposit match up to $500, requires a hefty initial deposit to make it worth your while.

Check out the current bonus at DraftKings.

FanDuel

Available in: CO, IL, IN, NJ, WV, PA

FanDuel is another leading name in the sportsbook world. It’s owned by Flutter Entertainment (a company formed by merging Paddy Power and Betfair). Flutter is a driving force in the European gambling market, so FanDuel has the backing of an experienced corporation.

Like DraftKings, FanDuel has plenty to enjoy and very few faults. The app has some minor interface issues (sometimes pages load on the slow side), but generally FanDuel is a top-notch sportsbook. You can find plenty of US sports in addition to more niche offerings on international events.

Check out the current bonus at FanDuel Sportsbook.

FOX Bet

Available In: CO, NJ, PA

The biggest downside for FOX Bet is that it’s only available in three states. However, the company has big expansion plans, and you can expect the sportsbook to move into new markets in the coming months and beyond.

FOX Sports and The Stars Group (another major European company) run the FOX Bet brand in the US. With strong backing from leading gambling and media corporations, FOX Bet has a great chance to rise to the top of the sports betting industry.

FOX Bet is user-friendly and has lucrative sign-up bonuses: a 50% deposit match bonus up to $500 and a $500 risk-free bet, totaling a possible $1,000 bonus for new players. FOX Bet players can access the book via Android or iOS app plus desktop and mobile browsers.

BetRivers

Available in: CO, IN, PA, IL

BetRivers is the official online sportsbook from Rush Street Interactive.

BetRivers’ welcome bonus offers up to $250 as a deposit match with a minimal play-through requirement, and you’ll find odds similar to those on DraftKings. The company’s app is user friendly and easy to navigate, cementing it as a sports betting leader.

PointsBet

Australian operator PointsBet has one of the most intuitive, user-friendly apps on the market. PointsBet also has great odds on the underdog compared to competing sportsbooks. Add on a welcome bonus up to $1,000 in risk-free bets, and you have a strong sportsbook.

Other Online Sportsbooks

There are plenty of other sportsbooks on the market. Barstool Sportsbook, for example, is coming to a few states. William Hill is another big operator with a strong industry history. Every sportsbook has something to offer, so keep an eye out for special bonuses, competitive odds, and unique betting options.

How To Choose A Legal Online Sports Betting Site

You should look for a few key details when you’re choosing an online sports betting site.

Availability And Accessibility

First and foremost, is your preferred sportsbook actually live in your state? That’s the first factor you should consider. Fortunately, many sportsbooks are making their way to multiple markets.

Second, how do you want to bet? Phone, tablet, or desktop? Most sportsbooks have apps and desktop sites available, but you should always check that your preferred method is available. Take it one step further and check to see how intuitive the experience is. Sportsbook apps should be seamless and easy to use.

Sports And Odds

Do you prefer to bet on the underdog or the favorite? Do you like to bet on a niche sport outside of the most popular events? Check for these types of things at your sportsbook. Some sites, like PointsBet, tend to favor the underdog while some offer better odds on the favorite. Learn more about odds for the NFL and how to use an edge table.

Deposit and Withdrawal Methods

Most payment methods–credit/debit, PayPal, online banking, etc.–are standard across the board. But if you use a more obscure method like PayNearMe, you should be sure your preferred sportsbook accepts it.

How To Place A Bet At An Online Sportsbook App

Getting to the point where you can actually place a bet is usually very simple, but you do have to take a few required steps first.

Step 1: Choose A Sportsbook Site Or App

This may seem obvious, but given the growing market and the number of operators, choosing a sportsbook can be tough. Use the information on this page or visit our individual sportsbook reviews to help you choose one that’s legal in your state and best fits your tastes.

Once you’ve picked a sportsbook, you’ll want to access it via either desktop/mobile browser or by downloading the app. You can switch methods whenever you’d like, but for your first time pick one and stick to it to keep the process simple. If you’re playing on a desktop or a mobile browser, just head to the sportsbook’s website. To get the app, it’s slightly more complicated:

How To Download A Sportsbook App

Sportsbook apps have to adhere to strict regulations–not just from legislators, but from technology providers. Google and Apple have specific restrictions on gambling apps. To download a sportsbook app, you have to work with these restrictions.

For iOS device users, it’s pretty cut and dry. If your preferred sportsbook has an app in the App Store, just download it as you normally would.

Android users aren’t quite so lucky. Google prohibits all gambling apps from the Google Play Store, so you can’t get them from that marketplace. Instead, you can install the app straight from your sports betting provider’s website. Sportsbooks will have a convenient link on their site that kickstarts the download process. Once you select a few settings and install the app, you’re good to go.

Step 2: Create Your Account

Once you have the app or have visited the desktop site, create your account. This is similar to signing up for an account at a social media site or online shopping retailer with some small differences. You’ll provide:

Username and password (you will create these)
Name
Email address
Home address
Phone number
Date of birth
Last 4 digits of your SSN (to confirm your age/identity)

You may also need to download a separate geolocation app (pr plug-in for desktop users) to confirm your location whenever you wish to place a bet. You need to be in state lines

In-Person Registration

Some states require you to confirm your account in person before you can place a bet. Illinois and Iowa are among the states with this requirement. Once you register, you need to visit your chosen sportsbook’s land-based partner to complete registration, then you can place wagers.

Step 3: Deposit, Bet, and Cashout

App downloaded/desktop site bookmarked? Registration complete? Now you’re ready to make a deposit. There are a number of popular payment methods: credit and debit cards, prepaid cards, PayPal, online banking, wire transfer, and more.

Use the method you’re most comfortable with. In the app or on the sportsbook site, visit the cashier section from the menu (sometimes there’s an option to just select “deposit”) and follow the prompts to connect your preferred payment method. ACH echeck and PayPal are two of the easiest methods, but others work just fine, too.

After you deposit, you can place a bet. And when you’re ready to cash out, head to the cashier page again and select from the available options. These usually include check by mail, bank transfer, or PayPal.

How To Place A Sports Bet Using A Bonus Offer

Sportsbooks offer a few common bonus types that you can use to maximize your account value, especially your first few bets.

No Deposit Bonus

This one’s simple. Just register for an account and the sportsbook will credit your account with a small amount of money, usually between $5 and $25 (more if you’re lucky). No deposit required! It’s essentially a “thank you” bonus for signing up, and you can use the credit to place a bet.

Deposit Match Bonus

Deposit matches are simple in theory, but the terms and conditions can make them tricky to navigate. In their simplest form, deposit matches allow you to double your account value. For example, BetRivers offers a 100% first deposit match up to $250. Simply put, if you make an initial deposit of $250, they’ll credit your account with an additional $250.

Some operators match a smaller percentage. DraftKings does a 20% deposit match up to $500. To get the maximum match, you’d have to deposit $2,500.

Always check the terms–deposit matches usually only apply to your very first deposit. And before you can cash out the bonus money, you typically have to wager with it.

Risk-Free Bet

With a risk-free bet, you have a wagering safety net. These almost always apply to your first bet and then expire. Just place a bet, and if you lose, the sportsbook will credit your account with the amount you wagered. If you win, you keep your winnings. Risk-free bets often come with a maximum of $500 (this is the case at FanDuel and PointsBet).

Placing Sports Bets Online Legally

Using a legal, regulated sportsbook offers the safest, most secure sportsbook experience. Offshore/grey market sites are incredibly risky; they can shut down at a moment’s notice and they don’t use high-level security tools. Your data and personal information are at risk at an offshore site, making legal sites your best route to a safe sportsbook outing.

Why Should I Trust Online Sports Betting Sites?

You should trust online sports betting sites only if they are licensed and regulated. State government agencies oversee sports wagering, and they put strict regulations in place to protect players.

Each state has some sort of governing body for sports betting that grants licenses. Legal sites have licensing information easily available on their websites and within their apps. Click through the available links for more regulatory and legal information about your chosen sportsbook.

Is My Money Safe With Online Sportsbooks?

Yes. Legal online sportsbooks use high-level encryption tools. SSL is one such tool, and it protects your data, including financial information, from hackers as it travels from your device to your sportsbook. Regulated sports betting sites use technology on par with security tools used by banking institutions and online shopping sites.

Are Sportsbook Winnings Taxable?

In most cases, yes. States often set a threshold for taxable winnings. If you win a significant amount of money, you will have to pay income taxes on those funds. Laws vary by state, so check with your sportsbook’s support team or your state’s gaming oversight organization for more information.

Is My Personal Information Safe When Betting Online?

Yes. You’ll need to provide your social security number, location, and other info when you sign up for a sportsbook. Your data is encrypted before it’s sent to the sportsbook, and only the sportsbook’s systems can view it to confirm your age and identity.

The SSN and location requirements also stop hackers from creating dummy accounts in an attempt to steal information from sportsbooks.

Types Of Sports Bets

Sports bets can be a bit daunting for beginners, but they’re not too complicated once you get a grasp on the most common available wagers. Here are some of the most common bets at legal sportsbooks.

Moneyline, Point Spreads, And Totals

These three bets are often listed side by side and are commonly the first bets you’ll see for a given match-up.

Moneyline

Moneyline bets simply require you to choose a winner of a given match. The odds (which we cover below) on that match then determine how much you win if you chose correctly. If you see moneyline bets available, all you have to do is pick the team or player you expect to win.

Point Spreads

Point spreads are intended to even the playing field for a match. Instead of picking an outright winner, you’re betting on the margin of victory. Here’s an example of how a point spread bet might look:

Chicago Bears -3.5
Green Bay Packers +3.5

The 3.5 on both teams represents the margin of victory, and players have to decide whether the Bears will win by at least 3.5 points. After the game ends, if you selected the Bears and they won 24-20, you would collect on your bet because they won by 4 points. If the final score was Bears 21 Packers 20 and you selected the Bears, you would lose your bet because they did not win by at least 3.5 points.

Totals

If you’ve heard the term “over/under,” it’s likely been in reference to totals bets. Totals take the final combined total score of both teams in a match and have players bet on whether that score will be over or under a certain threshold. Using our example match-up above, it might look like this:

Bears vs. Packers, Over/Under 50.5

You would place a bet on either the over or the under. If the total points at the end of the game exceeded 50.5, the over wins. If the total is below 50.5, the under wins. If the score was 24-21, the total points would add to 45 and the under would be the winning bet.

Other Bet Types

You can find plenty of other bets at online sportsbooks, too. Each bet has its own advantages and disadvantages.

Parlays: you combine multiple simple bets into a single pool and you only win if every choice you make is correct. High payout potential, but harder to win than a single bet.
Futures: bet on a match occurring in the future. For example, betting on an NFL champion before the regular season begins. High risk, high reward.
In-Game/Live Betting: wager on events happening in a currently live match.
Proposition (Prop) Bet: wager on an in-game event not necessarily affecting the final score or outcome. For example: will Tom Brady score two passing touchdowns in the first half?

How To Read Sports Betting Odds

Odds determine how much you’ll receive if you bet correctly. To new bettors, they can be intimidating, but they’re easier to understand than they look at first glance.

How Odds Are Determined

Odds are first set by the likelihood of one outcome to occur over the other. You will almost always see a higher payout on an unlikely bet than a wager on the favorite of a match. Once the initial odds are set, they can change based on how many bettors are wagering on either side. This is to balance out the sportsbook’s earnings on each bet.

Odds could also change based on events outside of a game. For example, if a starting quarterback is unexpectedly benched due to an injury, the odds on that team to win could plummet.

Understanding Odds

At US sportsbooks, odds are displayed as positives and negatives. Let’s use a moneyline bet as an example and pretend once again the Bears are playing the Packers:

Bears +112
Packers -136

When a team has a negative number (Packers -136), it means that team is favored to win the match. A positive number (Bears +112) means that team is the underdog. These odds also determine payouts.

If you bet on the favorite (Packers -136), you would need to wager $136 to win $100. Negative odds essentially mean you need to bet that amount to win $100.

Betting on the underdog is slightly different. The +112 on the Bears means you would win $112 if you bet $100. Because the underdog is less likely to win statistically, the payout potential is better.

Find The Best Odds

If multiple sportsbooks are available in your state, peruse the available odds to find the best possible payouts. PointsBet, for example, usually offers great odds on the underdog while FanDuel tends to give better payouts on the favorite. These change frequently, so always check your options before you place a bet.

See our fullGuide To Sports Betting Odds.

Sports Betting Words To Know

Action	Having “action” is meant to indicate you have a vested interest in a match. If you placed a bet on a match, you could say you have “action” on that match.
Bonus	An added benefit or reward, usually given to new players as a thank you or to frequent players for crossing certain spending thresholds
Bankroll	The amount of money you’re willing to risk or bet at a sportsbook
Edge	An advantage, either real or perceived, that a bettor has over the sportsbook’s odds
Even Money	A bet with a 50-50 outcome, aka an even chance for either side to win
Handle	Number of bets taken by a sportsbook
Lines	Another term for point spread. A “line” is set on matches with a favorite and an underdog to make the outcome more even.
Live betting	Wagering on a game or match after it has already started.
Margin	The difference between the odds of a match and the true probability of the outcome.
Odds	Numbers assigned to bets meant to indicate the likelihood of specific outcomes.
Prop bet	A bet on an in-game event not likely to affect the outcome of the match. For example: Will Khalil Mack record a sack in the second half?
Push	Result of a tie between the bettor and the sportsbook. No money is won and no money is lost in a push, you keep your wager but receive no winnings.
Spread	Like “lines,” a spread is set to encourage bets on either side of a match-up by giving a point advantage to the predicted underdog.
Exotics	Exotics are less common bet types beyond point spreads, moneylines, or totals. Some might consider parlays or pro bets to be “exotic.”

Placing Online Sports Bets FAQ

How old do I have to be to place a sports bet online?

21. Regulated states require gamblers to be at least 21 years of age to place a bet. When you sign up for a sports betting account, you will provide your date of birth and the last four digits of your social security number to confirm you’re old enough to participate.

It’s difficult to say if there’s one frontrunner. DraftKings, FanDuel, BetRivers, PointsBet, and FOX Bet could all be considered the best for different reasons.

If you look at revenue by state, DraftKings is the undisputed leader in the sports betting arena. In terms of overall experience and app functionality, PointsBet gives DraftKings a run for its money. Bottom line: it comes down to personal preference.

Yes. There are plenty of sports betting apps available in Las Vegas, most of them operated by Sin City casinos. To place bets online in Nevada, you have to be within the state, which will be confirmed by geolocation.

Most regulated sportsbooks already have Super Bowl future bets available, so you can bet on your favorite team to win the big game.

For more specific Super Bowl bets like moneyline, point spreads, and totals, you’ll have to wait until the playing teams are revealed and odds are set.

Yes. College sports betting is allowed in almost every state that has legal sports betting. Some states have specific restrictions, though. In Illinois, for example, you can’t bet on any match that includes an in-state college or university. Regulated sportsbooks won’t offer bets that are deemed illegal in that specific jurisdiction, or they’d risk losing their license to operate.

Sports Betting Percentages Chart

Not across the board. In fact, most states completely ban betting on high school sports for fear of league corruption. High school sports are considered amateur events, and almost every regulated sports betting market prohibits amateurs betting.

In some states. Not every state allows election betting. Because the overturning of PASPA gave states the right to regulate sports betting on an individual basis, election betting availability varies widely. Some states have chosen to allow it while others bar it completely.

No. Currently, 12 states plus Washington D.C. have legalized and launched sports betting.