So suppose the Cavs edge the Bucks 93-90. If they only win by 3, then someone betting on the Cavaliers would lose their wager.' That means that Cleveland has to win by three and half or more points. 'For example, let's say the Cleveland Cavaliers are playing the Milwaukee Bucks, and the Cavaliers are a 3.5-point favorite. 'A point spread is a number of points by which one team is favored over the other,' Salerno explains. 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). There are a few basic ways to bet on the result of a game. What are the point spread and the money line? Joining us to cover some ground is Vic Salerno, a pioneering Nevada sportsbook executive and current President of US Bookmaking and US Fantasy Sports.

Start by doing some research online, learning a bit of sports betting terminology and about types of wagers available at sportsbooks. 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. You've walked into a sportsbook, you're staring at a wall of orange and green letters and numbers and it looks like hieroglyphics. With that in mind, let's look at sports betting basics. 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. 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. You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browserįollowing 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.

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