how to collect on a sports bet in vegas

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With less than two weeks to go before woodbridge favorites off-track betting south Breeders' Cup makes New Jersey the center of world sports betting head office horse-racing universe, its latest venue for off-track wagering is poised at the starting line. The sleek, high-tech "Favorites at Woodbridge," designed to buck the dingy image of storefront off-track betting parlors in New York, opens today for simulcast betting. The sprawling 23,square-foot facility assembled a dizzying array of screens, machines and entrees -- the restaurant's offerings range from the Breeder Cup Jumbo Burger to the New Zealand Rack of Lamb -- to attract an upscale clientele. Another OTW has been proposed for Toms River, but plans have stalled amid opposition from nearby residents.

How to collect on a sports bet in vegas how to collect on a sports bet in vegas

How to collect on a sports bet in vegas

Most wagers for football and basketball are made using a point spread. Baseball and hockey use a moneyline and also offer run or puck lines , respectively. Other events might offer straight odds for a winning wager. Here are the basic ways to wager on games, matches and events for each major sport. Point totals and alternatives are available for most moneyline and point spread sports.

Once a bettor chooses the sport they want to wager on, they will need to choose how they want to bet. In addition to the basic wager types, a variety of wagering options could be available for each event. Point Spreads — Most point spread wagers pay Some games will move to before the point spread changes.

These numbers pay the same thing but may be confusing to someone new to a casino sportsbook. When a bettor is paid they receive the amount of the winning bet plus the original wager. All sportsbooks in Nevada are created differently. The space devoted to a sportsbook in Nevada casinos depends on the size and customers of the individual property.

By nature, one would think that a larger casino would have a large sportsbook. Finding a sportsbook that meets personal preferences is important when choosing where to bet. Some gamblers prefer quick access to restaurants while others prefer the best viewing screens. Some gamblers want to watch the games on the best TV screens while others just want a place to bet and grab a drink.

Reading different sportsbook reviews will help casino guests find the most comfortable viewing experience. Serious sports bettors always look for the best Las Vegas odds when choosing a sportsbook. Not all Las Vegas sportsbooks offer the same betting odds. Some sportsbook operators are known for having the best Las Vegas odds while others are noted for having odds that are less favorable.

There was a day when shopping for the best Las Vegas odds was easy. The city was small and it was easy to walk from casino to casino to find the best odds. That changed as casinos grew and different sportsbook operators became more spread out around Las Vegas. A: No, many sportsbooks now offer mobile apps that can be used anywhere in Nevada. Have questions about sports betting in Las Vegas not covered above?

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Both drivers must start for action. For example, a matchup may pit Dale Jarrett minus against Bobby Labonte plus To bet on baseball, tell the ticket writer the bet number of the team you wish to bet and the amount you wish to wager.

If your team wins the game, you win. The payout varies according to the odds posted. Baseball odds are shown using a "Money Line. A "minus" - preceding the number indicates the team is a favorite. On Today's Line we use a different format, the idea is the same.

You will not find the odds for the Underdog. The Underdog's odds are based on what the casino has for its line. Most use a "Dime Line" or something close to that. Here are two more examples of a dime line and a cent line. See whether you can tell them apart. You can arrive at the underdog's price by looking at the favorite's line. Dime lines are slowly disappearing as sports books look to make a larger profit during what is traditionally the slowest betting season.

Several books still offer dime lines. Money lines change constantly. The listed money line the time you make your bet may be different from the money line when the game starts. The listed line on your ticket is your official odds, unless starting pitcher is changed. This is explained later. You may wager that the total score of the game will be more or less than the number listed. It makes no difference which team wins.

Simply add the final scores of each team. If either doesn't happen, the bet is refunded. A favorite must win by 2 runs or more, or the underdog must either: a Win the game. The payout varies according to the money line odds assigned to each outcome.

Note: Same rules apply to run line bets as totals. Baseball parlays are figured out by calculating the payout for the first game, based on the money line, then applying that amount to the next game, and so-forth. If a game is postponed for any reason, the parlay reduces by one team.

The bet is treated as if the postponed game were never included in the parlay. Simply ask the betting attendant at your favorite sports book what your payout would be before placing the bet. When making a baseball bet, you are betting team vs.

You have the option to specify that either or both listed pitchers must start the game. Since baseball odds are determined on starting pitchers, any late pitching changes often force an adjustment in the odds. This will increase or decrease the payout on a winning ticket. However, if you list starting pitchers, and your pitcher doesn't start, then the bet is refunded.

To bet on basketball, tell the ticket writer the bet number of the team you wish to bet, with the point spread, and the amount you wish to wager. The Point Spread: When betting on basketball, the team you bet on must "cover the spread. The point spread is always placed to the immediate right of the team that is favored. In this example, if you bet the Bulls, the Bulls must win by 4 points for you to win your bet.

If you bet the Lakers, any of the following will declare you a winner. If the Bulls win by exactly 3 points then the wager is declared a push and all money is refunded. Point spreads change constantly. The listed point spread the time you make your bet may be different from the point spread when the game starts.

The point spread that is listed on your ticket is your official spread. It makes no difference which team covers the spread. Simply add the final score of each team. You may combine several teams into one wager. Odds and the number of teams vary from casino to casino. The following are approximate odds:.

Any game that results in a push reduces the parlay one team. A two-team parlay would become a straight bet. This increases the probability of winning your bet but decreases the odds of the parlay. Odds and the number of points available to "tease" vary from casino to casino. To bet on boxing, tell the ticket writer the bet number of the boxer you wish to bet and the amount you wish to wager. Boxing odds are shown using a "Money Line. A "minus" - preceding the number indicates a favorite.

Tyson is favored to win the bout. Boxing matches often feature money line proposition wagers on knockouts, draws, rounds and the duration of the fight. Odds vary on each fight. To bet on football, tell the ticket writer the bet number of the team you wish to bet, with the point spread and the amount you wish to wager. The point spread: When betting on football, the team you bet on must "cover the spread.

If you bet the Dolphins, the Dolphins must win by 7 points for you to win your bet. If you bet the Jets, any of the following will declare you a winner. The listed point spread at the time you make your bet may be different from the point spread when the game starts. In some cases, bettors have the option to discard the point spread and bet on which team will win.

This is called betting on the "Money Line". Sports books offer a number of different cards, each one having different rules. Rules for parlay cards are placed on the back of each card. Read them carefully before wagering. The cards are simple to fill out. Simply darken the boxes, or circles, that apply to the teams you wish to parlay. Then darken the amount you want to bet. Sportsbooks offer bettors the opportunity to wager on the outcome of a season -- for example, which team will win the Super Bowl or the Stanley Cup or the American League East pennant.

This is known as "futures book" or "future book" betting. As an illustration, let's look at Super Bowl futures. For example, the Ravens may be , the Redskins , the Cardinals , etc. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl. When you make a futures bet, your odds are "locked in. Futures betting also is offered on the major events in horse racing, such as the Kentucky Derby and Breeders' Cup.

In horse racing futures, if your horse does not start the race due to injury or any other reason, you lose the bet -- there are no refunds. On the other hand, the odds on your horse racing futures bet also are "locked in," regardless of the horse's odds on race day. Some sportsbooks offer futures betting on unusual propositions, such as which major league baseball player will hit the most home runs in the regular season.

Note that in this type of wager, all bets are action regardless of injuries or other unforeseen events. This type of wager is typically found on pro football and major league baseball, and sometimes on pro basketball. If the Yankees go on to win 94 or more games, the "over" is a winner. If they win 92 or fewer games, the "under" is a winner.

If they win exactly 93, the bet is a push and tickets are refunded. Among Las Vegas gamblers, golf is considered one of the two fastest-growing sports to bet on auto racing is the other. The most basic form of golf betting involves picking the winner of a tournament. Typically a sports book will list 30 or more individual golfers along with a field all others option, at various odds.

Another popular form of golf betting involves matchup propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the oddsmaker. The golfer with the better lower score wins the matchup.

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A: Always check your ticket for accuracy before leaving the window! A: No, many sportsbooks now offer mobile apps that can be used anywhere in Nevada. Have questions about sports betting in Las Vegas not covered above? Sports Betting. Best Books. PJ Walsh. Download App. Follow PJ Walsh. Top Offers. Follow Us On Social.

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Placing my FIRST EVER $500 SPORTS BET on a SINGLE GAME! Nov 9 2019 Las Vegas Sports Betting Vlog

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Q: Where do I go to. Did you know it's possible to mail winning sports betting tickets to Las Vegas casinos for payment from outside the state of Nevada? PJ Walsh. As it should be, collecting your winnings from a sports bet is a fairly If you know you are not going to return to Vegas within days, or you just don't feel like.