Bet on Money lines
Bet on Money lines,
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Monday, November 9, 2009
how to bet on pro football games
how to bet on pro football games football betting arrives in Las Vegas has been involved in the sportsbook business in Las Vegas for the last 35 years so it's safe to say that he's seen it all. But even a guy with the veteran status of D'Amico has had an extra hop in his step this week, thanks to the new "In-Running" sports betting product that will be available for the 2009 NFL season at The Venetian, Palazzo and the M Resort Spa Casino.
"It's going to be very exciting, even for an old guy like me," laughed the Director of the M Resort's Race and Sportsbook as he made preparations for this Thursday night's NFL season-opener between Tennessee and Pittsburgh, which will be the first NFL game to offer the new "in-running" wagers. "This is the kind of thing that will really give the football season a shot in the arm. We're kind of going into unchartered waters with this, but I think it's going to be a lot of fun."
"In-Running" betting allows players to wager on live sporting events during the actual flow of the game. So once a game kicks off, you will be able to wager on things like who will win the game (with an adjusted money line as the score changes) and the over/under, as well as whether the current drive will yield a first down or result in a punt, field goal, touchdown or turnover. Bets will be made on whether a field goal that being set up will be good or whether or not the next play will gain 20 or more yards.
"It's really a phenomenal experience for the player," says D'Amico, a native of Brooklyn who has worked two different stints as the sportsbook director at Caesar's Palace and was also responsible for starting the book at the Plaza Hotel & Casino. "And the technology that's provided by Cantor Gaming is tremendous. It's really a credit to Lee Amaitis (President and CEO of Cantor Gaming).
"This is really a unique concept. And now that we're going to have it at two first-class Strip properties like the Venetian and Palazzo as well as here at the M, we're hoping it will bring a lot of new customers into our sportsbooks."
M Resort, which opened in March and is located in Henderson, about 10 miles south of Mandalay Bay, began offering "in-running" bets last spring during the NCAA basketball tournament. It then used it in the NBA Playoffs and Triple Crown horse races as well as the baseball season. But this is the first time it will be offered for football, which is, by far, the most popular sport to bet in Las Vegas. In addition to NFL games, "in-running" will also be available for select NCAA football games this season.
Here's how it works. The sportsbook at the M Resort has both mobile handsets and mobile gaming stations. On a typical Sunday, D'Amico and his staff will pick two games from the early card and two games for the late card as the games that will offer "in-running." In addition, the Sunday night and Thursday night games will always offer it. Players deposit a certain amount of money to wager with onto their mobile device and then as the game goes along, different wagers are posted. All wagers are made from the mobile devices so there is no rushing to the window to place a bet. The minimum bet is $10 and the max is $1,000.
At least two members of the sportsbook staff will be watching the games and posting lines as the action plays out, with D'Amico standing nearby to help make any tough decisions.
"We have all of the data and information that we need right in front of us so we can make a fair line on every wager," D'Amico explains. "To be honest, it's not as difficult as it would seem to be. We have the whole format down pretty good. We know what we're doing."
All of the lines posted by D'Amico and his staff at the M will be transported in real time to both The Venetian and Palazzo.
"The addition of 'in-running' is certainly going to enhance our sportsbook offering and be a huge hit with the many sports aficionados who spend time at our properties," said Robert Goldstein, president of the Las Vegas Sands-owned Palazzo and The Venetian. "We are constantly looking for opportunities to add new and exciting amenities to our overall guest experience and this is the type of 'only in Las Vegas' concept that helps differentiate The Venetian and Palazzo from other properties on the Strip, and also demonstrates the true uniqueness of Las Vegas and why there is no city in America quite like it."
While The Venetian and Palazzo will be the only sportsbooks on the Strip to offer "in-running" this football season, D'Amico said the popularity of the new concept may help it proliferate to other books in the very near future.
"Las Vegas and the sportsbook industry in particular have always had a 'walk before you run' type of attitude," he says. "This something new and different and I think a lot of the other properties are taking a wait and see approach. But once they see how successful it's going to be for us, I wouldn't be surprised to see some of them start to offer it next season, or even later this season.InstructionsStep 1Know what you're looking at. If you're at the casino and you want to make a wager on the upcoming New York Giants vs. Philadelphia Eagles game, you'll probably see something like this:New York -3.5 -150 1:00 pmPhiladelphia +3.5 +180 46The first number, the fraction, indicates which team is favored to win. Whichever team has the negative number is the team “giving” points to their opponent, making them the favorite. The second number is the straight up, or what is referred to as the “money line” bet. The third number, found underneath the time, tells you the over-under. This is the prediction of how many total points will be scored by both teams at the end of the game. The bottom team, in this case Philadelphia, is the home team.
Step 2Learn what an 11-10 bet is. All this simply means is that for every $11 one bets, he can win $10. These bets are mostly used for spread and over-under wagers. For example, if I bet $110 that the Giants will cover the spread and they do, I would win $100 more, for a total of $210.
Step 3Understand the spread and what it means. The point spread indicates how much a certain team is supposed to win by. In the above example, New York is giving away 3-1/2 points. This means that if you're picking New York to win, they must win by 4 points to “cover the spread.” To fully understand this, pretend the game has begun with the spread in play. At kickoff, the score would be:Philadelphia 3.5New York 0This means that you should only put money on New York if you believe they're going to win the game by more than 3 points. If you think that Philadelphia will lose by three points or less or that they'll win the game, you should place your wager on Philly.
Step 4Know what you have to wager for the “money line” bet. The money line is one way in which the casinos make their money. Since New York is at -150, you would have to bet $15 in order to win $10 (a total of $25). Because Philadelphia is +180, you would win $18 for every $10 you wagered.
Step 5Understand the over-under and how much you have to wager. The over-under is possibly the most simple wager you can make on the football game. In the above example, the over-under is 46. If you bet the under, you're saying the total score of the football game will be under 46 points. Placing a wager on the over means you believe the final score will be over 46 points.
Step 6Find out the parlay options for the casino. A parlay bet is when you bet that more than one event will occur. In other words, you would wager on more than one game and have to win all of those bets to win money. The advantage to this is that the odds are greater and thus pay out more. The disadvantage, of course, is that parlay bets have a greater chance of failing, since you're wagering on more than one game. Different casinos pay out differently for parlays, so find out if it's worth your money before you consider one of these bets. http://www.enterbet.com - Learn how to place a Football Bet at your comprehensive guide . like you who have discovered how easy it is to bet on football games from
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Thursday, April 24, 2008
Money line betting
NFL Moneyline betting online - Bet on NFL and College football with a money line। We also have Super Bowl betting, AFC betting lines, college football Betting the money line in the NFL by Wunderdog. ... Also, since you win more than you bet when picking dogs with the money line, you have to win a मच Understanding the function of sports betting money lines is basic sports gambling knowledge you can learn about at Pregame.com. College and NFL football In money line betting, the bookie realizes that more people are going to wager on the ... Money line betting is generally offered on all sporting इवेंट्स Understanding Point SpreadsUnderstanding Money LinesUnderstanding ... Football Betting (14) More money is wagered on football than in any other sport
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Thursday, September 6, 2007
Bet on Money lines
Betting the NFL Money Line Should you play the NFL money line? How profitable can it be? How is the money-line used in baseball? Some answers inside... Advertisment
While seasoned gamblers understand the money-line, many sports bettors do not understand this betting option and the huge potential benefits associated with using it. This article will describe the money-line and how it can be used to risk a little and win a lot in the NFL.
What is the Money-Line?
Playing the money-line is equivalent to picking a team (favorite or underdog) to win the game straight-up. For this bet, there is no spread. If the team you pick wins the game outright, you win your bet. If the team loses, you lose the bet. And there is no juice or vig (although the odds you get have casino profit built in).
I know what you're thinking - just pick the favorite each time and laugh all the way to the bank! Well, it's not that simple. If this bet paid even money, you would simply pick the favorites each week, win more than 50% of your bets, and retire young. That's why, of course, this bet doesn't pay even money. If you select a favorite to win straight up, you need to put down more than you can win. If you select an underdog, you need to put down less money than you can win. Let's look at a couple of examples:
Example 1: Miami Dolphins -3 over Minnesota Vikings
For this game, the sports book has set the Money Line at -180 for Miami and +150 for Minnesota . That means that if you want to bet Miami to win straight up, you would need to lay $180 to win $100. If you want to take Minnesota to win straight-up, you would lay $100 to win $150.
Example 2: Buffalo Bills +6.5 over Green Bay Packers
For the second game, the bookmaker has set the money at -300 for the Pack and +230 for Buffalo . The larger numbers reflect the larger spread. If you can pick a 6.5 point underdog to win straight-up, you would win $230 for a mere $100 bet.
Risking a Little to Win a Lot
What you may have noticed is that if you can successfully pick underdogs to win straight-up, you can win a lot of money without risking nearly as much. I like this fact about the money line. And, if you combine money-line picks into parlays, you can really hit the jackpot with a small investment. For example, if we parlayed Minnesota and Buffalo with the money-line in the above example, a $100 bet would yield $725 in winnings. Throw in a third team (say, the Giants at +4.5) and a $100 bet would win $2,169.
Obviously, it is harder to pick underdogs to win straight-up, right? Yes, but maybe not as hard as you initially think. The spread only comes into play about 84% of the time in the NFL. In other words, the team that wins the game doesn't cover the spread only 16% of the time.
Also, since you win more than you bet when picking dogs with the money line, you have to win a much smaller percentage of your games to break even. The particular percentage depends on the spread in the games you pick (the higher the spreads, the fewer games you need to win since the money line pays more for higher spread dogs).
For example, let's imagine over the course of the season you were to pick 100 three-point underdogs to win straight-up at a money line of +150. In this scenario, you would only need to win 40% of those games to break even. On the 60 losses, you would of course lose 60 units (there is no juice on money line bets). On the 40 winners you would win 60 units (1.5 x 40).
If you were to pick one hundred 6.5-point underdogs to win straight-up at a money line of +230, you would only need to win about 31% of your bets to break-even.
So, there is an opportunity to do well with the money-line if you can select enough dogs that win straight-up.
What it All Means
This season, consider using the money-line to your advantage. If you like an underdog and think they have a shot at winning the game outright, you might be better off putting that $100 on money-line for your team. If they win straight-up, you'll rake in a lot more profits than if you had just bet them to cover the spread. If you aren't sure, split your bets and put $50 on the dog to win straight-up and $50 to cover the spread. If the team covers the spread but doesn't win the game, you break-even. If they win the game, you win both bets!
The Money Line in BaseballKansas City +135 vs. DetroitNY Yankees -250 vs. Colorado
What do these numbers mean? They represent the "money-line" and they are used as a way to take into account that some teams are better than others. If both teams in a contest were exactly evenly matched, then you could simply bet $100 on either team, and if they won, you'd get paid $100. If they lost, you'd lose your $100.
But, as you know, in each contest there is usually a "favorite" (think Yankees) and an "underdog." If it were always a $100 for $100 proposition, you'd simply bet the favorite all of the time and rake in the cash. So, to account for this, the lines-makers set a moneyline. It usually ranges from between +300 to -300. Let's take an example:
New York Yankess (-250) vs. Colorado Rockies
In this case, NY is a favorite and Colorado is an underdog. If you want to bet with the Yankees, you need to bet (risk) $250 to win $100. So, if you bet $250 on the Yankess to win the game, you'd win $100 if they actually won and you'd lose your $250 if they lost.
On the other hand, if you liked the Rockies to win, you'd bet $100 to win $250. If you lost, you'd lose your $100 but if you won, you'd win $250 for your $100 bet.
Because of these numbers, many bettors don't like to bet big favorites and prefer to stay with low-priced favorites or underdogs। Buffalo with the money-line in the above example, a $100 bet would yield $725 in ... So, to account for this, the lines-makers set a Moneyline you have the ability to bet the money line in different ways to protect your investment। ... Run lines. A run line is the closest thing you can get to a features online football betting on NFL football odds, NBA basketball, MLB ... bet $55 on the Raiders with a money line of -110 while the Jets have a money
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