DES PLAINES, IL (March 2, 2020) - Don't understand your over-under from your moneyline and puzzled about how to parlay your interest in sports with putting a bet at a recently legislated Illinois sportsbook? Fear not. At Rivers Casino Des Plaines' soon-to-be-open BetRivers Sportsbook, resident professional Ross Sansone is making it easy for you.
"The sports betting terms can frighten even the biggest sports fan, however with a couple of pointers, you can have a great deal of enjoyable and win some cash-- and you do not even need to bet versus your preferred team, even if they are the underdog," Sansone said.
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As Illinois gets ready for sports betting to start in time for college basketball's "March Madness" tournament, BetRivers' Sansone, known to some as "Rivers Ross" is offering a "Sports Betting 101" outline of the fundamentals for each bet that can be made and definitions of common terms.
Sansone says there are 4 main kinds of bets that Illinois homeowners will be able to make.
1. Moneyline
"A wager on the moneyline is one of the a lot of basic bets you can make. It's as easy as choosing the winning team," he stated. The favorite group is the group anticipated to win. This side of the bet is typically denoted with a minus "-" sign. The underdog group on the moneyline is the group that's anticipated to lose, usually noted with a plus "+" sign. The indications assist you quickly find out how each side will pay, if that side wins: The minus sign indicates the payout will be less than the initial bet, the plus implies the payout will be more than the initial bet. Reading the odds for a money line bet is easy. If a group is +120, this means they are the underdog. If that group wins, your $100 bet will win you an extra $120. If a group is shown -160 that means they're a preferred (expected to win). You'll require to make a $160 bet to be paid $100 in payouts if that group wins.
Example: The Chicago Bears are playing the Green Bay Packers and the Packers are preferred to win at -120. If you decide to bet for the Packers, and you desired to win $100, you would need to bet $120.
2. Point Spread
"A point spread bet has actually ended up being more and more popular. When you bank on the point spread, it isn't on who will win or lose. It's a bet on how much the win or loss will be," said Sansone. Similar to a moneyline bet, the "+" sign represents the underdog group and the "-" represents the preferred group. But in a point spread bet, another number is added. That is the variety of points a team needs to win by for you to win your bet. There is usually an additional number in parentheses that informs you what the payout will be if you win.
Example: If the Chicago Bears are the 8.5 favorite (-8.5) over the Detroit Lions (+8.5 ), possibly you wish to position a $100 bet on Chicago winning and covering the spread. In this hypothetical video game, if Chicago wins by 9 points the Bears would not just win the game, but you would win your bet. If the Bears only win by 6 points-maybe due to the fact that they "double-doinked" a basket in the closing seconds-you would lose your point spread bet. "When you hear somebody say 'my group didn't cover,' they are referring to losing a point spread bet," he stated.
3. Over/Under
An Over/Under bet is a wager on the combined overall number of points scored by both teams in a video game. That's why it's typically called a "totals" bet. "You're simply trying to anticipate whether the total points scored in a video game will be higher or lower than a set number. It's an interesting way to bet on the action of a game without selecting a winner or loser," Sansone added. Reading the chances for an over/under, or "overall" bet is easy. When the over/under is set for the Bears vs. Packers game at 37.5 and the combined score of both teams adds up to 38 or more, the "over" wins. If the overall is 37 or less, the "under" wins. A distinct element of an over/under bet, according to Sansone, is you can have a tie. "Occasionally, the total is set as an entire number. Using the Bears vs. Packers example once again, if the over/under is 38 and the combined point total for the Bears and the Packers is 38 you have what is called a "push"-- or a tie-- and you get your cash back."
4. Parlay
This is a single wager that connects together 2 or more individual bets. If any of the bets in the parlay lose, the entire parlay loses. But if all the linked bets win, the parlay wins - and the payments can be big. "It's an example of higher danger for greater benefit," stated Sansone.
Vernacular
Sansone said you might hear fellow sports book consumers utilizing insider-sounding terms. "At the sportsbook and often on sports radio you'll hear individuals use this language to sound like they are in-the-know," he said.
A few of those phrases consist of:
● Bad Beat: Losing, frequently as an outcome of a last 2nd score.
● Bankroll: The cash you have at your disposal with which to bet.
● Betting line: The odds used to determine the payout of wagers, for instance, the lines move as bets are made and group news like injuries are reported.
● Dime: A $1,000 bet.
● Favorite: The side expected to win a sporting event.
● The dog: The underdog, or group anticipated to lose.
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● First-Half Bet: A wager on the very first half of a sporting event just, and not the outcome.
● Prop bets: Increasing in popularity, this can be anything from the result of the coin turn at the Super Bowl to the variety of goals Kansas City Quarterback Patrick Mahomes will toss today.
"Sports betting has its own language, however don't get captured up in what other individuals say. These easy pointers-- in addition to only betting what you can afford to lose from your bankroll-- should help you have fun at the BetRivers Sportsbook or at other sportsbook areas," Sansone said.
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Responsible Gaming Rivers Casino is dedicated to make responsible video gaming a concern and takes this issue extremely seriously. While numerous have the ability to gamble properly, there is a small portion of the population who can develop a serious, often uncontrollable gambling issue. This can affect individuals of any age, earnings, gender or race at any time.
To secure them and others affected by their habits, Rivers Casino developed a set of policies and standards which handle issues such as underage betting, problem betting, accountable marketing, and incorrect use or abuse of alcohol.
Rivers Casino utilizes a number or methods to promote responsible gaming consisting of:
● Employee education and training programs
● Self-exclusion policies
● Detailed written treatments to recognize and handle these concerns
● Use of outdoors specialists
● Customer and staff member education and awareness
● Self-restrictions for check cashing, credit and mail/promotional offers
● Monitoring and determining compliance with results of these programs
Please gamble properly.
Gambling problem? Call 1-800-GAMBLER.
About Rush Street Gaming
Founded by Neil Bluhm and Greg Carlin, Rush Street Gaming and its affiliates, headquartered in Chicago, Illinois, have developed and run effective casinos in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago location) and Schenectady, New York City. Rush Street Gaming and its affiliates has ended up being one of the leading casino designers in the United States and operators of online gambling establishments and sports books. Additional information at: www.rushstreetgaming.com
About Rivers Casino Des Plaines
Rivers Casino Des Plaines is the most successful gambling establishment in Illinois and jointly owned by Rush Street Gaming and Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN). CDI is an industry-leading racing, online wagering and gaming entertainment company anchored by its flagship occasion - The Kentucky Derby. The business owns and operates 10 local video gaming centers in eight states, along with Arlington International Racecourse in Arlington Heights. ABOUT RUSH STREET INTERACTIVE Founded in 2012, Chicago-based Rush Street Interactive (RSI) released its first wagering website, .com, in New Jersey in September 2016. The company subsequently made history by ending up being the first operator in the United States to use a completely integrated online sportsbook and casino. In addition, RSI was the very first company to release legal online sportsbooks both in Pennsylvania (PlaySugarHouse.com) and Indiana (BetRivers.com) as well as being the first to open a legal sportsbook in the state of New York (@ Rivers Casino in Schenectady). RSI also runs in-casino sportsbooks at Rivers Casinos in Pittsburgh & Philadelphia, and most recently, at the historic French Lick Resort in Indiana. BetRivers.com is likewise the exclusive authorities sportsbook partner for the Philadelphia Flyers & Wells Fargo Center. RSI was the very first US-based video gaming operator to introduce a legal and regulated online sportsbook in Latin America (Rushbet.co in Colombia). Rush Street Interactive is also the developer and operator of a leading social video gaming platform presently deployed at the group's associated land-based gambling establishments and chosen third party partners. Rush Street Interactive was named "Mobile Operator of the Year" in North America at the EGR The United States And Canada Awards 2019 and "American Operator of the Year" & "Casino Operator of the Year" at the American Gambling Awards in 2019. To learn more, go to rushstreetinteractive.com. About Churchill Downs Incorporated Churchill Downs Incorporated is an industry-leading racing, online wagering and video gaming home entertainment business anchored by our iconic flagship event - The Kentucky Derby. We own and run Derby City Gaming, a historic racing machine center in Louisville, Kentucky. We also own and operate the largest online horse racing wagering platform in the U.S., TwinSpires.com, and we run sports wagering and iGaming through our BetAmerica platform in numerous states. We are likewise a leader in brick-and-mortar gambling establishment gaming with around 11,000 slot machines and video lottery terminals and 200 table video games in eight states. Additional details about CDI can be discovered online at www.churchilldownsincorporated.com.
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News Release: Sports Betting 101
Deloras Colmenero edited this page 2025-06-28 23:57:23 +08:00