Sports Betting

Discussion about gambling in Atlantic City
jetermacaw
VP Veteran
Posts: 779
Joined: Fri Nov 09, 2012 9:04 am

Re: Sports Betting

Post by jetermacaw »

I’m in the same boat, it seems simple but could someone please explain the money line in an even more simplistic way. Thanks in advance.

DaBurglar
Video Poker Master
Posts: 4535
Joined: Thu Jun 16, 2011 12:11 pm

Post by DaBurglar »

Moneyline betting is simply a customer betting straight up, no point spread involved, who will win any given game or contest. However, the casinos structure the moneyline bet payout to compensate for the fact there is no point spread for them to manipulate. Example:

A football game between the heavily favored Patriots and the underdog Bills features a moneyline that reads

Patriots -220
Bills    +130

This means that a customer must bet 220 bucks to win 100 on the Pats, and a 100 dollar bet on the Bills wins 130...the difference in payouts takes into account the fact one team is considered superior to another. This applies to any sport where moneyline is used to bet...if two teams are considered very similar or equal, then you will see moneyline very close to Even or with only slight differences.

As is the case with all types of casino betting, however, the casino always deducts its fee, or "vig" (I hate that term or word!)

I hope this clears things up a bit.

Tedlark
Video Poker Master
Posts: 7159
Joined: Mon Oct 02, 2006 12:29 am

Post by Tedlark »

I read today that Caesars opened a sports book in Atlantic City and they're getting ready to soon open another tomorrow.

The article also mentioned that MGM Resorts has reached an agreement with Boyd Gaming that will open markets for both of them to offer sports betting and online wagering in 15 states where they operate casino-resorts. States specifically mentioned were: Indiana, Iowa, Kansas, and Louisiana. They said the other locations were pending upon closure of planned casino purchases.

FAA
Video Poker Master
Posts: 6935
Joined: Wed May 28, 2014 11:58 am

Post by FAA »

I heard Harrah's AC. In any event, this is a vice to shun. I'd rather squander my money while being the participant player, not a hapless armchair observer.

FAA
Video Poker Master
Posts: 6935
Joined: Wed May 28, 2014 11:58 am

Post by FAA »

In DB's example, the Patriots gambler would receive $320 upon their triumph, correct? Asking for a friend!

billryan
Video Poker Master
Posts: 4395
Joined: Thu Jan 15, 2009 1:20 pm

Post by billryan »

Yes, your original bet ($220) is returned with your winnings.
In Nevada, and especially on line, with so many different places offering different odds, it is sometimes possible to sometimes find lines at two places that give you a guaranteed win. It's a lot of work finding these games but very rewarding when you do. Having teammates makes it much easier to accomplish.

advantage playe
Video Poker Master
Posts: 1634
Joined: Sat Oct 21, 2017 11:38 am

Post by advantage playe »

arbs are tough to find and v short lived.if u have an MBA, that stands for massive bank account and are v quick you will do wonderfully!!!!

billryan
Video Poker Master
Posts: 4395
Joined: Thu Jan 15, 2009 1:20 pm

Post by billryan »

Few and far between but evidently worth the hunt.

advantage playe
Video Poker Master
Posts: 1634
Joined: Sat Oct 21, 2017 11:38 am

Post by advantage playe »

yes!!

FAA
Video Poker Master
Posts: 6935
Joined: Wed May 28, 2014 11:58 am

Post by FAA »

I'm all for sports betting. The lounges are such comfortable hang outs. No wager required! Thanks, AC.

Post Reply