How to Bet on Sports in Vegas
For a newcomer, the idea of betting in the largest casino city on the planet can seem like a very daunting task indeed. Well, fear not. This small guide aims to give you a slightly more informed look into the world of Vegas sports betting and show you exactly what to do and how to bet when you’re there. By the end of this article, you’ll be desperately rushing to the airport trying to book yourself tickets on the next flight to Nevada!
Auto racing has exploded in popularity within the last few years and the attraction around it continues to grow, making auto racing a necessary field of betting when in Vegas. The structure of betting on auto racing is similar to the structure of betting on golf. That means that the most basic wager simply requires you to pick the winner of a race. Usually, sportsbooks list around 20 or more individual racers along with a field option (the other drivers on the grid). These have various odds, of course, depending on the event and driver notoriety/track record.
A simple example of how auto-racing betting works is as follows:
Jeff Gordon could be listed at 4-1 odds; Burton at 15-1, and Casey Atwood at 100-1. Let’s say you bet $10 on Burton at 15-1, and he wins the race, you would win $150, as well as get your $10 back, thus earning a total payout of $160.
Some venues in Vegas also offer auto racing matchup propositions where two drivers are pitted against each other in a sort of head-to-head wager and a betting line is applied to each driver by the oddsmaker. The driver who has the better finish at the end of the race wins the matchup.
Some sportsbooks venues in Vegas can also post some unusual auto-racing propositions. One such unusual proposition is the over/under on the number of cautions that occur during the race. Another unusual proposition is which car manufacturer (Dodge, Ford, etc.) will end up winning the race. Betting lines can easily be found on NASCAR races and can be found on other open-wheel circuits.
Another incredibly popular sport in the Vegas sportsbooks, as well as in the United States as a whole, is baseball. To bet on baseball, simply tell the ticket writer at the venue which team you wish to bet on (via a corresponding team number posted at the venue) then tell him or her the amount that you wish to wager. Simply put, if the team you have wagered on wins the game, you win. The payout will, of course, vary in value depending on the odds that have been posted by the particular venue.
Baseball odds are usually shown by using a “money line.” The money line is as follows:
The odds for a game are based on a $1 value. A minus sign (-) before the team number indicates that the team is a current favorite. A plus sign (+) before the team number indicates the team is currently viewed as an underdog.
“Dimelines” are sometimes used by some sportsbook venues in Vegas, but they are rapidly getting phased out because sportsbooks want to make a larger profit in what is usually considered the slowest betting season of the year. However, several sportsbooks do still offer dimelines, so you should make sure you know which line your chosen venue is using.
Baseball betting can be much more complicated depending on what you choose to bet on, such as over/under and baseball parlays. Therefore, make sure that you do your homework and take a thorough look through the various different rules of play if you wish to bet on anything other than a specific team winning a specific match or event.
Betting on basketball is, in essence, very similar to betting on baseball. Simply tell the ticket writer at your chosen venue the number of the team that you wish to bet on and the amount you wish to wager.
The payout is usually set at the odds of 10/11, meaning that a wager of $11 would gain you $10 and grant you a return of $21 overall. Where baseball and basketball betting differ, however, is in the area of a point spread. If you decide to bet on basketball, you must also tell the ticket writer at your chosen venue the point spread of the team that you have chosen. The point spread is a term used to indicate the number of points a team can either win or lose by. It’s usually a specific and predetermined margin. This whole process, betting on a specific team, point spread, and game, is known as a straight bet – the common term in the world of sports betting and is a term that you should remember if you wish to make bets of any sport.
The Best Places to Bet on Sports in Vegas
There are a vast number of sports-betting locations in Vegas, as to be expected. One of the best is Lagasse’s Stadium at The Palazzo Las Vegas. This venue offers fine dining, the best possible service and an exceptional drinks menu to top it off. There are plenty of screens to watch the sports on which you have wagered. Another top pick is the Sportsbook at Caesars Palace. This venue provides screens at every table and has huge 50-inch plasma screens sitting high on the walls, letting you sit back and relax while you watch your favorite sports unfold before your eyes. Situated right next to the poker room, you can easily go between them to play a little poker while you watch your bet come to fruition.
Hopefully, this small guide has given you some insight in how to place a sports bet in Vegas and, hopefully, you can take this knowledge with you should you ever happen to be in the greatest casino capital of the world. You might as well try and make a little more money while you’re there!
Sandra is a manager working in big pharma who loves a good thrill. Excessive travel to poorer parts of the world meant that she was forced to limit her land-based casino visits to once or twice a year. Then she discovered the online casino universe. Since then she has been transformed into a real money online slots nut with a passion for learning how to take advantage of online casino perks. Sandra is a regular contributor to Rick’s Picks.
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