DES PLAINES, IL (March 2, 2020) - Don't know your over-under from your moneyline and puzzled about how to parlay your interest in sports with positioning a bet at a freshly legalized Illinois sportsbook? Fear not. At Rivers Casino Des Plaines' soon-to-be-open BetRivers Sportsbook, resident specialist Ross Sansone is making it basic for you.
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"The sports wagering terms can daunt even the biggest sports fan, but with a few pointers, you can have a great deal of fun and win some money-- and you do not even need to bet versus your preferred group, even if they are the underdog," Sansone stated.
As Illinois prepares for sports betting to begin in time for college basketball's "March Madness" tournament, BetRivers' Sansone, understood to some as "Rivers Ross" is supplying a "Sports Betting 101" summary of the essentials for each bet that can be made and meanings of typical terms.
Sansone states there are four primary kinds of bets that Illinois locals will be able to make.
1. Moneyline
"A wager on the moneyline is among the many fundamental bets you can make. It's as basic as choosing the winning team," he stated. The favorite group is the group anticipated to win. This side of the bet is generally represented with a minus "-" sign. The underdog group on the moneyline is the team that's expected to lose, normally listed with a plus "+" sign. The indications assist you rapidly figure out how each side will pay, if that side wins: The minus sign implies the payout will be less than the initial bet, the plus means the payout will be more than the initial bet. Reading the odds for a money line bet is simple. If a team is +120, this implies they are the underdog. If that team wins, your $100 bet will win you an additional $120. If a group is revealed -160 that suggests they're a favorite (expected to win). You'll need to make a $160 bet to be paid $100 in winnings if that team wins.
Example: The Chicago Bears are playing the Green Bay Packers and the Packers are favored to win at -120. If you decide to wager for the Packers, and you wished to win $100, you would have to bet $120.
2. Point Spread
"A point spread bet has become 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," stated Sansone. Similar to a moneyline bet, the "+" sign represents the underdog team and the "-" represents the preferred group. But in a point spread bet, another number is added. That is the variety of points a team requires to win by for you to win your bet. There is typically an additional number in parentheses that informs you what the payment will be if you win.
Example: If the Chicago Bears are the 8.5 preferred (-8.5) over the Detroit Lions (+8.5 ), possibly you desire to put 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 only win the video game, however you would win your bet. If the Bears just win by 6 points-maybe because they "double-doinked" a basket in the closing seconds-you would lose your point spread bet. "When you hear someone state 'my team didn't cover,' they are describing losing a point spread bet," he stated.
3. Over/Under
An Over/Under bet is a wager on the combined total variety of points scored by both groups in a game. That's why it's often called a "overalls" bet. "You're simply trying to anticipate whether the total points scored in a game will be higher or lower than a set number. It's an exciting method to bank on the action of a video game without choosing a winner or loser," Sansone included. Reading the odds 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 groups includes up to 38 or more, the "over" wins. If the total 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 overall is set as a whole number. Using the Bears vs. Packers example 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 money back."
4. Parlay
This is a single wager that connects together two or more private bets. If any of the bets in the parlay lose, the whole parlay loses. But if all the linked bets win, the parlay wins - and the payouts can be substantial. "It's an example of higher risk for greater benefit," said Sansone.
Vernacular
Sansone stated you may hear fellow sports book customers utilizing insider-sounding terms. "At the sportsbook and often on sports radio you'll hear individuals use this language to seem like they are in-the-know," he stated.
Some of those phrases consist of:
● Bad Beat: Losing, typically as a result of a last second rating.
● Bankroll: The money you have at your disposal with which to wager.
● Betting line: The chances utilized to identify the payout of wagers, for example, 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 occasion.
● The canine: The underdog, or group anticipated to lose.
● First-Half Bet: A wager on the very first half of a sporting occasion just, and not the outcome.
● Prop bets: Increasing in appeal, this can be anything from the result of the coin turn at the Super Bowl to the number of goals Kansas City Quarterback Patrick Mahomes will throw today.
"Sports wagering has its own language, however do not get caught up in what other people say. These simple pointers-- in addition to just betting what you can pay for to lose from your bankroll-- must help you have fun at the BetRivers Sportsbook or at other sportsbook places," Sansone stated.
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Responsible Gaming Rivers Casino is devoted to make responsible gaming a top priority and takes this problem really seriously. While lots of are able to bet properly, there is a small part of the population who can develop a serious, often unmanageable gaming issue. This can affect persons of any age, earnings, gender or race at any time.
To protect them and others by their behavior, Rivers Casino developed a set of policies and guidelines which handle problems such as underage betting, issue betting, responsible marketing, and improper use or abuse of alcohol.
Rivers Casino uses a number or techniques to promote responsible gaming including:
● Employee education and training programs
● Self-exclusion policies
● Detailed written procedures to determine and manage these issues
● Use of outside specialists
● Customer and staff member education and awareness
● Self-restrictions for check cashing, credit and mail/promotional offers
● Monitoring and measuring compliance with outcomes of these programs
Please gamble properly.
Gambling issue? 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 actually established and operate effective casinos in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago area) and Schenectady, New York City. Rush Street Gaming and its affiliates has become one of the leading casino designers in the United States and operators of online casinos and sports books. Additional information at: www.rushstreetgaming.com
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About Rivers Casino Des Plaines
Rivers Casino Des Plaines is the most effective 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 video gaming entertainment company anchored by its flagship event - The Kentucky Derby. The company owns and runs 10 regional video gaming centers in 8 states, in addition to Arlington International Racecourse in Arlington Heights. ABOUT RUSH STREET INTERACTIVE Founded in 2012, Chicago-based Rush Street Interactive (RSI) introduced its very first betting site, PlaySugarHouse.com, in New Jersey in September 2016. The business subsequently made history by becoming the first operator in the United States to provide a completely integrated online sportsbook and casino. In addition, RSI was the very first business to launch legal online sportsbooks both in Pennsylvania (PlaySugarHouse.com) and Indiana (BetRivers.com) in addition to being the very first to open a legal sportsbook in the state of New york city (@ Rivers Casino in Schenectady). RSI also runs in-casino sportsbooks at Rivers Casinos in Pittsburgh & Philadelphia, and most recently, at the historical French Lick Resort in Indiana. BetRivers.com is likewise the special official sportsbook partner for the Philadelphia Flyers & Wells Fargo Center. RSI was the very first US-based video gaming operator to release 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 released at the group's affiliated land-based gambling establishments and selected 3rd 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. For more details, visit rushstreetinteractive.com. About Churchill Downs Incorporated Churchill Downs Incorporated is an industry-leading racing, online wagering and video gaming home entertainment company anchored by our iconic flagship event - The Kentucky Derby. We own and run Derby City Gaming, a historical racing maker facility in Louisville, Kentucky. We also own and run the largest online horse racing betting platform in the U.S., TwinSpires.com, and we operate sports betting and iGaming through our BetAmerica platform in numerous states. We are also a leader in brick-and-mortar casino gaming with roughly 11,000 slots and video lottery terminals and 200 table video games in 8 states. Additional details about CDI can be found online at www.churchilldownsincorporated.com.
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News Release: Sports Betting 101
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