How To Make A Bet In Vegas

Posted on

Whether you’re gambling on football, baseball, UFC, or any other sport, every sports bettor should follow a set of basic rules to bet smart and win money. Even if you are new to sports betting, establishing a consistent system early could lead to success in the outset of your gambling career.

In Nevada you can either set up a phone account with an in-state sportsbook or you can wager yourself at one of 150 state-licensed sportsbooks. Often the rotation numbers assigned to specific teams.

Money Line: The money line is a bet on the odds of a team winning the game as opposed to a point spread that is based on the scoring outcome. Money Line is a simple wager on which team will win. Parlay: A parlay is a single bet that links two or more wagers. To win the bet, the player must win all the wagers in the parlay. Fractional odds refer only to the profit you’ll make on your bet. Multiply your wager by the figures above and add the product on top of your original wager to get the final returns. Another way to calculate this is to multiply your stake by the first number, then divide it by the second number. Answer 1 of 11: I'm headed to Vegas next weekend and thinking of placing some sporting bets for the upcoming football season. I am not sure when I will return to Vegas after that. How long do sports books typically allow before you must cash in your winning. You have three options: take a trip to one of the Las Vegas sportsbooks, find a local sportsbook, or make a sports bet online by signing up at on of our recommended online sportsbooks. Of the three options, online betting sites are definitely the easiest and most convenient way to bet money on sports.

Gambling can be a rewarding and profitable challenge if you know how to approach the industry. But, If you find yourself losing more than you’re winning, consider following the tips below.

For those new to gambling, or even veterans who are reevaluating your approach to betting, here are seven tips to help you make smarter sports bets.

1 – Stick to One Sport

If you find yourself on a losing streak or feel exhausted while scouting and placing bets, you might be overextending yourself. High volume betting is an excellent method for experienced gamblers who have an established system that works for them. If you’re somewhat new to betting or consistently lose, I recommend finding one sport to bet on and stick to it.

The only way to win consistently is to find a system that works. By sticking to one sport for a stretch, not only will you begin to understand the subtle peculiarities of the sport, but you’ll also develop a more disciplined approach to betting.

Whichever sport you pick is up to you; it truly makes no difference as long as you devote the time and energy to understand better how to win money on the sport. In the sports gambling world, being a jack of all trades and master of none might sound more enjoyable in theory, but stretching your sports acumen too thin can lead to consistent losses and a depleted bankroll.

2 ‒ Use Flat Betting

When I first started gambling on sports years ago, I made every textbook mistake out there. My biggest mistake was habitually developing tunnel vision on one particular bet and unloading several units, convincing myself it was a winner. Rarely do those large bets go my way.

Gamblers are prone to find a line that is too tantalizing to pass on and delude themselves into thinking they can outsmart the book. When this happens, you can sustain significant losses and take yourself out of action more often than not. Instead of making a few large bets, you should be mindful of your bankroll and make several bets of equal value with a smaller amount on the line.

How To Make A Sports Bet In Vegas

This practice, known as flat betting, is a practice that eliminates the potential of suffering significant losses and forces you to maintain a consistent approach to gambling. Even if some of these smaller bets don’t win, you can bounce back and turn to some of the other bets you place to recoup losses.

3 ‒ Make Small Bets to Start

On the same line of thinking, placing smaller wagers is a great way to familiarize yourself with a particular sport. The only way to learn how to beat the book and win money is to find a successful strategy. This strategy can only be developed if you are consistently betting.

Smaller bets aren’t as appealing as one big bet that could potentially double your bankroll. But if a large bet loses and you blow past your bankroll, you take yourself out of the game and stunt any progress until you can reload your roll.

The amount you decide on depends on personal preference, but in my experience, betting 1% to 2% of your bankroll per bet works for me. So, if your bankroll is $750, each bet should be somewhere between $7.50 to $15. Once again, the amount is up to you, but never bet an amount you’re not comfortable losing.

Make a bet crossword clue

4 ‒ Take It Seriously

At the beginning of any sports gambler’s career, the question of purpose needs to be asked. You need to figure out whether this is a side hobby to blow off steam, or if you’re sports betting to make money. If you fall into the latter category, you need to think of yourself as a small business.

Profitable gambling results from discipline, money management, and the development of a useful strategy. This strategy isn’t something you will happen upon by chance. Instead, it will come after hours of research and analysis about the ins and outs of whichever sport you decide to gamble on.

The most important factor of a small business is profit, and you won’t achieve profits if your books aren’t consistent. Make sure to utilize a bankroll: a daily, weekly, or monthly budget, so you don’t jeopardize your financial security. This point cannot be overvalued. Virtually every successful gambler sets a limit and doesn’t exceed that amount.

5 ‒ Don’t Bet Like a Sports Fan

When you’re deciding which sport or which team to bet on, remind yourself why you’re gambling in the first place. If you engage in sports betting to add some excitement and entertainment value to the games you watch, that’s perfectly fine. But if you’re betting to win money, you need to approach lines like a sports gambler, not a sports fan.

This concept manifests itself in many forms, most prevalently in the form of the hometown bias bettor. Betting on your favorite teams and favorite players might make sense to you. I mean, who knows your team better than you, right? When you bet like a sports fan, you open yourself up to potentially making emotionally charged decisions, rather than adequately vetted.

I rarely, if ever, bet for or against my favorite team. Not only do I recognize that I’m incapable of removing bias from the situation, betting on my team can ruin the experience of watching games. Don’t let yourself believe that your diehard fanhood will translate to gambling wins.

6 ‒ Shop for the Best Line

Unless you have the luxury of knowing a bookie, most sites and sportsbooks have built-in “vigs” or advantages in the lines they set. The house always wins, even if they lose, they’re taking a small percentage of your winnings as a standard fee. Because of this, sports gamblers are still at a disadvantage.

To try to lessen this advantage, you should make sure you’re getting the best value on your bets. Lines can vary between sportsbooks and websites, so you have the opportunity to find the best line and maximize profitability. Shopping for lines can be tedious, and you might think a small difference between lines makes no difference.

However, if a book is giving you an extra point on a particular bet, that could be the difference between a win and a loss. Several well-reviewed sports websites all around the internet offer the potential of added value. Before you place a wager, make sure you’re finding the best line and best odds.

7 ‒ Research and Bet Sober

There are few things better than taking in a football game on Sunday with a cold drink in your hand: sports and drinking are a classic combination. Once again, gambling on sports and watching sports are two separate activities, and they should be approached as such. The best sports handicappers will tell you that a bet made under the influence can be a dangerous thing.

All the research and analysis you engage in should be conducted with a clear mind to make sure your decisions aren’t impaired. Sports gambling, like any other form of gambling, is challenging enough as it is. There’s no need to make it more complicated.

If you’ve placed your final bets for the day and want to reward yourself with a drink, make sure you don’t go down the rabbit hole of drunkenly chasing potential losses. This is where inexperienced gamblers routinely find trouble. To win serious money, you need to think of gambling as a second job. You don’t drink at your day job, so consider setting that standard for your sports gambling career.

Conclusion

Sports gambling is a serious business, and as a part of the betting world, you should take yourself seriously. Even if you consider gambling a hobby, it’s always more fun to win than it is to lose. New gamblers need to make sure to start on the right foot and themselves to a high standard.

Profit may be hard to come by in the early stages, but if you follow these tips, you will put yourself in a position to succeed. Make sure to start with smaller wagers on one sport, remove emotional attachments to particular teams and players, manage your money, and treat gambling like a small business. Following these tips will give you a strong base to learn about the industry and figure out the best strategy for you.

Betting on sports in a casino sportsbook isn’t the same as betting with an illegal bookie or online sportsbook. Placing a wager with a ticket writer inside of a casino can be intimidating for new sports bettors. The big board with betting options may be confusing for someone who hasn’t seen anything like it before. Some gamblers avoid the sportsbook simply because of the pressure from other people. In addition, wagering isn’t the same for all sports and, depending on the sportsbook operator, the Las Vegas odds are different in many casinos.

The Best Sports Betting Apps In Nevada

On Sign Up
Download The BetMGM Sports Nevada App On Your Smartphone
Use Bonus Code: PLAYBONUS

Individual games have can have point spreads, moneylines, totals, various propositions, and even more wagering options during the games themselves. There are futures bets for championships and individual events. Sportsbook operators in Nevada are offering more opportunities to wager in a sportsbook every day which can add to the confusion. There’s a lot of information to take in when contemplating a sports bet.

Mobile sports wagering might actually be an easier way to wager on sports for gamblers who have bet with the best online sportsbooks before visiting a land-based casino. We’ll discuss how to bet in person at a Nevada sportsbook and how to bet online using a mobile device (phone or tablet). All bettors should know the basics before placing a wager in a Nevada sportsbook.

Choose the sport and pick a wager

Not all sports bets are the same. Most wagers for football and basketball are made using a point spread. Baseball and hockey use a moneyline and also offer run or puck lines, respectively. Other events might offer straight odds for a winning wager. Here are the basic ways to wager on games, matches and events for each major sport.

  • Football: Point spread
  • Basketball: Point spread
  • Baseball: Moneyline
  • Hockey: Moneyline
  • Soccer: Moneyline
  • Fighting (MMA and Boxing): Moneyline
  • Golf: Odds
  • Auto Racing: Odds
  • Tennis: Moneyline
  • Olympics: Odds

Point totals and alternatives are available for most moneyline and point spread sports. These aren’t the only ways to wager on each sport but this is the starting point for most sports bettors.

Choose the type of wager

Once a bettor chooses the sport they want to wager on, they will need to choose how they want to bet. In addition to the basic wager types, a variety of wagering options could be available for each event.

  • Point spread – Choosing the favorite to win by more points than the point spread or underdog to lose by fewer points than the point spread.
  • Moneyline – Simply pick the winner of a game or event.
  • Totals – Choosing that the total points scored will be over or under for the defined period or game.
  • Propositions – A wager made that something will or won’t happen during a game or event. This could be individual players or teams.
  • Futures – This is a wager on an event to happen in the future. The occasion can be in the near future or at the end of a season.

Placing the wager

It’s time to place the wager once the bettor knows which event they want to bet. Ticket writers in a Las Vegas sportsbook can usually understand any terminology they’re given. However, it makes their life easier when a bettor uses the basic information for the bet(s) they’d like to place.

  1. The rotation number that coincides with the team or athlete for the wager. This is the 3 or 4 digit number to the left of each event.
  2. Amount of the wager.
  3. Listen when the bet is read back to make sure it’s correct.
  4. Double check the printed ticket to make sure that’s correct.

For example, “I’d like #123 (team name) for $100.” The ticket writer will read back the wager to make sure they have the information correct. Once approved they’ll print the ticket and the bettor will exchange money for the ticket. Always double check the ticket – even if there’s a line – to make sure the wager is exactly what was asked for.

Future Bets In Vegas

Getting paid for a wager

Point Spreads – Most point spread wagers pay -110. This means that for every $110 wagered, the bettor will be paid $100. Some games will move to -120 before the point spread changes. This requires a $120 wager to win $100.

Moneyline – The favorite for this game or match will be noted by the minus (-200) sign and the underdog by a plus (+200) sign. For example, the Yankees are -200 favorites against the Red Sox who are +190. In this example, the bettor will wager $200 on the Yankees to win $100. Likewise, the bettor may wager $100 on the underdog Red Sox to win $190.

Futures – These will be noted by a moneyline (+600) or straight odds (6-1). These numbers pay the same thing but may be confusing to someone new to a casino sportsbook.

When a bettor is paid they receive the amount of the winning bet plus the original wager. Using the example above, the bettor will receive $300 if they placed winning $200 bet on Yankees beat the Red Sox. The ticket pays $100 and the bettor receives the original bet amount of $200 back.

Where to bet in Nevada

All sportsbooks in Nevada are created differently. The space devoted to a sportsbook in Nevada casinos depends on the size and customers of the individual property. By nature, one would think that a larger casino would have a large sportsbook. That’s not always the case as sports betting is less of a focus for certain casinos in Nevada.

Finding a sportsbook that meets personal preferences is important when choosing where to bet. Some gamblers prefer quick access to restaurants while others prefer the best viewing screens. Some gamblers want to watch the games on the best TV screens while others just want a place to bet and grab a drink. Reading different sportsbook reviews will help casino guests find the most comfortable viewing experience.

How To Make A Bet In Vegas Online

Serious sports bettors always look for the best Las Vegas odds when choosing a sportsbook. Not all Las Vegas sportsbooks offer the same betting odds. Some sportsbook operators are known for having the best Las Vegas odds while others are noted for having odds that are less favorable.

There was a day when shopping for the best Las Vegas odds was easy. The city was small and it was easy to walk from casino to casino to find the best odds. That changed as casinos grew and different sportsbook operators became more spread out around Las Vegas. The internet has made finding the best Las Vegas odds easy once again. Plenty of websites offer live odds and bettors can now wager on sports anywhere in Nevada with a mobile sports wagering app.

Mobile sports wagering

Mobile sports wagering has taken Nevada by storm ever since being introduced. Sports bettors can wager on any games available from a sportsbook operator anywhere in the state. The convenience of betting on sports from anywhere means that someone on vacation can place a bet on a game from a pool or nightclub. Meanwhile, Nevada residents can place wagers from their house.

Sports bettors no longer have to stand in line waiting to place a bet. Mobile sports wagering is so popular that some sportsbook operators see more wagers placed via mobile sports wagering app than in the land-based casinos.

Wagering on sports with a mobile app is intuitive and may be less intimidating for a new sports bettor since bets are not made with other people around. Even though different sportsbooks may have their own software placing a wager with apps is easy and similar to the best online sportsbooks.

Sports wagering apps in Nevada must be set up at a land-based casino initially. Some sportsbook operators use software that will allow users to fund and withdraw from an account without returning to the sportsbook. The Las Vegas odds are the same on the app as they are in the physical casino.

Political Bets In Vegas

Why you should bet on sports in Nevada

How Do You Make A Bet In Vegas

It’s possible to wager illegally with a bookie and online with an offshore sportsbook but nothing is better or safer than betting on sports in Nevada. Casinos and sportsbook operators in Nevada are billion dollar companies in a highly regulated industry. The Nevada Gaming Control Board might have the most strict gaming regulations in the country. Unlike an illegal bookie or sketchy offshore sportsbook the money used to place wagers in Nevada should be considered safe.