DES PLAINES, IL (March 2, 2020) - Don't know your over-under from your moneyline and confused about how to parlay your interest in sports with placing a bet at a recently legislated 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.
"The sports wagering terms can frighten even the biggest sports fan, however with a few pointers, you can have a great deal of fun and win some cash-- and you do not even need to bet against your preferred team, even if they are the underdog," Sansone stated.
As Illinois prepares for sports betting to start in time for college basketball's "March Madness" competition, BetRivers' Sansone, understood to some as "Rivers Ross" is providing a "Sports Betting 101" summary of the fundamentals for each bet that can be made and meanings of typical terms.
Sansone states there are four primary types of bets that Illinois citizens will have the ability to make.
1. Moneyline
"A wager on the moneyline is among one of the most standard bets you can make. It's as simple as choosing the winning group," he stated. The preferred group is the team anticipated to win. This side of the bet is typically signified with a minus "-" indication. The underdog team on the moneyline is the group that's anticipated to lose, normally listed with a plus "+" indication. The indications help you rapidly figure out how each side will pay, if that side wins: The minus indication suggests the payment will be less than the initial bet, the plus suggests the payment will be more than the original bet. Reading the chances for a cash line bet is simple. If a team is +120, this suggests they are the underdog. If that group wins, your $100 bet will win you an extra $120. If a group is revealed -160 that suggests they're a preferred (expected to win). You'll need to make a $160 bet to be paid $100 in profits 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 wager for the Packers, and you desired to win $100, you would have to wager $120.
2. Point Spread
"A point spread bet has actually become a growing number of 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 "+" indication represents the underdog team and the "-" represents the preferred group. But in a point spread bet, another number is included. That is the number of points a group requires to win by for you to win your bet. There is generally an extra number in parentheses that tells you what the payment will be if you win.
Example: If the Chicago Bears are the 8.5 favorite (-8.5) over the Detroit Lions (+8.5 ), maybe you wish to position a $100 bet on Chicago winning and covering the spread. In this theoretical video game, if Chicago wins by 9 points the Bears would not just win the video game, but you would win your bet. If the Bears just win by 6 points-maybe because they "double-doinked" a field goal 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 total number of points scored by both teams in a game. That's why it's typically called a "totals" bet. "You're simply attempting to predict whether the overall points scored in a video game will be higher or lower than a set number. It's an exciting method to bet on the action of a video game without picking a winner or loser," Sansone included. Reading the chances for an over/under, or "total" bet is simple. When the over/under is set for the Bears vs. Packers video game at 37.5 and the combined rating of both teams adds up to 38 or more, the "over" wins. If the total is 37 or less, the "under" wins. A special element of an over/under bet, according to Sansone, is you can have a tie. "Occasionally, the overall 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 refund."
4. Parlay
This is a single wager that links together 2 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 payments can be huge. "It's an example of greater threat for higher benefit," stated Sansone.
Vernacular
Sansone said you may hear fellow sports book customers using insider-sounding terms. "At the sportsbook and typically on sports radio you'll hear individuals use this language to seem like they are in-the-know," he said.
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Some of those expressions consist of:
● Bad Beat: Losing, often as an outcome of a last second rating.
● Bankroll: The cash you have at your disposal with which to wager.
● Betting line: The chances utilized to figure out the payment of wagers, for example, the lines move as bets are made and team news like injuries are reported.
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● Dime: A $1,000 bet.
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● Favorite: The side anticipated to win a sporting event.
● The canine: The underdog, or team expected to lose.
● First-Half Bet: A wager on the first half of a sporting event just, and not the result.
● Prop bets: Increasing in popularity, this can be anything from the result of the coin flip at the Super Bowl to the variety of goals Kansas City Quarterback Patrick Mahomes will throw today.
"Sports wagering has its own language, however don't get caught up in what other individuals state. These basic suggestions-- together with just wagering what you can afford to lose from your bankroll-- should assist you have a good time at the BetRivers Sportsbook or at other sportsbook areas," Sansone said.
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Responsible Gaming Rivers Casino is devoted to make responsible gaming a priority and takes this concern very seriously. While many are able to bet responsibly, there is a small portion of the population who can establish a major, often unmanageable gaming problem. This can affect persons of any age, income, gender or race at any time.
To safeguard them and others affected by their habits, Rivers Casino established a set of policies and guidelines which handle issues such as underage gambling, issue betting, responsible marketing, and incorrect usage or abuse of alcohol.
Rivers Casino uses a number or methods to promote accountable gaming consisting of:
● Employee education and training programs
● Self-exclusion policies
● Detailed composed procedures to recognize and handle these issues
● Use of outdoors specialists
● Customer and staff member education and awareness
● Self-restrictions for check cashing, credit and mail/promotional deals
● Monitoring and measuring 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 actually developed and operate effective casinos in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago area) and Schenectady, New York. Rush Street Gaming and its affiliates has turned into one of the leading gambling establishment developers in the United States and operators of online casinos and sports books. Additional info at: www.rushstreetgaming.com
About Rivers Casino Des Plaines
Rivers Casino Des Plaines is the most successful casino 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 company owns and operates 10 regional gaming facilities 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) launched its very first betting website, PlaySugarHouse.com, in New Jersey in September 2016. The business consequently made history by ending up being the first operator in the United States to use a totally incorporated online sportsbook and gambling establishment. In addition, RSI was the first business to introduce legal online sportsbooks both in Pennsylvania (PlaySugarHouse.com) and Indiana (BetRivers.com) along with being the first to open a legal sportsbook in the state of New york city (@ Rivers Casino in Schenectady). RSI likewise runs in-casino sportsbooks at Rivers Casinos in Pittsburgh & Philadelphia, and most recently, at the historical French Lick Resort in Indiana. BetRivers.com is also the unique authorities sportsbook partner for the Philadelphia Flyers & Wells Fargo Center. RSI was the very first US-based 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 released at the group's associated land-based casinos and chosen 3rd party partners. Rush Street Interactive was named "Mobile Operator of the Year" in The United States And Canada at the EGR North America Awards 2019 and "American Operator of the Year" & "Casino Operator of the Year" at the American Gambling Awards in 2019. For additional information, go to rushstreetinteractive.com. About Churchill Downs Incorporated Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment business anchored by our renowned flagship event - The Kentucky Derby. We own and operate Derby City Gaming, a historical racing machine facility in Louisville, Kentucky. We also own and operate the biggest 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 likewise a leader in gaming with roughly 11,000 slot devices and video lottery game terminals and 200 table games in eight states. Additional info about CDI can be discovered online at www.churchilldownsincorporated.com.
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Press Release: Sports Betting 101
Stephen Hargrove edited this page 2025-06-28 23:59:35 +08:00