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  14. Guest

    Las Vegas Sportsbooks 2

    Cosmopolitan of Las Vegas The sportsbook at Cosmopolitan of Las Vegas is powered by CG Technology and one of the most state-of-the-art sportsbooks located on the Las Vegas Strip. It’s conveniently right next to the casino floor and recently underwent an upgrade that doubled the sportsbook’s size in order to accommodate more sports fans and bettors. Vibrant LED walls make you feel like you’re in on the action, in addition to the dozens of high-definition televisions located throughout the sportsbook. The sportsbook at Cosmopolitan of Las Vegas has a bar right there, complete with
  15. Guest

    Las Vegas Sportsbooks 1

    Las Vegas, Nevada, is the gambling capital of the world. In the early 1930s, the State of Nevada legalized gambling. At first, not all forms of gambling were allowed. One of the forms of gambling omitted from initial legalization was sports betting, but that changed when the Silver State legalized sports betting in the late 1940s. At first, a 10% tax on all sports bets severely hindered the growth of this new sector of the gaming industry, but the tax was reduced significantly to 2% in the mid-1970s. The tax reduction spawned a new era of sports betting and casinos began to open their own
  16. Guest

    What if there’s a tie?

    A tie in the world of sports betting is often referred to as a “push.” If you bet on the money line and there was a tie as the result, you’ll likely get your money back and that’s it. The same goes for a point spread if the result ends up equating to a tie.
  17. Guest

    Why did the odds change?

    In most cases, the odds are always changing. Oddsmakers and sportsbooks are constantly trying to find and keep the best middle ground in a wager and often need to adjust one side of a bet, the other, or both in order to do so. Too much money being bet on one side or the other can cause the odds or point spread to be adjusted, and then there are things like changes in the weather or injury news that can affect how a game will play out and push oddsmakers to adjust. Odds or point spreads changing is completely normal. Just like the prices in the stock market can and will adjust over time, s
  18. Guest

    How much should you bet?

    A wise man once said, “Only bet what you can afford to lose.” This applies to investing in stocks, playing poker, and especially to betting on sports. Only wagering in amounts that are comfortable to you is part of proper bankroll management, and know that each person is different, with varying thresholds. Oftentimes you’ll hear sports bettors refer to the amount of money wagered in “units.” A unit is a predetermined bet size a bettor will use as an average wager. From there, a bettor will determine how many units to wager depending on the conservative or aggressive nature of the bet.
  19. Depending on the jurisdiction, sports bets can be placed in a sportsbook or online, but those interested in placing a sports bet should understand the rules and regulations of the market they are in. Las Vegas is known for its dozens of state-of-the-art sportsbooks that cater to all kinds of sports bettors.
  20. Guest

    What is a total?

    In a game, a total is the number of points scored. Oddsmakers and sportsbooks will often release lines for the total amount of points scored between both teams in a game, and bettors can wager on if they think the total will be over or under the listed amount. This is often referred to as an “over/under” bet. Oddsmakers and sportsbooks can also put up totals for each side separately. Totals can also apply to wins in a season. In fact, season win totals are some of the most popular wagers across all major sports, especially in the NFL. An oddsmaker or a sportsbook will determine a line to
  21. Betting on the money line means you are betting on the two sides straight up, without the added or subtracted points that a point spread provides. If the Dallas Cowboys played the New York Giants, you pick which team you would want to win and the odds factor in who is the favorite and who is the underdog. In this example, the Cowboys might be listed at a price of -200 and the Giants listed as +175. This shows us that the Cowboys are the favorite to win the game and the Giants are the underdog (note the minus and plus signs, as mentioned before). With these odds, you would need to bet $200
  22. A point spread is used to even a betting matchup between two sides. The favorite will be giving points to the other side, and the underdog will be receiving points. To win against the point spread, the favorite must overcome the number of points given to the underdog. For the underdog to win against the point spread, the underdog can use the points given to overcome the opposition. For example, let’s say the Boston Celtics are -4 favorites over the Los Angeles Lakers, who are +4 underdogs. After the final score is realized, the Celtics would subtract four points from their total if that’s
  23. A pick or a pick’em is when a bet is even on both sides in terms of who the oddsmakers expect to win, meaning it’s a 50-50 proposition. You just “pick” who you think is going to come out on top without having to overcome a point spread or lay odds. In pick’em contests, betting the money line will lend an even return.
  24. Guest

    What is an underdog?

    Opposite to a favorite, an underdog is the team or competitor oddsmakers expect to lose. Underdogs are often displayed with a plus sign in front of the odds. Underdogs operate in similar fashion to favorites when it comes to a point spread or a moneyline, just opposite. When betting a point spread, the underdog will often be receiving extra points versus the opposition to make the wager evener. When wagering on the money line, the underdog will have a greater return on the money that is bet.
  25. Guest

    What is a favorite?

    A favorite is a team or competitor that oddsmakers expect to win, and it is often displayed with a minus sign in front of the odds. This is the team or competitor that is favored over the opposition, hence being called a favorite. When betting a point spread, the favorite will often be laying or giving points to the opposition to make the wager evener. When wagering on the money line, the favorite will have a lesser return on the money that is bet.
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