Gambling may be one of the first things you think about when you think of Las Vegas, but there are actually some restrictions.
You’re not actually allowed to bet on celebrity events such as the Academy Awards. This is because Vegas doesn’t permit entertainment betting. However, sports betting is allowed. Other places like Maryland are now also allowing sports betting and are currently preparing sportsbooks for launch.
Companies like Caesars Sports are looking to release a sportsbook in Maryland, and you can find some great Caesars Maryland bonus codes online to get you off to a good start. With sports betting being new to so many, you might want to know what types of bets you can actually make. So, we’ve put together this handy guide that explains all the different types of bets you can make in Las Vegas.
Money line bets are probably the first type of bet that pops into your head when thinking of sports wagers. This type of bet is simply placing a wager on which team you think is going to win the game. People generally place money line bets on sports like soccer and baseball in order to maximize their winnings.
The top two most popular sports in the US are football and basketball, and both of these are great for a point spread bet. These go further than just picking a winner. Instead, you wager on how many points a team will win or lose by. The sportsbook themselves will set the number of points for the wager too, so you’re not simply guessing and trying your luck.
Typically, people place odds bets on games like golf as different players will have different odds of winning. The fluctuating odds will determine your winnings as it all depends on the likelihood of your chosen player beating their opponents.
Parlay involves multiple wagers in one bet and if you want to win, you need all the wagers you made to come to fruition. Otherwise, you’ll lose everything. Parlay betting can be a good way to make a larger amount of money, but the more wagers you place, the less chance you have of winning. It only takes one of them to make you lose it all. Because the chance of you winning decreases if you place more wagers, the pay-out is typically higher when you take that route.
A totals bet is when you wager on whether the total points that are scored by the team will be over or under the number that the sportsbook set. This bet only takes the final scores at the end of a game into consideration as well.
As the name suggests, future bets are wagers that you can place on events that haven’t happened yet. A lot of people go for these types of bets when it’s coming to the end of a sporting season or if a big championship game is going to happen. The odds are normally fixed as well, so it doesn’t matter when you place your bet, your odds won’t change.
A proposition or prop bet is a type of wager than can be great for people new to the world of sports betting. These bets are placed on a specific event or player on a team that won’t really affect the results of the game. For instance, you might bet on a certain player will score 3 times during the match. This doesn’t necessarily mean the team will win, but instead, it’s just something that you think will happen. Some people like to make prop bets alongside other ones as it adds a little more excitement to the game.
Sports betting is quickly growing since the overturning of the law in 2018 that previously barred it. As states are now free to decide if they legalize it or not, more sportsbooks are popping up across the US. If you’re thinking of getting in on the action, why not try out a couple of different types of bets? You never know which one could make you win big!