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The Player tool to listen to this site read aloud. The Player is not intended as a substitute for your screen reader. Wagering on sports has come a long way since the days of the neighborhood bookie. Nevada legalized sports wagering in , becoming the first place in the United States where you can make a legal bet on a sporting match. Roughly 95 percent of that gets returned to gamblers who won.

Before you head to Las Vegas to place a bet on your favorite team, check out the latest Vegas lines for football, basketball and more. Plus, view advance odds on upcoming sporting events. The toolbar contains the following The AudioEye Help Desk to report accessibility and usability related issues. Payouts on point spread bets depend on the odds assigned to either side of the wager. A favorite may nevertheless have better payout odds than an underdog, depending on the size of the spread.

To utilize another NFL example, say the Rams are listed as point favorites over the 49ers. Despite the fact Los Angeles is clearly expected to win the game, the odds of a two-touchdown or greater win in football are worse than one by a lesser margin. Alternatively, your payout if you take the 49ers to cover — i. Point spreads are set by oddsmakers with the idea of getting wagers to come in on both teams as evenly as possible.

This helps prevent some potentially sizable losses for the casinos. In our Yankees-Red Sox example, this would occur if the cumulative run total is exactly nine. Bettors would receive refunds on their original bets in such an instance. Parlay bets are wagers that involve at least two games. There are various forms of parlay bets based on the different bet types already discussed above. In other words, bettors can place point spread parlay wagers, moneyline parlay wagers and totals parlay wagers.

For a parlay to lead to a payout, there cannot be a losing bet within it. Parlays also survive eventualities such as a rainout in baseball or a game that ends in a tie. Odds for a parlay vary from sportsbook to sportsbook. Once a parlay bet is placed, however, the odds and lines are locked in. The more teams wagered on in a parlay, the better the payout.

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