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DES PLAINES, IL (March 2, 2020) - Don't understand your over-under from your moneyline and puzzled about how to parlay your interest in sports with positioning a bet at a freshly legalized Illinois sportsbook? Fear not. At Rivers Casino Des Plaines' soon-to-be-open BetRivers Sportsbook, resident specialist Ross Sansone is making it easy for you.
"The sports betting wagering terms can intimidate even the most significant sports betting fan, however with a couple of tips, you can have a lot of enjoyable and win some cash-- and you do not even have to wager versus your favorite team, even if they are the underdog," Sansone said.
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As Illinois prepares for sports wagering to begin in time for college basketball's "March Madness" tournament, BetRivers' Sansone, understood to some as "Rivers Ross" is offering a "Sports Betting 101" summary of the essentials for each bet that can be made and definitions of typical terms.
Sansone says there are 4 main kinds of bets that Illinois residents will have the ability to make.
1. Moneyline
"A wager on the moneyline is one of the many fundamental bets you can make. It's as simple as selecting the winning group," he said. The favorite group is the team expected to win. This side of the bet is usually signified with a minus "-" indication. The underdog group on the moneyline is the group that's expected to lose, usually noted with a plus "+" sign. The signs assist you quickly figure out how each side will pay, if that side wins: The minus indication suggests the payment will be less than the original bet, the plus suggests the payout will be more than the original bet. Reading the chances for a money line bet is basic. If a group is +120, this suggests they are the underdog. If that team wins, your $100 bet will win you an additional $120. If a group is revealed -160 that indicates they're a preferred (expected to win). You'll require to make a $160 bet to be paid $100 in winnings 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 wanted to win $100, you would have to bet $120.
2. Point Spread
"A point spread bet has ended up being a growing number of popular. When you bet 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," said Sansone. Similar to a moneyline bet, the "+" indication represents the underdog group and the "-" represents the preferred team. But in a point spread bet, another number is included. That is the number of points a group needs to win by for you to win your bet. There is usually 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 ), perhaps you wish to place a $100 bet on Chicago winning and covering the spread. In this hypothetical game, if Chicago wins by 9 points the Bears would not only win the game, however you would win your bet. If the Bears only win by 6 points-maybe due to the fact that they "double-doinked" a field goal in the closing seconds-you would lose your point spread bet. "When you hear somebody state 'my team didn't cover,' they are describing losing a point spread bet," he stated.
3. Over/Under
An Over/Under bet is a wager on the combined total variety of points scored by both groups in a game. That's why it's typically called a "overalls" bet. "You're just attempting to predict whether the total points scored in a video game will be greater or lower than a set number. It's an amazing method to bank on the action of a video game without choosing a winner or loser," Sansone included. Reading the odds for an over/under, or "overall" bet is simple. When the over/under is set for the Bears vs. Packers video game at 37.5 and the combined score of both groups adds up to 38 or more, the "over" wins. If the total is 37 or less, the "under" wins. A distinct aspect of an over/under bet, according to Sansone, is you can have a tie. "Occasionally, the overall is set as a whole 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 two or more specific bets. If any of the bets in the parlay lose, the entire parlay loses. But if all the connected bets win, the parlay wins - and the payments can be substantial. "It's an example of greater threat for greater reward," said Sansone.
Vernacular
Sansone said you may hear fellow sports book consumers using insider-sounding terms. "At the sportsbook and often on sports radio you'll hear people use this language to sound like they are in-the-know," he stated.
A few of those expressions consist of:
● Bad Beat: Losing, as a result of a last second score.
● Bankroll: The cash you have at your disposal with which to bet.
● Betting line: The chances used to figure out the payout of wagers, for example, the lines move as bets are made and group news like injuries are reported.
● Dime: A $1,000 bet.
● Favorite: The side expected to win a sporting event.
● The pet dog: The underdog, or team anticipated 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 number of goals Kansas City Quarterback Patrick Mahomes will throw today.
"Sports wagering has its own language, however don't get captured up in what other individuals say. These basic ideas-- in addition to only betting what you can afford to lose from your bankroll-- must assist you have fun at the BetRivers Sportsbook or at other sportsbook locations," Sansone stated.
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Responsible Gaming Rivers Casino is devoted to make accountable video gaming a concern and takes this problem extremely seriously. While numerous are able to gamble responsibly, there is a small part of the population who can develop a major, in some cases unmanageable betting issue. This can impact persons of any age, earnings, gender or race at any time.
To safeguard them and others impacted by their habits, Rivers Casino developed a set of policies and guidelines which deal with problems such as underage betting, problem gaming, accountable marketing, and improper usage or abuse of alcohol.
Rivers Casino utilizes a number or techniques to promote accountable gaming consisting of:
● Employee education and training programs
● Self-exclusion policies
● Detailed composed treatments to identify and manage these problems
● Use of outdoors specialists
● Customer and staff member education and awareness
● Self-restrictions for check cashing, credit and mail/promotional offers
● Monitoring and determining 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 developed and run effective gambling establishments 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 information at: www.rushstreetgaming.com
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About Rivers Casino Des Plaines
Rivers Casino Des Plaines is the most effective casino in Illinois and collectively owned by Rush Street Gaming and Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN). CDI is an industry-leading racing, online betting and video gaming home entertainment business anchored by its flagship occasion - The Kentucky Derby. The company owns and operates 10 regional gaming facilities in eight states, in addition to Arlington International Racecourse in Arlington Heights. ABOUT RUSH STREET INTERACTIVE Founded in 2012, Chicago-based Rush Street Interactive (RSI) introduced its very first betting site, PlaySugarHouse.com, in New Jersey in September 2016. The business subsequently made history by becoming the very first operator in the United States to provide a completely incorporated online sportsbook and gambling establishment. In addition, RSI was the first company to release legal online sportsbooks both in Pennsylvania (PlaySugarHouse.com) and Indiana (BetRivers.com) as well as being the very first to open a legal sportsbook in the state of New york city (@ Rivers Casino in Schenectady). RSI also runs in-casino sportsbooks at Rivers Casinos in Pittsburgh & Philadelphia, and most just recently, at the historic French Lick Resort in Indiana. BetRivers.com is also the exclusive official sportsbook partner for the Philadelphia Flyers & Wells Fargo Center. RSI was the very first US-based gaming operator to launch 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 currently released at the group's associated land-based casinos and picked third celebration partners. Rush Street Interactive was named "Mobile Operator of the Year" in North America at the EGR The United States And Canada Awards 2019 and "American Operator of the Year" & "Casino Operator of the Year" at the American Gambling Awards in 2019. For more details, check out rushstreetinteractive.com. About Churchill Downs Incorporated Churchill Downs Incorporated is an industry-leading racing, online betting and gaming entertainment business anchored by our renowned flagship occasion - The Kentucky Derby. We own and operate Derby City Gaming, a historical racing maker facility in Louisville, Kentucky. We likewise own and operate the biggest online horse racing wagering platform in the U.S., TwinSpires.com, and we operate sports wagering and iGaming through our BetAmerica platform in several states. We are likewise a leader in brick-and-mortar casino gaming with around 11,000 fruit machine and video lotto terminals and 200 table games in eight states. Additional info about CDI can be discovered online at www.churchilldownsincorporated.com.
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