We will start providing some of the terminology is commonly associated with wagering on Sports Betting. We realized that many people are new to this experience so we want to introduce you to two of the plays that are popular to a seasoned player. A straight bet on a game is merely picking one play out of the many being offered and wagering on it. While there are odds associated with the bet it normally pays even money. So if you bet 105 you will win a 100. The additional 5 you put up is what is called the vig. That is the fee or cost of placing the bet. It will vary and be higher at some sports books based on the team you bet on.
A parlay is a series of multiple selections of two or more that are contingent on all of them winning or ending in a tie. The odds on this wager pay more than your standard straight bet and that makes this bet popular. They have a higher degree of difficulty and the odds of hitting decrease with each additional selection. So you can make a lot more money but you could lose your money quicker over time if this is your twist.
We would look at straight bets 1st and move toward parlays as you gain more experience in betting.
We strongly suggest you use Smart Responsible Gaming as a guideline for wagering on Sports and all casino. racetrack and lottery events.
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