Sports Betting 101: What is the difference between a straight bet and a parlay?

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.

                       Follow on Twitter, Facebook, Pinterest and Instagram for updates!

                       Check out the app, Smart Responsible Gaming at thegamingguym.com/

Sports Betting 101: The Las Vegas Experience

After decades of having a monopoly on legal Sports Betting in the United States, Nevada is now sharing it's spotlight with the rest of the nation. There are several states that are currently offering sports betting with legislation in place for at least 20 more within the next 2 years. So if you are about to make your 1st bet or if you have made a wager on a sporting event outside of Nevada within the past 5 months,we want to give you a glimpse of what the Las Vegas experience.

Sports books in Las Vegas have a synergy that flows thru the hotel. The sports book is as much a staple of a property as the restaurants and the slots machines. But a great sports book experience will compare to being at Xfinity Live on Eagles game day. People will drive 50 to 100 miles to be a part of it. It will be excitement. The crowd will engage with each other and strike up conversation during breaks in the action. Those conversations will range from "who do you like today to where are you from."

The bets on the boards will cover all the major sporting events for that day or week. The busiest days are the weekends. The best offering for wagers is on Monday. Monday has MNF or Monday Night Football. It is the get back night. You are trying to get back the money you lost earlier that day or weekend.Many props bets that would not be available during the week will be offered. Be selective!

The sports books in Vegas range from the stadium style seating you find at casinos that feature blackjack,roulette and baccarat to plush lounge chairs and couches that provide special amenities. We will expand on which of these are trending as we continue this series. 

If any organization wants to innovate your Sports Betting operation from your competitors then watch what we post in 2019.

                                   Follow on Twitter, Facebook, Pinterest and Instagram for updates!

                                   Check out the app, Smart Responsible Gaming at thegamingguym.com/