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Each way betting has mostly been associated with horse racing. Such betting is possible when the racing track has at least four runners and riders. In such cases, bookmakers usually offer one-half, one-third, one-quarter or one-fifth on the odds on the selection, depending on the number of runners on the field at the time of the event. In terms of football, each way betting is fairly common, particularly in the outright betting markets. A good way to keep up with this is through staying up to date with the latest news!

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The point-spread or odds are created by oddsmakers and fluctuate based on the action received at each sportsbook. Straight wagers are common in football and basketball. Bettors must choose a team that will be the outright winner of the game or event. No point-spread is involved in these wagers but sportsbooks do adjust the price of the money-line based on the action received. The Yankees are the favorites in the above example. Money-line bets are common in baseball, hockey and soccer.

Bettors must choose as few as two teams and they need both selections to win for your parlay wager to be considered a WIN. Some sportsbooks will take up to team parlays but the most common parlay wagers are 2, 3 and 4-team parlays. Bettors can use both Straight and Money-Line selections in a parlay.

Since it's harder to win more than one selections, bettors will receive a higher payout based on the number of selections chosen. This wager is only available for basketball and football. Similar to parlays, bettors must make at least two selections and they must win both for the Teaser to WIN.

Along with those differences, bettors are allowed to modify the point-spread in their favor. The most popular teasers are two and three-team teasers. In football, most sportsbooks bettors can move the line from 6, 6. Basketball teasers generally run from 4 to 6 points. Three teams must be selected to complete this wager and all three must win for the Teaser.

The original point-spread listed in parenthesis is modified to the teaser spread. In the event of a tie, some sportsbooks still payout but at a lower rate. If a game or an event isn't completed due to weather or other reasons, sportsbooks follow industry standards and pay out a wager based on the below:. Basketball: NBA games are considered official after 43 minutes of play while college basketball games require 35 minutes of play. Postseason games are not official until a winner is declared.

Learn about all the available options and go from there. Casinos have their own sportsbooks, which means numbers can shift depending on which Vegas establishment you visit. Even half a point can change the outcome of a bet. It may seem simple, but with so many bets being scattered across sportsbooks, you really have to weigh the prospects of risk versus reward.

Those supporting the underdog will, of course, be rewarded for their risk. A way to avoid falling into traps is to keep an eye on the public. A lot of Las Vegas sportsbooks will let you watch where the public money is trending. However, it is essential to stand guard and see how the money lines move as you place your Vegas bets. Timing is everything in life. In sports betting, this especially rings true.

It could also affect a franchise in the middle of a rough patch. Or, timing could be used to simply place bets. Money lines, overs and unders, and spreads shift as the days — or hours — go on. These adjustments generally separate your amateur sports bettor from a true Vegas pro.

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