Latest Nevada sports betting news
Parlays come in many forms in Nevada sportsbooks. These bets always include two or more outcomes. A parlay is usually only paid if all wagers win. However, if a game is postponed or canceled and the remaining selections win, the parlay will pay out the lower amount since there are fewer games. An off-the-board parlay involves a bettor telling the ticket writer which games and sides he wants to parlay. These are paid based on the number of teams involved. There are a large variety of parlay cards available at most Nevada sportsbooks.
These cards can include ties win, ties lose, half-point, props, and jackpots. Physical parlay cards have two parts. The top part of the card is where the point spreads and totals are located. The bottom part of a parlay card must be filled out in pencil and handed to the ticket writer.
Recreational gamblers like parlays because the multipliers allow for potentially huge wins. The more games in the parlay, the more the parlay will pay. Professional and sharper bettors tend to stay away from parlays because the odds are longer. Winning one game is difficult and winning more games is very difficult. Like a parlay, a teaser involves two or more outcomes. This wager is different from a parlay because the bettor receives extra points on each line within the teaser.
For example, in football, a teaser may receive six points. That would make a two-point underdog an eight-point underdog. It would add this number to every leg of the teaser. Teaser payouts are lower than parlays because of the adjusted point spread.
It takes at least three teaser sides to bring the payout in line with a straight bet. Pleasers are reverse teasers. A pleaser bet may require a bettor to give up between 7 and 14 points on a football game. For example, a pleaser card would turn a seven-point underdog into a pick. A seven-point favorite would need to win by more than 14 to cover a pleaser.
Pleasers require multiple outcomes. Pleasers lose nearly every time due to the massive disadvantage of giving up the points across multiple outcomes. But when they do hit it can be life-changing money for the winner. A round robin is a more simple way of betting multiple parlays all at one time. This is similar to boxing a number of horses for an exacta or trifecta in a horse race. The bettor will select between three and eight teams. Then the bettor will select the number of teams in each parlay.
For example, three teams may be selected for three different two-team parlays A vs. Each winning parlay in the round robin is paid at the same rate as the particular sportsbook pays for single parlays. Futures bets come in several forms. The most common one is where a bettor picks a team or individual to win a championship. For example, picking the Philadelphia Eagles for a Super Bowl 53 futures bet would pay , depending on when the wager was made. This kind of futures bet may also involve a team winning a division, conference or league.
Some sportsbooks even offer a simple yes or no for any pro football team to reach the playoffs. The same applies to other sports. The futures market in Las Vegas has expanded in recent years. You can now wager on award winners for different sports. College football fans can wager on a player to win the Heisman Trophy. Thanks to mobile sports wagering apps, in-play betting is one of the fastest growing types of wagering in Nevada. This is where a bettor places a wager on a game that is already in progress.
The live line takes into account the current score and is based on the final outcome. In-play wagers typically include point spreads, money lines and totals. These wagers permit players late to the action a way to get money on the game. It may also be used for hedging and arbitrage purposes.
These are exotic bets that are based on outcomes that are not dependent on the full game. Another example is the first-inning line in a baseball game. Sportsbook operators are using these wagers to grow the betting menus almost every day.
If something major happens in a sport, a related wager can be offered right away. For example, in , Jake Arrieta threw a no-hitter for the Chicago Cubs. The next day there was a wager available if he would throw another. These wagering opportunities are not only fun for the customer, but they can generate publicity for the sportsbook offering the wager. Nearly every Nevada casino offers a sportsbook. The size and scope of the operation varies drastically depending on the size and customer base of the casino.
Some Las Vegas resorts offer massive sportsbooks, while others are little more than a couple of televisions and a betting window. Some are as simple as a kiosk that resembles an ATM.
Westgate is the gold standard when it comes to Nevada sportsbooks. This casino was long-known as the Las Vegas Hilton. After that, it was LVH, before ending up as Westgate. There was a remodel of the Westgate in that put this sportsbook at the front of the line with any sportsbooks in Nevada. The Westgate offers some of the best odds on parlays, teasers, and futures. It is one of the first bookmakers in Las Vegas to post overnight lines. Westgate is known to accept large wagers from known professional bettors.
Jay Kornegay is the sportsbook manager. The Wynn Las Vegas sportsbook closed for renovations in late April of and reopened with one of the most beautiful sportsbooks in Las Vegas just in time for football season.
Johnny Avello is the sportsbook manager at Wynn and Encore. It was the first Nevada sportsbook to offer a betting website. Likewise, it was among the early entrants to the mobile app market. The website no longer exists as the mobile app rendered it useless. They specialize in small wagers from recreational gamblers.
Unlike most other sportsbook operators, Station Casinos is tightly connected with the casino players club. The casino operator owns Palms, but does not operate the sportsbook. CG Technology was previously known as Cantor Gaming. It is a subsidiary of Cantor Fitzgerald.
Its sportsbooks used to be the most modern in Las Vegas. Since first starting operations, other operators have caught up and also offer beautiful and modern sportsbooks. CG Technology is sometimes first with futures wagers. Over the years they have said that they are willing to accept high-limit wagers that many Nevada competitors refuse. Caesars Entertainment is one of the largest casino operators in the world.
Point spreads and odds are tailored to recreational sports bettors who may not be the sharpest sports gamblers. Caesars Entertainment operates a sportsbook in the following eight Las Vegas casinos:.
Caesars Entertainment operates four casinos and three sportsbooks in Nevada that are outside of Las Vegas. Caesars Palace renovated its sportsbook in The new screens are beautiful but it will cost money to reserve a seat to watch the games during NFL Sunday and other major events.
There may be exceptions for higher tier Total Rewards players club members. Caesars Entertainment was the last major sportsbook operator in Nevada to launch its mobile sports wagering app. MGM Resorts is a sportsbook operator that caters lines and odds for their large tourist customer base. The oddsmakers have a somewhat difficult task of creating one line that fits different customers in every casino.
A new twist includes creating odds that are also fair but profitable in New Jersey at the Borgata. MGM Resorts offers a unique mobile sports wagering app. This beautiful app is only available for MGM Resorts customers.
The company specializes in locals casinos throughout the state. Some newer sportsbooks are larger than their predecessor.
William Hill acquired American Wagering Inc. Bettors have been placing sports wagers at various New Jersey casinos and racetracks for nearly two months.
Now New Jersey sports betting is set to go mobile. Sportsbook operators in Atlantic City casinos and New Jersey racetracks are poised to launch mobile sports betting phone apps. Once live, New Jersey will join Nevada as the only states offering legal mobile sports betting. DraftKings, a prominent daily fantasy operator entering the sports betting space, announced Wednesday that it is opening registration for its mobile sports betting app in New Jersey and will begin with an invite-only trial period.
Participants in the trial will be able to bet, win and lose real money. DraftKings did not give a definitive length of the trial but said that it is the final step before receiving approval by New Jersey Division of Gaming to officially launch the sportsbook in the state.
Caesars Entertainment, which operates multiple Atlantic City casinos, has said it will implement a sports betting app "quickly. New Jersey sports betting apps will use geolocation to require that all mobile bets are placed from within state lines. Mobile, you can do anything with. There is no limit to where I think this is going to go, with integrations of streaming You will need a casino players club card when you fill out the basic information form. The process takes about minutes each for both the customer and representative to enter the data.
Sportsbooks have different policies for future funding. Check with the sports book when signing up for your account since this changes with new technology. William Hill and Station Casinos often have promotions for new customers. William Hill may offer extra money in your account. Station Casinos may offer Boarding Pass players club points. Station Casinos is currently the only sports book operator who reward sports bets with players club points. Since many of the sports wagering apps require a players club account, this could change in the future.
These apps can be useful all of the time for an avid sports bettor. That may be true, but there are more than a few sports events throughout the year where they come in especially handy. Having a sports wagering app for these events will greatly improve your sportsbook and sports betting experience. Super Bowl weekend is one of the busiest of the year for sports fans in Las Vegas.
Many people visiting Las Vegas for the Super Bowl will be wagering on the game. The Super Bowl is typically the single most wagered-on the event of the year.
Beyond the number of people wagering on the game, there are more ways to wagers on the Super Bowl than any other event. There are approximately 10 times as many different wagering opportunities available via proposition bets. The situation for the Super Bowl in a Las Vegas sports book is combustible. Not only are there a lot of people wagering on the game, but many of those bettors are new.
Even experienced sports bettors can get tied up choosing from hundreds of proposition bets in the sports book. The best way to avoid Super Bowl chaos in the sports book, and lines that take up to an hour, is to use a sports wagering app.
All you have to do is open the app, look at the hundreds of options, and place your bets. While the Super Bowl may be the most wagered-on event, the first weekend of March Madness might be the busiest weekend for sports fans.
The first weekend of games begin on a Thursday and continues through Sunday night. The first game will tip off shortly after 9 a.