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Betting Lines Explained
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Duncan says he supports sports betting (Toronto Star)
Ontario casinos, which put much-needed money into provincial coffers, are struggling and would benefit from sports betting, says Finance Minister Dwight Duncan. | Ontario May Allow Sports Betting in Casinos, Toronto Star Says (Bloomberg.com)
July 3 (Bloomberg) -- The Ontario government is asking federal lawmakers to amend rules that would allow the province to offer Las Vegas-style sports betting in casinos, the Toronto Star reported. | Plan to Help Casinos with Sports Betting (Newstalk 1010 CFRB)
With revenues at casinos falling, a published report in the Star says that the provincial government is asking the federal government to change the criminal code to allow casino patrons to be able to bet on sports events such as football, baseball, hockey, basketball and soccer. | Fans sue AFL (Herald Sun)
EXCLUSIVE: FIVE disgruntled punters are suing the AFL over the siren shambles that triggered one of football's biggest controversies. | Sports teams, leagues take wait-and-see approach to sports betting (Niagara Falls Review)
Professional sports teams and leagues are taking note of a proposal to allow Las Vegas-style gambling in provincial casinos. “We’ve talked about this internally, but we don’t see this issue affecting our organization or teams at all,” said John Lashway, senior vice-president of communications for Maple Leafs Sports and [...] | Sevransky's Arena Football playoff previews (Covers.com)
Ted Sevransky is a Covers Experts handicapper. Check out his picks and articles here . Underdogs have ruled the roost in the Arena Football League playoffs in recent years, and the Wild Card weekend of the playoffs in 2008 confirmed the pre... |
Online sportsbooks
offer as much excitement for your wagering dollar as virtually any
other form of gambling. Putting $25 bucks down on a four team parlay
can keep you on the edge of your seat for hours... and hitting for
a big win is guaranteed to make you come out of your seat!
Perhaps the
most confusing part of sportsbook betting is the variety of bets
offered ... the types of wagers can get pretty creative. You can
make bets for your team to win the game. You can bet on which team
will win the Super Bowl (a "future"), you can make bets
where you pick a number of games, (parlays) and much more.
You can get
"points" which means after the game is over, you can add
(or have to subtract) a certain number of points from your team's
total score to see if you won the bet. This type of betting lets
two teams that have different skill levels on the playing field
be "even" on the "gambling field". These points
are known as the "point spread".
The point spread,
or "points" or "spread", is set by the "odds
makers". These guys are very skilled at what they do. An important
part of sportsbook betting is to understand the job of the odds
makers. Their job is not to pick the winners and losers for
the games.
Their job is
to balance the bets so that the same amount is wagered on each side.
A casino makes money on taking a percentage from the payoff of a
bet. For example, if you make a bet of $100 and win, you'll get
back your original $100, plus $90 that you won. The $10 share for
the casino is known as the "vigorish" or "juice".
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