What is sports betting and how does it work?

Where can you do it? What sports can you bet on?

Have you ever asked yourself those questions? This article will answer them, giving a little insight.

Introduction

Let us take a look at the kind of sports you can bet on. This mostly depends on where you live, or better said, where you want to bet. Generally, you can do it with pretty much anything.

What comes to mind first?

The classic probably is horse racing, because everyone probably thinks about it at first. Actually, you can also bet on just about any other popular sport, including (but not limited to) baseball, basketball, football, soccer… The list goes on and on.

What are sportsbooks?

An interesting thing to know is that while you can place any kind of bet you want on any event around the world, in the United States you will only be able to bet on so called “sportsbooks”.

Sometimes called “books” for short, they are places where you can wager on many different sport competitions.

Is it a good idea to use online sportsbooks?

Another way to bet on sport events is to do it online. This can be especially interesting since you can look for sites that have a certain focus on different types of events, and place your bets on anything you want, even if you are US based. This is technically in a legal grey area but the law is not enforced as much.

According to a report by BitcoinReviewer.com, the latest trend in sportsbooks is using the Bitcoin currency for betting. It uses an advanced payment network that will let you participate even while a match is going on. Bookmakers like Bovada are still lagging behind when it comes to Bitcoin but some smart companies have already started.

Huge advantages of online betting are for example that you can place a bet at any time you want, you can get your bets in easier and of course you can bet on pretty much anything imaginable.

FAQ

The odds are dependent on the type of the game. it is important to always read the rules of the sportsbook before placing your bet, because there are some differences between what is considered official by the sportsbook and the league.

Winning bets are paid out at the end of an event. If the event is not finished, they are paid out if the event is played out long enough to be considered official, otherwise, all bets will be returned.

Different books also give you different odds on different outcomes that you can bet on and potentially win. Most of the US sportsbooks are in Nevada and share the same parent company, meaning you will be offered the same wagering choices and odds for your bets, so “looking for better prices” will most likely not be the way to go.

In the below video, you can see what Bill Walters, a bettor in Nevada, has to say about this exciting activity.

One major difference between Sports Betting and gambling in casinos is that the win probabilities in Sports Betting are only estimated.

You can go into a casino and you will know that the house has the advantage. In contrast to that, in sports betting your own patience, knowledge and research can give you an edge over others. Just like you, the bookmakers are also just guessing the probability of different game outcomes. That means, while the bookmakers on average provide accurate odds, you can certainly make a big profit if you find a good niche!

What casino games are most popular with young adults?

In my studies, I have learned that in a casino, there are generally three different types of games:

  1. Electronic gambling machines
  2. Table based games
  3. Random number games.

An example for all three is listed below.

Slot machines are electronic machines that have a variety of different themes. They are one of the most popular ways to gamble, as they are easy to use. Generally, you don’t need to know the rules. The player will insert coins into the machine’s slot and either push a button or pull a handle. Doing this causes the wheels to spin. The older versions of slot machines tend to to have only three wheels, whilst in the newer machines, they can have as many as five simulated wheels. When the wheels finally stop spinning, the payer is paid based on the pattern of the symbols.

Poker is probably one of the more known table based games. There are actually many different versions of poker such as: 5-card draw, 5-card stud, Pineapple and Texas Hold’em. Despite the large variety, the rules follow the same guidelines. It is a card game based on the hand you get. The ranking of the cards from lowest to highest are:

hand ranks

  • High card: Anything that is higher than your opponents’
  • Pair: Two matching cards
  • 2 pair: The same as the above, but twice the amount
  • 3 of a kind: Three identical values.
  • Straight: Five consecutive cards in a row.
  • Flush: Similar to a straight, except you need to have the same suit 5 times.
  • Full house: Comprises of 3 of a kind and any pair.
  • 4 of a kind: You can guess what this is.
  • Straight flush: A straight and a flush. This is rare.
  • Royal flush: The hand everyone dreams of. It’s the highest straight flush that’s possible to have.

It sounds complicated but really it just depends on what cards you are dealt, as the player with the best hand wins the game.

Random number games are based upon the selection of random numbers, as you could deduce from the name. The source is either from a computerized random number generator or from a device. It may be played through the purchase of cards or paper tickets like bingo or keno.

Also, it could played at a table like the classic game roulette. In roulette, the player must place their chips on the table where they would like to put their bet. The table consists of numbers ranging from 0-38 (and 00 in the American version). The player then has the chance to bet on even or odd, red or black, or a column. He/she may also place a bet between a mix of numbers, crossing the squares on the table. When everyone has had their turn, the dealer will signal “no more bets” and will spin the wheel in a clockwise direction. They will then proceed to roll a ball in a counter-clockwise direction. The ball will land in a numbered slot on the wheel and all bets that correspond with the number win.

Bingo is an example of a random number game that is card based. The player must try to mach randomly selected numbers to the numbers on their card. The card is made up of a 5 by 5 grid where each column is represented by the letters B-I-N-G-O. The middle of the square is typically a free square and will not need to be filled. The first person to form a specific pattern such as a straight line, calls out “Bingo!’

The card will then get checked for accuracy and the winner is announced. Afterwards a new round begins, this can continue on the same card as the players try to get another line or even a full house, or they can purchase a new card is the game is starting anew.

That’s mostly all you need to know about the most popular casino games that young people like to play.

Smoke-free casinos for a cleaner Vegas

New regulations are forcing casinos to ban smoking.

A quick Google search will reveal a majority of businesses across the United States are either encouraging nonsmoking policies of their own or following the laws set up in their states.

Most companies from all walks of life are enforcing these rules not only for the health of their employees or to follow state regulations, but also to cater to an ever growing market of health conscient consumers.

One type of business left behind until recently is the gambling industry, especially casinos in Las Vegas. Atlantic City casinos were exempted in 2006 from the New Jersey Smoke-free Air Act. It was not until 2007 that a local ordinance forced casinos in the area to only provide an area of 25% of the gaming floor for smokers, giving the rest of the public to enjoy a smoke free environment. In 2008 Atlantic City was forced to go 100% smoke free.

It’s hard to think of casinos without thinking about the amount of drinking, gambling, and smoking going on. They almost go hand in hand in most cases. Smokey poker tables and old ladies at the slot machines with long ashy cigarettes hanging from their lips are pretty much what you expect.

Now, slowly but surely, many popular casino games are switching over to a more smoke free friendly environment. This is a welcome change for nonsmokers who wish to enjoy the gambling, drinking, and the atmosphere that Vegas provides without the annoyances of smokers around them ruining their fun.

The change, although leisurely, is a sweeping on which some casinos in the area of Las Vegas are capitalizing on for the benefit of the customers. It is also for the benefit of the casino as well. Of note, most hotels in the Las Vegas area that also have casinos in them are smoke free, along with an increasing number of the hotel rooms as well. This is a welcome change from the old days where you could go in a casino as a nonsmoker and leave smelling like you just smoked an entire pack.

Who does it hurt though to prevent smokers from finding places to enjoy their habits? It is hard to say. For sure, some could argue that they should be allowed to do whatever they want to do… as long as the owner allows it.

Others would argue that allowing smoking inside these places only furthers the problem. It is not only toxic to the person who does it but to those around them as well. Smoking can be the cause of many health related issues. Although the jury is still out depending on whom you ask whether secondhand smoking is harmful, the risk is still there and should be addressed one way or the other.

If you notice the trends other places such as bars are following in other parts of the county, it is pretty evident it will soon be a habit that goes the way of the dinosaurs. Likely, it will disappear possibly from all casinos in the near future. Sure, there will be small hold outs as casinos who want to cater to those who are helping keep the lights continue to buck the system. As a whole, the environment is changing and some would argue for the better.