Sports Betting Q&A
Frequently asked questions about sports betting
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How does sports betting work in Vegas?

Vegas remains the go-to place for sports betting even as states continue to legalize wagering throughout the country.

That said, Vegas (and Nevada) is a little different than what most other states provide because they've been offering sports betting for decades.

If you're looking to bet right away, it makes sense to venture to the sportsbook where you're staying. If there isn't one, there are a wide range of options in downtown Las Vegas and on the strip. Either way, there is likely a sportsbook within walking distance of where you're staying.

BETTING IN PERSON

When betting in person, the most important thing to keep in mind, other than to carry cash, is the rotation number, which is often listed next to a certain bet on an odds board. To make it easier for the tellers, each bet has a rotation number they type in. For example, a game on an odds board may look like this:

350 Saints-6-180
351 Falcons52+160

In this case, the rotation numbers are 350 and 351.

If you want to bet $100 on the Saints, you would say, "$100 on 350, Saints -6." For the Falcons, it would be, "$100 on 351, Falcons +6." For the over/under it would be, "$100 on 350, over 52." For over/unders, you can use either rotation number. For moneyline bets, it's the same thing, "$100 on 350, Saints moneyline." In this case, you'd be betting $100 on -180 odds, which would payout about $150.

MOBILE BETTING

While Las Vegas is the hub for sports betting, you cannot bet online until you sign up in person at a casino. Most sportsbooks have their own app, but you'll need to set up an account in person and get a players club card in the process.

DOUBLE CHECK YOUR BET SLIP

In case the betting teller misheard you and put in the wrong bet, it's vital to double check your betting slip after receiving it. While it's not likely your bet is wrong, you don't want to be cheering for a certain side and when you go back to the ticket window find out the bet you wanted isn't the one you have money on.

COLLECTING MONEY 

Collecting money from a winning bet online is automatic, but if you bet in person, you can easily get your winnings from the sportsbook where the bet was made. All you have to do is go to the betting window and they'll give you your winnings.

FREE DRINKS

A lot of people like free things and free drinks are a thing, but you'll need to bet a certain amount to receive drink tickets and it varies from casino to casino. It's rare to get drink tickets on just $50 of wagering, though there are places that may give you an initial drink ticket to keep you betting at that location.

DIFFERENT ODDS AT DIFFERENT SPORTSBOOKS

Not all sportsbooks are the same and it's not just how they look. While a lot of sportsbooks get their odds from the same place in Vegas, there are a lot of different options. For example, you may see the Saints moneyline at -180 at one sportsbook and -150 at another. The same goes for spread bets as in you could find Saints -6 at -110 at one place and -120 at another. 

Shopping odds is rarely something that can be fruitful for a non-professional bettor, but for those betting large sums of money, it can make a difference. Of course, if you're in Vegas to bet for fun on the weekend, there's no point to researching sportsbooks where you can get -110 odds as opposed to -120.

Read More Sports Betting Q&As

More Questions To Read
What are some current trends in sports betting?
Betting trends usually refer to what the public is doing. You have two choices, to follow the public or fade the public.
Who benefits from sports betting?
Sports betting not only benefits each state, but it also gives fans another way to enjoy games.
What is a sports betting model?
A sports betting model is a system that can identify unbiased picks to determine the probability for all outcomes in a certain game.
What is a sports betting exchange?
A sports betting exchange allows bettors to bet against each other instead of through a bookmaker.
What are some tips for managing your bankroll when betting on sports?
The most important tip when betting on sports is to limit each bet to be between one and five percent of your bankroll.
Can sports betting be a career?
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
Can sports betting make you rich?
Sports betting is unlikely to make you rich unless you turn it into a full-time job and become one of the best bettors in the world.
Is sports betting a waste of money?
Sports betting is not a waste of money if you define your goals before making your first wager.
Can sports betting be profitable?
Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist.
What some simple tips for betting on sports?
A simple tip for betting on sports is to remember that only a small percentage of bettors are profitable in the long run.
What are some good sports betting tips for beginners?
A tip for beginners may be that turning a profit in sports betting is difficult and because you "know sports" doesn't mean you'll be successful.
How do you win at sports betting?
To win at sports betting, one has to put time into studying and researching various aspects of a matchup.
Why should sports betting be legal?
Sports betting should be legal because not only is it another way for fans to enjoy action, but it's also a boost to the economy.
Is sports betting rigged?
Sports betting is not rigged, but it is against your favor because of the vig.
What is the tax rate on sports betting winnings?
When PASPA was overturned in 2018, states began legalizing sports betting and introducing different taxes on revenue.
How do sports betting payouts work?
Sports betting payouts depend on which type of odds are being used.
What is a bookie in sports betting?
A bookie is someone who facilitates gambling by setting odds, accepting and placing bets, and then paying out the winnings.
What are some popular sports betting books?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular sportsbooks where sports betting is legal.
Which sports betting site is best?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular online sportsbooks where betting is legal.
What is a hedge in sports betting?
A hedge is a method to reduce risk and secure winnings for a specified bet.
What is the spread in sports betting?
The spread, also referred to as the line, is used to even the odds between two unevenly matched teams.
How do sports betting spreads work?
Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams.
What does hook mean in sports betting?
The hook means a half-point in sports betting.
What is arbitrage in sports betting?
Arbitrage in sports betting is when someone places bets on all possible outcomes of an event at odds that guarantee profit.
Can you arbitrage sports betting?
Arbitrage sports betting is legal, though it's frowned upon by bookmakers.