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Online sports betting?

B

bubbadu

Diamond Member
Can anyone explain the basics behind online sports betting? Is it legal to begin with? I was looking to possibly bet on the OSU / Washington game on saturday, because I KNOW the Bucks are going to win. If anyone could give me a basic rundown on the spread and how it works that would be great. Thanks

-Bubbadu
 
the spread works like this.
say you wanna put money on ohio st. vs washington
im not sure of the lines, but say ohio state is favored to win by 7 points.
if you put money on ohio state they have to win the game by more than 7, if they win by 7 its a push, more than 7 you win, less than 7 you lose.
conversely, if you put money on wazzou, you are betting that Tosu will not win by 7, so if Tosu wins by a FG you win money.
as is my understanding, i might have it mixed up.

 
thanks.. thats pretty much how i figured it.. OSU is favored by 9... i am sure they will win by at least a couple of touchdowns... I signed up on betonsportsonline.com ... I just figured it would be fun to be a little money on the game. So basically if I bet 50 bucks and OSU blows them out, I will win my 50 bucks back.

-Bubbadu
 
What's the point of putting down 50 dollars with no return. On a game like that you should get 55 back, even if it's not much, it is something. There's no point of betting with NO RETURN.

Also - you should know gambling online is illegal. People dso it all the time, but it is technically not legal for U.S. residents to gamble except in certain places.
 
Originally posted by: NakaNaka
What's the point of putting down 50 dollars with no return. On a game like that you should get 55 back, even if it's not much, it is something. There's no point of betting with NO RETURN.

Also - you should know gambling online is illegal. People dso it all the time, but it is technically not legal for U.S. residents to gamble except in certain places.
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If theres no point in doing it, I won't... thats why I am checking. I checked the lines, and had no clue that the payout wont be anything major. Do you know where I could find that? I am a complete newbie when it comes to this type of stuff.

 
People dso it all the time, but it is technically not legal for U.S. residents to gamble except in certain places.
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I knew several people who played online professionally and even declared it as such on their tax returns. Legality of this stuff is pretty much state by state when it comes to online gambling, and there are a lot of grey areas. A few states have cracked down hard, others don't care.
 
i would rather win 5 bucks on a quasi sure thing than risk 50 on a longshot.
and i dont know if Tosu will even cover, but its your money.
and beware of a sportsbook located in costa rica, there are a ton of them. costa rica has no gaming commission. about your best bets with offshore gaming are in reputable countries with gaming commissions, pretty much the netherlands(dutch antilles), UK and australia are *typically* safe.
that site you listed is costa rican, watch it. there has been a long history of costa rican books defrauding people.
youve been warned
 
If you want to wager $50, what is it going to hurt? Might want to look for someone in your office or friends that will bet you straight up, though. You wouldn't have to pay the juice if you can get just a straight bet with a friend.

I wager on college football every weekend. However, I usually just find friends or co-workers that disagree with my picks and tell them talk to me with money.

Online, though, you will have more options. You can take the money line bet which is straight up with payout adjusted according to spread. Say you bet $1 the bengels are going to beat the bucs. If Bengels win, you get $2.50. If the Bengels loose, you only loose your $1.00. Not many friends are willing to offer you odds like that.

Another reason to go online are multi-team parlays and things of that nature. Those can be fun.

In all seriousness, watch what you do and don't get addicted. I've seen it happen and it's a slow downward spiral.
 
You're obviously a Buckeye fan but I still say beware this game and line.

The Huskies are no slouch. Reggie Williams is one of the best WR in college fb. And Cody Pickett is a good QB.

They return 16 starters.

OSU should be able to pass on a mediocre Washington secondary but I think the Huskies will score as well.

Should be a good game. Good luck whatever you do and don't be afraid of any addiction!
 
I wager on the NFL on occasion. I prefer college to NFL. I seem to have better luck hitting college games. There are a couple of guidlines I use for the NFL, and if games fall into my "good enough" scenerio, I'll take it. Sometimes, if I take a beating of Saturday, I might try and make some back on Sunday. Sometimes it works, sometimes it doesn't.

If anyone wants a tip, get a season pass for betting on Boise St. They made me tons of money last year, and they are looking to do the same this year. In their bowl game last year, the line was 12 points. Opponent scores with a minute remaining to make it an 11 point game. My buddy and I are hanging out heads and cursing. No joke, with 15 seconds left, the Boise St. coach calls a bomb. 80 yard pass complete down to the 3 yard line. The make the TD with about 5 seconds left in the game to cover. 10-3 last year against the spread, and I see it happening again this year.
 
Good call dude. Boise St, especially at home, I believe, is outstanding ATS.

Maybe it's that weird field they play on. 🙂
 
When I bet on the NFL usually the payout is $18 on a $20 bet. So if I win, I get $38 bucks (20 + 18). Now if you bet futures (say, pick now which team wins the SB), then you get the stated amount for each dollar you bet. For instance:

You choose Broncos to win SB at 12-1 odds. You put $50 down. If they win the SB, you win $600.

I did this with the NCAA tournament. I chose Syracuse (that's right, National Champs, Baby!) to win it all at the beginning of the tourney @ 25-1 odds. I put $20 on the line and won $500 (damn it, I wish I would have put down $1000 🙁😉 )
 
OK, before you get too confused by everyone answering wrong, realize there are 2 types of bets:

1.Spread - usually even money if you win or something like 95% return (meaning if you put down $50 you will win $48-50 depending on how much the house takes). The deal with this is that they come up with a point spread, say 7 1/2 points that seems fair for both sides. If you take the team favored by 7 1/2 points and they win by 8 or more you get your original $50 back plus the $48-$50 in winnings. If that teams loses or wins by 7 or less points, you lose your money. If you put $50 on the under dog they only have to lose by 7 points or less and you'll get back your $50 plus your $48-$50. Simple enough right?

2.Odds - this is tougher, but the basic idea behind this is that you pick a winner but depending of the game it will pay back certain odds. For example if the Bucs are playing Detroit you pretty much know the Bucs will win but you will not get a good return. If the number by the Bucs is say -6.50 that means you need to put down $6.50 to win $1 (plus your original $6 of course). If the number by the Lions is +5.50 that means if you put down $1 and the Lions win you'll get your $1 back plus you'll win $5.50. So you can see you can bet on the Bucs everytime and put down like $65 but you'll only walk away with $10 if they win....is the risk worth the reward? And if you put down $10 on the Lions you could walk away with $55 if they win...again risk/reward.
(I can't remember my - or + actually but you'll know by who is the favorite for the game)
 
Originally posted by: Staley8
OK, before you get too confused by everyone answering wrong, realize there are 2 types of bets:

1.Spread - usually even money if you win or something like 95% return (meaning if you put down $50 you will win $48-50 depending on how much the house takes). The deal with this is that they come up with a point spread, say 7 1/2 points that seems fair for both sides. If you take the team favored by 7 1/2 points and they win by 8 or more you get your original $50 back plus the $48-$50 in winnings. If that teams loses or wins by 7 or less points, you lose your money. If you put $50 on the under dog they only have to lose by 7 points or less and you'll get back your $50 plus your $48-$50. Simple enough right?

2.Odds - this is tougher, but the basic idea behind this is that you pick a winner but depending of the game it will pay back certain odds. For example if the Bucs are playing Detroit you pretty much know the Bucs will win but you will not get a good return. If the number by the Bucs is say -6.50 that means you need to put down $6.50 to win $1 (plus your original $6 of course). If the number by the Lions is +5.50 that means if you put down $1 and the Lions win you'll get your $1 back plus you'll win $5.50. So you can see you can bet on the Bucs everytime and put down like $65 but you'll only walk away with $10 if they win....is the risk worth the reward? And if you put down $10 on the Lions you could walk away with $55 if they win...again risk/reward.
(I can't remember my - or + actually but you'll know by who is the favorite for the game)
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My answer wasn't wrong. Just not as longwinded as yours. 😉
 
your too late to use betonsports for saturdays game. you would have had to wire them money by at least yesterday to have the funds in your account by now. Also, be careful with this game. Many casinos have taken if off the line as a possible game to bet on due to M. Clarrett and Co. being suspended.
 
Originally posted by: CPA

My answer wasn't wrong. Just not as longwinded as yours. 😉
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That's true, but you wrote your while I was writing mine and up until then most people were slightly wrong.....but you are correct, yours was right 😉
 
I DARE you Guv'nah, to point out where any of my post was factually incorrect!!! /pompous english accent

🙂
 
[english accent]well you cheeky devils, you're posts were not so much incorrect as the fact that they did not answer the inquiries posed to us by our dear chap bubbadu. The young lad wanted to learn about point spread and the basics of wagering money not about some homosapians at a college called Boise State 🙂 [/english accent]
 
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