Sports Book Basics

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Many people find that placing bets on the outcome of a game greatly enhances their enjoyment when watching the game on television or listening to it on the radio. Therefore, most Las Vegas sportsbooks have satellite hook-ups and big-screen TV’s broadcasting nearly every college and NFL game across the country every week. Additionally, if a game is not being televised, they post frequent scoring updates on the progress of all games on which they are taking action.

Sportsbooks will only accept bets on those games which have been posted on their board. These games are known as “board games.” Generally, all major league baseball, NFL, NBA and NHL games are “on the board,” whereas college games are limited to football and basketball match-ups being played by major Division schools. Limited betting is available at some books on golf, tennis, car racing, and other miscellaneous sports.

Wide arrays of betting propositions are available to players. They vary from five dollar parlay cards to the legendary $100,000 bets accepted at some sportsbooks under special arrangements. (The standard maximum bet limit is $5,000 at most books). Sports betting, race wagering, and poker are the only venues of chance open to the gaming public in which the player is not in direct competition with the casinos (the house). In all other casino games (such as craps, keno, slot machines, baccarat, blackjack and roulette), the house has a statistical advantage. In sports wagering, however, players can gain an edge on the house when they can identify games where the posted line does not accurately reflect the true odds for the game’s outcome.

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