Continued from page 1
A. The money line is a number that represent
odds to take a team straight up (without a spread). An underdog would payout more than
money wagered while a favorite would net a fraction of what was laid. The money line format is usually shown based on 100 dollars wagered. For example -200 would mean you would have to wager $200 to win 100. An underdog at +175 would show $100 wagered would net $175.
Q. What happens when
spread and
outcome are
same?
A. In this situation
bet is a tie and no funds change hands. This is called a push. A sportsbook’s policy for multiple wagers such as parlays and teasers may vary.
Q. What is a parlay?
A. A parlay is a chance for
bettor to win a larger return on
usual betting amount. It requires
player to pick multiple plays where all must be correct in order to win
larger amount. Rarely are parlay payouts large enough to be more profitable than a player having
same success with individual wagers. The parlay is often referred to as
sucker bet.
Q. Why does
spread/line change?
A. The line may change for many reasons. The most basic and common is when a large amount of money or individual bets are placed on one side of
offering line. If
bookie wishes to have as much even money on both sides he will adjust
line or price to make
other option more favorable. The line can also change when very smart bettors known as sharps put their opinion on one outcome. A smaller book may be forced to move its line because a larger operation has done so. This is to avoid being
sole book offering
most favorable line for one offering. If
line is not changed then
sportsbook could get a flood of wagers on one outcome and force
establishment to gamble need many players to be wrong so not to lose money. Game updates will also change
line. If a main player in an even is hurt
lines are sure to change when that information reaches
house.
Q. Where does
spread originate and who makes it?
Q. What is reduced juice?
A. Reduced juice refers to
price to place a bet that is less than
standard 10% (or -110). PinnaceSports.com is best example for reduced prices. They are able to operate on a smaller margin per bet because
volume of wagers is high.
Q. How do I know my money is safe?
A. Depending on which book you choose you can often get feedback in various forums and websites such as this. One should look for long standing operations in this infant industry. Many books have never had a legitimate complaint while others slow pay on a regular basis. Australian sportsbooks are regulated by its government.
Q. How long does it take to get my winnings?
A. Many books will pay within minutes at all hours. It is important to form expectations before you choose your book. Some books simply choose to process during weekdays only. Generally it should not take more than a few hours for a payout to be processed during business hours.
Q. How do I stay up to date on how my books are doing?
A. There are many sites that release digest information for you to analyze as you see fit. Many forums will also alert of real time experiences. Some players are simple paranoid about not receiving a perk that they received at a former book while others will tell of messy experiences. It becomes easy to realize what kind of feedback a player is giving.
Q. What countries regulate Sportsbooks?
A. Many books will claim their country regulates it’s betting industry but usually
sports book is peddling a false sense security. Antigua books are often mentioned as being over seen but is a few years removed from seeing Aces Gold fall with player’s funds. BetPanam recently closed owing many just months after
Panama gaming commission was being advertised. Panam has been closed for months with most customers left high and dry. Australia’s government actually over sees it’s betting establishments. They require players funds to be held in escrow. To date this is
only country truly regulated by a legitimate governing body.

Bill Dozer: SBR Writer, Analyst, and 15-year Sportsbook player. Bill helps other sports bettors avoid scams and provides advice in dealing with offshore sportsbooks. Get your Free Special Report "No-Nonsense Advice on How to Spot a SCAM Sportsbook" at http://sportsbookreview.com/downloads/9.aspx