Sports Betting

Sports betting is the activity of predicting sports results and placing a wager on the outcome.

Proposition bets are wagers made on a very specific outcome of a match. Examples include guessing the number of goals each team scores in a handball match, betting whether a player will score in a football game, or wagering that a baseball player on one team will accumulate more hits than another player on the opposing team.

Parlays involve multiple bets usually up to 12 and will reward a successful bettor with a large payout. For example, a bettor could include four different wagers in a four-team parlay, whereby he is wagering that all four bets will win. If any of the four bets fails to cover, the bettor loses the parlay, but if all four bets win, the bettor receives a substantially higher payout usually 10-1 in the case of a four-teamer than if he made the four wagers separately.

A progressive parlay involves multiple bets usually up to 12 and rewards successful bettors with a large payout, though not as large as normal parlays. However, in a progressive parlay, unlike a regular parlay, a reduced payout will still be made even should some of the bets lose.

A teaser allows the bettor to combine his bets on two or more different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win.

An if bet consists of at least two straight bets joined together by an if clause which determines the wager process. If the player’s first selection complies with the condition clause, then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.

Run line, puck line or goal line bets are wagers offered as alternatives to straight-up/money line prices in baseball, hockey or soccer, respectively. These bets feature a fixed point spread that usually offers a higher payout for the favorite and a lower payout for the underdog both in comparison to the money line.

While all sports wagers are by definition on future events, bets listed as futures generally have a long-term horizon measured in weeks or months; for example, a bet that a certain NFL team will win the Super Bowl for the upcoming season. Such a bet must be made before the season starts in September, and winning bets will not pay off until the conclusion of the Super Bowl in January or February although many of the losing bets will be clear well before then and can be closed out by the book . Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so.

In these bets, bettor predicts competitors results against each other and not on the overall result of the event. One example are Formula One races, where you bet on two or three drivers and their placement among the others. Sometimes you can also bet a “tie”, in which one or both drivers either have the same time, drop out, or get disqualified.

In totalizators sometimes called flexible-rate bets the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. This is similar to parimutuel wagering in horse racing and dog racing.

A 2nd half Second half bet is also sometimes called a halftime bet. This bet is placed only at halftime of a particular sporting event. This bet can be placed on the spread Line or over/under. The resulting bet that is placed is won or lost only on the points scored by both teams in the second half only.

Casino Keno

Playing Keno

Keno is usually played in Casino lounges specifically allocated for the game, but there are so called 'Keno runners' who will collect your ticket and deliver the winnings if the player wants to play from outside the lounge area. There are many television monitors spread all over the Casino halls to keep players informed of the winning numbers.
There is also the video version of Keno. These are slots-like coin operated machines. It plays using the same principle with similar rules of the regular Keno, but you get the results much faster.
To play Keno, you select a minimum of 4 but no more than 10 numbers between 1 and 80. Each selection is called a 'Spot', so if you select 10 numbers you are playing a 10 Spot game.
Keno tickets are located at tables throughout the Casino and in the Casino's Keno lounge. The Casino provides a 'Keno crayon' for this purpose.

Simply mark a blank Keno ticket with the numbers of your selection. Then present your ticket to the Keno desk with your wager and the clerk will give you a duplicate ticket. In a few minutes, twenty numbered Keno balls will be drawn at random from a barrel containing 80 numbered balls, and if enough of your selected numbers are drawn, you are a winner. The results are displayed on screens, called Keno boards, throughout the Casino.
Minimum bets can be as low as 5 cents, although some Casinos only accept bets of $1 or more. The house's Keno brochures give you information about payoffs and various tickets you can play.
The amount of money you win is dependent upon the type of ticket you play and the number of 'spots' caught. You may play as many tickets as you wish. You could win as much as $50,000 on a $1 wager in some Casinos.

The round of a Keno game is called a Keno race. In many Casinos, 'multi-race' Keno is featured, where you can play a number of consecutive Keno races at one time.
The house advantage on Keno varies according to the Keno game played. It is always around 30% or more.

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Online casinos, also known as virtual casinos or Internet casinos are online versions of traditional brick and mortar casinos. Online casinos enable gamblers to play and wager on casino games through the Internet.

Online casinos generally offer odds and payback percentages that are comparable to land-based casinos. Some online casinos claim higher payback percentages for slot machine games, and some publish payout percentage audits on their websites. Assuming that the online casino is using an appropriately programmed random number generator, table games like blackjack have an established house edge. The payout percentage for these games is established by the rules of the game.

Online casinos can be divided into two groups based on their interface: web-based and download-only casinos. Some casinos offer both interfaces.

Some casinos offer 'Live gaming', either exclusively, or as part of a wider online casino offering. In live online casinos, popular casino games such as roulette and blackjack are dealt by real dealers in casino studios, in an attempt to convey more of the atmosphere of a physical casino. Player actions including chat such as 'hit' in the game of blackjack may be transmitted to the dealer; in some online casinos more than one player may 'sit' at a particular 'seat' on the table, and in this case there is no interactivity between player and dealer. The question of which player s requested the extra card that the dealer dealt and which chose to 'stand' will be handled by the software. It is usual for players to be able to observe a video feed of the action, and equally common for players to opt to turn it off, if they lack the bandwidth - as the cards are read by OCR and other technology, the video feed is only ever a visual cue.

Web-based online casinos

Web-based online casinos are websites where users may play casino games without downloading software to the local computer. Games are mainly represented in the browser plug-ins Macromedia Flash, Macromedia Shockwave, or Java and require browser support for these plug-in. In addition, bandwidth is needed since all graphics, sounds and animations are loaded through the web via the plug-in. Some online casinos also allow game play through a plain HTML interface. Apple devices such as IPod, IPad and IPhone cannot play Flash games as the technology is not supported.

Download-based online casinos

Download-based online casinos require the download of the software client in order to play and wager on the casino games offered. The online casino software connects to the casino service provider and handles contact without browser support. Download-based online casinos generally run faster than web-based online casinos since the graphics and sound programs are located within the software client, rather than having to be loaded from the Internet. On the other hand, the initial download and installation of a download-based online casino client does take time. As with any download from the Internet, the risk of the program containing malware does exist. Still the graphics and sounds at download-based online casinos are most of the time much better than those at web-based online casinos.