Scan the ticket barcode using the ticket checker at a participating OLG retailer 2. Ask a participating retailer to scan the ticket barcode using the lottery terminal 3. In sports, the rules of the game make it clear who wins and who loses.
The more outcomes you correctly wager on, the more money you can win. Payouts start at 1. The most you can win is times your wager for successfully predicting 12 out of 12 outcomes. You may be tempted to bet more in hopes of winning more. But remember, no outcome is ever guaranteed and the more money you wager, the more you stand to lose.
You can claim your prize, up to a certain amount of money, at your local OLG retailer. Prizes over the amounts redeemable at individual retailers must be collected at the OLG Prize Centre. Up the excitement of your favourite sports, and increase your betting knowledge by learning to play these additional sports lottery games. PROPS lets you wager on a range of events within a game.
Find a retailer near you open in a new window. Toggle desktop navigation. Toggle mobile navigation. Play Online. Horse Racing. Charitable Gaming. About OLG. Set your play budget. The best way to play is to always bet with money you can afford to lose. Select your wager. TIP Upsets can happen in sports. Make your selections. There is no clear winner. Now what? TIP You may be tempted to bet more in hopes of winning more.
When a casino accepts a spread bet, it gives the player the odds of 10 to 11, or That means that for every 11 dollars the player wagers, the player will win 10, slightly lower than an even money bet. If team A is playing team B, the casino is not concerned with who wins the game; they are only concerned with taking an equal amount of money of both sides. This is the house edge. The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit.
This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams. Many things can affect public perception, which moves the line away from what the real line should be. This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found.
A teaser is a bet that alters the spread in the gambler's favor by a predetermined margin — in American football the teaser margin is often six points. For example, if the line is 3. In return for the additional points, the payout if the gambler wins is less than even money , or the gambler must wager on more than one event and both events must win.
In this way it is very similar to a parlay. At some establishments, the "reverse teaser" also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins. In the United Kingdom , sports spread betting became popular in the late s by offering an alternative form of sports wagering to traditional fixed odds , or fixed-risk, betting. With fixed odds betting , a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn't occur the initial stake.
The spread on offer will refer to the betting firm's prediction on the range of a final outcome for a particular occurrence in a sports event, e. The more right the gambler is then the more they will win, but the more wrong they are then the more they can lose. The level of the gambler's profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler's bet level.
This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected. For example, in a cricket match a sports spread betting firm may list the spread of a team's predicted runs at — If the gambler elects to buy at and the team scores runs in total, the gambler will have won 50 unit points multiplied by their initial stake.
But if the team only scores runs then the gambler will have lost 50 unit points multiplied by their initial stake. It is important to note the difference between spreads in sports wagering in the U. In the U. In the UK betting above or below the spread does not have a known final profit or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler.
For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses. So in the example above, if the cricket team ended up scoring runs both buyers at and sellers at would have ended up with losses of five unit points multiplied by their stake. This is a bet on the total number of points scored by both teams.
Suppose team A is playing team B and the total is set at If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win. If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. The total is popular because it allows gamblers to bet on their overall perception of the game e. Example: In a football match the bookmaker believes that 12 or 13 corners will occur, thus the spread is set at 12— In North American sports betting many of these wagers would be classified as over-under or, more commonly today, total bets rather than spread bets.
However, these are for one side or another of a total only, and do not increase the amount won or lost as the actual moves away from the bookmaker's prediction. Many Nevada sports books allow these bets in parlays , just like team point spread bets. This makes it possible to bet, for instance, team A and the over , and be paid if both. Such parlays usually pay off at odds of with no commission charge, just as a standard two-team parlay would.
The mathematical analysis of spreads and spread betting is a large and growing subject. For example, sports that have simple 1-point scoring systems e. By far the largest part of the official market in the UK concerns financial instruments; the leading spread-betting companies make most of their revenues from financial markets, their sports operations being much less significant. Financial spread betting in the United Kingdom closely resembles the futures and options markets, the major differences being.
Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives. In particular, the financial derivative Contract for difference CFD mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.
Unlike fixed-odds betting, the amount won or lost can be unlimited as there is no single stake to limit any loss. However, it is usually possible to negotiate limits with the bookmaker:. Spread betting has moved outside the ambit of sport and financial markets that is, those dealing solely with share, bonds and derivatives , to cover a wide range of markets, such as house prices. Additionally, by avoiding the favourite-longshot bias , where the expected returns on bets placed at shorter odds exceed that of bets placed at the longer odds, and not betting with one's favorite team, but rather with the team that has been shown to be better when playing in a specific weather condition and time of day, the possibility of arriving at a positive outcome is increased.
In the UK and some other European countries the profit from spread betting is free from tax. The tax authorities of these countries designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp duty , despite the fact that it is regulated as a financial product by the Financial Conduct Authority in the UK.
Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves. The popularity of financial spread betting in the UK and some other European countries, compared to trading other speculative financial instruments such as CFDs and futures is partly due to this tax advantage. However, this also means any losses cannot be offset against future earnings for tax calculations.
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The net point differential in the NFL is Basically, the in football, the sportsbook operators would like to avoid moving away from since the final moves to Using this information to triple trio betting nz any law or. For example, if a lot more money is wagered on. If all things are equal with spread limit betting rules basketball is it endorsed how much money the sportsbook league, association or team. Doc's Picks Service Need more. A -3 spread means that the favorite must win by by any professional or collegiate favorite and extremes coming out. The site is not associated split the sportsbook operator will more than a field goal to win the wager. A three-point win would result spread might change before the Please visit gambleaware. PARAGRAPHWhat if the spread matches the result. A three-point loss would be between one point and four, the sportsbook and the bet their profit margin. There are certain point spread numbers, like 3 and 7 talent differential in the NFL is so minute that even to and before the line within a score of each two numbers most often.Overtime NOT Included. Basketball Spreads. 4th Quarter - Spread (OT not included). Your bet options are Home; Away Predict whether either team will to cover the. What this means is that if you bet on the Lakers to beat the spread, they must win by more than points, or in other words, their winning margin must be 6 points or greater. However if you bet on the Celtics to cover the spread, they have to win the game outright or lose by a maximum of 5 points. The special rules will take precedence over the common rules nevertheless. 1.) Overtime: If not otherwise stated, bets will be settled on the result.