Sports Betting
How Sports Betting Works
If you’re a sports fan, sports betting products like PRO-LINE (PRO-LINE, PRO-LINE Fantasy, and PRO-LINE Stadium Parlay) can add excitement to any sport.
Each PRO-LINE game has its own set of rules and bidding options. To play, you choose from the selections made available for wagering on each game, bet on the outcomes you think will occur, and if you get your “pick(s)” right, the amount you win is determined by multiplying the odds on the game(s) (set by professional odds makers) by the amount you have wagered. Atlantic Lottery’s PRO-LINE Stadium website explains the rules of each game. Sports betting in Nova Scotia is only available at retail locations as well as online at alc.ca(opens in a new tab).
Understanding the Bets
MONEYLINE: This is a bet based on the odds of who will win or lose a game, match, or race.
POINT SPREAD: A point spread is a bet on the margin of victory in a game, depending on theperceived gap in ability between the two teams. It is shown as a negative or positive number,depending on if the team is expected to win or lose.
OVER/UNDER: This is a bet on whether the combined total score goes over or under a certain number.
PROPS: This is a bet on events that happen during a sporting event. For example, will the quarterback throw more than two touchdowns.
FUTURES: This is a bet on an event, series, or an award that will finish in the future. This is different from a wager on the outcomes for a single game, as it is completed in the future, not the day the wager is placed.
PARLAY: This is when a player makes multiple wagers (at least two) and ties them into the same bet. If any bets in the parlay lose, then the entire parlay loses. If all wagers win, the bettor gets a bigger payout.
The Truth About Sports Betting
People who know a lot about sports may think they can use that knowledge to their advantage for placing bets.
The challenge is that the odds makers know a lot too. They have access to detailed statistics and sophisticated systems for generating odds.
They study the players’ health, team matchups, the weather and anything else that may influence the outcomes. They then incorporate those factors into the odds of a particular bet.
Don’t be fooled, chance still plays a big part. No matter your skill level, you can’t control the many variables that determine outcomes, and the odds are always set in favour of the house.
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