Elma Meares Profile

About

Press Release: Sports Betting 101

DES PLAINES, IL (March 2, 2020) - Don't understand your over-under from your moneyline and confused about how to parlay your interest in sports with placing a bet at a newly legalized Illinois sportsbook? Fear not. At Rivers Casino Des Plaines' soon-to-be-open BetRivers Sportsbook, resident professional Ross Sansone is making it easy for you.

"The sports betting terms can frighten even the most significant sports fan, however with a couple of pointers, you can have a great deal of enjoyable and win some cash-- and you don't even need to bet versus your preferred team, even if they are the underdog," Sansone said.

As Illinois prepares for sports betting to begin in time for college basketball's "March Madness" competition, BetRivers' Sansone, understood to some as "Rivers Ross" is providing a "Sports Betting 101" outline of the essentials for each bet that can be made and definitions of typical terms.

Sansone states there are 4 primary types of bets that Illinois citizens will be able to make.

1. Moneyline

"A wager on the moneyline is among one of the most basic bets you can make. It's as basic as choosing the winning team," he said. The preferred group is the group expected to win. This side of the bet is usually denoted with a minus "-" sign. The underdog team on the moneyline is the group that's expected to lose, typically listed with a plus "+" sign. The signs help you rapidly determine how each side will pay, if that side wins: The minus sign means the payout will be less than the initial bet, the plus suggests the payout will be more than the initial bet. Reading the chances for a cash line bet is simple. If a team is +120, this implies they are the underdog. If that group wins, your $100 bet will win you an $120. If a team is shown -160 that indicates they're a preferred (anticipated to win). You'll require to make a $160 bet to be paid $100 in jackpots if that team wins.

Example: The Chicago Bears are playing the Green Bay Packers and the Packers are favored to win at -120. If you decide to wager for the Packers, and you wanted to win $100, you would have to bet $120.

2. Point Spread

"A point spread bet has actually become more and more popular. When you bet on the point spread, it isn't on who will win or lose. It's a bet on how much the win or loss will be," said Sansone. Similar to a moneyline bet, the "+" indication represents the underdog group and the "-" represents the favorite group. But in a point spread bet, another number is added. That is the number of points a team requires to win by for you to win your bet. There is typically an extra number in parentheses that informs you what the payment will be if you win.

Example: If the Chicago Bears are the 8.5 preferred (-8.5) over the Detroit Lions (+8.5 ), maybe you wish to put a $100 bet on Chicago winning and covering the spread. In this theoretical game, if Chicago wins by 9 points the Bears would not only win the video game, but you would win your bet. If the Bears only win by 6 points-maybe because they "double-doinked" a basket in the closing seconds-you would lose your point spread bet. "When you hear someone state 'my team didn't cover,' they are referring to losing a point spread bet," he stated.

3. Over/Under

An Over/Under bet is a wager on the combined overall number of points scored by both teams in a game. That's why it's frequently called a "overalls" bet. "You're just attempting to predict whether the total points scored in a video game will be higher or lower than a set number. It's an amazing way to bank on the action of a game without picking a winner or loser," Sansone added. Reading the chances for an over/under, or "total" bet is simple. When the over/under is set for the Bears vs. Packers video game at 37.5 and the combined score of both groups adds up to 38 or more, the "over" wins. If the total is 37 or less, the "under" wins. A distinct element of an over/under bet, according to Sansone, is you can have a tie. "Occasionally, the total is set as a whole number. Using the Bears vs. Packers example once again, if the over/under is 38 and the combined point overall for the Bears and the Packers is 38 you have what is called a "push"-- or a tie-- and you get your cash back."

4. Parlay

This is a single wager that connects together 2 or more individual bets. If any of the bets in the parlay lose, the entire parlay loses. But if all the linked bets win, the parlay wins - and the payouts can be huge. "It's an example of higher risk for greater reward," said Sansone.

Vernacular

Sansone stated you may hear fellow sports book clients using insider-sounding terms. "At the sportsbook and typically on sports radio you'll hear individuals utilize this language to seem like they are in-the-know," he stated.

Some of those expressions consist of:

● Bad Beat: Losing, typically as an outcome of a last second score.

● Bankroll: The cash you have at your disposal with which to bet.

● Betting line: The odds utilized to identify the payment of wagers, for instance, the lines move as bets are made and group news like injuries are reported.

● Dime: A $1,000 bet.

● Favorite: The side anticipated to win a sporting event.

● The pet: The underdog, or group expected to lose.

● First-Half Bet: A wager on the first half of a sporting event just, and not the outcome.

● Prop bets: Increasing in popularity, this can be anything from the outcome of the coin flip at the Super Bowl to the number of goals Kansas City Quarterback Patrick Mahomes will toss today.

"Sports betting has its own language, however do not get caught up in what other individuals state. These simple ideas-- along with just betting what you can afford to lose from your bankroll-- need to assist you have a good time at the BetRivers Sportsbook or at other sportsbook places," Sansone said.

###

Responsible Gaming Rivers Casino is devoted to make responsible video gaming a concern and takes this issue very seriously. While many have the ability to bet properly, there is a small portion of the population who can establish a serious, in some cases unmanageable betting issue. This can affect individuals of any age, income, gender or race at any time.

To safeguard them and others impacted by their behavior, Rivers Casino developed a set of policies and guidelines which handle problems such as minor gaming, problem betting, responsible marketing, and incorrect use or abuse of alcohol.

Rivers Casino utilizes a number or methods to promote accountable gaming consisting of:

● Employee education and training programs

● Self-exclusion policies

● Detailed written treatments to recognize and handle these concerns

● Use of outside specialists

● Customer and staff member education and awareness

● Self-restrictions for check cashing, credit and mail/promotional deals

● Monitoring and determining compliance with outcomes of these programs

Please gamble responsibly.

Gambling problem? Call 1-800-GAMBLER.

About Rush Street Gaming

Founded by Neil Bluhm and Greg Carlin, Rush Street Gaming and its affiliates, headquartered in Chicago, Illinois, have developed and operate effective gambling establishments in Niagara Falls, Ontario, Pittsburgh and Philadelphia, Pennsylvania, Des Plaines, Illinois (Chicago location) and Schenectady, New York City. Rush Street Gaming and its affiliates has actually ended up being one of the leading gambling establishment developers in the United States and operators of online gambling establishments and sports books. Additional info at: www.rushstreetgaming.com

About Rivers Casino Des Plaines

Rivers Casino Des Plaines is the most effective casino in Illinois and collectively owned by Rush Street Gaming and Churchill Downs Incorporated ("CDI") (Nasdaq: CHDN). CDI is an industry-leading racing, online betting and gaming entertainment business anchored by its flagship occasion - The Kentucky Derby. The business owns and operates 10 local gaming centers in eight states, in addition to Arlington International Racecourse in Arlington Heights. ABOUT RUSH STREET INTERACTIVE Founded in 2012, Chicago-based Rush Street Interactive (RSI) released its first betting website, PlaySugarHouse.com, in New Jersey in September 2016. The business consequently made history by ending up being the very first operator in the United States to offer a totally integrated online sportsbook and casino. In addition, RSI was the first company to introduce legal online sportsbooks both in Pennsylvania (PlaySugarHouse.com) and Indiana (BetRivers.com) as well as being the very first to open a legal sportsbook in the state of New York (@ Rivers Casino in Schenectady). RSI likewise runs in-casino sportsbooks at Rivers Casinos in Pittsburgh & Philadelphia, and most just recently, at the historic French Lick Resort in Indiana. BetRivers.com is also the unique authorities sportsbook partner for the Philadelphia Flyers & Wells Fargo Center. RSI was the very first US-based video gaming operator to introduce a legal and regulated online sportsbook in Latin America (Rushbet.co in Colombia). Rush Street Interactive is likewise the designer and operator of a leading social video gaming platform currently deployed at the group's associated land-based gambling establishments and selected 3rd celebration partners. Rush Street Interactive was named "Mobile Operator of the Year" in The United States And Canada at the EGR The United States And Canada Awards 2019 and "American Operator of the Year" & "Casino Operator of the Year" at the American Gambling Awards in 2019. To find out more, visit rushstreetinteractive.com. About Churchill Downs Incorporated Churchill Downs Incorporated is an industry-leading racing, online betting and gaming entertainment company anchored by our renowned flagship occasion - The Kentucky Derby. We own and run Derby City Gaming, a historic racing machine center in Louisville, Kentucky. We likewise own and run the biggest online horse racing wagering platform in the U.S., TwinSpires.com, and we operate sports wagering and iGaming through our BetAmerica platform in numerous states. We are likewise a leader in brick-and-mortar gambling establishment video gaming with roughly 11,000 slot makers and video lotto terminals and 200 table video games in eight states. Additional details about CDI can be discovered online at www.churchilldownsincorporated.com.