If you’ve got a knack for predicting the outcome of sports games, then you’ll want to try your hand at sports betting.
Sports betting is a great way to root for your favorite teams and share in their glory by winning money when they win.
So You Can Get Up-To-Speed
Sports betting can seem like an intimidating and complicated game at first glance, but it doesn’t have to be.
You can bet on sports in-person at a casino such as McGills Casino in Cripple Creek, or you can download a mobile app and play online.
Whatever your preference, in this article, we’ll go over several of the most important things you need to know about sports betting — so you can get up-to-speed and into action as quickly as possible!
How To Bet On Sports
To start betting, you’ll need to register in a sportsbook such as BetRivers, which is where the bets take place.
Once you’re registered, you can bet at a casino or directly at home.
If you prefer to play at home, it’s as simple as downloading the mobile app and getting started.
However, nothing compares with taking a fun trip to the casino with your buddies, getting a cold beer and some tasty food by the bar, and betting on your favorite teams while watching them play live on the big screen.
At the McGills Casino, you can do exactly that. Use the BetRivers Sportsbook to bet on a wide variety of different sports and games. And while you bet, enjoy a refreshing drink and a large selection of satisfying meals from our Pint and Platters pub.
So if you’re looking for a relaxing weekend getaway and want to do some fun casino sports betting, the McGills Casino in Cripple Creek is the place to go.
Types of Sports Betting
There are several different types of sports betting, each with its own unique rules and strategy:
A Straight Bet is the most popular type of sports bet. A “point spread” is calculated based on the predicted outcome of the match in a straight bet. For example, in a match where the spread is -3/+3, the favored team will have to win by more than three points for you to win a bet on them. Whereas if you bet on the underdog, they only have to come within three points of the favored team’s score for you to win.
Total Line Bet
Total Line Bet is the second-most popular type of sports bet. In a total line bet, a total is estimated for the score of both teams combined. You can bet on the final score being higher or lower than the estimated number.
Money Line Bet
Instead of betting with a point spread (as with the straight bet), you bet on a team to win outright in a money line bet. If you bet on the favored team, you will stand to win less money if they win. But if you bet on the underdog, you stand to win more money.
A Parlay Bet is the bet with the highest risk, but also the highest reward. In a parlay, you bet on multiple teams at a time, and all of your picks have to win for you to win your bet. If they all win, you get a much bigger reward than you would in any other bet — but the chances of winning your bet is also much lower.
A Teaser Bet is similar to a parlay bet, but with less risk and less reward. You also bet on multiple teams in a teaser bet, but you get an extended point spread for reduced risk in exchange for a lower payout. So as long as all your teams score within this larger spread, you will win your bet.
A proposition bet is where you bet on something other than the final outcome of the game. For example, which team or player will score first.
A Head-To-Head Bet is where you’re betting on one of two rival players, instead of betting on teams. So if you bet on a player and finish the game with a higher score than their rival, you win your bet.
Sports Betting Strategy
There are many strategies top sports bettors use to get an edge, but two of the simplest and most common ones are:
Focus on One Team
One strategy is to focus on one team and get a deep understanding of all their players. So rather than picking matches where you know nothing about either team (requiring you to do a lot of research if you want to make an accurate prediction), you can simply focus on one team for all your sports bets. This strategy means that instead of having to research two teams for every bet, you’ll only have to research one — since you’ll already know your team like the back of your hand. This knowledge saves you time and gives you an advantage in predicting the outcome of the game.
Fade the Public
Another strategy is to “fade the public,” which means betting against what most people are betting on. Since betting odds are determined by which team the public is most likely to bet on, if you sense that the public is biased about a particular team, you can bet against them and win big (if your assumption is correct). For example, if a team has particularly loyal fans who bet on their team by default, or if a team has received a lot of news coverage lately, these are things that might “bias” the public’s opinion. So if you suspect the public is biased about a particular match, try betting against them. If your suspicion was accurate, it will pay off.
What Does The (+) Plus And Minus (-) Mean In Sports Betting
In sports betting, each side is assigned points depending on their estimated chances of winning. The favorite is designated with a minus (-) along with a number. The higher the number, the higher the predicted chance of them winning. The underdog, however, is given a plus (+) along with a number. This is called the “spread,” and it determines how much a bet will pay off at the end of the match. For example, if a team has a spread of -3, they are the favorite. So if you bet on them, they will need to win by more than three points for you to win the bet. On the other hand, the opposing team with a spread of +3 is the underdog. So if you bet on them, you’ll win your bet as long as they come within three points of the other team’s score — even if they do not win.
How To Win Sports Betting?
Unlike games of pure chance, sports betting is a very strategic game. Some professional sports bettors can make incredible profit from their ability to predict the outcome of games accurately.
Success in sports betting requires you to have extensive, in-depth knowledge of the teams and their players, so you have all the information you need to make the most accurate prediction possible.
Skilled sports bettors are good at noticing “flaws” in the spread. For example, if a team is the “underdog” with a very low predicted chance of winning, but you think they are underrated and have a much higher chance of winning than the spread shows, you might place a big bet on the underdog.
If you’re right and the underdog scores higher than the spread predicts, you’ll win the bet thanks to your superior foresight.
So the key is to do your homework on each team and weigh your predictions against the spread. Once you have enough information to make an informed decision, you’ll be able to bet confidently and have a greater chance at winning.
Sports Betting Terms
There are many slang terms in the sports betting world, and to the uninitiated, they can be confusing at first glance.
These are some of the most common sports betting terms:
- Book (Sportsbook) – the platform you use to bet on sports
- Consensus – what the public predicts the odds are for a match
- Cover – when a team exceeds the number predicted on the point spread
- Favorite – the team predicted as most likely to win
- Handicapping – analyzing statistics and past performances of teams to predict who the winner will be
- In-game wagers – bets made after the game is in session
- Limit – the maximum amount you are allowed to bet on a game
- Lock – betting on a team that is a major favorite
- Long Shot – betting on a team that is a major underdog
- Point spread – a number set by oddsmakers to determine which team is more likely to win and by how large of a margin
- Push – when both teams land directly on the point spread but don’t exceed it, it’s considered a “tie” and all bets are refunded
- Underdog (dog) – the team predicted as most likely to lose
- Wager – another term for “bet”
Requirements To Bet
To register on the BetRivers app, you must be at least 21 years old and physically located in Colorado.
Additionally, to make bets online, you must not be located in a restricted tribal area.
Where To Bet On Sports
If you’re looking for the perfect place to bet in-person, then McGills Hotel & Casino in Cripple Creek is your casino of choice. Give us a visit the next time you’re looking for a fun weekend getaway!
Or if you’re looking to play online, you can download the BetRivers app to bet from the comfort of your own home.
Shuttle Bus to Cripple Creek
Gather your sports buddies and take a trip to Cripple Creek via a special shuttle bus! This bus will personally escort you from several pickup locations in Colorado Springs, Woodland Park, and Pueblo. Sit back, relax, and enjoy a drink aboard the Ramblin Express! (Group rates and charter rates also available). https://www.casinoshuttle.com/
Visit Us or Give Us A Call
If you’d like more information or have any additional questions, please give us a call.
And the next time you’re looking for a fun weekend getaway, take some friends and swing by the McGills Hotel and Casino to do some sports betting and enjoy the thrill of winning as your favorite team wins. We look forward to seeing you here!
232 Bennett Ave,
Cripple Creek, CO 80813
Phone Number: (719) 689-2446
256 Bennett Ave,
Cripple Creek, CO 80813
Phone Number: (719) 689-0303
264 Bennett Ave
Cripple Creek, CO 80813
Phone Number: (719) 689-2104