Sportsbetting QuickStart Guide
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Whether you’re new to sports betting or just learning your way around, this guide covers how to place a bet, how odds work, common bet types by sport, and answers to common questions.
Note: Available sports, markets, and features can vary by state and change over time. Our Sportsbook Rules explain how each type of wager is graded.
How to Place a Bet
1. Find your event. Use the left side menu to choose a sport.
- Select Live Now at the top of the menu to see events currently in progress.
- Use the filter by checking the box next to each sport you want. All available events for those sports will be displayed.
- To narrow to a specific league, click the arrow next to the sport.
2. Add your pick to the bet slip. Click the button showing the odds and outcome you want. It’s added to your bet slip on the right side of the screen, which lists all selections waiting to be placed. The number next to each outcome is the odds, which determine your potential payout. You can add up to 12 picks to your bet slip at once.
3. Choose your bet type. In the bet slip, you can switch between:
- Singles: An individual bet on one game. You can also place single bets on multiple games on one bet slip.
- Parlay: A single bet that links two or more outcomes. All of them must win for the parlay to win.
- System (Round Robin): A series of parlays built from your selections. You must choose at least two games.
4. Enter your wager. Type the amount for each bet, and your potential payout is calculated automatically.
5. Place it. Confirm your picks and wager amount, then select PLACE BET. You’ll see a receipt for every bet you place.
Tracking your bets: Visit My Bets in the top widget bar on the Sportsbook page, or in the bottom menu bar in the app. Your receipts and bet results are there.
Understanding Odds
Odds tell you how likely an outcome is and how much you can win if it happens. When something is unlikely, the odds are usually higher. When it’s likely, the odds are usually lower.
American Odds
American odds are the most common format in the United States. They use a plus (+) or minus (−) sign.
Minus (−): the favorite (“odds on”). The number shows how much you need to wager to win $100. Your potential win is less than your stake.
- Example: A team at −200 means a $200 bet wins $100. You’d get back $300 total ($200 stake + $100 win).
- Example: At −130, a $130 bet wins $100, for $230 total back.
Plus (+): the underdog (“odds against”). The number shows how much you win on a $100 bet. Your potential win is greater than your stake.
- Example: A team at +150 means a $100 bet wins $150. You’d get back $250 total ($100 stake + $150 win).
- Example: At +130, a $100 bet wins $130, for $230 total back.
Even money: Odds of +100 or −100 return exactly what you staked in profit, plus your original stake. You essentially double your money.
The higher the odds against, the less likely the outcome, but the bigger the potential reward. Big favorites are usually odds on, and outcomes more likely to lose than win are usually odds against.
| Odds | Stake | Profit if you win | Total returned |
|---|---|---|---|
| +150 | $100 | $150 | $250 |
| −200 | $200 | $100 | $300 |
| +130 | $100 | $130 | $230 |
| −130 | $130 | $100 | $230 |
Sports Betting Glossary
- Action: A wager on a game. “Having action” on a game means you have a bet placed on it.
- Cover: To “cover the spread” means the team beat the point spread. If the Eagles are a 7-point favorite over the Browns (Eagles −7, Browns +7), the Eagles must win by more than 7 to cover.
- Dog: Short for underdog, the opposite of the favorite.
- Futures: Bets on outcomes determined by multiple events, or on events further in the future (generally more than two weeks out).
- Line: The combination of the spread and the odds.
- Moneyline: A bet on which team or player wins the game. If your pick wins, you win the bet.
- Over/Under: A bet on whether the final combined score will be over or under a listed total.
- Parlay: A single bet linking multiple wagers. All of them must win together.
- Prop Bet: A special bet offered in addition to standard markets, such as a bet on an individual player’s performance within a game. Also called exotic bets.
- Push: When the final result lands exactly on the spread or total, your bet is returned.
- Round Robin: A way to combine multiple parlays from a set of selections.
- Spread: The number of points subtracted from the favorite or added to the underdog to even the playing field. With the Eagles −7, they must win by more than 7 for that bet to win. A bet on the Browns +7 wins if they win outright or lose by fewer than 7.
- Total: The estimated combined number of points scored in the game.
Special Betting Features
Live In-Game Betting
You can bet on events while they’re happening. Odds change dynamically with the action, so you may notice a slight delay while your bet processes. Live bets settle as soon as the outcome is known.
Cashout
Cashout lets you close out an active bet before the outcome is decided, either to secure part of your potential winnings or to limit a loss as odds shift. On selected sports, it may be available for pre-game, live, futures, and parlay bets. The cashout amount can be more or less than your original wager, depending on how the odds have moved. To see if a bet is eligible, check My Bets after placing it.
House Specials
The Specials tab features unique bet offerings you won’t typically find elsewhere. They’re updated daily, and many are available for a limited time only, so check the timer under each offering.
Prop Central
Prop Central is our hub for player props. Each day you can browse the props offered for that day’s games. To get there, click the Props icon at the top of the Sportsbook.
How to Bet by Sport
Baseball
Moneyline: Pick the outright winner. Favorites pay less than underdogs.
Example: Phillies (−200) host the Mets (+170). A $200 bet on the Phillies wins $100. A $100 bet on the Mets wins $170.
Totals: Bet on the total runs scored by both teams, with odds attached.
Example: Over 5.5 (+110) / Under 5.5 (−110). At −110 on the under, a $110 bet wins $100 if 5 or fewer runs are scored.
Run Line: Baseball’s version of a spread, typically 1.5 runs.
Example: Philadelphia −1.5 (+110) / New York +1.5 (−140). A Philadelphia bet wins only if they win by 2 or more runs. A win by exactly 1 loses.
Futures: Bets on future outcomes across the offseason, regular season, pennant races, and postseason. Odds change often with performance, injuries, and roster moves.
Football
Moneyline: Pick the winner.
Example: Cowboys (+140) visit the Eagles (−160). A $100 bet on the Cowboys wins $140. A $160 bet on the Eagles wins $100.
Point Spread:
Example: Cowboys +3.0 / Eagles −3.0. Eagles bettors need a win by 4 or more. Cowboys bettors need a win, or a loss by 1 or 2. If the Eagles win by exactly 3, it’s a push and your stake is returned.
Point Total: Bet on whether combined points will be over or under a number, such as 42.5.
Props: A popular prop is the Touchdown Scorer. Only the player who enters the end zone with the ball is the scorer for that play. A quarterback must run the ball in or catch a touchdown pass to win this prop, since throwing a touchdown pass doesn’t count.
Hockey
Moneyline: The standard option for betting on the winner without the spread.
Example: Flyers (−130) host the Rangers (+110). A $130 bet on the Flyers wins $100. A $100 bet on the Rangers wins $110.
Puck Line: Hockey’s version of a spread, usually 1.5 goals, identical in concept to baseball’s run line.
Example: Philadelphia −1.5 (+150) / New York +1.5 (−175). A $100 bet on the Flyers wins $150 if they win by 2 or more goals. A $175 bet on the Rangers wins $100 if they win outright or lose by 1 goal.
Boxing and Fighting
Moneyline: Bet on who wins the fight.
Example: Fighter A (−160) vs. Fighter B (+130). A $160 bet on Fighter A wins $100. A $100 bet on Fighter B wins $130.
Number of Rounds: Bet on whether a fight goes over or under a set number of rounds.
Example: O/U 10.5 Rounds (−120/+105). The over requires $120 to win $100. The under requires $100 to win $105.
Tennis
Moneyline: The most straightforward option, picking the winner of the match.
Example: Player A (−205) vs. Player B (+175). A $205 bet on Player A wins $100. A $100 bet on Player B wins $175.
Game Spread: Often offered when there’s a large skill gap.
Example: Player A is a −3.5 favorite, so they must win by 4 or more games to cover (for example, 6-4, 6-4).
Live betting: Very popular in tennis, since every point creates a new betting opportunity.
Soccer
3-Way Moneyline: Includes the draw as a possible outcome.
Example: France (−129), Draw (+250), Switzerland (+325). A $129 bet on France wins $100. A $100 bet on Switzerland wins $325. A $100 bet on the Draw wins $250.
Standard soccer bets are based on Regular Time: 90 minutes plus any added time for injuries and stoppages. Overtime, golden goals, and penalty shootouts don’t count.
2-Way Moneyline (“Draw No Bet”): Removes the draw. Pick a winner, and if the match ends in a draw, the bet is “no action” and your wager is refunded.
Example: France (−310) vs. Switzerland (+272). A $310 bet on France wins $100. A $100 bet on Switzerland wins $272.
2UP / Early Payout: On select pre-match moneyline markets with the 2UP / Early Payout badge, your bet is settled as a win if your team goes up by 2 or more goals at any point during regulation, even if the opponent comes back to draw or win. If your team never leads by 2, the bet settles on the full-time result, and a draw is a loss.
Example: You back the USA on a 2UP-eligible moneyline. If the USA leads 2-0 in the 60th minute, your bet pays out as a win immediately, whatever the final score.
Goal Lines: Soccer’s version of a spread.
Example: France −2.5 (+110) / Switzerland +2.5 (−120). A $100 bet on France wins $110 only if France wins by 3 or more goals. A $120 bet on Switzerland wins $100 if Switzerland wins, draws, or loses by 2 or fewer.
Totals: Shown in half-goal increments. The standard line is over/under 2.5 goals.
Golf
Outright: A bet on one player to win the tournament. Golf odds are based on a $100 stake. At +1000 (10:1), a $100 bet wins $1,000, for a total payout of $1,100.
Top 5 / 10 / 20: A bet that a golfer finishes within the listed position. If your golfer shares a finishing position, your payout may be reduced under the dead heat rule (below).
3-Ball, 2-Ball, and Matchups: Wagers based on the day’s pairings. 3-Ball offers are typically available Thursday and Friday, when players go out in groups of three. 2-Ball offers are typically available Saturday and Sunday. For larger events, special Matchups may be offered regardless of pairings.
- In 2-Ball and Matchups, if “Tie” is an option and you choose a golfer who ties, the bet is a loss.
- In 3-Ball, if two golfers tie for the best score, your payout is calculated using your decimal odds divided by two. If all three tie, it’s one-third of the original odds. Unlike the dead heat rule, it’s possible to be paid less than your original stake.
SixShooters: A group of six golfers. If your golfer posts the lowest score, you win. If your golfer ties for lowest, the dead heat rule applies.
Each-Way (e/w): An each-way bet is two wagers: one on your player to win, and one on your player to finish in a listed “place” position. Your entered amount is doubled to cover both bets. If you want to spend $20 total, enter $10, which puts $10 on win and $10 on place.
- If your player wins, you win both bets.
- If your player finishes inside the listed places, you’re paid the listed fraction of the win odds on the place portion.
Example: A player is +1000 (11.0 decimal) to win, and you play each-way at 1/5 odds for places 1-7. If the player finishes 2nd through 7th, the place bet pays one-fifth of the win odds: +200 (2:1, or 3.0 decimal).
Each-way with a shared position: Say that same player ties for 7th with one other player.
- 11.0 decimal odds − 1 = 10.00
- 10 × 1/5 (each-way terms) = 2.00
- 2.00 + 1 unit = 3.00
- 3.00 ÷ 2 (players sharing the position) = 1.5
The payout multiplier is 1.5, and it applies only to the place half of your stake. On a $20 each-way bet ($10 win, $10 place), the place payout is $10 × 1.5 = $15.
Dead Heat Rule: Applies when two or more players share a finishing position. Your stake is divided by the number of players sharing the position, multiplied by the number of places available, and then multiplied by the odds. Use decimal odds for this calculation.
Example: A golfer is offered Top 20 at +150 (2.5 decimal) and ties for 16th with enough others that 12 players share the position. Five places are available in that group (16th through 20th). On a $50 bet:
- $50 ÷ 12 = $4.17
- $4.17 × 5 places = $20.83
- $20.83 × 2.5 odds = $52.08 payout
Injuries, disqualifications, and withdrawals (golf):
- If your bet was placed before Monday of tournament week, it stands regardless of bet type or reason the player doesn’t start.
- If your bet was placed on or after Monday of tournament week and the player withdraws before starting, your bet is void only if it’s an Outright (winner) or Top Nationality bet. All other wagers stand.
For full details on how wagers are graded, see our Sportsbook Rules.
Common Questions
Think your wager was misgraded?
We use official sports scoring sites to grade wagers, and we’re happy to clarify any grading through support chat. Connect with support and provide your wager ticket number, and a live agent can confirm the result of your wager.
What happens to my bet if a player is injured or doesn’t play?
How a wager is handled when a player is injured, doesn’t start, or leaves a game depends on the sport, the type of bet, and when the wager was placed. Wagers are not automatically voided or refunded because of an injury. Our Sportsbook Rules explain how each type of wager is graded. If you have a question about a specific wager, contact support with your wager ticket number.
Where do I find my wager ticket number?
Go to My Bets (top widget bar on the Sportsbook page, or the bottom menu bar in the app) and open the bet to see its receipt.
Can I cash out my bet?
On selected sports, Cashout may be available for eligible bets. Check My Bets after placing your bet to see if it’s eligible. The cashout amount changes as odds change.
Why is my live bet taking a moment to process?
Live odds change quickly with the action in the game, so a slight delay while your bet processes is normal.
What does it mean when a bet is a “push”?
If the final result lands exactly on the spread or total, your stake is returned.
Still Need Help?
Connect with Support through chat and share:
- Your wager ticket number
- The sport, event, and date
- A screenshot, if you have one
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