What’s a Money Line? A Beginner’s Guide to Betting Football in Vegas

More money is bet in Nevada on Football than on any other sport. Whether you’ve bet before or you’re just getting started, there are a few betting basics you should know. Not to worry – we break it down for you here.

Football betting is simple. Just tell the ticket writer the number of the team you wish to bet and the amount of your wager. And if you download and sign up for a sports betting app like the STN Sports App, you can bet from anywhere in Nevada.

The minimum bet for any sporting event is $5. If your team covers the point spread, you win. The payout is usually figured at odds of 11 to win 10. For example, a wager of $11 would win $10 for a total payout of $21.

Here’s what else you should know.

Betting the Point Spread

When betting a Football game, the team you bet must “cover the spread.” In other words, they must win or lose by less than a stipulated margin of points.

Example:

101: Cowboys (+130 ML)

102: Steelers -3 (-150 ML)

Total: 47

In this example, the bet number of the Cowboys is 101. The bet number of the Steelers is 102. The bottom team is always the home team unless otherwise specified. Therefore, the Steelers would have the “home-field advantage.”

The point spread is always placed to the immediate right of the team that is favored.

In this example, the Steelers are the favorite and must win by at least 4 points for you to win your bet. The Cowboys are the underdog. They are getting 3 points. Therefore, the Cowboys would be declared the winner for betting purposes, if (1) they win the game outright; (2) the game ends in a tie, or (3) they lose the game by not more than 2 points. If the Steelers win by precisely 3 points, the result is a “push” and bets on both teams are refunded.

NOTE: Point spreads fluctuate. The listed point spread at the time of your transaction may be different than the opening or closing point spread on the game. However, the point spread in effect at the time you make your wager is official for betting purposes.

The “47” in this example is the TOTAL (also called the OVER/UNDER). You may wager that the final score of the game will be more than or less than this amount.

To compute the OVER/UNDER, simply add the final scores of each team. This is an independent wager, so it makes no difference which team covers the point spread. The odds are 11 to win 10, unless stipulated otherwise. Overtime counts when betting the total.

Betting the Money Line

On certain games, bettors have the option of disregarding the point spread and wagering on a team to win the game.

The Money Line is used to display these odds. In this example, one could bet the Steelers at odds of –150 instead of laying 3 points. One wins this bet if the Steelers win the game. The margin of victory is of no consequence. A $15 wager on the Steelers would win $10 for a payback of $25, or a $150 wager would win $100 for a payback of $250. A $100 bet on the Cowboys would win $130 for a payback of $230.

BUYING HALF POINT OR MORE On Football and basketball straight wagers, Players may buy a half point or more by laying 6 to win 5 (-120), or additional (0.10) or more from the current odds, on certain wagers selected by management.

Betting a Football Parlay

“Straight bet” wagers on one team against the point spread are the most common type of football bet. However, you may also combine several teams into one bet. This is known as a parlay. In football, one may parlay 2 to 8 teams. All teams and totals must cover the point spread to win the bet.

The odds are as follows:

  • 2 teams . . . . . .13/5
  • 3 teams . . . . . . .6/1
  • 4 teams . . . . . . .11/1
  • 5 teams . . . . . .22/1
  • 6 teams . . . . . 40/1
  • 7 teams . . . . . 80/1
  • 8 teams . . . . . 150/1

Remember that your bet is refunded in over-the-counter parlays in addition to your winnings. Thus, a $50 2-team parlay would win $130, for a total return of $180.

NOTE: Any game or total resulting in a “push” or tie vs. the point spread reduces the parlay one notch. For example, a 5-team parlay with 4 winners and 1 “push” becomes a 4-team parlay. A 2-team parlay with 1 winner and 1 “push” is considered a straight bet. Parlay card payouts and rules may differ from over-the-counter parlays.

In the event of a wagering tie, a 2-team teaser is deemed “No Action,” and all money wagered is refunded. A tie in a 3-team teaser reduces the wager to a two-team teaser, etc. Ten-point Teaser Special: College football only. Pays 5 to 6. Ties lose on 10 point Teaser Special.

Station Casinos Parlay Cards

These are extremely popular, offering the potential for a large return on a small bet. A parlay card bet can be placed for as little as $2.

In addition, there may be numerous different types of parlay and teaser cards to choose from during football season. Cards are distributed at the various locations in the Sports Book and at other convenient locations throughout the casino.

Simply darken the boxes that apply to the teams in your parlay. Likewise, darken the box that applies to the desired number of teams and bet amount. Bring the card to any Sports Book ticket writer and receive your betting slip (receipt). It’s as simple as that.

NOTE: Rules and payouts on parlay cards are slightly different from other parlays. These rules are spelled out clearly on the back of each card. Please read rules carefully before making your wager.

What are Football Teasers?

You have the option of “teasing” the point spread up or down a specified number of points on multiple games.

In other words, you may modify the point spread by adding points to an underdog and/or subtracting points from a favorite.

We offer 6, 6 1/2 and 7-point Football teasers.

 

Betting From Your Phone in Nevada

Ready to give this a shot? If you can’t make it out to the sportsbook, you always have the STN Sports App. In fact, a majority of bettors are now shifting to a combination of “over-the-counter” bets at sportsbooks AND betting with a  mobile app.

Download the STN Sports App and get set up to make the games that much more exciting.

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