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NFL football bets for Super Bowl 55 are shown to observers at the Circa sports resort and casino, Wednesday, Feb. 3, 2021, in Las Vegas.

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Sports betting jargon spreads Super Bowl coverage, and all the attention given to the spread and odds would make you think that Las Vegas oddsmakers have an understanding that we all lack.

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Not exactly. The betting lines specified in the sports book are ultimately specified by Joe and Jill Gambler, not the bookies. The first names will reflect the expertise of the oddsmakers, but these names often change in the days leading up to the game.

That’s because gambling sites try to find balanced bets – in other words, ensure that there will be enough lost by bettors to cover the amount won, regardless of which team comes out on top or how much. So if too much money is bet on a team or result, the sportsman will adjust the point spread and payout to attract the bettors to other ways.

To understand how everything works, it helps to speak the language. Here’s a guide to important words.

Moneyline Betting: This is a simple game to bet on which team will win the game. To encourage more people to bet on the underdog, especially if it’s a team expected to lose, the sportsbook will offer a higher payout for betting on the underdog than the favorite.

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If customers bet too much on one team, the bettor will reduce that team’s payout and increase another to try to balance the bets. Your payout, however, will be whatever the sportsman promised at the time you placed your bet.

Betting on football may be legal across the country now, but not in California. If you are confused by the increase in gambling ads, we are here to help.

Line betting: Here, bettors bet whether or not the favorite will win by as many points as the sports book predicts. This is where the point spread is – the number + or – after the team name on the betting line. If a team is favored by 7 points, its line will be 7, which means that if you bet on this team, you will need to score 8 points more than your opponent to win. Likewise, if you bet on the other team at +7, you only need to lose no less than 7 points (or win outright) to collect. You will get your money back in the case of a tie, which is why sports books often put the spread of points in half points – + or – 6.5 points instead of 7, for example.

As with money call betting, the bettor can adjust their payout if the bet comes out strong on the other side of the bet. Most likely, however, is that it will change the distribution of the article. This change only affects new bets, not those already placed.

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Total bet: Also called an over/under bet, this bet involves the total number of points scored by both teams, regardless of who scores (or wins). You bet on whether or not the total will be more or less than the amount predicted by the sportsbook.

In-game betting: Depending on the sportsbook, bettors can make new bets, often with new odds, after the game has started. For some bettors, in-game betting is a hedging strategy to help manage unexpected events. For others, it’s just an opportunity to put more money at risk.

Super Bowl visitors, don’t try to go from Santa Monica to Pasadena for coffee, or from Inglewood to Anaheim for sightseeing. Try these instead.

Betting Tips: This bet involves luck. Right now, for example, you can bet that President Biden will nominate California Supreme Court Justice Leondra R. Kruger to the U.S. Supreme Court. In the Super Bowl, there will be a betting proposal that includes things like who will win the coin, how many songs will be played at halftime and who will be the main player in the game.

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Payout calculation: Sportsbooks pay out winners based on the odds placed during the bet. But probabilities are often expressed in a, well, strange way: as a positive or negative three-way number. To see how much a winning bet will pay in addition to the bet amount, you need to convert this number to a decimal, then multiply it by the bet amount.

If the group is popular – has a negative number – calculate the decimal by dividing 100 by the negative number, ignoring the minus sign. For example, if the team is -200, the decimal will be 100/200, or .5, so a bet of $ 10 will pay $ 10 and $ 5. If the team is the one with no trap – there is a positive number – calculate the decimal by dividing a positive number by 100. For example, if the number is +150, the decimal would be 150/100, or 1.5. So a $10 bet will pay $10 and $15.

Sportsbooks often use self odds and a percentage of each bet. So if neither team was favored, both will have odds of -110, which means they will pay $9.09 and $10 for a $10 bet.

Prep Rally is dedicated to the SoCal high school sports experience, bringing you articles, stories and a behind-the-scenes look at what makes prep sports popular.

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Jon Healey is currently a senior editor on the Work Environment Information team, striving to help readers solve problems, answer questions and make big decisions about life in and around Los Angeles. He was a columnist and editor for The Times from mid-2005 to August 2021, and reported on technology news from 2000 to mid-2005. You will learn in another article what “good” and “bad” means, but first let’s learn the basics. Most bets are marked the same on tables in all casinos, so in general, all craps tables look the same, except for cosmetic differences such as color and letter/number style. Some casinos offer some extra bets, such as Hop bets, Big 6 and 8, and “no crap.” This bet is always clearly marked on the layout so you can easily know what the casino is offering. Note: If you are unfamiliar with some of the terms in this article, please refer to the other articles to read the referenced introductory material. Understanding the basics of the game will make understanding Pass Line and other bets easier.

The “Pass Line” is clearly marked as such on the building near the apron. At each end of the table, a passing line extends around the perimeter of the playing area for easy access to all players. The pass line is known as “the front line.” You often hear the stickman say, for example, “Winner, winner, winner first.”

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A Pass Line bet is a bet for yourself, which means that you made this bet yourself (that is, you placed your chips on the Pass Line yourself without the help of the dealer). Unless you have a physical disability, the other time a dealer will make a Pass Line bet for you is when you don’t have the right chip and need a change. For example, let’s say you have all of $25 in chips and want to make a $10 Pass Line bet. Get the dealer’s attention and put one of your green chips in the box that says Come and say, “Ten in a row, please.” If the seller does not respond quickly, then you do not have their attention. Don’t be shy in this situation because if the stickman pushes the dice on the shooter and rolls them while your $25 chip is in the Come box, the staff thinks you made a $25 bet and you’re stuck with it. Wave to the cashier, point to your chip, and yell, “Ten in line, please.” He will pull down the $25 chip and replace it with $5 chips. You will then place two $5 chips on the Pass line in front of you and three more $5 chips on the apron in front of you. Before the stickman pushes the dice on the shooter, take your three chips from the deck so the clerk doesn’t think you’re trying to make a $25 Pass Line bet instead of just a $10 bet.

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Are you ready? Let’s make your first craps bet. While the stickman controls the dice in the middle of the table