CAZ Guide To Sports Betting. The Betting Game Made Easy
Welcome to the CAZ Sportsbook. This guide will help you understand the basics of a sportsbook and how to place a bet. Wagering can get complicated, we’ll do our best to keep is simple here. Our knowledgeable, friendly sportsbook staff is always available to answer any of your questions. Feel free to refer to our sportsbook rules located within the sportsbook or on-line at casinoarizona.com/casino/sportsbook/sportsbook-house-rules/
The Sportsbook at CAZ Sports Bar
Located in the CAZ Sports Bar on the south end of the casino floor, The Sportsbook is a sports fan's paradise with betting kiosks and 46 4K screens displaying all the live action. As you enter CAZ Sports Bar, look for the sheets list displaying the matchups and odds for the games. There are also odd boards on monitors and self-service kiosks to place your wager.
Types of Wagers
Straight Bet
Most common method of betting. These are bets on a game where result is determined by the money line, total points or point spread.
Parlay
A parlay is a single bet where two or more teams are selected. It has a higher payout than individual bets, but all the teams or selections in the parlay must win. If one team loses, the bet is a bust. If there is a tie for one of the picks, the parlay will revert to the next lowest amount of the selections. For example, if you made a four-bet parlay, a tie would reduce it to a three-bet parlay.
Futures
This betting on a future event. For instance, betting on which team will win an upcoming football, baseball or basketball championship.
Prop Bets or Propositions
These are bets made during a game which focus on particular outcomes within the game, such as how many yards will this player will rush for? Or will that player hit a home run? These kind of bets are usually offered on popular games or events. The Super Bowl has more prop bet options than any other sporting event.
Sports Book Terminology
Point Spread
The most common bet. It’s the number assigned to a game in which the favorite must win by. The underdog is given points and could lose the actual game but if its within the point spread, you still win the bet. The favorite is indicated by a minus (-) next to the point spread. The underdog is indicated by a plus (+).
Example: Cardinals -6 vs Cowboys +6. If you bet the Cardinals on the point spread, they must win by more then 6 points. If you bet the Cowboys +6, that means you have 6 additional points to their final score. If the Cardinals win the game 23-20, the Cowboys +6 would win. If the Cardinals win 27-20, the Cardinals win the bet -6 because they won the game by more than 6 points.
Money Line
This is the odds to win the game with no point spread involved. Often a three-digit number. The favorite to win will have a minus number associated with it. The higher that number, the higher the probability of them winning the game, however that number is what you would have to bet based on $100. The underdog, indicated by the positive number, is what you would win on a $100 wager.
Example: The Cardinals -800 vs Lions +500. If you think the Cardinals will win the game, you must bet $800 to win $100. They are a big favorite. If you bet the Lions at +550, you would win $550 on your $100 bet.
Total
A bet on the total of the final score of both teams. If the Rams vs Patriots total is 44.5, that means the total final score is going to either be over that total or under that total. This is also referred to as the over/under.
Example: The final score is 26-20. If you bet the over 44.5, you win your bet. If you bet the under, you lost the bet. There are also odds attached to the total, usually -110. That means you have to bet $110 to win $100.
Sports Betting Jargon and Definitions
| Action | A Bet or Wager |
| Book or Sportsbook | An establishment that accepts bets on sporting events |
| Chalk | The favorite in a game or match |
| Cover | Winning by more than the point spread |
| Dog or Underdog | The team that people think is likely to lose |
| Favorite | The team that people think is likely to win |
| Juice or Vig | The sportsbook or book makers commission |
| Laying the Points | Betting the favorite on the point spread |
| Line | The current odds on the game. Could refer to the spread or money line |
| No Action | A bet that is refunded because no win or loss will be determined. |
| Off the Board | A game in which no bets will be taken. Often occurs when there is an unforeseen event that would cause a change in the odds |
| Opening Line | The earliest line posted |
| Over | The total of the final score is more than the posted total |
| Under | The total of the final score is less then the posted total |
| Pick or Pick’em | Neither team is favored. It’s a toss up. |
| Point Spread | The margin of points that the favored must win |
| Puck Line | Hockey’s point spread |
| Push or Tie | The event ends with no winner or loser. Could occur also with the point spread |
| Run Line | Baseball’s point spread |
| Straight Up | Winning the game without a point spread. Usually used in reference to a money line bet |
| Taking the Points | Betting on the underdog with the point spread. Getting points. |
FOOTBALL
Most common betting options are point spread, total (over-under) and money line.
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1:00pm |
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CARDS |
-7 |
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45 |
-340 |
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WASHINGTON |
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265 |
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The first number (-7) is the point spread. In this game, the Cards are seven (7) point favorites over Washington. The juice or vig is commonly -110. Meaning if you selected either the Cards -7 or Washington +7, it would cost you $110 to win $100. The Cards would have to win by more then 7 points if you bet them on the point spread. If you took Washington, you get 7 points. In other words, you could lose by less the 7 points and win the bet. If the final score is determined by 7 points exactly, that’s a push and you would be refunded your bet.
The second number is the total or over/under. If you bet the over, the total of the final score must be more then 45. If you bet the under, the total of the final score must be under 45. If the total equaled 45, your bet would be refunded. The juice or vig is usually -110. There are no point spreads with totals bets.
The third number is the money line. The favorite, as indicated by the minus, is the Cards at -340. The underdog is Washington at +265. No point spreads are involved. This is simply to win the game. Remember, the amount next to the favorite is what you must bet, in this case $340, to win $100. The number next to the underdog is what you win on a $100 wager, in this case $265.
Point spreads, totals and money line odds could change for a variety of reasons. The number at on the kiosk is the most current odds. The odds you have are the odds at the time of your bet.
There are other options to bet on during a football game, like quarter, half and props and parlays.
Basketball
Basketball wagering is similar to football and the listings look the same.
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9:00P |
HEAT |
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216.5 |
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270 |
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LAKERS |
-7.5 |
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-350 |
The terminology and methods of betting basketball are the same as football.
Parlays and other options are also offered in basketball.
Baseball
Baseball wagering is a little different than football and basketball.
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7:10P |
D-Backs |
G. COLE |
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-1.5 |
110 |
7.5 |
105 |
-115 |
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TBS |
RAYS |
T. GLASNOW |
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1.5 |
-130 |
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-125 |
135 |
The first number is called the run line. It works similar to the point spread except the usual standard is +/- 1.5 runs. This is the probability that the team will win or lose by that 1.5 runs. In many cases, sportsbooks will offer alternate run lines where you could switch or flip the run line. The odds will change accordingly. So if you bet the D-Backs -1.5 runs, they would have to win the game by 2 runs or more. If you bet the Rays, they could lose the game by 1 run but win the bet.
The second number is total runs or the over/under. In this case its 7.5 runs. The odds on the over/under will vary unlike football and basketball. There could be times where the numbers are equal.
The third number is the money line. This works the same as all other sports.
There are also options of having action on your bet only if the listed pitcher starts the game.
Parlays are available for baseball.
HOCKEY
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COYOTES |
-1.5 |
170 |
5 |
-135 |
-155 |
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STARS |
1.5 |
-190 |
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115 |
135 |
Hockey wagering is similar to baseball.
The first number you see is the puck line. This is how many goals the team must win by. Puck line is similar to baseball’s run line.
The second number is the total number of goals scored.
The third number is the money line.
Unless otherwise noted, overtime is included in your selection. The shootout winner is awarded 1 goal to the total.
SOCCER
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EVERTON |
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275 |
180 |
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LIVERPOOL |
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-115 |
-250 |
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290 |
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Because soccer games often end in ties during regulation, you have the choice of betting off the 2-way line or 3-way line. Soccer also offers an over/under.
When betting a two-way line, the team must win the game in regulation.
When betting a three-way line, the team must win the game. You also have the option of betting a draw. In order to win your bet in the event of a tie, you must bet the draw.
The over/under and spread work the same way as the other sports.
MMA- BOXING
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CHRIS DAUKAUS |
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210 |
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RODRIGO NASCIMENTO |
-270 |
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In most cases, the match offers a money line as the main option. This is the same as the money line in all the sports. The side you bet must win the fight. Sometimes prop bets are offered such as total rounds and method the fight will end.
AUTO RACING
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MARTIN TRUEX JR |
7/1 |
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CHASE ELLIOTT |
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250 |
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BRAD KESELOWSKI |
14/1 |
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Auto Racing offers a different selection of odds. In this case, you are simply selecting who you think will win the race. Let’s say you chose Martin Truex Jr at 7/1. If you bet $100 and he won the race, you’d win $700.
In most sports where you’re selecting a winner from a large field, this will be the method of betting and paying out.
Must be 21. If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.