SCOREBOARD 101 (HOW TO BET)

How to place a bet

  1. Navigate to and choose your game or match
  1. Touch or click your bet type (single, parlay, live, etc) and add it to the bet slip
  1. From the Bet Slip, choose the amount you’d like to wager
  1. Double check your wager and understand how much you stand to win or lose
  1. Click “Place Bet”
  1. When appropriate check to see the outcome (win or loss)

BETTING TERMS

Odds

What are odds?

In simple terms, odds represent the probability that something will happen and indicate how much money you can win betting on that outcome if it occurs. 

American Odds

Oregon Lottery Scoreboard uses the American Odds system for sports betting, which uses a baseline value of $100.

Odds that represent events with greater than a 50% chance of happening (the favorite) are always represented by a minus sign (-). The value indicates how much a player needs to wager to win $100, with the larger the value representing a higher chance of the wager winning. For example, a selection with odds of -200 means a player will need to wager $200 to win $100 from a successful wager.  The total return to the player would be $300, made up of the $200 stake plus the $100 winnings.

Odds that represent events with a less than a 50% chance of happening (the underdog) are always represented by the plus sign (+). The value indicates how much a player could win from a $100 wager, the larger the value representing a lower chance of the wager winning. For example, a selection with odds of +500 means a player will win $500 from a successful $100 wager. The total return would be $600, made up of the $100 stake plus the $500 winnings.

Seattle vs Arizona Wager Sample – See Below

Market Types

Money line

A wager on which team/player will win the game straight up.

For example: Seattle Seahawks are playing the Arizona Cardinals.

Seattle: -225

Arizona: +185

A $10 bet on Seattle would return $14.44 if they win the game.

Spread

A spread is the number of points/runs/goals expected between the teams/player at the end of the game. Players can bet on the favorite team to win by more than the number of points or the underdog to lose by fewer points than this number or win straight up.  A favorite is always indicated by a minus sign and an underdog by a plus sign.

For example: Seattle is playing Arizona. The spread is:

Seattle -5.5: -110

Arizona +5.5: -110

A $10 bet on Seattle -5.5 would return $19.09 if they win the game by 6 points or more.

Total

Also called Over/Under, this is a wager on the total number of points, runs, goals expected in the game. Players can bet on whether the score will be over the total or under the total.

For example: Seattle is playing Arizona. The Totals market is as follows:

Over 48: -110

Under 48: -110

A $10 bet on Under 48 means that if fewer than 48 points are scored in the game, your return would be $19.09.

Prop bets

Proposition bets are wagers on something to happen, or not happen, in the game which might not be directly linked to the final score or outcome. These can be on something that will happen in the game like which team will score first or on individual players, such as how many points a player will score in the game.

For example: Aaron Rodgers is playing for Green Bay against Philadelphia. A player prop wager of his passing touchdowns is as follows:

Aaron Rodgers Over 1.5 Passing TDs: -190

Aaron Rodgers Under 1.5 Passing TDs: +140

A bet on Under 1.5 TDs would require Rodgers to throw 1.5 or less TDs in the game to be a winner. A $10 wager on the Under would return $24.

Period/Quarter/Half betting

Wagers can also be placed on a specific part of the game, so players can bet on things like the spread between two teams in the first half of a football game, the runs scored in the first innings of a baseball game or the total points in the 2nd quarter of a basketball game.

For example: Seattle is playing Arizona. The 1st half spread is:

Seattle -3.5: +100

Arizona +3.5: -120

Seattle would need to be leading by 4 points or more when the 1st half ends for a bet on Seattle -3.5 to be a winner. If so, a $10 wager on Seattle would return $20.

Futures

Futures are wagers placed on the outcome of a competition which might not take place for days, weeks or even years. These can range from betting on which team will win a competition to which player will score the most goals in a soccer league season or who will be MVP in the Super Bowl.  Futures bets can be found in the league view and then clicking on Futures next to game odds.

For Example: Tiger Woods has entered the US Masters and you place a bet of $10 on him to win at odds of +1000. If he wins the tournament, the bet would win with a profit of $100.

Bet Types

Single

A single or straight bet is a wager on a single outcome in a game or tournament. If that selection wins, you win the bet.

Parlay

Parlays are a way of placing multiple bets at the same time as one bet to increase the final payout and generate bigger wins. The more selections you add to the multiple, the higher the potential payout. Every selection must win for a parlay bet to be a winner.

For example: The Warriors are -200 and the Seahawks are +200 to win their games on a weekend. A parlay with these two selections would give odds of +350, with both teams needing to win for the bet to be a winner.

Pre-game

Pre-game betting involves placing a bet before a tournament or game has started.

Live

Live betting involves placing a bet while the tournament or game is happening. Live betting allows you to place bets in real time which could reflect the current score and on specific actions that might take place.

Example: The Portland Timbers v Real Salt Lake is tied at 1-1 after 70 minutes play. Live betting allows you to bet on the team to score the next goal.

Timbers: +250

No Goal: -175

Real Salt Lake: +400

            Live