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Lay down bets on your favorite games and teams with real sports betting at Kalispel Casino. Our convenient, self-service kiosks make it easy to get off the sidelines and into the action with straight bets, prop bets, parlays, and more. Disclaimer: Sports wagering may not be conducted on any minor league sport. Sports wagering may not be conducted on any Collegiate Sport Event or Collegiate Athletic Event offered or sponsored by a Washington state collegiate institution.
Before placing a sports bet at our kiosks, there are a few basic terms to understand. We will review the common forms of betting and how to understand each betting line, so you know the many ways to place a bet and win!
If you ever hear the term “straight bet” it is referring to a specific wager on a sports contest with a win or loss on the wager determined by a point spread, money line or total (over/under). Each of those straight bets differ in the following ways.
Most common in football and basketball, a spread bet is a wager on a single game with a point spread. To win, just bet on the team that will “cover” the spread. Covering the spread means the chosen team must win or not lose by a predetermined margin of points.
Additionally, each team in the contest is accompanied by a +/- next to the spread number. If a minus (-) is present that team is considered the favorite and if a plus (+) is shown that team is considered the underdog.
Spread Bet example:
The odds board shows Seattle is a six-point favorite against San Francisco.Seattle -6San Francisco +6
If you bet the spread on Seattle -6, they would need to win by 7 points or more to “cover” and thus you would win your bet.
If you bet on San Francisco +6, they would need to lose by 5 points or less to “cover” and thus you would win your bet.
If Seattle wins by 6 points exactly, it’s called a “push”, and your original wager is returned to you. In many cases, you will see point spreads that are denoted as +/- half increments (EX. Seattle -6.5). This is done to eliminate pushes. In this case Seattle still would need to win by 7 points or more to “cover” as there are no half point plays in football.
A money line bet is a bet on a specific team to win a contest without a point spread to cover. This is typical in hockey, soccer, and baseball. The favorite (-) and underdog (+) are given odds based on a $100 bet.
Money Line Bet example:
The odds board shows:Boston -200New York +120
Boston is the favorite at -200. This means to win $100 dollars you need to wager $200 on Boston to win. If Boston wins, you are paid the $100 win plus your original $200 bet for a total of $300.
If Boston loses, you lose your original $200 wager.
If you were to bet $100 on the underdog New York to win at +120 and they did, you would be paid $120 for the win plus your original $100 wager for a total payout of $220.
If New York loses, you lose your original $100 wager.
An over/under bet, sometimes referred to as a Total Bet, is made based on the total combined score of both teams at the end of a single contest. You can bet that either the final score will be over (O) or under (U) the total score set by the sports book. To determine the over/under on a specific contest, look at the odds board for a number typically listed as something like 155 for a college basketball game, 8 for a baseball game or 47 for a football game.
Additionally, an over/under bet is accompanied by an odds line. Sometimes the odds are even, for example both are +100. Sometimes the odds line differs, and one team may have the over at -120 and the under at +100. The odds determine your payout if you win your bet.
Over/Under Bet example:
The odds board shows a specific hockey game:O6 at -120U6 at +100
If you chose to bet the over at -120, you would need to place a $120 bet to win $100 if the final score is 7 or more. If you win the bet, your payout will be the $100 win plus your original $120 bet for a total of $22O.
If you chose to bet the under at +100, you would need to place a $100 bet to win $100 if the final score is less than 6. If you win the bet, your payout will be the $100 win plus your original bet for a total of $200.
If the final score totals 6 exactly, it’s considered a “push” and your original bet is returned to you.
Future bets are wagers placed on a contest that will take place at a distant later date. A wager on a game “tonight” is not considered a future bet, however a bet placed in August predicting the winner of the pro football championship held in February is considered a future bet.
An odds line accompanies each team as part of the futures bet. Odds frequently change leading up to the future bet’s contest. Your payout is determined by the odds at the time you placed your bet.
Future Bet example:
Prior to the start of football season, you place a $100 future bet on Seattle to win the championship at +800. If Seattle wins, your payout will be $800 for the win plus your $100 original bet for a total payout of $900. If Seattle doesn’t make the championship or does and loses you lose your $100 bet.
A parlay bet is when you combine multiple single bets (spread, moneyline or over/under) into one big bet for a larger payout. If any bet in the parlay loses, the entire parlay loses. If all the bets win, the parlay wins and you receive your payout based on the odds at the time the best was placed.
Parlay Bet example:
You parlay bets on the Green Bay -4, New York +5, and San Francisco -7. If all three teams win, the parlay wins. If even one team loses, the parlay loses.
If the parlay wins, the payout is larger than individual single bets. Calculating the payout yourself is more difficult than Sports Betting 101. The sports book will always calculate the payout for you.
A teaser bet is the same as a parlay bet, but you can shift the point spread in your favor. The payout is reduced, but your odds of winning increase. Just like in a parlay bet, you’ll need to win all your games to receive a payout.
A round robin is a series of smaller parlays created from a larger list of bets. For example, you can create a three-team round robin with three 2-game parlay bets.
Round Robin Bet example:
If you bet on New York -4, Seattle -3, and Green Bay +5, and New York does not cover, you still have the possibility of winning your parlay bet of Seattle and Green Bay.
A proposition bet is a wager not tied to the result of a contest.
Proposition Bet examples:
Action - Having a wager of any kind on a contest • “I’ve got action on the Arizona vs Florida game.”
Cover - For a favorite, to win by more than the point spread. For an underdog, to win the game or lose by less than the spread. • “Seattle covered the point spread, so I won $150.”
Line – Both the point spread or odds of a game. • Point spread example: “The line on the Michigan game -6” • Odds example: “The line on the Tennessee game is +120”
Off the Board - A game in which no wagering is available.
Pick/Pick ‘em - A game without a favorite or underdog, meaning the spread is zero.
