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If the point is 4, 5, 9, or 10, match your bet. When the shooter makes their point, you'll get a much bigger payoff. Most casinos allow you to take double odds on you Pass Line bet.

Your Pass Line bet has a house edge of 1. The Odds bet has no house edge, so by taking it you lower the house edge on your overall wagers.

A Pass Line bet with single odds has a house edge of 0. Over the last few years, many casinos have allowed players to take larger odds bets.

Some casinos compete with each other to see who can offer the highest odds, up to times odds. Although this sounds great, it is impractical for average players to wager this much unless they have a very big bankroll.

With this system, players are allowed to take three, four, or five times odds, depending on the point number.

You can get odds on Come Bets too. By Bill Burton. Things You'll Need. Related Articles. Article Summary. Method 1 of Understand the fixed-odd, money-line bets.

Fixed-odd bets are the simplest to play and learn. For any given event or game, a win-loss outcome is given a probability, which you can bet for or against.

Sometimes they're portrayed as a fraction or a decimal, which will be multiplied by the amount of money you put down as a bet to result in the payout.

This would be a likely odds if the Sharks were heavily favored to win. Understand the point-spread betting system. The point-spread system is used by handicappers and bookers to generate interest in putting money on the game by providing a range of possible outcomes to even the action.

It's not an indicator of the odds, and isn't always indicative of the smartest bet. Rather, it's meant to generate bets for teams that are unlikely to win.

The point-spread system is used to ensure that enough bets will be placed for either team to cover the betting.

Say a spread of 10 is given in the Bears-Sharks game, and the Sharks are favored to win. If the Bears score plus the spread ends up with a total number of points greater than the points the Sharks scored in the game, bets against the spread would win, while bets with the spread would lose.

Ignore parlays, teasers, and other betting shortcuts. Bookmakers, in an attempt to extort as much money as possible from betters with incredible-looking odds but extremely low-probability outcomes, have invented all sorts of exotic-play bets that are to your advantage to ignore completely.

The odds are simply not in your favor. If it seems to good to be true, that's because it is. If you're interested in side or additional bets to make the action more interesting, consider placing total bets.

Total bets are usually placed as side bets additional to a spread or fixed-odd bet, in which you bet on the total number of points scored. These are common panel-features of sports talk shows and can offer compelling action.

Find the smart money bet. A smart-money bet is the opposite of what the bookies want you to make. Professional sports bettors, also known as "sharps" will often make smart money bets by calculating their own odds and consolidating a variety of bookmakers numbers from different sources to create a composite odd from which they place bets.

For you, that might mean looking at several bookmakers numbers and making the most-informed choice. When you've decided how you're going to bet, make it quickly and lock in the odds at that point, don't wait until conventional wisdom changes the odds out of your favor.

Consider the intangibles. What are the weather conditions set to be like for the game? Who seems to have the most momentum? Who feels right in your gut?

There's more to betting on a game than tangible statistics. If you're a fan of and very familiar with the sport you're betting on, go with your gut.

Consider the intangible, unquantifiable factors that can affect the result of a game. Often, intangibles are also taken into account when bookies make the odds.

If a player is out with injury or in the middle of a slump, these things are factored into the odds-making. But there's also a more difficult to qualify aspect to wins and losses that you can only get by watching lots of sports and making educated picks.

Don't just bet on your favorite teams. A classic rookie mistake is making uninformed bets on the teams that you like because you think that'll make the game more interesting.

It won't. You have rosy-tinted glasses when it comes to your home team, and the game's already exciting for you since you're a fan.

Only bet on teams with good odds that feel right. Find a bookmaker and place your bet. Many online and Vegas-based bookmakers are available for you to place bets with in a regulated and semi-legal form.

In-person bookmaking is illegal, but online venues based primarily in Las Vegas operate in a semi-legal gray area, making it a popular choice for sports bettors.

In the UK and elsewhere, online bookies operate similar operations that you can take advantage of for the same events, generally speaking.

Pick a hard line and stick to it. Placing bets on sports can suddenly make a game between two teams in the basement of the standings seem like the Super Bowl.

It can be fun and add a little life into your regular sports-watching, but it can also be addictive and easy to get in over your head.

Select a reasonable amount of money you're willing to invest in a season, a game, a year, or a sport, and stick to that amount.

Never bet more than you're willing and able to lose, and only bet to keep the game interesting and fun. It's not a sustainable way to make money consistently, and can become addictive.

Be careful. If you suspect you might have a problem, get help immediately and stop gambling. Gambling is a serious addiction that affects people all over the world, and it can be very difficult to quit alone.

Learn when you have a problem and take the necessary steps to kick your habit. Method 2 of Set aside an amount of money to invest and stick to it.

If you want to see what the casino game is all about, decide on an amount of money you're willing to lose as a way of investing and then know when to quit.

Gambling is addictive and can be dangerous, and spending more isn't a reliable way of making your losses reappear. Play games of skill over games of chance.

Games in which you play an active role in the outcome of the game result in smarter bets than games in which chance plays a larger role.

In general, the smartest game is always poker , both in video form and in person, as long as you've got the skills to play. The smartest casino bets are those made in the midst of a poker game by a player who knows how to play.

Learn to play poker well and make smart bets if you want to make money at the casino. Pure chance games like roulette, keno, and state-run lotteries offer the worst odds, making your investment worth the least in the long-run.

If you want to make smart bets, bet on games in which your decisions and your play have some effect on the outcome.

Games like blackjack, craps, and baccarat offer better outcomes and smarter investments than other kinds of casino betting. Learn basic blackjack strategy.

Blackjack is still a game in which chance plays a huge role, but learning the proper strategy can help you make smarter bets and blackjack offers decent player odds you can learn to take advantage of.

Basic strategy is a tabulation of odds that smart plays memorize and use to make the most probable bets and decisions at any point in the game.

Learn when to stand, when to hit, and when to split or double down. It's not illegal, but it is generally against the house rules, making it something that pit bosses have learned to keep an eye out for.

Make no-pass bets at the craps table. If you want to shoot craps with the high-rollers, bet against the roller. No-pass bets offer slightly better odds than pass bets, even if the roller makes point.

Consistently placing no-pass bets still gives an advantage to the house, but it's not a bad one. Bet on the dealer in baccarat.

Like craps, baccarat is a relatively simple up or down game when you learn the ins and outs. In baccarat, you either bet the dealer will win or the player will win, and the game is played by passing the shoe around the circle and dealing out two hands one dealer hand, one player.

The rules for taking a hit favor the house slightly, though the odds are incredibly close, making dealer bets always the smarter option, by a hair.

Look for recently-abandoned slot-machines. While it's bad form to patrol the casino floor for people about to leave slot-machines and is against the rules in some places keep an eye out for people who've been sitting at a machine for hours without hitting any big pay-offs.

When they get up to leave, play a few rounds. Those machines are statistically more likely to hit now. Method 3 of Turn water into whiskey.

Ask the bartender for a shot of whiskey and a short glass full of water, then bet your friends you can switch the liquid in the glasses without using a third glass, and without putting either of them in your mouth.

If you can't do it, the next round is on them. The trick is, you'll be able to do it every time.

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Making bets can liven up a sporting event, a card game, or even a boring night out with friends at the bar. Whether you want to put casual wagers of a few dollars or a round of drinks on an outcome, or you want to make more formal point-spread bets with the Vegas bookmakers, we've got you covered.

You can make informed bets on sporting events, casino games, and friendly bar wagers with wikiHow help. See Step 1 for more information.

To bet on sports, decide if you want to place a fixed-odd bet, where you bet on a win-loss outcome, like whether one team will win or lose, or a point-spread bet, where you bet against the final spread of points scored in the game.

Once you decide on the type, determine how much money you're willing or able to risk, then place your bet online through a bookmaker.

For more tips, including how to make other types of bets, like at the casino or the bar, read on! Did this summary help you?

Yes No. Please help us continue to provide you with our trusted how-to guides and videos for free by whitelisting wikiHow on your ad blocker.

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Learn why people trust wikiHow. Explore this Article methods. Tips and Warnings. Things You'll Need. Related Articles. Article Summary.

Method 1 of Understand the fixed-odd, money-line bets. Fixed-odd bets are the simplest to play and learn. For any given event or game, a win-loss outcome is given a probability, which you can bet for or against.

Sometimes they're portrayed as a fraction or a decimal, which will be multiplied by the amount of money you put down as a bet to result in the payout.

This would be a likely odds if the Sharks were heavily favored to win. Understand the point-spread betting system. The point-spread system is used by handicappers and bookers to generate interest in putting money on the game by providing a range of possible outcomes to even the action.

It's not an indicator of the odds, and isn't always indicative of the smartest bet. Rather, it's meant to generate bets for teams that are unlikely to win.

The point-spread system is used to ensure that enough bets will be placed for either team to cover the betting. Say a spread of 10 is given in the Bears-Sharks game, and the Sharks are favored to win.

If the Bears score plus the spread ends up with a total number of points greater than the points the Sharks scored in the game, bets against the spread would win, while bets with the spread would lose.

Ignore parlays, teasers, and other betting shortcuts. Bookmakers, in an attempt to extort as much money as possible from betters with incredible-looking odds but extremely low-probability outcomes, have invented all sorts of exotic-play bets that are to your advantage to ignore completely.

The odds are simply not in your favor. If it seems to good to be true, that's because it is. If you're interested in side or additional bets to make the action more interesting, consider placing total bets.

Total bets are usually placed as side bets additional to a spread or fixed-odd bet, in which you bet on the total number of points scored.

These are common panel-features of sports talk shows and can offer compelling action. Find the smart money bet. A smart-money bet is the opposite of what the bookies want you to make.

Professional sports bettors, also known as "sharps" will often make smart money bets by calculating their own odds and consolidating a variety of bookmakers numbers from different sources to create a composite odd from which they place bets.

For you, that might mean looking at several bookmakers numbers and making the most-informed choice. When you've decided how you're going to bet, make it quickly and lock in the odds at that point, don't wait until conventional wisdom changes the odds out of your favor.

Consider the intangibles. What are the weather conditions set to be like for the game? Who seems to have the most momentum? Who feels right in your gut?

There's more to betting on a game than tangible statistics. If you're a fan of and very familiar with the sport you're betting on, go with your gut.

Consider the intangible, unquantifiable factors that can affect the result of a game. Often, intangibles are also taken into account when bookies make the odds.

If a player is out with injury or in the middle of a slump, these things are factored into the odds-making. But there's also a more difficult to qualify aspect to wins and losses that you can only get by watching lots of sports and making educated picks.

Don't just bet on your favorite teams. A classic rookie mistake is making uninformed bets on the teams that you like because you think that'll make the game more interesting.

It won't. You have rosy-tinted glasses when it comes to your home team, and the game's already exciting for you since you're a fan.

Only bet on teams with good odds that feel right. Find a bookmaker and place your bet. Many online and Vegas-based bookmakers are available for you to place bets with in a regulated and semi-legal form.

In-person bookmaking is illegal, but online venues based primarily in Las Vegas operate in a semi-legal gray area, making it a popular choice for sports bettors.

In the UK and elsewhere, online bookies operate similar operations that you can take advantage of for the same events, generally speaking.

Pick a hard line and stick to it. Placing bets on sports can suddenly make a game between two teams in the basement of the standings seem like the Super Bowl.

It can be fun and add a little life into your regular sports-watching, but it can also be addictive and easy to get in over your head. Select a reasonable amount of money you're willing to invest in a season, a game, a year, or a sport, and stick to that amount.

Never bet more than you're willing and able to lose, and only bet to keep the game interesting and fun. It's not a sustainable way to make money consistently, and can become addictive.

Be careful. If you suspect you might have a problem, get help immediately and stop gambling. Gambling is a serious addiction that affects people all over the world, and it can be very difficult to quit alone.

Learn when you have a problem and take the necessary steps to kick your habit. Method 2 of Set aside an amount of money to invest and stick to it.

If you want to see what the casino game is all about, decide on an amount of money you're willing to lose as a way of investing and then know when to quit.

Gambling is addictive and can be dangerous, and spending more isn't a reliable way of making your losses reappear. Play games of skill over games of chance.

Games in which you play an active role in the outcome of the game result in smarter bets than games in which chance plays a larger role.

In general, the smartest game is always poker , both in video form and in person, as long as you've got the skills to play. The smartest casino bets are those made in the midst of a poker game by a player who knows how to play.

Learn to play poker well and make smart bets if you want to make money at the casino. Pure chance games like roulette, keno, and state-run lotteries offer the worst odds, making your investment worth the least in the long-run.

If you want to make smart bets, bet on games in which your decisions and your play have some effect on the outcome. Games like blackjack, craps, and baccarat offer better outcomes and smarter investments than other kinds of casino betting.

Learn basic blackjack strategy. Blackjack is still a game in which chance plays a huge role, but learning the proper strategy can help you make smarter bets and blackjack offers decent player odds you can learn to take advantage of.

Basic strategy is a tabulation of odds that smart plays memorize and use to make the most probable bets and decisions at any point in the game.

When the shooter makes their point, you'll get a much bigger payoff. Most casinos allow you to take double odds on you Pass Line bet.

Your Pass Line bet has a house edge of 1. The Odds bet has no house edge, so by taking it you lower the house edge on your overall wagers.

A Pass Line bet with single odds has a house edge of 0. Over the last few years, many casinos have allowed players to take larger odds bets.

Some casinos compete with each other to see who can offer the highest odds, up to times odds. Although this sounds great, it is impractical for average players to wager this much unless they have a very big bankroll.

With this system, players are allowed to take three, four, or five times odds, depending on the point number. You can get odds on Come Bets too.

By Bill Burton. Updated November 04,

Posted by Fenrizahn

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