While Vegas sports betting has been legal for quite some time, and the only place where sports fans could legally place bets in the United States for decades, it is still making record-breaking revenue for the state of Nevada year after year.
It’s hard to walk down the Vegas strip without finding a land-based sportsbook where you can place a multitude of sports bets. Most visitors who come to Vegas choose to stay on the strip, making it likely that the hotel they stay in has an easily accessible sportsbook.
As if Vegas wasn’t already a substantially popular tourist destination, with the addition of sports teams like the Vegas Golden Knights and the Oakland Raiders moving to Vegas this upcoming NFL season, Vegas will see even more foot traffic in coming years. Not to mention they regularly host huge sporting events like UFC and boxing fights that bring in millions in revenue.
While the question of whether you can bet on sports in Vegas is a bit redundant, as Nevada has always been grandfathered in and not subjected to PASPA rules, it’s still important to know the legislation around sports betting in Vegas.
Vegas Sports Betting Options
Aside from offshore sportsbooks, Vegas will have the most comprehensive and advanced betting structures compared to other states who just recently legalized sports betting. They offer a variety of different betting types and it’s great to get to know each betting option so you can make the right bet depending on which game or match you plan to wager on.
Betting on the moneyline in Vegas is the most popular option and a common betting type across the United States. It would be the standard betting option in most states, and the easiest betting type to understand. When betting the Vegas moneyline, you will be picking which team you think will win, or which fighter or competitor - whatever sport you are betting on. You will have two options with odds denoting the favorite and underdog, and you will have to decide who will win out of the two.
The point spread is a little more complicated, as it shares the same principle as the moneyline, but the underdog will be given a head start by the oddsmakers. So, if a football team is favored by 7.5 points, the underdogs will start the game with 7.5, if they lose by less than 7, the underdogs win that bet. Also if the underdogs win, the underdog bet cashes. If the spread between the two teams is more than 8, you will lose the bet.
Totals are commonly referred to in Vegas as the over/under. You may see odds with an O/U next to it, and that signifies you will be betting on the total number of points accumulated by both teams in the game. If you see oddsmakers chose a football total of 58, you will need to decide if the total number of points by both teams will add up to more or less than 58.
If you want to make things a little more interesting and rewarding, you can combine bets together to create a parlay bet slip. These are very common in Vegas as the potential payouts can be huge, due to adding all of the odds for each leg of your bet together. The odds are higher because the likelihood of all legs of your bet cashing is much less with parlays. To win a parlay, each and every prediction you make will need to occur for you to see any Vegas money.
Futures are popular during the preseason of any sport. The oddsmakers will release odds on each team to win a certain event, like the Super Bowl for instance, and you can put money on a team, far in advance. These odds will be rather high as it’s pretty tough to accurately predict the Super Bowl winner in August, when the event takes place in February.
Vegas Betting Tips
While the betting options sound easy enough, we don’t want to throw you to the wolves when it comes to Vegas betting. It can be extremely fast-paced and if you don’t know your stuff, it could be a little tricky to keep up with the sharks.
We have a few valuable Vegas betting tips to help you when visiting Sin City.
Ensure you do your research on the sportsbooks you plan to use when visiting. Not all lines are made equal, if you’re going to Vegas for a few days, try a different sportsbook each day or multiple in one night. You can find better odds at some, and there are definitely some shining stars when it comes to the atmosphere.
Research your bets before placing them. Don’t just half-heartedly bet on any team. Look into the matchup and ensure you place an educated wager instead of guessing.
Know when to step away from a wager. Not all bets are going to be worth making. If a team is heavily favored and you will bet more than you would win, sometimes it’s important to know when to back away and let that game go. If you aren’t factoring in the amount you may win and that it may not be worth the risk, you should keep your money or bet on another game.
Top Sportsbooks for Betting in Las Vegas
Now that you have an idea of how to bet on sports in Vegas, you need to find yourself a sportsbook to place your wagers at.
The Westgate Superbook is by far the largest sportsbook in the world, with more than 350 seats and a huge video wall to watch the games. The Palazzo at the Venetian has the Lagasse Stadium, with great food and drinks, and 100 televisions to keep an eye on every game you’re betting on.
The Red Rock Casino Resort and Spa is another popular sportsbook on the strip, offering a 96-foot video wall, sports bar, and a VIP area that allows you to overlook the entire sportsbook. Topgolf Las Vegas has been growing in popularity, as it combines entertainment and sports, offering a not only golf driving range, but huge televisions in their 215-yard outfield.
Other great options include the MGM Grand, Mandalay Bay, the LINQ Hotel, and The D.
Online Vegas Sports Betting
While it’s worth it to visit any of the above physical sportsbooks, it’s great to bet online as well, as it’s the most convenient and simple way to do so. Many Vegas sportsbooks offer mobile apps so sports bettors never miss a moment of the action, even if they can’t get down to the physical venue.
Other options include online offshore sportsbooks, that are available to Vegas residents and visitors. Offshore sportsbooks can have a bad reputation depending on where you are, and many would suggest you shouldn’t need to use an offshore sportsbook because Vegas sports betting is totally legal. We personally prefer using offshore sportsbooks because we can still use them after we leave Las Vegas, and we can bet from just about anywhere that there’s an internet connection.
It is important to do research and find the sportsbook that’s right for you, whether it’s a physical or an offshore sportsbook. Ensure you look at an online sportsbook’s deposit options, bonuses, and rules before signing up, as all online sportsbooks are different.