HOW TO
BET ON
SPORTS
UNDERSTANDING THE ODDS
SPORTS BETTING FUNDAMENTALS
WHAT ARE THE ODDS?
TwinSpires uses the American odds system, which displays the price of
a wager based on bets of $100. Odds for an underdog are represented
by a “plus” sign and indicate how much you would win if you bet $100.
Favorites are designated by a “minus” sign, where the odds reflect how
much you have to wager in order to win $100.
ODDS WAGER WINNINGS
PHI -165 = $165 TO WIN $100
ATL +150 = $100 TO WIN $150
WHAT DO PLUS & MINUS MEAN?
PHILADELPHIA -165
ATLANTA +135
WHAT IS THE MINUS?
The MINUS designates the FAVORITE in
the match, or the side most likely to win.
The larger the odds are, the more likely
the favorite is to win.
WHAT IS THE PLUS?
The PLUS designates the UNDERDOG in
the match, or the side which is less likely
to win. Bigger underdogs have larger
payouts, but can be riskier plays.
You do not have to wager $100 every time. The American odds system simply shows the ratio of risk/reward. The bet slip in the
sportsbook will also calculate winnings for you before you lock in your bet.
21+. PA only. Gambling problem? Call 1-800-GAMBLER.
STRAIGHT BETS
MOST STRAIGHTFORWARD WAY TO PLAY
WHAT IS A
SPREAD BET?
A spread is the forecasted
point differential between two
teams. A MINUS (-) INDICATES
THE FAVORITE, WHILE A
PLUS (+) REPRESENTS THE
UNDERDOG.
EXAMPLE SCORE
PHILADELPHIA 24 ATLANTA 20
SPREAD MONEYLINE TOTAL
PHI -3.0 -165 O 46.5
ATL +3.0 +135 U 46.5
The minus sign and plus sign associated with the spread will also indicate the favorite and the
underdog in a matchup. The odds listed next to the spread and total represent the price of the wager.
WHAT IS THE
MONEYLINE?
The moneyline is a bet on the
STRAIGHT-UP WINNER OF
THE GAME. Bet on who you
think is going to win.
WHAT IS A TOTAL?
Bet on the total points scored in
a matchup by both teams. You
wager on the score going OVER
the total or UNDER the total.
SPREAD MONEYLINE TOTAL
PHI -3.0 -165 O 46.5
ATL +3.0 +135 U 46.5
Philadelphia won by more than
three points
Philadelphia won outright Total points scored was
under 46.5
21+. PA only. Gambling problem? Call 1-800-GAMBLER.
EXOTIC BETS
MORE WAYS TO PLAY
WHAT IS A PARLAY?
Combine straight bets to increase the payout. All selections in the parlay
must succeed for the bet to win.
WHAT IS A TEASER?
Alter the spreads or totals in a parlay for a better chance at
winning your combo bet.
Example parlays are based on a wager of $100 with all bets having even (+100) odds.
The sportsbook will calculate potential payouts for your parlay for review before you lock in your wager.
2 TEAM PARLAY
PHI vs ATL CHIW vs SEA
ODDS = +260 PROFIT = $260
3 TEAM PARLAY
PHI vs ATL CHIW vs SEA TOR vs NSH
ODDS = +650 PROFIT = $650
4 TEAM PARLAY
PHI vs ATL CHIW vs SEA TOR vs NSH KENTUCKY vs DUKE
ODDS = +1300 PROFIT = $1,300
= Bet won
21+. PA only. Gambling problem? Call 1-800-GAMBLER.
LIVE BETTING
MORE WAYS TO PLAY
LIVE BET
WHAT IS LIVE BETTING?
Players can wager on games as they happen with updated lines that reflect the current score of the game.
WHY BET LIVE?
Live betting is an exciting option that allows players to react to the action as it unfolds.
Players can live bet on spreads, moneylines, totals, and props during the game where available.
WHAT IS A CASHOUT?
CashOut is a live betting feature that allows players to grade existing wagers before the game is over.
WHY CASH OUT EARLY?
Players use CashOut to secure a return prior to the end of a game. You can also cash out an existing wager prior to the start of a game.
CASHOUT
WITHDRAW
YOUR WINNINGS
RIGHT AWAY
PLACE LIVE
IN-GAME
BETS
CASH OUT
ANYTIME
DURING THE GAME
21+. PA only. Gambling problem? Call 1-800-GAMBLER.
FUTURES AND PROP BETS
MORE WAYS TO PLAY
Prop betting is available as a pre-match wager and is also available in live betting where available.
WHAT IS A FUTURE?
A future bet is a speculative play on the outcome
of an event occurring in the future. The easiest
example to provide is betting on the eventual
champion of a specific league prior to, or during,
the regular season.
WHAT IS A PROP BET?
Wager on a specific occurrence happening, or not happening, within a
game. “Prop” is short for proposition. These are also known as “side bets.”
COMMON FUTURE BETS
INCLUDE, BUT AREN’T LIMITED TO
• LEAGUE CHAMPIONSHIP WINNER
• CONFERENCE CHAMPIONSHIP WINNER
• LEAGUE MVP
• SEASON’S TOP SCORER
GAME PROPSPLAYER PROPS
Bet on whether or not a player achieves a specific metric
within a game.
EXAMPLE:
Player X will score a touchdown: Yes -110 / No -105
Bet on a specific outcome within a game.
EXAMPLE:
“Will there be overtime?
Yes +500 / No -250”
Spread, moneyline, and total betting on quarters and halves are
also found under game props.
21+. PA only. Gambling problem? Call 1-800-GAMBLER.
LIVE-BET BONUS
SPECIAL BONUS OFFER THAT
ALLOWS PLAYERS TO TRY A
CERTAIN SERVICE WITHOUT
RISKING THEIR OWN MONEY.
BONUSES
Please see our promotions section for eligibility details and the most up-to-date offers.
Terms and conditions apply. All management decisions are final.
BONUS
Bonus is the term used to describe bonus funds in the online sportsbook. These funds are acquired through various promotions offered by
TwinSpires. Each promotion comes with terms and conditions that must be met in order to qualify for a withdrawal.
The amount of rollover is determined by the following formula:
(DEPOSIT + BONUS AWARDED)
x RO MULTIPLIER = ROLLOVER REQUIRED
E.G. ($200 DEPOSIT + $50 BONUS) x 4
= $1,000 ROLLOVER
ROLLOVER
Rollover is the required amount
of real-money wagers a player
has to accumulate after they have
accepted a bonus in order to qualify
for a withdrawal. Rollover is also
known as “play-through.”
COMMON BONUS OFFERS
SIGN-UP BONUS
PLAYERS RECEIVE A 100% BONUS
WORTH UP TO $500 WITH
A 6X RO ON THEIR INITIAL DEPOSIT.
RELOAD BONUS
PLAYERS RECEIVE A 25% BONUS WORTH
UP TO $50 WITH A 4X RO. RELOAD
BONUSES APPLY TO ANY DEPOSIT AFTER
THEIR INITIAL DEPOSIT.
21+. PA only. Gambling problem? Call 1-800-GAMBLER.
21+. PA only. Gambling problem? Call 1-800-GAMBLER.
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Representative or Slot Service Representative who will be happy to assist in accessing this information.
WELCOME TO TWINSPIRES SPORTS!
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Our user-friendly kiosks offer all wager types including
straight bets, exotics, futures, and props. Use this simple handbook
to learn how to bet on sports.
Enjoy the thrill of the game at our sportsbook and start winning today!
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