DraftFuel was featured in an article on inc.com recently. The article highlights 3 new apps looking to transform the online gaming industry.
A new crop of online sports betting companies is targeting sports fans of all kinds, from social gamblers to women who want a space of their own.
Read the full article: https://bit.ly/3I4xoiV
The “prop bet” has been somewhat of an emerging type of trend that we’re seeing in the online sportsbook and gaming world. It’s a really cool, interesting kind of bet that can include a bit more whimsical nature than other standard bets.
“Prop bet” is short for proposition bet and simply means that you bet on an individual outcome within the game. You’re proposing that something specific is going to happen. You’ve probably heard of someone betting on the outcome of the coin toss at the Super Bowl, and that’s one good example.
Other examples of prop bets can be something along the lines of, “I bet Joel Embiid will score more than 30 points tonight” or “I bet Miles Sanders will score the first touchdown of the game”. The possibilities are fairly endless and the payout can be super rewarding depending on the likelihood of your proposition.
People who have decent fantasy sports knowledge can benefit when it comes to making prop bets. If you see that a quarterback has gone for 250 yards + in the last few games, and you know he’s going up against a weak defense this week, you may want to make a prop bet that he’ll go over 300 yards.
Now, with prop bets on sportsbooks, they’re not quite moving those lines around as much. For a regular game bet, they’re going to adjust the line around because if they see a lot of people betting in one direction, they’ll probably have to adjust the line a little bit. They’re less likely to do it with prop bets. So again for anybody new who’s played fantasy sports or is new to betting, it’s a good place to start.
This is a good way to include a little bit more action in a game you may already be betting and bonus; you don’t need to spend a ton of money to win big on some prop bets.
Watch Episode 8 with Alex & Ron from DraftFuel where they discuss prop bets with the novice sports bettor in mind.
Teaser wagers are a bit more advanced when it comes to sports betting action, but can be rewarding and provide quite the rush on game day. If you’re looking for options to broaden the types of bets you can make, this option can be very valuable when executed mindfully.
So, what exactly is a teaser?
A teaser is when you take two (or more) spread bets and “tease” them out. Here’s an example: Let’s say there’s an Atlanta/LA Rams game with the Rams favored by -7 and an Eagles/Green Bay game with Green Bay favored by -7. If you think both favorites are going to win, you have the option to “tease it”, where you can move that line closer to an “even money bet”.
So, let’s say you like both Green Bay and the Rams to win by more than seven points. You can tease these two lines to where the Packers may only have to win by one point, likewise for the Rams, and you likely get an even money bet. That’s an example of what a teaser bet is; it allows you to get to a price with which you’re comfortable.
Keep in mind that the odds won’t be as good as a straight best against the spread. If you parlay in this situation, you’re going to get much better odds. But by teasing it, you increase the likelihood that you’ll win, and probably get even money odds at the end of the day.
A teaser by default is 6 points but that can be adjusted to your liking. You could play it somewhere in the middle and say, “Hey, I’m going to move this line to where both teams only have to win by 4” and you’re likely getting around +150, which are still good odds. In the teaser, you’re going to have multiple options and can have the ability to adjust accordingly.
The popularity of the teaser bet is somewhat a result of where the industry has gone in the past few years and where legal and online sportsbooks are headed. It gives bettors more and more options to wager on anything, in practically any way. It allows you to have a lot more flexibility in how you want to affect your odds, to get them as close to a guaranteed win as you think possible.
Watch Episode 7 below with Alex & Ron from DraftFuel as they discuss how a teaser works with the novice sports bettor in mind.
The two popular types of wagers beyond single-game bets are teasers and parlays. So what’s the difference?
In Episode 6 of Sports Betting Basics, we discuss parlay wagers which can get complicated but are also thrilling and, if played correctly, profitable.
A parlay is one wager on two or more bets that are tied together for a larger payout. For the parlay to win, all bets involved must win. The more bets added to the parlay, the greater the risk and the bigger the payout. If a single bet in the parlay loses, the entire parlay bet loses as well.
It is important to also understand the odds involved when wagering on a parlay bet. As you add parlays to your betting slip, the sportsbook will let you know the odds based on the spreads or money lines involved. As opposed to a one bet wager, the more game added will have greater odds and thus a greater payout if you were to win. This is attractive to many bettors because you can wager less money but because the odds are higher, receive a bigger payout.
Most sportsbooks and sportsbook apps make it pretty easy to understand. In most cases, you can simply click on the two or three games you want to bet on, then click a ‘parlay’ button or link on the betting menu. That will group all the bets together and indicate your payout, based on whatever amount you want to bet.
Watch Episode 6 with Alex & Ron from DraftFuel as they discuss parlays with the novice sports bettor in mind.
Anyone that’s been remotely close to a kickoff, tip-off or first pitch has heard the question “What’s the over-under?” when it comes to sports betting. What does that question actually pertain to though?
It’s pretty simple. With an over-under bet, there will be a sole number to bet off of, which is the total final score of both teams combined. Let’s use the Eagles and Green Bay example again and say the over-under is 48 total points.
If their combined score is higher than that number (say, Eagles 24, Green Bay 27 for a total of 51 combined points), those who “took the over” would win. If it’s lower than 48 (example: Eagles 21 Green Bay 14 for a total of 35 combined points), those who “took the under” would win the bet.
Along with all other types of bets, there will still be odds attached to an over-under bet. Similar to the spread bet, you’ll typically get “close to even” odds on the over-under. So, -110 means you bet $110 and with a win, receive $100.
So why bet on the over-under?
There are several different reasons that people make over-under bets. Some have a knack for fantasy football knowledge and can predict a high or low scoring game due to defensive talent, caliber of quarterbacks, receiving yardage and several other variables. Others may not want to bet on their favorite team winning or losing but still have some skin in the game. This is a great option for those fearful of “jinxing your squad”.
Watch Episode 5 below where Alex & Ron from DraftFuel discuss how the over under works with the novice sports bettor in mind.
The spread is the number of points that the sportsbook post to determine the favorite of each game. For example, when you open your sportsbook app of choice and see the Cowboys as 7 point favorites this weekend versus the Giants, you will see Cowboys -7 and Giants +7. The sportsbook is determining that the Cowboys are favored in this game to win by a touchdown. This means that if you wager on the Cowboys, they must win by more than 7 points in order to win your bet. If you were to wager on the Giants in this hypothetical game, it would mean that they would need to not lose by more than 7 points in order for you to win your wager. When looking at the point spread each week, you will also notice a lot of 1/2 numbers. As with our example above, you may see the spread is set at Cowboys favored by 7-1/2 point (Cowboys +7.5). This helps the sportsbook avoid a ‘push’, or tie. In this example, the Cowboys would have to win by at least 8 points since there are no 1/2 points in football games.
A point spread bet has three potential outcomes: win, loss, or push. If bettors choose correctly and win, a sportsbook will pay the bettor in full amount based on the “price” of the wager, which is most commonly -110. That means a bet for $110 would win $100, or $11 would win $10, and so on. Alternatively, a “push” — when the game result falls exactly on the point spread margin — results in a “voided” or “canceled” bet and means that bettors get their original wagers returned. Obviously, a loss is a loss. A game that’s listed as “even” or a pick ’em bet means two teams are viewed as so close in terms of level of play that the sportsbook decides to price them as equally likely to win or lose. In such a case, there is effectively no spread or projected margin.
Watch Episode 4 below with Alex & Ron from DraftFuel, where they discuss how the point spread with the novice sport bettor in mind.
There are some major factors that come into play when you are placing a bet or wager on your favorite sportsbook. It’s important to know what you’re potentially gaining or risking when you look at the specific money line for the game you wish to bet on.
If you’re drawn to bet on a game, chances are it’s because you simply think one team is going to win over the other, but you likely haven’t thought about what the actual spread is. That’s where the money line comes into play.
When you look up the money line, that is where you’ll see the odds presented. You’ll see a plus(+) and a minus(-) option. Be aware that the plus(+) is presented to the underdog and the minus(-) goes to the favorite. So what does that math actually mean?
When you’re on a sportsbook looking up a specific bet you’ll see something like this example for a Giants/Eagles game: (Giants +190 vs Eagles -200). These numbers are based off of a $100 bet.
Let’s say you bet $100 on the underdog (which in this case is the Giants). That +190 is the winning return you’d get on top of your initial bet. So you’d net $190 in winnings plus your $100 back for a total of $290. Pretty simple so far!
Now let’s say you bet on the favorite (now the Eagles). The system now works in reverse. The -200 is the amount you would have to initially bet to win $100. So you would have to put up $200 to receive a net return of $100 plus your $200 back. The heavier the favorite, the heftier the bet is going to be to get that $100 back. Makes sense, right?
That’s really the essence of the money line as it’s really based around the odds. If you’re betting on the favorite, you’ll have to put up more money to win that $100. On the other hand, if you’re betting on the underdog, you’re going to win more than what you put up.
Watch Sports Betting Basics- Episode 3 below, where Alex & Ron from DraftFuel discuss how the moneyline works with the novice sports bettor in mind.
This is the essence of sports betting and having a basic understanding of the different types of betting odds available to wager on is essential. In this video, we discuss the odds at the most basic level. In upcoming videos, we break down the different types in more detail.
In sports betting, odds refer to who is favored to win and who is favored to lose. The most basic type of odds you’ll find is the spread, which determines a ‘favorite’ based on a point spread. In addition, there are money line odds, which are straight who wins or loses with odds attached. Finally, there are Over/Under betting lines which refer to the amount of points that will be scored in total between both teams. For all of these types of wagers, the odds will determine how much you can win or lose based on the outcome.
Understanding the basic idea of odds helps novice bettors as they first open up your sportsbook of choice. In other episodes of Sports Betting Basics, we take a deeper dive on each type of bets available.
Watch the Episode 2 below with Alex & Ron from DraftFuel where they discuss odds with the novice sports bettor in mind.
Why do people bet on sports?
The rush? The FOMO? Most often, it’s to win money.
These are definitely some of the biggest contributing factors and related to what motivates people to bet on sports and more. And with it being so accessible nowadays, making bets from your couch, it is important to understand these factors in order to enjoy responsible gaming. DraftFuel was created with all of these factors in mind, allowing people to have skin in the game without the fear of losing it all.
Responsible gaming is not just about wagering conservatively. It is also important to stick to what you know. Not a big hoops head? Maybe it’s best to stay clear of the NBA playoff action. Haven’t done enough research about this week’s slate of football games? Don’t feel like you HAVE to place a bet. Every coach tells their players to play smart and that’s how you should approach sports betting.
Sports wagering, like sports themselves, is meant to be fun. Everyone knows the feeling of watching your favorite team trudge through a losing season. But at the end of the season, you know you’ll be back next year, rooting your team on. Sports betting should feel the same. Betting responsibly allows you to have skin in the game while knowing that even if you lose, you’ll be able to take another shot at it.
Watch Episode 1 of Sports Betting Basics, where Alex and Ron discuss their personal history with betting and how DraftFuel was created with the experienced and novice bettor in mind.
Louisiana Gov. John Bel Edwards signed the bills legalizing gambling in June 2021 and sports betting was on track to launch in time for the kickoff of the 2021 NFL football season. However, those plans were derailed by Hurricane Ida.
The Louisiana Gaming Control Board approved emergency sports betting rules Aug. 19, and went into effect Aug. 23. The LGCB then approved the permanent rules Sept. 16, with the state register expected to publish the regulations sometime in January.
Louisiana Gaming Control Board Chairman Ronnie Johns stated that brick and mortar retail storefronts wound be receiving their licenses ahead of mobile apps.
