For more than a few years, sports betting has been permitted in the state of Oregon. There are still hordes of people who might not be eager to get involved without understanding how it all works, even though many Oregonians over 21 place daily bets on professional sporting events. That makes sense.
In light of that and the fact that the Super Bowl is coming weekend, we have updated our tutorial to teach you how to register and place bets on the game as well as other sports if you live in Oregon. We will attempt to assist you in understanding the meaning of terminology such as money line and point spread, as well as how to open an account. If you want to wager on Super Bowl 57 between the Philadelphia Eagles and Kansas City, which kicks off on Sunday, we’ll also explain how odds are calculated and what those figures represent so you can maximize your winnings.
Use this Super Bowl DraftKings coupon code to receive $200 win or lose plus $1,050 in incentives.
WAYS TO BEGIN
DraftKings, the only authorized online sports betting site in the state of Oregon, has teamed with the Oregon Lottery. You can join up online using your desktop computer or download the DraftKings app on iOS (for iPhone) or Android.
To register, click the “Join Now” button: An email address and certain personal data, such as the final four digits of your social security number (for tax purposes), must be entered for this.
To fund your account, touch the green plus symbol in the upper right corner of the app’s screen after logging into your new account. You can then fund your account in a number of ways, including as by linking a checking account or debit or credit card to your DraftKings account. Additionally, you can finance it using third-party money transfer platforms like Venmo, Paypal, and others. You can make wagers now that you have money available.
METHODS FOR BETTING
View the most recent promo codes and sports betting specials for this week’s games.
Knowing the fundamentals of sports betting
You should probably know a few things before you start squandering your hard-earned cash, such as what all those odds represent and what your expected return on investment would be in the event that you win. We will only discuss a few of the fundamentals.
A point spread: what is it?
The point spread, or the amount of points a team must win the game by to win the wager, and the total, sometimes referred to as the over/under, or the total number of points scored by both teams, are two of the most common wagers for the Super Bowl.
At 6 p.m. PT on Saturday, February 11, the Philadelphia Eagles are 1.5 points ahead of Kansas City in Super Bowl 57. Kansas City is hence the underdog. 51 points is the over/under for this year’s Super Bowl.
The point spread is not a consensus on how many points oddsmakers believe one team will win by, despite what many people believe. Instead, it is a figure intended to produce as nearly equal a number of wagers on both sides as feasible.
Covering means beating the spread. The Eagles must win the game by two points or more in order to cover their 1.5-point spread. On the other hand, Kansas City, the underdog, can win the game by a margin of less than two points or lose by a margin of less than two points. During live betting, the spread may fluctuate before kickoff and even after, but once you place a wager, the amount is fixed.
If the winning margin ties, a spread with a whole number, like two points, creates the possibility of what is known as a push. You receive a return for your first wager even when you don’t win anything. This also holds true for other wagers, which is why the majority of them use a fraction, such as 48.5 points or 44.5 yards.
What is meant by the over/under?
You may choose to wager on the total, which is now 51 points for Super Bowl 57, if you think the game will be high-scoring. Accordingly, if you wager on the over, your wager must win if the cumulative score of the two teams is at least 52 points. Those who wager on the under will win if it doesn’t.
A money line is what?
One of the easiest bets you can place is a money line wager. The money line is merely the chances of a team winning the game hands-down, thus you are simply selecting the winner of a game or event. A three-digit number is used to represent the money line. A money line of +100, for instance, indicates that if you were to wager $100 and were right, you would profit by $100. Alternatively, you would gain $10 if you wagered $10. The amount you would need to wager in order to earn $100 if you were right is shown by a negative money line. A -200 money line, for instance, indicates that if the wager was right and you won, you would need to risk $200 to win $100.
The odds for the Eagles to win this year’s Super Bowl are -120. Therefore, it is marginally less profitable to wager on the Eagles to win the game outright, regardless of the margin of victory, than it is to use a point spread. To win $100, you will need to wager $120 of your own funds. (Of course, the $220 payout includes your original $120 back.) On a $100 wager, however, a money line wager on Kansas City will win $100, for a $200 total payout.
A prop bet is what?
If this sounds like a lot to take in, there are much simpler ways to bet on the game, including some aimed at the casual fan or even someone who knows nothing at all about football. Betting on the coin toss at the beginning of the game to decide which team gets the ball first is a time-tested favorite. Heads or Tails are the only options. At the end of the game, you can even wager on the color of Gatorade that will be poured over the victorious coach. Really.
This type of wager is known as a proposition or prop bet. It involves betting on whether a particular event will or won t happen during the game, and there is a vast array to choose from. They can be surprisingly easy, including predicting which side will get the ball first, whether a field goal or a touchdown will be the game’s first score, and whether overtime will be played.
Prop bets based on a particular player s performance are always popular during the Super Bowl. You can bet on whether Kansas City quarterback Patrick Mahomes will pass for over or under 294.5 yards, how many catches his favorite target, tight end Travis Kelce, will have (over or under 7.5) or how many touchdown passes Eagles quarterback Jalen Hurts will throw.
What are bets on futures?
If you want to bet on a future result or outcome, like how many wins a NBA or NFL team will have by the end of the season, or which team will win the World Series in 2020, there are several options to choose from offered by a sports book.
Where can I learn more about how to bet on sports?
There are several places you can find more detailed information and explanations of different bet types, understanding odds and more.DraftKings has a very comprehensive online sports betting guidethat includes tutorials and gives examples of the various bets you can make. You can also drill down in those guides to find out more about moneylines, point spreads, over/under betting, and for the more advanced bettors, details about how parlay betting and teasers work.
Have a plan, and stick to it: Sports betting is supposed to be fun, but it can become a problem if you don t set limits
Set a budget in advance of money you can afford to lose,and stick to it. Whether it s a monthly limit, or a limit for a certain event. Look at betting on the game as a form of entertainment and not as a way to gain money that you need. If things head south, don t make additional bets to try to win back what you ve lost. This is one of the quickest ways gamblers dig themselves a deep hole.
Betting on the Super Bowl is supposed to be fun, and for most people, it is. But for others, compulsive gambling is a serious problem. For help, call 800-GAMBLER.
— The Associated Press contributed to this report.
More on how to cheaply live stream popular TV series and sports:
What is ESPN Plus? How to watch college basketball, more live sports for cheap in 2023
What is Philo? The cheapest live TV streaming service: Cost, what it includes
How to watch DAZN on your TV: What is it, what does it cost and include? Boxing fights, MMA and more
Note: Every piece of content is rigorously reviewed by our team of experienced writers and editors to ensure its accuracy. Our writers use credible sources and adhere to strict fact-checking protocols to verify all claims and data before publication. If an error is identified, we promptly correct it and strive for transparency in all updates, feel free to reach out to us via email. We appreciate your trust and support!
