Wagering on sports is a relatively easy concept. However, those new to it may find the wide range of betting options overwhelming at first. This section is meant to help the first time sports gambler grasp the basics when it comes to wagering on sports.
There are three kinds of straight bets:
All straight wagers (except moneylines) work on the 110/100 principle (except when otherwise noted), which means you must risk $110 for every $100 you want to win. Another way of looking at it is that you must risk 10% (commonly called the juice or the vig) of what you want to win. So if you place a $100 wager, then $110 is taken out of your account-the $100 wager plus the 10% juice. If the wager is won then the $110 is returned to your account plus $100 for the wager won. If the wager loses then the $100 wager plus the 10% in juice is kept by the house.