• name and location 
  • knowledge of betting: fantasy football basic know some terms 
  • why did you take the class: work with a company called game on 
  • what are you a fan of: padres and chargers 
  • not legal sports betting because of native American tribes 
  • pick em: no one is a favorite 
  • bet types: money line, spread and total 
  • Push: if the spread leads to a tie: you get your money back 
  • if you beat the spread you win money 
  • sports betting cause excitement to blowouts 
  • calculation profit on favorite 
    • risk amount/ odss/100 = profit on favorite 
    • risk amount * (odss/100)= profit 
  • money line only for win lose 
  • the juice: how much the betting house profits for a bet or tax fro bet 
  • rotation numbers: identify a wager 
  • 10 to 1 the 10 indicates the amount your wager will win the 1 indicates the amount you must risk 
  • a unit is a measurement of the size of your bet as a percentage 
  • $10,000 for project 
  • watch billy walters 
  • less % of bets but more % of money: sharp bets 
  • other popular bet types 
    • parlay: allows you to combine multiple bets to earn a higher payout 
    • if a leg pushes on a parlay the bet gets eliminated 
    • future: watch a game and place bets on the same platform 
    • teaser: adjust a parlay 
    • round-robin: building small parlays instead of one big parlay so you can cover all possibilities
    • cash out: take your money out for a reduced payout 
    • chalk: favorite 
    • over under of a combined score for a league 
    • dime: $1000 bet 
    • nickle: $500 bet 
    • wise guys: expert better 
    • 1x2: win-lose-tie bets 
  • horse racing bets has a pot that affects the odds 
  • book maker ( bookie)  pays off bets on sports betting and other events at agreed upon odds 
  • Australia: in some betting via phone only much of global lines originate in china 
  • lines are released to a small group which sets the line to the rest of the world 
  • syndicates don't usually work together 
  • para-mutual wager: odds that is affected by the pool of money 
  • sports betting licenses: UK, Gibraltar, nalta, isle of man 
  • self exclusion: telling a book maker to exclude yourself 
  • bet 365 will be massive in US 
  • Exchanges: betting against someone not a house 

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