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Parx Casino has you covered. The Parx Casino Sportsbook is available on all devices. Whether you're new to sports betting or just want a refresher, this guide will help you get to know some key terms as well as many of the most popular bet types.
A straight bet is a wager based on the outcome of a single event. A straight bet covers when a sports bettor wins and the bet pays out.
Some straight bets can also push, meaning the bet is a tie. In that case, the bettor receives his wager back, but does not receive any winnings.
Straight bets are more straightforward than parlays and teasers, so they're an easy way to start sports betting. When you bet against the spread, you're just betting on the margin of victory or defeat.
Philadelphia is the 3-point favorite which means they would need to win the game by more than 3 points to win the bet. Conversely, New England is a 3-point underdog which means they would need to win or not lose the game by more than three points to win the bet.
A moneyline is a straight up bet on the outcome of a game. A bet on the over means that both teams must combine to score more than the indicated point total, whereas a bet on the under means that they must combine for less.
If the teams combine for exactly the indicated total, then the wager is a tie or push and all bets are voided and the bettor gets his money back.
For example, in the Philadelphia vs New England matchup with a total of Proposition bets, or props, are often called side bets because they allow bettors to wager on specific events within a game rather than the game itself.
Props are typically presented as moneylines and cover a wide range of in-game events, like an individual player performance and more. Parlay betting is one of the most popular forms of sports wagering.
A parlay is a bet that is dependent on the combined outcomes of two or more wagers. A parlay bet only pays out if each of the wagers cover.
Parlays also tend to have higher payouts than individual wagers. Your account information and balance will still be the same upon successful app download.
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