ALBANY, N.Y. AP — Hall of Fame manager Joe Torre is in Albany pushing for legislation regulating sports betting now that the U.S. Supreme Court says states can allow legal wagering.
The former manager for the Yankees, Mets, Cardinals, poker online Braves and Dodgers is meeting Monday with state lawmakers who are considering imposing regulations on sports wagers, including who would be allowed to offer the betting.
Torre, a top executive for Major League Baseball, told reporters he was in Albany on behalf of the league to discuss the issue, which emerged as a top legislative priority since the May 14 Supreme Court ruling.
He’s the second ex-Yankee poker online manager to advocate for sports betting in Albany in the past week. Joe Girardi was at the Capitol last Wednesday to talk to lawmakers on behalf of MLB.
Overunder: hoverunder sometimes written ou of a game is the total points expected to be scored. Like the point spread, overunder bets are usually offered at 11-to-10 odds.
Push: Quite simply, a tie. For example: if you have Golden State -5 Wednesday night, and the Warriors beat the Cavs by 5, the game is a push. Both Warriors and Cavaliers bettors get their wagers back.
Taking the points: When someone “takes the points,” they’re typically talking about betting the underdog like Cleveland +5.
Underdog: The team most likely to lose, based on the betting odds. Many refer to this as the “dog.”
Vigorish: There’s always the vig. The vigorish is the commission or “juice” the casino takes. In our previous example, betting $110 on Golden State returns the bettor $210 instead of $220.
Types of bets
Straight bet: This is the hallmark of what makes Tuesday so historic. poker online A straight bet is an individual wager on a game or event that will be determined by a point spread, money line or overunder.
Parlay: Like many Delawareans are probably familiar with, a parlay is a single bet that strings together two or more wagers and offers better payouts, but every leg of the parlay must hit for the bettor to win.
Money line bet: Bettors also have the option of betting on a team to win the game without the use of the point spread, meaning the margin of victory does not matter. poker online This option means betting a favorite to win requires betting more money to get a desired return. For example, Golden State will be around -200 on the money line to win Game 3 Wednesday. Bettors would need to put down $200 to win $100. On the other end, betting an underdog to win usually comes with a good payout. The Cavaliers will be around 70 or more to win the game Wednesday. In that case, a bet of $100 wins the bettor $170.