Online sports betting will finally launch Friday in Louisiana, but there's still ample time to learn how to place bets and even take advantage of free rewards.
To get started, visit your preferred sports booking outlet via smartphone, tablet or laptop. Many places will have their own app in addition to a website. Bets can be placed both ways. All that's required is users be at least 21 years old.
How to make a deposit
Placing a bet requires putting down some cash. Users can make a deposit online various ways. For example, Caesars Sportsbook allows users to link their online banking account, use a credit or debit card or attach a PayPal account. More deposit options may become available as online sports betting launches.
Do check with your bank to see if there are any fees that may be incurred from placing bets with a credit card.
There is a way to place a "free bet," which is when a user can take bonus credits to place a bet. However, these bonus credits cannot be redeemed for cash and do eventually expire. Some books are offering free bet bonuses for users who register prior to the online sports betting launch. Free bet credits will become available after the launch, and users can boost their free bet offer if they put down money now.
Different types of bets and what they mean
Before putting money down, let's review different types of bets and how they work.
A straight bet is a singular bet on a game or event. This type of bet can occur as a point spread or money line.
Point spread betting is when a user indicates a margin of points their favored team needs to win the game. A money line bet is when a bettor decides on a team they think will win without using point spread. The numbers that appear next to a team's name indicate the payout the user will receive. For example, if a team has a positive number next to their name, that means a user must place a bet of $100 to receive that indicated amount. If the team has a negative number next to their name, the user must bet that much to win $100.
A parlay is when multiple bets are combined into one. All bets must be one to win the parlay. This option minimizes risk while maximizing payout.
How to withdraw earnings
Once you've made some cash, it's time to withdraw the money. Keep in mind that withdrawal options will not always necessarily match deposit options. For example, Caesars offers withdrawals through eCheck or transfers to a user's Caesars Sportsbook Prepaid Play+ Card.
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This article originally appeared on Monroe News-Star: An introductory guide to online sports betting for newbies