Illinois is home to a number of sport franchises spanning the four major leagues. And then some.
The country’s third most populous city, Chicago, is the base for the Bears, the Blackhawks, the Bulls, the Cubs and the White Sox leaving sports fanatics spoilt for choice.
Whatever your sport, IL has a major team.
Here are our tips for how to bet on each of the four major leagues:
- NFL Betting
One of two franchises still standing from the true NFL originals, The Chicago Bears have a total of nine NFL Championships to their name, including one Super Bowl title.
The emergence of the NFL as America’s dominant sport during recent times means you’ll find football now at the forefront of sports betting too.
It’s common to find NFL betting ranked top or first of a sportsbook betting menu
In terms of betting on a Bears match, a moneyline bet is the go-to wager mainly due to its simplicity - all you’re doing is selecting the team or player you think will win.
If your pick ends up the winner, the sportsbook pays out the winnings on your betslip. As straightforward as it gets, I think you’ll agree.
Point spread betting is by far the most popular form of wagering when it comes to high-scoring sports, such as basketball and football. But does require a little understanding beforehand.
This type of betting aims to level the playing field between the two participants and gives the bettor a reason to play money on both teams, rather than be put off by odds of little value.
For betting newbies, getting used to how the odds are displayed can be kind of confusing initially but it’s an easy one to grasp:
- Team or player deemed the favourite: expected to win and listed with a minus (-) sign.
- Team or player viewed as the underdog: expected to lose and listed with a plus (+) sign.
The purpose of the plus/minus is to show how each side of the bet will pay
Naturally, putting money on the minus side (the favourite) will pay out less than if you were to put money on the plus side (the underdog).
Why? Well, the favourite is expected to win and so backing them should, in theory, carry a smaller risk.
The underdog meanwhile is an outside bet to win with more of a risk attached. More risk, the higher the potential payout.
Given the underdog pays out more money per unit than a wager on the favourite, playing the Underdog is extremely common among bettors.
- Chicago Bears -10
- Oakland Raiders +10
Here, the Bears are deemed to be ten points better than the Raiders, hence the spread.
In order for the Bears to win the wager, a winning margin of eleven points is required.
For the Raiders to win this type of bet, they have to make sure they lose by less than ten points.
Should the game finish without a clearly defined winner, i.e a difference of 10 points, the wager will be referred to as a ‘push’ and your stake returned.
We’ve used 10 points for example purposes but a whole host of handicaps are offered by sportsbooks so do not worry about being restricted in what you can bet on.
Remember, this wager isn’t just exclusive to NFL betting and is commonly used in the NBA, MLB and NHL also.
- NBA betting
The Chicago Bulls enjoyed their greatest spell in the 90’s with none other than Michael Jordan the star.
Six NBA Championships were won in total in their most famous era, three consecutively from 1991 to 1993 with the same achievement coming between 1996 and 1998.
The latter team in particular are still regarded as one of the greatest seen in NBA history.
Success hasn’t been so forthcoming since but the interest in the team and basketball remains high in Chicago, as will betting on the Bulls when the sports betting industry lands in IL.
- MLB betting
2016 proved certainly fruitful in The Chicago Cubs ending a baren period. A first NL Pennant in 71 years was backed up with the third World Series title in the Cubs history and the first in 108 years!
As a founder member of the National League of Professional Baseball Clubs, the Cubs have the prestige and history.
But they’re not the only baseball side in the city…
The Chicago White Sox can’t claim to have had as much success as their city rivals, but they do have the same number of World Series title remarkably, the last of which came in 2005.
Whichever side of the fence you fall, the opportunity to bet on your favourite MLB side is there.
Popular for MLB betting is the Over/Under wagers, also known as total bets.
Here, the wager centers on the total number of runs scored in a game - it’s your call to decide whether the total will finish higher or lower than the line set by the sportsbook.
For instance, let’s say the line is set at seven runs and you put your stake on Over. A final score of 5-4 wins you your bet, as does a scoreline of 8-0.
The bet caries no stipulations other than seeing the number of runs required to satisfy your call - Over/Under.
In the event of the match finishing with seven runs and there being no clear winner - neither the sportsbook, nor yourself were correct - the bet would be deemed a tie (a push in the betting world) and your stake returned.
- NHL betting
In general, hockey does well to keep up with the popularity and soaring interest globally in the major leagues of football, basketball and baseball. No such problem in the state of Illinois though.
The Chicago Blackhawks are one of the “Original Six” NHL teams and can call on a steeped history full of prestige and prizes.
The Hawks have six Stanley Cups and four Conference Championships to their name with both trophies last being won a recently as 2015. Following such a fruitful year, one may in fact argue the Hawks rank as Chicago’s most successful sports team!
Due to hockey naturally producing scorelines significantly lower than those in the other major sports leagues, a point spread isn’t a viable option for NHL betting. No worries there though because hockey has its own version - the puckline.
A cross between the money line and point spread, the puck line is unique to NHL betting.
Like the traditional point spread its purpose is to bridge the gap between the favourite and underdog and bring more value to a match carrying next to no value.
To win a puck line bet, the team regarded as the favourite will need to win the game by more than 1.5 goals, by 2 in other words; there’s no such thing as half goals in hockey but .5 is used to clearly determine the winner and avoid a tie.
To clearly demonstrate, let’s take a look at the example below and a match between the Arizona Coyotes and Chicago Blackhawks.
On the money line, The Blackhawks are heavy favourites at -220.
Now, when played as puck line wager, the odds are as follows:
- Arizona Coyotes +1.5 (-153)
- Chicago Blackhawks -1.5 (+133)
Scratching your head at the change in the odds? Understandable - it may look as if the two teams have swapped favourite and underdog tags but this isn’t the case.
The Blackhawks are still favourites here: the -1.5 on the puckline indicates such and Chicago will start the match needing to win by 2 goals to cover the spread.
But they have become the underdogs in terms of the payout with the added stipulation thrown in. If you’re confident however that the favourite is going to win convincingly, this matters not one jot.
The payouts from a puck line, compared to a straightforward money line differ quite significantly as you can see:
Money line: Chicago Blackhawks -220
$100 bet and Chicago win by one goal
= $45.45 profit
Puck line: Chicago Blackhawks -1.5 (+133)
$100 bet and Chicago win by at least 2 goals
= $133 profit
In the right situation, i.e. you’re almost certain the favourite will win the game in a convincing manner, you bet the puck line. If there’s an ounce of doubt, stick to the relative safety net of the money line.
The best aspect of this wager is the extra reward you can gain if you predict a team is going to win decisively.
It’s not always about betting the favourite though. Here’s what would happen if you were to bet on the underdog (+1.5 on the puck line):
- Arizona beat Chicago by any margin = bet won
- Arizona beat Chicago by one goal = bet won
- Arizona lose to Chicago by one goal = bet won
- Arizona lose to Chicago by two goals or more = bet lost