As of Jan. 1, 2023, Ohio sports betting will begin for both retail and online sports betting. This allows fans of college sports to place wagers on their local favorite teams. Here is a guide on how to bet on college sports in Ohio.
How to Bet on College Sports in Ohio
There are many ways to bet on college sports in Ohio. Here are a few of the most popular options:
Moneyline bets: A moneyline bet is when you pick a team to win outright. The odds will be listed as either a negative or positive number. A negative number indicates how much you would need to bet to win $100. For example, if the moneyline is -200, you would need to bet $200 to win $100. A positive number indicates how much you would win if you bet $100. So, if the moneyline is +200, you would win $200 if you bet $100.
Point spread bets: A point spread bet is when you pick a team to cover the spread. The spread is how many points the favored team is expected to win by. For example, if the point spread is 7 and you pick Team A, they would need to win by more than 7 points for you to win your bet. If you pick Team B, they can lose by up to 6 points and you would still win your bet.
Over/under bets: An over/under bet is when you bet on the combined score of both teams in a game. For example, if the over/under is set at 45 and you pick the over, both teams would need to score 46 or more points for you to win your bet. If you pick the under, both teams would need to score 44 or fewer points for you to win your bet.
Proposition (or prop) bets: A proposition bet is when you bet on something other than who will win or lose the game. This could be which team will score first, how many total points will be scored in the game, etc.
Future bets: A future bet is when you place a wager on an event that will take place at a later date. For example, you could place a future bet on which team will win the National Championship before the season starts.
Parlays: A parlay is when two or more bets are placed together and all bets must win for the parlay to pay out. For example, if you were placing a two-team parlay and one team won but the other lost, your entire parlay would lose and you would not receive any payout. Parlays usually have higher payouts than individual bets but they are also riskier because one loss means the entire parlay is lost.
Teasers: A teaser works similarly to a parlay in that it involves placing two or more bets together however with teasers, you can adjust the point spread or total in your favor before placing the bets which makes it easier to profit on betting teasers but they also have a lower payout than parlays .
College Sports Betting in Ohio
Now that college sports betting has become legal in Ohio as of Jan 1., 2023 there are many options available for fans of college athletics who want to get in on the action and place wagers on their favorite teams. This guide provides an overview of some of the most popular ways to bet on college sports including moneyline bets, point spread bets, over/under bets, proposition bets, future bets and parlays. So whether you’re looking to take a flyer on a long shot or play it safe with a sure thing, there’s an option for everyone when it comes to betting on college athletics in Ohio.