This past Saturday I went to my brother’s house in Missouri. My sister and her fiance are huge UFC fans and so she rented the UFC 92 paper fight. Just for kicks I went on my online sports book account to look up odds. I noticed that I had a whopping $10 in the account left over. So, I picked a fight with big odds and I thought you guys would be interested in seeing how this works.

I previously posted a note on how boxing odds work but this gives a real world example.

This is what you would have seen before the Nogueira v. Mir fight:

Antônio Rodrigo Nogueira -325 vs. Frank Mir +250

What this says is that if you pick Nogueira and he wins, you would need to bet $325 to win $100. But, if you pick Mir and he wins, you would need to bet $100 to win $250.

So, I picked Mir for $10 and I won $25. This time last year that would be 25 double cheeseburgers at McDonald’s.

Questions

1. What is your favorite sports book site?
2. What are the laws for me gambling in Arkansas over the internet?