Online Sports Betting in Tennessee
Guide To Online Sportsbooks in Tennessee
Find out everything you need to know about online betting in The Volunteer State
As the home of Graceland, Dollywood, and the Country Music Hall of Fame, Tennessee might be most famous as the heart of country music – but its sports fans are just as passionate about their favorite teams!
Whether you support the Tennessee Titans, Memphis Grizzlies, Nashville Predators, or prefer major international sporting events, the online sports betting scene in Tennessee is thriving.
On this page, we’ll explain all the different types of wagers you can place when you bet online in Tennessee, introduce you to the top sports betting sites, list all the different sports you can bet on, and much more.
- To find out more about what is and isn’t allowed, be sure to check out our Legal Sports Betting in Tennessee page.
- The internet can be a confusing place! Check out our top tips for keeping yourself safe online on our Safe Sports Betting in Tennessee page.
- And last but not least, don’t miss our Best Sports Betting in Tennessee page, where we spill the beans on just where to find the hottest promos and juiciest welcome bonuses!
Let’s get started!
TENNESSEE’S LEADING ONLINE BETTING SITES
Up To $1,250 On Caesars
Promo code: WINAMERICAFULL
Get up to $1,000 Paid Back in Bonus Bets
No Code Needed
Get a Play-Through Bonus up to $1,000
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Bet $100 & Get $100 Bet Credit
No Code Needed
ABOUT ONLINE SPORTS BETTING IN TENNESSEE
While sports betting first became officially legal in Tennessee back in June of 2019, it was still some time before all the necessary rules and regulations were in place. Finally, in November of 2020, BetMGM, FanDuel, and DraftKings all went live – and the rest, as they say, is history
ABOUT BETTING AMERICA
With new online betting sites and new ways to bet online popping up all the time, it can be really hard for sports fans to know who to trust. Which sites and apps are legit, and which are just fly-by-night operations looking to make a quick buck?
Well, that’s where we come in! It’s our mission to make it simple for players to find the best sports betting platforms in their state, without having to do hours of tedious research – that’s our job.
WHAT TYPE OF BETS CAN I MAKE IN TENNESSEE?
Moneyline Bets:This is the most popular bet type, it is simply betting on a specific team to win. The team with the negative sign is the favorite and the team with the positive sign is the underdog. Example: New York Jets are @ -165, New York Giants @ +140: the Jets are favorites and the Giants are underdogs. In this example, if you bet on the favorite, the Jets, you have to bet $165 to win $100. If you bet on the underdog, the Giants, you’ll bet $100 to win $140. Moneyline bets on solely who wins.
Point Spread Bets:Also known as betting the spread, this bet is on who wins and by how much. It is used to even out the odds between two unevenly matched teams. The sportsbook estimates which team is expected to win and by what margin. The favorite has a negative sign and the underdog has a positive sign. Players then bet that the team expected to win will exceed the margin of victory and “beat the spread” or players will bet the underdog will lose by fewer points than the margin thus “cover the spread”. Example: Patriots vs Rams. Patriots are favorites (-5), they have to win by six points or more to beat the spread and the Rams would have to lose by four points or less to cover the spread. If a game results in the exact number e.g. in this case if the Patriots win by exactly five points it would be a ‘push’ and bettors on either side would be returned their original wager. The spread is often expressed in half points to avoid a “push”/tie.
Total Bets – Over/Under:This is a single wager that the combined score of a game will be over or under what the sportsbook sets it at before the game. The bettor is not concerned about which team will win but is concerned about the combined number of points/goals/scores scored by the teams by the end of the game. Those who think the score will be higher than that set by the sportsbooks are “taking the over”, and those who believe the score will be lower are “taking the under”. Normally expressed in half points to avoid ties.
Parlay Bets:This is a type of wager that combines multiple individual bets into one bet. In order for the player to win, all the individual bets have to win. Despite your odds being lower to win, when you do win your payout is significantly higher. Parlays allow players to risk a small amount to win big.
Teaser/Pleaser Bets:These are a form of parlay bets. The differences are 1) all bets within Teaser/Pleasers are Point Spread Bets or Total Bets and 2) the spread is shifted either for the bettor (Teaser) or against the bettor (Pleaser). All the lines are shifted in the same direction either for you or against you for the same amount of points. Teaser: Here lines are adjusted in the player’s favor thus the player has a better chance of winning, however, this will be at a lower payout than a standard parlay. Pleaser: The line is adjusted in the opposite direction of a teaser thus the line is adjusted in the sportsbook’s favor so the player has a lower chance of winning than a regular parlay but the payout will be at a much higher rate than a standard parlay.
Prop (proposition) Bets:This is a bet on something occurring that is not necessarily directly related to the final score. It is also known as a side bet. E.g. Lebron James Assists in a game 10.5; you could bet the over or under. Tom Brady 3.5 Touchdown Passes in a game; again you could bet the over or the under. Betting on the number of fouls in either half of a game or on someone running a mile in under five minutes would also be examples of prop bets.
Futures Bets:These are bets on an event occurring in the future. For example, you could bet on the New England Patriots to win the Superbowl at the start of the season. These are particularly popular in soccer, golf, tennis, and Olympic events.
In-Play/Live Betting:This is betting on a particular sporting event after it has started. Odds are adjusted in real-time depending on score lines, and various statistics e.g. possession, injuries, etc. Live betting allows continuous betting throughout the duration of a sporting event. Moneyline, Spread Bets, Prop Bets, and Totals can all be placed during In-Play betting.
Round Robin Bets:This is similar to a parlay bet. A parlay is a collection of single bets combined into one bet; a round-robin is a collection of parlays placed into one bet. As a result, you do not have to win every bet within the round-robin to win some money, there is room for some losses. However, payouts will not be as high when some of the parlays within the round robin lose.
PointsBetting (Only on PointsBet):This is a brand new type of bet offered by PointsBet only. Wagers are placed on the points a team wins by rather than simply the outcome of a game. E.g. $5 placed per point the Jets win by so if for example, the Jets win by 9 points you would win $45, however, if the Jets lose by 5 you lose $25. Essentially the winnings or losses are magnified depending on “how right” or “how wrong” you are. Wagers can result in big wins or but big losses can also occur.
Decimal/European Odds:These are different formats for expressing odds. The decimal odds number represents the amount a bettor wins for every dollar wagered. For the decimal odds, the number represents the total payout including the original wager amount, not just the profit. Example: Decimal odds of 4.5 and you bet $1. If your team wins you get $4.50 back i.e. $3.50 profit. European odds, also known as fractional odds, are more common in European betting markets. To convert fractional to decimal, divide the top or first figure by the bottom or second figure then add 1. Example: 7/2 in fractional odds = 7 divided by 2 = 3.5 then add 1 which results in 4.5 in decimal notation.
WHAT SPORTS CAN I BET ON IN TENNESSEE?
- NCAA Football
- NCAA Basketball
- Nascar/Auto Racing
- Australian Rules
- Table Tennis
Thanks for reading! You should now have a good understanding of the types of bets you can place at Tennessee online betting sites.
Remember, you can learn more about the legalities of sports betting in TN on our Legal Sports Betting in Tennessee page, and read up on how to keep yourself safe on our Safe Sports Betting in Tennessee page.
Finally, make sure not to miss our Best Sports Betting in Tennessee page for the inside scoop on where to get your hands on the best welcome bonuses and free bets!
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