The term point spread refers to that margin of points that the team can win or lose by. The number of points is set by the sportsbook. With this type of sports betting, you wager on a team either winning or losing by a particular number of points. Types of Sports Betting in Las Vegas Point Spread That’s why we wrote this guide to sports betting in Las Vegas. If you don’t know how everything works, it can be a bit intimidating to place your first bet. There’s a lot of excitement in the air at sportsbooks, especially during big games and March Madness. You’ll find a sportsbook in all the major Las Vegas casinos, with rows of plush seating in front of multiple TV screens, showing sports from UFC to baseball, football to horse racing. Las Vegas is a mecca for sports betting, and thousands of sports fans come here every year for the excitement of betting on their favorite team.