(A team also can be favored to win a playoff series or overall league championship.) Favorite: The team projected to win a game. Though most of these rules are standardized, individual casino rules may vary. Here’s a primer on the basics of betting. (Benjamin Hager/Las Vegas Review-Journal) sportsbook can be an intimidating place for the uninitiated. Bettors wait in line at the Westgate sportsbook on Thursday, Jan.