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10 minimum for sports betting |
Posted by: FabioIneks - 02-08-2021, 02:49 PM - Forum: My Forum
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п»їSports News And Online Sports Betting.
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How Tennessee Sports Betting Minimum-Hold Rule Could Stop Market Before It Starts.
Legal Tennessee sports betting will begin when sports resume being played in the country. But bettors likely will find wagering in the Volunteer State less profitable than in other US jurisdictions.
The Tennessee Education Lottery Corporation board of directors unanimously approved final rules, regulations and processes for Tennessee sports betting on Wednesday.
Tennessee is capping payouts at 90% with a 10% minimum hold rule, potentially setting up an unattractive market for sports bettors. Officials said the full rules would be posted by Friday.
No other state requires a minimum hold for sports betting.
Evolution of minimum hold for TN sports betting.
The initial Tennessee rules released last November proposed that “Sports Gaming Operator’s aggregate annual payout shall not exceed 85% .”
After receiving backlash from stakeholders during the comment period, the board lowered the hold to 8% in March. Despite the objections, the final Tennessee sports betting rules bump the figure up to double digits.
US sports betting revenue data shows that the average natural hold for legal sports betting since the overturn of PASPA is 6.8% . The historical hold in Nevada is 5.4% .
Only two states — Delaware and Mississippi — exceed a 10% hold.
The board stipulated that Tennessee may revisit the rules in one year.
How payout cap could impact TN sports betting.
A study released by gaming analyst Eilers & Krejcik in January projected that the original 15% hold could cost Tennessee $11 million in annual state tax revenue and decrease the number of operators that apply for a license by more than half.
The biggest concern for sports bettors is how a hold will affect operators’ ability to offer competitive pricing . A 10% hold sets up the possibility that Tennesseans feel better off wagering in other states or illegal markets.
In general, the study indicated that a minimum hold requirement results in substandard odds and that sportsbooks may have to further worsen odds on local teams to help balance risk. Additionally, sportsbooks will have to avoid large payout liabilities to stay within the hold requirement.
Internationally, the study showed how France , the only major market with a minimum hold for sports betting, has severely underperformed.
Capping payouts is the standard in the world of lotteries. If Tennessee sports betting flounders, it could illustrate the potential disadvantage for states choosing the lottery to regulate sports wagering.
How Will TN Sports Betting Market Handle Minimum Hold Rule?
As Tennessee sports betting launches today, it brings with it a new problem for operators: how to ensure a 10% minimum hold.
To recap, Tennessee sports betting companies must hold at least 10% of all betting handle they take. If they don’t hit that mark at the end of each calendar year , they face fines of up to $25,000 .
The rule does not affect 2020 activity.
The Tennessee Education Lottery , which oversees all sports betting in TN, also has powers to “impose additional recourse” for non-compliance.
Are bonuses included in TN sports betting rule?
One important clarification worth noting about the unusual rule: TN said the minimum hold is calculated on:
“revenues minus aggregate annual payout to bettors.”
However, TN does not define what “aggregate annual payout” is, and crucially whether it includes bonus money . T he wider sports betting rules appear to define revenue as “adjusted gross income”.
Subsequently, Tennessee regulations state that bonuses are not considered when determining adjusted gross income.
In short, it seems operators can bonus away without affecting their hold rate.
How can operators hit the minimum hold rate?
In a vacuum, an operator would need to offer standard 50-50 markets at -125 in order to expect a hold of 10%.
But TN sportsbooks still have to compete with rival operators, the black market, and neighboring states. That means they will want to keep main markets like sides and totals at -110 , the industry standard.
Instead, look for vig on in-play wagers to go up. Customers are unlikely to be comparing odds mid-game, so may be less price sensitive.
Books will also be keen to push futures , which have a naturally higher hold rate, in part because it’s harder to see the vig in multiple outcome markets.
TN sports betting operators likely will push parlays onto customers, perhaps linking bonuses to them rather than straight bets.
Could this lead to limiting?
There’s also a chance books will be less willing to take any action at all that looks вЂsharp.’
In other states, books might be willing to take on customers that break even or lose at a low single-digit percentage.
But in Tennessee, that kind of player is going to hurt your hold rate. It could feasibly lead to that bettors being limited or booted quicker than elsewhere.
Not all bad news for TN sports bettors.
It’s far too soon to call the TN sports betting market a problem for players, though.
Consider UK operator Sky Bet , which posted a hold rate of 14.7% in H1 2020, even after accounting for bonuses.
That was higher than usual and driven in part by people betting on sports they knew less about during coronavirus -affected lockdowns. But it also reflected a recreational client base that bet lots of parlays.
How to translate to Tennessee sports betting market.
In a US context then, its relatively easy to get to 10% hold if a few heavy favorites lose in a given NFL betting weekend.
But that kind of customer base can also be a double-edged sword. Y ou also can get a month like September when the NFL favorites deliver, and operators lose big.
And then, it’s a long way back to a 10% hold.
Does that leave wiggle room?
If sportsbooks simply can’t get there, what then? Operators can “petition for relief” and try to show their sub-10% hold rate was due to “circumstances beyond their control.”
Of course, a smart lawyer could probably argue that all sports results are beyond an operator’s control, so it will be interesting to see what sort of latitude the Tennessee Lottery grants.
Lloyd Danzig of S harp Alpha Advisors also proposes a hybrid model could be in play.
“Operators may offer more favorable pricing at launch and then progressively worse odds as time goes on,” Danzig said.
Either way, this level of customization is undoubtedly easier when you own your technology.
“This sort of case is a clear advantage for being vertically integrated,” said Ed Miller , chief architect at in-play feed provider DeckPrism. “You have a lot more flexibility as an operator to optimize around rules like this if you control your stack top to bottom.”
Not all doom and gloom.
Taken together, it seems Tennessee sports bettors might not get totally screwed by the minimum hold. Main market pricing could be relatively unchanged, as operators wait and see how sporting results play out.
Of the first four operators licensed in TN, only one offered any comment on their plans when contacted by LSR .
“It’s more of a next year question,” said FanDuel spokesman Kevin Hennessy . “We will happily comply with the 10% hold regulations and continue to innovate to enhance the customer experience.”
The relative lack of information was telling to some however.
“I don’t know if operators have a solution,” said Joe Brennan , CEO of SportAD. “ They know they have to be in Tennessee as part of the narrative they’re telling the market. So they may just absorb the fine if they don’t hit the 10%. These guys blowtorch $25,000 in five minutes of advertising, so its woop de doo.”
Another option could be to offer to pay tax as if books did hold 10%, and take the tax hit to acquire players.
The end result is still unclear, but with the market launching today, we won’t have to wait long to find out.
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carib sports betting website |
Posted by: FabioIneks - 02-08-2021, 02:44 PM - Forum: My Forum
- No Replies
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п»їCaribSports Sportsbook Review.
Caribsports accepts all USA players and welcomes them to come and enjoy their large sportsbook. They offer betting lines on all American sports like the NFL and MLB as well as other sports across the globe. Caribsports hosts a great racebook that offers 5% back on all bets through the week. Their sportsbook design allows for easy access to all of their lines. They also have a friendly English speaking staff that is ready to assist at all times of the day or night. Overall Caribsports really bring some great lines for American players to wager on.
Is Carib Sports Legal In The USA For USA Players?
CaribSports provides American players with easy access to their sportsbook. Being that they are licensed off shore, CaribSports is legal for USA players.
Deposit Methods Accepted at CaribSports Caribsports offers the following deposit options for USA Players: Visa/Mastercard credit cards, Bank Wire, Check, UseMyWallet, eWalletXpress, 900Pay, and Quicktender. USA players will find all these method very convenient while Caribsports ensure as safe transactions through the SSL protocol.
Sports Wagering at CaribSports Caribsports offers tons of American sports like the NFL, NBA, MLB, and NHL. They also PGA Golf, Soccer, Auto Racing, and Tennis. USA players are certain to find the sport, they want to bet on, when wagering at CaribSports.
Types of bets found at CaribSports Caribsports lets players bet on all their sports they offer. They have an excess of various betting lines including moneyline, spread, total, teasers, future and a few others. Most of their lines have awesome payouts to all the USA players.
Bonuses and Promotions at CaribSports Caribsports will get new USA players on track with a 50% match bonus up to $250. This new player bonus comes with a 5x times rollover requirement. The sportsbooks will also give out 10% reload bonuses every day. CaribSports will give out special promotions and bonuses every single day of the week. On birthdays, the sportsbooks will even hook customers up with a $20 bonus just for playing their Daily Numbers game. Caribsports offers so many chances to get free money from their sportsbook.
CaribSports Sportsbook Review For 2020.
CaribSports has been serving the online sportsbook community since 1993, while continuing to provide outstanding service to all its players. They offer a grand sign up bonuses while giving the players dozens of lines to bet on every single day. CaribSports is licensed in Antigua but is has its headquarters located in Belize. Their website may not be as clean as Bodog or Diamond Sports International, but is still asy to get around and find which bets you want to make. On the contrary, CaribSports is currently getting ready to redesign their website to better suit its players, when they do, you can count on our CaribSports Sportsbook Review. They are accepting any feedback about their website in exchange for free cash. They have a horse racebook that even includes Yankee Bets. One aspect that ranks CaribSports very high is the daily promotions they give out to all of the players. Everyday you literally have a chance to win prizes and cash. Another unique game that CaribSports offers is Texas, where you get to pick daily numbers for huge payouts. CaribSports overall offers a great Offshore Sportsbook and Racebook. But if you are looking for casino play, there are other online casino that offer better deals and more games.
CaribSports Online Sportsbook - 50% Welcome Bonus - First Deposit Match.
CaribSports Sportsbook Bonuses: 25% To $250 Initial - 10% Reload.
CaribSports online sportsbook goes to great lengths to provide some of the best sports gambling bonuses. When you sign up they will give you a huge 25% bonus up to $250. This has a 5x times rollover rate applied to the bonus. When you refer a friend, CaribSports will give you 100% bonus on this bonus. This is essentially worth up to $125. With that they have a 10% reload bonus up to $250. With all these bonuses, CaribSports makes it easy to get started.
CaribSports Deposit Methods Accepted.
CaribSports offers all sorts of ways for you to deposit on their sportsbook. Like most Online Sportsbooks, hey make it very easy to get started with safe and secure transaction methods. The following are different methods to deposit on CaribSports: Visa and Mastercard credit cards, NETeller, EcoCard, Moneybookers, Money Transfer, Instadebit, and UseMyWallet.
CaribSports Sportsbook Withdraws.
CaribSports not only makes it easy to deposit, they make it just as easy to cash out your winnings. You can choose one of their numerous methods including: EwalletXpress, Fedex check, and Instadebit which are capable of quick sportsbook payouts.
CaribSports Sportsbooks & US Players.
CaribSports is proud to offer their sports betting venue to all US residents as they are considered one of the best US Legal Online Sportsbooks. They present effortless ways to deposit cash right into their sportsbook. CaribSports also makes it very simple to cash out your winnings. Americans from all over are able to get started and begin betting on all sorts of different sports very easily. CaribSports supports its American players with some helpful service as well as advice to make sure bets.
CaribSports Mobile Betting.
At this time, CaribSports does not offer mobile betting yet but they are trying to get it in place and ready to use. Consult our Review of CaribSports Sportsbook for future information and plans from this trusted online sportsbook.
CaribSports Customer Service.
CaribSports Casino houses lots of casino games like Blackjack, Baccarat and Craps. You can use your winnings from the sportsbook to play with on the casino.
CaribSports Special Promotions.
CaribSports really sets the bar for USA online sportsbooks with their astounding promotions they offer everyday. On Mondays, they offer a daily numbers pick where they raise the odds. They also have a Last Man Standing Contest with only $1 entry. This contest has a prize pool up to $500. On Wednesday or “WINSday,” CaribSports gives $1000 to four lucky players. On Thursday, CaribSports rebates all Horse Racing action 5%. On Friday or “FREEday,” if you by $50 worth of numbers, they will give you $10 for free. CaribSports also offers other promotions like Birthday Bonuses and Promo Squares. Overall their sportsbook welcome bonuses make them definitely worth a try.
Overnight Lines At CaribSports.
Carbisports Online Sportsbook updates their lines quickly every week because they know their players want the lines up early for efficient betting. They let you put your bets down before the lines change in the week.
Wager Types Offered At CaribsSports.
We couldn't leave out the sportsbook wagering types from our CaribSports Sportsbook Review, so we are here to tell you that CaribSports offers the standard betting formats similar to other online sportsbooks. They allow you to Straight bet, Parlay, Over/Under, Teaser, Buying Points, If Bet, Yankee, Lucky, Future Betting, and Prop bets. The prop bets they have differ depending on what type of sporting event you betting on.
NFL Betting Lines At CaribSports.
CaribSports does a phenomenal job with all their NFL sporting lines on their sportsbook. You have the ability to bet on every game with many different kinds of bets. For the games they allow to Straight bet, Parlays bet, Over/Under, Teaser, If bet, Future and Prop bet. One of their future bets allow you to pick a winner of the next Super Bowl. A standard Prop bet they offer would be how many yards will Brandon Jacobs run this game.
MLB Lines At CaribSports.
CaribSports has many great lines for MLB Baseball updated every day. For the games you can Straight bet, Spread bet, Over/Under, Prop and Future bets. Some of CaribSports future bets include picking Division Winners as well as the Pennant Winners.
NBA Lines At CaribSports.
NBA basketball is widely represented at CaribSports. They have lots of ways to bet on NBA like Straight bet, Spread Bet, Over/Under, Prop and Future. They let you bet on every NBA game too.
NHL Lines At CaribSports.
NHL ties in right with CaribSports while they have tons of lines and offer many ways to bet on the NHL. You can bet the NHL point spreads or the Over/Under for many of the games. They also let you future bet on lines like who will win the Stanley Cup.
CaribSports Horse Race Betting.
CaribSports offers one heck of a racebook for horse racing. They have dozens of lines available everyday and even offer 5% back on action for the week. You got the option to Straight Win, Place, or show, Exacta, Perfecta, Quinella, Daily Double, and many more. With all these ways to bet, CaribSports makes it easy to win on the horses after reading this Review of CaribSports.
Best 5 Sports Betting Sites Online 2020 | Top Sportsbooks.
Sports betting on the Internet can be a thrilling experience for anyone. If you want your sports betting experience to go off without a hitch, however, you need to find the right website. Thankfully, the Internet is home to quite a few appropriate sites that can provide users with top-notch experiences. Be sure to check them out as soon as you get the chance.
#1 Bovada.
If you’re keen on sports betting online, then there aren’t many website options that can even compete with Bovada. People who have penchants for gambling on the Internet often can’t turn away from this option. It presents users with an abundance of diverse choices as well. Some examples of these are baseball, basketball, and golf. It doesn’t matter what your specific sport preferences are. Bovada can help you attain an online betting experience that’s one for the record books, period. When you’re on the lookout for the best sports betting sites, then Bovada without a doubt should be on your radar. Fans of sports betting online frequently gravitate to Bovada and to all of its choices. Registration with Bovada can be a delight as well. That’s due to the fact that newbies can receive thrilling perks as incentives. If you like the concept of betting on hockey, basketball and the like, then you won’t be able to resist paying a visit to Bovada. Tennis bets have never been quite so pleasant online.
Carib Sports.
One thing to always keep in mind when looking for a place to bet on sports is their longevity. A sportsbook that has been in business for a long time without changing ownership or even worse names, is something to keep in mind. Staying in business for a long time usually comes with a reputation and usually, it is a good one.
They do not accept players from France and have had an on-again / off-again love affair with players from the United States. They started by accepting them when they started, then stopping the acceptance of players from the US years later. They then began accepting players once again in 2007, only to cease operations in the US again in 2011. They are now back in business but they have had a long history of problems at one time or another.
When they first opened they were considered a blue-chip sports betting site. They were the best of the best and they had an unmatched reputation as one of the best. That all changed in 2003 when the FBI cracked down on sports betting sites that were catering to US players although they were outside the United States. Carib is located in Belize and is backed by their laws and regulations. This did not stop the FBI by putting on a full court press and this was what looked like the beginning of the end for Carib Sports.
They lost millions and reports were that they were being choked out of their operating funds. This was enforced by complaints of slow or no pay problems. Although things looked bleak, they not only rebounded as a sports betting site but are getting better and better each and every year.
They went from getting horrible reviews at the major sportsbook review sites to climbing back into the good graces of these sites and their players. They offer a modest 25 percent sign up bonus coupled with 10 percent reload bonuses. Although this is nothing to get too excited about it, it is encouraging to see an upward swing from this once proud establishment.
They offer different betting options that include a sportsbook, racebook and casinos. The racebook comes with a five percent rebate and they also offer up special wagering attractions like Daily Numbers, Squares, and contests.
Just because a sportsbook has been in business for a long time it does not mean that they are instantly reputable. Only a complete look back at the full history will give you a glimpse of what kind of sports betting site that you are dealing with.
Antigua and Barbuda betting sites.
Betting from the sovereign state of Antigua and Barbuda is 100% legal and regulated, with 100s of betting sites accepting customers from this corner of the West Indies. People from Antigua and Barbuda are allowed to wager with betting sites licensed in this country, and they are also allowed to bet with UK companies. This means the top Antigua and Barbuda betting sites will cater specifically to the Eastern Caribbean dollar, and if they don’t they will allow you to convert your money into USD or another popular global currency. Our article will teach you everything you need to know about betting from Antigua and Barbuda, including how to deposit, the top betting sites and bookmakers and of course whether you are eligible for any betting sign up bonuses or promotions. The best Antigua and Barbuda betting sites for 2021 are:
Best Antigua and Barbuda betting sites.
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Top betting sites for Antigua Barbuda.
The Antigua Barbuda licensing body is whitelisted by the United Kingdom Gambling Commission, which means operators boasting this seal, are allowed to market their services to punters in the United Kingdom. This shows how far the best betting sites have come since the early days of the Antigua and Barbuda gambling licenses regime, if the top gambling regulator in the world — the UKGC — allows its players to play with their sites.
The best online bookmakers for Antigua and Barbuda will have thousands of daily markets on a myriad of different sports, including all the ones, like the — NBA, EPL, NFL and various other leagues — that are popular in the East Caribbean. You will be able to bet on these sports, and many more, before the events start and also after they are in-play, with these in-the-running bets some of the most popular.
As a general rule at Antigua betting sites you will be able to also bet on horse racing, with these markets coming from places like the United Kingdom, the United States, Australia and Hong Kong. Popular bet types that you can place at horse racing betting sites include win bets, win and place, trifectas, quinellas and many more.
Antigua and Barbuda gambling laws.
The two Caribbean islands Antigua and Barbuda, comprising as one country, were relatively unknown to the world, until making headlines in 2017 when Hurricane Irma devastated infrastructure. But Antigua and Barbuda are the headquarters for many online gambling operators, and the country became one of the very first jurisdictions to issue betting site licenses. While the islands have launched operators into success, we take a look at what’s available back home for the residents, plus reveal why the US owes Antigua and Barbuda millions over gambling.
While they are two islands located between the Caribbean Sea and the Atlantic Ocean, Antigua and Barbuda are considered a single country. Once considered to be a part of Britain, the country became independent in 1981, maintaining a similar legislative framework to the UK (and likely one of the reasons the country has an advanced regulated gambling industry).
Punters residing in Antigua and Barbuda are incredibly lucky with the two Caribbean islands regulating online gambling, utilising the revenue for infrastructure. All forms of online gambling, including sports betting, is regulated under the Interactive Gaming and Interactive Wagering Regulations 2007. Operators that want to service Antigua and Barbuda residents can apply for gambling licenses, which have been granted since 1994 by the Directorate of Offshore Gaming. Licensees are required to have a physical office located on one of the two islands, with the regulator regularly checking in.
There are two obtainable licenses available on the twin islands, including a sports betting/bookmaker license and an interactive gaming, such as poker and other games, license. Operators that successfully obtain a license can also accept UK residents, since Antigua and Barbuda is a whitelisted jurisdiction, though, the UK Gambling Commission approves individual operators licensed by the country.
Antigua and Barbuda gambling license requirements.
Directors and shareholders with five percent or more of the company meet “personal and corporate due diligence requirements” The gaming software offered meets “internationally recognised standards for fairness” The bookmaker/casino has physical corporate headquarters and their primary servers actually in Antigua and Barbuda. The primary server has to “contain all information in relation to all players, including game history, financial history and current liabilities”
Antigua Barbuda v USA in battle of gambling.
The 2017 category 5 storm wiped out Barbuda, bringing to light a case which the two islands have been battling against the US since 2003. Rebuilding the island has been estimated as a $USD230-$300 million price tag, which could be covered if the USA paid its debts.
So what happened exactly? The US began its notorious crackdown on online gambling around the world, specifically offshore operators accepting American players, which meant Antigua and Barbuda lost a significant portion of income.
The twin islands took their case to the World Trade Organisation (WTO) in 2004, which ruled the US violated its trade agreements by prohibiting online betting via Antigua and Barbuda hosted sites. A lawmaker declared the islands lost $21 million a year, covered under American intellectual property rights. One unsuccessful appeal later, the US was ordered to pay.
The US has offered to settle the case for $2 million, which the country refutes given the calculative sum owed exceeds $200 million.
While American punters cannot access Antigua and Barbuda licensed online betting sites, there are options available to the island’s residents, with licensed sports betting platforms offering a vast range of wagering markets. European punters are also eligible to access these sites.
Antigua and Barbuda licensed betting sites.
One of the top online betting sites, licensed by Antigua and Barbuda, is Bodog. It features a sportsbook with a large range of sports betting and racing markets, plus promotions and a variety of different payment methods (see below). Unfortunately, you won’t find the Eastern Caribbean dollar readily available at online betting sites, so you will have to play in EUR or USD.
Betting site Bodog Sports betting Yes Horse racing Yes Casino Yes Bonus 100 percent on first deposit Minimum deposit $20 Minimum withdrawal $20.
While there are other online betting sites, as listed in the table above, available to Antiguans and Barbudans, they are not licensed by the country’s regulator. Reputable regulators, including the Malta Gaming Authority and the UK Gambling Commission, license these sites.
Payment methods for Antiguan and Barbudan punters.
If you’ve chosen Bodog as your preferred online betting site, since it the site’s licensed in Antigua and Barbuda, then you can deposit with bitcoin, credit cards and Interac e-Transfer.
At the other reputable online betting sites, you will find a range of payment methods. Log in to see what’s available and be sure to look into any transaction fees.
Online bookmaker payment methods.
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live online sports betting |
Posted by: FabioIneks - 02-08-2021, 02:32 PM - Forum: My Forum
- No Replies
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п»їBest Online Sports Betting Site 2021 - #1 Top Sportsbook.
#1. Bovada.
Bonus: 50% up to $250.
#2. BetOnline.
Bonus: 50% up to $1000.
#3. MyBookie.
Bonus: 50% up to $1000.
Are you looking for the best sites for betting on sports and horse racing? Well, stick around, because this is all about showing you the best online betting sites.
Here are the 3 Best Online Betting Sites / Sportsbooks.
Bovada.
Bovada has changed the face of Sports betting online. They have a great sportsbook, racebook and one of the largest online poker rooms for players in the US. Their racebook is only open to North American thoroughbred and harness races.
Bonuses.
Bovada offers a 50% signup bonus up to $250 and a bitcoin sports bonus of 50% up to $500 with a promo code. There is also a 100% match bonus eligible up to $1,000 and a bitcoin casino signup bonus of 150% match up to $1,500, both of which are redeemable up to three times. You starting bonus requires you to bet 5 times the amount of your initial deposit and bonus.
Deposits and Payouts.
They only offer two ways to make a deposit and that is with credit cards and bitcoin.
Their payout system has improved massively over the years. In the past, this was the main complaint about Bovada, but now that they fixed it by speeding up the process and being one of the first online sports betting sites to offer bitcoin withdrawals.
The minimum deposit amount is only $20.
Customer service.
BetOnline.
BetOnline is great for sports gambling online in many ways, but especially with baseball. They constantly work to improve the online experience with their bonuses and other elements such as betting types.
Bonuses.
BetOnline has a 50% signup bonus up to $1,000. There is also a 25% reload bonus eligible up to $1,000 and a $100 bonus for every friend who signs up and makes a deposit.BetOnline also has free play reload bonuses.
Deposit and Payment Options.
You can make a deposit with Visa, Mastercard, Discover Card, Diners Club cards or American Express. They also accept Moneygram or Western Union transfers, bank wire transfers, Bitcoin and Etherum deposits, checks, or you can send money from your Skrill account. Offering so many options makes them one of the Best Sports betting sites.
The minimum deposit amount is only $10, which is the lowest you’ll find.
Customer Service.
They have great, round the clock customer service. BetOnline has live chat, a toll-free phone number both can be reached 24/7 in English or Spanish.
BetOnline is a great gambling site because they put lots of effort into their Racebook. They have a well-run blog that offers advice for gamblers of all skill levels and they really know how to keep novice bettors interested and coming back.
MyBookie.
MyBookie is another place which offers Sports betting online. They are newer than the others but already have a great reputation online.
Bonuses.
They 50% signup bonus up to $1,000, a 100% casino signup bonus up to $300. While the refer-a-friend bonus is only 10%, that can be offset if you refer high ticket customers to them. They also have a 3- tier loyalty program that offers free payouts, birthday gift cards, game seats, and more bonuses.
Deposit and Payment Options.
They accept Visa, Mastercard, Bank Wire, Check, and Person-to-Person Transfer for deposits. The minimum deposit amount is $50. You are allowed one free payout, then you’ll be subjected to a fee for each withdrawal.
Payouts are completed within 48 hours. This makes them a top sites out there.
Customer Service.
They offer a live chat customer service or you can call them 24/7, but they only support English. They are one of the newest betting websites, but they’re one of the top sites for Sports gambling.
These websites are Best Sports betting sites because they value their customers and constantly work to make improvements.
Casinos, Online Sports Betting Gaining Traction In Virginia.
Along with drafting regulations for proposed casinos, the Virginia Lottery has approved five permits for live sports wagering in Virginia.
Mark Hand , Patch Staff.
VIRGINIA — The Virginia Lottery Board on Wednesday approved initial regulations for proposed casinos in Bristol, Danville, Norfolk, Portsmouth and Richmond. In 2020, the General Assembly designated the Virginia Lottery as the regulator of casinos in the state, along with mobile sports wagering.
For casinos, the Virginia Lottery will require that each game that operates electronically be connected to a central monitor and control system. Casino wagers must be conducted only with tokens, chips, or electronic cards purchased from the facility operator. Casinos will not be allowed to extend credit to players.
The Virginia Lottery said it will refine the initial regulations through a rulemaking process that will include an opportunity for public participation. The 2020 casino legislation passed by the General Assembly required adoption of an initial regulatory framework by April 2021.
At its Wednesday meeting, the Virginia Lottery Board also received an update on the recent launch of mobile sports betting in Virginia.
Live sports wagering launched in Virginia on Jan. 21 and now includes five approved permit holders: FanDuel in conjunction with the Washington Football Team; Draft Kings; BetMGM LLC; Rivers Casino Portsmouth; and Caesars Virginia LLC.
"The Lottery's role as regulator is based on its three-decade track record as a respected and trusted gaming authority in the Commonwealth," Kevin Hall, executive director of the Virginia Lottery, said in a statement. "The Lottery's professional staff and our Board will work to protect the public interest by ensuring the integrity of casino gaming through the strict enforcement of the law and our regulations."
For casino operators, the Virginia Lottery said it will conduct a review of casino operators when applications are submitted, including criminal history and financial reviews of designated gaming operators. Regulatory requirements also will specify internal controls and on-site security and surveillance requirements.
Online gaming, sports betting to go live in Michigan on Friday, Jan. 22.
In-person sports betting in Michigan began at 1:00 p.m. on Wednesday, March 11, 2020 at MGM Grand Detroit and Greektown casinos. MotorCity Casino begins at 10am, March 12. (Photo by Edward Pevos | MLive)
Online gaming and sports betting in Michigan will go live at noon Friday, Jan. 22.
The Michigan Gaming Control Board on Tuesday authorized nine casinos and their platform providers to launch on Friday, just in time for Sunday’s NFL conference championship games.
The next few days will give the operators and platform providers additional time for testing and adjustments before the gaming goes live, according to MGCB executive director Richard Kalm.
“The Michigan Gaming Control Board and the state’s commercial and tribal casinos will begin a new era Jan. 22 with the launch of regulated online gaming and sports betting,” Kalm said in a news release. “Michigan residents love sports and, judging by inquiries we’ve received, eagerly anticipate using mobile devices to place bets through the commercial and tribal casinos. Online gaming and sports betting will provide the casinos with new ways to engage with customers while the state and local communities will benefit from taxes and payments on wagering revenue.”
The nine operators authorized to begin online offerings Jan. 22 are: DraftKings, William Hill, FanDuel TwinSpires, Golden Nugget Online Gaming, Rush Street, BetMGM, Wynn and Barstool (sports betting only). More operators and platform providers are expected to receive authorization in the coming days and weeks, according to the MGCB.
Only licensed casinos in Michigan — the 24 tribal casinos and three Detroit casinos – are allowed by law to offer online gaming and sports betting. Many opened retail sportsbooks in March, but setting up rules for online gaming and sports betting was a painstaking process as the MGCB set up an all-new framework that incorporated the licensing process, standards and regulations and penalties for noncompliance.
Friday’s launch, which will come more than 12 months after Gov. Gretchen Whitmer signed a bill to legalize online gaming, should create a new lucrative revenue stream for casinos, which were hit hard by the COVID-19 pandemic.
Overall, the three Detroit casinos reported about $639 million in aggregate revenue for 2020, down 56% from 2019, according to MGCB data. But online gaming and sports betting could be an avenue for casinos to make up for substantial losses incurred in 2020 while also generating millions in tax revenue for the state and Detroit.
The online sports betting rate is 8.4%, one of the lowest among states with legal sports betting. The tax and payment rate for internet gaming ranges from about 20 percent to 28 percent.
For Detroit casinos, 30% of online sports betting and internet gaming taxes will be allocated to the city, while 65% will be allocated to the state Internet Sports Betting Fund or the state Internet Gaming Fund. The other 5% will go toward the Michigan Agriculture Equine Industry Development Fund (up to $3 million per year from each tax source).
For the tribal casinos, 90 percent of online sports betting tax payments are allocated to the Internet Sports Betting Fund, with the other 10% goin toward the Michigan Strategic Fund.
For internet gaming, payments by tribes are allocated 20 percent to local jurisdiction governing body for services, 70 percent to the state Internet Gaming Fund and 10 percent to the Michigan Strategic Fund.
With pro teams in all four major sports and two prominent colleges in Michigan and Michigan State, Michigan is expected to be a prosperous market for operators.
“There is the extremely popular sports culture, not only on the pro team side, but you also have some really tremendously popular college teams,” DraftKings president and co-founder Matt Kalish told MLive. “In sports books, two of the top five sports are college basketball and college football. So when you have the Spartans and you have Michigan, these are really popular college organizations that have had a lot of success and have a lot of fans. I think that really helps just build up the overall audience for something like a sportsbook. It’s ultimately just a way to get skin in the game on the sports you’re watching. So the more consumption of sports that’s going on in the state, the better our product does.”
The minimum age for online gambling and sports betting is 21.
Online sports betting is live, could be the next Amazon.
(WXYZ) — Mike Mooney is the CEO of Choices Counseling Center in Roseville, a licensed counselor for 25 years, and is on the board of the Michigan Association of Problem Gambling.
The 24-hour Helpline is 800-270-7117. He wants that number out there because expects online gambling, now live in Michigan, to be a growing problem.
Mooney tells 7 Action News betting on smartphones could become the next Amazon with fewer people going to brick and mortar casinos.
“The 21st Century is going to tremendously expand with online gambling.”
And he says young adults are the target because they are familiar with smartphones.
The industry is blurring the line with not just sports bets, but also casino games on the apps.
Michigan approved online gambling because it generates tax revenue. Online gambling service providers include Michigan casinos.
The competition is fierce to get and keep the new players.
Mooney says The Michigan Association of Problem Gambling position on this is “neutral” because they would also like to see the state increase the amount of money it spends to help problem gamblers.
Online sports betting is now live in Michigan.
MICHIGAN — With online sports betting now live in Michigan, analysts are predicting it could bring in millions of dollars in tax revenue.
At 12:00pm Friday afternoon, 10 companies launched their online betting platforms in the state. 5 more are expected to launch in the near future.
“When the market matures, we're talking about $50 million probably for the state of Michigan in tax revenue,” said Matt Schoch, a gambling analyst for PlayMichigan.
"We're talking about maybe $8 billion in sports bets annually here in the state of Michigan when the market matures, as time goes on."
Schoch says New Jersey saw about $6 billion in wagers in 2020.
It hasn't been a quick road to get to this point. Schoch says “It's been about 2016 that they started putting bills in Lansing to make this happen. They had it almost figured out in 2018, but then Governor Rick Snyder vetoed it at the last minute."
A year later, Governor Whitmer would sign those bills into law.
Schoch says he is excited to see how the platforms that tribe-owned casinos in West Michigan launch fare against more corporate options like FanDuel and DraftKings.
"Particularly Four Winds down in New Buffalo and Firekeepers in Battle Creek, Soaring Eagle in Mount Pleasant, they're going to have their own self-branded apps."
If you or someone you know has issues with gambling addiction, you are encouraged to check out the resources at Good Luck Mate.
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online sports betting arrests |
Posted by: FabioIneks - 02-08-2021, 02:27 PM - Forum: My Forum
- No Replies
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п»ї36 people arrested in raid on an alleged online football gambling operator in Si Racha.
Thirty-six people including 32 Thais, 3 Myanmar nationals and a Laotian were arrested after police raided an online football gambling operation in Si Racha.
Police were notified after they had been given a tip-off by the вЂGambling Report’ official LINE application used by Thai police for anonymous reports.
A house in the Surasak sub-district was being used as the alleged online gambling hideout.
Thirty-six people which were described as 32 Thais, three Myanmar nationals, and a Laotian national have been arrested. A number of computers and other electronic devices were seized by the police.
They are facing charges of providing and persuading illegal online gambling and offending the emergency decree.
This story first appeared on The Pattaya News.
Gambling advocate and net idol arrested for allegedly running online gambling operation.
Thursday, February 4, 2021.
An internet idol once called the “Gambler King” by the Bangkok Post was arrested for allegedly running an online gambling operation. The 29 year old self-professed gambler, Apirak “Sia Po” Chat-anon, is known for advocating for the legalisation of gambling. The Thai government even asked him to be an advisor on a committee reviewing Thailand’s laws on gambling.
Police from the Crime Suppression Division also arrested Sia Po’s “follower” Pacharapol Chansawang and 25 Burmese workers early this morning. Officers raided Sia Po’s home in Bangkok’s Phasicharoen district as well as 6 other places allegedly related to the gambling network. A crowd of reporters followed armed officers in one of the raids. (See video below)
The bust comes during a nationwide crackdown on gambling, called for by both the national police chief and PM Prayut Chan-o-cha after a rise in Covid-19 infections linked to gambling dens.
Sia Po was also arrested in October after a shooting outside a massage shop allegedly involving 2 rival groups.
SOURCE: Bangkok Post.
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4 Comments.
Thursday, February 4, 2021 at 5:25 pm.
Gambling is worse than pedophilia. Send him to prison for life or better yet execute him. That will teach others about the immorality of buying lottery tickets or betting on a ball to land on red instead of green.
Friday, February 5, 2021 at 11:56 am.
Gambling is worse than pedophilia?
You need to get your head examined.
Thursday, February 4, 2021 at 7:48 pm.
I love the phone camera people, following the heavily armed swat team.
Friday, February 5, 2021 at 4:23 am.
The guy deserves this for his boasting and becoming a public figure. He thought he was untouchable. Hubris. Oh, yeah, and somebody needs to teach him that a mask goes OVER the nostrils. Idiot.
Leave a Reply.
Bangkok’s future is green, forest park project set to finish next year.
52 people in Bangkok arrested for alleged involvement in illegal loan operation.
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Health officials worry about potential spread of Covid-19 during Chinese New Year.
Craft beer association proposes rules for re-opening Bangkok bars.
Officials say 4 Bangkok parties have led to nearly 40 Covid-19 cases.
Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.
Coronavirus (Covid-19)
Health officials worry about potential spread of Covid-19 during Chinese New Year.
Sunday, February 7, 2021.
With families across Thailand likely to get together to celebrate the Chinese New Year this weekend, health officials are concerned the gatherings could potentially spread Covid-19. In Bangkok, Friday’s festivities celebrating the year of the ox in Yaowarat, known as Chinatown, have been cancelled by the Bangkok Metropolitan Administration due to Covid-19 concerns.
Health officials are urging the public to practice disease prevention measures like social distancing when reuniting with family and friends. The director of the emergency disease and health hazards control division under the Department of Disease Control, Chawetsan Namwat, says strict social distancing is important at family get-togethers and suggested reuniting virtually instead, using video calls to make sure there is no risk of infection, especially with elderly family members who are the most at risk.
“People are advised to wear face masks when talking, or use chat applications with video call features to reduce physical contact.”
Recently, a number of coronavirus infections in Bangkok have been linked to social gatherings. 4 separate parties in Bangkok are behind nearly 40 cases of the Covid-19 virus, according to spokesperson from the Centre for Covid-19 Situation Administration. They say alcohol was a main factor in people letting their guard down when it comes to practicing disease control measures.
In Tak’s Mae Sot district, bordering Myanmar, 11 people from 7 families tested positive for Covid-19. The infections are all linked to the same person. Following the recent cases, provincial officials declared the district a maximum control zone, banning large gatherings and imposing a mandatory 14 day quarantine for all arrivals.
SOURCE: Bangkok Post.
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Online Gambling Racket Busted By Mumbai Police; 14 Arrested.
by Mrinal Gujare Posted on 03 Feb, 2021.
MUMBAI: As per a news report by Press Trust of India (PTI), Mumbai police arrested 14 people in an online gambling bust. A Mumbai Crime Branch official reportedly revealed that on Tuesday, February 2, based on a tip-off, the property cell of Crime Branch busted an online gambling racket. The news reports state that the police managed to seize INR 1.39 lakh cash, 14 mobile phones, playing cards, SIM cards, router among other things.
According to media reports, Mumbai Crime Branch officials further added that the 14 accused will be under police custody till February 5. Previously, it was reported how in July 2020, the crime branch of Mumbai police, raided an online gambling racket and arrested three people from a plush location of Mumbai’s Bandra suburb. News reports reveal how officials from the property cell busted a ninth-floor apartment in Bandra and arrested three alleged culprits for playing online poker.
ALSO READ: Pune: Online Matka Gambling Racket Busted, 6 Booked.
According to media reports, an official from the crime branch said that the three people arrested by them used the PP Poker application, which enabled them to create multiple online gambling clubs which could have its presence across the country. Furthermore, around three laptops, five mobile phones, two internet routers and cash worth INR 90,000 was seized from the suburban apartment.
On February 17, 2020, the Mumbai crime branch also arrested 17 people from an upscale location of Oshiwara, in connection with gambling and operating a gambling den. The news reports add that one person was arrested for running the gambling den while the remaining 16 were arrested for their involvement in gabling.
NET IDOL SIA PO ARRESTED FOR ILLEGAL ONLINE GAMBLING OPERATIONS.
Police have raided a commercial building in Bangkok and arrested the net idol Sia Po along with 25 Burmese workers.
Sia Po, once called the “Gambler King”, had millions of online followers and rose to fame by having inside knowledge of cases like the 2017 karaoke girl murder in Khon Kaen.
He showed off his riches online with lambos, stacks of cash, and beautiful girls. But Sia Po was also known as a charitable man who curried favour with his fans by donating large sums to flood victims and others in need.
He claimed that he made his mony by selling male supplements online and investing in a foreign casino.
The bust comes during a nationwide crackdown on gambling, called for by both the national police chief and PM Prayut Chan-o-cha after a rise in Covid-19 infections linked to gambling dens.
Sia Po was also arrested in last October after a shooting outside a massage shop allegedly involving 2 rival groups.
Last year Sia Po testified before a working group of the House select committee on law, justice and human rights, which is mulling changes to the gambling law.
“The government invited me to talk on online gambling…how we should fix the law so we get money coming into the country,” he told his followers later on Facebook.
Members invited Sia Po, who faces charges of money laundering and enticing Thais to gamble online, because of his “knowledge” in this area.
Netizens, unhappy MPs had offered Sia Po the post of adviser, dug up embarrassing episodes from his past, including one where he rode down a street on his motorbike wearing nothing but pink underwear, for which he was given a suspended jail term.
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quantity vs quality in sports betting |
Posted by: FabioIneks - 02-08-2021, 02:21 PM - Forum: My Forum
- No Replies
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п»їSports Betting Section.
MADDUX'S WINNING PICKS.
MADDUX'S LIVE ODDS.
SITE FEATURES.
Quality vs Quantity Sports Betting Strategy.
A debate you will always hear when it comes to sports betting is what the ideal number of bets to make is. Should you look to make a large number of bets each week, or should you instead concentrate on a few games that are the highest quality and give you the best chance of succeeding. You might expect someone in my position to tell you that you should focus on making the best quality picks you possibly can at all times. I’m not going to do that because I don’t think that it is necessarily true. There is no one right answer for most situations in sports betting. What is important is you go down the path that is right for you. That means that you need to evaluate what your strengths, weaknesses, and goals as a sports bettor, and pick the approach that is best for you. Here are six questions to ask yourself to help determine if quality or quantity is the approach for you when handicapping:
What are your goals? – there is another way you could ask this – why are you betting? Is your goal to make as much money as you possibly can? Or do you enjoy the puzzle and the challenge of trying to figure out how a game is going to turn out and who is going to win? Do you like to watch every game that you bet on to enjoy the thrill of watching? Or do you like to have lots of bets live at the same time so you can pay attention to them all? Are you committed to making a meaningful amount of money from your betting, or are you more interested in the action? The more of an honest sense you can get of what you want to get out of betting the better you can answer the question of what approach is best for you.
Can you bet more games and still be a winner? – If you want to consider betting on more games then you need to make sure that you stand a good chance of being profitable while doing so. If not then what’s the point? In order to consider increasing your quantity of bets, then, you need to be sure that you are making a solid profit per game now at the level you are betting. Your profit per game is likely to decrease as you bet more games, so you need to make sure that you can still make a profit if you make less per game. This involves some guess work, but by looking back at your sports betting records you can likely make a reasonable guess.
Can you streamline your handicapping process to make it faster? – In order to bet a lot of games you need to be able to effectively handicap a lot of games. That’s not rocket science. You still need to be able to handicap effectively, though – if you are sacrificing significant handicapping effectiveness to bet more games then you likely ultimately aren’t going to be any further ahead – and you are undertaking a whole lot more risk in the process.
How much time do you have to get ready? – This is really an extension of the last point. Betting one more games means more time handicapping (likely), more time making bets, more time following those bets, and more time recording and interpreting the results. There is nothing wrong with spending more time doing those things, but only if it makes sense for you and helps you reach your goals more effectively. If you don’t have the time to properly bet more games then your handicapping quality – and ultimately your results – are going to suffer.
How big is your bankroll? – When you are betting on more games you are likely to have more money exposed at the same time. Even if you decrease your unit size slightly because of the increased number of bets you are making you could still have several active bets at the same time. If you don’t have a big enough bankroll to handle the risk – and the potential that you could fall into a pretty good hole if you hit a losing streak – then you are not going to be able to succeed over the long term. It is always important to be properly funded for your sports betting, but it is especially important when you are going to be betting a lot.
Why do you want to bet more games? – Ultimately this is what it all comes down to in sports betting. If you have a good reason that makes you want to bet on more games, and you are reasonably confident that you can do it effectively, then there is no reason not to do it. One of the great joys of sports betting is that you only have to answer to yourself.
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Getting Started with Sports Betting Money Management.
The first step for any sports bettor is to look at wagering as an investment, not a gamble. To the pros, wagering on sports is no different than the stock market. It’s the process of investing money based on research and hard work. Thus, you must make a decision of how much money you are willing to invest. This should be the amount of money that you are willing to lose and money that you can afford to lose. Sports betting can be very volatile, so you absolutely cannot be betting money that is used to pay your daily, weekly, and monthly bills. Never make a wager with money that you absolutely need financially.
What percentage of bankroll should you bet on a game?
The next step is finding the right amount of the betting bankroll that you have set aside to wager on one particular game. Experts have been debating this question for years but in my experience, most pros bet between 1 and 5 percent of their betting bankrolls and I firmly believe in this strategy as well. You should never bet more than 5% of bankroll on one particular game. Now that we have set our parameters for bankroll management, we have to find the correct percentage for you as a sports bettor to wager on the outcome of one game. This is where it gets tricky.
I personally am a quality over quantity gambler, meaning I only like to bet a very small amount of games. I generally bet one game a day. Sometimes I will bet two and other days, I will pass. For me, it makes sense to wager 5% of my bankroll on each play I am betting on since I am only betting the absolute strongest plays on the board each day. If you are going to be what’s known as a volume bettor, betting anywhere from 5 to 10 games a day, you should bet less. Pros that are betting volume generally bet 1 or 2 percent of their bankrolls on each selection they make. Now if you fall in the middle, betting between 2 and 5 games a day, I recommend betting 3% of your bankroll.
What does it mean to be a Flat Bettor?
All of the above guidelines are based on the premise of being a flat bettor, meaning you bet the same amount on each game. I am a firm believer in flat betting but many professional handicappers rate their plays from weakest to strongest. If you decide to do this, you should still stick to betting between 1 and 5% of your bankroll on any given game. However, with this style you must deviate how much to bet on a game based on its rating or strength. Therefore, your strongest games should be 5% and your weakest selections should be 1%. Most handicappers use the star system: 1*, 2*, 3*, etc. For each star that a handicapper places on a game, is a percentage you should wager. If you use a handicapper who has a larger range then 5*, then your parameters have to be set up a little differently. But always stick between 1 and 5%. This style of betting will give you the best chance at long term financial success and make it possible to weather the storms of inevitable losing streaks.
How to choose a sports betting site?
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Posted by: FabioIneks - 02-08-2021, 02:16 PM - Forum: My Forum
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п»їThe Ultimate Guide to Sports Betting.
In 2018, the United States Supreme Court’s decision in the Murphy v. NCAA case opened the door for legalized sports gambling. Immediately after that decision, the state legislatures went to work and many passed laws making wagering legal.
Though now legal in many states, sports betting enthusiasts found ways to gamble for years. Now, with legal casino and online operations growing in rapid numbers, it’s never been easier for a player to find action.
Are you a sports fan? Do you have the itch for some action but are not familiar with sports betting rules? Don’t be a square and bet before you know what you’re doing. That’s an easy way to lose money.
Check out our comprehensive guide on sports betting to educate yourself.
It Seems So Simple.
For as long as there have been contests, someone bet on the outcome. From ancient Greece to present-day Las Vegas, sports and sports betting fit like a hand in a glove.
Many sports fans long consider it their favorite pastime. And to the inexperienced, sports wagering seems so simple. You pick who wins the game.
If you win, you make money. Yes, if it were only that easy.
The truth is, it’s not. You only have to look at how much revenue sportsbooks pull in every year to know how hard it is to make money.
Do you think bookmakers would bother operating on the wrong side of the law for so many years if sports gambling wasn’t profitable for them?
No, they wouldn’t. You need to know how complicated betting is before you can dip your toe into the gambling market. You don’t need to learn complicated strategy overnight, but you need foundational knowledge of the basics before you begin.
Important Terms.
Sports betting has its terminology you need to know. Though the list of sports betting jargon is long, to understand the rest, you need to learn these terms.
Favorite.
When bookmakers set their numbers, they decide who they think will win the game and by how much.
A favorite is who the bookmaker thinks will win the game, and receives a (-) on the board. A better receives less return for a winning bet on a favorite because they are more likely to win.
Underdog.
Players receive a greater return on winning underdog bets because these “dogs” are less likely to win.
Every bet has at least two sides (there are some with three, but we’ll talk about those later).
Each side is given a corresponding number decided by a bookmaker. These sides exist in all three basic bet types.
A line is all the numbers that correspond with a bet. This includes the full game or any specific time interval.
Types of Bets.
Three basic bets serve as the foundation for all sports betting. When you walk into a casino sportsbook or pull up the app for the first time, you will see a series of numbers that are confusing if you don’t know what they mean.
Here we will explain the three types of bets and what the corresponding numbers mean.
Moneyline.
A moneyline bet is a bet for a team or individual to win a contest. It’s the most simple bet to make.
This is easy to explain with a real-life example. Say you’re a college football fan and you want to make the championship game more interesting with a wager. You have a good feeling that Ohio State will beat Alabama, so you want to bet them to win.
What do those numbers mean for you? If you bet $100 on underdog Ohio State, you win $225. However, to win $100 on Alabama, you must wager $286.
As you can see, you can win more money betting on dogs. That doesn’t mean you should always play them.
Spread.
Sports bettors and bookmakers wouldn’t make much money if they only offered win/lose moneyline bets. If you’re a long-time sports fan you know that sometimes the talent discrepancy between two teams is immense.
Spread bets, also known as puck-line bets in hockey and run-line bets in baseball, are how you bet on these games. Every single contest has a corresponding spread.
With a spread bet, you bet on a team to win over a certain amount of points or lose by less than a certain amount of points. The bookmaker determines these numbers (in hockey and baseball these numbers are a standard 1.5, though they will move).
You have that feeling about Ohio State, but you’re not positive they’ll win. You do think it will be a close game.
What does this mean? If you think Ohio State will lose by less than 9 points or win the game, you’ll win your bet at -110. That means to win $100 on that bet you’ll bet $110.
If you bet Alabama at -9 -110, that means Alabama must win the game by more than 9 points for you to win.
Total.
To win an over bet, Ohio State and Alabama must combine to score more than 75.5 points. To win an under bet, these two teams must score less than 75.5.
The standard odds on these bets are -110, but they are subject to change.
Exotic Bets.
Now that you know what the three basic bets are, you can start building exotic bets that are based on them.
Parlay.
A parlay is two or more bets combined to increase your winnings. Sportsbooks and casinos have different rules on parlays and how you can play them.
The only catch? You must win all your bets in a parlay to win. If you go 8 for 9 on a parlay, you lose.
Teaser.
Sportsbooks allow you to adjust the spreads or point totals on parlay bets through teasers. For football, they offer 6, 6.5, and 7 point teasers. This means your Ohio State and Pittsburgh parlay will have more favorable numbers.
Because you’re given more favorable numbers, the book reduces your payout.
A 3-way bet is a moneyline bet with three sides. You can bet on Ohio State to win, Alabama to win, or a tie.
These bets are offered for the full regulation not counting any overtime, or for set intervals of the game like quarters or halves.
You’ll find that the moneyline numbers on a 3-way yield higher payouts. They’re harder to win. If you bet Ohio State on a 3-way line to win the first half and the teams tie, you lose.
Round-Robin.
If you do this, you have three separate two-team parlay combinations you wager on. You have Ohio State and Pittsburgh, Ohio State and San Francisco, and Pittsburgh and San Francisco.
If only one parlay hits, you lost $200 but won $265. That means the book pays out $65.
The Logic Behind the Lines.
To understand sports gambling, you have to understand how bookies and sportsbooks make money .
The primary way sportsbooks make money is through the “juice” or the “vig.” The juice is a commission the book keeps on each bet. When you place a $100 bet on the Ohio State spread, you get your $100 back plus $91 in winnings.
On the other side, people who bet $100 on Alabama lose their $100. This $9 difference, or vig, is kept by the book.
Because the book profits primarily on the juice, they set their lines to encourage even play on both sides.
That Ohio State vs. Alabama spread of 9 points doesn’t mean that a bookie believes Alabama will win by that much or more. They come to that number by determining what margin will entice an equal number of players to make bets on either side.
Understanding Line Movement.
What happened?
Betting lines are not static. When bookmakers release their initial lines, they begin to take bets. They set the original number to encourage play on both sides.
Experienced gamblers do not live in a vacuum. They have their ideas about what will happen in any given game. These preferences show with how much money comes in on either side.
If money comes in heavy on the Alabama side at -9, the bookmaker will move that number up to get play on Ohio State. These movements can come from consistent public play or a large single wager.
When you bet on sports, you have to change how you think about picking games. Winning sports betting is not as simple as beating the sportsbook number. You play the sportsbook and fellow gamblers.
How to Win.
Winning at sports gambling takes a lot of work and a lot of skill. The best sports bettors often top out at 55%. Given that even the best still lose 45% of the time, you have to expect you’ll lose a lot more when you start.
Sports gambling is about so much more than picking who wins. You have to keep your eyes on the numbers and you have to do a ton of research. Stat books and statistical probability are your best friends.
Once you learn how to interpret the numbers and statistics, you may see some success. Don’t bet on it.
Sports betting is, at best, a nice hobby and a great way to generate interest in a game. It’s best to start slow and have fun.
Sports Betting Will Be Here Forever.
If there is a game or a contest anywhere in the world, be sure someone bets on it. From professional football to Ukrainian table tennis, gamblers will find a way to lay action.
Become familiar with the terms and the rules of sports betting. The best way to lose money is to give it to a bookmaker or casino with uninformed wagers.
Are you a real sharp? Why stay on the wrong side of the ticket window? Start your own sportsbook and make real money with Ace Per Head . We offer the best pay per head software platform. Try a free demo today.
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The Online Sports Betting In M88 Bookie.
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In all the bookies operating in the online betting market Vietnam and around the world, M88 bookie is one of the leading brands with a huge number of members.
M88, also known as the Mansion88 bookmaker, which is headquartered in the Philippines and is licensed to trade online betting from the world's leading betting group Economic Zone Authority.
During the process of formation and development, M88 has been affirming its name and reputation in the Asian region.
With a variety of betting packages such as: M88 sports betting, poker and casinos. However, online sports betting at M88 is one of the areas that focus on investing with many attractive policies to attract players to participate.
When participating in sports betting at M88, players will be able to choose from one of three products: Online Sports Betting, Virtual Sports Betting and M-Sports Betting.
Let’s find out the essential information about these sports betting products with us!
Online Sports Betting.
Online sports betting is a form of traditional betting based on real sports tournaments and events around the world. At M88 you can find bets on many popular sports such as: football, tennis, badminton,volleyball, basketball, gift, boxing and many other sports.
For each sport, the M88 bookie will provide for players with a variety of extremely attractive bets to suit big tournaments.
Online sports betting M88 provides all popular bets today such as Handicap, Under/Over, 1 Г— 2, exact score, total goals, total penalty cards, even/odd,etc. In addition, for certain matches, this reliable bookie also creates extra bets to give more winning opportunities for the players.
Virtual Sports Betting.
Virtual Sports is a unique product specially designed by M88 based on the RNG (Random Number Generation) element. Players can easily choose from one of the exciting games in Virtual Sports including:
– Virtual Greyhound Races.
– Virtual Horse Races.
– Virtual Motorcycle Speedway.
One of the most interesting features of Virtual sports betting is that all the matches are provided by iTech Labs - the company that specializes in providing the world's leading Fantasy Sports platform. This is the prestigious partner of most of the largest bookmakers in the world. Therefore, you can bet with peace of mind because it always puts prestige and service quality on top. Depending on the product, there will be respective betting methods, all of which provide customers with unique experiences. As a result, Virtual Sports betting is always a good choice to play betting alongside classic sports betting.
M-Sports Betting.
M-Sports has the same interface as Online sports betting M88 but different in default language. M-Sports’s language is always Vietnamese, including notes, bets, buttons, etc., you don't need to change the language like online sports. Therefore, you can know how to bet on M-Sports M88 conveniently with the default Vietnamese language.
Another important difference, the bet history at M-Sports will be stored for a 10-day period, which is shorter than that of M88 Sports. In addition, M-sports can be considered as the Vietnamese version of Online sports betting, so you can completely choose this version if you are not familiar with using the English interface to place bets. This will make it easier for you to better understand the features or types of bets to be able to make the most accurate decisions.
Why Should Place A Bet At M88 Bookie?
The M88 bookie is definitely an attractive sports betting playground for all players over Asia because of its outstanding advantages as follows:
Absolutely safe security system.
Most players focus only on the promotions that the bookmaker offers. However, the most important thing to note before choosing a reputable dealer is its security system. There are many dangerous factors in the internet market today such as data theft. Therefore, M88 has applied the best security technology - SSL-128Bit. This is a technology that helps keep customers' personal information secure in any situation. This also makes the player's experience easier and more comfortable.
Events and tournaments are quickly updated.
Any major event or tournament around the world is updated at a fast speed by M88 bookie. Even if you do not see your favorite match on the website, please contact the customer service department for M88 to update immediately.
Great promotions and odds.
For all newly registered members, M88 offers a 125% deposit bonus up to 7,088,000 VND, the highest in the online betting market today. During the experience at this bookie, you also have the opportunity to receive bonus promotions like return or recharge with many high value rewards when playing any online sports betting products.
Behind the success of M88 is a team of professionals with a long experience in the betting industry. Therefore, all odds information and live betting odds at M88 is considered outstanding and has a higher chance of winning than any other bookie.
Customer service 24/7.
Conclusion.
Above is some useful information about online sports betting at M88 that you should know. Learn carefully and choose the most suitable online sports betting product to get the best win. With many attractive policies to guide players, M88 bookie always gives players the best service. And the best part about participating in online sports betting with the M88 bookmarker with its free deposit and withdrawal policy, you will always receive your full winnings. Good Luck!
How to Pay Taxes On Your Sports Betting Winnings.
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Winning at sports betting is fun, exciting and financially rewarding. Paying taxes on those winnings is none of those things, but it’s necessary.
Sports betting winnings are considered taxable income and must be reported each year. According to the Internal Revenue Service, it is your responsibility to keep track of sports betting wins and losses and to enter the appropriate amounts on your annual tax returns.
This guide addresses several sports betting tax questions. If you’re not clear about a specific tax issue, it’s always wise to consult an accountant, tax professional or financial advisor who can answer questions and help avoid potential errors and penalties.
Is Sports Betting Taxable Income?
Yes, all gambling income is taxable, not just sports betting. That includes winnings from poker, casino games, pari-mutuel wagering, keno and lottery.
Depending on the form of gambling, payoffs that reach a certain threshold automatically trigger IRS notification. In sports wagering, you will receive a W-2G form if your winnings are $600 or more and the payout is at least 300 times the amount of the wager. The IRS also receives a copy of that W-2G.
It makes no difference if your sports winnings were earned at an online or physical sportsbook or on a parlay wager or longshot futures bet. Even if the winnings were simply added to your online account and never withdrawn, it’s considered taxable income.
If you won prizes instead of cash in a sports betting tournament, the IRS requires you to report the fair market value of those prizes.
CHECK OUT: Looking For The Best Mobile Sports Betting App In Your State? Read Our Complete Guide To Sports Betting Apps.
How Much Will I Have to Pay in Taxes?
A bettor should be prepared to pay about 24% federal tax on gambling winnings. They may also have to pay state income tax on their winnings, depending on the state where they reside.
In some cases, federal tax may be automatically deducted from your winnings if the payoff meets a certain threshold. For example, sportsbooks are generally required to withhold 24% of net winnings when a wager pays out more than $5,000 of net winnings with odds of 300-1 or greater. Note that the 24% is an estimate and you may owe more or less than that amount depending on your federal income tax bracket.
Even if you don’t cash a big sports bet ticket or receive a W-2G form, it is still your responsibility to report sports wagering (or any gambling) winnings on your tax returns, according to the IRS.
Filling Out Your 1040 Tax Form for Winnings.
There is no specific line on Form 1040 for gambling winnings. Your total sports betting winnings are reported as “other income’’ on Schedule 1, Line 8, which you attach to Form 1040.
You will save money by paying taxes on your net winnings, rather than overall winnings, if you itemize deductions on your tax return. For more on the possibility of itemizing (which allows you to deduct some or all gambling losses), see the Writing Off Losses section below.
If you need help reading your W-2G form, the amount of your reportable gambling winnings is listed in Box 1. The date won and type of wager are in Box 2 and 3. If federal tax was automatically withheld from your winning wager(s), the amount withheld is listed in Box 4.
The Importance of Record Keeping.
The significance of keeping accurate records of each gambling win and loss cannot be overstated. The IRS suggests bettors keep a diary of sports betting wagers and may require you to substantiate wins and losses, especially if you are able to deduct losses on your tax return.
Your documentation should include all W-2G forms received in a given year; wagering tickets with dates, location, amount won or lost; who (if anybody) was with you at the time; canceled checks; and receipts from sports betting operators.
If you bet online, sportsbooks provide a record of all of your wagers that can be easily accessed electronically. Keeping accurate records when betting at in-person sportsbooks is more difficult, but necessary.
CHECK OUT: Want To See Your Potential Winnings From A Wager You Are Considering? Use Our Betting Odds Calculator To See The Payout.
Writing Off Losses.
The IRS requires bettors to report sports gambling winnings. Does that mean bettors can also deduct sports gambling losses?
The answer is yes, but only if you itemize deductions on your federal tax return.
In 2018, the Tax Cuts and Jobs Act nearly doubled the amount of the standard deduction. As a result, between 85 and 90% of taxpayers reportedly chose to take the standard deduction on their 2019 tax returns. That made them ineligible to itemize and deduct gambling losses.
For taxpayers who itemize, deductions for sports betting losses cannot exceed winnings in any calendar year. So if you had $5,000 in sports betting winnings and $8,000 in losses, your deduction is limited to $5,000. The remaining $3,000 cannot be carried forward. The losses are reported on your Schedule A form, separate from your gambling winnings. Do not report your net profits on the “other income’’ line of Schedule 1. That is for total gambling winnings.
Will I Still Need to Pay State Taxes?
Depends on the state where you live. Residents of Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming do not pay taxes on any gambling winnings because none has a state income tax. Residents of New Hampshire and Tennessee are not taxed on gambling winnings because those two states only tax investment income and interest.
In all other states, bettors must report sports betting winnings on their state income tax form. The tax rate varies by state. Some states have a flat rate individual income tax, others adjust rates depending on income level. For example, Colorado assesses a flat tax of 4.63%.
California’s rate ranges from 1% for the lowest income level to 13.3% for incomes above $1 million.
Is Filing as a Professional Gambler Different?
Yes. But first let’s define what a professional gambler is.
According to a 1987 U.S. Supreme Court ruling, “if one’s gambling activity is pursued full time … to the production of income for a livelihood, and is not a mere hobby, it is a trade or business.’’ In short, the professional must gamble with the intent to make a profit.
Professional gamblers are treated as self-employed individuals. Rather than listing gambling winnings as вЂвЂ™other income,’’ they report winnings and losses on Schedule C, which also allows them to deduct several of their business expenses, such as Internet costs for online wagering, travel expenses and legal fees.
But the same rule that applies to everyone else over losses also applies to professional gamblers. Deductions from gambling losses cannot exceed winnings in any given year and cannot be carried over.
How Will the IRS Know if I Don’t Pay Taxes?
If your sportsbook operator sent you a Form W-2G, it also sent a copy to the IRS. So the IRS is automatically aware of those gambling winnings. If you did not receive a W-2G form, the IRS says taxpayers are still required to report all gambling income.
If the IRS is aware of gambling winnings that were not reported, the agency could simply tell you to report them. Or it may impose penalties and interest, adding to your tax bill.
Hire a Tax Professional to Avoid Problems.
If you’re not certain about any aspect of how to report gambling winnings (and losses), it’s always best to consult a tax professional to avoid potential mistakes. For a bettor who is declaring gambling winnings for the first time, tax preparation can be intimidating. Hiring a tax professional can help avoid confusion over IRS gambling rules, save time, and perhaps money.
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Posted by: FabioIneks - 02-08-2021, 02:01 PM - Forum: My Forum
- No Replies
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п»їNorth Dakotans may vote on legalizing sports betting in 2022.
BISMARCK — The people of North Dakota may get to decide whether they want to legalize sports betting in the state in the 2022 general election.
On Wednesday, Jan. 27, the North Dakota House Judiciary Committee heard testimony regarding House Bill 1234, which would legalize sports betting in North Dakota. Rep. Jim Kasper, R-Fargo, a sponsor of the bill, opened his testimony in support by stating that the bill as it is written will not work and that it will be heavily amended. The new draft, which will include “the nuts and bolts” for how sports betting would work in the state if it is approved, will be presented to the committee next week, he said.
In addition to the bill, Kasper is drafting a constitutional amendment that would allow North Dakotans to vote on whether they want to legalize sports betting in the state.
“The people of North Dakota are already sports betting,” Kasper said during the session. “They find ways to do it. I’m saying we legalize it in our state, and we tax it so that we have the benefit of what’s already happening for the citizens of our state and our state coffers.”
In 2018, the U.S. Supreme Court voted to lift a federal ban on sports gambling. Twenty states now allow some form of sports betting, while several more, including South Dakota, have voted to allow sports betting but have not yet implemented it.
A 2019 bill to legalize sports betting in North Dakota passed the House but failed in the state Senate.
“The goal of the bill is not to encourage gambling,” Kasper said. “The goal of the bill is to say we’re going to get in with the rest of the states.
“(Sports betting) is now open to all 50 states," he said. "What I’ve found in my research is about half of the states have already implemented sports betting and it is increasing dramatically.”
Rep. Bernie Satrom, R-Jamestown, asked Kasper if he had an estimate for the social cost of allowing sports betting. Kasper responded by saying it is his belief that, because sports betting is a game of thought and skill, it would be less attractive to compulsive gamblers or gambling addicts than other types of gaming.
“I would suspect that people who do sports betting are not, in many cases, the compulsive type of people compared with e-tabs or slot machines,” Kasper said. “That has a magic about drawing people in who have a problem. When you’re sports betting, it’s more of a logical thing.
“It’s a process you have to think about before you do something," he said. "It’s not where you walk into a casino or walk in a bar and stick your money in a machine and there you go.”
Because the bill is being rewritten, Kasper did not discuss the details of the bill with the judiciary committee. But they did allow testimony in support of and in opposition to sports betting.
Kasper gave the only testimony in support of the bill while several people gave testimony in opposition. Those opposed included North Dakota State University President Dean Bresciani, North Dakota University System Chancellor Mark Hagerott, and representatives from the Family Policy Alliance of North Dakota, the North Dakota Catholic Conference, the United Tribes Gaming Association and Spirit Lake Tribe Gaming Commission.
Kasper stated that the upcoming bill would likely include betting on college sports in addition to professional sports. Both Bresciani and Hagerott spoke against allowing gambling on college sports and urged that the bill allow betting only on professional sports.
“I believe deeply in the collegiate model of amateur athletics and that because of that purposeful focus, it complements a collegiate environment,” Bresciani said during the session. “That said, it goes without saying that the collegiate model is constantly under pressure from groups with self-serving interest in professionalizing college sports. That has never been the case more so than it is today. I’m concerned that legalized betting on college athletics would very much put the collegiate model further at risk.”
UTGA Executive Director Cynthia Monteau testified in opposition to HB1234, urging that gaming remain exclusive to Tribal casinos. She said Tribal casinos generate more than $300 million for the state economy and provide more than 3,000 full-time equivalent jobs.
While the UTGA is opposed to legalizing sports betting, no tribal casinos in the state currently offer sports betting.
“Gaming is, in most cases, our sole source of revenue for jobs and economic development,” Monteau said during the hearing. “HB1234 is an expansion of gaming outside of Tribal casinos, and we are adamantly opposed.”
Sports betting sports betting forum.
Sports gambling can be a lot of fun because it makes you invested in every game you watch. Bucs vs Jaguars, who gives a shit? Put a chunk on one of the teams and you instantly give a shite. Plus, you can make some money. But you have to have a very disciplined approach and realize that you are going to lose ALOT games that you thought were sure winners. Online gambling makes it a lot easier to really tabulate your wins and losses monetarily because you put an amount in the account then see where you stand a week or month later. It’s fun, but your very unlikely to get rich off it. Definitely a great hobby though, if you can keep your emotions from ruining it and NEVER start chasing money. Have a plan, a unit amount, and stick to it.
The Full list of sports betting forums to follow in 2021.
The full list of 35 betting forums and sub forums that are active and actual in 2021.
This list are sorted by quantity of posts from max to min. All of the links are checked and works on the moment of publishing the article.
This page including:
Football betting forums UK betting forums Betfair trading forums Tennis (ATP, WTA) forums Forums about how to bet NBA, NHL, MLB forums.
I hope this list will help you to improve your betting skills and find new friends and interesting communities.
Covers forums.
It’s one of the most popular sports betting forum for today.
Available categories: NFL Betting forum, NBA Betting forum, MLB Betting forum, NHL Betting, Soccer, FIFA World Cup, Tennis and other sports.
Twoplustwo forums.
Also there is Sports and Games with soccer (european football) betting.
Sportsbookreview forum.
One of the biggest Sportsbooks and betting forums in Internet. More than 2000 visitors online, 50000 post per day. Most popular forums on Sportsbookreview: Sports Betting & Sportsbooks discussion, Game On! Contests, Poker, and Betpoints, Sports Betting & Handicapping Forums.
Overal stats.
Therxforum.
Popular forum with sports betting discussion and handicap betting.
Most popular sub-forums: Baseball Forum, NFL Football Forum, NBA Basketball Forum, Hockey Forum, Soccer Forum.
There is no problems with activity and actual information.
Official forum stats.
Threads : 983,348.
Posts : 11,986,696.
Members : 100,437.
Asianbookie forum.
Very popular asian betting and handicapping forum.
Most popular sub-forums on Asianbookie: English Football Forum, Spanish Football Forum, Italian Football Forum, German Football Forum, French Football Forum, UEFA Club Football Forum.
More than 2000 posts per day.
Cappersmall forum.
It’s a good spot for people which like sports and NFL, MLB, soccer betting.
Most popular sub-forums: NFL Football, College Football, MLB Baseball, Newsletters & Info.
Official forum stats.
and more than 1000 users online.
Everyedge forums.
There aren’t a lot of sports, but this forum is very friendly for newbies in betting. It’s a good place to start learn something new in betting.
Most popular forums: EveryEdge Sports Betting Forum (Threads: 161.2K, Messages: 836.7K), NHL Handicapping Forum (Threads: 45K, Messages: 229.4K).
Forum statistics Threads210,629 Messages1,098,352 Members3,557.
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п»їSports Betting.
On Super Sunday, one of the most enticing showdowns in Super Bowl history will transpire in between the confines of Raymond James Stadium between the defending champs in the Kansas City Chiefs and the Read more.
Super Bowl LV Team Prop Bet Picks.
Get down on Schwab's top Super Bowl prop bets from the "team" category. Get the top picks to cash in on >>> Check it out!
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Sports Database.
Sports Database: Research past team game results using variables such as versus opponent, home or away, grass or artificial turf, month, as a favorite or dog, point spread odds, by division and more! Start improving your bottom line today! CHECK IT OUT.
Sports Betting Advice.
Offshore Sportsbooks versus Corner Bookie We take a look at the advantages of placing your wagers at internet sports books versus laying your action with a corner bookie.
High Betting Limits? Pinnacle Sportsbook's withdrawal from the US market left many big bettors looking for a reputable sportsbook to place their action.
Betting Math - ROI Return on your money invested is one concept that many gamblers do not consider when they wager on sports.
Sports Betting Primer To profit in sports wagering you need to follow strict money management rules. Beginners and novice bettors should not vary their wager size.
How to Successfully Bet Parlays Betting on parlays can lead to big payouts, but it doesn’t come without risk. Learn how to you can increase your chances of cashing.
How to Wager.
If you are new to wagering online or sports gambling in general then you could probably benefit from reading our articles below. Learn why not all sportsbooks are the same and why you should choose a bookmaker that suits your style of wagering.
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The handicapping and sports wagering information contained on this website is for entertainment purposes only. Please verify the gambling laws and regulations in your jurisdiction as they vary from state to state and country to country. Use of this information in contravention of any law is prohibited. In particular, citizens of Illinois, Indiana, Louisiana, Washington State, Oregon, Nevada, Montana and South Dakota should learn the various laws on online gaming, as laws in each state may relate to participants, advertisers or those involved in the business of gaming.
TheSportsGeek – Sports Betting Tips and Picks.
Your Ultimate Resource for Online Sports Betting and Sportsbook Advice in 2021.
The Sports Geek is a globally recognized brand delivering high-quality resources to beginner, advanced, and professional sports bettors and fans around the world. Whether you’re looking for data trends and analysis on the future of the industry, the best sports betting sites in the US, or you’re looking for an expert betting pick for an upcoming NFL game—the hand-picked team of experts at TheSportsGeek has you covered.
From sports gambling site reviews to picks, to blogs, to strategy tips, to breaking news—you’ll find everything you need to supplement and augment your real money sports betting journey.
Some of our most popular sports betting resources include:
Free Sports Betting Picks From Our Experts.
Get real-time, unfettered access to our team of expert sports betting analysts. The team consists of dozens of professional sports bettors with one goal in mind—share winning sports betting picks with you. Whether you’re looking for a pick on tonight’s game or you’re looking to see if the experts agree with you—this is an invaluable resource.
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Posted by: FabioIneks - 02-08-2021, 01:57 PM - Forum: My Forum
- No Replies
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п»їAll There is To Know About Las Vegas Sports Betting.
With all the buzz about sporting events in Las Vegas, some people prefer to put their money with their loyalty lies. Bet on the home teams of The Strip, our Vegas Golden Knights, Las Vegas Aces, or Las Vegas Raiders or be on your favorite team back home. Looking for some tips on navigating the sportsbooks on The Strip? Check out our favorite ways to bet on sports - Las Vegas style.
Bellagio Resort & Casino.
Here you will find the most luxurious, 5,600 square-foot venue for all your racing and sporting needs, located right in the heart of your favorite sportsРІР‚в„ў action. At Bellagio, sports betting is more than just a hobby, itРІР‚в„ўs a lifestyle and an extravagant one at that! This amazing venue is located in a quaint corner on the casino floor at the most upscale Hotel and Casino in Las Vegas. Once you make it to this tucked away corner of the casino, you can kick back in a plush leather chair while a waitress approaches to take your much-needed drink order. You can make yourself comfortable at this Race & Sportsbook knowing you will never miss a play because you are surrounded by racing monitors, large screens for both racing and sporting events, and multiple individual screens throughout the area. Whether you are a beginner or an expert, you can take advantage of the betting menu which features basic bet fundamentals as well as seasonal features. The Bellagio offers some of the highest betting limits in Las Vegas as well, so when you come here for sports you better be ready to play!
The Mirage Hotel & Casino.
Located in the center of the Strip, The Mirage knows what theyРІР‚в„ўre doing when it comes to betting; particularly when it involves racing and sports! Here they offer a venue with wall-to-wall 85РІР‚в„ў Sony 4K Ultra HD screens along with individual screens to make sure you never miss out on any of the action. As well as wall-to-wall gaming, The Mirage also offers 5 different interactive tables for personalized viewing and betting. Here, horse racing is taken very serious with individual terminals to make sure your eye never leaves your horse of choice! Bring your whole party to the venue with couch seating and VIP packages available to everyone. Sports betting here is just what you would expect plus more such as one-of-a-kind wagers. Betting in Vegas is a very serious business, especially when it comes to sports and racing. So, make sure you arrive to the venue early to get primetime seating and enjoy the ultimate sports betting experience that Las Vegas has to offer!
Mandalay Bay.
WhatРІР‚в„ўs your guilty pleasure when it comes to sports betting? Football, Greyhound Dog Racing, Golf, UFC? Well, if any of these options spark something inside you, then Mandalay Bay Resort and Casino (3rd largest casino in all of Las Vegas) is the place to go! Here you will have all options available when it comes to race and sports betting, along with seating for 300 people, 17 big screen televisions, a project screen, and of course individual monitors for an intimate betting atmosphere. Also available is VIP seating in an enclosed luxury box with premium treatment for those larger parties. If boxing is your guilty pleasure when it comes to betting and viewing, then this is definitely where you want to be. With Mandalay Bay hosting some of the biggest and best boxing matches Vegas as ever seen in the previous years, you are sure to get the betting experience of a lifetime! No matter how often you bet, this is the place to go to get your blood pumping and to cheer on your favorite player, horse, car, fighter; the list goes on and on!
MGM Grand.
Prepare for some serious sports betting when you come for Race and Sports at MGM Grand. YouРІР‚в„ўll know that you have arrived at the correct casino when you are greeted by the lion mascot, Leo. Once you enter the hotel you will walk straight into slot machines and table games that will get your heart pumping and eager to gamble. Make your way through the casino and to the sportsbook. Here you will find a custom design, circular shape room filled with 60 televisions and electronic display boards for all your racing and sporting needs. The MGM Grand Race and Sportsbook is the perfect location to head to when you have a larger group. Here they offer four exclusive skyboxes located on the second floor of the gaming section, all ranging from 300-325 square feet. Talk about a VIP experience for the ultimate sports experience! When getting involved in betting at this venue, you will be able to check out all wagering options for racing as well as major sporting events. Enjoy all the action while sipping on complimentary beverages in the perfect atmosphere.
ARIA Resort & Casino.
Last, but not least, is ARIA’s sportsbook, which is located in the more “modern” area of the Las Vegas Strip at ARIA Campus. The Race and Sports Book found here is almost larger than the bets that are being placed every day. Surrounding you in this venue are more than 90 screens playing all of your favorite games at once, which can show up to 200 live events! Here you will be able to enjoy the action while resting comfortably in armchairs or couches in a more picturesque environment, conveniently on the main floor of ARIA. Individual betting is also encouraged at the self-betting kiosks, while viewing your favorite event. If you can’t get enough of your favorite past-time event, then head out to ARIA for sports, drinks, and good food. Las Vegas is here to cater to all your needs at once!
William Hill Sportsbooks Continue Domination In Nevada Casinos.
William Hill recently received a slew of recommendations from the Nevada Gaming Control Board to operate sportsbooks throughout the state of Nevada. On Jan. 9, the international sportsbook operator received a recommendation for approval to operate sportsbooks at the following casinos:
Aquarius (Laughlin) Arizona Charlie’s Decatur (Las Vegas) Arizona Charlie’s Boulder (Las Vegas) Eldorado (Reno) Jerry’s Nugget (Las Vegas) Montbleau (Reno) Stratosphere (Las Vegas)
William Hill operates more than 100 sportsbooks throughout Nevada. Most of the new sportsbooks on their roster have been expected. Last year they signed a deal to operate Golden Entertainment sportsbooks.
Aquarius , Arizona Charlie’s (both), and the Stratosphere are all owned by Golden Entertainment. In addition to casino sportsbooks, William Hill already has sports wagering kiosks inside approximately 80 Golden Entertainment pubs and taverns around the state including all PT’s Pub locations.
William Hill also signed a deal to operate Eldorado Resorts sportsbooks across the US. Montbleau and Eldorado in Reno are both owned by Eldorado Resorts casinos. William Hill already operates sportsbooks at their Circus Circus , Silverado , and Tropicana Laughlin casinos.
The surprise casino in the slew of approvals is Jerry’s Nugget .
William Hill is taking over independent sportsbooks.
There will be one fewer independent sportsbook operator in Las Vegas when William Hill takes over sportsbook operations at Jerry’s Nugget. In fact, the deal with Golden Entertainment cuts the number of independently operated sportsbooks on the Vegas Strip by a third .
The Stratosphere was one of three independent sportsbook operators on the Vegas Strip. When William Hill takes over the Stratosphere, Wynn (and Encore) and Treasure Island will be the only independent sportsbook operators remaining on the Vegas Strip.
It’s becoming more difficult for sports bettors to find different odds and wagering opportunities. The majority of sportsbooks on the Vegas Strip are operated by two companies. MGM Resorts and Caesars Entertainment operate sportsbooks in 17 of 26 casinos.
For the time being, William Hill operates 7 of 11 casinos in downtown Las Vegas. That number will decrease when the Stevens Group begins operations later this year.
Around Las Vegas, Boyd Gaming operates sportsbooks in 10 casinos, while Station Casinos operates 18 properties in Las Vegas including Fiesta and Wildfire.
Remaining independent sportsbooks in Las Vegas.
Even though consolidation is creating large sportsbook operations, there are still a handful of independent sportsbook operators in Las Vegas. Sports bettors in Las Vegas can still find unique wagering opportunities at the following casinos.
Golden Nugget South Point and Rampart (odds originate at South Point) Treasure Island Westgate Wynn.
William Hill is expanding across America, not just Nevada.
The European bookmaker expanded to the US when they acquired Lucky’s, Leroy’s, and Cal-Neva. They now operate more than 100 sportsbooks of all sizes and a mobile wagering app in Nevada. However, Nevada was just the beginning of expansion for William Hill.
More recently they’ve been signing deals with casino operators and racetracks to operate sportsbooks in other states as sports wagering is legalized in other states. William Hill currently operates sportsbooks in the following states outside of Nevada:
Deleware Mississippi New Jersey Pennsylvania Rhode Island West Virginia.
William Hill is the only sportsbook operator to operate in every state that offers legal sports betting. The partnerships with Eldorado and Golden Entertainment are just the beginning of William Hill’s expansion across the US.
Current Sports Betting.
Located on the furthest north end of the strip, the Stratosphere is the cutoff point leading to downtown. Open since 1996, it will remain one of the first great sights people notice when flying into Las Vegas. With its high observation tower and thrilling rides that sit atop it, it makes for a great tourist destination. It’s kind of funny how awesome it looks because when you actually get right up to it you see what a shady area it’s in, and its sportsbook is only a moderate upgrade from that.
Stratosphere Sportsbook.
The sportsbook side has about 40 leather chairs, some leather couches, and a few high tables and chairs in the back. The seating is comfortable and it’s a non-smoking area , but it is all downhill from there. The Stratosphere is a low-end smoky casino and that carries right into the sportsbook.
There are TVs spread all around. Most of them are small but a couple are big screens with poor picture and sound quality. It felt too much like I was watching the games on mute. The 12 racebook TVs are perpendicular to the sportsbook with seating of 3Г—6 of desk rows, each with their own TV.
In the corner of the two books is the cashier where you will find pamphlets featuring all of that day’s action along with lines on upcoming events, futures, and whatever props that may be going. The day to day lines themselves is not extra beneficial or detrimental than any other book. The one discrepancy you might find is on futures. As strip bettors are primarily tourists that like taking any action home with them, they are more than glad to accept a weak payout. If you are set on not getting ripped off on futures, you will have to venture out into the local sportsbooks but there’s no guarantee their lines will be much better.
Size and Location.
It doesn’t hold a ton of people, but its seating is spaciously spread out and convenient to access. When you come down the escalator from inside one of the last free parking garages on the strip, the sportsbook is right there allowing it to serve as a quick place to drop in, bet, and leave. There is a bathroom nearby, and while it is not adjacent to slots or table games, it’s still noisy enough to make its already poor sound quality even more noticeable.
Traffic and Viewing Ability.
Most people who come here will be either be locals or hotel guests, so traffic shouldn’t be too bad. It could get close to capacity during popular events like NFL Sunday or March Madness college basketball, but otherwise, this will be a relaxing environment to watch a game in. Given the poor sound, perhaps a little too relaxing.
The betting board is a significant problem. It is behind the cashier and out of the main TV section’s way. That part is fine, but the lettering is really small and there is a huge pole blocking your view from a lot of seats. This provides great incentive to keep a pamphlet with you, but since lines are liable to change after the pamphlets are printed, you’ll want to verify what they currently are when you bet.
Since the racebook TVs are small, you can’t see them too well by turning your head from the sportsbook. Plus, there is another huge pole blocking some vision there too.
The Stratosphere is behind on the times as well. Just about every strip sportsbook lets you easily open an account right inside so that you may download their sports betting app allowing you access to every line. They do not, and there was no mention of that having one anytime soon. In addition, live betting, which is betting on games already in progress is unavailable, and I’m not holding my breath about that being added either.
Drinks at Stratosphere Sportsbook.
Getting free drinks inside the sportsbook used to be easy, but not anymore. Now you need to bet a substantial amount just to get one drink ticket – $100 on sports and $25 for horses. It would be nice to see the lower level sportsbooks be a little more flexible about drinks, but they aren’t. And $25 for horses is among the most expensive on the strip. Still, these are only rules, not laws. If you can get friendly with a cashier or cocktail server, perhaps you can talk your way into some extra tickets.
Casino at Stratosphere.
Like any casino, there are endless slots. Regarding table games, $5 minimum bets are easy to find. And while their selection of games is not especially wide, they do offer single deck and double blackjack along with 10x odds on Craps, Crapless Craps, and Bonus Craps.
Dining and Bars.
Adjacent to the sportsbook and facing it is a small video poker bar . If you want to get some cheap drinks while you watch without having to bet, this provides a solid alternative. Just slip a $20 in and play it slow. Around the rest of the casino, you will find numerous other bars and lounges.
The restaurants here might be better than one would guess, with the nicer ones being reasonably priced and all bunched together. The highlight restaurant is Top of the World, located high above inside the observation tower. Now this one is overpriced, but it’s a steakhouse and constantly rotates, providing you with a great view of all of Las Vegas . As far as getting some eats nearby the sportsbook, there is nothing but a Starbucks.
Hotel at Stratosphere.
If you are looking for cheap, this might be the one. Since this hotel is surrounded by so many seedy motels where Vegas’ most down and out go to do…things, they have to practically give the rooms away and they are not half bad. The standard rooms are what they are, but the bathrooms have been renovated and there are plenty of rooms with great views.
Stratosphere Sportsbook Rewards.
Comps and player points are difficult to attain in sportsbooks. Here you get $1 back for every $300 you bet on sports, and $1 for every $25 bet on horses. This is actually relatively generous compared to other sportsbooks.
Regardless if you are interested in comps, it is still recommended to swipe your card whenever you bet because that proves a record of your bet. Meaning if you manage to place a winning bet and then lose the ticket, you will still be paid since the action was recorded on your card.
Wrap-Up.
You can do worse than the Stratosphere, but you can certainly do a whole lot better. We didn’t expect much when we walked in, and my expectations were met. Considering the sportsbook has been remodeled it’s embarrassing how hard it is to read the betting board and how poor the sound quality is. Despite the faint smell of secondhand smoke, it’s relaxing and comfortable to sit in, but this is a sportsbook. Not a meditation room.
Current 2020 Sports Betting Grade: C-
Line Originator - Nevada Sportsbooks.
Looking for lines from your favorite sportsbook but can't find them on VegasInsider? Maybe the line is on VI!
Many sportsbooks do not have their own in-house bookmaker, and therefore, do not produce their own line, as that can be costly and risky. Instead, those sportsbooks partner with a line originator who creates, publishes and maintains a line for them. In the state of Nevada, the primary line originators are Boyd Gaming, Caesars Entertainment, CG Technology, Lucky's, MGM Resorts, South Point Casino, Stations, William Hill and Wynn.
There are a few sportsbooks that produce their own independent line, such as Treasure Island, Peppermill, and Westgate Superbook. All other Nevada sportsbooks use a line from one of the Nevada line originators.
Check the sortable list below to find your favorite sportsbook and see where it's lines are originated from. The odds are, you'll find it listed. And we would like to say Thank You to our regular site visitors who help to keep this list up-to-date!
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Posted by: FabioIneks - 02-08-2021, 01:51 PM - Forum: My Forum
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п»їMain Types Of Sports Betting Odds Explained.
Image source: Nick Youngson CC BY-SA 3.0 Alpha Stock Images.
Understanding all types of odds at betting sites is crucial if you want to earn some profit at sportsbooks. Depending on a betting site, you can meet three types of odds – American, Decimal, and Fractional. To learn about the peculiarities of each type, here you have all sports betting odds explained.
Sports betting is extremely popular across the globe. As it has invaded all the countries, numerous international and local-oriented sportsbook sites emerged. Depending on the sportsbook and their own location, punters can meet three types of odds: American, Fractional, Decimal . Understanding the difference between them is important as you have to know whether you are wagering on a likely-to-happen event or not. Thanks to online betting guides for beginners , now you have everything about sports betting odds explained.
You can set up all types of sports betting odds at Vbet.
All sports betting odds explained.
So, there are three popular types of betting odds – American, Fractional, and Decimal. Predictably, American odds are mostly used at US-based online sportsbooks. Fractional odds are frequently met at British and Irish betting sites. Decimal odds are popular in European countries, Canada, Australia, and New Zealand.
Regardless of the area covered by your favorite sportsbook, it is important to know the difference between all types of odds. The ability to read odds is helpful when you want to wager on events that are covered by international sportsbooks. So, here you have all sports betting odds explained one by one.
American odds.
American odds represent perfectly the possibilities in American sports.
If you have -175 odds on Detroit Lions to win, the situation is the opposite. To win $100? You need to wager $175. If the team wins, you will get back $175 and earn an extra $100 – $275 in total.
Fractional odds.
Now you have Fractional sports betting odds explained. You can recognize this type of odds thanks to a slash sign (/) or a hyphen sign (-). According to the online betting industry news , Fractional odds are the most popular across the globe.
So, if you see 5/1 or 5-1 at a sportsbook site, be sure that you have found Fractional odds. How to read them? In betting, 5/1 or 5-1 means that you win $5 on each $1. The bigger the number on the right, the more winning chances a team has.
For example, let’s suppose that Man City has 10/1 odds to win their next match. As they are underdogs, you will get $100 for each $10 you bet on the club. Additionally, you will get back your $10 stake making your total winning sum $110.
Now, let’s suppose that Man City is predicted to win their next match with 10/11 odds. It makes them favorites, so you will receive only $10 for each $11 you bet (plus your stake is back).
Horse races traditionally use fractional odds.
Decimal odds.
Finally, Decimal sports betting odds. After learning them, you can go and check the best online sportsbook deals this month, but first, let’s see how to read the Europeans’ favorite type of odds.
Decimal odds are probably the easiest to understand. After looking at them, you will immediately reveal underdogs and favorites. Usually, Decimal odds are written with a dot (.) – 1.25, 5.00, 10.70, etc. The bigger is the number, the fewer winning chances there are.
How to count your possible profit? Simply multiply your stake by the odds. For example, you have 1.50 odds on Taylor Swift to win Grammys for the Best Album this year. Low-numbered odds make her favorite, so you will get $150 ($100 x 1.5) for each $100 stake with $50 as a net profit.
At the same time, you can bet on Ms. Swift aka underdog to win the award for Best Collaboration. With her 7.00 odds, you will get a $700 profit if your $100 stake is successful. Any questions?
How Do Odds Work in Betting?
If you are planning to start betting, be it casino gambling, sports betting, or any other type, it's important to understand the odds. It would be preposterous and absurd to think about placing bets without having a good grip on the main types of betting odds and the ability to read and interpret the various associated formats.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing and hold no difference in terms of payouts. This means that a chance (percentage probability) of an event occurring can be converted and presented in any of the aforementioned types of odds.
How Fractional Odds Work.
Fractional odds (aka British odds, UK odds, or traditional odds) are popular among British and Irish bookies. These are typically written with a “slash (/)” or a “hyphen (-),” e.g. 6/1 or 6-1 and announced as “six-to-one.” Fractional odds are used by some of the world’s largest bookmakers, making them the most preferred odds across the globe.
Therefore, the total (potential) return on a stake can be stated as:
For instance, one of the major sports betting websites listed the following fractional odds for futures betting on the team to win the 2017-18 NBA Championship. Below is a selection of the three teams that had the lowest odds of winning.
Golden State Warriors: 10/11 Houston Rockets: 9/4 Cleveland Cavaliers: 7/1.
It can quickly be determined that the Golden State Warriors are the favorites while the odds on Houston and Cleveland winning are longer. That is, one wins only $10 against every $11 wagered on Golden State to be the champions. Meanwhile, one wins $9 against each $4 (i.e. 3.25 times) put at stake for Houston to win, which is a bit less probable. For Cleveland, one wins $7 against each $1 bet.
In the above example, if you bet $100 on Golden State to win, you could make a $90.91 profit [$100 x (10/11)], and could get back your initial stake of $100, resulting in a total payout of $190.91. However, if you wager $100 on Houston to win, you could receive a profit of $225 [$100 x (9/4)], in addition to the $100 initial stake leading to a total payout of $325. The potential profit for a Cleveland win would be even higher, as you could make a profit of $700 [$100 x (7/1)]. With the initial stake of $100 being returned, it would make for a total payout of $800.
How Decimal Odds Work.
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with. The favorites and underdogs can be spotted instantaneously by looking at the numbers.
The decimal odds number represents the amount one wins for every $1 wagered. For decimal odds, the number represents the total payout, rather than the profit. In other words, your stake is already included in the decimal number (no need to add back your stake), which makes its total payout calculation easier.
The total (potential) return on a stake can be calculated as:
For instance, one of the renowned betting websites priced the candidates to win the 2020 U.S. Presidential Election. Here, we list the decimal odds for the candidates and the biggest long shot among the candidates listed by the bookmaker.
Donald Trump: 4.00 Joe Biden: 1.3.
These numbers merely represent the amount one could win against each $1 put at stake. Therefore, if one bets $100 on Donald Trump to be re-elected as president, this person could make a total payout of $400 ($100 x 4.00). This amount includes the initial stake of $100, giving a net profit of $300.
Similarly, a bettor could make a total payout of $130 ($100 x 1.3) if they successfully bet $100 on Joe Biden. Deducting $100 from this return gives the bettor the net profit earned.
Reviewing the prices that the bookmaker has set for each candidate, it can be determined that according to the bookmaker, the probability of Biden (favorite) winning the election is higher than that for Trump. The higher the total payout (i.e. the higher the decimal odd), the less probable (and riskier) it is for the listed candidate to win.
How American (Moneyline) Odds Work.
Let’s understand this with the help of an example:
One of the popular betting websites priced the NCAA "Sweet 16" men's basketball game between Duke and Syracuse on March 23, 2018, with the following moneyline odds.
In this matchup, there is a big difference between the two odds, indicating a much higher probability of Duke winning the game and advancing to the next round of the NCAA Tournament.
Key Takeaways.
The three main types of betting odds are fractional (British) odds, decimal (European) odds, and American (moneyline) odds. These are simply different ways of presenting the same thing, and hold no difference in terms of payouts. Fractional odds are the ratio of the amount (profit) won to the stake; Decimal odds represent the amount one wins for every $1 wagered; and American odds, depending on the negative or positive sign, either indicate the amount one needs to wager to win $100 or the amount one would win for every $100 staked.
The Bottom Line.
If you are planning to enter the betting or the gambling world, it is important to be able to understand and interpret all types of odds well. Once you have mastered the three popular types of odds (fractional, decimal, and American), you can move towards a more detailed read on this topic and find out how the house always wins. Please refer to Understanding the Math Behind Betting Odds & Gambling for the conversion between the different formats of odds, the conversion of odds into implied probabilities, and the differences between the true chances of an outcome as well as the odds on display.
Sports Betting Odds.
Sports Betting Odds Explained.
Many people don’t know how to read or calculate sports betting odds, so below we have done our best on explaining how betting odds work. The most common type of sports betting odds used in North America are the American style odds which we explain below.
American Style Sports Betting Odds.
Most online sportsbooks will list their odds in what is called “American Odds”. There are a couple different versions of sports betting odds, but these American Odds are the most common odds used. Reading and understanding sports betting odds can bet a little confusing to beginners, so we have provided an example below using two NFL football teams:
American Odds.
The number shown in the bracket represents the odds. The American Odds have two components to them, the first being the positive or negative sign, and the second being the number that follows the sign.
The next step is figuring out exactly how much the bet pays out, which is where the numbers in the odds come into play.
A listed odd with a – sign in front of it, such as the -140 in our example above, shows us how much money you would need to wager in order to win $100. So using the -140, this would show us that you would need to bet $140 in order to win $100 in profits. You can easily substitute the $100 bet for a $10 bet by moving the decimal place over one spot, showing us that you would need to wager $14 in order to win $10 in profits.
Examples:
Examples:
Below is an example of NFL betting odds taken from an online betting site.
The great thing about betting online is that the online sportsbooks will do the calculations for you before you place your bet. You can click on the outcome or team you would like to bet on, and then input the amount you wish to wager and it will show you your potential pay out before you confirm your bet.
Ready To Start Betting? MyBookie and BetNow are my two favorite sportsbooks and make betting very easy. You will also get a Free Money Bonus at each sportsbook if you follow either link above.
Decimal Style Sports Betting Odds.
Decimal style odds are used mostly in Europe, and are pretty easy to understand. To calculate the decimal style odds all you will need to do is simply multiply the amount you wish to wager by the decimal odds shown and you will get your payout. For example it may look something like this:
Decimal Odds.
Matchup Odds USA 2.40 Brazil 1.55.
If you wanted to place a $10 wager on the USA at 2.40 you would simply need to multiply your $10 wager by the 2.40 odds (10 x 2.40) to find out that the payout is $24. It is important to realize that with decimal style odds it includes the amount you wagered, so to find out profits you would need to subtract your wager ($24 – $10) to find out your potential payout is $14 in profits.
If you wanted to place a $10 wager on Brazil you would again just multiply $10 x 1.55 to find out that you would win $15.50 total or $5.50 in profits.
Decimal style betting odds are very simple to understand, but you won’t see them displayed in many North American sportsbooks. With that said, most online betting sites will allow you to chose the style of betting odds you want displayed, with American odds set as the default.
Moneyline Betting Odds Explained.
One of the most common types of sports betting lines when wagering on a game is the moneyline. You will see moneyline odds for every game and every sport played for the most part. While some games that have a very large spread but stray away from offering a moneyline, it is still one of the most popular styles of betting. A moneyline is a type of straight wager where the bettor wagers simply on who will win the contest, straight up – without any spread involved.
Explaining The Moneyline For Super Bowl 55.
Understanding How Moneyline Betting Odds Work.
The moneyline is used exactly the same no matter what sport you are betting on. All you must do is select who you believe will with the matchup without any other thought behind you. By taking the favorite, a bettor would have to risk more money than what their expected return would be. Because there is no point spread involved to handicap the game, the oddsmakers and books handicap the payouts to ensure their book stays balanced. Betting on the underdog will result in a much better payout, as the oddsmakers have deemed this team less likely to lose. As you take action on either the favorite or the underdog and select the moneyline, a ratio of $100 is used to represent the payouts.
Seems pretty easy right?
Well, it's definitely easier than betting the point spread, in which a team has to cover a spread installed for a match up however you should know that moneyline wagers do not payout the same as a wager against the spread. Keep reading to learn more about payouts when betting on the moneyline.
Understanding Payouts When Betting On The Moneyline.
The biggest differences on the moneyline though, aside from no point spread, is the payout. The idea behind a point spread is to bring the two teams in a match up to a more even playing field. If a team is better than the other, the points given by the favorite brings the underdog to a more even field. That is not the case on the moneyline.
Simply put, you will have to risk a whole lot more money on a favorite to profit. On the flip side though, if you bet on the underdog, the potential profit is a lot bigger on the moneyline than betting on the point spread. That is because the likelihood of the underdog winning is slim on the moneyline.
Explanation Of How Moneylines Work In MLB.
Understanding The Moneyline In Football.
Understanding The Moneyline Odds In The NBA.
Bovada Sportsbook - Best Sports Betting Site For Betting On The Moneyline.
Moneylines are one of the most popular bets that players get involved in. There are always teams that are expected to beat other teams. The margin of victory may be pretty wide. The big thing that sticks out here is how big of a favorite some teams are.
There plenty of moneylines that might show a team being a heavy favorite and if players bet against them, that is a very huge profitable opportunity. Upsets are always going to happen so this is where a lot of bread can be won. There are also toss-up games as well that many players take a stab at as well and end up cashing big on Bovada. This is the place to get when it comes to Moneyline bets regardless if its blowouts or close games.
BetOnline Sportsbook - Best Sportsbook With Great Moneylines.
It's clear that BetOnline is one of the best sportsbooks for players and the moneylines that are offered are one of the main reasons why. There is news coming out all the time about teams prior to games and as soon as news drop that effects a team, it also affects the Moneyline on BetOnline.
This is what gives BetOnline a bonus over other sportsbooks because of the consistent update of Moneyline and always moving. Place your bet early could also be a great idea because of the news that could swing later on that week or day before matchup. BetOnline has it set up to where if any changes need to have done that is possible.
SportsBetting's Sportsbook - Lots Of Betting Odds When Betting On Moneylines.
There are a number of things that SportsBetting sportsbook offers that makes it one of the better online sportsbooks for players. When it comes to picking some of these games with favorable matchups, the Moneyline does really determine how much players want to put down on these games. Most of the time, these games have the favorite that doesn’t really see players win a lot unless they put a lot of money down. When it comes to upsets, however, this is where players can have their lives change by just one pick.
Players with SportsBetting account have seen the Moneyline and have taken advantage of that the line because of the possible big payout. When you see a team like the Lions be underdogs against the Arizona Cardinals pull out the victory, only one thing is happening and that is big money is being handed out to all the players who took the chance on SportsBettting.
MyBookie Sportsbook - Money Line On MyBookie One of The Best.
It is hard to find any sportsbook that has better moneylines that MyBookie. The way Moneyline works is very simple and most of the time it changes depending on what players are playing and are not. This often changes and sometimes in the favor of a player's bet. MyBookie is known for having a lot of people cash big when picking the Moneyline and the reason why is simple, their lines are better.
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