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.

If youre keen on sports betting online, then there arent many website options that can even compete with Bovada. People who have penchants for gambling on the Internet often cant 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 doesnt matter what your specific sport preferences are. Bovada can help you attain an online betting experience thats one for the record books, period. When youre 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. Thats 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 wont be able to resist paying a visit to Bovada. Tennis bets have never been quite so pleasant online.

BetOnline.ag is another haven for people who adore wagering on their favorite sports. If youre looking to streamline and simplify your sports betting journey in a significant way, then you should go to BetOnline.ag as soon as possible, no exceptions. This website caters to individuals who adore betting on favorites such as tennis, soccer, golf, hockey, baseball, football, and basketball. The sky is honestly the limit for fans who head over to BetOnline.ag these days. BetOnline can be a true haven for individuals who are searching for all of the best sports betting sites. BetOnline accommodates individuals who wish to place efficient wagers on preferred sports of all different varieties. If youre in the mood to gamble in a productive and hassle-free manner, then this user-friendly site may be able to come to your rescue. It welcomes seemingly countless bet enthusiasts on a daily basis.

If youre attempting to pinpoint all of the greatest online sports betting sites going at the moment, then you should take the time to explore SportsBetting.ag right now. This website successfully accommodates people who are in the mood to place bets on basketball, baseball, tennis, soccer, golf, and hockey. If you want to wow the planet with your basketball bet abilities, then SportsBetting.ag can make things simple and stress-free for you. Signing up with SportsBetting.ag is in no way a complex process. SportsBetting.ag is a tried and tested powerhouse among individuals who revel in bets on the Internet. If you want to place wagers without having to worry about any of your choices, then you should check this website out without a hint of delay or reluctance. When you need online sports betting sites that are 100 percent uncomplicated, then SportsBetting.ag doesnt have many competitors whatsoever. Registering for this website isnt at all overwhelming or complex. Its actually a pretty enjoyable thing. If you want to relish wagering on options that tick off all sorts of boxes, then you should take the time to learn everything you can about SportsBetting.ag as soon as possible. The website has a sizable fanbase. It has some of the most conscientious and pleasant customer service representatives out there as well.

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Best 7 Sports Betting Sites Online 2023 | Top Sportsbooks

When looking to venture out into sports gambling, you are likely to find hundreds of online sports betting sites out there. When looking for the best sports betting sites, therefore, the most important issues to consider are the perks that come with the websites. This will ensure you enjoy the greatest sports betting online experience. These perks include signing bonuses and easy usability among others. In this article, we are going to review three of the best online betting sites, which are Bovada, BetOnline, and MyBookie.

Bovada.lv also known as Bodog.com in Canada is among the best sports gambling websites that has been in existence since 1994. The sites domain is registered in Latvia. The platform provides access to sport, casino, poker, and racebook wagering.

Bovada has continually offered promotions and offers to its customers. For instance, first-time deposits for sports get bonuses of 50 percent for deposits up to $250, 100 percent for deposits up to $1000 for casino bets, and 100 percent for deposits up to $1000 as poker bonus.

Making a deposit or a withdrawal is easy and only attracts a small fee. For first-time deposits, the processing fee of 4.9 percent is waivered. Payouts are done using rapid transfer, otherwise known as money gram.

Bovada allows sports betting online on their user-friendly mobile interface or in their state of the art poker and casino gaming rooms. The minimum wager online is $1 and $50 for mobile bets. The only limitation to using Bovada is that the odds are posted late and that they have very low wager limits.

Licensed and regulated in Panama, BetOnline offers sports, live, poker, casino, and live dealer types of betting. It offers a wide range of payment options and several accepted currencies, thus making it one of the most convenient sites for customers across the world.

You get a welcome bonus of 50 percent on deposits up to $2500. However, bonus levels are tiered for different types of wagering. The online game library is categorized into 3D slots, table games, slots, and video poker. Most of the bets are placed online since their mobile platform only allows sports betting.

Maximum and minimum deposits and withdrawals are different for different payment options that are offered on BetOnline. Its major shortcoming is that it has high rollover requirements that customers might find difficult to understand.

MyBookie is one of the newest top online sports betting sites in the market. It was established in 2014 in Costa Rica and is fast growing to compete with other older bet staking sites. The minimum online wager on MyBookie is $10 and the maximum is $1000. For mobile wagers, however, there are no limits.

Wagering options for MyBookie include straights, totals, open wagers, action points, teasers, reverses, if bets, futures, and money lines among others. You can bet on games such as NFL Football, college basketball, NBA basketball, NHL hockey, soccer, golf, and horse racing among others.

With one of the highest bet bonuses in the industry, MyBookie gives you a welcome bonus of up to 50 percent for up to $1000 if you are a first time depositor. For reloads, they offer a 20 percent cash bonus. This makes it one of the best sports betting sites.

Its mobile platform has a user-friendly interface that makes it very easy to use. Their customer service is also highly efficient and offers top-notch customer service. This puts them among the best online betting sites today. MyBookie, however, only caters to recreational gamblers as opposed to other top sites that allow professional gambling. The site has also been said to lean more on the US sports market as compared to international sports.

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Best 5 Online Sports Betting Sites 2022 - Top Rated Sportsbooks

The legalization of Sports Gambling has opened up doors for online sports betting sites that have long been innovating and creating user experiences online and in mobile applications. The result is that sports betting has become open for business and that will open the world up to many opportunities for everyone involved.

The best way to get involved in sports betting is to pick from the best online betting sites. Sports betting online is already a business for a litany of companies, but there are a few that have differentiated themselves as the top user experiences in this growing business.The top sites include the following:

The best site depends upon the wants and needs of the individual customer. Sites are known to customize their experience to mobile instances and apps are already developed that will help you bet on a sport virtually anywhere.

Sites can also now be trusted with deposits because of the legality of sports gambling. Sports betting online is now as simple as transferring money from your bank account to start and requesting a payout whenever you feel necessary. The old model where your money was held at an offshore account is no longer necessary. This will bring legitimacy and foster trust between the Company and customer that should make online sports betting sites even more popular.

The very best online betting sites will no doubt continue to innovate. In a lot of ways, websites have only started to come up with new ways to attract customers. Making live bets is a process has not been tested very thoroughly and the best sports betting sites will go online with live sports bets in a way that makes it very easy to make a bet and win or lose within minutes or even seconds. This is just one example of a way that the best sports betting sites will differentiate themselves.

The best thing about making a bet is that the options are endless. There are thousands of wagers available to consumers and it is very easy to find a niche. From making wagers on the coin flip of a game all the way to making over/under bets on season-long wins, there are options for everyone who wants to get a little action on a game.

The reality of wagering is that it can be a very risky proposition if a person takes it too seriously or tries to make a living with their bets. The best way to approach this new legal business to treat it as a hobby and use discretionary income only to make wagers. If treated as a hobby and done in moderation, there is absolutely nothing that is better for a fan of sports. The key to optimizing the experience is to find the right dance partner. The decision between Ignition Casino, Cafe Casino or Slots.lv depends on the preferences of each individual.

There is no telling how much this industry will grow going forward. The future will be defined by increased regulation and transparency which should help to further legitimize the business in the eyes of skeptics. There will no doubt be additional entrants into the industry as the business case is further solidified. All of this will be great for customers looking to get the best gambling deals and user experience. Increased competition will make the experience infinitely better. So buckle up and enjoy the ride!

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Best Online Sports Betting Sites 2023 - Top Sportsbooks

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.

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.

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.

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.

They offer 24/7 toll-free customer service via telephone. They can help you in English, Spanish or Portuguese, and they dont offer live chat, the wait time is about 1 minute on phone calls and a few minutes for emails. Bovada covers all the major sports. They offering straight bets, teasers, if bets parlays, futures, and props on just about any sport. This makes Bovada one of the best Online sports betting sites. Read here for more.

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 Superbowl betting types.

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.

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 youll find.

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.

Having separate email addresses for the casino, racebook and sportsbook is a huge plus in terms of getting results when you have a problem.

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 is another place which offers Sports betting online. They are newer than the others but already have a great reputation online.

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.

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 youll be subjected to a fee for each withdrawal.

Payouts are completed within 48 hours. This makes them a top sites out there.

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 Super Bowl betting websites, but theyre 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.

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Best Online Sports Betting Site 2023 - #1 Top Sportsbook

Over the past four years, sports betting has emerged from the shadows and into the mainstream. The anti-gambling stigma that existed for decades faded quickly in American popular culture, opening the door for a massive, multibillion-dollar legal sports betting industry to emerge.

With sports betting now legal in many states, millions of sports fans will be looking to enter the betting market for the first time.

But where do you begin if youre unfamiliar with the terminology?

Heres an introduction into how to bet on sports with 12 things that every beginner needs to know.

Use the links below to jump to each section.

When oddsmakers release a betting line on a game, the first thing they do is decide which team should be the favorite and which should be the underdog.

The favorite is the team that is more likely to win the game and will get a minus sign next to its odds. The underdog is expected to lose and gets a plus sign.

Heres how it looks at FanDuel.

If the game is a true 50/50 toss-up, books will open it as a pick or pickem.

There are two main ways to bet on a favorite or an underdog. The first is the point spread, which is a bet on the margin of victory.

Lets use the same example from FanDuel.

The Eagles are a -4.5 favorite over the Lions in Week 1. That means anyone betting on Philadelphia needs the Eagles to win by 5 or more points. Anyone betting on Detroit needs the Lions to lose by 1-4 points or win the game.

Point spreads are adjusted for team ability and many other factors. Thats why the Colts are an 8-point favorite on the road against the lowly Texans, while the Eagles are a smaller favorite on the road against the Lions.

Spreads are available in every sport but most common in higher-scoring sports like basketball and football.

Still confused? Check out this video breaking down point spreads.

The second way to bet on a favorite or an underdog is on the moneyline. A moneyline bet requires you to just pick the winner of the game, and uses American odds to calculate the payout.

American odds are centered around winning $100.

So if youre betting a -200 favorite, you need to risk $200 to win $100, or any fraction of that $20 to win $10, $2 to win $1, etc.

If youre betting a +200 underdog, you will win 2x your money for every dollar wagered $100 to win $200, $10 to win $20, $1 to win $2, etc.

Back to Colts-Texans. Oddsmakers believe Indianapolis is the much stronger team. So to bet the Colts just to win the game, you need to risk a substantial amount.

The Colts are -375 that means you need to risk $375 to win $100 or $37.50 to win $10.

The Texans are +300. If you bet $100, youll win $300. Or if you bet $5, youll win $15.

So why do you have to risk more on the favorite than youd win on the underdog?

This is called the juice, and its how sportsbooks maintain their edge over bettors.

Moneylines are available for all sports, but they are predominantly used when betting on lower-scoring sports like baseball, hockey and soccer.

In addition to setting a line for the favorite and the underdog, oddsmakers will also set a total number of points scored in a game by both teams combined. This is called the total or over/under.

Bettors can then wager on whether or not the game will go over or under the total. Youre not trying to guess the exact score (though that bet is available, too).

Eagles-Lions has a total of 46 about average for an NFL game.

The over/under concept is applied to many different kinds of bets.

With many bets, you may see two numbers a spread like -4.5, and then odds below it, like -110.

Lets say youre betting on the Colts at DraftKings.

If you wager $11 to win $10 and the Colts win by 14, youd win $10. If the Colts win by 3, youd lose $11.

NFL spreads will usually be -110 on both sides.

But for something like an MLB spread, where the line is almost always -1.5 for the favorite and +1.5 for the underdog, the juice will differ depending on the gap in ability between the two teams.

OK, so you now know what each bet means. So how do you place them?

Most sportsbooks make it quite easy.

Each team will be lined up with its corresponding lines. So in that video, USC was a 14-point underdog against Alabama. To bet USC, just click the cell across from its name.

So where can you actually place a bet?

More than half the U.S. states have some form of legal betting, but about 20 have full online wagering. Others have only in-person betting at casinos, racetracks and other venues.

Here are the NBA Championship Futures Oddsoffered by BetMGM Sportsbook: Updated January 30, 2023 Odds Provided by BetMGM Subject to Change

In the end, you have the final say on how much to risk on a game, but a good rule is risk only what you can afford to lose. Sports betting is a marathon, not a sprint. There will be good days and bad days. As a result, we recommend a flat-betting approach.

This means betting the same amount on every game and risking only 1% to 5% of your bankroll per play (the bankroll is the starting amount you have at your disposal to bet with). For example, if you are starting with a bankroll of $100, you should risk no more than $5 per game.

By employing a flat-betting approach, bettors guard themselves against losing their entire bankroll during a bad stretch, but also set themselves up for a positive return on investment (ROI) when theyre doing well.

Click to return to table of contents.

A parlay is a wager type in which two or more bets are linked together to create one bet with a greater payout, but all the bets must win.

So instead of betting $10 each on three games, you can make one $10 wager that will pay out more of all three teams win. But if even one loses, you lose your $10.

The payouts will vary based on how many bets you include, and the prices of those bets.

This MLB parlay with Mariners +114, Mets -220 and Marlins and Marlins -134 pays +443.

Even more popular than traditional parlays featuring multiple games is the same game parlay, pioneered by FanDuel and now offered by almost every sportsbook.

This feature allows you to parlay multiple bets from the same game, with the correlation of each event priced in. That means if you bet over 51 in Rams-Bengals and Matthew Stafford over 2.5 passing touchdowns, you wont get the full parlay payout, because those events are more likely to happen together.

Same game parlays wildly popular in standalone NFL and NBA games.

Betting spreads and totals isnt enough for most people anymore.

Props short for proposition bets can be any wager thats not a standard point spread, moneyline or total.

But when people refer to props, theyre usually talking about player props like:

Like point spreads, you often have to pay the corresponding price with props.

Here, Scherzers strikeout total against the Reds is set at 7.5. But its more likely than not he goes under, according to FanDuels lines, so you have to pay a steeper price to bet the under than the over.

If youre getting serious about making money betting sports, props are a great place to start.

U.S. sportsbooks offer hundreds of props on every game, creating a greater attack surface since they cant properly price all of them. Even if youre not creating your own statistical models, tracking specific props and understanding how theyre priced can help give you an edge over the sportsbooks.

Lines can vary based on the sportsbook, because different books have different clienteles. As a result, one book may post the Cavs -8 while another has -7.5.

Having access to more than one sportsbook allows you to shop for the best line. Getting an extra half-point might not seem like a huge deal, but it adds up over the long haul and increases your chances of winning.

Our live odds pages will automatically surface the best line for every game.

This isnt Monopoly money, so you want to make sure youre tracking your progress. The easiest way to do that is withour award-winning (and free!) app, which has awesome features like live bet cover probability and odds shopping, it also lets you track all of your bets across nearly every sport.

And thats valuable because you can identify where your strengths and weaknesses are as you start betting. Are you more successful betting on the NFL or NBA? Do you thrive when taking player props or over/unders? These are all a good thing to know, and it can allow you to maximize your winnings.

Check it out for free here.

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How to Bet on Sports for Beginners: 12 Tips to Know

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The New York Post ranks the best legal sports betting sites in America, with a comprehensive guide on all the best online sportsbooks, and the best sports betting bonuses out there.

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BetMGM is one of the most well-known sportsbooks in the US thanks to their affiliation with the MGM brand. Their strong welcome offer is one of the best youre going to come across, one that can be used on their huge range of sports markets.

The selection of live betting and same-game parlay markets also prove to be seriously impressive, all factors that contribute to BetMGM having one of the best sportsbooks around. Right now, BetMGM is offering new customers up to $1,000 back in bonus bets if their first bet loses.

There are many reasons as to why Caesars is so high on our list. Their new customer offer is one of the largest and most generous youll get on any legal sports betting site, and they also provide lots of ongoing bonuses for existing customers.

They offer competitive odds on all the biggest sports out there, with some smaller, less popular sports markets also available. Their betting limits are high, which is great for high rollers, with loads of payment choices available.

Despite lacking a live streaming function, their site is simple to use and caters to new and experienced players. With a great new customer incentive, theres not much wrong with Caesars Sportsbook.

Like other sportsbooks, FanDuel initially specialized in daily fantasy sports, but now has become one of the best online sports betting sites in the US.

Boasting one of the biggest betting markets out there, FanDuel also presents an impressive geographic footprint. In most states with legal sports betting, FanDuel has a presence, with it often being one of the best in these states.

Their welcome bonus is simple and easy to clear, with daily bonuses and in-play markets all very enticing. Theres no doubt that FanDuel deserves to be high up on our list, and you will not be disappointed.

BetMGM stands above others for betting experience. They boast a growing range of sports to bet on, with strong odds and plentiful live streaming broadcasts.

Their mobile app features a simple design and provides easy navigation, making sure youre always finding what youre looking for. Its hard to find any flaws with BetMGM, with their welcome offer being very competitive amongst other sportsbooks.

Frequent promotions and bonus offers make BetMGM exciting to play with, catering to all different types of bettors. If youre uncertain about which betting site to start with, then look no further than BetMGM.

Barstool Sports officially entered the sports betting business in September 2020, and Barstool Sportsbook has gone from strength to strength ever since.

Their new customer offer is fantastic, and for a sportsbook which is less well known in the sports betting world, is very generous and lucrative. The sportsbook provides a handsome volume of unique promotions, as well as plenty of partnerships with the fun and entertaining Barstool Sports platform.

While they are not covering as many states as some of the other big boys in sports betting, their sportsbook and mobile app is very strong, and given the quality of their new customer offer, this sportsbook is not one to miss out on.

Launching in Colorado and Virginia, Sports Illustrated Sportsbook becomes one of the newest additions to the sports betting scene in the USA.

A fresh and slick interface greets bettors upon arrivial, with SI sportsbook catering to all levels of betting calibre. The newly launched operator boasts many of the user-friendly and in-demand features found on the 888 Sport platform.

Their new customer offer is easy to claim, and gets new users off to a fantastic start to life with SI Sportsbook. The new kid on the block, but dont be fooled. SI Sportsbook knows a lot about the world of sports betting, and is not one to pass up on.

BetRivers sign-up offer and available betting markets are on par with other highly rated bookmakers, with strong odds to boot.

Their live streaming feature and their extremely easy to use mobile app give BetRivers some plaudits other sportsbooks may not gain. The BetRivers sportsbook app is their particular strongpoint, engulfing everything that a great sports betting app should have.

They are professional, experienced, and courteous, with great customer service options should you need any help. Theres a lot to like about BetRivers, but as always, theres still room for improvement.

WynnBet is another internationally recognized name in gambling, but it faces stiff competition from well-established, well-funded, and more experienced operators.

In summary, WynnBet is a safe and licensed mobile sportsbook, but it lags the competition in numerous important ways. Promotions, variety of bets offered, and software are all lacking compared to most of the industrys other operators.

However, WynnBet features competitive pricing for major and minor sports. In many instances, bettors will find WynnBet offers better odds than some of its bigger rivals.

A global sportsbook, bet365 really know the sports betting game inside and out. There are plenty of sports to bet on across the world, more so than their competitors.

There are a ton of bonuses that are available for new customers and for regular bettors on a daily basis. Many of these deals focus on free bets, early payout offers, and parlay betting for various sports.

Despite not being legal and licensed is as many states as other big names in sports betting, there is no doubting bet365 is still a strong online betting site.

One of the newer faces in online sports betting, Borgata is a safe choice to place your sports wager. Their welcome offer is easy to claim, and despite not being as generous as other sports betting sites, still boasts a healthy first promotion.

Their mobile betting app is slick and easy to use, and their customer ratings are fantastic. Borgata has not been going for too long, and we would expect them to improve over the coming months and years.

SugarHouse Sportsbook offers great bonuses, a lucrative loyalty program, strong customer service and a sophisticated sports betting platform.

It covers more sports than most of rivalonline sportsbooks, provides hundreds of betting options on big games and its odds are competitive. It also has great customer service, live streaming and a reputation for delivering very quick payouts.

Legal in just a handful of states, SugarHouses range is a limiting factor in our list, but theres still plenty to enjoy.

Play Gun Lake may not be one of the bigger names in the industry, but it definitely is worth checking out. Bringing a fresh and attractive interface that is user-friendly and makes it easy to navigate.

They provide exciting customer promos throughout the year on many different sporting events. Free bets, bonuses, and odds boosts are consistently being promoted, including an exciting exclusive promotion called Half the Spread and Double the Spread.

They are legal and licensed in just one state, Michigan, which harpers their reputation. Were excited to see where this sports betting sites grows to, and there is plenty of promising potential.

Since the 2018 removal of the Professional and Amateur Sports Protection Act (PASPA), the number of states that offer legal sports betting has massively increased.

There are now 26 states which offer some form of legal online betting, with each state having different numbers of sportsbooks available to bet on.

While its fantastic that a large number of states have legalized online sports betting, there are still plenty of states yet to legalize it.

As the number of states which have legalized sports betting continues to rise, there are a few states close to going live.

Online sports betting is completely legal and legitimate when you play with a site thats officially licensed in the state where you are depositing, betting or withdrawing.

Your money is safe with a licensed sportsbook and with excellent customer service facilities available, there is plenty of help available should you need it.

Online sports betting at this point in time is legal in some form, in 26 states. These states being:

AZ, AR, CO, CT, DE, FL IL, IN, IA, LA, NV, NH, NJ, NY, MI, MS, MT, OR, PA, RI, SD, TN, VA, DC, WA, WV and WY.

Not all states have the same sports betting capabilities, with different states legalizing different types of wagering. It is important to check for your state for the rules and regulations.

An increasing number of states are moving toward legalizing online sports betting, so be sure to check back to this list.

You will be able to bet online legally via any of the sportsbooks licensed to operate in your state.

All legal and licensed sportsbooks are accessible via their websites. Many of the best sportsbooks have apps for iOS and Android devices, allowing you to play via your mobile device.

As long as you are over the age of 21 and within New York state lines, you are able to wager and bet with any of the licensed sportsbooks in NY.

All of the major US sports are available. NFL football, MLB baseball, NBA basketball, NHL hockey and MLS soccer are the most popular ones to bet on.

The top online sportsbooks tend to have the most diverse ranges of sports and odds, with everything from UFC, boxing, tennis and NASCAR to darts, rugby, badminton and more.

Yes. Its legal to bet on college sports matchups in some states. Most states have the rule that you cannot place bets on universities in your state, or on college sports events taking place in your state.

The states where college sports betting is legal are as follows:

It is definitely worth researching your states rules for college sports betting before you start to think about whos going to win March Madness.

Well, the stage is set for Super Bowl 57 as the Kansas City Chiefs will take on the Philadelphia Eagles. Unfortunately, the big game is about two weeks away.

However, the good news is that there is plenty of action to keep us busy. The NBA takes the spotlight tonight as they have eight games on the docket tonight.

Lebron James and the Lakers will be in town tonight as they take on Kyrie Irving and the Brooklyn Nets. Thats not all as out west. Two of the games best point guards will square off as the Atlanta Hawks face the Portland Trailblazers.

In the collegiate circuit, the Big 12 is the conference to watch tonight. No. 12 Baylor will square off against No. 10 Texas, and the No. 12 Iowa State Cyclones will be tested as they take on Texas Tech.

In order to wager your money on sports and withdraw any winnings in your state, you must be at least 21 years old, and be within state lines.

Bettors will only be allowed to place bets at one of the legal and licensed online sportsbooks in your state. It is necessary to check which online sportsbooks are legal and licensed in your state before playing.

Read more:

Best Sports Betting Sites 2023 Online Sportsbooks Ranked

A great sports betting app is packed with features and optimized for quick, reliable, on-the-go wagering. Here's what we look for in a mobile betting app:

Mobile sportsbook apps are developed with the user in mind. These apps should provide bettors with a superior betting experience than they would otherwise find using a browser and visiting a sportsbooks website. Users should expect an enjoyable, mobile-optimized journey, including smooth navigation, large buttons, and fast load times.

A beautifully-crafted sports betting app must also deliver what bettors crave most: all of the features they would expect to enjoy when wagering at a retail sportsbook or on a sportsbooks website. The best sports betting apps should mirror and improve upon the features users enjoy when confirming their picks elsewhere. Some features to look for include bonuses and promotions, early cash out, and live streaming.

A sportsbook app should offer a broad selection of sports and bet types while making it easy for its users to locate, preview, and submit their bets. Popular wagers include the moneyline, Over/Under (totals), point spreads, futures, teasers, props, same game parlays, and live betting.

The top mobile sports betting apps give their users the option to choose from a variety of sportsbook deposit and withdrawal methods. Deposit options should include debit cards, credit cards, bank transfers, PayPal, and more. Bettors must be able to access their funds easily, and withdrawals must be processed in a timely manner.

Top-notch security is a must for any mobile sportsbook. But the top sportsbooks in the nation go above and beyond to keep your funds safe and ensure no harm will come to your device. Look for a mobile app with two-step verification, timed logouts, and precise geolocation software.

Follow this link:

Best Sports Betting Apps USA - Top 9 Sportsbook Apps in 2023 - Covers.com

Sports betting has never been more accessible, but theres a learning curve for those who dont quite understand how all the different bet types work. Below we provide detailed explanations on the most popular bet types, including real-world examples.

A straight bet is the most common type of sports wager. Sometimes referred to as a single bet, a straight bet is simply wagering on the result of a single game or event.

The best way to think of spread bets is theyre related to margins of victory. A spread bet involves either giving away or taking a certain number of points/goals/runs. That number is determined by the sportsbook and reflects the expected victory margin.

Bettors choose whether theyre going to take the spread (which means betting the underdog) or give the spread (which means betting the favorite).

All point spreads have odds attached to them, and more often than not, those odds are -110 for both teams. As we explained above in the How do the odds work section, that means if you want to bet either the Cowboys -5.5 points or Eagles +5.5 points, you would have to wager $110 for a chance to win $100 (or $11 to win $10).

A parlay is a combination of two or more straight wagers into one bet. Parlays are popular because they open up the door to win bigger payouts while risking less money. (Think of it as sports bettings version of a lottery.)

The number of legs (bets) in a parlay, as well as the odds attached to each of those legs, determines how much a bettor can win. The bigger the parlayand the bigger the betthe bigger the potential payoff.

However, its important to note that parlays of any size are difficult to hitand the more legs you add, that degree of difficulty increases exponentially. All it takes is for one leg to miss and your parlay is dead. In fact, if you go 6-1 on a seven-team parlay, you might as well have gone 0-7.

Here are the two main types of parlays:

A third parlay type is called a teaser, which is most popular in football (particularly the NFL). Like a parlay, a teaser is constructed with two or more teams. The main differences: Only point spread bets can be included in teasers, and bettors are allowed to shift the point spread by a certain number of points in any direction they desire.

Heres an example of a four-team, 6-point NFL teaser:

If you put the Steelers, Dolphins, Cardinals and Raiders in your teaser, you would be able to move the point spread 6 points in your favor. So teaser point spreads would be:

Because bettors get to move the point spreads, the payouts on teasers are much lower than parlays.

Totals bets are quite similar to point spreads. Also referred to as Over/Under betting, totals bets focus on the final score of a given game rather than who wins the game.

When betting a total, youre just predicting if the two involved sides will combine for more (Over) or fewer (Under) runs/goals/points than the total amount posted by the sportsbook.

If youre interested in diving into Over/Under betting, remember this popular saying as it relates to wagering on totals: Its never Under until its Over! Meaning, as long as a game is ongoing, its always possible to win your Over bet (or lose your Under bet).

On the flip side, if you bet on Seahawks-Rams Over 42.5 points and the score is 24-21 at halftime, youve got a winner and dont have to sweat out the second half.

Futures bets are another fun way to get involved in sports betting. Rather than wagering on a game taking place today or this week, futures bets are just that: bets that will be decided in the future.

Examples include betting on a team to win the World Series; betting on a country to win soccers World Cup; betting on a golfer to win next years Masters tournament; and betting on a player to win NFL Offensive Rookie of the Year.

Futures bets tend to offer greater oddsand thus larger potential payoutsthan straight bets. The reasoning is simple: Its tougher to predict, say, the Stanley Cup winner at the start of an NHL campaign than it is to choose which team will win a random regular-season game.

An important thing to remember about futures bets: The odds are constantly changing. For instance, just because the Los Angeles Lakers have +1500 odds to win the NBA title on Day 1 of a season doesnt mean those odds will hold firm for the next seven months (in fact, they most certainly will not).

Injuries, trades and performing below (or above) expectations can affect how a futures market unfolds. That said, the odds you get when you place your wager will never changein other words, if you bet the Lakers at +1500, those are your odds all season. If the betting market drops the Lakers to +400 because theyre playing well, you made a great bet. But if the Lakers struggle and their odds fall to +5000, well your bet is in big trouble.

Serious bettors who get involved in the futures market are always look for the best value. You should, too. Thats why its important to do your research before putting your money down. After all, why would you bet the Lakers at +1500 at one sportsbook when another is offering odds at +1800?

While other markets focus on the final outcome of a game or event, prop bets relate to an individual athletes performanceor even something that doesnt show up in the boxscore.

One example of a player prop would be betting on Tom Bradys total touchdown passes in a game (Over or Under 1.5 TD passes).

One example of a prop bet that has absolutely nothing to do with the actual action on the field or court would be predicting the color of Gatorade that douses the coach of the Super Bowl-winning team.

Here are some of the more popular forms of prop bets:

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How Does Sports Betting Work? Forbes Betting

Sports Betting Starts Tuesday in Mass. Here's What You Need to Know  NBC10 Boston

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Sports Betting Starts Tuesday in Mass. Here's What You Need to Know - NBC10 Boston

1. Massachusetts Set to Award First Sports Betting Licenses This Week  Covers
2. Applications open window into in-person sports betting  WWLP.com
3. Gaming commission hears no objections to casino-based sports betting licenses  Boston Herald
4. Casinos applications lay out what sports betting could look like in Mass.  MassLive.com
5. View Full Coverage on Google News

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Massachusetts Set to Award First Sports Betting Licenses This Week - Covers

Opinion: Steve Pomerance: Population growth, public debt and sports betting: Catastrophes by the numbers  Boulder Daily Camera

Excerpt from:

Opinion: Steve Pomerance: Population growth, public debt and sports betting: Catastrophes by the numbers - Boulder Daily Camera

Sports betting is the best way to get closer to the action with all your favorite sports. Sports Betting Dime has been helping fans and bettors navigate challenges and find success for years, with all the critical information they need to bet confidently on any matchup.

Once youve found a sportsbook or betting app, Sports Betting Dime offers a huge range of resources to help you make the best possible wager.

As sports betting becomes legal in more and more areas, we are there and keeping tabs on the latest developments. NJ sports betting and Pennsylvania were two of the first states to launch with Michigan sports betting and online betting in Virginia going live in the beginning of 2021, and betting in Arizona launching just ahead of NFL kickoff. Canada sports betting also became legal in August, but DraftKings, FanDuel, BetMGM, and Caesars Sportsbook are still working their way up north. Bettors were also just treated to New York sports betting apps launching on January 8, with major brands like DraftKings NY, FanDuel NY, and Caesars Sportsbooks New York all going live. BetMGM NY and PointsBet New York will also be launching in the state shortly. Bettors now have access to legal Louisiana sports betting apps. As well as Kansas online sports betting set to go live for this NFL season.

To get ready for a great year, weve got offers from the top sportsbooks ready. We have a Barstool Sportsbook promo code, Caesars Sportsbook promo code, FanDuel promo code, and DraftKings promo code, among others, along with offers from all top betting apps. These offers are waiting for when you are ready to join.

Our editorial team publishes the latest news, tips, and pre-game betting analysis. Dig deep into major league sports with odds and matchup reports for NFL, NBA, MLB, along with NHL and NCAA football and basketball. If you want to bet on other sports, our MMA betting, golf betting, and soccer betting pages have sport-specific betting information for you.

We also provide odds on original entertainment props you wont find anywhere else. Anytime a major event is going on in sports, we have odds on it or can point you to someone who does and let you know how your money is best spent.

Youll also find betting advice and strategies for any experience level in our sports betting guides. From how to read odds to specific game plans for individual sports, you can work your way up from rookie to sharp

Follow us on Twitter, Facebook, and Instagram to connect and engage with us. Were here to help every step of the way!

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Online Sports Betting: Odds, Sites, Apps & News | SportsBettingDime.com

Soccer|Belarus Premier League|Matches

2022-10-19

Soccer|Japan J. League 2|Matches

Soccer|Turkey Trkiye Kupasi|Matches

Soccer|Ukraine Premier League|Matches

Tennis|Women|Matches

Rouen, France|Kamilla Rakhimova vs Anna Blinkova

Match winner

Tennis|Men|Matches

Antwerp, Belgium|Constant Lestienne vs Daniel Evans

Match winner

Antwerp, Belgium|Geoffrey Blancaneaux vs Manuel Guinard

Match winner

Naples, Italy|Zhizhen Zhang vs Marton Fucsovics

Match winner

Soccer|Armenia Premier League|Matches

Soccer|Hungary Magyar Kupa|Matches

Soccer|Turkey Trkiye Kupasi|Matches

Soccer|Vietnam V.League 1|Matches

Tennis|Men|Matches

Stockholm, Sweden|Cameron Norrie vs Aslan Karatsev

Match winner

Soccer|Hungary Magyar Kupa|Matches

Tennis|Men|Matches

Antwerp, Belgium|Richard Gasquet vs Dominic Stephan Stricker

Match winner

Antwerp, Belgium|Sebastian Korda vs Marcos Giron

Match winner

Soccer|Belarus Premier League|Matches

Soccer|Greece Greek Cup|Matches

Soccer|Poland Puchar Polski|Matches

Soccer|Turkey Trkiye Kupasi|Matches

Soccer|Ukraine Premier League|Matches

Tennis|Men|Matches

Naples, Italy|Fabio Fognini vs Hugo Grenier

Match winner

Tennis|Women|Matches

Rouen, France|Misaki Doi vs Caty McNally

Match winner

Soccer|Vietnam V.League 1|Matches

Tennis|Men|Matches

Stockholm, Sweden|Alex Molcan vs Jeffrey John Wolf

Match winner

Stockholm, Sweden|Denis Shapovalov vs Antoine Bellier

Match winner

Soccer|Denmark Danish Cup|Matches

Soccer|Italy Coppa Italia|Matches

Soccer|Czech Republic Cup|Matches

Tennis|Men|Matches

Antwerp, Belgium|Yoshihito Nishioka vs Jaume Munar

Match winner

Soccer|Denmark Danish Cup|Matches

Tennis|Women|Matches

Rouen, France|Kristina Mladenovic vs Jaqueline Cristian

Match winner

Soccer|Uzbekistan PFL|Matches

Tennis|Men|Matches

Stockholm, Sweden|Christian Garin vs Holger Rune

Match winner

Soccer|Czech Republic Cup|Matches

Soccer|Turkey Trkiye Kupasi|Matches

Soccer|Ukraine Premier League|Matches

Hockey|Belarus Extraliga|Matches

Soccer|Portugal LigaPro|Matches

Soccer|South Afr. Premier League|Matches

Soccer|Belarus Premier League|Matches

Soccer|Denmark Danish Cup|Matches

Soccer|Egypt Premier League|Matches

Soccer|Greece Greek Cup|Matches

Soccer|Hungary Magyar Kupa|Matches

Soccer|Lithaunia A Lyga|Matches

Soccer|Czech Republic Cup|Matches

Tennis|Men|Matches

Naples, Italy|Borna Gojo vs Laslo Djere

Match winner

Hockey|Finland Liiga|Matchs

Soccer|Hungary Magyar Kupa|Matches

Soccer|Poland Puchar Polski|Matches

Soccer|Czech Republic Cup|Matches

Soccer|Bulgaria Division A|Matches

Soccer|Denmark Danish Cup|Matches

Hockey|Belarus Extraliga|Matches

Soccer|Germany DFB Pokal|Matches

Soccer|Austria OFB-Cup|Matches

Soccer|Italy Coppa Italia|Matches

Soccer|Norway Eliteserien|Matches

Soccer|Poland Puchar Polski|Matches

Soccer|Czech Republic Cup|Matches

Soccer|Turkey Trkiye Kupasi|Matches

Tennis|Men|Matches

Stockholm, Sweden|Elias Ymer vs Oscar Otte

Match winner

Tennis|Women|Matches

Guadalajara, Mexico|Aryna Sabalenka vs Liudmila Samsonova

Match winner

Guadalajara, Mexico|Jelena Ostapenko vs Eugenie Bouchard

Match winner

Guadalajara, Mexico|Magdalena Frech vs Danielle Collins

Match winner

Tennis|Men|Matches

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Mise-o-jeu - Sports betting | Loto-Qubec

Fanatics will launch sports betting sometime in January according to CEO Michael Rubin.

Rubin appeared at the 2022 CAA World Congress of Sports last week and announced that Fanatics will launch its sportsbook in multiple states starting January with plans to be active in 15 to 20 states by the start of the 2023 NFL season.

Rubin singled out New York as one state that Fanatics sportsbooks will not launch in right away due to operation costs in the state, where according to Rubin, you cant make money.

Rubin boasted that Fanatics will have an interconnected system where one account will give customers access to all Fanatics businesses. This would mean anyone connecting to Fanatics sports memorabilia and apparel arm would also be able to easily connect to the sportsbook.

According to Rubin, Fanatics currently owns a database of 94 million customers which is a tremendous advantage to the brand when it comes to sports betting customer acquisition. If it is able to spend less on customer acquisition than its competitors it could help it make a mark in the sports betting industry very quickly.

Its been a slow crawl toward sports betting for Fanatics which a year ago brought on board former FanDuel Sportsbook CEO as their CEO, raised $1.5 billion in March, and trademarked BetFanatics in May. According to Rubin taking time and going so slowly has actually saved Fanatics money.

People that think licensing is a problem, to be clear, its 30 to 40% cheaper today than it was a year ago, Rubin said at World Congress, So our patience saved us money. Id rather let everyone spend their brains out and then have to make money. Then I come in with a big check book and then Im spending when nobody else can.

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Fanatics sports betting launching in January - National Football Post

Legal Texas sports betting isn't the hottest topic right now, but it could be brought back up in the very near future. Efforts in 2021 to legalize Texas mobile sports betting were not successful, but with so many states launching online sportsbooks in 2022, there could be another effort to make legal sports betting in Texas a reality. There is even one current candidate for governor in Texas who has mentioned that he will back an initiative to legalize Texas sports betting if he is elected.

If Texas online sports betting gets legalized, then the latest Texas sportsbook bonus offer and Texas sportsbook promo code could bound to be very popular with new bettors in Texas. Before Texas online sports books get the go-ahead, new bettors should be familiar with common sports betting terminology. Here is a guide to sports betting terms from our friends at SportsLine that will help you get ready in case Texas online sportsbooks become a reality.

There are several ways you can make sports wagers both online and in retail sportsbooks and plenty of bet types you'll want to familiarize yourself with.

Over/Under: If a sportsbook sets the Over/Under for a game between Dallas and Memphis is set at 200, you wager whether you think the final score will be over or under 200.

Against the spread: If Dallas is listed as the 7.5-point favorite against Detroit, that side must win by 8 points or more to cover the spread. Detroit can cover that spread as the 7.5-point underdog by winning outright or losing by 7 or fewer.

Live-betting: Sportsbooks will adjust certain outcomes within a game so you can wager as it progresses. This would be a great way to wager on Houston during the baseball postseason, because you would be able to place your bets in between innings.

If you're looking for the best values on the board in Texas or elsewhere, be sure to check out SportsLine, which specializes in Vegas picks, DFS advice and season-long fantasy sports projections.

An industry leader, SportsLine.com provides advanced computer modeling, expert picks, news and analysis of all the biggest events in sports. It can help you identify in which games you'll have the biggest statistical advantage. Plus, you'll get access to a team of over 40 experts.

SportsLine provides betting advice across the four major professional sports, college sports, golf, tennis, soccer, combat sports, horse racing, auto racing and more. It's a proven resource to sports bettors around the world. You can sign up here to enjoy all of the sports betting and fantasy sports advice that SportsLine has to offer. Then, use your knowledge to crush Texas online sports betting when it's a reality.

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Sports betting in Texas: When it will be legalized, how to bet online, where to find picks, bonus promos - CBS Sports

Dublin, Oct. 18, 2022 (GLOBE NEWSWIRE) -- The "Global Sports Betting Systems Market Size, Trends And Growth Opportunity, By Platform ,By Sports Type ,By Region and Forecast to 2027." report has been added to ResearchAndMarkets.com's offering.

The Global Sports Betting Market was valued at US$260.5 billion in 2021 and it is expected to reach at US$648.7 billion in 2027 at a CAGR of 11.26% during forecast period 2022-2027.

A form of gambling known as sports betting involves making predictions about sporting events and placing bets on the results. Sports betting is involved in non-athletic events such reality show contests, political elections, and contests involving animals like horses, dogs, and illegal cockfighting. Football, American football, baseball, hockey, basketball, and auto racing are some of the sports that are most often bet on, both by amateur and professional bettors. Bookmakers are often used to place bets. These are businesses that are both online and physically located, like casinos or betting shops.

Market Drivers

The expansion of wireless connection and digital infrastructure are anticipated to fuel the market's rate of expansion. The increasing prevalence of smartphones has influenced consumer behaviour, particularly in terms of sports betting. The way that consumers behave when it comes to sports betting has significantly changed. The market for sports betting will expand during the forecast period due to the growing popularity of social gaming and gambling apps.

Market Restraints

Stringent government regulations imposed on sports are the major market restraints that would slow the growth rate of the sports betting market, along with concern about illegal activities in the industry, which are anticipated to provide obstacles to the market throughout the projected period.

Market Segmentation

The global sports betting market segmented into platform and sport type. On the basis of platform it segmented into online and offline. On the basis of sport type it segmented into football, baseball, basketball, hockey, cricket, tennis, golf, boxing, horse riding, auto racing, and others.

Regional Analysis

The global sports betting market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of revenue throughout the projected period, Europe will dominate the sports betting market. This is a result of the region's growing interest in sports betting. Due to the growing number of individuals who wager on sports events like football, cricket, hockey, and basketball in this region, Asia-Pacific is also expected to have the fastest rate of economic growth.

Key Players

Various key players are listed in this report such as 888 Holdings Plc., Bet 365 Group Ltd., GVC Holding plc., The Stars Group, Paddy Power Betfair plc., William Hill plc., Fortuna Entertainment Group, Betfred Ltd., mybet Holding, Hong Kong Jockey Club.

Key Question Addressed by the Report

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Sports Betting Market Outlook4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Global Sports Betting Market, By Platform5.1 Y-o-Y Growth Comparison, By Platform5.2 Global Sports Betting Market Share Analysis, By Platform5.3 Global Sports Betting Market Size and Forecast, By Platform5.3.1 Online5.3.2 Offline

6 Global Sports Betting Market, By Sport Type6.1 Y-o-Y Growth Comparison, By Sport Type6.2 Global Sports Betting Market Share Analysis, By Sport Type6.3 Global Sports Betting Market Share Analysis, By Sport Type6.3.1 Football6.3.2 Baseball6.3.3 Basketball6.3.4 Hockey6.3.5 Cricket6.3.6 Tennis6.3.7 Golf6.3.8 Boxing6.3.9 Horse Riding6.3.10 Auto Racing

7 Global Sports Betting Market, By Region7.1 Global Sports Betting Market Share Analysis, By Region7.2 Global Sports Betting Market Share Analysis, By Region

8 North America Sports Betting Market Analysis and Forecast (2022-2027)8.1 Introduction8.2 North America Sports Betting Market Share Analysis, By Platform8.3 North America Sports Betting Market Size and Forecast, By Sport Type8.4 North America Sports Betting Market Size and Forecast, By Country8.4.1 U.S8.4.2 Canada8.4.3 Mexico

9 Europe Sports Betting Market Analysis and Forecast (2022-2027)9.1 Introduction9.2 Europe Sports Betting Market Share Analysis, By Platform9.3 Europe Sports Betting Market Size and Forecast, By Sport Type9.4 Europe Sports Betting Market Size and Forecast, By Country9.4.1 Germany9.4.2 France9.4.3 UK9.4.4 Rest of Europe

10 Asia Pacific Sports Betting Market Analysis and Forecast (2022-2027)10.1 Introduction10.2 Asia Pacific Sports Betting Market Size and Forecast, By Platform10.3 Asia Pacific Sports Betting Market Size and Forecast, By Sport Type10.4 Asia Pacific Sports Betting Market Size and Forecast, By Country10.4.1 China10.4.2 Japan10.4.3 India10.4.4. Rest of Asia Pacific

11 Latin America Sports Betting Market Analysis and Forecast (2022-2027)11.1 Introduction11.2 Latin America Sports Betting Market Size and Forecast, By Platform11.3 Latin America Sports Betting Market Size and Forecast, By Sport Type11.4 Latin America Sports Betting Market Size and Forecast, By Country11.4.1 Brazil11.4.2. Rest of Latin America

12 Middle East Sports Betting Market Analysis and Forecast (2022-2027)12.1 Introduction12.2 Middle East Sports Betting Share Analysis, By Platform12.3 Middle East Sports Betting Size and Forecast, By Sport Type12.4 Middle East Sports Betting Market Size and Forecast, By Country12.4.1. Saudi Arabia12.4.2. UAE12.4.3. Egypt12.4.4. Kuwait12.4.5. South Africa

13 Competitive Analysis13.1 Competition Dashboard13.2 Market share Analysis of Top Vendors13.3 Key Development Strategies

14 Company Profiles14.1 888 Holdings Plc.14.1.1 Overview14.1.2 Offerings14.1.3 Key Financials14.1.4 Business Segment & Geographic Overview14.1.5 Key Market Development14.1.6 Key Strategies14.2 Bet 365 Group Ltd.14.2.1 Overview14.2.2 Offerings14.2.3 Key Financials14.2.4 Business Segment & Geographic Overview14.2.5 Key Market Developments14.2.6 Key Strategies14.3 GVC Holding plc.14.3.1 Overview14.3.2 Offerings14.3.3 Key Financials14.3.4 Business Segment & Geographic Overview14.3.5 Key Market Developments14.3.6 Key Strategies14.4 The Stars Group14.4.1 Overview14.4.2 Offerings14.4.3 Key Financials14.4.4 Business Segment & Geographic Overview14.4.5 Key Market Developments14.4.6 Key Strategies14.5 Paddy Power Betfair Plc.14.5.1 Overview14.5.2 Offerings14.5.3 Key Financials14.5.4 Business Segment & Geographic Overview14.5.5 Key Market Developments14.5.6 Key Strategies14.6 William Hill plc.14.1 Overview14.6.2 Offerings14.6.3 Key Financials14.6.4 Business Segment & Geographic Overview14.6.5 Key Market Developments14.6.6 Key Strategies14.7 Fortuna Entertainment Group14.7.1 Overview14.7.2 Offerings14.7.3 Key Financials14.7.4 Business Segment & Geographic Overview14.7.5 Key Market Developments14.7.6 Key Strategies14.8 Betfred Ltd.14.8.1 Overview14.8.2 Offerings14.8.3 Key Financials14.8.4 Business Segment & Geographic Overview14.8.5 Key Market Developments14.8.6 Key Strategies14.9 mybet Holding14.9.1 Overview14.9.2 Offerings14.9.3 Key Financials14.9.4 Business Segment & Geographic Overview14.9.5 Key Market Developments14.9.6 Key Strategies14.10 Hong Kong Jockey Club14.10.1 Overview14.10.2 Offerings14.10.3 Key Financials14.10.4 Business Segment & Geographic Overview14.10.5 Key Market Developments14.10.6 Key Strategies

For more information about this report visit https://www.researchandmarkets.com/r/n50vx6

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The Worldwide Sports Betting Systems Industry is Expected to Reach $648.7 Billion in 2027 - GlobeNewswire

Two brand-new sportsbooks launched in New Jersey at the start of the NFL season. Theyre interesting for a few reasons:

Betting exchanges, Prophet Exchange and Sporttrade, have been trying to launch in New Jersey for more than a year. They finally got live ahead of the 2022 NFL season.

Its been cool to see a startup arms race between two companies with first-time sports betting founders trying to do something very similar, but going about it in a completely different way.

I bet on both exchanges over the last few weeks and explain my first reactions below. Full disclosure, Action Network has an affiliate relationship with Prophet, but not Sporttrade.

First, lets dive into what a betting exchange is.

So what is a betting exchange? Its essentially peer-to-peer wagering, and the house takes a 2% cut on winnings, and nothing on losses. That will lead to massive savings for bettors.

On Thursday Night Football in Week 4 for example, moneylines on Prophet closed at Dolphins +176 and Bengals -180 both the best in New Jersey. Most other books had around -190/+160.

Because you pay 2%, the lines end up being a little worse if your +176 winner cashes, its really more like +173.5.

You can get point spreads at even money, then you pay a 2% commission.

Heres how a $100 moneyline bet looked for Dolphins-Bengals, with the commission included.

*After the commission is taken out

Sounds too good to be true, right? Is there a catch?

Sort of. The perceived hurdle to exchanges working in the U.S. has always been liquidity.

In order to facilitate a peer-to-peer marketplace, there needs to be a buyer and seller on each side of any bet. The house isnt actually taking any action. And in the U.S., the Wire Act prevents bettors in different states from wagering against each other.

So even if Prophet and Sporttrade operated in 30 states each, Indiana bettors could only wager against Indiana bettors, NJ vs. NJ bettors, etc.

So the question becomes if you want to bet $5,000 on Dolphins moneyline, will there be someone on the other side to bet against you? Well find out.

While these products attempt to offer a similar value prop the best prices in the industry they went about achieving it in completely different ways.

They both take 2% commissions on winning bets, but the similarities mostly end there.

Sporttrade is trying to mimic a stock trading environment, not a sports betting environment. They post everything in probabilities out of 100%, and call them contracts. There really arent American odds on the platform.

There are two ways you can think about how Sporttrade does its pricing.

I prefer the first method, because Im rarely betting such specific amounts on a team. Im usually flat-betting $50. Im not going to change my bet size to $58 just to make it even.

The interesting thing about Sporttrades approach is that it doesnt feel anything like sports betting. It feels like day trading, but the things youre trading just happen to be sports.

That was the vision behind the product Sporttrade wants to be the Robinhood of sports betting.

This was initially a pretty big turnoff for me. I dont come from the financial world. I make a handful of stock trades per year and Ive never used Robinhood.

After watching some of their videos and playing around for a few hours, it started to make some more sense. But I almost had to disconnect my sports betting brain.

Normally, my thought process for betting goes like this:

With Sporttrade, I found it harder to equate the best line with what was available. Should I bet the Chiefs at $43, or +125 at WynnBet? (The answer is Sporttrade in this scenario, even after the commission, because the price is about +129).

Id get used to doing the calculations off the top of my head if I use the product enough, but I think this will be a hurdle for many existing bettors. While professional bettors think in implied probabilities, Id venture to guess 98% of existing American bettors are more comfortable with American odds.

Maybe its a plus for day-traders-turned-sports-bettors, but Im not sure how many of those there are.

Prophets approach is totally different. It feels like sports betting. And its app is very minimalist (at least for now), which is totally fine.

The company wants to offer the best price in the market on spreads, moneylines and totals. Thats it. They dont want to be Robinhood, or mimic trading in any way. Its a sports betting product.

This made it much easier for me to understand from the jump.

I liked Florida State moneyline against Clemson, and Prophet had the best price at +152. Done.

1. The User Experience:Its clear that Sporttrade invested a lot into the quality of its mobile app. To be the Robinhood of sports betting, you need to provide a clean, easy-to-use interface that doesnt lag. The app is sleek, it works well, and has some cool designs.

2. The Portfolio View:To be the Robinhood of sports betting, you need to provide a user experience that makes betting seem like investing. Thats what Sporttrade did with its Portfolio tab.

Instead of a pending bets view, it gives you real-time looks into how the prices of your bets are changing.

I made these $5 bets in GuardiansYankees Game 2:

After New York went up 2-0 in the bottom of the first, my positions had gotten worse, except over 6.5. Because the live total was trading higher, it had gone up in value. The others were now less likely than they were pregame.

Then after the Guardians escaped the second inning after putting a few runners on base, I sold my under 8.5 bet at a small loss. Im now down to three bets.

This is especially nice during a busy window of live games, where things are changing so quickly. You can sell your positions rather easily.

After the Guardians came back and won, my portfolio of course went up in value.

Even though the contracts are a bit confusing to me, the live trading experience is cool.

It makes sense when you see your bets gaining and losing value as you watch the game.

3. More Markets: Sporttrade offers a few additional bet types, like golf outrights and title futures like the Super Bowl winner and the NBA title winner.

The cool thing about markets like this is you can take the no side of a longshot future. They call it the sell side.

For example, if I want to bet that the LA Clippers will not win the NBA title, I can sell a contract for $12. That means $88 wins about $12.

That effectively means Im betting -750 that LA wont win it all. You need to have pretty deep pockets to bet these consistently, but its nice to have the option. Almost every other sportsbook makes these one-way markets, allowing them to price them wherever they want with no repercussions.

1. The lines stay the same: Sporttrade posts its own spreads and totals, and then the market moves the vig around it, in line with movement elsewhere in the betting market.

Prophet on the other hand allows you to post your own spreads and totals, though they most likely wont get filled unless theyre the best price available.

For example: the GiantsRavens total was listed at 44.5 earlier in the week at Sporttrade. Other sportsbooks eventually moved to 45 and 45.5.

So bettors move the vig around the total of 44.5 at Sporttrade, to be more in line with what other sportsbooks have done.

That creates the following market:

*Implied odds with commission included

Lets say I want to bet $100 on the over.

I now need to decide if I should bet over 44.5 at about -115.5, over 45 at -108 at WynnBet or over 45.5 at -104 at FanDuel.

I can use the best odds column on our NFL odds page to see which line is better, but its tricky to figure out on your own or if youre in a time crunch before a game (the over 45 at -108 is the best, by the way).

You do need to re-train your brain if you come from a sports betting background.

2. Pricing in contracts: As I just noted, I dont think the sports betting as investing concept is for me. Sporttrade clearly executed on its vision, and if the users they believe are out there are really out there, they will succeed.

Ive had too hard of a time equating contracts to odds. Maybe its easier for someone who has never bet sports or looked at American odds to understand right away.

I could also see this format being preferred for actual investors or market-makers betting big money at these exchanges. But again, I am not that person.

That said, the pricing is strong. Thats the beauty of the exchange model. Every game is going to have an overround of 0.5% to 1.5%. And as long as theres liquidity, Ill keep money on Sporttrade and continue to bet there.

3. Home Teams Are Listed on Top: On every (American) sports scoreboard, or at any sportsbook, the home team is always listed at the bottom in a matchup view. Sporttrades is the opposite, which drives me crazy.

1. The Best Moneyline Prices:On many games in many sports, Prophet will have the best moneyline prices, even after you factor in the 2% commission.

This is the biggest pro or con of either site. With 30+ sportsbooks in NJ, you need Prophet as a major part of your rotation if you care about price. Its a clear differentiator. Sporttrade also has strong pricing, but its not as apparent when comparing it to the rest of the market i.e. is Chiefs at $43 better than Chiefs +130?

The exchange model allows bettors to create such tight overrounds the implied percentages over 100%, which shows you how strong the overall pricing is. (So if you had two lines at +100, each are 50%, and the overround would be 0% because they add up to exactly 100%).

For example, 90 minutes before Yankees vs. Guardians Game 2, this is what the moneylines looked like:

With the commissions baked in after if you win, the prices would be more like -151 and +141, but those are still just about the best-in-market as of 90 minutes before the game.

2. It Feels Like Sports Betting:With how my brain is wired, Id prefer to see things in American odds. I want to find a bet to make, find the best price, and bet it.

Prophet is keeping it simple, and banking on price being its main value driver. Sporttrade is trying to re-imagine sports betting entirely.

1. The Spread & Total Straddles: Prophet may offer +100 on its spreads and totals, but it never actually has the best spread or total number. Let me explain.

All spreads and totals will be half a point off each other. Lets look at a few NFL games for Week 6:

And Giants-Ravens:

So while youre getting even money on these spreads and totals, youre rarely actually getting the best of the number.

This creates a scenario like Sporttrade, where I need to figure out whether or not I should bet Ravens -5.5 at -108, or Ravens -6 at Prophet (+100, but more like -102 with the commission).

Or if I want to take the Giants, do I take +5.5 at Prophet or +6 at -110 at BetMGM? There are plenty of calculators out there to figure it out and our odds pages can do a lot of the heavy lifting.

But unlike with Prophets moneylines, it takes some work to figure out if youre really getting the best number available.

Its not always the worst price available the Devils-Ducks total on Tuesday is listed at 6 and 6.5. So since its even money with a 2% commission, its better than 6.5 at -110 on both sides, which is where the line sits everywhere else.

2. How Commissions Are Displayed: I dont think the commissions are properly displayed or represented in some spots at Prophet.

For example, I bet $60 on the New York Rangers moneyline against the Wild at +128. They won, so I profited $76.80. Then Prophet takes 2% of my winnings, or $1.54.

In my bet history, it says that I won $76.80. I have to go into my Account Statement details to see how much commission was actually taken out.

Sporttrade is a little more straightforward, as they list the potential profit before you even place the bet with the commission taken out.

Prophet does only take 2% of your total winnings on a market so if you bet $100 on the Giants, then $80 on the Ravens, and won $20 total, the commission only comes out of the $20 in winnings. Not the $100 on the Giants.

Sporttrade has a lot of consumer education to do. I spend all day inside sports betting products for a living, and I had a hard time figuring it out at first.

Prophets path is a little more straightforward get enough sports bettors and money on the platform to create a sustainable exchange.

Perhaps Sporttrade will help reinvent and reshape how the sports betting industry thinks and behaves, but I dont believe the broader U.S. market is ready for that yet.

So Prophet is my preferred exchange for now.

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Prophet vs. Sporttrade: Which NJ Betting Exchange Should You Use? - The Action Network

A complex estimation algorithm used by commodities traders to forecast prices and the Federal Reserve Bank to estimate GDP growth has a new application: predicting how an athletes performance could affect a teams odds of winning a game. The Quant Edge, a four-year-old venture started by long-time oil trader Todd Gross and backed by New York soccer legend Shep Messing, thinks venture capitalists will want to buy into the idea to the tune of $10 million.

The math is intricate, but the idea is simple enough: Kalman filtering, an algorithm used in machine learning (ML), takes many pieces of information, including some that are seemingly useless, and finds statistically significant connections among pairs of groupings of data points.

The Quant Edge is a sports betting service where bettors can tweak what they think a players impact will be on a game and get predictions on how that will affect the over/under and which team likely will win. Were using our quantitative analysis in a lot of different ways to bring something to the bettorwere helping quantify what they think, Gross said on a video call.

Gross, who has written chapters in textbooks on commodities trading, came to sports betting after exploring numerous avenues on how to better apply Kalman filtering to financial markets. The sudden opening of the U.S. sports-betting market made him realize the math could be used to predict team and athlete performancea field not burdened with the regulatory oversight of trading. Kalman filtering isnt perfect, but it tends to be more accurate than traditional estimation methods because it finds connections a person may never noticeor which would take months of painstaking work to uncover. Use of ML like this is expanding, finding a foothold in everything from figuring out if some consumers are better credit risks than their FICO score suggests to helping NASA identify distant planets.

The Quant Edge allows bettors, who pay as much as $50 a month for access, to tweak the performance of a select group of playerswill the quarterback have a poor game, an average game or a great game?and see how it should affect their bet. The company offers player-impact predictions for NBA games, too.

Gross says people who use the system regularly have more winning bets than losing ones;The Quant Edges website touts a 65% success rate when using player impact tools effectively. That means dont bet the house on one game, because ML offers probabilities, not certainties. Were fortunate over the past four years in NFL to have really good results, Gross said.

Recently Gross brought on as investors Shep Messing, best known as goalkeeper for the Pele-led New York Cosmos,and sports marketing expert Rob Striar, whose M Style Marketing has worked extensively with the NHL and who recently bought an indoor soccer team with Ronaldinho. The pair bring a sports expertise that Gross believes his group of hedge fund and commodity trading veterans need. The guy who originally wrote the model didnt even know the quarterback threw the football, Gross said.

The trio now have retained Livingston Securities to raise a $10 million venture capital round that Gross says will go toward developing player impact modelling for global soccer players as well as providing more granular options for NFL and NBA players. That means instead of evaluating the odds if James Harden has a poor, average or great game, bettors could choose numerous values along the spectrum.

The addition of soccer would give The Quant Edge offerings in the three most-bet sports in the U.S. and the most-bet sport worldwide. Regardless of the math wizardry, Gross says his broad patent on the player impact concept gives the business a moat to fend off competitors.

Beyond a more robust subscription service, Gross thinks the expansion and merging of sports betting and content could allow The Quant Edge to create related programming too. As sports books go for 24-hour news channels, theyre going to need pieces of relevant content to fill all that time People can quantify whats going on and bet, and the [bettor] banter back and forth can be a really powerful piece of content that is very timely, the executive said. I think we have something very compelling.

Read more from the original source:

Sports Betting Firm Adopts Oil-Trading Tech to Fine-Tune Predictions - Sportico

Its been nearly 18 months since Marylanders legalized online sports betting, and itll likely be another six before they have access to it, according to gaming regulators.

Now the longest delay of any stateto legalize sports betting since the U.S. Supreme Court struck down a ban on the industry, Maryland Lottery and Gaming Director, John Martin,saidhes not surprised its taken this long.

Our law was far more comprehensive than another other jurisdictions, so its really not a fair comparison, Martin said. If we had the same rules as any other state, we most likely would have been up and running by now.

The ballot referendum approved by Maryland voters in November 2020 requires the newly formed Sports Wagering Application Review Commission (SWARC) to study market-inclusion opportunities for minority- and female-owned businesses.

Martins agency is still waiting on that study, which likely wont come until at least summertime. Only then can the Maryland Lottery begin the rules and applications process, which will take even more time.

It took the SWARC half a year to approve the first licenses for retail betting, which is now live at five casinos across the state, with at least four more on the way. Last week the SWARC held a meetingbut declined to give an update on the study.

Martin had targeted Marylands launch in time for the 2022 NFL season, which starts in September. Now, hed be happy if the state could just launch during football season.

A lot has to happen, and I supposed it could, but looking at the track record we have over the last 18 months, it seems unlikelythat it would happen by the start of football season, Martin said. As soon as we get handed the baton, were ready to go out of the blocks.

Maryland has made $1.8 million in four months of retail sports betting, but thats a drop in the bucket compared to whats expected from online betting.

Virginia, its neighbor to the south, has already made $24.6 million in taxes off of sports betting. About 86% of wagers comes from online.

Both states tax gaming revenue at the same 15% rate.

Virginia legalized just six months before Maryland, though it did so through traditional legislation. Marylands route to legalization, as Martin referenced, set it up for a lengthy process.

Maryland legalized via the ballot, as its attorney general suggested gaming changes require a constitutional amendment.

In Maryland, those proposals reacquire 60% approval from both legislative chambers as well as from a simple majority of voters. It also requires codifying legislation afterwards.

It was the same case in Louisiana, where voters approved sports betting in most parishes the same day as Marylanders. Despite technological challenges associated with parish-by-parish legality, Louisiana online market launched in January.

Before Maryland, Tennessee held the title for longest online delay, at 17 months. With regulators now targeting mid-NFL season, Maryland is poised to smash the record.

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Marylands Online Sports Betting Rollout Is Longest Delay in US History - The Action Network

State Sen. Eric Lesser isnt willing to place any bets on when exactly sports betting might finally become legal in Massachusetts.

But the end of the year possibly sometime late into the NFL season could be a safe wager, depending how the Senates formal session plays out Thursday.

The Senate is now poised to hash out a deal on professional sports wagering nearly nine months after the House overwhelmingly passed its own version of the bill. Lesser, whos helmed sports betting dialogue as the Senate chairman of the Joint Committee on Economic Development and Emerging Technologies, said passing a bill would ensure Massachusetts attains a level playing field with neighboring states including Connecticut, New Hampshire and New York where gambling on sports is already legal.

I personally think its time to get this done, Lesser, a Longmeadow Democrat running for lieutenant governor, told MassLive. I dont want to prejudge what happens on Thursday, but weve worked pretty diligently and pretty hard over a long period of time to really build consensus within the Senate. Hopefully thats reflected on Thursday.

But the proposed ban on collegiate sports betting in the Senate bill could be a deal-breaker for some elected leaders, including House Speaker Ron Mariano.

I find myself having a tough time trying to justify going through all of this to not include probably the main driver of betting in the commonwealth, Mariano said during a Bloomberg Baystate Business interview last summer. The House bill would allow wagers on the outcome of college sports contests, but not on the performances of individual college athletes.

If college betting is not allowed, Mariano said, the revenue estimate would drop to between $25 million and $35 million annually.

The thorny provision honors a request from the presidents and athletic directors of the eight Massachusetts colleges and universities that have Division I sports programs. Lesser, in an interview with MassLive, defended the prohibition tied to college athletes, arguing they are not paid or protected through collective bargaining agreements unlike their professional counterparts.

My feeling is lets continue the momentum and moving this forward, Lesser said. And lets get some traction going where we have consensus, which is pro sports.

Senate Majority Leader Cindy Creem told MassLive Tuesday afternoon that she remains uncomfortable with what she sees as a regressive bill that may ultimately hurt the people who can least afford to lose their savings to sports betting. Torn by how to vote, Creem said if an amendment legalizing collegiate sports betting successfully passes, she cannot support the legislation.

Im not a fan of college betting because the universities and colleges have written to us, Creem said.

For his part, Gov. Charlie Baker would support college sports betting depending on the legislations wording.

Ive learned the hard way that saying I support a particular thing without actually seeing it in writing is not always a good idea, but Im certainly open to it, Baker said during an unrelated press conference Wednesday at the Massachusetts State House.

States have adopted varying shades of restrictions on betting on college teams, including outright banning wagering for in-state programs or limiting bans to only teams and not individual players.

But gaming experts say Massachusetts lawmakers should be wary of a burgeoning black market if they do not allow collegiate sports betting.

In a regulated, legal market, everything is tracked and monitored, said Bill Pascrell III, a partner at Princeton Public Affairs Group and trustee at responsible gaming nonprofit Entain Foundation U.S. If youre concerned as a college president or athletic director about bets being placed on your athletics, you should be working very hard to advocate for legislation allowing those bets because the black market doesnt allow you to track it ... Youre not stopping people from betting on in-state college play.

Martin Lycka, Entains senior vice president for American regulatory affairs and responsible gambling, said restrictions on college sports betting are ill-considered decisions that do not enhance the integrity of wagering laws.

I would suggest that as long as its properly supervised, college sports is something that betting should be allowed on of course, within reason, Lycka said.

A string of amendments seek to incorporate collegiate betting into the Senate bill, paving the path to compromise to avoid the legislation floundering in a conference committee among House and Senate leaders. Sen. Adam Gomez, who filed one of the proposals, said Massachusetts runs the risk of leaving money on the table.

Collegiate sports is part of the DNA if we want to kill the black market, Gomez told MassLive.

Boston is also one of the greatest college towns in the country, lamented Daniel Wallach, founder of gaming and sports betting law firm Wallach Legal, LLC.

Aside from black market concerns, Wallach said Massachusetts will keep forfeiting sports betting revenues to surrounding states with no tangible gains in protecting Bay Staters.

The inclusion of a collegiate sports betting ban in Massachusetts will be unlikely to dissuade any person who wishes to bet on collegiate sports and that will come at the cost of channeling activity either out of state or offshore, said Wallach, whos also the co-founding director of the University of New Hampshire School of Laws Sports Wagering and Integrity Program.

It will not effectively prevent the activity, Wallach added. It will simply inconvenience those that wish to bet on collegiate sports but not eradicate it.

Reporting from State House News Service was used in this story.

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Senate poised to debate sports betting legislation but ban on college wagers could be dealbreaker - MassLive.com