Real Time Sports Betting
2021年6月16日Register here: http://gg.gg/v0iqn
In a report on the topic, the analysts at New Street Research laid out a pretty compelling argument for how ISPs will be able to cash in on real-time sports betting by providing high-speed links to. RealTime Fantasy Sports has the best daily fantasy sports (DFS) on the Internet. Assemble your best possible roster today. Compete against others for cash. Prizes paid out daily.
DFS today, RTFS tomorrow?
Acronyms aside, daily fantasy’s rise in popularity is impossible to miss -- but real-time fantasy sports is imminent. If permitted under federal and state law, live prop bets could be coming soon too. And both promise to be second screen experiences that sports fans will likely devour.
While in-game betting is commonplace in Europe, it barely registers in the United States. Likewise, U.S.-style fantasy is just beginning in the United Kingdom, for example. NBA commissioner Adam Silver has mentioned live options as a possibility for basketball, but it has yet to take hold. Dynamic fantasy sports and as-it-happens proposition wagers may be the vehicles for change.
Micro-fantasy, perhaps?
’In-game fantasy sports platforms are certain to gain some traction in the next few years, as the appetite for new games, instant gratification and marketing dollars is so significant right now,’ said Tom Masterman, chief revenue officer for Sportradar US in Minneapolis.
Masterman explained how aspects of Sportradar’s recently inked exclusive deal with the NFL will be activated in ways that transcend gaming too.
’Beginning this season, real-time player tracking will be captured for every player, every play and every game,’ Masterman told ESPN Chalk. ’Broadcasters, portals, fantasy sports and social media are just some of the platforms that will make use of this innovative data.
’By this time next year, we expect new stats like openness, separation/closing speed and route efficiency to enter the vernacular of the average football fan.’
Daily fantasy contests of the type made available by industry titans DraftKings and FanDuel have already given way to real-time offerings by a number of upstarts. Texas holdem poker pc game. These contests commence after the underlying games start. They continue as events unfold on the court, field, pitch or diamond.
’Real-time fantasy is the future,’ explained InGame Fantasy CEO and co-founder Dan Cook during a recent phone interview with ESPN Chalk. ’In our case, it is also the present; the real-time aspect is more engaging.’
The prospect of real-time fantasy has garnered the attention of industry stakeholders outside the U.S. as well.
’There is definitely a potential for fantasy sports to head in the direction of real-time,’ said Mark Locke, CEO of Sport Integrity Monitor, a London-based technology and betting data company. ’The question is how this will be affected by legalized sports betting in the U.S.’
During March 17, 2015, oral arguments in the yet-to-be-decided New Jersey sports betting case, attorney Paul Clement, representing the NCAA, NFL, NBA, NHL and MLB in their lawsuit against Gov. Chris Christie, may have foreshadowed the leagues’ plan in this space.
In the course of questioning from the three-judge panel of the U.S. Court of Appeals for the 3rd Circuit in Philadelphia, Clement repeatedly referred to a low-stakes ’friends and family plan’ as a permissible exemption to the 1992 federal law that has put the freeze on expanded sports wagering options in the U.S.
’When I read the court transcript, his comments resonated with me immediately,’ said Kasim Ahmad, founder and CEO of Cincinnati-based Waygr (pronounced ’wager’), a new exchange-based platform that tracks wagers among participants in real time. ’Clement is foreshadowing where the market is going.’
David Lockton of Winview Games in San Francisco has a view of where the market is moving as well.
’Real-time options blew away DFS in Europe years ago,’ said Lockton. ’All of our offerings are free to play [and] have the same feel as the in-game betting that is so popular in Europe.
’Our version is tournament-based, with sponsor-backed prizes that include various real-time propositions as determined by our experts.’
The fuel for all these fast-acting ventures, whether cash-based, free to play or largely unrelated to gaming altogether, comes from high-quality real-time data. A growing industry of private companies (as well as the sports leagues themselves) brings instant data to fans.
’Breadth of data, speed of data, accuracy of data and presentation of data now lie at the heart of any serious or sophisticated sport platform,’ said Alex Inglot, head of communications for Sportradar AG. ’This applies] whether it is traditional media, social media, second screen applications, mobile or fantasy products.’
The foundation for such applications was laid decades ago.
In 1991 congressional hearings, former NBA commissioner David Stern testified in support of legislation that eventually became the Professional and Amateur Sports Protection Act, the same federal law at issue in the current New Jersey sports gambling case.
’The proposed legislation would also help protect sports leagues’ valuable property rights in their games, scores, statistics and trademarks,’ explained Stern.
The same issues reappeared five years later in a legal case.
’The most valuable economic asset of any professional sports league is live sports competition,’ wrote lawyers for the NFL, NHL and MLB in a 1996 court document obtained by ESPN Chalk.
During the same legal proceeding, lawyers for the NBA provided more details.
’[Our] principal product is the action and excitement of NBA games in progress,’ wrote the NBA’s attorneys. ’Games achieve their greatest value while they are in progress -- that is, in ’real time.’
This exact sentiment is espoused today.
’We’re incredibly protective of our live game rights,’ said NBA commissioner Adam Silver at the MIT Sloan Sports Analytics conference earlier this year.
Technology has now caught up with the legal arguments from the 1990s. The result is engaged fans watching live game telecasts while simultaneously interacting with any number of contests on their smartphones, tablets or laptops. Fully immersed in a DVR-proof second screen experience rarely seen outside of sports, fans become active, not passive, consumers. That is something sports leagues, broadcasters, advertisers and fantasy operators all understand -- in real time.
’The optimal situation for illustrative purposes is the last at-bat situation in baseball,’ said Dan Cook of InGame Fantasy. ’Both the game itself and the fantasy contest are on the line.’
We’ve published multiple pages about “real money” gambling.
Most of these pages distinguish between real money versions of
various casino games and the corresponding free versions of
those games. But when discussing “real money sports betting”,
we don’t really have a “free sports betting” activity with which to
contrast the activity.
Instead, when people talk about real money sports betting,
they’re talking about betting for meaningful amounts of cash.
A lot of times, they’re interested in how to bet on sports online,
but some of them are interested in getting some money into action with a bookmaker. In the United States,
betting on sports presents some interesting legal questions, too.
This page presents a broad overview of how the business works, which sports are most commonly wagered
on, and how the various bets work. The links from within the page go to more detailed pages on specific
subjects.Our List of the Top Real Money Sports Betting Sites for 2021RankGambling SiteDeposit BonusGet Started#1 Up To €150Visit Site#222Bet Sports100% Up To €122Visit Site#3100% Up To €200Visit Site#410Bet Sports100% Up To €50Visit Site#5100% Up To €50Visit SiteSportsbooks and Bookmaking
Many people just make bets on the outcome of a game with their buddies. If your buddy at work wants to bet
you $20 that the Cowboys are going to win Monday night’s game, then that’s a so-called “simple wager”.
That’s not really the kind of sports betting we’re interested in on this page.
When you start putting real (significant amounts of) money into action, you have to find someone who’s
willing to take the other side of that bet. Luckily, some people are in the business of taking this action. Liverpool rummy instructions.Those people are called “bookmakers”, and the
businesses they run are called “books” or “sportsbooks”.
In the United States, placing such a wager over the phone is illegal because of the Wire Act. As a result, the
only legal businesses taking this kind of action operate out of Las Vegas, Nevada. And they don’t accept
action over the phone or the Internet. You have to show up there to place bets.
But anyone who’s spent any length of time in a neighborhood bar knows that plenty of entrepreneurs are
willing to skirt the law in order to take your bets. These are the neighborhood bookies that you see in the
movies. Unless and until their businesses get incredibly large, these neighborhood sports books generally
operate unimpeded by law enforcement.
In other, more enlightened, countries – like the United Kingdo – sports betting as a business is legal and
regulated. We’re fans of this approach. The libertarian in us feels like citizens should be allowed to spend
their money on whatever they want to, even if that includes wagers on sporting events.
Also, when you’re dealing with a licensed and regulated business in the industry, you have certain
protections that aren’t available when you’re dealing with a neighborhood bookie. If you’re reminded of the
dangers of “bathtub gin” and “moonshine” during Prohibition, then you know what we mean.
No one is suggesting that betting on sports or drinking alcohol are the best uses of your time and/or money.
But people are going to bet on sports and/or drink alcohol regardless of the legality. So why not put the
government to work protecting the safety of its citizens?
Regulated distilleries and breweries provide a healthy, safe product for consumers to imbibe. We contend
that the sports betting industry would be safer for individual sports bettors if it were entirely legal and
regulated throughout the United States. At the same time, we don’t think that legalizing and regulating
sports betting is going to be high on any legislators’ agendas any time in the near future.How Odds Work in Sports Betting
When you’re betting with a bookmaker, they need to make sure that they have an opportunity to break even
and make a bit of profit while they’re at it. They can’t do that by just taking action willy-nilly. For example, if
the Dallas Cowboys are playing the Cleveland Browns, all of the bookmaker’s customers are going to bet on
the Cowboys. And most of the time they’re going to win.
In order to get action on both sides of a wager, the bookmakers use odds to make both bets attractive. This
is often in the form of bets which pay off at a higher amount the less likely they are to win. We provide an
overview of the different odds formats below, or you can read in more detail on the following page.American Odds (Moneyline Odds)
In most sports in the United States, “American odds” or “moneyline odds” are used to make wagers attractive.
You can usually bet any amount (with certain minimums) in these situations, but the odds are represented
with the amount of money compared to $100.
*If the odds start with a minus sign, then that’s how much you have to bet in order to win $100
*If the odds start with a plus sign, then that’s how much you win if you bet $100
Here’s an example. If the Cowboys are favorites against the Browns, you might see the odds listed as follows:Match Winner-120+115
So you’d have to risk $120 to win $100 if you bet on the Dallas Cowboys.
You’d only wager $100 on the Browns, but if you won, you’d win $115.
This makes both wagers attractive. On one hand, you have a better chance of winning if you bet on the
Cowboys, but you don’t win as much for your money. On the other hand, you might win fewer bets on the
underdog (Cleveland), but when you do, it’s going to pay off better.
In these situations, a point spread isn’t used.Decimal Odds and Fractional Odds
Not all countries (nor all bookmakers for all bets) use this format to represent the odds. Books in other
countries often use decimal odds and/or fractional odds. These have the same effect, but they’re a different
way of representing how much you stand to win or lose.
We think decimal odds are more intuitive and easier to understand, and we’re not sure why moneyline odds
became so popular in the United States. With decimal odds, you’re just looking at a multiple of how much
you bet. This indicates how much you’ll win.
Here’s an example.Match Winner1.832.15
These are the same odds that we used in our first example, they’re just represented differently. If you bet
$100 on the Dallas Cowboys, you’ll get $183 back — the $100 you bet plus an $83 profit. If you bet $100 on
the Cleveland Browns, you’ll get $215, the original $100 you bet plus $115 in profit.Sports Betting Odds: An Important Consideration
The betting odds never represent the true odds of one team or another winning. All of these bets pay off at
less than the true odds that the handicapper expects. That’s how a bookmaker generates a profit.
If a bookie offered bets at the true odds of winning, he’d break even. In that case, he would have spent all the
time and effort running his business only to make no money. Few people love sports betting enough to do
that.Sportsgrid
Most books are looking to make between 10% and 20% profit. Their goal with these kinds of odds is to get
even money on each side. That way they can pay off the winners with the losers’ money, keeping the
difference as their profit. You can read more about bookmakers and their methods for making money on the
following page.Sports Betting Sharps
“Sharps” are sports bettors who are good enough at handicapping that they can recognize when the
professional handicappers or books have errors in their odds, presenting a profitable situation.
Handicapping sports at such a level is hard, especially considering how sophisticated professional
bookmakers have become.
But knowing how to achieve a positive return when betting real money on sports is the most profitable
advantage gambling opportunity we know of. It’s heads and shoulders above the other possibilities, which
include blackjack (counting cards), poker (expert play), and video poker (again, expert play).Is It Legal to Bet on Sports?
It’s illegal in the United States to run a sports betting business, but some states are exceptions. These include
Delaware, Montana, Nevada, and Oregon. And even in the case of those states, you’re not allowed to place
wagers on sporting events using any kind of telephone or Internet line. That’s what the Federal Wire Act is all
about.
Polls seem to indicate that legalization of sports betting in the United States has limited support. Professional
sports organizations, especially the NFL, contend that legal wagering would corrupt the integrity of the game.
How they come to that conclusion is anybody’s guess, as plenty of illegal wagering seems to have left the
integrity of the games intact.
In other countries, especially in Europe, sports betting businesses are legal and regulated. As we mentioned
earlier, that kind of situation provides a certain amount of protection for the consumer. It’s a lot less likely
for a licensed, regulated corporation to disappear with their winnings after the Super Bowl than it is for
Charlie the local bookie you met through your buddy at the bar in Anytown, USA.
Enforcement activities in the United States are generally restricted to people operating illegal sports betting
businesses, but even in those cases, enforcement is pretty lax. It’s impossible to find accurate statistics
regarding the size of the illegal sports betting industry in the United States, but we’ve seen estimates as high
as $400 billion a year. An estimated $95 billion is wagered on the Super Bowl alone every year.Sports That Are Commonly Bet On
Any sport with an uncertain outcome is a sport that someone can place wagers on. The types of wagers vary
from sport to sport, and some sports generate more action than others.
We’ve included an overview of the sports which generate the most action throughout the world below, along
with a brief explanation of each and how betting on it works.BaseballBetting Line Movement Tracker
Baseball is, of course, the national pastime in the United States. Most baseball bets are made on the
moneyline, total, runline, and/or future. We explain how those bets work in the next section.Basketball
Basketball is hugely popular, both professionally with the NBA and college with the NCAA. The easiest way to
place a bet on basketball is to place a point spread bet, which we explain in the next section. Totals bets and
moneyline bets are also common.Boxing
Boxing has waned in popularity since its glory days. MMA and the UFC are rising in popularity, but boxing isn’t
dead yet. The most common bet on a boxing match is a moneyline bet on who will win, but prop bets on
which round the fight will end in are also common.Cricket
Since we serve a large number of Americans, we’ll explain that cricket is similar to baseball with no intention
of offending our international readers who know what the sport is. The same kinds of bets that are popular for
baseball are also popular when betting on cricket. Most Americans don’t bet on cricket, but Australians (as
well as UK and Canadian bettors) love to bet on this sport.Cycling
Betting on cycling includes betting on such events as the Tour de France. Simple bets on the winner, using
fractional or moneyline odds, are the most common.Darts
In the United States, darts is often considered a “bar game” in the same way that billiards and shuffleboard
are. Wagers among the participants, especially tournaments, are common. But most Americans aren’t placing
bets on darts via a sports book, though. Punters in other countries, do, however. These bets focus on
2 professional organizations devoted to the sport: Sports betting legal states.
*The British Darts Organisation (BDO)
*The Professional Darts Corporation (PDC)Esports
This is a relatively new category of sports betting. E-Sports are competitive events held between players in
various video games. A wide variety of video games are popular in this category, and many of them are played
in a tournament format. The E-Sports available to bet on vary widely depending on which online bookmaker
you’re using.Football
In the United States, football is probably the #1 sport to bet on, especially during the Super Bowl. The NFL
(National Football League) is the professional arm of the sport, while college football (NCAA) is also popular to
bet on. A bewildering variety of bets are available in football,
https://diarynote.indered.space
In a report on the topic, the analysts at New Street Research laid out a pretty compelling argument for how ISPs will be able to cash in on real-time sports betting by providing high-speed links to. RealTime Fantasy Sports has the best daily fantasy sports (DFS) on the Internet. Assemble your best possible roster today. Compete against others for cash. Prizes paid out daily.
DFS today, RTFS tomorrow?
Acronyms aside, daily fantasy’s rise in popularity is impossible to miss -- but real-time fantasy sports is imminent. If permitted under federal and state law, live prop bets could be coming soon too. And both promise to be second screen experiences that sports fans will likely devour.
While in-game betting is commonplace in Europe, it barely registers in the United States. Likewise, U.S.-style fantasy is just beginning in the United Kingdom, for example. NBA commissioner Adam Silver has mentioned live options as a possibility for basketball, but it has yet to take hold. Dynamic fantasy sports and as-it-happens proposition wagers may be the vehicles for change.
Micro-fantasy, perhaps?
’In-game fantasy sports platforms are certain to gain some traction in the next few years, as the appetite for new games, instant gratification and marketing dollars is so significant right now,’ said Tom Masterman, chief revenue officer for Sportradar US in Minneapolis.
Masterman explained how aspects of Sportradar’s recently inked exclusive deal with the NFL will be activated in ways that transcend gaming too.
’Beginning this season, real-time player tracking will be captured for every player, every play and every game,’ Masterman told ESPN Chalk. ’Broadcasters, portals, fantasy sports and social media are just some of the platforms that will make use of this innovative data.
’By this time next year, we expect new stats like openness, separation/closing speed and route efficiency to enter the vernacular of the average football fan.’
Daily fantasy contests of the type made available by industry titans DraftKings and FanDuel have already given way to real-time offerings by a number of upstarts. Texas holdem poker pc game. These contests commence after the underlying games start. They continue as events unfold on the court, field, pitch or diamond.
’Real-time fantasy is the future,’ explained InGame Fantasy CEO and co-founder Dan Cook during a recent phone interview with ESPN Chalk. ’In our case, it is also the present; the real-time aspect is more engaging.’
The prospect of real-time fantasy has garnered the attention of industry stakeholders outside the U.S. as well.
’There is definitely a potential for fantasy sports to head in the direction of real-time,’ said Mark Locke, CEO of Sport Integrity Monitor, a London-based technology and betting data company. ’The question is how this will be affected by legalized sports betting in the U.S.’
During March 17, 2015, oral arguments in the yet-to-be-decided New Jersey sports betting case, attorney Paul Clement, representing the NCAA, NFL, NBA, NHL and MLB in their lawsuit against Gov. Chris Christie, may have foreshadowed the leagues’ plan in this space.
In the course of questioning from the three-judge panel of the U.S. Court of Appeals for the 3rd Circuit in Philadelphia, Clement repeatedly referred to a low-stakes ’friends and family plan’ as a permissible exemption to the 1992 federal law that has put the freeze on expanded sports wagering options in the U.S.
’When I read the court transcript, his comments resonated with me immediately,’ said Kasim Ahmad, founder and CEO of Cincinnati-based Waygr (pronounced ’wager’), a new exchange-based platform that tracks wagers among participants in real time. ’Clement is foreshadowing where the market is going.’
David Lockton of Winview Games in San Francisco has a view of where the market is moving as well.
’Real-time options blew away DFS in Europe years ago,’ said Lockton. ’All of our offerings are free to play [and] have the same feel as the in-game betting that is so popular in Europe.
’Our version is tournament-based, with sponsor-backed prizes that include various real-time propositions as determined by our experts.’
The fuel for all these fast-acting ventures, whether cash-based, free to play or largely unrelated to gaming altogether, comes from high-quality real-time data. A growing industry of private companies (as well as the sports leagues themselves) brings instant data to fans.
’Breadth of data, speed of data, accuracy of data and presentation of data now lie at the heart of any serious or sophisticated sport platform,’ said Alex Inglot, head of communications for Sportradar AG. ’This applies] whether it is traditional media, social media, second screen applications, mobile or fantasy products.’
The foundation for such applications was laid decades ago.
In 1991 congressional hearings, former NBA commissioner David Stern testified in support of legislation that eventually became the Professional and Amateur Sports Protection Act, the same federal law at issue in the current New Jersey sports gambling case.
’The proposed legislation would also help protect sports leagues’ valuable property rights in their games, scores, statistics and trademarks,’ explained Stern.
The same issues reappeared five years later in a legal case.
’The most valuable economic asset of any professional sports league is live sports competition,’ wrote lawyers for the NFL, NHL and MLB in a 1996 court document obtained by ESPN Chalk.
During the same legal proceeding, lawyers for the NBA provided more details.
’[Our] principal product is the action and excitement of NBA games in progress,’ wrote the NBA’s attorneys. ’Games achieve their greatest value while they are in progress -- that is, in ’real time.’
This exact sentiment is espoused today.
’We’re incredibly protective of our live game rights,’ said NBA commissioner Adam Silver at the MIT Sloan Sports Analytics conference earlier this year.
Technology has now caught up with the legal arguments from the 1990s. The result is engaged fans watching live game telecasts while simultaneously interacting with any number of contests on their smartphones, tablets or laptops. Fully immersed in a DVR-proof second screen experience rarely seen outside of sports, fans become active, not passive, consumers. That is something sports leagues, broadcasters, advertisers and fantasy operators all understand -- in real time.
’The optimal situation for illustrative purposes is the last at-bat situation in baseball,’ said Dan Cook of InGame Fantasy. ’Both the game itself and the fantasy contest are on the line.’
We’ve published multiple pages about “real money” gambling.
Most of these pages distinguish between real money versions of
various casino games and the corresponding free versions of
those games. But when discussing “real money sports betting”,
we don’t really have a “free sports betting” activity with which to
contrast the activity.
Instead, when people talk about real money sports betting,
they’re talking about betting for meaningful amounts of cash.
A lot of times, they’re interested in how to bet on sports online,
but some of them are interested in getting some money into action with a bookmaker. In the United States,
betting on sports presents some interesting legal questions, too.
This page presents a broad overview of how the business works, which sports are most commonly wagered
on, and how the various bets work. The links from within the page go to more detailed pages on specific
subjects.Our List of the Top Real Money Sports Betting Sites for 2021RankGambling SiteDeposit BonusGet Started#1 Up To €150Visit Site#222Bet Sports100% Up To €122Visit Site#3100% Up To €200Visit Site#410Bet Sports100% Up To €50Visit Site#5100% Up To €50Visit SiteSportsbooks and Bookmaking
Many people just make bets on the outcome of a game with their buddies. If your buddy at work wants to bet
you $20 that the Cowboys are going to win Monday night’s game, then that’s a so-called “simple wager”.
That’s not really the kind of sports betting we’re interested in on this page.
When you start putting real (significant amounts of) money into action, you have to find someone who’s
willing to take the other side of that bet. Luckily, some people are in the business of taking this action. Liverpool rummy instructions.Those people are called “bookmakers”, and the
businesses they run are called “books” or “sportsbooks”.
In the United States, placing such a wager over the phone is illegal because of the Wire Act. As a result, the
only legal businesses taking this kind of action operate out of Las Vegas, Nevada. And they don’t accept
action over the phone or the Internet. You have to show up there to place bets.
But anyone who’s spent any length of time in a neighborhood bar knows that plenty of entrepreneurs are
willing to skirt the law in order to take your bets. These are the neighborhood bookies that you see in the
movies. Unless and until their businesses get incredibly large, these neighborhood sports books generally
operate unimpeded by law enforcement.
In other, more enlightened, countries – like the United Kingdo – sports betting as a business is legal and
regulated. We’re fans of this approach. The libertarian in us feels like citizens should be allowed to spend
their money on whatever they want to, even if that includes wagers on sporting events.
Also, when you’re dealing with a licensed and regulated business in the industry, you have certain
protections that aren’t available when you’re dealing with a neighborhood bookie. If you’re reminded of the
dangers of “bathtub gin” and “moonshine” during Prohibition, then you know what we mean.
No one is suggesting that betting on sports or drinking alcohol are the best uses of your time and/or money.
But people are going to bet on sports and/or drink alcohol regardless of the legality. So why not put the
government to work protecting the safety of its citizens?
Regulated distilleries and breweries provide a healthy, safe product for consumers to imbibe. We contend
that the sports betting industry would be safer for individual sports bettors if it were entirely legal and
regulated throughout the United States. At the same time, we don’t think that legalizing and regulating
sports betting is going to be high on any legislators’ agendas any time in the near future.How Odds Work in Sports Betting
When you’re betting with a bookmaker, they need to make sure that they have an opportunity to break even
and make a bit of profit while they’re at it. They can’t do that by just taking action willy-nilly. For example, if
the Dallas Cowboys are playing the Cleveland Browns, all of the bookmaker’s customers are going to bet on
the Cowboys. And most of the time they’re going to win.
In order to get action on both sides of a wager, the bookmakers use odds to make both bets attractive. This
is often in the form of bets which pay off at a higher amount the less likely they are to win. We provide an
overview of the different odds formats below, or you can read in more detail on the following page.American Odds (Moneyline Odds)
In most sports in the United States, “American odds” or “moneyline odds” are used to make wagers attractive.
You can usually bet any amount (with certain minimums) in these situations, but the odds are represented
with the amount of money compared to $100.
*If the odds start with a minus sign, then that’s how much you have to bet in order to win $100
*If the odds start with a plus sign, then that’s how much you win if you bet $100
Here’s an example. If the Cowboys are favorites against the Browns, you might see the odds listed as follows:Match Winner-120+115
So you’d have to risk $120 to win $100 if you bet on the Dallas Cowboys.
You’d only wager $100 on the Browns, but if you won, you’d win $115.
This makes both wagers attractive. On one hand, you have a better chance of winning if you bet on the
Cowboys, but you don’t win as much for your money. On the other hand, you might win fewer bets on the
underdog (Cleveland), but when you do, it’s going to pay off better.
In these situations, a point spread isn’t used.Decimal Odds and Fractional Odds
Not all countries (nor all bookmakers for all bets) use this format to represent the odds. Books in other
countries often use decimal odds and/or fractional odds. These have the same effect, but they’re a different
way of representing how much you stand to win or lose.
We think decimal odds are more intuitive and easier to understand, and we’re not sure why moneyline odds
became so popular in the United States. With decimal odds, you’re just looking at a multiple of how much
you bet. This indicates how much you’ll win.
Here’s an example.Match Winner1.832.15
These are the same odds that we used in our first example, they’re just represented differently. If you bet
$100 on the Dallas Cowboys, you’ll get $183 back — the $100 you bet plus an $83 profit. If you bet $100 on
the Cleveland Browns, you’ll get $215, the original $100 you bet plus $115 in profit.Sports Betting Odds: An Important Consideration
The betting odds never represent the true odds of one team or another winning. All of these bets pay off at
less than the true odds that the handicapper expects. That’s how a bookmaker generates a profit.
If a bookie offered bets at the true odds of winning, he’d break even. In that case, he would have spent all the
time and effort running his business only to make no money. Few people love sports betting enough to do
that.Sportsgrid
Most books are looking to make between 10% and 20% profit. Their goal with these kinds of odds is to get
even money on each side. That way they can pay off the winners with the losers’ money, keeping the
difference as their profit. You can read more about bookmakers and their methods for making money on the
following page.Sports Betting Sharps
“Sharps” are sports bettors who are good enough at handicapping that they can recognize when the
professional handicappers or books have errors in their odds, presenting a profitable situation.
Handicapping sports at such a level is hard, especially considering how sophisticated professional
bookmakers have become.
But knowing how to achieve a positive return when betting real money on sports is the most profitable
advantage gambling opportunity we know of. It’s heads and shoulders above the other possibilities, which
include blackjack (counting cards), poker (expert play), and video poker (again, expert play).Is It Legal to Bet on Sports?
It’s illegal in the United States to run a sports betting business, but some states are exceptions. These include
Delaware, Montana, Nevada, and Oregon. And even in the case of those states, you’re not allowed to place
wagers on sporting events using any kind of telephone or Internet line. That’s what the Federal Wire Act is all
about.
Polls seem to indicate that legalization of sports betting in the United States has limited support. Professional
sports organizations, especially the NFL, contend that legal wagering would corrupt the integrity of the game.
How they come to that conclusion is anybody’s guess, as plenty of illegal wagering seems to have left the
integrity of the games intact.
In other countries, especially in Europe, sports betting businesses are legal and regulated. As we mentioned
earlier, that kind of situation provides a certain amount of protection for the consumer. It’s a lot less likely
for a licensed, regulated corporation to disappear with their winnings after the Super Bowl than it is for
Charlie the local bookie you met through your buddy at the bar in Anytown, USA.
Enforcement activities in the United States are generally restricted to people operating illegal sports betting
businesses, but even in those cases, enforcement is pretty lax. It’s impossible to find accurate statistics
regarding the size of the illegal sports betting industry in the United States, but we’ve seen estimates as high
as $400 billion a year. An estimated $95 billion is wagered on the Super Bowl alone every year.Sports That Are Commonly Bet On
Any sport with an uncertain outcome is a sport that someone can place wagers on. The types of wagers vary
from sport to sport, and some sports generate more action than others.
We’ve included an overview of the sports which generate the most action throughout the world below, along
with a brief explanation of each and how betting on it works.BaseballBetting Line Movement Tracker
Baseball is, of course, the national pastime in the United States. Most baseball bets are made on the
moneyline, total, runline, and/or future. We explain how those bets work in the next section.Basketball
Basketball is hugely popular, both professionally with the NBA and college with the NCAA. The easiest way to
place a bet on basketball is to place a point spread bet, which we explain in the next section. Totals bets and
moneyline bets are also common.Boxing
Boxing has waned in popularity since its glory days. MMA and the UFC are rising in popularity, but boxing isn’t
dead yet. The most common bet on a boxing match is a moneyline bet on who will win, but prop bets on
which round the fight will end in are also common.Cricket
Since we serve a large number of Americans, we’ll explain that cricket is similar to baseball with no intention
of offending our international readers who know what the sport is. The same kinds of bets that are popular for
baseball are also popular when betting on cricket. Most Americans don’t bet on cricket, but Australians (as
well as UK and Canadian bettors) love to bet on this sport.Cycling
Betting on cycling includes betting on such events as the Tour de France. Simple bets on the winner, using
fractional or moneyline odds, are the most common.Darts
In the United States, darts is often considered a “bar game” in the same way that billiards and shuffleboard
are. Wagers among the participants, especially tournaments, are common. But most Americans aren’t placing
bets on darts via a sports book, though. Punters in other countries, do, however. These bets focus on
2 professional organizations devoted to the sport: Sports betting legal states.
*The British Darts Organisation (BDO)
*The Professional Darts Corporation (PDC)Esports
This is a relatively new category of sports betting. E-Sports are competitive events held between players in
various video games. A wide variety of video games are popular in this category, and many of them are played
in a tournament format. The E-Sports available to bet on vary widely depending on which online bookmaker
you’re using.Football
In the United States, football is probably the #1 sport to bet on, especially during the Super Bowl. The NFL
(National Football League) is the professional arm of the sport, while college football (NCAA) is also popular to
bet on. A bewildering variety of bets are available in football,
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