Sports betting news
The difference is the vigorish the house wins for accepting the wager. Odds in European sportsbooks are published differently that US books. The decimal odds cannot ever be below 1. In the example, the decimal would show as 1. A point spread is a handicap for an American football or basketball game. Some alternative lines in baseball and hockey use this. In baseball , it is called a run line. In hockey , it is called a puck line.
American Football and basketball games often use point spreads alongside money lines. This gives two ways to make a bet. The point spread shows how many points a team must win by or lose less than by for the ticket to get paid. For example, a favorite that has a Point spreads may be whole numbers or half points. A whole number can tie. When that happens, all tickets push the same way that a player and dealer 20 would in blackjack. Half points eliminate the push possibility.
Most point spreads require a lay using American odds. That same line is published as 1. American football spreads around 3 and 7 may vary from this number. For example, it is common to see a -3 favorite also require a or lay.
This is done because moving a number on or off of three is a major difference in American football. Alternative run line and puck lines will most often be plus or minus 1. This means that the favorite must win by two runs or goals. There is also a money or decimal line tied to the alternative line. If the underdog only loses by one, then that side wins these alternative lines. The side laying 1. That is because winning by two in baseball and hockey is extremely difficult.
A very strong team would have to play a very weak one for the 1. A total is the number of points scored in a match. In boxing , it means the total number of rounds a match goes. The points from both sides count in a total.
There are alternative lines where the points of just one side count towards the number. Totals may push if they are on a whole number. A parlay is when a bettor buys a ticket that wins based on two or more outcomes. This can be money lines, point spreads, totals, alternative lines or a combination of all. Plays that are correlated may not be placed on the same parlay card. For example, a money line bet on one team and taking the point spread on the same game is not permitted.
A total with one of those is typically permitted. The house edge on parlays is well above 10 percent. The more teams that are involved in a parlay, the higher the payout.
Higher payouts also equal a higher house edge. Parlays are typically thought to be sucker bets because of the high juice charged by the sportsbook.
All portions of a parlay ticket must win. Some parlay cards disclose that ties lose. Teasers are available in American football and basketball. A teaser includes two or more outcomes. The bettor receives points in his favor. Football teasers can be 6, 6. Basketball teasers are typically 4, 4. A player that takes two three-point underdogs in a six-point teaser would move the line to nine for those teams. All parts of a teaser must win. A tie typically drops the number of plays on a card down by one.
Some teaser cards force ties to lose. This will be disclosed on the card. Pleasers are reverse teasers. This is where a player gives the house seven points in American football or five points in basketball.
Two or more teams must be taken. For example, a team that is a seven-point favorite in American football would move to a fourteen-point favorite on a pleaser. This puts the player at a massive disadvantage but also gives the player huge payouts if the long shots hit. Futures bets are when a player picks an eventual winner in a field. This may be the winner of a division, league, championship, golf event or tennis tournament.
There is typically just one winner in a futures bet. The house edge on these bets is typically about 15 percent. An in-play wager is when a player bets on an event that is already in progress. A bettor can enter the action during breaks in play, typically television timeouts. Bettors use this to get into action when late to a match or to hedge a bet. A propositional bet, often called a prop for short, is a wager that is exotic. It can also be the number of points scored by a team. For major events like the Super Bowl, it can be as odd as the coin toss, halftime show performance, amount of money bet on the game, or statements made by the announcers.
The house edge of propositional bets is often double or triple that of a straight bet. This is due to the lower volume of action. Elections and entertainment bets are exotic wagers that are similar to futures bets. This is where a bettor picks a winner in a major election or popular reality television show.
Virtual sports betting is a computer generated event with the winner decided by an algorithm. The bettor looking to make a straight bet on single events can see the prices for games on the board or on sheets provided by the sports desk. A bettor should find the three- or four-digit number by the bet and tell that to the ticket writer along with the amount he would like to wager. This process is the same for in-play and futures bets. Parlays, teasers, pleasers and other exotic bets have a different procedure.
There are often cards throughout the sportsbook. These have the list of all the events available to put in a multiple-outcome ticket. The only legal option for US bettors who are interested in participating in online sportsbook wagering is to visit licensed and regulated online sportsbooks that are located outside of the United States.
These sites are operated under the regulatory oversight of a governing jurisdiction which has already legalized online sports betting for their territory, legally allowing them to offer their services to bettors around the world, including those in the United States.
Engaging in sports wagering at these types of sportsbooks which are operating legitimately within the industry is perfectly lawful. While the US does not allow anyone to operate a online sportsbook within US borders, this does not eliminate the option of visiting certified offshore brands. There are no federal laws prohibiting this type of online gambling. You can learn more about these options in our detailed sportsbook reviews. Bovada Sportsbook is the largest and most trusted site who caters exclusively to US players.
Their parent company "Bodog" has been around since the inception of online gambling and they've earned a sterling reputation in that time. Bovada is licensed and regulated in Canada and offer a complete one-stop solution for all your betting needs. Whether you want to bet on sports, horses, poker or even play online casino games for real money, Bovada is the preferred choice for American players.
Bovada understands that each player has a lot of different choices on where to play, so they do a great job saying thank you by offering competitive bonuses and perks to both new and existing players alike. And they pay out winners like clockwork which is why they've grown to be the largest and most trusted site.
The following sportsbooks all accept U. They are also some of the most safe and reputable sites you could choose to bet on sports if you live in the United States. No, online sports betting is not illegal in the United States. As we explain below in our laws section , only offering sports betting as a business is deemed unlawful under US law. With the exception of a handful of states that are exempt from Paspa Law, this is why so many brick and mortar casinos around the US cannot offer sports betting.
So the only viable option for players is to turn to licensed offshore sportsbooks that are regulated in a jurisdiction where online gambling has already been legalized. These sites can accept real money wagers from U. Just like online casino and poker gambling, states must vote in legal sports betting. Several states like New Jersey, West Virginia and Mississippi already passed legislation on legal brick-and-mortar sports betting meaning they should have wagering options for residents by the end of this year.
It is possible that some states choose not to legalize sports gambling options. Licensed offshore sports betting will still be legal regardless of whether or not your state has legal regulated options available unless a state passes legislation explicitly mentioning offshore brands as being illegal.
We will keep this page updated on which states offer locally regulated sports betting options. While the following states haven't passed any laws to legalize sports betting, they also don't have any laws that specifically ban it either with the exception of Washington who makes it a class c felony for engaging in online gambling. Although we don't know of anyone that has actually been charged. So as we explain all throughout our website, players residing in any of the following states can legally bet on sports via an offshore sportsbook.
There are a couple of different federal laws which are being used by the DOJ in their refusal to permit sports betting to those states desiring to legalize it. Many feel that these laws are arguable and are being implemented out of context.
The following information addresses each of these pieces of legislation. The Federal Wire Act prohibits gambling through an electronic means or by phone. When this law was established, bookies were set up by the mob and were running illegal gambling operations in excess. This law was the method by which law enforcement could put an end to these operations.
Many argue that the law was never intended to regulate the future industry options of online gambling or prohibit something that was not even conceived at the time the law was implemented. However, this law is often cited by the DOJ and those opposed to the expansion of sports betting.
The law was passed in and exempted Nevada, Oregon, Montana and Delaware. These 4 states already had some type of sports betting available so they were grandfathered in. All other states had a year to pass legislation that introduced regulated betting, but none did so.
Most states do not have specific laws on the books making betting on sports illegal. A few states such as Washington and Maryland have recently implemented bills to ban online sports betting. However these laws for online sports betting are used to go after owners of sites and not the players. Some sites may choose to block players from these states, but this does not mean betting sports online is illegal in the United States.
It is our opinion that it is legal to use only the most trusted, best sites to place bets on sports , and you will not get in trouble. As stated above, no person has ever been charged with a crime pertaining to using an online service to bet on sports. The laws and regulations set in place are unclear at best for the most part. Even when laws do apply strictly to online sports betting these are used to go after the sites and not the members of said site. Will online sports gambling ever be regulated one day?
Chances are that it will but it will likely be the last of the three major forms of online gaming being discussed these days The short answer is yes, NFL betting is legal in all 50 states. The long answer is far more detailed but the basics can be summed up rather quickly.
State law on the matter is almost non-existent outside of a few states because federal law had supremacy and superseded it. When PASPA existed, states simply relied on that sports betting ban instead of legislating their own corresponding bans.
Therefore, there was no need for state laws. Federal law only deals with the operation of sportsbooks and not the act of placing a bet. So, is NFL betting legal online? Yes, and several states where land-based sports betting is already legal like New Jersey, Delaware, and Mississippi, among others are actively trying to get online NFL betting live by the start of the NFL season. However, for the majority of Americans, the best online football betting sites are outside of U.
The betting age in the United States is not consistent. States have decided that the gambling age should be either 18 or 21, but as far as which states implement which age it's up to the local government. When applying the betting age to online sports betting sites, there are a couple of factors to consider.
The first is that the sportsbook is based offshore. They are not under federal or state jurisdiction. Therefore they have their own age. But many sites will also state that the local gambling age must be met in addition to their age as well. While we state that it is perfectly fine and safe to place sports bets online in the United States , we are not lawyers and suggest that anyone with concerns to contact a legal professional. We are simply avid bettors who follow this industry and have the knowledge most do not.