Sports betting stagnated, the casino in the US lured guests to bet on sharks (Part 1)

When sports activities were disrupted by the Covid-19 pandemic, many bookmakers came up with new tricks to attract customers, such as betting on the speed of sharks’ migration.

On June 17, MyBookie, an online US bookmaker, invited customers to bet on nine white sharks and predict where they will migrate this summer.

The company’s website displays odds ratios based on various aspects of the white shark migration journey. The data was taken from Ocearch, a non-profit organization that tracks the movement of white sharks – endangered species.

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The interactive map on Ocearch’s website tracks the movements of the sharks almost in real time, as they are equipped with navigation devices. Players will rely on this data to bet, everything like a virtual horse race takes place in the ocean.

In the context of most sports tournaments in the US being postponed due to the Covid-19 pandemic, the betting market has also been hit hard in recent months. Betting on sharks can give gamblers a way out of boredom, and some conservationists question whether this will help improve the image of the white shark in people’s eyes.

Chris Fischer, the founder of Ocearch, said he didn’t know the MyBookie bookmaker used his organization’s data to make bets. It was not until he read an article in Forbes about this that Mr. Fischer broke down and asked the bookmaker to stop organizing betting on sharks.

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Mr. Fischer emphasized that, although he believed that MyBookie had made a mistake this time, he did not dare to claim that betting and conservation – the two seemingly unrelated to each other – would not be parallel in the future.

This is not the first time, wildlife has become the subject of gambling. In 2015, the famous British bookmaker William Hill teamed up with the UK ornithology fund to hold a betting deal with 17 cuckoo birds during the spring migration. As part of the event, the dealer donated £ 1,000 to the fund and a William Hill spokesman said the purpose of the competition was to raise awareness about the cuckoo birds.

Another bookmaker also organized a polar fish based on the journey of a skin turtle from Costa Rica to the Galapagos Islands in 2007, according to David Strauss, head of the rafters division of MyBookie.

Important Criteria to Look for When Selecting an NBA Betting Site in the US (part 1)

To give you a better idea of how to select an NBA betting site in the US, in this article, we include the most important criteria to arrive at our conclusions.

Security and Trustworthiness

This is always the top criteria on our lists every time. You must be able to trust the integrity of the site and the security of your money or you won’t want to get within 100 miles of a site. You have to know that the website puts their customers first and provides the proper security measures in advance to protect your wagers and your money.

The internet is a scary place, and unluckily, every single industry has some bad apples. The online gaming industry is not an exception, so you need to make sure that wherever you bet is 1000% secure and on the up and up.

A variety of Bets

Depending on how much and how in depth your betting is, this might or might not be a big deal for you. Some NBA betting sites will provide wagers on over/under bets and who will win the game, but not much more. For the purely recreational bettor who just wants to Keep It Simple Stupid (KISS), this is going to be various. They usually get to bet on who is going to win the game, whether it is going to be a scoring frenzy and that is it.

However, this may be inadequate for more serious bettors. Some NBA betting sites are going to offer these simpler wagers as well as some more complex prop wagers that allow players to bet on much more flexibly. Prop bets are greater since they allow bettors to leverage predictions that might not have a direct outcome on the winner of the game.

The Best NBA Betting Sites in 2020

The NBA (National Basketball Association) is one of the most bet on sports leagues all around the world. Sharp bettors stand to profit millions of dollars if they know enough to only use the best NBA betting sites out there. These sites will offer the safest betting experience, competitive lines, reliable payment and deposit methods, and much more.

One of the great things about using NBA betting sites to place your bets is that if you are knowledgeable and a sharp betting fan, you can make a lot of money betting on the games. In addition, the most popular sports that you will be able to find at these sites is basketball. And of course, when it comes to basketball, the most popular league is the NBA.

The NBA is the most popular basketball league in North America. Featuring the highest paid athletes on the earth and one of largest fan bases on the planet, the NBA has solidified itself at the top of the basketball food chain. With so many games and such a huge and firm following, the NBA betting options are endless, and the opportunities are abounding for those who are looking to earn some money off of their knowledge.

If you are looking to start betting right away, want to know more about our specific recommendations, or have a hot tip for a game tonight, here is our list of the most trusted and highest recommended NBA betting sites:

Best NBA Betting Sites

  • MyBookie: Great welcome bonus of up to $1,000
  • Xbet: Easy to use with very simple betting interface
  • Bovada: Provides many competitive lines for the NBA
  • BetNow: Most reputable site for betting on the NBA
  • BetOnline: Covers all basketball games throughout both the NBA season and playoffs

How do sports betting in the US grow?

Some sports bookmakers have been offering online betting to American sports enthusiasts for over a decade. Their product is well developed and produces a wide range of sports, bet types, along with special offers and promotions.

The main focus in the US is on the Big Four sports: Football, Basketball, Baseball and Hockey. The lines for these sports compete and with a bit of shopping adjacent to you will be able to buy some great value. Teasers, parlays and all-season long bets are offered in addition to the main lines.

US betting sites often have separate sections for horse racing. The frameworks range from a detailed coverage framework of full songs to focus on big events like Cup Breeders’. you will often find promotional deals that are not the same between horse racing and sports betting sites.

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These days, these betting sites are large enough to offer a broad line of sports that are relevant and international. Golf and motorcycle racing are popular. You’ll also find roads for football, tennis and boxing.

Difficult online betting sites together to attract you. To attract new bookmakers, they produce welcome packages that usually include free deposits or bets. Notice how many promotions and distributions are aimed at regular customers. The best sites make an effort to keep their loyal fans happy and also strive to attract new customers.

Although there are numerous trusted and enduring brands abroad, the bettors have paid close attention to the safety and legitimacy of these site operators. There are some simple reviews that anyone can do in a few minutes. This will help you verify that you are sending money at a reputable manager.

The first thing to purchase is a license from a known authority. For US betting sites, including Antigua, Netherlands Antilles and Kahnawake territory. Although the license is not guaranteed, the lack of a license must be a red flag.

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We also recommend sticking to brands with at least five years of service. It is very difficult for a non-paying manager or ethical activist to stay in business for a long time. If there is any problem, daily will display online very quickly. The brands that have taken care of their customers for years and maintain good reputations are the ones to choose.

Finally, you should ensure that regulators have a responsible and universal gambling policy on how to contact their valued producer officials.

Once you have chosen a legitimate US betting site, you will need to make a reservation. Bank recovery can make this more difficult than it used to be. The good news is that you will be able to get your money onboard most of the time with a bit of know-how.

Popular ways to bet on the NBA

Every state where sports betting is legal will take action on the NBA. Some states have limitations on college basketball while some others are nonexistent for the major pro sports in the US.

There are the most popular ways to bet on NBA games:

  • Moneyline Bets on the NBA: Here, you pick a winner. The moneyline will be designated by a negative or positive number. The team with odds that have a negative number is the favorite; the positive number is the underdog.
  • Live Betting: You can bet on any number of things while games are going on, including moneylines, point spreads and props.
  • Point Spread Bets on the NBA: You bet on whether a team will cover a point spread set by the sportsbook. The favorite must win by more than the set number of points, and the underdog must win or lose by less than the spread.
  • Over/Under Bets on the NBA: You bet on the total number of points that will be scored in a game. It is either under or over a total set by the sportsbook.
  • Parlay Bets on the NBA: Parlay betting means linking two or more bets together for an increased payout. You could bet the point spread in multiple games, and get a much larger return on your wager. These are usually much riskier than any of the straight bets above.
  • Proposition Bets: Prop bets are usually of the yes-or-no variety, such as whether LeBron James will score more than 30 points in a game, or if Joel Embiid will have more than 15 rebounds.
  • Futures Bets: You bet on future events, such as the winner of the NBA Finals, or how many games a team will win in the regular season.

To bet on the NBA at US online sportsbooks, you need to have a way to deposit online. Several options are available, depending on where you are, including PayPal, Neteller, e-checks, Play+ cards, and credit and debit cards. The options vary by state and by sportsbooks.

The Sporting Events Have the Biggest Betting Volume in the US (part 2)

March Madness

The NCAA tournament is one of the highlights for sports fans and bettors as well. There are up to 68 teams that battle it out throughout seven single-elimination rounds in one month with the aim of being named national champions.

Figures from the American Gaming Association (AGA) predicted more than $10 billion would be bet on the 2018 NCAA men’s basketball tournament. A mere fraction of that amount (3 percent) was probably bet legally.

But considering that betting is legal in only one state then $300 million total wagers on one sporting event is somehow madness!

Kentucky Derby

The Kentucky Derby is among the most important horse racing events in the United States and is also one of the longest-running sports events in the country. The event happens on the first Saturday of May at the Churchill Downs racetrack in Louisville, Kentucky.

The Run for the Roses (also known as the fastest two minutes in sport) draws a crowd of above 150,000 spectators to the racetrack. This isn’t even mentioning the huge number of home viewers: The 144th Kentucky Derby pulled in 16.2 million viewers on NBC.

Churchill Downs reported record-breaking betting with $209.2 million in wagers over the 14-race card. The main race itself pulled in more than $139.2 million in wagers, breaking the previous record of $137.9 million in 2015.

The Grand National

The Grand National, keeping with the equestrian theme, is Britain’s own horse-racing extravaganza. It is reportedly one of the most challenging horse-races in the world, with two laps of a racetrack which is 4-mile 514 yards (6.907 km) long and consists of 30 jumps.

It is a hugely popular event that is attended by members of the Royal Family, as well as a lot of A-list celebrities. In addition to seasoned horse racing enthusiasts and betting pros, it also draws in upwards of 600 million viewers, making it the world’s most watched TV event.

Online sports betting in the USA during Coronavirus pandemic

The big moment, the many anticipations and hopes of wagering and winning big were lost to the coronavirus pandemic this year. That being said, the gambling and sports betting industry were crucially hit while most of the casinos with sports betting options were shut down.

In fact, a report released by the American Gaming Association indicated that out of the 989 casinos in the USA, around 987 casinos were shut down by the end of April 2020 resulting in unpaid furlough for over 650,000 casino employees.

And during this crucial time when the world of sports is in a state of limbo, the USA sports industry, on the whole, is looking to stay afloat by implementing cost-cutting and unpaid furloughs.

In this bid to conserve the sports capital the previously planned product launches during the major sporting events like MLB, March Madness, etc. are being pushed for later dates.

While the USA sports betting after the Coronavirus pandemic remains to be seen, the online sports betting industry is coming up with creative ways of keeping the sports betting enthusiasts entertained.

How the online sports betting industry is responding during this pandemic?

The online sports betting industry is presently relying on online game providers, the daily fantasy sports industry, and also e-sports or video-game simulations. While sports simulation in online gambling comes as a no surprise, gamblers, and gamers are wagering on these simulated sporting events. In fact, new betting pools are being launched at the online casinos with e-sports.

And, although the daily fantasy sport differs from sports betting, it is considered to be legal in more than 40 US states. As opposed to sports betting, which is legal in close to 17 states in the US, players place bets on sportsmen or athletes where their statistics are computed to choose the bet winners.

The Sporting Events Have the Biggest Betting Volume in the US (part 1)

Sports betting is a big international. The estimated global income for the sports betting industry is about between $700 billion and $1 trillion per year. But what is everyone betting on? Which sporting events take the biggest bucks in the field of sports betting, especially in the US? Let’s take a look at some of the world’s most popular sporting events and discover just how much money is wagered.

The FIFA World Cup

Football (soccer) is the world’s most popular sport, and it makes sense that it pulls in the most money. Each year, it’s estimated that soccer makes up 70% of the above-listed $1 trillion!

The FIFA World Cup is the ultimate tournament in the football calendar, occurring every four years. In spite of a runtime of just one month, the FIFA World Cup offers an enormous amount of betting opportunities.

The competition kicks off with 210 countries participating in the qualifying rounds, then battling it out through different stages to make the final 32. Bettors from around the world are able to place wagers each step of the way. Although there aren’t any official figures as to how much is bet worldwide during the entire tournament, it’s estimated to be more than $260 million.

The Super Bowl

If we focus on the American scene, the National Football League is king. Bets on the NFL make up almost half of all sports bets placed, with the Super Bowl being the single most popular betting event during the sporting year.

The 2018 Super Bowl LII, which saw the Eagles stick it to the Patriots, brought in a record-breaking $158.6 million worth of wagers at Nevada sportsbooks. This staggering figure broke the record of $138.5 million wagered during the Super Bowl LI the previous year.

Of course, these are only the official (legal) figures. According to estimates made by the American Gaming Association, the real total wagered was likely in the region of $4.76 billion.

Impact of Coronavirus on Online Sports Betting in the USA

Since early this year, the COVID-19 pandemic has taken the world by storm. The pandemic has not only affected the typical way of life but also put a standstill to the sports industry with major sporting events including the March Madness stalled.

An Overview on the Online Sports Betting in USA

Online sports betting in USA was legalized in May 2018. New Jersey, Pennsylvania, Colorado, Indiana, Nevada, Iowa, West Virginia, Rhode Island, to name a few are some of the legal online sports betting hotspots in the USA.

Typically, the months of March and April are believed to be the thriving period for online sports betting in the USA with the majority of the live sporting events right from NBA to NFL.

Fans make wise bets on teams and players to win huge bucks. In fact, there is a myriad of sports betting apps and sites where hundreds of sports enthusiasts place bets based on their intuition and insights. Nevertheless, online sports betting in the year 2020 witnessed a huge setback not only in the USA but around the world.

What was the effect of Coronavirus in the online sports betting industry in the USA?

A case study on the impact of coronavirus on sports betting in New Jersey, USA indicated a drop by 58.3% in March 2020 when compared to the same period in 2019.

Moreover, the money wagered in online sports betting during March 2020 was only $187.1 million, which was quite low when compared to $372.4 million in March the previous year.

Similarly, Indiana sportsbook operators witnessed a 60% drop compared to last year with $187 million during March 2020.

Experts predict a loss of close to $43 billion with some of the crucial live sporting events including Major League Baseball, NBL, NHL, etc. were either cancelled or postponed in March.

How To Bet On College Football in the United States (part 2)

Parlay Betting

See a few bets you like and want to combine them? Parlays have you covered.

College football parlays betting allow bettors to combine two or more bets into a single ticket and potentially a bigger payout, but you should remember that losing even one of the selections may result in forfeiting all of the money that you have wagered. You need to hit all of your matches on your bet. Losing only one will result in an overall loss.

In most cases, bettors prefer to parlay several moneyline bets or a single moneyline and an over/under bet on the same match, but there’s nothing to stop you from experimenting with some of the more exotic combinations. Please note that parlays are sometimes referred to as accumulators or multipliers.

Futures

Betting on futures is becoming a more and more popular type of betting. Futures betting allow bettors to earn money on outcomes down the road, like point production, regular-season wins, and a championship game appearance. These bets, like NCAA college football future wagers, these come with great initial odds, however long-term bets take time and can tie up funds till the outcome is decided. If you are a patient gambler, futures is the way to go. If you need an immediate payoff, a different betting strategy might be for you.

Prop Bets

NCAA college football proposition bets are also mentioned as “props.” These types of bets are simply bets that don’t fall into any broad categories. Props betting range from predicting the performance of a specific player throughout the match or more irreverent wagers like the length of the NCAA National Championship halftime show.

Props can be anything as long as whether the bet occurs during a specific game. Sites offer a different selection of props, so it’s always a good idea to take a look at the available prop markets before signing up for any NCAA-friendly sportsbook.