Author: editorhy789

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.

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.

America: the sports gambling gold rush (Part 4)

Another potential stumbling block for the gambling companies, lawyers and advisers say, could be opposition from Native Indian interests. Many tribal groups were granted rights to run casinos on their land in “compacts” with state governments in lieu of compensation for poor treatment in the past. Compacts are large multi-year deals that many tribes are loath to renegotiate in case states decide to raise their fees.

The managing director of Gambling Compliance said that the lobbying power of the tribes, could impact sports betting legislation in some of the US’s most populous states, including California and Florida, fearing a loss of their monopolies over gambling.

American sports tend to be long yet profitable. The potential for bets on minutiae such as the speed of a baseball pitch or the number of yards gained in football are endless. The popularity of in-play betting — known as “prop bets” in the US — has grown far quicker than many expected.

But divisions between the sports owners and gambling operators are already becoming apparent. League owners — like the National Football League, National Basketball Association and Major League Baseball — view sports as their intellectual property and are pushing for legislation to set minimum national standards on betting. They argue that they offer the sport and so should join in the proceeds.

Christopher Halpin, chief strategy and growth officer at the NFL, says only the federal government has the power to kill off the current offshore market.

In an ideal scenario the leagues would prefer a legal protection forcing the betting companies to pay them for responsible gaming standards and bans on certain types of bets such as whether a player will get burnout.

The five biggest leagues — for ice hockey, American football, baseball, basketball and soccer — generated total revenues of $40bn last year. Casino operators argue that by offering sports betting they are encouraging even more people to watch games. 

How To Bet On College Football in the United States (part 1)

If you are looking to bet on NCAA football, there are three key options: points spreads, moneylines, and totals. One of the best things about these options is that they aren’t limited to just full games with most sportsbooks offering quarter lines and halftime lines.

Since sports betting has got more mainstream, sports betting sites have started to expand their offerings as futures betting have become commonplace and prop betting has become routine for the college football playoff and bowls games.

Betting on the College Football Point Spread

Point spread betting in college football is great for those who would like to bet on the underdogs when they handicap their favorite team by modifying the overall score. In most cases, this type of betting allows players to profit $100 for each $110 you stake.

Betting on the College Football Moneyline

Betting the moneyline in college football is the most intuitive way of betting real money. In order to cash on an NCAA football moneyline, the only thing you have to is to simply pick the winner. The number of points is irrelevant. The odds for moneyline wagers can be best explained using a $100 basis. While the lines for the underdog teams are marked with an additional sign, the lines for the favorites are always listed with a minus sign.

Betting on NCAA Football Totals

Totals, also over/under bets, are different from point spreads or moneylines, since they require players to predict the combined score of both teams rather than the actual winner. Every over/under bet comes with a total set by the betting site. If you place an over wager, you bet that the combined score of both teams is going to be higher than the total. Conversely, if you place an under wager, you will only win if the combined score is going to lower than the total.

America: the sports gambling gold rush (Part 3)

Not everybody is welcoming the new arrivals. There have been grumblings from local employees in the back rooms of Las Vegas casinos. “There’s a lot of animosity against European bookmakers that think they can come in and know US sports,” says a sportsbook employee in Vegas, who described the market entrants as “arrogant”. Another says that when Sport betting app in New Jersey it did not label football “soccer” or call the NFL “American football”. Changes have since been made.

This month, Flutter announced a £10bn tie-up with Stars Group that would, if allowed by regulators, create the world’s largest online gaming company. The prospect of owning two of the strongest brands in the US market was a major driver of the deal, says Flutter’s Mr Jackson.

Members of the Chicago White Sox baseball team who were accused of deliberately losing the 1919 World Series, one of the biggest betting scandals in US history

But the golden opportunity is complicated by what Mr Blandford, now chairman of marketing company Gambling.com, calls “a spaghetti nest of legislation” as each state sets its own idiosyncratic rules.

Mississippi, for instance, allows mobile betting but limited only within casino grounds. New York allows sports betting activities but limited in only three selected casinos. Tennessee, which has no casinos, will be online only but with an upfront licensing fee of $750,000. In Rhode Island, wariness of betting is such that gambling executives have to answer reams of questions including whether they own a gun or get along with their mother-in-law.

Then there are the varied tax rates across the states, from 6.75 per cent in Iowa to 36 per cent of gross gambling revenues in Pennsylvania.

“The [legislators] have recognised that this is a great opportunity to gain additional revenue for the state coffers,” says Bill Miller, president of the American Gaming Association, from his office near the White House, adding that the thriving offshore market is “a common enemy for all”.

The Most Popular United States Sports Betting

The NFL is far and away the most popular sport to make a bet on in the United States. While baseball may be the America’s pastime, football is surely America’s passion and it shows clearly at the NFL football betting window.

The period of time between the last game of the NBA Finals and the opening of the next season is just under three months. During that time, a sports investor has only an option for betting is Major League Baseball. While wagering on baseball offers a true bettor with a great chance to earn some more money, hockey and baseball are the two least wagered on sports that the United States cover.

With that three month layoff, every bettor from action junkies to sports betting system gamblers are all ready to come back to earning money on sports. Football is the biggest sport to bet on in the United States, with the NFL leading the charge that is followed by college football.

Basketball is the second biggest sport for betting in the United States. The beginning of the basketball season in November gives bettors in the United States as well as from all around the world the chance to have seven full days to make a bet on games, instead of the two full days that football makes available.

On a global level, soccer (or Futbol) is the most favorite sport to wager in the whole world. But soccer does not carry the same cache in the United States. However, since the AccuScore Soccer was created in 2010, we have seen our subscriptions grow month by month when we look to increase the domestic market for simulations on La Liga, Bundesliga, EPL, Serie A, as well as the Knockout Rounds of the Champions League.

America – the sports gambling gold rush (Part 2)

His efforts were boosted by the emergence in the 2010s of daily fantasy sports games in which people choose fantasy teams across various sports but win points based on the real-life performance of the players. For many it was a way to take punts on sport in a legal grey area outside of PASPA’s reach.
DraftKings and FanDuel, the two biggest daily fantasy sports sites, came to the attention of regulators in 2016 after advertising by the two companies caused a backlash. Some asked whether fantasy sports was merely sports betting under a different guise but the companies successfully argued that fantasy sports are games of skill not chance and therefore did not constitute gambling. Their combined customer base of more than 13m players, however, showed that there was an appetite for the betting-like activity they offered.

The sportsbook at Monmouth Park is under the management of William Hill, the UK bookmaker which has had a presence in the US since it bought a Las Vegas counterpart for $50m in 2012. Late on a Saturday afternoon at the tail-end of the racing season, few punters are watching the horses. Yet the sportsbook — where they can bet on everything from basketball to golf — is packed.

FanDuel, bought by Flutter in the same month as the Supreme Court decision, and DraftKings have both launched full-scale sports betting websites and apps in New Jersey. According to figures from the New Jersey Gaming Board, the pair accounted for more than 75 percent of the total sports betting market in August. Total revenue from sports betting that month reach $25 million.

But that market lead is threatened by an influx of experienced European operators, equipped with the technology and keen to diversify away from highly regulated markets such as the UK and Australia. William Hill has worked with the casino group El Dorado to get the results of accessing to 15 states as they legalise. GVC, owner of Ladbrokes Coral, and Stars Group, the Canadian owner of SkyBet, have also done deals with, respectively, casino giant MGM and media company FoxSports, to enter the US.

The Three Best Sports to Start Your Betting Journey in the US

Sports betting has become a popular medium of making an income in many countries, and here in the US, it is catching up.  Because the idea for many is still new, there are things to keep in mind when starting to bet on sports. Particularly, although you can bet on different sports, it is worth starting your betting journey with ones that guarantee safe and better earning opportunities.

Football

One of the most significant advantages of betting on sports in the US is that we have both a professional league and a college one, meaning that the number of overall games goes up exponentially. This leads to more chances of earning from a wise bet. Among all, football is the most-watched sport in the whole country and also the one having the best investments, making it an excellent sport to bet. Bookmakers cover every game, whether it is at a local or national level, and some pundits giving out predictions before the games can help a first-time bettor to have all the information they need to make a winning bet.

Baseball

Since starting to bet can be a little nerve-wracking, it is always a good idea to look at local action with a sport you know most about. Baseball is a sport that Floridians love to play and watch. Therefore, whether betting on MLB games or at the collegiate level, baseball is an excellent option to commence with sports betting. In addition, it is also one of the sports extensively covered in the media, making it easier to choose the best bets and odds on offer.  

Soccer

Soccer is becoming more and more popular amongst sports fans in the whole country with its yearlong good weather. However, there is more money to be made by betting on games taking place in Europe or during the World Cup. One of the world’s most crucial annual soccer tournaments is the Premier League held in England. It is a hotly contested competition where you can make money by predicting everything from who will not play to the overall winner to the total number of goals in a match.

America: the sports gambling gold rush (Part 1)

Estimation the size of this potential market vary wildly. Gambling Compliance, an research firm in gambling industry, values the market at up to $8bn in revenue during the term of 2024. If the American Gaming Association’s $155bn estimation of the illegal sports betting market is accurate, the valuation could be much bigger.

But as with any gold rush, the glut of fortune-seekers makes competition challenging and the depth of the mine is uncertain. European gambling companies last circled the US gambling market more than 15 years ago but had their fingers burnt when several executives being arrested for providing online sports betting into the US from entities bases in the Caribbean.

Mark Blandford, then chief executive of Sportingbet whose chairman Peter Dicks was one of those being captured in 2006, remembers being “totally shocked”. Sportingbet paid US prosecutors $35m to settle the case.

But for newcomers, it seems too good to be true. “It’s a once in a lifetime changing opportunity,” says Jason Robins, chief executive of fantasy sports company DraftKings, which owns the second largest share of sports gambling revenues in New Jersey. 
Since 1990s, Americans who wish to bet on sports in the US have had three options: go to the Las Vegas sportsbooks in Nevada, look for a local bookie in a bar, or bet via offshore websites.

The Supreme Court has fundamentally changed all that. Many in the industry say its 2018 ruling was the wonder work of one man: Dennis Drazin, a New Jersey lawyer who is also head of Monmouth Park racetrack in New Jersey. Looking to increase revenues in the state’s fast-failing horseracing industry, he found out that if Monmouth Park could host a sportsbook, punters would come. Mr Drazin fought a series of legal battles aiming to legalize sports betting in New Jersey on the basis that it should be a decision of the states, rather than the federal government.

Tips for MMA betting (part 1)

Betting on MMA – specifically UFC – is among the fastest growing markets at online sports betting as well as casinos in the US. Here are four tips for MMA betting that you need to know and practice right now.

1. Sizing up styles

The term mixed martial arts means that fighters of various styles and practices bring their best to the cage, which creates some very intriguing match-ups. While some fighters are more upright strikers, preferring to stand and deliver blows, others are skilled in jiu-jitsu and wrestling, and attempt to submit an opponent or take the fight to the mat to ground-and-pound.

One of the best ways to find the value in the MMA betting odds is to look at how these styles matchup and the advantages they provide one fighter over the others are. Like in boxing, stance should be considered when you handicap a fight, which depends on the style of the combatants Southpaw fighters can find themselves at an advantage compared to orthodox fighters since they are not usually used to defending that type of stance.

2. Records and MMA math

When sizing up the UFC betting odds, a fighter’s record is one of the first pieces of data that bettors look at. However, it has also factored into the numbers. Sometimes, records can be deceiving because it is impossible to simply find out the quality of opponents just by looking at the wins and losses.

Bettors usually want to take a deeper look at those results and the news around those wins/losses. A fighter’s defeats might have come in closely-contested bouts against elite-level foes at the same time their opponent migth have built an impressive resume. Those fighters having been tested are usually more prepared and can faster adapt during the course of a fight than those that haven’t be really challenged.