Author: editorhy789

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.

The sports gambling gold rush in America (part 1)

Banned for decades, US betting is coming back. Strolling down the boardwalk in Atlantic City, New Jersey, you will find scant tourists look in vain for its Prohibition-era glory. After dark days following the 2008 recession, the town — its resorts and railroad — has new hope courtesy of the legalisation of sports betting.
There was few boardwalk’s oldest surviving casinos; one of which was the Hard Rock resort’s sportsbook — the US answer to a bookmaker’s shop but with big live sports screens and alcohol on sale — which opened to the public in June last year.

Atlantic City is the frontier city for a new American gold rush. The gambling hub of New Jersey was the first state to legalize sports betting after the US Supreme Court overturned a federal bill banning the practice in May 2018. Every host of European and American operators have since included sportsbooks in its casinos.

US sports such as baseball and football provide a wealth of statistics on which to bet
The mistrust of sport betting is buried deep in the DNA of many US states — a historical attitude that came along with fears of mob violence and corruption in sport. Increasingly stringent legislation was applied during the 20th century as match fixing and other scandals prompted public outcries. The 1992 Professional and Amateur Sports Protection Act outlawed sports betting in all but a handful of scenarios emerged.

The Supreme Court’s decision allowed the emerging of a fresh market, unhampered by the public and media clamour against problem gambling in mature markets in the Europe. Chief executive of major betting company described the opening up of the US as the most exciting development since the advent of online betting. A combination of increasing population size and the passion for sport could make it one of the most lucrative sports betting markets in the world.

How to bet on MMA and UFC odds

Betting on MMA and UFC odds is one of the top growing markets at online sportsbooks and casinos around the world, especially in the United States.

MMA has a strong fan-base that likes to dive into the action, from the marquee cards on the UFC schedule to betting on UFC Fight Night odds as well as the smaller promotions like Bellator and some other international leagues.

The menu for betting on MMA isn’t as broad as the other sports and options will depend on the magnitude of the bout but most UFC betting options feature three betting types.

1. Odds to win

The most popular way to wager on MMA and UFC odds is to bet on which fighter is going to win the bout. Oddsmakers use head-to-head money lines in order to set these markets, which calculate an implied ability for each fighter and later cost to place that bet or set a corresponding money line.

Some sportsbooks provide a three-way line on fighting odds, with a draw match also being a betting option. However, a draw doesn’t occur usually and therefore it carries a higher potential payout than wagering on which fighter will win.

2. Round totals

Another popular option on MMA and UFC betting are Over/Under round totals, which allows you to wager on when the fight will end.

Depending on the style of the fighters involved, the number of rounds scheduled, and the matchup, the odds makers will set an Over/Under total on the expected number of rounds that will be completed. On top of that, depending on the implied probability of the fight getting that round total, odds makers will set a price for both the Over and Under – also known as the vig or juice.

3. Method of victory props

For those who want to earn a larger payout and get more specific with UFC betting picks, you can choose to wager on a fighter’s method of victory. With this type of betting, the fighter you select has to win the bout as well as win through the method you have chosen.

The Most Popular Sport to Bet on in the US (part 2)

It’s also important to distinct the major difference in the amount of games competed in baseball and football. A normal baseball season lasts 180 days with 2,430 matches organized. The NFL season lasts much less and only comprised of 356 games in total. According to a recent survey of NFL fans, only 23% of sports fans claimed to have followed the Super Bowl in its entirety, while only 16% of fans watched the entire World Series.

There is no doubt baseball has an enormous fan base, and is likely the most popular sport in the US just after  football, but basketball is now increasing popular than ever before.

The NBA explosion in the USA

Meet anyone on the street in the US for a name of professional athlete, and there’s a big chance you’ll hear name of an NBA player. Basketball has never been more popular in the US, in fact, many times, NBA finals broke ABC’s rating record for thr most watched sporting event in history.

NBA players 

Star players such as Lebron James and Stephen Curry have become household names. Their rivalry got the sporting world up in fierceful debating over who is better. So how many people are putting money on basketball betting?

Surprisingly, college basketball has generated a massive amount of gambling revenue. During March Madness approximately $2.5 billion is illegally betting by gamblers in the US. It’s unclear how much is spent gambling on the NBA, but likely somewhere in between $10-30 billion range.

It’s common knowledge that football is the king sport in the world. Yes, soccer not American football. What we all in the US call soccer has the biggest fan base in the world, approximately 4 billion, to be exact. Soccer is hugely famous throughout most parts of the world, and has generated the most gambling revenue out of any sport.

The director of Sport betting committee estimated that the total betting industry generates approximately $800 billion per year, 60% of which comes from soccer. The massive increase of internet usage over the past decade has contributed to raise the number of sport gamblers around the world.

What many people don’t know, is that cricket is the second most famous sport in the world. There are an estimated 2 billion cricket fans, many of them originated from India. Field/ ice hockey, tennis, and volleyball are also more famous than any “American” sports, and globally, baseball has far more fan base than American football.

So yes, American football is the most famous sport to bet on in the US, but globally, it cannot compare to soccer. Online gambling is sure to continue increasing, so make sure to stay updated at all time.

Tips to determine whether an MMA betting site is worth your time

If you are looking for a responsible gaming site for MMA betting, consider these following tips to determine whether a betting site is worth your time.

Deposits and Withdrawals

Unluckily, you can’t wager on sports with beans and buttons, and you have to fund your account with real money. But don’t worry! There are MMA betting sites allowing you to use a variety of deposit options, including credit cards (MasterCard, Visa, AMEX), Bitcoin (BTC), Instadebit, and e-wallets (PayPal, Skrill, Neteller). Most of these sites allow you to use the same method to withdraw your money. The time it takes to get your winnings depends on the withdrawal type used, differing from a few seconds to a few days. Only BTC is instantaneous.

Bonuses and Rewards

The great thing about MMA betting sites is that they want to keep their users happy. To do so, they offer something called a Welcome Bonus to match your initial deposit up to a certain amount. For instance, you can add $50 to your bankroll and the betting site will give back you an additional $50 to bet with. You will also usually see rewards such as a free bet if you create a parlay ticket with both an MMA and NFL betting.

Remember to read the fine print before accepting any reward. Each site is different and there are certain stipulations that you must meet before getting access to your rewards.

Customer Service

We surely hope that you will never have to contact client services at your MMA online betting site. However, if there is anything that happens to your account, or if you are having a betting issue, you will want to know that it will be quickly resolved. The sites with customer service measures in place will help you contact them at any time via phone, email, and, live chat in some cases.