Category Archives: Sports Betting

Wanna bet? Well, put your money where your phone is.

Mobile or online sports bets can be placed in New York beginning Saturday morning, the state Gaming Commission announced Thursday.

That means bettors could place wagers for the last week of regular season games for the National Football League and certainly for the upcoming playoffs and Super Bowl the biggest American sporting event.

The Gaming Commission said four licensed Mobile Sports Wagering Operators Caesars Sportsbook, DraftKings, FanDuel, and Rush Street Interactive have been approved to accept sports bets after 9 a.m. Saturday.

All four operators said they will accept wagers Saturday.

Caesars has bankrolled a TV ad blitz to alert New Yorkers its primed to play mobile sports bookie.

We are excited to finally be able to offer millions of passionate New York sports fans the top rated DraftKings mobile and online Sportsbook, said Jason Robins, CEO, co-founder and chairman of the board, DraftKings.

New York expects $10 billion in sports betting each year, with the nearly $1 billion in expected profits split between the state and the operators.

New York has already received $200 million in license fees from mobile sports operators and the companies have agreed to pay a 51 percent tax on gross revenues a split that far outpaces the take in most states where online sports betting is legal.

Proponents of mobile sports betting said theyre thrilled New York will have the program up and running well before the Super Bowl.

Until now, New York state gamblers could only place wagers at upstate casinos, an inconvenient trek for many downstate residents. Many city residents simply set up mobile accounts and cross the Hudson to place phone bets in neighboring New Jersey.

Finally I can stop biking over the [George Washington Bridge] on Sundays and take a bet over the phone. I know this will make my girlfriend happy, especially when I win. said 28-year-old Matt Lane of the Lower East Side.

But critics worried sports phone betting will create a generation of gambling addicts and destroy lives.

This smells trouble for New Yorkers with addiction issues, I just hope people are careful and dont blow through their weekly paychecks, said Jen Sharpe, 31, a Lower East Side residentwho works in marketing.

DraftKings promised to conduct background checks to screen for people making big wagers to make sure they are not betting above their means.

This is great timing. Its a win for the state of New York, said state Sen. Joseph Addabbo Jr. (D-Queens), chairman of the Racing, Gaming and Wagering Committee.

Mobile sports betting will generate additional revenue for the state including for education and it will create jobs.

He also said there will be $6 million in annual funding for gambling addiction programs.

This is good news. Its definitely good timing. We said we wanted mobile sports betting to start before the Super Bowl. Were ahead of schedule, said Assembly Gaming and Wagering Committee Chairman Gary Pretlow (D-Mount Vernon).

Follow this link:

Mobile sports betting can start in New York on Saturday

What More To Expect From Betting.com

Welcome to Betting.com! Now that you know a little more about us, we thought youd like to know how to take full advantage of everything we offer. Were about to take you on a whirlwind ride through our site highlights the picks and tools that make Betting.com a one-of-a-kind sports betting experience. Whether youre a casual fan looking for expert picks or a seasoned bettor weighing up the odds, we pride ourselves on having something for everyone. On the North American sports scene, you name it, weve got a market for it the NBA and NFL, MLB and NHL, MLS and more.

Even better, Betting.com is your one-stop shop for online sports betting. Say good-bye to the days of jumping between different sites to check for sports betting information. Were here to be your hub for the whole online betting journey.

But before you put your feet up, check out the four points below to get the ball rolling with Betting.com and develop a game plan for using our site. Itll only take a few minutes and we wont be offended if you squeeze it in during a timeout in tonights game!

Getting started is simple. Just click Sign Up in the top right hand corner and follow the instructions.

Once youve got your account, get ready to enjoy a wide range of betting tools, from our bet calculators to our bet tracker to our sportsbook bonus generator.

Wed love to stay in touch, but you call the shots when it comes to receiving emails from Betting.com. Just select the sports where you want us to share previews and updates.

When it comes to creating betting accounts, why not cast the net wide with multiple betting sites? It gives you access to an even larger selection of markets and peace of mind that youre getting the best price in the market.

If youre looking for the best online sports betting on NBA or NFL, for example, one sportsbook may stand out with more markets to engage. Because sportsbooks are competing for customers, youll always have an advantage since youre free to compare odds between them. This will do most of the heavy lifting for you in terms of getting the best potential payout every time you win.

(Remember, registering accounts with multiple sportsbooks should not be considered a pathway to undisciplined wagering or a guarantee of winning bets. It simply puts a sharper spotlight on the best deals available.)

Rest assured that the Betting.com team has carefully vetted and reviewed each of our partnered sportsbooks, making sure the wagering experience meets our high standards. Youll find information on each sportsbook on our site, and our assessments touch on the following features:

Promo Codes

Everyones looking for promo codes and we make a big deal out of only publishing promo codes that are current.

Promotions

Promotions, including free bets and deposit bonuses, are a nice perk. We flag the latest offers so youre always in the know.

Odds and Sports

This is probably where youll spend most of your time on our site. Weve tried to make it as easy as possible to follow.

Mobile Friendly/App

We know that many of you like your online sports betting on the go, which is why we test every sportsbook on mobile devices.

Live Streaming

Like the option of live streaming big games? Our reviews clarify whether a sportsbook offers this feature so there are no surprises.

Customer Service

Looking for help? We check how you can get in touch with each sportsbook and find out how fast they respond to inquiries.

Payment Methods

Please, only use trusted payment methods when you deposit and withdraw money from your sportsbook account.

Licenses

This likely goes without saying, but well say it anyway! We always verify that each sportsbook we review (and partner with) is licensed.

Whether youre booking a hotel, buying a house or leasing a car, it makes sense to shop around for the best deal. Sports betting is no different the secret is to always compare odds between sports books to make sure you get the best possible deal. For instance, take a Sunday night matchup between the Green Bay Packers and Kansas City Chiefs. You can search for that particular game here on Betting.com and compare odds between sportsbooks weve partnered with. Weve even circled the best deals for each outcome of the game to make them easy to spot.

This is where having accounts with multiple betting sites comes in handy. It helps you pounce on the best price for all your winning bets.

Theres no need to fly solo. With Betting.com, you can tap into picks from our team of verified handicappers. Just visit our sports picks page for insights from our handicapper community some picks are provided for free; others require a monthly subscription fee.

Think you can cut it as a handicapper? Step right up.

From your Betting.com account, youve got two options to get involved:

Click on Publish Pick in the top right corner of your screen and search for the event where you want to make a pick. Click on the market for which youd like to share your suggestion. A bet slip will open, and you can add your analyses and click Add Tip.

Click Odds in the top left-hand corner and choose category. Then simply click on any available odds to add your pick just like in the afore mentioned example. Easy-peasy, lemon squeezy.

Our Betting Portfolio allows you to track your bets and picks, while offering handy tools to help you manage your account balance.

Youll even get a handicapper rating! Once youve posted at least 85 picks on Betting.com, well publish your accuracy and make that accuracy percentage available to potential subscribers. The higher your accuracy, the likelier it is that subscribers will follow your suggestions on our site. At that stage, you can really make it worth your while as a handicapper, with the ability to go to your Betting.com account profile, click Become PRO and select a monthly fee for subscribers who want access to your picks. To boost your subscriber count, stay active with your picks and flex your online betting skills.

Excerpt from:

Online Sports Betting In The U.S. Made Easy

Mobile-focused and exclusively online (i.e., no physical sportsbooks), Tennessees sports betting setup is the opposite of what many states have passed in the newly legalizing U.S. market. But Tennessee has imposed a mandatory 10% hold, meaning bettors will be paying more juice on every bet than they would with an offshore sportsbook. The hold structure creates a problem: existing bettors may continue wagering illegally and new bettors may be less drawn into sports betting with reduced payouts.

State officials have reserved the right to revisit these rules after one year of operating. With the economic downturn from COVID-19, however, the state may be more likely to revise its sports betting policy to generate more revenue and expedite its recovery. Five operators are live and approved by the Tennessee Education Lottery Corporation, which is responsible for oversight of online sports gambling in the state. One is a locally owned operator, known as Tennessee Action 24/7, and then five major sportsbooks:

Read our full DraftKings review

DraftKings has been among the sports betting leaders in the U.S. thanks to its existing brand power, DFS user base and massive marketing budget. The Boston-based company has been among the first books in every state, and Tennessee is no different.

App Highlights:

DraftKings has a great selection of NFL player props, is the first book in most U.S. states to post college football lines for the following week, and has among the best mobile apps in the market.

Read our full BetMGM review

MGM is a major casino brand across the country and in Las Vegas, and its BetMGM sports betting brand has started to make waves as a major player in the larger U.S. market.

App Highlights:

MGM offers a straightforward app, competitive sign-up offers and some niche-but-favorable betting rules like ties paid in full for golf finishing position bets. They're the only U.S. book to offer that.

Read our full FanDuel review

Like its DFS counterpart, FanDuel got out to an early lead in the U.S. and has been building upon it. FanDuel recently combined its wallets so you can use the same money for DFS and sports betting.

App Highlights:

FanDuel offers one of the easiest start-to-finish registration and deposit experiences in the sportsbook market. Its biggest downsides are that it can be difficult to find smaller markets like props because they're buried so far in each game.

Read our full Caesars review

Read our full WynnBet review

It's easy to get started sports betting in Tennessee. Here's how:

In sports betting, it's best practice to have accounts at multiple sportsbooks to get the best price on every game you bet on. This is known as "line shopping," and covered on our YouTube channel here. But one step at a time BetMGM is a great book to start with. You can sign up with this link. Click "Register," highlighted below on their site:

Fill out all the required fields for a new sports bettor in the state: full legal name, email address, home address, phone number, and date of birth. BetMGM may ask you for a drivers license or social security number to verify your identity. These questions and details are all standard measures sportsbooks take to protect you.

BetMGM will take you to the deposit screen once youve put in your personal information. Select your payment method, then click deposit.

Our preference is direct deposit via a bank account for speed. This way when you cash out, the money will be accessible in your checking account right away instead of being credited back to a card in a few days.

Heres how to place your first wager. Remember the app or website will geo-locate you to confirm youre actually in Tennessee before youre able to bet.

BetMGM has a smooth mobile experience and user-friendly betting slip.

Congrats! Youve just placed your first legal sports bet in Tennessee.

Whether you're a Knoxville local, a Chattanooga transplant, or just visiting Nashville for the weekend, there's good and bad to Tennessee's online sports betting bill.

Tennessee got two major points right with its bill fully online betting and depositing but limited the benefits of both with mandatory hold pricing. Local bettors should look into line shopping to help even things out across several books.

Some who bet offshore pre-legalization may still consider local, under-the-table Tennessee bookies and offshore websites offering more favorable odds. Additionally, some in-state sports fans may travel to bordering bettor-friendly states instead: tracks or casinos in neighboring West Memphis, Arkansas and Tunica, Mississippi, where sportsbooks offer higher payout rates.

Tennessee may unnecessarily lose money to legal and illegal options alike until the hold is addressed. In the meantime, however, there's still plenty of fun and money for sports bettors to get in on.

Tennessee is officially live with online sports betting.

That's great, as online betting is the only way for states to generate meaningful sports wagering revenue, particularly in the current pandemic, and its the preferred method for bettors.

More than 80% of the betting handle in New Jersey is generated online. Further, New Jersey has amassed $62.6 million in tax revenue over the last 24 months. Its nice to see a state with such loyal college fans have the option to bet on their teams.

With no in-person casinos, Tennessee bettors should be able to register and deposit online with ease. Eliminating in-person sign-ups and deposits is a huge benefit to operators and bettors, who may be more willing to use multiple sportsbooks because of increased convenience and they would be wise to.

Local bettors can sign up from a local sports bar in Memphis in real-time during a game and another from the comfort of their couch at home in Chattanooga.

The 10% mandatory hold could force operators to pass costs onto the consumer. For example, instead of betting an NFL point spread on the Titans at -110, youll be betting at -120 or worse. This could force would-be legal bettors from the legal market back to offshore sites or unlicensed bookmakers, defeating the point of legal wagering.

Legal operators have not had to adjust their lines so far, but it's something that could be a major handicap to the market going forward.

Bettors can wager on college teams in the state such as the Tennessee Volunteers football team or the Vanderbilt baseball team. In some other states, wagering on college teams in the state is prohibited entirely.

Tennessee wont have live betting on college teams, which is unfortunate. Additionally, the requirement for a Tennessee sportsbook to buy official league data to offer any live betting may limit whats available in the Tennessee sports betting market due to cost and availability.

Tennessees sports betting rules and regulations are tough for both bettors and sportsbooks. The state is mandating books generate at least a 10% hold and cap payouts at 90% of a bettors wager, meaning bettors in Tennessee are required to pay a much steeper cut to operators than what you see in other states legally, and certainly steeper than risky, illegal options.

So what is a hold? Its the percentage of money the sportsbook holds onto after all bets have been settled, or simply gross revenue divided by dollars wagered. Nevada and New Jersey, the two most developed sports betting markets in the country, have been between 5-7%. A 10% hold implies -120 or -125 on each side of a standard bet with two outcomes, as opposed to the -110 you see most places. So a typical NFL bet might look like this:

So instead of wagering $110 to win $100 on an NFL point spread, Tennessee bettors will have to wager $125 to win $100. Thats a notable disadvantage, whether they bet the Titans or favor Arizona. Again: For every $100 you bet, youre going to be paying the sportsbook an extra $10 or $15.

Sportsbooks may get to 10% differently, and choose to bury holds into bet types where its more difficult to calculate the hold with the naked eye. Here are some other downstream effects you might see at a Tennessee online sportsbook.

With all these downsides, why would Tennessee opt for this plan? As a method to secure tax revenue. Evan Davis, managing director at SeventySixCapital Sports Advisory, explains:

"The state imposes a 20% tax on sportsbook operators gross gaming revenues, meaning that if a sportsbook operator doesnt make money on the bets that it takes, neither does the state."

This way, sportsbooks are required to achieve a minimum return on bets.

The revenue generated from Tennessee's gaming revenue tax is to be allocated as follows: 40% for general appropriations by the general assembly; 30% to local colleges; and 30% to each local government for their school system and infrastructure projects. While these allocations have direct community benefits, some disagreement within the Tennessee lottery itself about whether or not a mandatory hold is the right policy move emerged.

Tennessee Lottery President and CEO Rebecca Hargrove said the cap would guarantee taxable revenue for the state, and create an equal playing field for smaller players so that bigger books cant operate at a loss to scoop up market share (which theyve been doing in other legal states).

The Lotterys Sports Betting Director at the time, Jennifer Roberts, wanted no cap so the state can be fully competitive with the illegal market. At the end of June 2020, Jennifer Roberts left Tennesses lottery with less than one year of tenure.

The departure of a highly qualified gambling executive brought on to launch sports betting isnt exactly a vote of confidence in the states plan.

New to sports betting? Check out our educational resource hub so you can get started placing informed bets, whether you want to bet on the Tennessee Titans or Nashville Predators.

The sports betting lexicon is vast and sometimes confusing, especially to new bettors. Check out our sports betting glossary to get up to speed with every term you might need to know.

Betting on your favorite teams like the Tennessee Titans or Memphis Grizzlies might seem like a no-brainer, but you need to be responsible if you're going to sustain in the sports betting world.

Here are some sports betting mistakes to avoid.

Although states don't need their own professional team to have a strong sport-specific market, it certainly can help momentum and engagement! Because of legal mobile betting, Tennessee bettors can attend pro games and bet and monitor in real-time when watching their favorite teams.

Tennessee has three pro teams housed in the immediate downtown Nashville area that attracts sports bettor attention.

Official Tennessee Titans Website | Roster | Schedule | Titans Odds

The Tennessee Titans have had success on the gridiron in recent years, including making a run to the AFC Championship Game in the 2020 playoffs. The Titans have been successful under coach Mike Vrabel, quarterback Ryan Tannehill and running back Derrick Henry and look like playoff contenders again in 2021.

The Titans call Nissan Stadium home, a modern stadium equipped with nearly 70,000 seats and even party suites. Tennessee's NFL Sports betting market is poised for a strong open. Need friends to bet with? The Titans have a highly engaged fan base. Join the discussion on the GoTitans forum.

Read here about the state's first-ever sports betting partnership between the Titans and BetMGM that was announced on Sept. 28, 2020.

Official Memphis Grizzlies Website | Roster | Schedule | Grizzlies Odds

The Memphis Grizzlies are one of the most exciting young teams in the NBA. The Grizzlies are led by Rookie of the Year Ja Morant and fellow All-Rookie First Team Brandon Clarke, along with breakout big man Jaren Jackson Jr. Memphis overachieved in the 2019-20 season and qualified for the play-in game before falling to the Portland Trail Blazers.

The Grizzlies made the playoffs seven times last decade with their Grit and Grind style, advancing to the Western Conference Finals for the first time in 2013. They play at FedExForum in downtown Memphis in the heart of the city's Beale Street Entertainment District.

Recommended resource to help you bet smartly on basketball in Tennessee:

Official Nashville Predators Website | Roster | Schedule

The Nashville Predators play downtown at Bridgestone Arena. The Preds were an expansion team in 1998. They made the playoffs for the first time in 2004 and advanced to their first Stanley Cup Finals in 2017 but lost to the Pittsburgh Penguins in six games. The following season, Nashville won its first Presidents' Trophy, given to the team with the best record in the regular season. The Predators have a rabid local fan base that loves to throw a catfish onto the home ice in support of the Preds.

Recommended resource to help you bet smartly on hockey in Tennessee:

Official Nashville SC Website | Roster | Schedule

Nashville SC are in their first-ever season in the MLS after moving over from the USL. As an expansion team, Nashville SC currently shares Nissan Stadium with the Tennessee Titans (NFL). However, they have plans for an independent stadium come 2022 due to soccer's increasing popularity.

Recommended resource to help you bet smartly on hockey in Tennessee:

Tennessees orange-blooded Vols fans have a history of rivalries, some more notorious than others. We expect big college bets to be placed on these games now that sports betting is legal! Learn more about these high-stakes games and sporting traditions for Tennessee.

Official Tennessee Volunteers Website | Schedule | Roster |Volunteers Odds

It's been over two decades since the glory years of Peyton Manning and Tee Martin, and most of today's Vols were not even born yet when the team last won a national championship in 1998. That was also the last time Tennessee won its conference, the always competitive SEC. Still, the Volunteers have won 16 conference championships over the years, 13 in the SEC, and have a long, proud football history with 52 bowl appearances and 28 bowl victories, both of which are top-six all-time.

But 1998 wasn't Tennessee's only national title. In fact, the Volunteers claim six national championships, with the others coming between 1938 and 1967. The orange and white seek a return to prominence under new coach Josh Heupel. The Vols play their home games at Neyland Stadium in Knoxville, the nation's fifth-largest stadium. If you're able to bet and attend a game in person this year, be sure to check the latest conference COVID-19 safety guidelines to prepare.

Official Vanderbilt Commodores Website | Schedule | Roster |Commodores Odds

The Commodores play in the Southeastern Conference (SEC), so it's an uphill battle each fall, but Vanderbilt is up to the task. The program is on its way up, with five of their nine bowl appearances coming in the past decade alone. Vanderbilt is 4-4-1 in its bowls and is led by new coach Clark Lea. The Dores do have two unclaimed national titles from a century ago in back-to-back unbeaten seasons in 1921-22.

Vanderbilt has played in a bowl game five times over the past decade, winning the Music City Bowl and the BBVA Compass Bowl. The Commodores play their home games at Vanderbilt Stadium in Nashville.

Official Memphis Tigers Website | Schedule | Roster |Tigers Odds

The Tigers play in the American Athletic Conference (AAC) and won the conference championship in 2019. That was Memphis's eighth conference title. The Tigers have appeared in 13 bowl games, winning five of them. Their greatest bowl appearance came in January 2020 when the Tigers faced Penn State in the Cotton Bowl, with Memphis coming up short in a 53-39 loss. Ryan Silverfield coaches Memphis. The Tigers play their home games at the Liberty Bowl Memorial Stadium in Memphis.

Recommended resources to help you bet smartly on college football in Tennessee:

Official Tennessee Volunteers Website | Schedule | Roster | Volunteers Odds

The Volunteer basketball program has seen a rise to national prominence over the past couple of decades, first under coach Bruce Pearl and, since 2015, under Rick Barnes. In 2019, the Vols were a March Madness No. 2 seed for the third time in the past 15 years, but the program is still waiting for its first Final Four appearance in school history.

The Tennessee program has a long and storied history, featuring players like Bernard King and Allan Houston, and won its first SEC regular-season title in a decade in 2018. The Volunteers compete in the SEC, where they have the third-most wins all time. The Volunteers play their home games at Thompson-Boling Arena on campus in Knoxville.

Official Vanderbilt Commodores Website | Schedule | Roster | Commodores Odds

Vanderbilt plays its home basketball games on the recognizable elevated stage of Memorial Gymnasium in Nashville. The Commodores have three SEC regular-season titles and two SEC Tournament championships, most recently in 2012. Vanderbilt has played in 15 NCAA tournaments with six Sweet Sixteen appearances but has yet to make it to the Final Four. Dores fans hope that will change soon under third-year head coach and former NBA star, Jerry Stackhouse.

Official Memphis Tigers Website | Schedule | Roster | Tigers Odds

The Tigers have established themselves as one of the nation's marquee men's college basketball programs. Now playing in the American Athletic Conference (AAC), Memphis has played in 11 Sweet Sixteens and three Final Fours. Their most recent Final Four appearance came in 2008 when Derrick Rose led the team to the national championship game before falling in overtime.

Tigers legend Penny Hardaway is the Memphis coach now and has already brought in some of the nation's elite recruits. The Tigers are so popular that the team typically doesn't even play its home games at the Elma Roane Fieldhouse on campus. Instead, they usually play at FedExForum, home of the Memphis Grizzlies.

Official Belmont Bruins Website | Schedule | Roster | Bruins Odds

Belmont basketball has become synonymous with Cinderella over the past two decades. Belmont won its conference in 12 of the past 16 seasons, most of them under legendary head coach Rick Byrd. The Bruins secured their first-ever March Madness win in Byrd's final season before he retired. Casey Alexander is the new coach now, and Belmont plays in the Ohio Valley Conference (OVC). The Bruins have eight NCAA Tournament appearances this century.

Official Tennessee Lady Volunteers Website | Schedule | Roster

The Lady Vols have long been one of the premier programs in women's college basketball. The late great Pate Summitt led Tennessee from 1974 through 2012; still, the all-time leader in women's college hoops with 1,098 career wins. The Lady Vols ranks second all-time with 18 Final Four appearances and eight national championships, all of them under Summitt.

Tennessee will forge forward under second-year coach Kellie Harper, a three-time champion for the Lady Vols in the 90s. Tennessee plays its home games at the Thompson-Boling Arena on campus in Knoxville, nicknamed "the Summitt" in honor of their legendary former coach.

Continued here:

Tennessee Sports Betting 2022 | Legal TN Sportsbook Apps

MIAMI (CBSMiami) The Super Bowl is just days away and while the Rams and Bengals are hard at work preparing, so are many football fans, as record numbers are expected to place legal bets on the big game.

A record 31.4 million Americans are expected to have money on the line worth more than 7.6 billion dollars.

(Source: CBSNews)

The majority of bets will be legal now that sports wagering is open for business in 30 states and Washington, DC. Companies like Draft King and FanDuel make it simple for fans to open accounts and place bets right on their phones.

Bill Miller from the American Gaming Association says legal sports gambling protects fans and the integrity of the games.

What we are really seeing the growth is among bettors who used to bet through illegal options and are now migrating to the legal marketplace, explained Miller.

Most wagers are online, but fans in some places can also make bets in casino style locations where they can watch multiple games at a time.

But experts say betting online has advantages.

If you do your sports betting via digital, it is easier to track what you spend. It is easier for you as a consumer to better understand you are sticking to your budget, said Miller.

So, who are fans betting to win?

Research at the American Gaming Association shows 55 percent of wagers are going to the Rams and 45 percent to the Bengals.

Read more:

Gambling On The Super Bowl Increases With Legal Online Sports Betting - CBS Miami

STATEN ISLAND, N.Y. -- Looking to win some big money now that New York has legalized sports betting?

One of the best ways to turn smaller bets into larger winnings is to bet on parlays, but be warned, theyre much less likely to hit than a straight bet.

Want to bet on the Super Bowl?

Check out these betting sites

But what exactly is a parlay? And how do they work?

A parlay is when a bettor ties together multiple wagers on one bet in order to increase the potential payout. However, all parts of the parlay, sometimes referred to as legs, must hit for the bet to payout. If even one leg of the parlay loses, the entire parlay loses.

Lets look at a hypothetical example.

Say you place a $100 bet on a three-team NBA parlay consisting of the Nets (-125), Knicks (+250) and Lakers (-175).

If all three teams win, this $100 parlay would payout $890 in winnings. However, if even one of the three teams loses, the bettor wins nothing.

Many sports betting sites also offer same-game parlays, which allow bettors to wager on multiple things to happen within one game. Often times these types of parlays include player prop bets, in addition to choosing the winner of the game.

Heres another hypothetical example.

If youre confident that not only will the Knicks win, but RJ Barrett will have a big night, you can bet the Knicks to win (+250), Barrett to score 20+ points (-170) and Barrett to record 6+ rebounds (-110).

A $100 wager on that parlay would payout $961 if the Knicks win the game and Barrett records at least 20 points and 6 rebounds. If even one of those three things dont hit, the better wins nothing.

The more legs you add to your parlay, the higher the payout will be.

Here are places you can sign up to bet on the game:

Draft Kings, FanDuel and BetRivers

But just remember, the bigger the parlay, the less likely it is to hit.

So while it can be tempting to put together 10-leg parlays with massive payouts, dont expect to hit on them all that often.

Note: Online/mobile sports betting is now legal in New York state, but wagers on in-state college teams, such as St. Johns and Wagner College, are still prohibited for both home and road games even if played in another state.

If you or a loved one has questions or needs to talk to a professional about gambling, call 1-800-GAMBLER or visit 1800gambler.net for more information.

Read the original here:

NYC sports betting: Whats a parlay? How do they work? - SILive.com

The agreement, which will lead to a 3,000-square-foot gambling lounge inside Rocket Mortgage FieldHouse, comes on the heels of Ohio legalizing sports betting.

CLEVELAND *EDITOR'S NOTE: The above video is from a previous story.

Even with Ohio Gov. Mike DeWine signing a bill to legalize sports gambling in the state, a lot remains unknown about what it will look like. After all, wagering doesn't even have to be available to citizens until 2023.

But whenever Ohioans can start placing bets on games, we now know they will be able to do so at one of Cleveland's most high-profile locations.

The Cavaliers on Tuesday announced an agreement to make Fubo Sportsbook "Official Mobile Sports Betting Partner of the team." Under the terms of the deal, a 3,000-square-foot gambling lounge will be coming to Rocket Mortgage FieldHouse, where fans will be able to watch and wager on games from around the NBA.

Cavs CEO Len Komoroski released the following statement:

"This is an exciting evolution of our continued partnership with Fubo Gaming. The Fubo Sportsbook mobile wagering platform provides leading technology, connectivity and entertainment that aligns perfectly with our commitment to innovation and engagement across every aspect of the fan experience. We look forward to the continued collaboration with Fubo as we work to establish a best-in-class sports betting marketplace to offer our fans in Cleveland and throughout the state of Ohio."

The Ohio General Assembly overwhelmingly passed House Bill 29 in December before DeWine signed it into law, marking the end of a long and at times messy process to finally bring legal sports gambling to the Buckeye State. While concerns have remained regarding just who will be able to take bets and make the most money, casinos and sports entities have already been preparing for the still-to-be-determined launch date.

Based in Chicago, Fubo Gaming launched its sportsbook app in 2021 and it is now live in Iowa and Arizona. The platform allows users to not only place bets, but go interactive with a livestreaming experience.

Fubo Gaming President Scott Butera said:

"The opportunity to enter the Ohio sports betting market with the Cavaliers as our partner is a major step forward for Fubo. Ohio has a passionate fan base who will enjoy Fubos uniquely integrated streaming and wagering sports betting experience. The Cavs are at the forefront of sports innovation and consistently create highly engaging fan experiences. This partnership provides Fubo instant access to a highly attractive customer base."

Neither Fubo nor the Cavaliers gave any indication as to when the app will officially launch in Ohio. Regardless, it almost certainly won't be available by Feb. 20, when Rocket Mortgage FieldHouse is set to host the NBA All-Star Game.

Here is the original post:

Fubo Sportsbook to become 'Official Mobile Sports Betting Partner' of Cleveland Cavaliers - WKYC.com

Mobile sports betting went live in 55 of Louisianas 64 parishes the equivalent to counties in most other states on Jan. 28.

So what about the other nine?

While sports betting is legal in Louisiana, the voters of each parish were permitted to decide whether they wanted such wagering to take place within their borders. And after ballots were counted, nine parishes Caldwell, Catahoula, Franklin, Jackson, LaSalle, Sabine, Union, West Carroll, and Winn in the northern half of the state opted out.

But why?

Any course on Louisiana politics is going to start with an explanation of why South Louisiana is different than North Louisiana, explained Jeremy Alford, editor and publisher of the Baton Rouge-based LaPolitics Weekly. You have a very strong Baptist and Protestant presence in North Louisiana. Its always been a touch more conservative and religious. Anyone whos been following Louisiana politics probably wasnt surprised when they opted out of sports betting. These are the same parishes that opted out of video poker in the 1990s.

Dr. Ed Chervenak, a political scientist at the University of New Orleans, effectively concurs.

When you look at Louisiana, you have to break it up into three regions, he told Sports Handle. You have the southeast region, anchored by New Orleans. Then out west you have Acadiana, anchored by Lafayette. Then you have Northern Louisiana. Its white, Christian conservative. The religiosity just plays a bigger role in Northern Louisiana than it does elsewhere.

I spent two months up in West Monroe when I was evacuated for Katrina, and it was just very different up there. The first question they ask is, What church do you belong to?'

The church of football, at least for some. The launch of sports betting was gangbusters for the state, especially in and around New Orleans, perhaps Americas most permissive municipality outside of Las Vegas.

But northerners did their part as well, and a peculiar bit of GeoComply tracking data seems to indicate that more than a few residents of the no-bet nine have gotten in on the action by getting into their cars and driving to the parishes of Ouachita and Lincoln, where they can legally wager on their phones.

Theres a stretch of Interstate 20 in the north central part of Louisiana that runs through Monroe and Ruston. These towns arent in the parishes that opted out of sports betting, but theyre tucked in neatly amidst the no-bet nine.

According to GeoComply, which tracks mobile betting transactions in much of North America, about 1.7% of Louisianas population resides near this stretch of I-20. (This is factoring in some 10,000 college students at Grambling State and Louisiana-Monroe who may or may not count toward the states population total.) But between Jan. 28 and the morning of Feb. 8, that stretch accounted for 3.6% of the states mobile sports betting transactions and 3.5% of its unique count of user IDs.

There is some traffic there that I dont think is organic, said Danny DiRienzo, GeoComplys senior director of government relations. Youre looking at about double what you could expect from organic traffic if youre just looking at the population of those areas.

Summing up this sliver of the state, which he called a bit of a heat map, DiRienzo added, Thats a fair amount of geolocation traffic in a not-so-populated area.

Briefly leaving a state where its illegal to bet to get action down in one where sports wagering is allowed is nothing new in the United States. But Louisianas parish-by-parish patchwork makes it a wholly unique crustacean. And judging from GeoComplys data, theres a fair amount of intrastate border-crossing occurring on the interstate, where folks just want to get a bet down and head to church.

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Sports Betting Banned In Nine Louisiana Parishes, But Bettors Find A Way - Sports Handle

In November, I went to the most unpleasant event Ive ever attended, located in a warehouse-like bar in downtown Manhattan and devoted entirely to the subject of NFTs. It was hosted by Gary Vaynerchuk, better known as Gary Vee, the motivational speaker-slash-entrepreneur-slash-influencer whom my boyfriend was profiling for another publication. The crowd primarily consisted of hordes of men, who were not wholly unpleasant themselves but who spoke a language so impenetrable to outsiders that being around them made me feel as though Id missed something major.

They seemed to work in tech or finance, mostly, and had come to connect with others over the thing they loved most in the world, the wild force driving the feeding frenzy of people storming the bouncer to get inside: money, and making it as quickly as possible. The events attendees were at the extreme end, of course, but their language has started trickling into the mainstream as well. If Instagram made everyone a photographer and Twitter made everyone a writer, perhaps whatever the internet has done to the traditional banking system is in the process of turning us all into finance bros.

There has never been a more opportune time to have money as a hobby. Options trading, once the provenance of professional financiers, has soared with the rise of stock trading platforms like Robinhood, which makes it extraordinarily easy to buy and sell individual stocks. Stories of artists making hundreds of thousands on NFTs of their work and of cryptocurrency enthusiasts making bank buying and selling them have abounded over the past year. A wave of legalization of online sports betting has swept the country, and with it, lucrative promotions for first-time gamblers that offer what is essentially free money. Not only did the pandemic create a mass of people who were bored and restless, it also created some people with enough financial privilege to try something a little risky with their $1,400 stimulus check.

The gamification of money, and the blurring boundaries between what constitutes investing and what constitutes entertainment, have raised plenty of concerns, and many argue that the government is too far behind the times to adequately address it. Gambling went from being something that was super taboo to being easier than ordering food on Uber Eats, says Josh Clayton, a 29-year-old copywriter in Brooklyn. You watch a sports game and every commercial is an ad for sports betting.

Josh started sports betting thanks to the massive deal that Caesars, one of the largest online sportsbooks, was offering new users: a free $300 to bet just for signing up, plus a match of up to $3,000. He put in $50 of his own money but cashed out with around $800. A lot of sports fans love to talk about their teams and pretend that theyd be a better head coach than the guy who is eminently qualified and gets paid $40 million a year, he says. Sports betting gives you a little taste of making those decisions, and when you win, it feels like a validation of you being smart.

Its similar to what people who invest in stocks or crypto feel when something moons, or rises in value extremely quickly. It just totally took over my life in the span of, like, a week, said Jeff Andrews, a 40-year-old data reporter and a former coworker of mine. Less than a month ago, two of his friends who work in private equity told him about the tens of thousands of dollars they made in NFT trading, and then gave him advice on what to buy next. Since then, hes made around $25,000, thanks to several moons he scored through tips that trickled in from multiple group chats and Discord servers.

Because of the ways in which this type of information disseminates in subreddits, in breathless Twitter threads, on niche Discord servers the world of betting and investing is dominated heavily by people who are already well-represented in tech, finance, and internet culture, which is to say that it is overwhelmingly young and male. Proponents of crypto love to talk about the benefits of decentralizing the financial system, how it can allow for historically underrepresented groups to build wealth, and how NFTs can be used to fund projects supporting charitable causes. Celebrities, from A-listers like Matt Damon, Reese Witherspoon, and Gwyneth Paltrow to Z-list Bachelor influencers, evangelize cryptocurrency as an almost philanthropic cause; what goes unspoken is that they stand to profit from more people investing after them.

Yet in practice, buying and selling crypto often amounts to a whisper network of people already in the know advising each other in private group chats what to buy and when. To an outsider, it can look like a perfectly legal form of insider trading, entirely shielded from any sort of oversight. The wealth gap among holders of bitcoin is 100 times worse than the US economy: the top 0.01 percent control 27 percent of the 19 million bitcoin currently in circulation.

For people whove long been interested in investing, the phenomenon has been somewhat bizarre to witness. I give advice to friends who want to get into investing and tell them to put some into exchange-traded funds or index funds, says Omar Khan, a 29-year-old who works in fintech and has been investing in the stock market since he was a freshman in high school. Then all of a sudden these people are like, No, thats too complicated, and they want to get into SPACs. Im like, hold up you went from being too cautious to invest in an S&P 500 ETF to SPACs, which are an absolute scam? (SPACs are a way to list private companies on the stock market, thereby allowing everyday traders to invest in them; many have criticized them as a bubble similar to the dot-com boom.)

Omar says his friends often cite supposedly heartwarming articles about people who put in a few hundred bucks in meme stocks, NFTs, or crypto and became millionaires. Its irresponsible journalism, he argues, because it so often ignores the many people who lose even more than they put in. In my group chats with finance friends, were like, So many people are gonna lose so much money. Were watching a train crash. Its worth wondering, he says, whether the low barrier of entry into this world is such a net positive. Theres no phone call [to a broker] that you would have had to make 20 years ago. Theres no warning sign of like, hey, are you sure you want to put $50,000 in this penny stock?

A year ago, Kevin, who asked me to use a pseudonym to protect his privacy, put $50 into a FanDuel account, which he then gambled into $750 before losing it all in an online roulette game. Its a sickening feeling losing that money, but I always come back thinking it will be different, he told me over Twitter DM. The 26-year-old auto parts specialist in Erie, Pennsylvania, says he realized he had a gambling problem after repeatedly losing after a long winning streak, and then trying to win it all back. Thankfully, I realized I had a problem before I lost something I couldnt [get back], like my car or apartment, he says. I just want people to know how dangerous it is before you go in unprepared.

Pretty much every new investor or gambler I spoke to for this story said that for the majority of their lives theyd been relatively risk-averse. Many hadnt grown up with much money to begin with, which instilled in them a desire to save and invest responsibly in stable portfolios like 401ks, Roth IRAs, or index funds. But because of how easy it is now to gamble in sports, the stock market, or crypto, their approach had changed. While most have been careful not to bet more than they can afford to lose, the wave of sports betting legalizations across the states has watchdog organizations concerned: About 2 percent of Americans struggle with gambling addiction, some of whom end up losing jobs, families, their homes, even their lives.

Other new sports bettors have found real community and joy from the hobby. Multiple people (particularly men) I interviewed said that they now texted regularly with old friends from high school or college about their bets, and that it made talking to new people in social situations easier. When someone says they have some money on the Australian Open, youre like, Oh, you gamble on sports too! And then you can have a little conversation about it, says Dan Greene, a 33-year-old journalist.

For Madi, a 23-year-old in Minnesota (she preferred to not use her last name because sports betting still isnt technically legal in her state), sports betting is more than just a conversation starter. As a queer woman, she says shes almost never taken seriously as a longtime college and pro football fan, and for her, sports betting is proof that she actually knows what shes talking about. In a lot of social spaces, people tend to assume I dont know much about sports, she says. Theres so much baggage that comes with being a female sports fan and a lesbian sports fan. So it feels really validating when I get things right.

Richard Johnson, a 28-year-old who covers college football at Sports Illustrated, said that his interest in crypto was the product of a lifetime of learning to save. As a Black person, this wealth was never accessible to us until, like, 50 years ago, he says. Our generation is not going to have Social Security or pensions. Were not even going to fucking retire. The only way to get to the American Dream is to invest.

A vocal backlash to the nascent concept of Web3, or a vision of the internet that runs on the blockchain and crypto, has cemented itself within the culture. Skeptics argue that the whole thing is killing the environment and is also a Ponzi scheme, which, jurys still out! Whats significant, though, is how often the backlash comes from inside the house.

Despite turning a five-figure profit in just the span of a few weeks, Jeff still wonders whether its even worth it to continue investing in NFTs. He now keeps constant tabs on the rising and falling value of ethereum, newly released projects, and Discord announcements. Im not sleeping well because Im so wired all the time, he says.

More than that, though, hes become disillusioned by the lofty promises of the true believers. The more they explain it, the more I get queasy about it, he says. I thought that as I went on Id learn about it and be like, Okay, this makes sense. I understand why theres value in this, and every day I am renewed with the sense that this is the stupidest fucking thing on the planet.

Jeff, like most skeptics for whom the system has actually worked pretty well, is eager to cash out once the price of ethereum goes back up. But talking to him, and to the rest of the (almost entirely) men whove turned money into a hobby, made me more than anything feel like I was too late to something that hadnt even really happened yet. Because of course it isnt too late to become an overnight crypto millionaire or to cash out on an incredibly lucky bet; its just highly unlikely that that person will be you. Nobody wants to be a cynical spoilsport, stewing in resentment of these men who have won and will probably keep winning, who look a lot like the ones who have always won: the men who have the time, the knowledge, the energy, and, most importantly, the money to turn having money into its own hobby.

You cant hate the players, of course. I asked Jeff if hed made any money in the 20 or so minutes that wed been talking. Not really, he said. Around $200.

This column was first published in The Goods newsletter. Sign up here so you dont miss the next one, plus get newsletter exclusives.

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Crypto, NFTs, and sports betting: Money is now a hobby - Vox.com

Beginners and experienced bettors have all had to start somewhere in the sports betting space. While some are more advanced than others, there are a lot of concepts and topics that need to be understood in order to have the best possible chance of winning money and being successful.

Our Sports Betting 101 series from Josh Appelbaum is a good starting point for new bettors and a good refresher for those that have been around, but may need to brush up on the basics.

Before diving into the content, there are some initial topics and betting terms that everybody should use as a prerequisite before taking the Sports Betting 101 "class".

Sports Betting for Beginners - Learn the Basics of Sports Betting

Sports Betting Terms Everybody Needs to Know

Read along as Josh, author of The Everything Guide to Sports Betting: From Pro Football to College Basketball, Systems and Strategies for Winning Money, gives you a crash course into the world of sports betting.

How to Place a Bet

You can't place a bet without knowing how. In this article, Josh talks about how to place your wagers online or in-person at the sportsbook.

Sportsbooks, Oddsmakers and Setting the Line

On this topic, Josh looks at where you can bet on sports and how oddsmakers set the lines for the games. He also talks about betting limits and the function they serve.

Favorites, Underdogs and the Point Spread

On this topic, Josh examines the function of the point spread and why one team is considered the favorite and why the other team is considered the underdog.

Totals (Over/Unders) for Full Game, 1st Half and 2nd Half

On this topic, Josh discussesthe "total" or "over/under", which is a measure of the combined scores of both teams.

Moneyline Betting

On this topic, Josh discusses moneyline betting, which means simply picking a winner, but that could come with a higher cost or more risk.

Parlays and Teasers

Parlays and teasers continue to grow in popularity. Does Josh believe that these are smart wagers?

The House Edge - "Vig" or "Juice"

Here, Josh discusses what is called the vigorish on a betting line. Think the -110 that appears next to a point spread or total. What does it do and what does it mean for the bettors and the books?

Bankroll Management and Long-Term Success

Sports betting is a long-term thing and not a get-rich-quick scheme. Josh emphasizes that notion here, along with some tips for how to manage your bankroll.

Flat Betting

Flat betting is a popular bankroll management technique for new bettors. Josh talks about the reasons why and how to make use of it with your daily wagers.

Bet To Risk vs. Bet To Win

A popular question is whether or not a bettor should bet "to risk" or bet "to win". Josh explains both and his preferred method.

What Is A Middle?

The concept of middling (and also arbitrage) are ways in which a bettor can maximize a strong opportunity to make money.

The Do's and Don'ts of Playing Middles

Middling can be a tricky concept for a lot of bettors, so here is some advice on what to do and what not to do.

Betting Advice - Who To Trust and Who To Avoid

In this piece, Josh discusses why some people's opinions on betting should be considered more than others.

What Are Sharp Bettors?

What makes a bettor "sharp"? Who are these people and what impact do they have on the betting market?

How to Bet Like a Sharp

You, too, can follow the same practices as sharp bettors if you know what to look for.

What Is Closing Line Value (CLV)?

The best indicator of future success is getting CLV on your bets. What is it and how do you do it?

What is Line Shopping?

One of the biggest advantages bettors have over sportsbooks is the ability to look for the best line. Advice on how to do that and why it matters.

Should I Buy Picks?

Professional pick sellers (also called touts) offer special packages and promotions, but are their picks worth buying?

Using Trends and Betting Systems

Here, Josh, an expert at utilizing trends and betting systems, talks about why this strategy helps to avoid recency bias, which is the act of putting too much emphasis on recent results.

The Dangers of Confirmation Bias and Gambler's Fallacy

In this piece, Josh cautions readers about the risks of only absorbing information that fits your opinion, as well as the "due factor" of the Gambler's Fallacy.

The Dangers of Gambling Addiction

When do you know that you have lost control and when should you seek help?

Handy how-to guides for betting on different sports.

How to Bet Football Totals

This article is all about betting over/unders in the NFL and college football.

What are Key Numbers in the NFL?

Key numbers are very important when betting spreads and Josh has some advice on how to make the most out of those opportunities.

How to Bet on NFL or College Football Season Win Totals

Season win totals are popular futures and prop bets that can be very profitable if you know what you are doing.

How to Bet on College Football Bowl Games

When the bowl season rolls around, you'll be prepared with this guide on betting those college football games.

How to Bet on NBA

The NBA is a tough league with so many scheduling spots and player absences, but Josh has some tips.

How to Bet on College Basketball

Some helpful tips for betting on college basketball.

How to Bet on March Madness

Betting tips for March Madness and the NCAA Tournament.

How to Bet on NHL

Tips for hockey bettors.

How to Bet on Horse Racing

Interested in playing the ponies? We've got some advice on how to do that.

How to Bet on Golf

Tips for wagering on the PGA Tour, DP World Tour and other golf events around the world.

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Sports Betting 101: Topics, tips and advice to be a better bettor - VSiN

Yahoo Sports may receive compensation from BetMGM in connection with the wagers you make on the BetMGM platforms.

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Bet $10 on the Big Game this Sunday and get $200 in free bets from BetMGM - Yahoo Sports