In a different study released by FDU’s PublicMind in October 2011, results showed that New Jersey voters thought legalizing sports betting in New Jersey was a good idea. Half of New Jersey voters (52%) said that they approved the idea of legalizing sports betting at Atlantic City casinos and racetracks, 31% opposed it. In addition, there was a significant gender split: a majority of men approved of the idea by a wide margin (65-21), while only 39% of women approved and 41% opposed. The October results were stable, reflecting an earlier poll in April 2011 where New Jersey voters approved the legalization of sports betting in the state by a margin of 53%-30%. However, nearly two-thirds (66%) of voters were not aware of the upcoming statewide referendum on the issue. Age proved to be a divide: voters between the ages 18 and 34 were more likely to approve of sports betting than were older voters. Dr. Woolley commented: "But... younger voters... are far less likely to vote than other voters... As always, a lot depends on who actually shows up to vote."
First, however, a word of caution: Sports betting can be a fun and profitable venture. However, like most good things in life there are pitfalls to be aware of. You should be able to enjoy many positive experiences as long as you bet in moderation and under control. We know you have heard this before but it definitely bears repeating: don’t bet money you can’t afford to lose, either emotionally or financially. If you or someone you know shows signs of compulsive gambling, one place to find help is Gamblers Anonymous.
Some people refer to sportsbooks as a sanctuary; a place they can go where they do their best thinking and enjoy the games and atmosphere. Some people refer to them as utter chaos and other than placing their bets at one, do everything in their power to get out before the games actually start. Whether you are one side of the fence, or the other, as long as the sportsbooks have your money tied up with them, they have you right where they want you. Sportsbooks are here to stay, so I suggest getting used to all the chaos. Read More >>
When you bet on the money line, you are betting on one side to simply win. Any time you see a money line, the minus sign (-) indicates the favorite while the plus sign (+) indicates the underdog. For example: Chicago Bears –240 vs. Minnesota Vikings +210. Using $100 as the base, it will take $240 wagered on the Chicago Bears to win $100. For a bettor wagering on the underdog Minnesota Vikings in this scenario, $100 will win $210. With the money line you just have to hope your team wins rather than cover a point spread. Of course, the one downside is having to risk more money to return the same amount that a point spread bet would net you.
When wagering against the spread, you bet on the team that will cover the betting line, and not necessarily win the game. Obviously by taking the favorite, a bettor believes that team will not only win the game, but also win the game by a certain number of points to cover the betting line. But when wagering on the underdog, that team does not necessarily have to win the game to cover the line. For examples of point spreads and how those bets are won, please keep reading below where we explain betting odds for the spread in detail.
If you're just getting started with NFL betting, the most important thing you need to do is learn how the lines work. But this is easier said than done because NFL lines can seem like learning Greek to new bettors. Fortunately, learning football betting lines won't take you nearly as long to master as the Greek language. In fact, you should have a good understanding of the matter just by looking at the following information on how NFL betting lines work.
All individuals are banned from advertising or promoting any football betting activity in which FA regulations prohibit them from engaging. This, however, only applies to individuals in their personal capacities. For example, if a club is sponsored by a betting company and said company places its logo on the club's kit, the team's players are not in violation of the betting rules.
With the over/under or total, bets are being made on what the total score may be. In our example which features two solid defenses and good offenses, the total might be around 41. If OSU scores 24 and Wisconsin 20, the total would be 44 or over the 41. If the Buckeyes scored 21 and the Badgers 14, then the total would be 35 so the under would win. Once again sometimes, if the total is a whole number, the result may be a push. That results in all bets simply being returned.
If you've ever found yourself cursing the game line or completely dumbfounded at how a basketball total from the Serbian basketball league lands right on the "over/under" number, I can assure you that you are not alone. Setting the right number is the heartbeat of any sportsbook which is why they hire the sharpest minds in the betting game and task them with calculating the lines. It's not often you come across a line that is far off from what actually happens in the game. Sportsbooks have the utmost trust in their linemakers, so that when they post their lines to the betting public they aren't vulnerable to big losses. Read More >>
Financial spread betting is a way to speculate on financial markets in the same way as trading a number of derivatives. In particular, the financial derivative Contract for difference (CFD) mirrors the spread bet in many ways. In fact, a number of financial derivative trading companies offer both financial spread bets and CFDs in parallel using the same trading platform.
The -110 on either side is like paying a tax or commission to the sportsbook. Bettors would pay 10 percent (aka juice) to the sportsbook, which is essentially a fee for brokering the wager. So, the -110 indicates that a bettor must risk $110 to win $100. Some sportsbooks will even reduce the juice for you which means you can earn the same $100 payout but risk less money to do it.
Just when you think Canadians can't out do themselves, they go and get themselves a completely Canadian way of betting on the one sport they care the most about - hockey. As a Canadian, I can honestly say that we would chose hockey (plus beer) over just about anything in the world. It's our past time and it's our future because despite the lack of quality Canadian teams in the NHL, the fan bases are more passionate than ever in hopes of one day competing with and finally beating hockey's elite teams. Read More >>
The process of sports betting is nowadays better regulated and therefore a lot safer. The perception in society is also getting better and better. There are several reasons for this. On the one hand, the legalisation of online sports betting made it clear that this industry is no longer run by criminal gangs. In addition, many people recognized the irony that although they liked to play the lottery or participate in other lotteries, they still considered sports betting too risky, although they have the better chances of winning. The market was free and better controlled, the state lost its monopoly on gambling and betting providers could advertise for themselves. Now that the bookmakers were represented on television or on posters by prominent faces, the perception changed even faster. The opportunity to now also place sports bets via the Internet drew the attention of many people interested in sports. You no longer had to go to a betting office, but could place bets from the comfort of your own home, on the bus, outside with friends or in a pub.
The most common football pool is the standard 100 square football pool. At almost every Super Bowl party you have ever been to you might have seen this 10 x 10 betting sheet and wondered what it is. There’s nothing like a friendly little game to liven up the party during the Super Bowl. This pool is built around a simple chart calls for no skill or previous knowledge of how to bet the spread or of the game of football in general. In this article I will explain how easy this to partake in and how much fun this form of gambling on football can add to the game.
In most cases, the favorite will be the team with a negative moneyline (in some cases both teams can have a negative moneyline if they are both closely matched). A line of -160 means that you would have to bet $160 to win your base amount of $100. A team with a moneyline of -130 wouldn't be favored nearly as strongly as a team with a moneyline of -330.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since they final score margin falls on these two numbers most often.
You can also bet straight winners and losers -- with no point spreads involved -- with money line wagers. When there is a minus number you bet that amount to win $100 in profit. When there is a plus number, that is your winning profit for every $100 wagered. So if the Cowboys have a money line of -250, you would have to bet $250 on them to win $100 in profit on any Dallas victory. If the Giants had a money line of +150, you would win $150 in profit with a winning $100 bet. If a money line is posted as even, you would win a $100 profit on a $100 winning bet.
In today's world, online shopping is all the rave. Sites like eBay and Amazon have taken the world by storm and people do whatever they can to avoid setting foot in a retail store. Unfortunately, there will be times where you receive your order and it's completely wrong or it looks nothing like you saw in the picture. Thankfully, you have the ability to get your money back and try again. To put that situation into sports betting context, let's talk about baseball. Baseball offers a unique bet called "listed pitchers" where your bet only goes live if the listed pitchers start the game. If not, just like Amazon, you will get a refund. Read More >>
In my honest opinion, tennis is a sport that doesn't get nearly enough credit for being a legitimate source of entertainment as a fan and a legitimately hard game to master. Since you are reading this and have access to the Internet, I'm sure you've heard of Roger Federer and Rafael Nadal. They are the two biggest names in the sport, even as their careers are starting to wind down. The debate between both sets of fans as to who the "G.O.A.T" is rivals that of the LeBron/Kobe or Ronaldo/Messi comparison. Read More >>
NFL point spread lines and odds differ from sportsbook to sportsbook so it is important to always try to line shop for the best prices and spread. Regularly betting into spread odds of -115 (1.87) or -110 (1.91) compared to -105 (1.95) can make a big difference come Super Bowl time to your bankroll, so to can getting on the right side of a spread number particularly where key point spread numbers like 3, 7 and 10 are concerned where a half point or full point can make the difference between a winning wager and a losing one. To give yourself the best opportunity with your NFL Spread Betting you need to obtain the best point spread line and at the best price and to do that effectively it is a good idea to have accounts with multiple sportsbooks.
As you can see above, the combined score for Superbowl XLV was 56, and since this line was offered at reduced juice, a wager on the over at 44.5 of only $105 would yield a profit of $100. This line closed at a high of 46 points at some books, demonstrating how the public, who tend to show a proclivity for high scoring games, can increase an O/U line.
You’ll need to know how the rotation number, point spread, moneyline and over/under are used and what each means. Each of these terms may be called by another name. The rotation number if often referred to as the number or the rotation mark, moneyline becomes line, point spread is called the spread, and over/under becomes the total. When you come down to it, these are the major terms that can be lumped under the heading odds.
The point spread will list one team in the negative and the other in the positive. (Unless neither team is favored, then they will be listed as EVEN or PICK). The club posted in the negative with a minus sign is favored and so the bookies take points away from them, which means that team must win by at least a certain number of points to cover the spread. The underdog will have a plus sign and will cover if they win outright or lose by less than the posted number.
Many reasons contribute to why point spread betting is one of the most favored by NFL players, certainly one reason it is so attractive to the recreational player is that essentially you have a 50-50 proposition on every team no matter who they are playing meaning you have the opportunity to bet your favorite team no matter who their opponents and in theory have a 50% chance of winning your bet at reasonable odds. Take the 2008 Detroit Lions who went through the regular season without winning a game, now betting them on the NFL money line odds would have been a disaster whereas their point spread record for that season was 7 wins and 9 losses. Similarly the 2007 Dolphins went through the NFL regular season with only one win however their point spread record stood at 5 wins, 7 losses and 4 pushes against the closing line.
You may have heard the term “covering the spread” or the phrase “betting against the spread.” This means that if the favorite team wins an event with the point spread taken into account or that the underdog team wins with additional points, they have covered the spread. If the Packers win that game by more than 7 points, they have covered the spread.
Several additional states such as Louisiana, Connecticut, Mississippi, Maryland, Massachusetts, Missouri, California, South Carolina, Iowa, Illinois, Kansas, Kentucky, Indiana, Michigan, Minnesota, Oklahoma, Ohio, New York, and West Virginia, began drafting bills to legalize sports betting soon after New Jersey and Delaware. Pennsylvania, Rhode Island, and West Virginia were able to pass legislation legalizing sports betting within their states.
When betting the point spread, there is almost always a winner and a loser. However, in some instances sportsbook decide to put out a whole number such as -3 for bettors to bet on. If the final score ends with a differential of three points - no matter who wins - the bet is considered a "push" and all money is refunded to both sides since neither team covered the spread.
Once you understand all the fundamentals of football betting, and have an account with a suitable gambling site, you're pretty much ready to go. There's still a lot more you need to know, but most of this can be learned as you go along. Indeed, learning as you go along is the best approach. Trying to become an expert before actually getting started is a futile exercise, as so much of what's involved only really starts to make sense once you have some real experience to draw on.
Pennsylvania approved a sports betting law in October 2017 and had regulations for sports betting in place in August 2018. The state approved the first sports betting licenses for Hollywood Casino at Penn National Race Course and Parx Casino on October 3, 2018. On November 15, 2018, sports betting began at Hollywood Casino at Penn National Race Course with a two-day test; official sports betting began on November 17, 2018. Hollywood Casino at Penn National Race Course became the first casino in Pennsylvania to offer sports betting. Pennsylvania became the seventh state to offer sports betting.
The odds listed are a primary way of gauging the play in the game. There are hundreds of mismatches every single year and the leveling of the playing field has been very helpful in resolving that particular problem. With the use of odds, bookies are able to acquire an equal number of wagers on each team, which assures them that they get money regardless of who wins.
Since more people wager on football than any other sports it’s usually the easiest game to figure out how to bet. If you don’t know what to do, you can probably ask anyone in the sports book for instructions. The people visiting the casino might not know everything but they can give you the basics. Here’s a fairly thorough look at the different ways you can wager on football in Las Vegas.
Machine learning models can make predictions in real time based on data from numerous disparate sources, such as player performance, weather, fan sentiment, etc. Some models have shown accuracy slightly higher than domain experts. These models require a large amount of data that is comparable and well organized prior to analysis, which makes them particularly well suited to predicting the outcome of Esports matches, where large amounts of well structured data is available.
Also known as NFL OVER/UNDER betting, the total is the number set by sportsbooks that estimates the total number of points scored by both teams combined. Bettors then must predict whether there will be more or fewer points than the NFL “total.” If you bet the 37.5 UNDER, you are hoping for a defensive battle and predicting the offenses to struggle. If you bet the 37.5 OVER, you are hoping this will be a high-scoring game.