Sports betting is a fun way to wager on the outcome of your favorite sporting events. It can be an excellent way to win money and build your bankroll, but it’s important to know the ins and outs of sports betting before you start placing your bets.
The Most Common Bet Types: Straight, Over/Under, and Futures
There are many different types of bets available at online and brick-and-mortar sportsbooks. These include:
Over/Under bets: When you place a bet on the Over or Under, you’re betting on whether the total number of runs, goals, and points scored in a game by two teams will exceed or fall below the amount posted by the sportsbook. This type of bet is often used in football games, and is a great way to take advantage of the spread.
You can also bet on a team to win a specific game or championship. Usually, the odds attached to these bets are higher than a straight bet and offer greater potential payouts.
Futures bets: These are more complicated bets than a straight bet, but they also have more potential for payouts. These bets can be placed on a wide variety of sports and events, from NHL to World Series to the Masters tournament.
These bets can range from predicting the score of a single game to predicting which player will win a specific award in a professional sport. The odds are different on every futures bet, so it’s important to understand how to read the odds before you make your wager.
Choosing a Sportsbook: Gaming Today ranks sportsbooks for bettors by examining the most important factors. We look at the odds they offer, the types of bets they accept, and other features like welcome bonuses to help you choose a good sportsbook.
Sports Betting Legislation: Legalization of sports betting has been a long-time debate in the United States, but recent court rulings have made it easier to get a handle on the topic. Some states have already legalized sports betting, and others are considering it for the first time.
Massachusetts: The state recently passed legislation to allow in-person sports betting, and they have been working toward launching online and mobile options as well. It’s unclear how quickly this will happen, but March 2023 is a promising target.
Maine: Not yet legal, but efforts are under way to push for a bill that would allow sports betting. It’s not clear when that bill will be introduced or approved, but it’s possible that it could be passed before the end of 2022.
Nevada: This is the only state that currently offers legal sports betting, but it has the potential to grow as more and more states decide to legalize it. The Supreme Court decision in May 2018 gave states the power to regulate sports betting in their own jurisdictions, making it possible for more and more states to follow suit.
North Carolina: The state had the opportunity to pass a sports betting bill last summer, but it failed to pass. The legislature has been meeting throughout 2023, and a new bill is expected to be introduced soon.