Sports Betting In The United States.
Wagering on sports in the United States has grown into a multi-billion dollar industry over the past decade or so and while most people might think of Las Vegas when it comes to the actual sportsbooks that handle the betting action, this growth has been primarily fueled by a number of online sportsbooks that especially cater to players in the United States.
For the last 50 years, United States has experienced a unique expansion of legalizing gambling. However, sports betting has not been so lucky, due to outcome of game-fixing scandals as well as the country’s political power.
United States finds itself in unusual company with its legal stand on sports betting. This is one of the rare issues that it shares with China and Russia than it does with Britain.
America is considered to have the largest black market for sports betting due to its prohibition of sports gambling. While almost $4 billion is wagered legally on sports in Las Vegas each year, offshore office pools, online sportsbooks within the vicinity wager illegally about $80 billion to $380 billion through a shadow industry.
Legal or illegal, money keeps on flowing and the number of power brokers advocating legalization is also growing. They believe if sports betting is legalized in the country, the government can tax them and sports leagues can track them for any signs of corruption.
While there are certain legalities that come into play when it comes to conducting financial transactions with online sportsbooks, the act itself of bets on sports is not inherently illegal in the Unites States.
Online Sportsbooks For US Players
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There are a number of popular offshore betting sites and casinos that take action from US players, including online gambling portals such as Bovada, BetOnline, Sportbetting.ag and Intertops. However is always wise to check any sportsbook’s rules and regulations when it comes to wagering on the games.
These are usually clearly posted on their website and they can be easily be ascertained through their customer service department.When it comes to wagering on the games themselves, each of these books will offer betting odds for any number of sports, not just in the United States but around the globe.
Most online sportsbooks also offer access to online casino games, an extensive racebook for horse racing, poker rooms and access to other types of games of chance. These sportsbooks are truly a full-service operation that would rival any casino on the Las Vegas strip as far as the action they offer.
Variations of Odds available in Sports Betting
Primarily, there are three different forms of betting odds available. You will hardly miss this in USA betting sites.
The first is the moneyline kind of wager. This is the one you bet on the team or individual you think will win the match without any point spreads or variables. You simply need to choose the team you think will win and bet on it. This is the common variation of betting mostly used.
Another common mode of betting is the point spread. When betting on the spread, you will be allowed to wager on the score difference between the teams playing. When there is a spread of 7 and you bet on the favorite, the team will have to win by 7 for a push or by 8 to make a win.
The over/under otherwise referred to as the total score kind of betting is another odd variant you ought to know about. This bet gives you the opportunity to bet on whether or not the total score between all competitors will be below or above the amount that has been predetermined.
Understanding American Odds
American odds are easy to understand and work with. The number that is represented on the odd indicates how much you need to bet to win $100. When the number is preceded with a ‘+’ sign, you will risk less than $100 to make a win of $100. When it is preceded by ‘–‘ sign, you will need to risk more than $100 to make a $100 win.
The majority of sports betting sites is in the form of wagers on sides and totals. Betting a side in a game usually involves a point spread where the favorite gives a set number of points to an underdog to even the playing field. Sportsbooks also set money lines on certain games where the odds are based on a set return for both the favorite and the underdog off a base of 100.
A wager on betting odds for a total involves the final score either staying “under” or going “over” a set number. There are also a wide variety of “exotic” bets in the form of parlays, teasers and pleasers, reverse bets, if-bets and round robins just to name a few. Most sportsbooks offer a thorough explanation of all these type of bets on their website.
Know how to Handicap, Account Creating, Banking Methods
Before making a bet, you need to collect as much information as possible. If you need to make consistent wins, you need to work hard make solid preparations, know more about the sport and disciplined money management skills.
In your handicapping activities, be sure to keep an eye on any personnel changes suspensions, injuries or weather. This way, you will be in a position to make more informed decisions and make your judgments based on more than the odds provided by your bookie.
Setting up an account with a sportsbook is a very simple process that usually only requires some basic information and an initial deposit. Most sportsbooks offer a large variety of options to both deposit and withdrawal funds from your account.
Credit cards, checks and bank wires are the most common means as well as a number of money transfer services. It is always best to consult the financial transactions section on the website for full details.
Finally, one of the best things about wagering with an online sportsbook is the promotions and bonuses they frequently offer for both new and existing customers. Many offer loyalty incentives for steady play as well as referral rewards for helping to add new customers.