Online Betting

Betting on sports legally in the US has always been limited to the Oregon, Delaware, Montana and Nevada, or really Las Vegas in particular, but now Americans will soon have access to fully regulated sports betting including online and through mobile devices. The Supreme Court case known as Christie vs NCAA was decided in favor of New Jersey which sets in motion the ground work for legal sports betting across America!

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Guide to Online Betting in the US

Online sports betting is seeing tremendous interest in the United States and, most recently, the US has seen a strong movement to legalize sports betting across the country. The federal ban on sports betting, PASPA, was established in 1992, but a Supreme Court case Christie v. NCAA has repealed the ban, opening the door for regulated and legal US sports wagering. Below we supplied answers to all the most common questions Americans have regarding the potential US sports betting market.

Is Online Betting Legal in the US?

Sports betting is currently legal in the U.S. due to the Supreme Court's repeal of a 1992 federal law, PASPA. Now that PASPA is a thing of the past, 24 states have made attempts to pass legislation that would allow sports betting, including Kansas and Massachusetts, as well as more recently New York. Twenty states specifically backed New Jersey’s attempts at getting its case before the SCOTUS. A lesser number have worked to enact online gambling, however in light of the SCOTUS case, there has been a strong push on the part of many states including Pennsylvania who is in the process of setting up their own legal online casino industry.

Can I Wager Sports Online in New Jersey?

You can currently bet sports online in New Jersey as the state became the second since the overturning of PASPA to pass the necessary legislation and have its governor sign it into law. It even established a self-governing body (TISWA) to regulate sports gambling. Other forms of online gambling are also legal in New Jersey, and it's a stronghold for both brick-and-mortar and other gambling options.

Where Can You Bet in the US?

Betting on sports in the U.S. is only allowed in Nevada, Delaware and New Jersey currently, but the states of New York, Pennsylvania, Connecticut and Missouri have all recently passed bills that will allow for sports betting now that the federal ban has been repealed and the decision is left to the state-level governments.

Understanding Betting Odds

The difference between high volume (popular) and low volume (niche) sports has already been noted, but there are more factors to consider. Some betting sites offer competitive odds on the favorites to retain steady, regular gamblers, while others offer outrageous odds on outsiders to attract speculators, and a third kind have frequent money-back specials and betting bonuses to reward and retain loyal customers.

Each site's betting approach should be examined carefully in order to determine which approach best suits your betting style and goals. If you keep a really close eye on odds variations, you may even be able to engage in some arbitrage betting. Money lines are based on positive and negative figures and indicate how much money a better must wager to win $100 or how much a $100 bet would win. Negative numbers indicate how much you must bet to win $100.

For example if Boston has a money line of -140 it means you must bet $140 to win $100. Positive numbers indicate how much you'd win from a $100 bet. So, if Los Angeles has a money line of +160 it would mean a win of $160 on a $100 bet. To work out how much you'd win on a different bet amount, you just have to scale the figure up or down proportionally. So a $1 bet at -140 would pay out $1.40.

Comparing American Odds vs European Odds

American odds are based on positive and negative figures and indicate how much money a better must wager to win $100 or how much a $100 bet would win. Negative numbers indicate how much you must bet to win $100. For example odds of -140 mean you must bet $140 to win $100. Positive numbers indicate how much you'd win from a $100 bet. So odds of +160 would mean a win of $160. To work out how much you'd win on a different bet amount, you just have to scale the figure up or down proportionally. So a $1 bet at 140 would win $1.40. These odds are different from other types practiced by other countries, two main types of which are fractional odds and decimal odds.

Fractional Odds

Odds given in a fraction show your potential winnings as a fraction of your original stake, which means you divide the numbers displayed and multiply the result by your stake to determine your winnings. So a bet of $10 at odds of 2/1 would be calculated as: 2 divided by 1 = 2, 2 x 10 = 20. That's a win of $20, plus your initial stake of $10, so $30 total.

Decimal Odds

Odds using decimals represent the multiple of your stake that's returned in the event of a successful bet, including your initial stake. So if you made a successful bet of $10 at odds of 1.5, you'd get 1.5 x $10 = $15. Decimal odds of 1.5 are equivalent to fractional odds of 1/2.

Who Supports Legalizing US Sports Betting?

Support for a legal and regulated US betting industry has skyrocketed the last few years. Despite decades of opposition, major companies, politicians and even professional sports leagues are changing their tune in regards to wagering on sports. As expected, not everyone is on board with the expansion of sports wagering in the US but the list below contains the most influential figures in the industry and how they currently feel about the potential of legal sports betting in America.

Professional Sports Leagues (NFL, NBA, MLB, NHL)

For decades, all the major professional sports leagues in the US opposed the legalization of sports betting. They even banned teams from moving to Las Vegas. That's all in the past now though, for the most part. The NBA and MLB have actively involved themselves in the legislative process including forming a template for states looking to passes a bill themselves. The NFL and NHL have actually moved teams to Las Vegas so clearly the professional sports leagues are opening up to the idea of Americans betting on sports.

President Trump

When last asked about the White House's view on the potential lifting of the federal ban on sports betting, President Trump, despite his many ties to the gambling industry, sided with his Attorney General, Jeff Sessions, in supporting the continuation of the ban. Now that the SCOTUS has ruled the federal ban is unconstitutional, many believe Trump will shift his tone.

Americans

A report released in 2017 revealed for the first time ever a majority of Americans approve of legalizing sports wagering. According to the report, 55% of Americans polled 'Approve' making betting on professional sporting events legal while only 33% 'Disapprove'. Compare that to a similar poll done in the 1993 where only 41% approved and 56% disapproved.

Betting Online vs. Betting in Vegas

While betting in Vegas is a benchmark experience for many Americans, for those who don’t live in the Nevada the trip is often costly and the vast majority only get to make it once in a lifetime at best. Online betting would bring betting to the comfort of home as it’s already enjoyed around the world. While nothing will replace the feeling and atmosphere of a Las Vegas sportsbook, online betting gives gamers and sports aficionados a limitless amount of opportunities to wager at will every day of the year.

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