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The professional sports teams and the existing casinos are seeking sports gaming licenses. When they are issued, the license holders will develop partnerships with online sportsbooks.
Since the process is still unfolding, there have been no licenses issued and no partnerships have been established. This being stated, we can make solid predictions based on the sports betting rollouts in other states.
FanDuel is the other major player in the daily fantasy sports universe, and its online sportsbooks have been popping up all over the country as legalization has spread. You can rest assured that Ohio will be added to the list when sports wagering is approved.Read the FanDuel Sportsbook Review.
The traditional, firmly established American gaming companies have devoted considerable resources to develop online sports gaming products.
MGM Resorts International has partnered with Entain holdings to produce the BetMGM sports betting sites, and Ohio bettors will probably have this option as well.Read the BetMGM.
Caesars Entertainment is an old-school gambling powerhouse with new-school technology. Caesars is likely to have a presence when betting in Ohio is live and legal.Read the Caesars Sportsbook Review.
Ohio sports bettors may have the opportunity to make their wagers at the Pointsbet Sportsbook. This relative newcomer has been growing rapidly, and it is built on the unique PointsBetting concept.
Your wins and losses are based on how right or how wrong you were, and this is an intriguing way to approach sports gaming.Read the PointsBet Sportsbook Review.
When the final Ohio sports betting bill is signed into law by the governor, Unibet will be one of the platforms that will be in the mix. It was founded in 1997 in London, so it was well established before it entered the fledgling American sports gaming market.Read the Unibet Sportsbook Review.
When sports gaming is a reality in Ohio, WynnBET may be one of the options. This is another gaming powerhouse out of Las Vegas that has expanded into the iGaming realm.Read the WynnBET Sportsbook Review.
We expect to see Bet365 make an effort to get a piece of the action when legal sports wagering is rolled out. This is another well-established gaming company out of Great Britain, and it started taking its first bets on this side of the drink in New Jersey in August of 2019.Read the Bet365 Sportsbook Review.
Rush Street Interactive is the driving force behind BetRivers. This is yet another one of the online sportsbooks Ohio residents may be able to access when legal sports betting is finalized.Read the BetRivers Sportsbook Review.
A company that has a vast football broadcasting network is a natural for a sports betting platform, and FOX Bet has been established to take advantage of the opportunity. Since the company has a lot of influence, it may have an inside track during the licensing process.Read the FOX Bet Sportsbook Review.
Wynn and MGM are known for their Las Vegas Strip properties, and the Golden Nugget is the traditional king of the downtown area. Its online sports betting platform is making strides, and it may find a place among the freshly minted Ohio sportsbooks.Read the Golden Nugget Sportsbook Review.
All of the operators that will be up and running will have Ohio sports betting apps because mobile betting is very popular. It is definitely a lot of fun to carry a sportsbook around in your pocket at all times.
The Android sports betting apps that will be available when online betting in Ohio begins will depend on the decisions that are made with regard to licensing and partnerships. FanDuel and DraftKings will definitely have Android apps, and we feel as though PointsBet and BetMGM will be in the initial group.
These operators do not want to leave any money on the table, so all of the online sportsbooks in Ohio will offer iOS betting apps for people with iPhones. In addition to the companies that we listed in the last section, Caesars Sportsbook is a likely participant, and its iOS app is top-notch.
One of the great things about legal sports betting is the competition between the sportsbooks. They offer sign-up bonuses and other promotions that result in free money in your account, and this is a commodity that is hard to find elsewhere.
The risk-free bet is one of the most common sign-up bonuses, and the highest one we have seen is the Caesars Sportsbook $5,000 risk-free bet. It is more common to see $1,000 or $2,000 offers.
You have to make the bet with money that you deposit into your account, and the risk-free promo can be viewed as insurance. If you win the bet, you do not need to use the insurance, and the winnings are yours to keep.
On the other hand, if you lose the bet, the amount of the bet will be refunded to your account in the form of site credit. You have to bet all the credit before you can withdraw any of it as real money.
Another type of welcome promotion is the deposit match bonus, and it is self-explanatory on the surface, but there is a catch. The sportsbook will match your initial deposit up to a certain percentage. There have been 100 percent match bonuses, but lesser percentages are more common.
Let’s say that you deposit $1,000 into an account with a 50 percent deposit match and a 5x playthrough requirement. You will have $1,500 in your account, but you have to make 5 x $1,500 ($7,500) in bets before you can withdraw the money.
You may come across a free bet promotion when sports betting in OH becomes legal. With this type of bet, you do not have to put up any of your own money because it is, in fact, a free bet.
If you win, the winnings are yours in most cases without a playthrough requirement, but this is not a set-in-stone rule.
It is natural to be a bit intimidated if you are starting a sports betting account for the first time, but it is actually quite simple. Because there are legalities involved, the sportsbooks need more information than a typical online store, but it is a painless process all things considered.
You will probably be able to register your account online when the Ohio sports betting bill has been enacted. However, Illinois requires people to register their accounts in person initially, so this is a possibility.
When sports betting in Ohio is live, you have to choose the first sports betting app that you want to utilize. After you have made your decision, you download the software and go through the registration process.
The first step is to establish your username and password, and the username may be your email address by default. You will then see fields for your full name, your date of birth, and your gender.
The site will ask for your physical address and your mobile phone number, and the answers to the security questions will come next. There will be some legal mumbo-jumbo that you have to acknowledge, and are required to share the last four digits of your Social Security number.
The number will trigger additional security questions, and this is an added layer of identity protection because no one but you would know the answers to the questions. This is possible because the last four digits of the Social Security number are tied to your personal information.
Account funding is the next step in the process. You will see a list of the different methods that are offered. Click on the one that works for you and enter the amount you want to deposit in the field you will see. It’s as simple as that, and there are ample approved deposit methods.
They vary somewhat by site, but these are the deposit methods that will probably be offered when online sports betting in Ohio is legal:
When you are making your initial deposit, you may naturally want to tread lightly, and this is understandable. We are not advising against it, but you should carefully consider the fact that you are letting an opportunity go to waste if you do not take advantage of the maximum bonus.
In order to take advantage of a bonus, you have to enter the appropriate promo code during the registration process. If you reach the sign-up page by clicking on a link advertising the welcome bonus, it may be auto-filled for you in advance.
Before you can make a bet, you will be required to download geolocation software, and you will receive a prompt.
This is necessary because Ohio sports betting is limited to people that are physically present in the state at the time they are making the wager. If you are in the state and the locator is working properly, you will be cleared to make your deposit.
The point spread bet is the most common type of wager on football and basketball games. This is a basic depiction of the way that a matchup would look on a betting menu:
Green Bay Packers -3
Detroit Lions +3
In this game, you know that the Lions are the home team because they are on the bottom. The Packers are -3, so they are the favorite. You will win a bet on the Packers if they win by more than three points, and the Lions will cover if they lose by less than three points.
If the Packers win the game by a score of 17-14, neither team covers the spread, and this is called a “push.” The wagers that were placed on either side would be returned to the bettors’ accounts.
Moneyline betting is when you place a wager on a team to win the game outright without regard to the score. If you bet a favorite on the moneyline, you will be receiving a negative number payout, which means that it will be less than even money.
Consider this hypothetical matchup:
Los Angeles Chargers +245
Kansas City Chiefs -300
You would have to bet $300 win $100 on the Chiefs because they are -300 favorites. If you bet $100 of the Chargers, you would win $245, and you would get the $100 that you originally bet back.
This type of wager is the standard bet for baseball and hockey games because there is no point spread in those sports.
There is no point spread per se for hockey and baseball, but there are puck lines and run lines, and they are usually -1.5 for all favorites. A moneyline is attached to each option, and it is variable based on the projected outcome.
The bookmakers will post an estimated total number of points, runs, or goals that will be tallied in each game. They utilize computer modeling with a bit of human insight to establish the totals, and you can choose the over or under.
Totals wagering is available on all four of the major sports in the United States. This can be a good bet if you want to have action on a game, but you really don’t have a strong opinion about the winner.
After a game has started, the online sportsbooks will continually update the odds based on the circumstances as they unfold. You can place a bet at any juncture based on the odds that are offered at any given moment. This is called live or in-game wagering.
You can get a fresh start and place a wager on the outcome of the second half of a football or basketball game. There is also quarter wagering that is restricted to the scoring in a particular quarter.
A parlay is a bet that has multiple different interests on the same ticket. You can have anywhere from two up to as many as 10 or more depending on the sportsbook.
Parlays are hard to win because you have to be right on every one of your selections, but the payouts are enticing. You can make parlay bets on any of the major sports.
Teaser wagers are also multiple team bets, and they are offered on football and basketball games because there is a point spread. With a teaser, you get extra points in your favor to add to the spread, but the payouts reflect the fact that you have an advantage.
A pleaser is kind of like a backward teaser. Instead of getting points to make it easier to cover, you surrender points against the spread. It is much more difficult to win, but the returns are generous.
The Ohio online betting sites will offer proposition wagering. This is a bet on an isolated aspect of a game. A proposition may be tied to the question of whether a player will score a touchdown, and there can be a prop about total yards that will be gained by a running back.
In addition to player propositions, there are team propositions, including number of field goals, alternative point spreads, total yards gained, and many others.
There is also the futures wager, which is a bet on something that is going to happen over time. You can bet on the team that is going to win the Super Bowl, the World Series, the NBA Championship, etc.
In addition to the ultimate championships, odds are posted on teams to win their conferences, divisions, and leagues. You will also see odds for player achievement awards, like the Heisman Trophy or the Cy Young Award.
Play + is a payment processing service for online gaming transactions. This is one of the methods that will be offered when legal sports betting comes to Ohio.
PayPal is a very familiar name to most people, and it is widely utilized. This is a simple deposit payout method that will invariably be available at the Ohio sports betting sites.
If you have a debit card, you can potentially have your payments processed through the card. This is a very simple and straightforward method that is ideal for many players.
An online bank transfer is another option. When you have linked your bank account and your sports betting account, all it takes is one click to initiate efficient transactions.
Ohio sports bettors can also get paid through eChecks. These transfers are facilitated through the utilization of the national automated clearinghouse, so they are often referred to as ACH transfers.
As we have touched upon, the sportsbooks will establish partnerships with license holders. Some of them will be casinos, so you can make deposits and withdrawals at the casino cage in person.
A paper check may be an option at some of the Ohio sportsbooks. This is clearly not the quickest way to transfer funds, but some people prefer it.
PayNearMe locations process transactions for online sportsbooks. They are typically located in convenience stores and other retail locations that are conveniently situated.
When legal sports betting goes live, Ohio residents will be able to take their love of sports to another level. These sites are well refined, and they offer some excellent features that will get your attention right away.
It can be intimidating to visit a legal sports betting site for the first time. This is fully understandable, but you will find that the interfaces are user-friendly and intuitive to navigate.
When you look at the layout, it is self-explanatory, and one step automatically leads to the next.
As soon as you land on a sports betting site, you will see the matchups and the odds for the most popular games on that day. There are columns for the point spread, the money line, and totals.
All the sports are listed on an additional column that is usually on the left side of the page, so if you want to bet on the NFL for instance, you can see the odds if you click on the sport.
Live betting is a relatively new feature that has become possible as technology has advanced, and you should not confuse it with live streaming. A live bet is a wager after the game has started, and live streaming is a broadcast of a sporting event in real-time.
Some of the Ohio sports betting sites will offer live streams, and this is a valuable free perk.
Ohio bettors will be able to access customer service through live chat, email, and over the phone. You may expect a difficult runaround because this is so common with companies that conduct their businesses online. In fact, the service in the sports gaming industry is surprisingly good.
Sports betting is a lot of fun, but you have to enter into the activity with a responsible mindset. You are gambling with your hard-earned money, and it is important to keep it in the proper perspective.
There are offshore sportsbooks that do not hold licenses in the United States. You should always make sure that you are playing at a reputable site that has been licensed by the state of Ohio.
You should establish a betting bankroll that you can afford to lose if it comes down to that, and you should stay within your budget. People get into trouble when they keep dipping into their bank accounts for more betting cash in an effort to win lost money back.
The licensed sportsbooks are totally legitimate, but they do employ marketing tactics when they hype their bonus promotions. You should make sure that you understand all the fine print so you are not unpleasantly surprised.
Research is an important part of the sports betting process. You should do your homework so you understand how to bet, and there is in-depth information about each matchup online.
Handicapping is actually part of the fun. You always have something to do with your spare moments, and most sports fans are statistics junkies anyway, so it is time well spent.
If you have more than one sports betting account, you can take advantage of multiple bonus offers. You can also shop for the best odds on the plays that you identify when you have accounts at multiple sites.
When you support the home team with some of your hard-earned cash, you put your money where your heart is, and the taste of victory is especially sweet. There are plenty of Ohio pro teams to bet on, and there are college sports betting opportunities as well.
NFL football is the most popular sport for bettors around the country by a wide margin. The Cincinnati Bengals take a lot of action from locals that support them through good times and bad.
The Browns have a nucleus of exciting young players, and the future looks bright. This is the other Ohio NFL team that you will be able to bet on when the OH sportsbooks are open for business.
College football will usually take a backseat to the pro variety, but there are exceptions to the rule. The Ohio State Buckeyes are a perennial powerhouse, and they are a source of pride for sports fans in the state.
The Cleveland Guardians (formerly the Indians) will be on the betting board when sports gaming is launched. A wager on your favorite team makes a good thing that much better when you are watching the game.
National League sports fans in Ohio put their faith in the Cincinnati Reds. They are a team on the upswing as legal sports betting starts to come into focus.
Lebron is long gone, but his mystique lives on in Cleveland. The Cavaliers are rebuilding, but you can make some money betting on the overachieving underdogs.
Sports betting is not legal at the time of this writing, but many industry insiders expect to see legalization before the 2021 football season is over.
The House legalization bill gives regulatory authority to the Ohio Lottery Commission, and the measure in the Senate empowers the Ohio Casino Control Commission.
All of the sites and the state regulators will emphasize the importance of responsible gambling. Too much of a good thing can become a problem, so you should be prepared to exercise discipline from the start.
It is not legal at the present time, but lawmakers expect to complete the legalization process before the end of the year.
It has not been determined, but the legal age for casino gambling is 21, so this will probably apply to sports betting as well.
The professional sports teams and the casinos in the state are interested in obtaining gaming licenses. Land-based sportsbooks will probably be located in casinos and close to sports venues.
There will definitely be Ohio sports betting apps.
It is unlikely. In other states, you simply have to be physically located in the state when you are placing a wager. Citizenship is not a requirement.
No firm date has been set, but you can check back with us to stay abreast of all breaking news.