Sports betting, a commonly enjoyed hobby around the world, is when a player predicts the outcome of sporting events and places a wager in the hopes their prediction is correct. Players can bet on many different sporting events such as a game of baseball, a football match, basketball, hockey, or motorsports. Sports bets are made against certain odds, often favoring bets made on the team less likely to win.
Online sports betting has made it all the easier for players to win big amounts of money, all from the comfort of their own home. Gamblers should always exercise caution when making sports bets online and ensure they only play at one of the reputable, trustworthy, and regulated casinos featured on Casino US.
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THE HISTORY OF SPORTS BETTING
There is no one point in history to pinpoint as the start of sports betting. Humans have been betting on the outcome of sporting events for thousands of years. People have always loved to throw all their support behind a team and hope that it makes a difference.
Over the years, horse racing has become one of the most popular forms of sports betting. It still remains so today.
Sports betting centers have opened all across the world, allowing players to make bets at a physical location. Nowadays, most gamblers prefer to place their wagers online. Online sports betting is surging in popularity.
Legality of Sports Betting
The issue of whether sports betting is legal in the USA has been a difficult one. Thankfully, it has gotten a lot simpler in 2020. At the end of 2017, the Supreme Court heard a case from New Jersey to overturn the Professional and Amateur Sports Protection Act of 1992, commonly known as PASPA. This piece of federal legislation prevented states from legalizing sports betting, even if the state wished to do so. While PASPA didn’t make it illegal for citizens to place wagers at off-shore sports books, states were prevented from permitting them. This made things more difficult, as the off-shore betting websites couldn’t be properly regulated. Only a handful of states were exempt from PASPA, including Nevada, Delaware, and Montana, because these states already had some form of legalized sports betting by the time PASPA became law. Out of those states, only Nevada offered full sports betting to residents and visitors.
However, New Jersey was able to get the Supreme Court to hear its case and several months after the hearing, PASPA was overturned. This doesn’t mean sports betting is legal in your state, it simply means that there is no longer a federal ban and states can decide for themselves if they want to allow it. Since PASPA was overturned, numerous states have legalized sports betting operations and numerous other states are planning to do so in the future. It is thought that, within the next few years, the sports betting market could become the largest regulated market in the world.
Different Types of Sports Betting
There is a wide range of different types of sports betting available for players to enjoy. People bet on almost every conceivable kind of sport, with online gambling sites offering sports betting on most sports.
Football, known as American Football to the rest of the world, is massive but not so much in the rest of the world. These Football bets can be made in any of the three big leagues, including the NFL, NCAA, and the CFL.
- Super Bowl: This is one of the most popular football players can wager on who they think will be the Superbowl winner. Wagers made at the start of a season will often have better odds for a player.
- Heisman Trophy: The Heisman Trophy is the most coveted award in the NCAA. Players can wager on who they think will be awarded the trophy.
Basketball is another one of America’s favorite sports to play and wager on. It is second only to Football in terms of overall popularity in the ‘States’. Gamblers have plenty of options when it comes to betting on a basketball match, and it’s enjoyable and simple.
- NBA – The NBA is the professional level of Basketball. There are plenty of teams that play regular matches, culminating in a final tournament between the top 16 teams from the East and West conferences, eight from each.
- College – College basketball is incredible, with hundreds of teams playing countless games. not to mention March Madness, which sees a huge number of teams facing off in a single-elimination tournament. Last team standing wins! This is an incredibly popular event to wager on.
Baseball is America’s pastime. From minor league to major league baseball, America will always love a day out at a baseball field. Many American gamblers wager on baseball games. There are many different ways to wager on baseball. They include:
- Overs and Unders: An over/under wager is quite simple. A bookmaker will predict the total number of points a team is likely to score in a season. A player will then bet whether the true total will be over or under the bookie’s prediction.
- Winning team: A basic bet, used in every team sport in the world. A player can bet on the team they think will win, and what the home run margin between the two will be.
- Player bets: Gamblers can wager on how many home runs or strikeouts a player will have in a game or in a season.
- Specific player bets: Golf bets can include bets made on a specific player’s performance in a tournament or a season.
- Tournaments: Players can bet on who will win each golfing tournament, and how many shots they will be ahead of their closest rival. Popular tournaments to bet on include the PGA Open, the PGA and LPGA Championships, and the Ryder Cup.
- Hole-in-Ones: The elusive hole-in-one is one of golf’s most coveted undertakings. A player can bet that a golfer will hit a hole-in-one during a certain tournament.
Tennis bets are usually made on who will win the men’s and women’s tournaments at the big championships. Some of the biggest tournaments include the French Open, the Australian Open, and Wimbledon.
There are many, many different ways in which American players can wager on sports. Nearly all sports games can be wagered on, though not all online gambling sites offer betting on every kind of sport.
SPORTS BETTING – AMERICAN, FRACTIONS AND DECIMALS
In other parts of the world, the odds on any sports bet will be displayed in one of two ways, either fraction or decimals. Fractions, which are the most common, are usually displayed as something like 4/1. Decimals will be written as 5.84, for example. The more likely a team is of winning, the less profit a player will make if they do.
Decimals make it easier for the layman gambler to understand what their possible payout from a wager might be. So, if a player makes a $20 wager, and the odds are written in decimal as 1.29, their possible payout will be $25.8. Decimal odds are written in a way that shows what the player will get for what they stake, eg. 29c for every $ they stake. This is why it is written as 1.29.
A bet with the same odds as the example used above in the would be written as 2/7. Fractionals are the more common way of writing the odds of a bet. Fractionals are written in a way that shows the profit a player will make, eg. $2 profit for every $7 they stake or simplified as $1 profit for every $3.50 they stake.
This handy table will make it much easier to understand.
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However, here at home we have our own way of displaying the odds. In the USA, the odds will normally be displayed like this: -200 Team A, +300 Team B. In this case, Team A is the favorite. Essentially what these odds mean is that if you wanted to win $100 on Team A, you would need to bet $200. However, a $100 bet on Team B would win you $300 if they win. While it might seem quite confusing, it really is very simple. The negative number, the favorite, is how much you need to bet to make $100 profit, while the positive number, for the underdog, is how much you would make if you made a $100 bet.
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SPORTS BETTING FAQ
Can I make sports bets from my smartphone?
Definitely! Players who want to place bets on sports games can do so as they normally would play mobile casino games, either via a smartphone app or via a mobile browser at certain casinos and sportsbooks.
Is sports betting safe when made online?
For sure. As long as players only wager at the licensed and regulated casinos featured on Casino US. The casinos featured on Casino US are all regulated by eCOGRA, and employ the latest and greatest encryption methods to keep players’ information safe.
What sports events/games/tournaments can I bet on?
It is possible to bet on nearly every conceivable popular sport in the world, especially online. Though, not all casinos allow players to wager on any sport. Each casino will offer its own set of sports games for players to wager on.
Is it possible to make money with online sports betting?
Yes. Many American players use sports betting as a fun pastime that gives them the chance to boost their bank balances while playing a fun game. Players should not use sports betting as their primary source of income, nor is it meant to replace a salary. Sports betting simply allows players to have fun, while still having the chance to make some money.
Do I need to be an expert in every sport I wager in?
No, but it helps. American gamblers need not be experts in every sport in the world, but learning some of the rules of the game, especially relating to the bet being made, will ensure that players do not bet more than they need, or make bets that they are bound to lose.
Do all sports betting sites have the same odds?
No. Each casino or sports betting site determines its own odds. Players should always look at what odds the different sports betting sites and casinos offer, and choose the one that has the best odds. No one casino has the best odds, it differs from casino to casino.
How does fantasy sports betting differ from regular sports betting?
Fantasy sports betting works a lot differently to regular sports betting. Fantasy sports require that players create their own teams. Players are given points according to their chosen fantasy team players’ performance in real life. At the end of a season/tournament, players win money based on their position on a leaderboard.