Sports betting has exploded in the last few years. It seems as though you can’t watch a sporting event without seeing an ad to place sports bets online.
There are still a lot of questions about placing bets on sports. Is it legal? How can you place bets online? What sites can you use? Is sport betting safe?
You want to be sure that sports betting is fun, too. After all, that’s what it’s about.
You’ll want to read on because this article answers the most pressing questions about placing sports bets. Find out the basics and learn how to win.
Is Betting Online Legal?
About 12% of the bridges in Mississippi need repairs and 28% of the roads are in dire need of repairs, too. What does that have to do with sports betting?
A lot, actually. Mississippi legalized sports betting and it plans to use the funds from sports betting to improve the infrastructure within the state.
States don’t have the funds to make these repairs and other projects, so they look to other sources of revenue besides raising taxes.
That’s where sports betting comes into play.
Sports betting has pretty much been illegal since 1992 when Congress passed PASPA, the Professional and Amateur Sports Protection Act. This law was driven by sports leagues that thought sports betting tarnished the integrity of their respective sports.
You have to remember that this was a few years after baseball legend Pete Rose was accused of betting on baseball when he was a player and manager. It was a huge scandal, which resulted in a lifetime ban from baseball.
With the passage of PASPA, sports betting was made illegal in every state, except for Nevada and a couple of others that opted to keep sports betting laws on the books.
If you wanted to bet on sports, you’d have to turn to offshore betting sites that would accept your bets, work with a local bookie, or play in an office pool.
Murphy v. National Collegiate Athletic Association
In 2010, the state of New Jersey realized it was losing about $600 million a year in revenue because sports betting was illegal. The state turned towards overturning PASPA.
A referendum passed in 2011, and a court battle began as sports organizations fought the referendum. State leaders thought that PASPA was federal overreach, and the case wound up at the Supreme Court.
In May 2018, the Court ruled in favor of New Jersey, which made sports betting legal at the federal level. It’s up to states to pass laws to legalize sports betting.
Now, you can place sports bets in 19 states. Some of these laws offer only in-person sports betting. Others allow online betting and in-person sports bets.
Placing Bets Online Safely
A major concern for sports bettors is whether or not gambling online is safe. That’s the good thing about legalized sports betting. It’s regulated and required to be safe.
Gambling sites have to register with the state’s gaming board or commission to enter the states where betting is legal. This ensures that you’re not betting with fly-by-night companies because they had to put up millions of dollars for the gaming license.
These companies are under scrutiny to provide secure payment methods and keep your account information safe.
Of course, there are no guarantees. Just know that the sites that are registered to operate with state gaming boards go above and beyond to protect you.
You want to make sure that the site you choose is licensed in your state. If you live in a state where sports betting is still illegal, you need to travel to a state where it is legal to place bets.
How to Bet on Football
One of the most popular sports to bet on is football. The Super Bowl alone generates billions of dollars in sports bets. You want to know how to bet on football first so you can win big.
There are a few basic bets in football. The first is the point spread. This is where the underdog is given points to make the bet a little more compelling. The point spread is added to the underdog’s score and if they come out ahead of the favorite, you win the bet.
There’s also a straight bet, where you just bet on the team that will win the game. There’s not a point spread in this bet, either you win or lose.
The bets that are the most fun are proposition bets and future bets. You’ll see these during the Super Bowl. You can bet on the coin toss, who scores the first touchdown, who kicks the first field goal, and the score at the end of the first quarter.
How to Bet on Basketball
Basketball betting uses similar concepts, but they’re presented a little differently. There are point spread bets, which will be similar to football bets.
There are moneyline bets, which are straight bets to pick the winners. The moneyline bets are handicapped, so you could win more if you bet on the underdog.
Placing Sports Bets to Win
There’s no doubt that if you want to enhance the way you enjoy sports, sports betting is the way to go. You have something at stake, just like the players on the field.
Placing bets online isn’t as intimidating as you think. It’s legal in many states and heavily regulated. It’s much easier to find a sports betting site or app that’s legal and safe.
It’s almost too easy to sit on the couch and gamble all day, so you want to watch your budget. Make sure that you keep a tight lid on your bankroll.
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