Sports Betting

Sports Betting

Sports Betting


Moneymaker

Sports betting is a huge money-maker. New Jersey just made history.

The race to legalize sports betting is in full swing, with Delaware the first state to get off the ground last week. That was followed by Oregon, which is expected to launch its sports book by the end of the week.

The hope is that they’ll both be joined by Delaware, which started accepting sports bets at its state-owned casinos on Monday.

The growth is on the Las Vegas Strip, too, where sports books opened on June 5 at the Sands Expo and Convention Center. It’s the same day the start of the U.S. Open golf tournament.

The high rollers are coming — big-time. Last week at the Sands Hotel, sports book director Ron Reese told CNBC that there are already 22 large-stakes bettors at the hotel and “more than $10 million” has been put in play so far.

If Delaware goes live by the end of the week, expect Nevada to be the next state to allow sports betting. Gov. Brian Sandoval signed a bill in April that would legalize sports betting in the state.

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Florida was the first state to legalize sports betting back in May. Since then, eight other states — Georgia, Mississippi, Rhode Island, Pennsylvania, South Carolina, Virginia, West Virginia and New York — have followed suit.

According to the American Gaming Association, more than $3.9 billion in legal bets were made on sports events from June 1-June 18, which was a record for the first five months of the year.

Some casinos, like the Borgata in Atlantic City, took sports bets at the beginning of June, but they have since become hard to find.

A limited number of spots are still available at casinos in New Jersey, and online wagering is also available in case you want to bet without leaving home.

Because so many more casinos and states will eventually be participating in the new wagering market, it’s important to do your homework to make sure you’re choosing the right sportsbook for you.

There are so many different bookmakers and casinos these days, and it’s best to look for the highest percentage of odds that’s right for you.

If you’re looking for the fastest action, you’ll want to visit a sportsbook that’s open 24 hours. That way, if the world’s most famous baseball player hits a home run, you’ll be the first in line to take your profits.

There are also numerous pros and cons to be aware of when you choose a sportsbook. You’ll want to make sure the casino or book can provide the best player and game odds, along with the ability to bet with a deposit and credit cards.

You also want to make sure you can wager on your favorite teams, players, games and tournaments. Most sportsbooks only offer bets on games and certain events. But if you want to wager on all of them, there are casinos and bookmakers that offer the ability to wager on literally anything, from the NCAA Final Four to the upcoming World Cup.

Tips & Tricks

A good way to make sure you know what you’re getting with your wager is to visit a sportsbook for the first time. If you have an existing account with a particular casino, you can usually bet using your account or visit one of the websites that provide free player accounts.

If you can, try to bet with a casino you’re already familiar with. And if you want to bet on a game or event, you’ll need a player account to place a bet.

Having the right player account is a big part of your winnings. Once your account is set up, you’ll get a wagering ticket with your account name on it. You can place your bet in the sportsbook with cash, credit or the Players Card you have.

You can use the player account to transfer money from your account to a casino account, or vice versa. But you’ll have to use the same wagering ticket with the same account number. If you want to move money from your casino account to a player account, you’ll need to get your betting ticket from the casino’s wagering menu. You can also set up a wagering profile and place bets with the Players Card.

But if you don’t know how to play the games, or you’re unsure if the casinos and books you’re visiting will accept your Players Card or player account, you’ll want to avoid the exchange process altogether and use cash or credit.

Once you have the information you need, the rest of your research is just math. Bet on the teams and games you want to play, and cash in when the games are over.

Good Luck,

Kristin Williams

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