Sports Betting Q&A
Answers to 172 frequently asked questions about sports betting
What are some current trends in sports betting?
Betting trends usually refer to what the public is doing. You have two choices, to follow the public or fade the public.  read more
Who benefits from sports betting?
Sports betting not only benefits each state, but it also gives fans another way to enjoy games.  read more
What is a sports betting model?
A sports betting model is a system that can identify unbiased picks to determine the probability for all outcomes in a certain game.  read more
What is a sports betting exchange?
A sports betting exchange allows bettors to bet against each other instead of through a bookmaker.  read more
What are some tips for managing your bankroll when betting on sports?
The most important tip when betting on sports is to limit each bet to be between one and five percent of your bankroll.  read more
Can sports betting be a career?
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.  read more
Can sports betting make you rich?
Sports betting is unlikely to make you rich unless you turn it into a full-time job and become one of the best bettors in the world.  read more
Is sports betting a waste of money?
Sports betting is not a waste of money if you define your goals before making your first wager.  read more
Can sports betting be profitable?
Sports betting can be profitable, but the majority of bettors lose money, which is why sportsbooks exist.  read more
What some simple tips for betting on sports?
A simple tip for betting on sports is to remember that only a small percentage of bettors are profitable in the long run.  read more
What are some good sports betting tips for beginners?
A tip for beginners may be that turning a profit in sports betting is difficult and because you "know sports" doesn't mean you'll be successful.  read more
How do you win at sports betting?
To win at sports betting, one has to put time into studying and researching various aspects of a matchup.  read more
Why should sports betting be legal?
Sports betting should be legal because not only is it another way for fans to enjoy action, but it's also a boost to the economy.  read more
Is sports betting rigged?
Sports betting is not rigged, but it is against your favor because of the vig.  read more
What is the tax rate on sports betting winnings?
When PASPA was overturned in 2018, states began legalizing sports betting and introducing different taxes on revenue.  read more
How do sports betting payouts work?
Sports betting payouts depend on which type of odds are being used.  read more
What is a bookie in sports betting?
A bookie is someone who facilitates gambling by setting odds, accepting and placing bets, and then paying out the winnings.  read more
What are some popular sports betting books?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular sportsbooks where sports betting is legal.  read more
Which sports betting site is best?
BetMGM, DraftKings, FanDuel and PointsBet are some of the more popular online sportsbooks where betting is legal.  read more
What is a hedge in sports betting?
A hedge is a method to reduce risk and secure winnings for a specified bet.  read more
What is the spread in sports betting?
The spread, also referred to as the line, is used to even the odds between two unevenly matched teams.  read more
How do sports betting spreads work?
Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams.  read more
What does hook mean in sports betting?
The hook means a half-point in sports betting.  read more
What is arbitrage in sports betting?
Arbitrage in sports betting is when someone places bets on all possible outcomes of an event at odds that guarantee profit.  read more
Can you arbitrage sports betting?
Arbitrage sports betting is legal, though it's frowned upon by bookmakers.  read more
How are sports betting odds calculated?
Sports betting odds are calculated with the main goal for sportsbooks being to receive equal money on both sides of a bet.  read more
How do you read sports betting odds?
Odds can refer to moneyline, spread or total bets, and they can be displayed as American, British (fractional) or European (decimal).  read more
How do sports betting odds/lines work?
Sports betting odds and lines specify the implied probability of an outcome and how much money can be won.  read more
Can you bet on sports without an ID?
Legally, there is no way to bet on sports without an ID because the minimum age in all states is either 18 or 21 years old.  read more
Can you bet on sports online?
Yes. But while betting on sports is legal in almost half the states in the country, not all of them allow online wagering.  read more
Are sports betting apps and sites legal?
Yes. After PASPA was repealed in 2018, sports betting was legalized on a state-by-state basis.  read more
How do sports betting companies make money?
Sports betting companies make money by collecting a commission on losing bets, which is often called the vigorish.  read more
Which sports betting sites accept PayPal?
Most online sports betting sites accept PayPal, namely DraftKings and FanDuel.  read more
What is the handle in sports betting?
The handle in sports betting is the amount of money in wagers accepted over a specific period of time.  read more
What does rollover mean in sports betting?
Rollover is the wagering requirement imposed by an online sportsbook that you need to bet before a bonus becomes eligible.  read more
How does sports betting work in Vegas?
Vegas remains the go-to place for sports betting even as states continue to legalize wagering throughout the country.  read more
What is a moneyline in sports betting?
A moneyline bet in sports refers to a wager on the winning team.  read more
What is a bad beat in sports betting?
A bad beat is when you lose a bet after it all but looked like a guaranteed winner.  read more
Are sports betting winnings taxable?
Yes. Sports betting is a type of gambling which means winnings are fully taxable and must be reported on tax returns.  read more
What is a unit in sports betting?
A unit in sports betting is a measurement of the size of a given bet.  read more
What is a bankroll in sports betting?
A bankroll is the amount of money you have set aside for sports betting.  read more
Do sports betting sites require a minimum deposit?
Yes. Most betting sites require a minimum deposit, though it differs across the board.  read more
Can you bet on sports without a social security number?
Yes, you can bet on sports without a social security number.  read more
Can you bet on sports with bitcoin?
No, not legally. Most legal sportsbooks around the country won't allow you to make bets with bitcoin.  read more
Can you bet on sports with Venmo?
No, not legally. Most legal sportsbooks around the country won't allow you to make bets with Venmo.  read more
What are sports betting futures?
A futures bet is a bet on a future event, usually before a season starts.  read more
What is the vig in sports betting?
Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice.  read more
What does juice mean in sports betting?
Juice is another name for vig, which is the cut or amount charged by a sportsbook for taking a bet.  read more
What does edge mean in sport betting?
An edge in sports betting is the ability to find bets that have a higher probability of happening than the odds you receive.  read more
When was sports betting legalized?
Sports betting was allowed to be legalized at a state level in 2018 after PASPA was struck down.  read more
Which states in US have legal sports betting?
As of 2020, there are 21 states (and Washington D.C.) that have legalized sports betting.  read more
Is betting on sports legal?
Yes. After PASPA was repealed in 2018, sports betting was legalized on a state-by-state basis.  read more
How do free bets work in sports betting?
Free bets in sports betting are often connected to deposits and are also referred to as bonuses.  read more
What are sports betting picks?
Sports betting picks are plays and suggestions for certain events, often from a handicapper or tout.  read more
Who are sports betting handicappers?
A sports betting handicapper is someone who studies and wagers on sporting events.  read more
What are sports betting touts?
A sports betting tout is an individual who sells picks often in exchange for an up-front payment.  read more
What does public money mean in sports betting?
Public money is the amount of money the majority of people are betting on a certain side.  read more
What does taking points mean in sports betting?
Taking points refers to the favorite in sports betting, which is the opposite of giving (laying) points.  read more
What does giving points mean in sports betting?
Giving points refers to the favorite in sports book, which is the opposite of receiving points.  read more
What is a teaser in sports betting?
A teaser is a type of parlay bet in which you alter the spreads or totals for a better chance of winning.  read more
What do + and - mean in sports betting?
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds.  read more
What is a parlay in sports betting?
A parlay is a bet on two or more point spreads, over/unders or moneylines to increase the possible payout.  read more
Is sports betting legal in Tennessee?
Yes. Tennessee sports betting was legalized in 2019 and is expected to launch as soon as sports resume in 2020.  read more
When will sports betting be legal in Tennessee?
Sports betting was legalized in 2019 and is expected to launch as soon as sports resume in 2020.  read more
When will sports betting be legal in West Virginia?
West Virginia passed a law to legalize and regulate sports betting in 2018 prior to the repeal of PASPA.  read more
Is sports betting legal in Nevada?
Yes. Nevada is the lone state that has held sports betting throughout PASPA since it went into effect 1992.  read more
When will sports betting be legal in Nevada?
Nevada is the lone state that has held sports betting throughout PASPA.  read more
Can you bet on sports if you are under 21 years old?
While 21 is the more common age limit, there are states in which you can bet on sports if you are at least 18 years old.  read more
Can you bet on sports if you are under 18 years old?
No. You cannot legally bet anywhere unless you are at least 18 years old.  read more
Can you bet on the Super Bowl?
Yes. Where legal, the Super Bowl is one of the most popular sporting events to bet on in the world, if not the most popular.  read more
What is an over/under in sports betting?
An over/under is the total number of points, runs or goals in a specific game.  read more
What does push mean in sports betting?
A push in sports betting occurs when the point spread or point total hits the exact number in which you bet.  read more
When will sports betting be legal in North Dakota?
Sports betting in North Dakota remains illegal after two bills didn't make it through legislature in 2019.  read more
When will sports betting be legal in New York?
New York was one of the first states to legalize sports betting once the PASPA ruling passed the Senate in 2018.  read more
When will sports betting be legal in Indiana?
Sports betting in Indiana was legalized September 2019 and online gambling launched a few months later.  read more
When will sports betting be legal in Illinois?
Illinois passed sports betting legislature June 2019 and launched at physical sportsbooks March 2020, becoming the 15th state to offer wagering.  read more
When will sports betting be legal in Alabama?
Sports betting is not legal in Alabama, but legislature was in the works as of 2020.  read more
When will sports betting be legal in Alaska?
Sports betting is not legal in Alaska, though there are signs of that changing in the future.  read more
When will sports betting be legal in Arizona?
Sports betting is not legal in Arizona, but a bill was in the works early 2020.  read more
When will sports betting be legal in Arkansas?
Sports betting was legalized in Arkansas in 2018 , but it remains illegal online.  read more
When will sports betting be legal in California?
Sports betting is not legal in California, but that could change as soon as November 2020.  read more
When will sports betting be legal in Colorado?
Colorado legalized in-person and mobile sports betting November 2019 after a bill was signed by the governor and then approved by voters.  read more
Is sports betting legal in Connecticut?
No. Sports betting continues to face issues in trying to get the state and tribal casinos on the same side.  read more
When will sports betting be legal in Connecticut?
Two sports betting bills in Connecticut were passed March 2020, but the state and tribal casinos have not been able to agree on terms.  read more
When will sports betting be legal in Delaware?
Delaware was the first state in the country other than Nevada to legalize sports betting in June 2018.  read more
When will sports betting be legal in Florida?
Sports betting is not legal in Florida, though that could change at some point in 2020.  read more
When will sports betting be legal in Georgia?
Sports betting is prohibited in Georgia and the future is unclear for legalization.  read more
When will sports betting be legal in Hawaii?
Sports betting is illegal in Hawai'i and that doesn't appear to be changing in the near future.  read more
Is sports betting legal in Colorado?
Yes. Colorado legalized in-person and mobile sports betting in November 2019.  read more
When will sports betting be legal in Idaho?
Sports betting is illegal in Idaho and that's unlikely to change in the near future.  read more
When will sports betting be legal in Iowa?
Iowa legalized sports betting in May 2019, becoming the 11th state to do so.  read more
When will sports betting be legal in Kansas?
Sports betting is not legal in Kansas, but that could change at some point in 2020.  read more
When will sports betting be legal in Kentucky?
Sports betting is illegal in Kentucky despite multiple attempts to pass a bill, though there is hope that could change at some point in late 2020.  read more
When will sports betting be legal in Louisiana?
Sports betting is illegal in Louisiana despite numerous attempts to legalize it the last couple years.  read more
When will sports betting be legal in Maine?
Maine's governor vetoed a sports betting bill in early 2020 and while the Senate and House tried to overturn it, they didn't succeed.  read more
When will sports betting be legal in Maryland?
Sports betting is not legal in Maryland, but a bill to change that will be on the November 2020 ballot.  read more
When will sports betting be legal in Massachusetts?
Sports betting was not legal in Massachusetts as of spring 2020, but that could change at any time following approval.  read more
When will sports betting be legal in Michigan?
Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened March 2020.  read more
When will sports betting be legal in Minnesota?
While lawmakers have proposed changes to the sports betting bill every year, Minnesota appears multiple years away from legalization.  read more
When will sports betting be legal in Mississippi?
Sports betting officially launched in Mississippi in August 2018 and is only legal at licensed casinos that have received authorization.  read more
When will sports betting be legal in Missouri?
Sports betting is not legal in Missouri, but that could change as soon as 2020.  read more
When will sports betting be legal in Montana?
Sports betting in Montana was legalized in 2019 and officially launched March 2020.  read more
When will sports betting be legal in Nebraska?
Sports betting is not legal in Nebraska and while there are bills in the works to change that, it is a long way from happening in 2020.  read more
When will sports betting be legal in New Hampshire?
New Hampshire became the 16th state to legalize sports betting when a bill was passed in 2019.  read more
When will sports betting be legal in New Jersey?
New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision.  read more
When will sports betting be legal in New Mexico?
While there is no technical legislation for legalized sports betting, there are four operational retail sportsbooks located at casinos.  read more
When will sports betting be legal in North Carolina?
Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of spring 2020.  read more
When will sports betting be legal in Ohio?
Sports betting is not legal in Ohio, but that could change as soon as 2020.  read more
When will sports betting be legal in Oklahoma?
Sports betting is not legal in Oklahoma and it doesn't appear close to changing.  read more
When will sports betting be legal in Oregon?
Sports betting is legal in Oregon and can be done through the state lottery.  read more
When will sports betting be legal in Pennsylvania?
Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.  read more
Is sports betting legal in Pennsylvania?
Yes. Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.  read more
When will sports betting be legal in Rhode Island?
Sports betting is legal online and at two physical sportsbooks in Rhode Island.  read more
When will sports betting be legal in South Carolina?
As it stands in 2020, South Carolina is one of the least likely states to legalize sports betting.  read more
When will sports betting be legal in South Dakota?
Sports betting is not legal in South Dakota, but residents will get a chance to decide if they want to change that in the November 2020 election.  read more
When will sports betting be legal in Texas?
Sports betting is not legal in Texas and the prospects of that changing are bleak.  read more
When will sports betting be legal in Utah?
Sports betting is not legal in Utah and may be one of the last states to legalize it if it does happen at all.  read more
When will sports betting be legal in Vermont?
Sports betting is not legal in Vermont, but a bill is in the works and could be approved by 2021.  read more
When will sports betting be legal in Virginia?
Sports betting is not legal in Virginia, but that is likely to change at some point in 2020.  read more
Is sports betting legal in Washington D.C.?
Yes. Sports betting is legal in Washington D.C., but it has yet to launch.  read more
When will sports betting be legal in Washington D.C.?
A sports betting bill officially passed 2019 and has hit numerous snags since which is why it hadn't launched as of spring 2020.  read more
When will sports betting be legal in Washington?
The governor signed a bill legalizing sports betting March 25, 2020.  read more
Is sports betting legal in Washington?
Yes. The governor signed a bill into law March 25, 2020, legalizing sports betting.  read more
When will sports betting be legal in Wisconsin?
Wisconsin's constitution prohibits gambling and there is no legislation in the works to legalize sports betting in the state.  read more
When will sports betting be legal in Wyoming?
Sports betting is not legal in Wyoming and that ruling is unlikely to change in the near future.  read more
Is sports betting legal in Wisconsin?
No. Sports betting is not legal in Wisconsin and no legislation is planned to change that.  read more
Is sports betting legal in Alabama?
No. Sports betting is not legal in Alabama, but there was legislature in the works as of 2020.  read more
Is sports betting legal in Alaska?
No. Sports betting is not legal in Alaska, though there are signs of that changing in the future.  read more
Is sports betting legal in Arizona?
No. Sports betting is not legal in Arizona, but a bill was in the works early 2020.  read more
Is sports betting legal in California?
No. Sports betting is not legal in California, but that could change as soon as November 2020.  read more
Is sports betting legal in Florida?
No. Sports betting is not legal in Florida, though that could change at some point in 2020.  read more
Is sports betting legal in Hawaii?
No. Sports betting is illegal in Hawaii and that doesn't appear to be changing in the near future.  read more
Is sports betting legal in Idaho?
No. Sports betting is illegal in Idaho and while they allow some gambling, sports gambling is not considered to be close.  read more
Is sports betting legal in Georgia?
No. Sports betting is prohibited in Georgia and the future is unclear for legalization.  read more
Is sports betting legal in Kansas?
No. Sports betting is not legal in Kansas, but that could change at some point in 2020.  read more
Is sports betting legal in Kentucky?
No. Sports betting remains illegal in Kentucky despite multiple attempts to pass a bill.  read more
Is sports betting legal in Nebraska?
No. Sports betting is not legal in Nebraska and while there are bills in the works to change that, it is a long way from happening in 2020.  read more
Is sports betting legal in Louisiana?
No. Sports betting is illegal in Louisiana despite numerous attempts throughout the last couple years.  read more
Is sports betting legal in Maine?
No. Maine's governor vetoed a sports betting bill in early 2020 and while the Senate and House tried to overturn it, they didn't succeed.  read more
Is sports betting legal in Maryland?
No. Sports betting is not legal in Maryland at the moment, but a bill to change that will be on the November 2020 ballot.  read more
Is sports betting legal in Massachusetts?
No. Sports betting was not legal in Massachusetts as of spring 2020.  read more
Is sports betting legal in Minnesota?
No. While lawmakers have proposed changes to the sports betting bill every year, Native American tribes have yet to change their stance.  read more
Is sports betting legal in Missouri?
No. Sports betting is not legal in Missouri, but that could change as soon as 2020.  read more
Is sports betting legal in North Dakota?
No. Sports betting in North Dakota remains illegal after two bills didn't make it through legislature in 2019.  read more
Is sports betting legal in Ohio?
No. Sports betting is not legal in Ohio, but that could change as soon as 2020.  read more
Is sports betting legal in Oklahoma?
No. Sports betting is not legal in Oklahoma and that doesn't appear close to changing.  read more
Is sports betting legal in South Carolina?
No. While sports betting bills have been introduced in South Carolina throughout the years, none of them have been close to getting approval.  read more
Is sports betting legal in South Dakota?
No. Sports betting is not legal in South Dakota, but residents will get a chance to decide if they want to change that in the 2020 election.  read more
Is sports betting legal in Texas?
No. Sports betting is not legal in Texas and the prospects of that changing are bleak.  read more
Is sports betting legal in Utah?
No. Sports betting is not legal in Utah and may be one of the last states to legalize it if it does happen at all.  read more
Is sports betting legal in Vermont?
No. Sports betting is not legal in Vermont, but a bill is in the works and could be approved by 2021.  read more
Is sports betting legal in Virginia?
No. Sports betting is not legal in Virginia, but that is likely to change at some point in 2020.  read more
Is sports betting legal in Wyoming?
No. Sports betting is not legal in Wyoming and that doesn't appear to be changing in the near future.  read more
Is sports betting legal in West Virginia?
Yes. West Virginia passed a law to legalize and regulate sports betting in 2018 prior to the ending of PASPA.  read more
Is sports betting legal in North Carolina?
Yes. Sports betting is legal in North Carolina, but it's only available at two casinos, which weren't open as of spring 2020.  read more
Is sports betting legal in New Mexico?
Yes. While there is no technical legislation for legalized sports betting, there are four operational sportsbooks at casinos throughout New Mexico.  read more
Is sports betting legal in Rhode Island?
Yes. Sports betting is legal online and at two physical sportsbooks in Rhode Island.  read more
Is sports betting legal in Oregon?
Yes. Sports betting is legal in Oregon and can be done through the state lottery.  read more
Is sports betting legal in New Hampshire?
Yes. Sports betting is legal in New Hampshire but only online through DraftKings Sportsbook.  read more
Is sports betting legal in Montana?
Yes. Sports betting was legalized in 2019 and officially launched March 2020 through Montana Lottery.  read more
Is sports betting legal in Mississippi?
Yes. Sports betting officially launched in Mississippi in August 2018 and is only legal at licensed casinos that have received authorization.  read more
Is sports betting legal in Iowa?
Yes. Iowa legalized sports betting in 2019, becoming the 11th state to pass a bill.  read more
Is sports betting legal in Illinois?
Yes. Illinois passed sports betting legislature in 2019 and launched at physical sportsbooks in March 2020.  read more
Is sports betting legal in Delaware?
Yes. Delaware was the first state in the country other than Nevada to legalize sports betting in June 2018.  read more
Is sports betting legal in New Jersey?
Yes. New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision.  read more
Is sports betting legal in Arkansas?
Yes. Sports betting was legalized in Arkansas in 2018 and launched at physical locations a year later.  read more
Is sports betting legal in Indiana?
Yes. Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later.  read more
Is sports betting legal in Michigan?
Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.  read more
Is sports betting legal in New York?
Yes. Sports betting at physical sportsbooks is legal, but you cannot bet online in New York.  read more
What is an underdog in sports betting?
An underdog is the team or individual expected to lose a particular event.  read more
What is a favorite in sports betting?
A favorite is the team or individual expected to win a particular event.  read more
What are some common sport betting slang words / jargon?
If you've never bet before, there are surely a lot of words and phrases you've never heard before and even if you have bet before, you may not know...  read more