Question 1

When do NFL Week 1 odds come out?

Accepted Answer

NFL Week 1 odds came out on all the best sportsbooks following the release of the 2024-25 NFL schedule in May. These first set of NFL Week 1 odds that are released are referred to as the "opening" lines.When does NFL Week 1 start in 2024?NFL Week 1 kicks off on Thursday, September 5, 2024, with the first game starting at 8:20 p.m. ET on Thursday Night Football on NBC. The opening matchup features a thrilling rematch of the 2023 AFC Championship game between the Baltimore Ravens and the Kansas City Chiefs.

Question 2

Is sports betting legal in Virginia?

Accepted Answer

Yes. Sports betting laws went into effect July 2020 after the governor signed the final bill. However, there were still some hoops to go through and residents weren't able to make their first bets until January 2021. Now, there are 14 Virginia sportsbooks.According to the legislation, sports betting is allowed in person and online via the state lottery which is in charge of approving licenses. Of note, bettors can not wager on Virginia college teams.FanDuel Sportsbook was the first to launch after securing a partnership with the Washington Football Team.If you're ready to start sports betting in Virginia, be sure to claim our exclusive Virginia sportsbook promos for bonus bets and other sign-up offers.

Question 3

When will sports betting be legal in Ohio?

Accepted Answer

Ohio sports betting is currently legal. The state takes bets as of January 1, 2023.Several Ohio sportsbook promos are now available to claim, valued at thousands of dollars in bonuses.

Question 4

Is sports betting legal in Maryland?

Accepted Answer

Yes. Sports betting was legalized and regulated in 2021, and launched in December 2021. Online sports betting launched on November 23, 2022.While it passed, lawmakers have to draw up more specifics in relation to online and in-person betting, which means the best-case scenario will be late 2021. The overall support of legalized sports betting has been soft in recent polls, though the recent wording change could help matters.Like most states, Daily Fantasy Sports and horse racing betting are legal in Maryland. Fantasy sports were officially legalized in 2012, but regulations were added in 2017, which included the prohibition of contests based on amateur or college sports.If you're interested in sports betting in Maryland, be sure to check out our exclusive Maryland sportsbook promos, available to claim today.

Question 5

Is sports betting legal in Massachusetts?

Accepted Answer

Yes, sports betting is live in Massachusetts as of March, 2023.Like most states, Daily Fantasy Sports and horse racing betting are both legal in the state. Fantasy sports were legalized in 2016 with a couple different rules than most states. Most notably, the minimum age of participation for DFS is 21 years old compared to 18 almost everywhere else, while contests involving college games are not allowed. More relevant for the state is that there are no fees or taxes for fantasy contests.If you're ready to start betting on sports in Massachusetts, be sure to monitor our latest Massachusetts sportsbook promos.

Question 6

Is sports betting legal in Michigan?

Accepted Answer

Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened March 2020. Sportsbooks will continue to open, while online sports betting launched January 2021.The first three sportsbooks to open in Michigan were in Detroit, but there are 23 tribal casinos throughout the state that could take part in sports betting with some already having deals.Daily Fantasy Sports were formally legalized December 2019, but fantasy sites operated in Michigan long before that. The most notable rule in the bill is that the minimum participating age is 18, as opposed to 21 for sports betting.If you're a new sports bettor in Michigan, be sure to check out our exclusive Michigan sportsbook promos, updated weekly.Michigan SportsbooksBarstool SportsbookGreektown Casino, DetroitBarstool Sportsbook is located near Trappers Bar and features four wagering windows along with 40 self-service kiosks throughout the casino. The sportsbook also features 25 HDTVs and a 30-foot video wall.Sunday - Thursday: 9 a.m. - 12 a.m.Friday - Saturday: 9 a.m. - 2 a.m.BetMGMMGM Grand, DetroitThe BetMGM Sports Lounge has six betting windows, 14 self-service kiosks, 60 HDTVs, lounge seating and a full bar with craft cocktails and local beers. Reservations can be made through the MGM website. Online betting can be done through BetMGM.SportsbookMonday - Sunday: 9 a.m. - 11 p.m.LoungeMonday - Sunday: 11 a.m. - 1:30 a.m.BetRiversLittle River Casino Resort, ManisteeIn partnership with BetRivers, the River Rock Sportsbook & Grill has betting windows in the restaurant and 12, 24-hour sports-betting kiosks.Sportsbook Hours:Monday - Thursday: 2 p.m. - 12 a.m.Tuesday - Wednesday: 4 p.m. - 9 p.m.Friday: 12 p.m. - 12 a.m.Saturday - Sunday: 10 a.m. - 12 a.m.DraftKings SportsbookBay Mills Resort and Casinos, BrimleyDraftKings Sportsbook has a physical location at Bay Mills in Brimley, but it's also their entry to online/mobile betting in the state. Bay Mills is the longest-standing casino in Michigan, opening in 1995.FanDuel SportsbookMotorCity Casino, DetroitThe two-story FanDuel Sportsbook holds six betting windows, 67 HDTVs, a sports ticker, VIP area and 54 self-service IGT PlaySports betting kiosks. Monday - Thursday: 10 a.m. - 1 a.m.Friday: 10 a.m. - 2 a.m.Saturday: 9 a.m. - 2 a.m.Sunday: 9 a.m. - 1 a.m.FOX BetOdawa Casino, PetoskeyFOX Bet was one of the few sportsbooks not ready to launch early 2021. However, their partner at Odawa Casino still has a sportsbook up and running.Monday & Thursday: 6 p.m. - 10 p.m.Saturday - Sunday: 11 a.m. - 10 p.m.Golden Nugget CasinoGolden Nugget has a partnership with Ojibwa Casino in the Upper Peninsula, though there are no plans to open a sportsbook there as of early 2021.PointsBetNorthern Waters Casino Resort, WatersmeetWhile the sportsbook at the casino has yet to launch, PointsBet is still taking bets online, as they have a partnership with the Lac Vieux Desert tribe.TwinSpires SportsbookIsland Resort and Casino, HarrisOriginally BetAmerica, the TwinSpires Sportsbook has a local bar, sports-betting kiosks and is open 24/7.William Hill Sports BookTurtle Creek Casino, WilliamsburgThe William Hill Sports Book is located in the Onyx Sports Book at Turtle Hill with a satellite location at Leelanau Sands Casino. Onyx has over 20 HDTVs, a full-service bar and an outdoor patio.Monday - Thursday: 12 p.m. &ndash; 12 a.m.Friday - Saturday: 10 a.m. &ndash; 2:00 a.m.Sunday: 10 a.m. &ndash; 12 a.m.WynnBETWynnBET partnered with Kewadin Casinos to bring a betting experience to five different locations in the Upper Peninsula. None of them have physical sportsbooks as of 2021, but they all have sports-betting kiosks available.Locations:ChristmasHesselManistiqueSt. IgnaceSault Ste. MarieComing soon...There are numerous other sportsbooks in the works as Michigan has 23 tribal casinos with most of them interested in getting into sports.Given the expansive list of casinos still on the market for sports betting, there are certain to be other sportsbooks coming to Michigan.

Question 7

Is sports betting legal in Colorado?

Accepted Answer

Yes. Colorado legalized in-person and mobile sports betting November 2019 after a bill was signed by the Governor and then approved by voters. The new sports betting law went into effect May 2020 and the amount of operators are growing by the day.Colorado sports betting is allowed at approved casinos, as well as online sportsbooks who already have partnerships and licenses. Given that more than 50 operators have applied for sports betting licenses, more are likely to be approved. Colorado will likely keep handing out licenses until May and beyond, and we'll try to update these lists as much as possible.Colorado has two types of licenses to offer. The first is for brick-and-mortar casinos to offer retail and online sports betting throughout the state. The second is for online-only sportsbooks, though they still have to partner with a land-based casino before offering action.Of note, proposition betting on college games will be restricted. That means you can't bet on specific stats like the number of touchdowns for a quarterback or the amount of points for a basketball player.Daily Fantasy Sports and horse racing betting are also allowed in Colorado. Daily Fantasy Sports were legalized in 2016 and they restrict anyone under the age of 18 from participating, which is different from sports betting and the age limit of 21.If you're a new sports bettor in Colorado, be sure to check out our latest Colorado sportsbook promos for exclusive sign-up offers.Online SportsbooksBetAmericaThrough Churchill Downs Incorporated and utilizing a betting license with Full House Resorts, BetAmerica will open a retail sportsbook at Bronco Billy's Casino (Cripple Creek) in addition to having online sports wagering throughout the state.Circa SportsCirca Sports, a Las Vegas-based sports betting company, entered a partnership with Century Casinos, which will allow them to have a retail sportsbook as well as state-wide mobile sports betting.DraftKings SportsbookPartnered with Twin River Worldwide Holdings, DraftKings is set to offer mobile betting immediately, while a retail location at Mardi Gras Casino in Black Hawk is also in the works.FanDuel SportsbookAlso partnered with Twin River Worldwide Holdings, FanDuel can offer online sports betting in Colorado, though they don't have plans for a retail sportsbook. Because Twin River has three Colorado casinos to its name, it can launch up to three mobile betting sites.ISI Race & SportsThe Nevada-based sports-betting company, ISI Race & Sports, partnered with Wildwood Casino in Cripple Creek. Given that this is one of the newer partnerships, details have yet to emerge of what the sportsbook will be titled.PointsBetPointsBet is one of the few Colorado online sportsbooks that is also expected to offer in-person betting May 1. Through a partnership with Desert Eagle Casino in Cripple Creek, PointsBet will offer online sports betting and in-person betting at the Casino.SuperBookSuperBook struck a deal April 2020 to run the sportsbook at Lodge Casino in BlackHawk. This is just the second sportsbook for SuperBook, who run things at Westgate in Las Vegas. theScore betPartnered with Jacobs Entertainment, parent company of Lodge Casino and Gilpin Casino, theScore is set to offer mobile sports betting in Colorado. theScore was granted a temporary license for internet sports betting in Colorado in March 2020 and should be full go once sports betting is legal in the state.Physical SportsbooksBull Durham Casino, Black HawkBull Durham Casino received its license in late March and has yet to announce a partner for its new sportsbook.Dostal Alley Casino, Central CityDostal Alley, which is composed of a casino, microbrewery and restaurant in Central City, has yet to release a partner for its upcoming sportsbook.Double Eagle CasinoPointsBet will operate the sportsbook at Double Eagle Casino in Cripple Creek when sports betting opens up in the state.Johnny Nolon's Casino, Cripple CreekJohnny Nolon's Casino has yet to partner with a sportsbook.Lodge Casino, Black HawkThe sportsbook at Lodge Casino will be under the SuperBook brand (deal signed April 2020), who operate one of the larger sportsbooks in Las Vegas at Westgate.Monarch Casino, Black HawkMonarch received a master license for sports betting and is expected to open a sportsbook but has yet to announce a partner.Red Dolly Casino, Black HawkRed Dolly Casino received one of the newer licenses and has yet to announce a partner for its sportsbook.Saratoga Casino, Black HawkBetfred, a bookmaker based in the UK, partnered with Saratoga Casino with plans for a full sportsbook in addition to online sports betting services throughout the state.Tripple Crown Casinos, Cripple CreekTriple Crown, which owns The Brass Ass Casino, Midnight Rose Casino and McGill's Casino, received a license to operate three sportsbooks, one at each location. Located in Cripple Creek, a partner has yet to be confirmed for the casinos.

Question 8

Is sports betting legal in Pennsylvania?

Accepted Answer

Yes. Pennsylvania passed legislation to allow sports betting in 2017. Pennsylvania sportsbooks began taking bets in 2019, becoming the seventh state to officially start accepting bets and fourth to allow online sports betting.It was a gradual process for the state to officially launch sports betting as regulations were ironed out for more than a year following the repeal of PASPA in 2018. Online sports betting began May 2019 and the first physical sportsbook opened a few months later in November.Daily Fantasy Sports were always considered a game of skill in Pennsylvania and never deemed illegal, though they were formally legalized in 2017 as part of the major gambling bill.As of 2020, Pennsylvania had 11 physical sportsbooks with more possible by the end of the year. Most of them have the ability to bet online or through a mobile device, and offer generous Pennsylvania sportsbook promos.Pennsylvania SportsbooksBetAmericaPresque Isle Downs & Casino, ErieBetAmerica Sportsbook has 50 sports betting kiosks located in the casino with half of them in the sportsbook area, which also includes a wall of TVs. The main draw for BetAmerica is their online app, where you can bet online in Pennsylvania. BetRiversRivers Casino, PittsburghThe BetRivers Sportsbook features a 5,500-square-foot space for up to 195 guests, including private booths, club chairs with charging ports, six betting windows and 33 self-service kiosks. It also has two 50' x 7' LED video walls and a state-of-the-art bar. Of note, no betting on horses is allowed. Online betting can be done through BetRivers.Monday - Thursday: 10 a.m. - 12 a.m.Friday - Saturday: 10 a.m. - 2 a.m.Sunday: 9 a.m. - 12 a.m.Rivers Casino, PhiladelphiaFormerly known as SugarHouse Casino, this BetRivers Sportsbook has club seating, ticket windows and Express Kiosks to go with electronic poker at the SportsBook Bar. Online betting goes through BetRivers with the SugarHouse name attached, which was technically the first operator to offer online sports betting in the state.Monday - Friday: 10 a.m. - 1 a.m.Saturday - Sunday: 9 a.m. - 1 a.m.Caesars EntertainmentHarrah's, ChesterThe Book at Harrah's is equipped with lounge seats, custom bar seating and over 45 large-screen TVs in addition to food and drinks tailored specifically for gameday. Harrah's is partnered with Caesars Entertainment for online betting.Monday - Friday: 11 a.m. - closeSaturday - Sunday: 10 a.m. - closeDraftKings SportsbookMeadows Casino, WashingtonThe Sportsbook can be accessed easily in the middle of Meadows Casino where they have 18 sports wagering terminals and 86" 4k ultra HDTVs with food and drink service. Meadows is partnered with DraftKings for online betting.Sunday - Saturday: 10 a.m. - 12 a.m.FanDuel SportsbookValley Forge Casino, King of PrussiaThe FanDuel Sportsbook offers 1,800 square feet of betting, two sports tickers, seven betting windows and 27 TVs. It's powered online by FanDuel where you can place all bets.Monday - Thursday: 10 a.m. - 12 a.m.Friday: 10 a.m. - 1 a.m.Saturday: 9 a.m. - 1 a.m.Sunday: 9 a.m. - 12 a.m.FOX BetMount Airy Casino, Mount PoconoThe Sports Book contains 40 state-of-the-art TVs showing up to 15 games at a time, luxury seating and an in-house bar open on the weekends. Betting takes place at three teller windows and eight kiosks, which are available 24/7. Mount Airy is partnered with FOX Bet to accept online action.Monday - Friday: 2 p.m. - 10 p.m.Saturday: 10 a.m. - 12 a.m.Sunday: 10 a.m. - 10 p.m.Hollywood SportsbookHollywood Casino, GrantvilleHollywood ended their partnership with William Hill in 2019 and took their own route, using Kambi to power sports odds. The Sportsbook features viewing stations, lounge seating and 50 feet of wall space dedicated to TVs. The Skybox Sports Bar is next door where food and drinks are readily available. As of April 2020, online betting was not available through Hollywood Sportsbook.Monday - Friday: 11 a.m. - 12 a.m.Saturday - Sunday: 10 a.m. - 12 a.m.Parx CasinoParx is the biggest casino in Pennsylvania in terms of revenue and is partnered with GAN and Kambi to supply online sports betting and three physical locations. The sportsbook at Parx Casino is the main in-person attraction with luxury seating, large video boards, numerous betting windows and 24/7 kiosks.Parx Casino, BensalemThe new sportsbook boasts a 7,400-square-foot space with six live tellers, 18 kiosks, 196 seats and a 156' video wall that can play up to 36 games at the same time. There is also a bar that holds another 36 seats which includes a full menu of food and drink.South Philadelphia Race & Sportsbook, PhiladelphiaThe remodeled venue has over 100 HD displays, betting windows, nine self-service kiosks and a modernized kitchen.Oaks Race & Sportsbook, OaksIn the same mold as South Philly, the Oaks location renovated the area to contain over 100 HD displays, six sports betting windows and 14 self-service kiosks.Hours for all locationsMonday - Thursday: 12 p.m. - 11 p.m.Friday: 12 p.m. - 12 a.m.Saturday: 10 a.m. - 12 a.m.Sunday: 10 a.m. - 11 p.m.UnibetMohegan Sun, PoconoThe Unibet Sportsbook features a high-definition video wall, comfortable seating, a full-service bar and state-of-the-art betting terminals. Food in the area is provided by Molly O'Sheas. Online betting can be done through Unibet.Sunday - Thursday: 11 a.m. - 12 a.m.Friday - Saturday: 11 a.m. - 1 a.m.Coming soon...As of early 2020, William Hill was next in line to partner with a casino in order to offer online betting.

Question 9

Is sports betting legal in Arizona?

Accepted Answer

Yes. Sports betting is legal and regulated in Arizona as of 2021, and there are now 16 online sportsbooks available to choose from.If you're a new sports bettor in Arizona, be sure to check out our exclusive Arizona sportsbook promos to claim thousands in bonus bets.

Question 10

Is sports betting legal in New Jersey?

Accepted Answer

Yes. New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision. In fact, New Jersey is one of the main reasons every state has the power to legalize sports betting after they pushed the Supreme Court to rule the Professional and Amateur Sports Protection Act (PASPA) as unconstitutional.That said, New Jersey has a few restrictions that other legalized states don't. Most notably, you cannot bet on college teams from New Jersey or any college events taking place in New Jersey.Daily Fantasy Sports were formally legalized in 2017 which set up a licensing process for prospective operators and the minimum playing age to 18 years old.As for the places you can bet, there is a wide range of online sportsbooks, with all of them having at least one connection to a physical book. Of note, each New Jersey sports betting license holder is permitted to have three online skins which is why some online gambling sites are connected to the same physical casino. If you're in New Jersey, be sure to check out our New Jersey sportsbook promos page for the latest sign-up offers.Online Sportsbooks888 Sport888 Sport is a worldwide gaming company that has a partnership with Caesars Entertainment, which owns Bally's in Atlantic City.bet365bet365, an online gambling company based out of the UK, is partnered with Hard Rock Hotel & Casino.BetAmericaBetAmerica, the online sportsbook from Churchill Downs Incorporated, is partnered with Golden Nugget.BetMGMBetMGM, the mobile betting operation of MGM Resorts, is partnered with the Borgata in Atlantic City.Borgata CasinoWhile the sportsbook at Borgata is operated by MGM, Borgata has its own online betting outlet in New Jersey.Caesars EntertainmentCaesars Casino and Sportsbook has an online betting app and is accessible through casinos at Bally's and Harrah's , both of which are under Caesars Entertainment.DraftKings SportsbookDraftKings Sportsbook was the first legal online option in New Jersey and operates under the license at Resorts Atlantic City, where they also have a physical sportsbook.FanDuel SportsbookFanDuel Sportsbook operates a physical book at the Meadowlands in East Rutherford, which also carries their online gaming permit.FOX BetFOX Bet was looped into a partnership with Resorts Atlantic City (via The Stars Group) for its online gaming license. FOX Bet entered an agreement with The Stars Group, the largest public gambling company in the world, in summer 2019. Golden NuggetGolden Nugget has their own Online Sportsbook which offers desktop, mobile and tablet betting.PointsBetPointsBet, an Australian online betting site, secured its gaming license through Meadowlands.Resorts CasinoSimilar to Golden Nugget, Resorts has its own online betting service, separate from the physical DraftKings Sportsbook at the Casino.SugarHouse SportsbookSugarHouse Online Casino opened in 2016 and they immediately added a Sportsbook when the bill passed in 2018. Sugarhouse's casino license is through Golden Nugget.theScore bettheScore, a digital media company based out of Toronto, secured a license for online betting through Monmouth Park.UnibetUnibet is partnered with Hard Rock Hotel & Casino.William HillWilliam Hill is one of the bigger operations in New Jersey (three locations) despite being a London-based bookmaker. It has physical sportsbooks at Monmouth Park, Ocean Casino and Tropicana.Physical SportsbooksBorgata, Atlantic CityBorgata Casino is the only place you can bet on horse racing in Atlantic City. The Race & Sports book includes 100 seats with individual flat-screen monitors, 10 betting windows, a video wall and an in-venue bar. The Moneyline Bar & Book has a 40' LED video wall, six betting windows, gaming kiosks, over 20 craft beers and a signature dining program. While Borgata has its own online betting system, the odds at Moneyline are provided by BetMGM.Monday - Friday: opens 11 a.m.Saturday - Sunday: opens 9 a.m.Caesars Sportsbooks, Atlantic CityBally'sThe Book has over 15,000 square feet of betting space with five Fan Caves (reservation), 102 seats, 30 VIP seats and a self-serve beer wall.Monday - Thursday: 11 a.m. - 11:30 p.m.Friday: 11 a.m. - 12 a.m.Saturday: 10 a.m. - 2 a.m.Sunday: 10 a.m. - 11:30 p.m.Harrah'sThe Book encompasses 3,800 square feet which includes LED TVs across the walls, plush seating, two Fan Caves and food service by AC Burger Company.Monday - Thursday: 11 a.m. - 11:30 p.m.Friday: 11 a.m. - 12 a.m.Saturday: 10 a.m. - 12 a.m.Sunday: 10 a.m. - 11:30 p.m.Golden Nugget, Atlantic CityThe Sportsbook has seating for more than 100 people, more than 50 TVs, five video walls and self-service betting kiosks.Monday - Friday: 12 p.m. - 10 p.m.Saturday - Sunday: 10 a.m. - 10 p.m.Hard Rock Hotel & Casino, Atlantic CityThe Sportsbook encompasses 3,800 square feet and includes six betting stations, 50 seats, 60 TVs and a Sports Bar which includes video poker slots. Monday - Thursday: 11 a.m. - 11 p.m.Friday: 11 a.m. - 12 a.m.Saturday - Sunday: 10 a.m. - 12 a.m.Meadowlands Racing & Entertainment, East RutherfordFanDuel Sportsbook at Meadowlands boasts 20' screens, 50-plus HDTVs, comfortable seating and Victory Sports Bar for food and drinks.Monday - Thursday: 10 a.m. - 1 a.m.Friday: 10 a.m. - 2 a.m.Saturday: 7 a.m. - 2 a.m.Sunday: 8 a.m. - 12 a.m.Monmouth Park, OceanportMonmouth Park was the first New Jersey location to introduce legal sports betting in June 2018. The William Hill Sports Book has over 100 HDTVs and a 75' video wall.Monday - Thursday: 10 a.m. - 1 a.m.Friday: 10 a.m. - 2 a.m.Saturday: 8 a.m. - 2 a.m.Sunday: 8 a.m. - 1 a.m.Ocean Casino Resort, Atlantic CityThis William Hill Sportsbook features a 7,500-square-foot integrated experience with a center bar that is open 24/7 surrounded by a panoramic video wall. VIP tables and suites (up to 10 people) are also available via reservation.Sunday - Thursday: 10 a.m. - 12 a.m.Friday - Saturday: 10 a.m. - 1 a.m.Resorts, Atlantic CityDraftKings Sportsbook features 5,000 square feet of action, ultra-high definition LED video walls, five betting windows, 18 betting kiosks (24/7) and a VIP seating area with food and bottle service.Monday - Friday: 10 a.m. - 1 a.m.Saturday - Sunday: 9 a.m. - 1 a.m.Tropicana, Atlantic CityThe William Hill Sportsbook contains 180 seats, a 250-square-foot odds board, panoramic LED screens and is located adjacent Chickie's and Pete's Crab House & Sports Bar. In addition to betting windows, kiosks are open from 9 a.m. to 2 a.m. every day.Monday - Thursday: 10 a.m. - 12 a.m.Friday: 10 a.m. - 1 a.m.Saturday: 9 a.m. - 1 a.m.Sunday: 9 a.m. - 12 a.m.Coming soon...Freehold Raceway is expected to add a sportsbook in 2020, though it's unknown who its parter will be.

Question 11

Does FanDuel pay real money?

Accepted Answer

Yes, FanDuel pays out real money. Whether you use the daily fantasy sports portion of the website, or the sports betting app or online site,  you will be paid out in real money.FanDuel is bound by tight-knit regulations for all online gaming, making them a licensed iGaming service provider in many states and provinces. As a licensed iGaming company, they are obligated to keep funds available for users - allowing them to withdraw as necessary when the funds are requested.As far as withdrawal methods to get your money, there are various ways to get paid. You can withdraw with Play+, PayPal, E-Check, check, or cash at a retail casino or sportsbook. Get started today by using the FanDuel promo code and start turning your winnings into real money.

Question 12

Is sports betting legal in Illinois?

Accepted Answer

Yes. Illinois passed sports betting legislature June 2019 and launched at physical sportsbooks March 2020, becoming the 15th state to offer it. Illinois sports betting apps and online sites became legal in June 2020. Licenses can be issued to casinos, racetracks, off-track betting facilities and large sports stadiums to operate retail sportsbooks. There are currently eight (8) legal Illinois sportsbooks, which includes:Caesars SportsbookFanDuel SportsbookDraftKings SportsbookBetRiversBetMGMFanatics SportsbookESPN BETCirca SportsSign up today with our exclusive Illinois sportsbook promos to earn thousands in bonus bets.

Question 13

Can sports betting be a career?

Accepted Answer

Yes. Sports betting can be a career if you make it your full-time job and put in the hours.While only a small percentage of sports bettors are profitable in the long run, it's possible to become one of those individuals. First, you need to follow the basics.Set a bankrollStudyShop OddsDon't trust othersGrow Your BankrollIf you can turn a profit after a certain amount of time, the next step is to gradually grow your bankroll with multiple sports betting apps and sites. If you continue to have success betting on sports, it's not going to be a one bet and you're done kind of thing. It's important to abide by the unit rule and limit wagers from one to five units per bet. Just because you really like one matchup doesn't mean you should put all of your money into it. Successful bettors steadily grow their bankrolls and don't fall into the trap of becoming overconfident.It's not easy, but it's possibleWhile you can become a full-time sports bettor, getting "rich" is another story and one that's unlikely to happen no matter how successful you become. To turn a positive, you have to hit more than 52.4% of your bets, though that depends on what kind of odds you're getting.It may be possible to hit more than 60% for a season, but doing that consistently, year-after-year, is another question. No matter how good a bettor is, they will likely hit a cold streak at some point in their lives, which takes a chunk out of their bankroll, which is why it's important to limit your action on every bet.

Question 14

How Do Bonus Bets Work In Sports Betting?

Accepted Answer

Bonus bets in sports betting are often connected to deposits and are also referred to as bonuses.Most bonus bets are only available on a first deposit at that specific sportsbook. For instance, DraftKings used to have a $20 bonus play that has a number of stipulations. First, you have to deposit at least $5 into your account and then you'll get the $20 in bonus play money, which is not redeemable for cash. Almost every sportsbook has some kind of deal to attract new bettors and there are many different methods to draw people in.The idea is that sportsbooks will get new people to sign up for accounts and deposit money with sports betting apps and sites, and if they win a few bets, maybe continue wagering at that sportsbook instead of going elsewhere. There are positives and negatives to bonus bets. For starters, if you feel like you're playing with bonus money, you may not be inclined to put much thought into your bets. If that's the case, you may deposit $100 into your account and before you know it, your original $100 is gone as well as the $100 in bonus money. If you know what you're doing and hit a few bets and come out in the positive, then the bonus is worth it, but there's a reason these offers exist. Sportsbooks not only get your information for future spamming opportunities, but they also have numerous stipulations that usually give them the advantage in the end.Sportsbook promos and bonus bets look fun on the surface, but if you play into the hands of the sportsbook, they could turn into a quick negative in your pocket.How to Claim a Bonus OfferThe most common methods to claim bonus offers are by either using a bonus code or having a minimum deposit. In some cases, it could be both of those things. Bonus codes may be emailed to a user after registering for an account or they can be found through numerous online advertisements. As for a minimum deposit, those can range anywhere from $5 to $20 and sometimes more.Bonus BetsBonus bets, as listed above, are the most straightforward bonus. You usually get a set amount of money to bet when you deposit and that money can't be redeemable for cash. For example, if you bet the bonus $5 and lose, that money is gone. If you bet $5 and profit another $5, you'll be up $5 in real money. Bettors that sign up with the WynnBET promo code can get bonus bets as a bankroll-builder for their account.Since you're betting bonus money, it may be worth it to go big like in a multi-team parlay, though some sportsbooks may limit your eventual payout.Second Change BetsSecond chance bets are a tad more complicated because they usually have a lot more rules. In 2020, new customers at FanDuel could get a $500 second chance bet. This means that users could get a 100% refund on their first bet up to $500. Of course, if you want to bet the full $500, you would have to deposit that money into your account to be able to make the bet.Again, there are a few underlying requirements that make getting this money back a tad more difficult. If your $500 bet loses, while you should get another $500 within the next few days, that money is not yet yours. That money is considered bonus bet money and if you want to get it back, you'll have to wager another $500 before you can withdraw any of it. Users can use the BetMGM bonus code to get a second chance bet, with similar "rules" to the aforementioned.Match bet offers are in the same mold as second chance bets with different wording. For the above FanDuel promotion, a match bet offer would be 100% on up to $500. That means you can get back 100% of your money on your first bet up to $500. You can get second chance bets using the Caesars Sportsbook promo code ROTOFULL.Bonus Bet, No DepositThese are usually minimal amounts like $5 or $10 because this method is harder to retain bettors since no deposit is needed. Even if you win this kind of bet, you'll likely have to wager your winnings multiple more times for you to meet requirements and withdraw that money. This offer doesn't often amount to much and is usually for bettors to get a sense of how that specific sportsbook runs and what kind of odds they offer.Deposit Match BonusThese bonuses are usually done through casinos, as that's where they were popularized. Sportsbooks will match a deposit, which often has a minimum requirement at a preset percentage, ranging from 50% to 300%. For example, if you deposit $100, you could get another $100 in bonus money with a 100% deposit match bonus. Again, that bonus money will have to hit a few betting requirements before it can be withdrawn.

Question 15

Is sports betting legal in Ohio?

Accepted Answer

Yes, Ohio sports betting launched in January 2023, and is now legal for retail, mobile and online sportsbooks.As of July 2024, there are 19 legal Ohio sportsbooks, and several Ohio sportsbook promos available. Be sure to claim the latest offers today to build your sports betting bankroll.List of All Ohio SportsbooksHere are the 19 legal sportsbooks in Ohio:Bally Bet Ohiobet365 OhioBetfred OhioBetJACK OhioBetMGM OhiobetPARX OhioBetRivers OhioBetr OhioBetway OhioCaesars Sportsbook OhioDraftKings OhioESPN BET OhioFanatics Sportsbook OhioFanDuel OhioHard Rock Bet OhioMVG Bet OhioPrime Sportsbook OhioSuperBook OhioTipico Ohio

Question 16

What do + and - mean in sports betting?

Accepted Answer

The plus (+) and minus (-) with sports betting apps, sites or retail sportsbooks can refer to either the point spread or betting odds.SpreadIn terms of the spread, the " - " always refers to the favorite and the " + " always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7, as long as they lose by less than seven points or win outright, you win your bet.OddsIt's a similar case for the betting odds, though favorites don't always have a " - ," especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. However, in most cases, the favorite will have a " - " in front of its moneyline odds while the underdog will always have a "+ ." For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.For something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). In this case where both teams have a " + " in front of their odds, the team with the lower number is the favorite. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320. Now that you know what plus and minus mean in sports betting, be sure to claim some of the best sportsbook promos available, including:bet365 bonus codeBetMGM bonus codeCaesars Sportsbook promo codeDraftKings promo codeFanatics Sportsbook promo codeFanDuel promo code

Question 17

Where is FanDuel Sportsbook legal?

Accepted Answer

FanDuel Sportsbook is legal and regulated in 22 states plus Ontario, with more states coming soon.FanDuel is legal as a sports betting app, online site and/or retail sportsbook in the following states:FanDuel ArizonaFanDuel ColoradoFanDuel ConnecticutFanDuel IllinoisFanDuel IndianaFanDuel IowaFanDuel KansasFanDuel KentuckyFanDuel LouisianaFanDuel MarylandFanDuel MassachusettsFanDuel MichiganFanDuel New JerseyFanDuel New YorkFanDuel North CarolinaFanDuel OhioFanDuel PennsylvaniaFanDuel TennesseeFanDuel VermontFanDuel VirginiaFanDuel West VirginiaFanDuel WyomingIf you are located in a state what FanDuel Sportsbook operates in, you are able to sign up with the FanDuel promo code link and get a welcome bonus.

Question 18

How do sports betting payouts work?

Accepted Answer

Sports betting payouts depend on which type of odds are being used.The important thing to note about payouts from sports betting apps and sites is that they often include the amount of money you put in. If you bet $170 on the Cowboys to win at -170 odds, the payout is $270. However, the profit, or amount of money you win, is $100.Odds can refer to moneyline, spread and total bets, and they can be displayed as American, British (fractional) or European (decimal). While odds look different, they mean the same thing. American OddsMost sportsbooks in the United States use American Odds. The main signifiers of American odds is that they either have a plus (+) or minus (-) in front of them and are in terms of 100.Understanding plus (+) and minus (-) odds is the most important thing before learning about American odds. Plus and Minus OddsThe plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the " - " always refers to the favorite and the " + " always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite or the Green Bay Packers as a +7 point underdog. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet.It's a similar case for the betting odds, though favorites don't always have a " - ," especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. However, in most cases, the favorite will have a " - " in front of its moneyline odds while the underdog will always have a " + ." For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.For something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). In this case where both teams have a " + " in front of their odds, the team with the lower number is the favorite. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320. Moneyline BetsA moneyline bet is on the straight-up winner of a game.OddsIn WordsWhat It MeansGiants +150Giants plus 150If you bet $100 on the Giants and they win, you win $150Cowboys -170Cowboys minus 170To win $100 for a Cowboys win, you have to bet $170Moneyline bets are as straightforward as it gets in sports betting. You're betting on which side will win an event and if that side wins, you win.Spread BetsA spread bet is on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.OddsIn WordsWhat It MeansLakers -7 (-110)Lakers minus 7 points at -110 oddsTo win the bet, the Lakers have to win by more than 7 points.Clippers +7 (-110)Clippers plus 7 points at -110 oddsTo win the bet, the Clippers have to win or lose by less than 7 points.In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back.As for the odds, the most common number for spread bets is -110, but that number varies depending on the location, sportsbook and how popular each side is. The typical number is -110, which means you have to bet $110 to win $100. However, there are states where odds are worse in order to get the state more money such as -115 or -120. This is also called the vig, which is the amount the sportsbook charges per bet.If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em." In this case, point spread doesn't matter as this boils down to a moneyline bet and a tie would get your money back.Over/under (total) BetsAn over/under bet applies to the score or points in a given contest.The below over/under table is for the Dallas Cowboys and New York Giants game.OddsIn WordsWhat It Meanso49 (-110)Over 49 points at -110 oddsTo win the bet, the Cowboys and Giants have to combine for more than 49 points.u49 (-110)Under 49 points at -110 oddsTo win the bet, the Cowboys and Giants have to combine for less than 49 points.Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary.Decimal Odds (British)Decimal odds are most popular in Australia, Canada, Europe and New Zealand. These odds may be the easiest of the three to understand just by looking at the numbers.The team with the higher of the two numbers (3.10) is the underdog and the team with the lower of the numbers (1.50) is the favorite. The return can be calculated by multiplying the bet with the the decimal odds.OddsBetReturnProfitLiverpool 1.50$100$150$50Chelsea 3.10$100$310$210Fractional Odds (European)Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds.Example odds to win the Super Bowl:OddsIn WordsBetWhat It MeansChiefs 5/2Five to two$100If the Chiefs win the Super Bowl, you win $25049ers 5/1Five to one$100If the 49ers win the Super Bowl, you win $500Ravens 8/1Eight to one$100If the Ravens win the Super Bowl, you win $800 Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, 100 times 2.5 (5/2) equals 250. In horse racing, odds will dip to something like 3/5 or 5/7 which usually means that horse is a big favorite. A 3/5 favorite is equal to -167 in American odds and 1.6 in decimal odds.

Question 19

What are some common sport betting slang words / jargon?

Accepted Answer

If you've never bet before, there are likely a lot of words and phrases you've never heard before and even if you have bet before, you may not know the meaning of every saying. Before placing your first wager on a sports betting app or site, take a look at some words you'll hear:Action &ndash; Any wager or having a bet on a game.Bonus &ndash; Funds often acquired through various promotions given by a sportsbook.Book (sportsbook) &ndash; The establishment that accepts wagers (bets) on the outcome of sports events.Chalk &ndash; FavoriteCover &ndash; When the favorite wins by more than the required number of points or when the underdog loses by less than the required number of points (or wins outright).Dog &ndash; UnderdogFutures &ndash; Wagers placed in advance on the outcome of an event. For example, a bet on a team to win a championship.Handicapper &ndash; A person who studies and wagers on sporting events.Handle &ndash; Total amount of wagers takenHold &ndash; The percentage amount the sportsbook makes.Hedging &ndash; Betting the opposite team or side of your original wager in order to either try to middle the game, or to reduce the downside exposure of the original wager.Hook &ndash; A half pointJuice &ndash; A commission which is built into the line offerings, also known as "vig" or "vigorish."Laying Points &ndash; To bet the favorite by giving up points.Laying the Price &ndash; To bet the favorite by laying moneyline odds.Limit &ndash; The maximum wager accepted by the sportsbook on a particular line offering.Line &ndash; The current odds or point spread offered on a particular game.Linesmaker (Oddsmaker) &ndash; A person who subjectively establishes the probability of one team defeating another and by how many points. A person who creates the line or point spread.Long shot &ndash; A team that is unlikely to win.Moneyline bet &ndash; A bet on the straight-up winner of a game, underdog or favorite.Off the board &ndash; A game in which the sportsbook is not accepting any wagers.Overlay &ndash; The odds of a particular wagering proposition are higher than they should be. Over/Under (total) bet &ndash; A type of wager that applies to the score/points in a given contest.Parlay &ndash; When you combine straight bets to increase payout. All selections must win for the bet to win.Pick 'em &ndash; Neither team is favored, meaning the game is considered a toss-up for betting purposes.Price &ndash; Line or oddsProp bet &ndash; A wager on a specific event happening or not happening in a game. Eg: Will Player X record a touchdown? Yes +130 / No -150Rollover &ndash; The required amount of real money wagers a player has to accumulate after they have accepted a bonus from a sportsbook in order to qualify for a withdrawal.Round-Robin &ndash; A method of parlaying two or more teams in all possible team parlay combinations. For example, a three-team round robin of ABC can produce three separate two-team parlays: AB, AC and BC. Spread bet &ndash; A bet on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.Teaser &ndash; When you alter the spreads or totals in a parlay for a better chance of winning your combined bet.

Question 20

What is a hedge in sports betting?

Accepted Answer

A hedge is a method to reduce risk and secure winnings for a specified bet. It means betting the opposite side of your original wager in order to either try to middle the game, or to reduce the downside exposure of the original wager.The most popular instance of hedging is for a futures bet. For example, you bet the San Francisco 49ers at +2500 to win the Super Bowl ahead of the season and they eventually make it. Instead of riding out the +2500 and hoping the 49ers win, you could hedge that bet and take the opposing team, the Kansas City Chiefs, to win on the moneyline. While you'll get more money if you ride out the original bet, there's also more of a chance you'll come out with nothing. If you hedge and bet the Chiefs, you'll win something no matter the result of the game. Below is a breakdown of payouts in a possible hedge:Original wager: $100 on 49ers at +2500 for a $2,600 payout ($2,500 profit)Hedge: $1,000 on Chiefs ML -150 for a $1,667 payout ($667 profit)With Hedge49ers win: $2,600 payout - $1,000 bet - $100 bet = $1,500 profitChiefs win: $1,667 payout - $1,000 bet - $100 bet = $567 profitWithout Hedge49ers win: $2,500 profitChiefs win without hedge: down $100As seen with a hedge, the bettor comes out in the positive no matter how the game goes. Without the hedge, the bettor wins a bit more after a 49ers win but also comes out negative if the Chiefs win as a favorite.Should you hedge a bet?Hedging a wager comes down to personal preference. Some people are fine with a positive payout and prefer not to risk everything, which is when a hedge makes sense. As for those who are keen on their original wager and are fine with losing money if the other side wins, there's no reason to hedge.More hedgingHedging can be done with almost any kind of bet. Futures bets may be the most popular instance to hedge, but as sports betting grows, in-play wagering with sports betting apps is also at an all-time high. If a bet isn't looking good halfway through a game, hedging with an in-play bet could be done. In this case, it's important to note all possibilities in a game because if you make the wrong hedge, you may be out two bets if something crazy happens. For example, you bet the Titans -7 to beat the Colts and they open the second quarter down 14-0. Since it's looking like the Colts will win, you decide to hedge the Colts moneyline at -150. Unfortunately, the Colts let up in the second half and the Titans eventually win on a late field goal, meaning both of your bets lose. If you want to hedge in-game, it's usually best to know what you're doing instead of blindly betting the opposite side.Another possible hedge method is in a parlay. Luckily, these are a little more straightforward than an in-game hedge. The easiest example is if your first two bets win in a three-team parlay. If you want to guarantee winnings, you simply hedge by betting the opposite side in the third bet of the parlay. You'll guarantee winnings, though the payout will be smaller.

Question 21

How do you read sports betting odds?

Accepted Answer

Reading odds on sports betting apps or sites may be the first part to figure out before you begin wagering, as they specify the implied probability of an outcome and how much money can be won.Odds can refer to moneyline, spread and total bets, and they can be displayed as American, British (fractional) or European (decimal). While odds look different, they mean the same thing. American OddsMost sportsbooks in the United States use American Odds. The main signifiers of American odds are that they either have a plus (+) or minus (-) in front of them and are in terms of 100.Understanding plus (+) and minus (-) odds is the most important thing before learning about American odds. Plus and Minus OddsThe plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds. In terms of the spread, the " - " always refers to the favorite and the " + " always refers to the underdog. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog. If you bet the Cowboys -7 and they win by more than seven points, you win your bet. Similarly, if you bet the Packers +7 and they lose by less than seven points or win outright, you win your bet.It's a similar case for the betting odds, though favorites don't always have a " - ," especially in sports like baseball, hockey or soccer where final results are often decided by one run or one goal. It's especially the case in soccer since matches can end in draws, whereas a winner is declared in almost every other sport because of overtime rules. However, in most cases, the favorite will have a " - " in front of its moneyline odds while the underdog will always have a " + ." For an example of moneyline betting odds, you can bet the Eagles as a -150 favorite to win or the Giants as a +180 underdog to win. If you bet $100 on the Eagles to win at -150, you would net a payout of $166.70. If you bet on the Giants to win at +180, the payout would be $280 because they are an underdog.For something like soccer, Arsenal could be a +150 favorite against Everton as a +190 underdog, while the draw would be set at +220. In this case, the payout would be decent for every situation mainly because the teams are even and there are three possible results compared to just two for something like football (unless they go scoreless in overtime). In this case where both teams have a " + " in front of their odds, the team with the lower number is the favorite. The lower number also means a lower payout, which is always the case for betting the favorite on the moneyline. A $100 bet on Arsenal +150 would net $250, while a $100 bet on Everton +190 would net $290. Going further, a $100 bet on the draw at +220 would payout $320. Moneyline BetsA moneyline bet is on the straight-up winner of a game.OddsIn WordsWhat It MeansGiants +150Giants plus 150If you bet $100 on the Giants and they win, you win $150Cowboys -170Cowboys minus 170To win $100 for a Cowboys win, you have to bet $170Moneyline bets are as straightforward as it gets in sports betting. You're betting on which side will win an event and if that side wins, you win.Spread BetsA spread bet is on the forecasted point differential between two teams. A minus (-) indicates the favorite and a plus (+) is the underdog.OddsIn WordsWhat It MeansLakers -7 (-110)Lakers minus 7 points at -110 oddsTo win the bet, the Lakers have to win by more than 7 points.Clippers +7 (-110)Clippers plus 7 points at -110 oddsTo win the bet, the Clippers have to win or lose by less than 7 points.In each bet, a push is also possible if the Lakers win by exactly seven points. That would mean each side gets their money back.As for the odds, the most common number for spread bets is -110, but that number varies depending on the location, sportsbook and how popular each side is. The typical number is -110, which means you have to bet $110 to win $100. However, there are states where odds are worse in order to get the state more money such as -115 or -120. This is also called the vig, which is the amount the sportsbook charges per bet.If two teams are equal, PK will be given alongside a team name which means the matchup is considered a "pick 'em." In this case, point spread doesn't matter as this boils down to a moneyline bet and a tie would get your money back.Over/under (total) BetsAn over/under bet applies to the score or points in a given contest.The below over/under table is for the Dallas Cowboys and New York Giants game.OddsIn WordsWhat It Meanso49 (-110)Over 49 points at -110 oddsTo win the bet, the Cowboys and Giants have to combine for more than 49 points.u49 (-110)Under 49 points at -110 oddsTo win the bet, the Cowboys and Giants have to combine for less than 49 points.Similar to a spread bet, if the Cowboys and Giants combine for exactly 49 points, it's a push and each side get their money back. Also similar to spread bets is that the odds can vary.Decimal Odds (British)Decimal odds are most popular in Australia, Canada, Europe and New Zealand. These odds may be the easiest of the three to understand just by looking at the numbers.The team with the higher of the two numbers is the underdog and the team with the lower of the numbers is the favorite. The return can be calculated by multiplying the bet with the the decimal odds.OddsBetReturnProfitLiverpool 1.50$100$150$50Chelsea 3.10$100$310$210Fractional Odds (European)Fractional odds are most popular in the United Kingdom and Ireland, and are often the choice for horse racing. Also, a lot of sportsbooks in the United States will use fractional odds for futures odds.Example odds to win the Super Bowl:OddsIn WordsBetWhat It MeansChiefs 5/2Five to two$100If the Chiefs win the Super Bowl, you win $25049ers 5/1Five to one$100If the 49ers win the Super Bowl, you win $500Ravens 8/1Eight to one$100If the Ravens win the Super Bowl, you win $800 Similar to decimal odds, the return can be determined by multiplying the odds and the bet. Above, 100 times 2.5 (5/2) equals 250. In horse racing, odds will dip to something like 3/5 or 5/7 which usually means that horse is a big favorite. A 3/5 favorite is equal to -167 in American odds and 1.6 in decimal odds.

Question 22

How do sports betting spreads work?

Accepted Answer

Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams.Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, if the Colts are a "-3" point home favorite against the visiting Texans on a sports betting app, site or retail sportsbook, the 3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least four points for you to win the bet. If the Colts win by two points, you would lose. If they win by exactly three, that is referred to as a "push" and the amount that you wagered is refunded. The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home. Bookmakers see these teams as equal and expect to receive fairly even money from bettors. If these teams were widely considered equal and bookmakers put the spread at -10, they wouldn't get equal money as Texans +10 would likely be pounded by bettors.In a spread bet, the odds are usually set at -110 on both sides, depending on the sportsbook and state. That means whether you bet the Colts -3 or Texans +3, you'll win the same amount of money if you win the bet. At -110, you would have to wager $110 to win $100.If you like the Colts to win but think three points is a tricky number, a moneyline bet could be made on the winning team with no points in the equation. In the above example, a Colts moneyline bet doesn't have any other requirements other than they win the game. The difference is that their odds may be set at -140 to win. On the other end, the Texans could be +120 to win. At -140, you would have to wager $140 to win $100. At +120, you could win $120 by risking $100, making the moneyline bet the better, more profitable bet if you are confident that the Texans are going to win the game outright.Sportsbook PromosIf you're ready to start betting on sports, be sure to claim the following offers:BetMGM Bonus Codebet365 Bonus CodeFanatics Sportsbook Promo Code

Question 23

BetMGM Bonus Code - Get A $1500 Bonus Offer With ROTOBONUS

Accepted Answer

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Question 24

Can you bet on sports if you are under 21 years old?

Accepted Answer

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. Each state determines its own age requirement and there are some states with different age levels, depending on the location. In terms of sports betting, all but four states require residents to be at least 21 years old in order to take part, those being Kentucky, Montana, New Hampshire, Rhode Island and Washington D.C. where the age limit is 18 and over, and anyone of age can claim sportsbook promos and use legal, regulated sportsbooks within state lines.As for gambling in general, some states may have an age limit of 18 for sports betting apps and sites, but at casinos that sell liquor, you have to be at least 21 years old.Alabama21Alaska18Arizona21Arkansas21California18, 21Colorado21Connecticut18, 21Delaware21Florida18, 21Georgia21Hawaii21Idaho18Illinois21Indiana21Iowa21Kansas21Kentucky18, 21Louisiana21Maine18Maryland21Massachusetts21MichiganIndian casinos 19, Detroit casinos 21Minnesota18Mississippi21Missouri21Montana18Nebraska18Nevada21New Hampshire18, 21New Jersey21New Mexico21New YorkSeneca casinos 21, Other casinos 18North Carolina21North Dakota21Ohio18Oklahoma18, 21Oregon18, 21Pennsylvania21Rhode Island18South Carolina21South Dakota21Tennessee21Texas21Utah21Vermont21Virginia21Washington18, 21West Virginia21Wisconsin21Wyoming21

Question 25

What is a unit in sports betting?

Accepted Answer

A unit in sports betting is a measurement of the size of a given bet. It's mainly used because everyone's bankroll is different and a unit refers to the percentage of a bankroll. One unit is usually equal to one percent of a bankroll, though it's not the same for everyone.For example, if your bankroll is $1,000, one unit would be $10 or 1%. In this situation, if someone puts three units on a wager with a sports betting app, it would be a $30 bet. If you're a serious bettor, it's rarely a good idea to make a bet with more than five units unless you know something everyone else doesn't. Often, a one-unit play compared to a five-unit play is in reference to a bettor's confidence. If you really like a certain bet, you can lay five units on it.If you're not a serious bettor, units aren't a major deal because you can go into a sportsbook with a set amount of money and bet it all in one night, and also claim sportsbook promos. Maybe you won't spend all of the money on one bet, but if you keep losing, a $500 bankroll can disappear fairly quickly if you're making $100 bets.How are units used in the betting world?Units are often what matter most in the betting world, at least for bettors who share their statistics (like touts). Someone could have a 10-0 betting record and be up 10 units, but a person with a 4-6 record could be up more units if they played their cards right. That's because the four wins could all be five-unit plays, but the six losses are just one-unit bets, making the total tally up 14 units. Either that or the bettor with a 4-6 record was betting on a lot of underdogs and four of them hit.While having a good record is nice to show your friends, the amount of units you're up is what technically matters most, and it's usually what people in the betting world use.

Is sports betting legal in Arkansas?

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