What does public money mean in sports betting?
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Last Updated: Apr 27, 2020
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Fact Checked By:
Adam Zdroik
Public money is the amount of money the majority of people are betting on a certain side.
It's as simple as it sounds. For example, if 75% of the bets are on the Chiefs -7 against the Rams, the public money is on the Chiefs.
This is important because the public is wrong more often than not, which is why sports betting exists. Public money is in reference to the bet percentage, which is different than the money percentage. In the above example, maybe only 25% of the money is on the Chiefs. This means that while there are more bets on the Chiefs, there are bigger bets on the Rams.
In that extreme case, it's likely due to the sharps (pro bettors), who are dumping money onto the Rams +7 because they see an advantage in the line. It's not always that extreme, but it's rarely a good idea to back where public money is going, especially if it's more than 80%. This is usually called fading the public.
Read More Sports Betting Q&As
Yes. Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
Sports betting is legal in Ohio, and takes bets as of January 1, 2023.
Yes, sports betting is legal in Maryland. It launched on November 23, 2022.
Yes, sports betting is live in Massachusetts.
Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.
Yes. Colorado legalized in-person and mobile sports betting in November 2019.
Yes. Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Sports betting is legal and regulated in Arizona as of football season in 2021.
Yes. New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision.
Yes, FanDuel pays out real money. Whether you use the DFS portion of the website, sportsbook, or online casino, you will be paid out in real money.
Yes. Illinois passed sports betting legislature in 2019 and launched at legal sportsbooks in March 2020.
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
Bonus bets in sports betting are often connected to deposits and are also referred to as bonuses.
Yes, sports betting is legal in the state of Ohio.
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FanDuel Sportsbook is legal in 22 states. These states are AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VA, VT, WV, WY.
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Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams.
The BetMGM bonus code is ROTOBONUS giving new customers a $1500 first bet offer. Copy and paste the code upon registration to redeem.
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.
A unit in sports betting is a measurement of the size of a given bet.
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