Sports Betting 101

Sports betting is simple to learn, and unlike other forms of betting you’re not relying on just luck to bring home a win.

Although it’s one of the oldest forms of betting known to man, the sheer straightforward nature of sports betting makes it an intriguing and popular form of betting in the US and across the world. Being able to apply your sports knowledge makes the betting process quite fun, and with easy-to-navigate online betting sites, the process is quite easy and painless.

How to place a Sports bet in the U.S.

The process is quick, easy and there are several ways you can place your bet:

  • online via apps available on smart phones,
  • on a betting website,
  • over the phone,
  • at a bookmaking shop, or
  • at a casino that has a sportsbook.

Online Bookmakers are a dime a dozen in the digital world. Sites like Bet365, DraftKings Sportsbook, BetStars, and Fanduel make it easy for you to get started, and some of them even give you your first bet free.

To get started, you just need to choose an online site, deposit funds into your account, and after a few clicks, your online bet will be live. However, with financial institutions waiting on more widespread regulation changes, a General Purpose Reloadable card will be needed in order to process gaming deposits and gaming payouts in a timely manner for those in states where gambling is already legal.

Bookmaking Shops have been popping up throughout the country after the legalization of sports betting in a number of states. They are very common on the East Coast and in the United Kingdom. Although a bit old school, this is still a cherished and popular method to place your bets.

All you need to is go up to the counter with a completed betting slip and hand over your cash. The cashier will go over your odds with you, if they aren’t already on display in the shop, and off you go. In the event that you win, you will need to present your slip to the cashier and you’re paid in cash. However, if you were to win BIG, then a more secure method would be used than cash!

A sportsbook at a casino is essentially the same as a bookmaking shop, but at a different location. They are most prominent in Las Vegas, but now also available in states with legalized sports betting and in Arkansas, where casino gaming now includes wagers on sporting events.

Although rarely a common occurrence among the masses, you can place your bets over the phone. To place your bet this way, you would just phone your bookmaker, give him/her the details of your bet, your form of payment and voila! You are now in the running.

What states allow sports betting?

After decades of Nevada having a near monopoly on Legal Sports betting in the US, much of the country is quickly legalizing sports betting and adapting to the new norm. There are currently eight states that have legalized sports gambling, and several other states that have a sports betting bill under consideration.

Sports’ betting is currently legal in:

  • Nevada
  • New Mexico
  • Mississippi
  • West Virginia
  • Pennsylvania
  • Delaware
  • New Jersey
  • Rhode Island

The following states have introduced bills to get the legalization of sports betting underway:

  • California
  • Oregon
  • Kansas
  • Oklahoma
  • Missouri
  • Iowa
  • Louisiana
  • Minnesota
  • Illinois
  • Indiana
  • Kentucky
  • Ohio
  • Michigan
  • South Carolina
  • New York
  • Maryland
  • Connecticut
  • Massachusetts

Although quite fun, sports betting is to be taken seriously if you actually want to make money. There are strategies and money management practices that will help you win and preserve your bankroll.

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