Embarking on sports betting is an exciting journey all on its own, regardless of when you choose to do it or the reason behind it. Generally speaking, those who choose to explore the depths of sports betting tend to fall in one of the following two categories: they’re either doing it simply for the excitement or strictly as a business venture.
Those who do it for the thrill of the risk, may also be living every single moment intensely while watching the games, but may on the other hand lose more money than they’d originally intended. Those who do it strictly for the gain may get safer and more rewarding gains, but will not partake that much in the excitement of the sport itself.
Regardless of why you’re interested in pursuing this path, it’s important to take note of the background that sports betting has in the US, the legal status it has in certain states and, of course, what some of the most popular and profitable betting options are. Below you’ll find a full guide on everything you need to know about sports betting in the US:
- How Do You Bet Online On Sports In the US?
When talking about sports betting in the US, it’s important to remember that not all states that allow sports betting will also allow you to bet online. Some may require you to go to a physical casino, while others will allow you to bet online on a myriad of apps, as long as you are anywhere within the state limits. For this reason, apps will often use geolocation to make sure every betting activity that’s taking place observes local regulations.
When it comes to the minimum required age for online sports betting, each state will have its own standards. With few exceptions in states that allow online sports betting starting from an age as low as 18, most states will allow this freedom only to bettors that have already turned 21.
- What Are the Most Popular Sports You Can Bet On Online In the US?
This statistic guide shows exactly what people in the US tend to bet more on, in terms of sports. By and large, football leads the way, holding a majority of sports bettors’ interest. Following football, you’ll find that basketball, horse racing, baseball, and soccer are the most beloved sports among US bettors. In addition to these sporting staples, punters also bet on boxing or mixed martial arts, hockey and golf.
- What’s the Legal Status of Online Sports Betting In the US?
Nevada has long been the only state that legalized sports betting, leaving sports bettors from other states with more under-the-radar approaches to their betting activities. However, this is rapidly changing throughout the US, considering that on May 14 the Supreme Court granted all states the freedom to legalize and regulate sports betting.
Some states, such as Pennsylvania for example, immediately legalized sports betting after the Supreme Court’s ruling and you can find out more about the legalities of betting in this state at https://www.wsn.com/. However, some other states are still working on getting the full approval for legalized betting within their borders – such is the case with some states in the Deep South that are still sitting on the sidelines.
- What Are Your Online Sports Betting Options?
As with any other form of betting, online sports betting also has a few common types of wagers you can put your money on. The most popular type of wager is the money line, which is most indicated for baseball or hockey – the money line wager is recommended in basketball or football only if you’re betting on the underdog.
Another frequently occurring type of wager is the over/under bet, which simply allows you to bet on the number of points expected to occur between the two teams playing. This means that it doesn’t really matter which team wins and which one loses.
Point spreads are another type of wager you can bet on, especially if you’re betting on baseball or hockey – the way it works is that the favorite team needs to win by more points indicated in the spread, while the underdog needs to either lose by fewer points than indicated in the spread or just win altogether.
Parlays are somewhat similar to point spreads, but they allow you to bet on more games at the same time. However, they are pretty risky, considering the fact that if you lose one game, you lose them all. People tend to be attracted to this type of wager due to the seemingly greater odds, however, those same odds can often detract other punters.
In a nutshell, this is just about all the basics you need to be aware of if you are looking to delve deeper into the fascinating world of online sports betting. For many, online sports betting presents an exciting adventure, with all its unexpected turns and exhilarating highs. And with increasingly favorable conditions in play, punters can look forward to new and exciting changes in the near future.