Betting on sports is a popular pastime. And when we say popular, we REALLY mean it. Countless people all over the world enjoy sports betting, so much that they collectively spend billions of dollars on it each year. Not only is it a lot of fun, but there’s also the chance to win money.

1. Sports Betting Is All About Timing
2. All Sports Betting In Va
3. Sports Betting Sites
4. Sports Line Betting Explained

• Sports betting is all about money management, so the most money won on one event is not the most important thing.
• Successful sports betting is ALL about trying to find positive expected value. If your goal is to make money though sports betting, then it’s absolutely vital to properly understand the concept of value. It really is that important.
• 2 days ago  With sports betting becoming more popular by the day, Super Bowl 55 is in line to be the event with the largest volume of wagering in history. It should be noted that sports betting.

The same could be said for almost all forms of gambling, though, and few (if any) are as popular as sports betting. This is especially true online, where the top gambling sites take millions of sports wagers every day.

Jan 26, 2021 Sports betting began in Colorado in May, after voters passed Proposition DD in November 2019. More than $1 billion has been wagered so far. “It’s a sign that we built a healthy, competitive, regulated marketplace,” said state House Speaker Alec Garnett, a Denver Democrat who championed legislation that put Proposition DD on the ballot.

Why does sports betting attract so much attention? It’s difficult to know for sure without surveying every single sports bettor in the world.

Still, after considering everything we know about betting on sports, we believe that it ultimately comes down to two main reasons.

The first is simply that sports themselves are extremely popular. Not everyone is into sports, of course, but there sure are A LOT of people who are. For many of them, betting on the sports they enjoy watching is just a natural progression.

The second main reason is that sports betting is very straightforward. You can start placing wagers with just a limited amount of background knowledge and still have a chance of winning money, especially when betting on sports that you truly understand.

Now, winning money CONSISTENTLY is a different matter. That does require a lot more knowledge and a lot more effort. An understanding of the sports you wager on definitely helps, but it’s not enough to be successful in the long run. You also need to learn and develop certain skills.

There’s no need to worry about all of that when starting out. It’s just something to bear in mind if your long-term goal is to be a profitable bettor. And even if you’re only interested in having some fun, it’s important to know that winning doesn’t come easy.

As straightforward as sports betting is, there are several advantages to learning more about what’s involved before putting your money at risk. This introduction to sports betting is the ideal place to do that. This is designed for complete beginners. We plan to teach you everything you need to know to have the best possible sports betting experience.

Our introduction is divided into three distinct sections. The first section features some essential information to consider before you even get started. It will help you to decide whether sports betting is right for you, and it provides you with insight as to how everything works. The second section is basically a step-by-step guide to actually getting started, and the third section focuses on teaching you some basic betting skills that will really help.

Happy Tuesday, everyone. It’s officially bill-watching season with more states trying to legalize sports betting dominating the news last week.

The team took a look at some of those legalization efforts on the latest edition of the LSR Podcast.

News breaks quickly this time of year so make sure you’re following @LSPReport on Twitter for all the latest updates.

Top sports betting news: Legalization efforts start in five states

Sports Betting Is All About Timing

Five more states tossed their hats into the ring to legalize sports betting this year:

• ArizonaGov. Doug Duceycalled for a revamped gaming landscape in his state, which currently includes tribal casinos. Those gaming compacts expire in 2022.
• Seventeen legislators support a Connecticut sports betting bill that would allow the Mashantucket Pequot and Mohegan Indians to operate online and retail sportsbooks.
• Georgia Rep. Ron Stephens and five others filed HB 86, which would authorize six online sportsbooks to operate under the state lottery.
• OregonGov. Kate Brown is behind a bill that would open up OR sports betting to more than just the lottery-operated online monopoly.
• Out of all of the states, the news on sports betting in Texas is most significant. Sources told LSRGov. Greg Abbott‘s office has reached out to lobbyists and regulators in states with sports betting for advice on how to best legalize the industry.

Michigan could launch online sports betting this week

The authorization to launch online sports betting in Michigan could come any day now.

The launch was “very, very close” as of last Tuesday according to Richard Kalm, executive director of the Michigan Gaming Control Board. Online casino games are also included in the launch.

It’ll be four or five days after the official authorization is given before any operator can take a bet because of various tests that still need to be completed, Kalm added.

That means there’s a chance online betting on the NFL conference championships could be missed. Bettors should have a few choices of where to place their Super Bowl bets, though.

NJ handle inches away from $1 billion

The New Jersey sports betting market almost cracked $1 billion in monthly handle with $996.3 million bet in December.

Sports betting revenue also hit a new high at $66.4 million, good for a 6.6% hold. The sportsbooks paid $7.6 million in taxes to the state.

Handle for all of 2020 was $4.58 billion, up 31% from the prior year. Online handle accounted for 94% of the market, though that may be inflated because of retail sportsbook closures forced by the coronavirus pandemic.

It wasn’t all good news for the state’s sportsbooks last week, though. State regulators warned they would fine any sportsbooks that try to incentivize bettors to cancel withdrawal requests after getting complaints about withdrawal processing times.

Wynn expands its sports betting reach

All Sports Betting In Va

WynnBET, the sportsbook arm of Wynn Resorts, is making up for its late start by working to quickly expand its market access.

The company landed an agreement with Elite Casino Resorts in Iowa, giving WynnBET confirmed access in seven states. The company is also fast-tracking conversations in “more than a dozen other large jurisdictions to be announced.”

The sportsbook is already live in Colorado and New Jersey and expects to launch shortly with Michigan. Along with Iowa, WynnBET also has access in Indiana, Massachusetts and Nevada.

Applications were also submitted in Tennessee and Virginia. Tennessee should be a sure thing since it has no license cap. Virginia, though, is still up in the air even though the brand has an agreement with two NASCAR tracks in the state to be their official online sportsbook pending application approval.

theScore considers US listing

The publicly-traded parent company of theScore Bet could soon find itself available to a much larger pool of interested investors.

Score Media and Gaming‘s management team has considered an additional public listing in the US. That would mean more potential investors and available capital, a higher average trading volume and potentially an increase in valuation, the company said.

There’s no doubt the US is interested in sports betting stocks with stocks like DraftKings and Penn National seeing their valuations grow rapidly last year.

The dual-listing announcement came as part of Score Media’s earnings update, which saw its first quarter EBITDA loss nearly double compared to last year.

AGA, PGA partner up

The PGA Tour is the newest partner of the American Gaming Association‘s Have a Game Plan, Bet Responsibly public service campaign.

The PGA will put its own spin on the campaign. Content will be developed encouraging fans to “Know When to Lay Up” when it comes to betting responsibly.

NASCAR and the NHL are other league partners of the AGA’s campaign.

PointsBet adds another Detroit partnership

Australian-listed PointsBet secured a second partnership in Detroit as the official gaming partner of the Detroit Red Wings and Little Caesars Arena.

Sports Betting Sites

The sportsbook will have the PointsBet Sports Bar, which will include a full-service menu, TVs, VIP access and live betting odds.

Sports Line Betting Explained

PointsBet signed as the official gaming partner of the Detroit Tigers last year.