Aug 14

The legal NFL sports betting outlook across North America.

The Legal NFL Sports Betting Outlook across North America, Aug. 2019

With the 2019-20 NFL Preseason well underway and the Regular Season fast approaching, we thought it might be a good time to take a closer look at the current legal status of sports betting across the US and Canada. For some it’s legal. For others it’s illegal. And as usual, there are a few in-betweens that require greater explanation.

As many of you know, a cursory glance will cover our situation in the Great White North, so we’ll get to that one first. Our neighbors to the south, however, have a lot more legal fluctuation to deal with these days. Some are even scrambling to get their sportsbooks open before the first official NFL kick-off of the season on September 5, 2019.

Legal NFL Sports Betting in Canada

Above the 49th parallel, the situation has maintained status quo for years. We can bet on sports till the cows come home, but it’s more like buying a lottery ticket. You grab a slip at your local retailer, fill out a series of picks (3 to 6 in most provinces), and hand it to the cashier for purchase. The odds aren’t too appealing, since we’re forced to bet parlay style, where all picks have to be correct or the entire bet is lost.

Yes, straight up betting is still illegal in Canada. But that statement means more than meets the eye. You can’t bet on a single even “in” Canada, but you can bet on a single event at any reputable online sportsbook “outside” of Canada.

That makes two advantages we have over most Americans.

US Sports Betting Laws to Date (Aug 13, 2019)

Following last year’s reversal of PASPA, state governments immediately began legalizing, or debating legalization of, sports betting. So far, 10 states have a lawful sports betting market – some with mobile offerings, some without. They include, in order of implementation:

  • Nevada: Legal since 1949, Nevada was the only state to offer legalized sports betting during the 26-year reign of PASPA (1992-2018). Local sportsbooks are available within most of the state’s casinos. In 2010, mobile sports betting was added, giving punters the ability to place a legal bet from anywhere in Nevada.
  • Delaware: This state’s sports betting laws went into effect the moment PASPA’s 26-year reign ended in May 2018, thanks to a 2009 law giving DE Lottery the right to expand its parlay products. Only PASPA stood in the way. Therefore, upon its repeal, sportsbooks were instantly legal. However, wagers may only be placed at one of the state’s three land-based casinos, Delaware Park, Dover Downs or Harrington Raceway. While mobile sports betting is technically legal, no authorized provider has launched an online or mobile sports betting app.
  • New Jersey: Sports betting was legalized in New Jersey as quickly as the governor could get his signature on the bill. Within 72 hours, the first bets were taken at land-based casinos. By July 2018, online and mobile sportsbooks went live.
  • Mississippi: Legalization of sports wagers had been on the agenda since 2017 in Mississippi. Once legislation was capable of moving forward, it did so, going into effect on August 1, 2018. Like all other forms of gambling in the state, sports betting is limited to physical casinos, on land or on water, but not online.
  • West Virginia: Punters in West Virginia have been able to access retail sportsbooks since August 2018, and online sportsbooks since December 2018. However, a legal dispute caused the state’s sole mobile sports betting app to shut down that same month. No additional mobile offerings have appeared since.
  • New Mexico: While the state of New Mexico has not legalized betting on sports, one tribal casino, the Santa Ana Star, offers a legal sportsbook under its Class III gaming license. The state isn’t happy about it, but would have to amend existing laws to put a stop to it.
  • Pennsylvania: Technically, sports betting became legal in Pennsylvania the moment PASPA was lifted, but regulatory guidelines were nowhere near ready. The first sports bets were not accepted until November of 2018. Likewise, the first online and mobile sportsbooks appeared until May of 2019.
  • Rhode Island: Sports wagering was passed in June 2018, with the first bets taken at the very end of 2018. In March 2019, legislation was updated to approve mobile sports betting. Launch is pending, with the goal of offering a mobile sports product before the starts of the 2019-20 NFL regular season.
  • Arkansas: Some would say Arkansas is late to the game, but better late than never, right? The Oaklawn Racing Casino Resort is currently the only casino to offer sports betting in the state, accepting its first wagers in July 2019. Others are planning to follow suit in the coming months.
  • New York: On the law books since 2013, it took New York until July 2019 to finalize regulations and authorizations for sports betting. The first land-based offerings came along last month, but so far, the state has no plans to integrate online or mobile sports betting.

Legal But Pending Launch

The following list of US states have already moved to legalize the activity, and are currently racing to deliver a legal NFL sports betting product before September 5.

  • Illinois
  • Indiana
  • Iowa
  • Montana
  • New Hampshire
  • North Carolina
  • Oregon
  • Tennessee

written by Grameister777 \\ tags: , , , , , , , , , , , ,

Jun 04

Gambling 101: Probabilities predict theoretical returns, not future results.

Gambling 101: Probabilities Predict Theoretical Returns, Not Future Results

Casino gambling can be a tumultuous thing. It comes with deep swings – ups and downs that can send our emotions soaring through the clouds one day, and our bankroll down into the doldrums the next. The transient nature of casino games is more volatile than most people realize, leading them to believe that with the right strategy, they can overcome the odds.

Therein lies one of the most common mistakes of novice gamblers – the belief that acquiring enough knowledge will give them the upper hand against the casino. Unfortunately for us players, it doesn’t work that way; at least, not anymore. And thanks to super intelligent computers that can crunch millions of numbers in under a second, it never will again.

Knowledge and skill are the experienced player’s friend. They can help the gambler to gain the best edge, but not a player’s edge. No matter how smart or mathematically inclined a person is, they cannot use that knowledge to predict the gambling future.

I know that a French Roulette wheel has two different levels of house edge. Even-money bets have a better payout rate than any other bets that pay 2-to-1 or more. I also know that those bets have a 1.35% house edge, which means players who make those bets should (collectively and over a long period of time) win back 98.65% of all those wagers.

Gambling Probabilities Predict Theoretical Returns

Gambling Probabilities Can't Predict Gambling Future

This knowledge of the game should provoke me to place only even money bets. Employing the skills that this knowledge has taught me, I will avoid the 2.7% house edge of all other bets and stick only to those that have the highest rate of return.

In this way, I am applying both knowledge and skill. But neither of these assets can predict the game’s future. I’ve gained no insight as to whether the next number will be black or red, odd or even, high or low. It is not going to help me predict future outcomes. The only thing my mental acuteness for French Roulette has given me is the keen ability to, on average, lose less money than an inexperienced player who wagers the full gambit of the roulette betting diagram.

Gambling’s Future Results are Unpredictable

Okay, you’re going to argue with me here. I know half the world predicted New England would win the Super Bowl over the Rams this year, and the other half doesn’t watch football. But it’s rare such simple bets come along. In a casino, they simply don’t exist.

None can predict with 100% assurance that will win the next slot machine pull, hit 3 of 3 keno numbers, or be dealt a blackjack. None can, with consistent accuracy, foretell when the craps shooter will crap out or the baccarat banker and player will tie. Were there any source of knowledge or superlative skill that gave players the ability to predict the gambling future, casinos would have been driven out of business long ago.

Play Smarter – Know The Difference

In gambling, the only realities are these:

  • Some players will win money
  • Some players will lose money
  • More players will lose than win.

Such is the ecosystem of casinos. Those who understand this – and use combined knowledge and skill to make smarter decisions – will not only have a higher chance of being among that first group of winners. They’ll also have the wisdom to bet responsibly and take their losses in stride.

written by Grameister777 \\ tags: , , , , , , , ,

Apr 26

Experts warn legal sports betting to feed match fixing crisis.

Experts Warn Legal Sports Betting to Feed Match Fixing Crisis

Competitive sports are a fascinating thing. Athletic contests, from feats of strength, to races, to team exhibitions, have existed as long as mankind has walked the earth. And for all that time, we’ve suffered the compulsion to pick a favorite – a likely winner – one we’re so confident in that some of us are willing to stakes something we hold dear upon it.

Thus is the nature of the timeless pastime we call sports betting. Sure, some of us are pure fans of the game, watching and cheering on our favorites for no other reason than our passion for the sport. But there’s no denying, a little action certainly raises the bar of exhilaration for viewers.

It’s not just the chance to win money that excites us, but the unpredictability of it all. We may truly believe we’ve picked a winner, but deep down, we know anything can happen, and it’s that uncertainty that drives the adrenaline ever faster through our veins as the game clock winds down.

Take away the unpredictability, and you take away everything that gives a sport meaning. No one will watch anymore. None will wager. The players will lose their drive. Teams will disband. Without unpredictability, sports will cease to exist.

As irrational as this sounds, it is not so preposterous when you look at the bigger picture; at what’s taking place behind the scenes all over the world. And now that the legalization of sports betting is spreading rapidly through the veins of North America, experts are becoming more concerned than ever.

Legal Sports Betting to Feed Match Fixing in Sports

For decades, the most persuasive argument against the legalization of sports betting has been the fear of rampant match fixing. It’s a foul enterprise that’s been present for ages. The prohibition on sports gambling wasn’t enough to prevent it, and now experts say the lifting of such bans could become the catalyst for the eventual demise of sports integrity.

Who are these so-called experts? They are Richard McLaren and David Howman, both speakers at the Symposium on Match Manipulation and Gambling in Sport, held in Toronto earlier this week.

Symposium Details Organized Crime, Doping and Match Fixing in Sports

Richard McLaren, a Canadian law professor and CEO of McLaren Global Sport Solutions, authored a state-sponsored report on the Russian match fixing crisis in 2016. David Howman, a New Zealand barrister, is the former director of the World Anti-Doping Agency (WADA, 2003-16), and current chair of the Athletic Integrity Unit.

Together, the two men described a sobering environment in which match manipulation is becoming more prominent than doping. These two factors combined are now the most alarming issues threatening the integrity of sports all over the world.

Multiple cases of match fixing have been identified in tennis for the last few years – especially at the lower amateur levels, where athletes hardly make enough money to cover their cost participation – but never so many incidents as were unearthed in 2018. More recently, a pair of snooker players were banned for match fixing and failing to report corruption. Just two months ago, a soccer referee received a lifetime ban for accepting bribes to manipulate matches.

Organized Crime Syndicates to Blame

Howman pins the problem on organized crime syndicates. “I have done a lot of work in the general sport integrity area and I can quote you what I am told by people who work in that more general business, including enforcement agents,” he said. “They all say the biggest threat to sport integrity is organised crime.”

Andy Cunningham, Director of Integrity for Sportradar, a company that monitors and analyzes patterns in sports betting, reporting its intelligence to more than one hundred governing sports authorities, accentuated Howman’s message.

“We saw it coming at WADA and I raised it during my term there as a significant issue that needed to be countered by world sport, because the bad guys involved in pushing dope and steroids are the same bad guys involved in match manipulation,” said Cunningham.

According to Interpol, an estimated $500 billion per year is wagered on sports – a hard figure to come by when it includes both legal and illegal wagering activity. Nonetheless, it presents a tasty smorgasbord for match fixers, who making untold amounts of money manipulating the outcomes of everything from the highest rungs of World Cup matches to the lowly Canadian Soccer League (CSL).

written by Grameister777 \\ tags: , , , , , ,

Nov 27

Canada Online Sportsbooks & Casinos: One thing leads to another

Canada Online Sportsbooks & Casinos: One Thing Leads to AnotherThe largest, most populated provinces in Canada have recognized the need for a competitive, internet-based gambling market. British Columbia, Manitoba, Ontario and Quebec each offer their residents a safe and secure, home-grown online casino venue, complete with a wide range of gaming options. For Canadian casino fans, it’s more than enough. But what about those who also enjoy sports betting?

The argument has been circulating for years, but never so vigorously as it has since May of this year. That’s the month the US Supreme Court overturned a 26-year old law banning sports betting across most of the country.

Canadians are no longer content to play their Pro Line parlay tickets. They want good odds, on single event bets, and they know exactly where to get them. And while they’re at it, they’re taking advantage of other online gambling needs that they could have gotten right here in Canada. But why should they?

Best Canada Online Sportsbooks Aren’t in Canada

The law may not permit Canadians to bet on single sporting events here at home, but there’s no legal recourse for betting over the internet with internationally regulated sportsbooks. Logging onto these websites gives punters access to all the games they could ever desire to bet on, in all ways imaginable, and then some.

For years, a small margin of Canadian sports fans used offshore sportsbooks to place their bets. Now that it’s legal to do so for our neighbors to the south, the attraction is so much stronger. And with mobile gambling set to surpass traditional desktop betting, it’s more convenient than ever before, as well.

The end result is simple. With no good online sports betting in Canada, more and more people are accessing international betting sites than ever. But that’s only part of the problem. International sportsbooks aren’t just taking a toll on our Pro Line ticket sales. They’re detracting from the clientele at those provincially run online casinos our government officials spent so much time and money establishing.

One Thing Leads to Another…

So many of today’s premier online gambling websites are a multi-channel affair. Take Unibet for example. It’s a one-stop-shop for all your iGaming needs. There’s Unibet Sports, Unibet Casino, Unibet Poker, Unibet Bingo, etc., etc., etc. A lot of today’s major brands offer the same multi-channel set-up. When a Canadian joins one of these websites to gain access to good online sports betting odds, what’s to stop them from using the other verticals?

Think about it. Bob from Ontario could use Unibet Sports to bet on the Toronto Blue Jays, and then log into for his blackjack gaming, but why should he? Bob is a busy man. With Unibet, he could make a single deposit into a single account, then bet on both with just a few taps of his finger. Bob would also have access to larger deposit bonuses, bigger tournaments and a throng of additional promotions that home-grown operators simply can’t stack up to.

The only argument Canadian provinces can pose is that Bob should game with them, because his losses will end up in the provincial tax coffers. Bob doesn’t want to hear that. Bob wants to hear that. He doesn’t want to hear how his losing will benefit others. He wants to focus on winning. And with offshore online sportsbooks and casinos, his odds of winning are so much better.

We Need Good Online Sportsbooks in Canada

As you can see, the need for more liberal sports betting laws goes so much deeper than most of our government officials, and even regulatory bodies, realize. It’s not just sportsbook revenue we’re losing out on. It’s not just a mere fraction of Canadians taking advantage of offshore internet gambling websites.

One thing leads to another, and the problem will only get bigger. Instead of missing out on higher revenue, provinces are going to start losing revenue all across Canada. Online sportsbooks are what the people want, and until the government gives it to them, they’re going go out and get it—along with everything else they want to wager on—elsewhere.

written by Grameister777 \\ tags: , , , , , , , , , , , , , , , , , ,

Oct 08

NASCAR betting rules coming in 2019 as Dover hosts first on-track bets.

As the green flag waved down over Dover International Speedway this weekend, it indicated much more than the start of the Gander Outdoors 400, part of the Monster Energy NASCAR Cup Series, at the popular Delaware raceway. It also marked the beginning of a new era in auto race betting.

First on-site auto race betting comes to Dover Intl Speedway, NASCAR betting rules to follow.

Fans line up to place first on-site bets on Sunday’s NASCAR race at Dover International Speedway in Delaware, October 7, 2018 – photo credit AP

The Dover racetrack launched its new on-site betting kiosk on Sunday, becoming the first NASCAR track ever to permit race gambling on location. With the introduction of sports betting, the racing association says it will be implementing gambling regulations for the sport next year.

NASCAR Betting Rules Coming in 2019

At present, there are no rules in place to direct NASCAR associates, drivers or members of their crew. All are capable of betting on races, should they choose to do so. Kyle Busch could place a bet on himself, or on any other driver. And if history has taught us anything, it’s that contestants being able to bet on themselves and/or others does not bode well for the integrity of the sport.

On-Track Auto Race Betting on NASCAR Cup SeriesSteve Phelps, President of NASCAR, says a whole new set of guidelines will appear in the racing rulebook next year. The regulations will address a number of gambling factors, including who can bet, what can be bet on, and the code of conduct for sponsorship.

“I think for ’19, we’ll have some rules that we’ll put in place,” said Phelps on Sunday. “For right now, there’ll be betting here. They have a kiosk here, you can bet inside. We’ll study and see how that goes, but I think we’ll have some rules in place for sponsorship, for what betting looks like, and continue to see what happens in the landscape overall.”

He believes drivers and teams understand “the way the rulebook looks today”, and says that clarification will come next year. No doubt, it will provide exclusions that prohibit drivers and teams from participating in auto race betting.

“From a sponsorship standpoint,” adds Phelps, “I think sponsorship will definitely … gravitate to NASCAR as most sponsors do because of the return on the investment they can get because of the visibility that it has.”

Auto Race Betting in Dover

Delaware has taken an accelerated approach to sports betting. On June 5, 2018, hardly three weeks after the PASPA law was rescinded by the US Supreme Court, the necessary regulations were in place to launch a full-scale sports gambling market in the state. It took a bit longer to get on-site auto race betting on the menu.

Fans were lined up at the betting kiosk outside Dover International Speedway hours before Sunday’s big race, placing their wagers on various outcomes and situations. Straight up bets on the eventual winner weren’t the only popular means of gambling. Various prop bets were made available, including things like ‘most laps led by any driver’, and the ‘total number of caution flags’ waved over the course of the race.

NASCAR betting isn’t the only option, either. Delaware’s Dover International Speedway and Dover Downs each offer a wide range of professional league sports betting options at their properties; baseball, basketball, football, golf, hockey, and soccer round out the current menu.

written by Grameister777 \\ tags: , , , , ,

Jul 17

The Market Marauders Approach to Gambling: Online casino games, sports books, or poker? Pick your digital poison.

Online Casino games, sports books or poker? Pick your digital poison.This may be the digital age—an age where the upcoming generation knows nothing of touch-tone phones, hard-cover dictionaries, or mechanized musical apparatus—but gambling existed long before the internet, or anything close to touch-screen technology. And yet, the forms of gambling enjoyed today are the same types our long-lost ancestors enjoyed centuries ago. We just enjoy them a bit differently, and with much greater ease of access. 

Online gambling opened a vast door of opportunities. The three most popular types of online gambling align closely with the most famous gambling amusements of old. Wagering on sporting events, or any competition of athletic prowess, was the first among them. Card games, much like the poker games played today, came after. Then, just a few short centuries ago, gambling was commercialized by way of casinos, with game variety evolving and expanding throughout the decades. 

Online Casino Games, Sports Books or Poker? Pick your Digital Poison

The internet made access to these games so invariably convenient. As a result, the number of casual gamblers has exploded. For so many, the idea of whether to place a wager is no longer the question, but rather on what to place a wager? 

Online Casino Games 

Casino games are perfect for those who have no exceptional passion, particularly for sports or mentally-extraneous poker games. The variety of gaming options is immense. They range from the easiest of games, like slot machines, to more complex titles with a multitude of betting options, such as craps and roulette. Card gaming enthusiasts will find no shortage of table games; things like blackjack, baccarat, pai gow poker, Caribbean stud, let ‘em ride, red dog, war, ultimate Texas holdem, the list goes on and on. And that doesn’t even include the array of single-player video poker variants on the market. 

If having a wide selection of entertainment suits your fancy, online casino games are a perfect choice. And another fascinating corollary of the internet is access limitless to tips, tricks and strategies to increase your odds of actually winning these games. You won’t sway the edge into your favor, but there’s nothing wrong with raising the odds. 

Online Sports Books 

The oldest gambling form in history, betting on sports contests has always been popular. It’s no surprise that more and more people are using their computers and smartphones to place bets than ever before. Where betting on the locally televised events was once fancied, the internet gave us access to wagers on every possible contest played around the globe. 

If you enjoy athletics in general, whether it be a particular sport or league, or anything worthy of ESPN coverage, sports books present the perfect opportunity to increase the action. If you happen to closely follow the sports and leagues you wager on, you’re already a step ahead of the game in making the best statistical picks. 

Online Poker Rooms

Unlike online casino games and sports betting, the popularity of poker is clearly a product of the world wide web. Before the internet came along, the World Series of Poker—the most prestigious poker event in the world—never once saw 400 players in the field. 

Then in 2000, when online poker was in its absolute infancy, interest began to rise, if ever so slightly, attracting a record field of 512. The next year, 613. And in 2003, when the first WSOP satellites were offered online, the crowd rose to 839. That was the same year Chris Moneymaker took a satellite entry all the way to the WSOP Championship bank for $2.5 million. His success encouraged a much larger field of over 2,500 players the following year. Since 2006, entries have fluctuated anywhere from 6,300, up to the current record of 8,773. 

But alas, poker is not a game for the faint of heart. One must master the skill of mathematics, or psychological warfare, to have any hope of survival. Those who master both… they are the freakishly successful pros we love (fear) and admire today. 

Of course, the choice is yours to make. Online casinos, sports books or poker? Only you can decide which is right for you. The best advice I can offer is to choose your gambling sites wisely, know the games you play, start small, and always be mindful of your budget. 

written by Grameister777 \\ tags: , , , , , , , , , , , , , , , ,

Jul 14

Complex Sports Parlays: Understanding If Bets and Reverse Bets

Complex sports parlays, How If Bets and Revers Bets workSome sports betting options are simple. Straight up bets are the easiest. “I bet $5 this team will beat that team.” Couldn’t be easier, right? Then there are some more complicated types of wagers that serious punters thrive on. If Bets and Reverse Bets are certainly among them.

In general, parlays aren’t the types of wagers I’m attracted to. The more contests you pick, the longer the odds become of winning. Of course, the payout gets higher too, which is one reason some people like them. But if bets and reverse bets are a bit different. They allow parlay punters to hedge their bets, in a manner, making them less risky.

Understanding If Bets and Reverse Bets

As I said, these can seem like pretty complex sports parlays. But once you understand the concept, they aren’t so difficult at all. If you’re like most sports betting enthusiasts, you’ll either love them or hate them.

Because these are essentially parlays with extenuating circumstances that govern their profitability, you need to be familiar with basic parlay bets first. You can learn more about how to bet on parlays here:

How to Bet on Futures, Parlays & Teasers

How If Bets Work

An If Bet could be called a protected parlay. Or, you could call it a straight up bet on one team, which rolls over to the next team if it wins, and the next again if that one wins, etc. Most online sportsbooks allow punters to select between 2 and 6 picks.

In order to collect any pay out, you just need the first selection to be correct. If that selection wins, you get the payout, and the original stake rolls over to the next pick. If the second selection is also correct, your profit increases, and again, the parlay continues. The bet remains active until one of your picks loses, or until all bets come in correct. If, however, the first selection loses, it’s all over—the wager is lost.

For example, let’s say you place a $100 if bet on three hockey games. You choose the Maple Leaves, Canucks and Penguins to win, in that order. We’ll assume each pays even money, to make things simple, but of course, that won’t always be the case (see Understanding Sports Odds for more information).

Here are the possible scenarios…

  • The Maple Leaves lose. Your wager is lost and the bet is over. Or…

  • The Maple Leaves win. You receive $100—an equal amount to your stake—and the bet continues. Then…

    • The Canucks lose. Your initial $100 stake is lost, but you keep the first $100 payout. You’ve broken even, and the bet is over. Or…

    • The Canucks win. You receive another $100 payout, and the initial stake is placed on the next game. The parlay continues. Then…

      • The Penguins lose. Your initial $100 stake is lost, but you keep the $200 payout for the first two games. You’re up $100, and the bet is over. Or…

      • The Penguins win. You receive another $100 payout, plus your original stake back, and the bet is complete. Your profit is $300.

How Reverse Bets Work

A Reverse Bet is simply a compilation of If Bets that set the picks in all possible orders. Using the same example as above, a $100 reverse bet on these three teams would look like this:

Maple Leaves – Canucks – Penguins

Maple Leaves – Penguins – Canucks

Canucks – Maple Leaves – Penguins

Canucks – Penguins – Maple Leaves

Penguins – Maple Leaves – Cancuks

Penguins – Canucks – Maple Leaves

In this way, if just one of your selections is correct, you’re guaranteed to receive at least $200. If two teams win, your receive $600. And if all three teams win, you get $1,800, plus your initial stake back.

However—and this is a BIG however—your initial stake is multiplied by the number of bets being placed. In this case, there are six total bets, for a total stake of $600 ($100 each).

This means that, at even-money odds, two of your selections must be correct just to break even. A profit is only made if all three are correct. If one is correct, you lose $400; if none correct, you lose $600.

To have a decent chance of being profitable, reverse bets are generally made on underdog teams with long odds and high payouts for a win. If the odds are long enough, you can actually make a profit on just one team’s unlikely success.

written by Grameister777 \\ tags: , , , , ,

Jul 09

Guide to Easy Alternative Sport Bets: Spreads, Totals and Prop Bets

Guide to Easy Alternative Sports Bets – Spreads, Totals and Prop BetsSports betting is one of the most common gambling mechanisms in the world. Whether it’s a friendly bet between friends, an online wager with your favorite sportsbook, or laying odds at the local casino—putting action on an upcoming sporting event certainly increases the entertainment level of watching the game.

Previously, in our introduction to sports betting for beginners, we covered the most basic wager of all—the straight up bet. This is a simple wager for one athlete or team to win over the other. Today, we’ll get a little more involved, covering a few intermediate types of sports wagers.

Easy Alternative Sports Bets

There are nearly as many ways to bet on sports as there are types of sports to bet on. That’s a high number, let me tell you. We won’t get into the more complex wagering methods just yet, though. Some easy alternatives to the straight-up betting include point spreads, totals (a.k.a. over/unders), and prop bets.

Betting on Point Spreads

Point spread betting is extremely easy, once you become familiar with the semantics. It’s all about calculating the probable difference between how much one team scores, versus their opponents score. Point spreads are very similar to straight up bets, except that instead of picking one team to win, you’re picking a range of how many points a team will win or lose by.

The bookmaker will set the spread, and the payout is always even money. For example, let’s say the Toronto Raptors are playing the Boston Celtics. The spread might look like this:

Toronto Raptors -8

Boston Celtics +8

This means the bookmaker believes the Toronto Raptors will win by 8 points. Therefore they’ve deducted 8 points from their total score. The Celtics are the underdog, and have been given +8 points.

If you choose to bet on the Raptors, they must win by more than 8 points in order for your wager to pay out. If the Raptors lose, or win by 7 points or less, the bet is lost.

If you pick the Celtics, they must either win, or lose by less than 8 points in order for you to win the bet. If the Raptors lose by 8 or more points, you lose the bet.

Should the game end directly on the points spread—meaning the Raptors win by exactly 8 points—it’s a tie. All player bets are lost; the bookmaker wins everything.

Betting on Totals (Over/Unders)

Totals, or Over/Unders as some call them, are similar to point spreads. However, you’re not betting on a team to win/lose by a certain range of points. Instead, you’re betting that the total score between both contenders will be higher or lower—over or under—the total score estimated by the bookmaker.

Let’s say the projected total score for a football game is 42.

If you bet Over, you’re betting that the two teams combined will score a total of 43 or more points. If so, you win. But if the score is 42 or below, you lose.

If you bet Under, you’re wagering that the total score will be 41 or less. If so, you win. But if the score is 42+, you lose.

Again, if the score is exactly 42, the bookmaker claims all bets.

Prop Bets and Specials

Prop bets, short for proposition bets (a.k.a. Specials), are very different from straight up bets. It has nothing to do with winners and losers, or who scores the most. These are extremely easy sports bets on whether some particular event will occur during the game.

Some examples of common prop bets in football include:

  • Which team will win coin toss
  • First team to score
  • First player to score
  • First score will be a touchdown
  • First score will be a field goal
  • Team who scores first will win
  • [Player Name] will score a touchdown
  • Special teams will score touchdown
  • [Player Name] will fumble

These and other prop bets can be applied to all types of sports, in many different ways. The payouts will be determined by the bookmaker, based on the likelihood of the event occurring.

Once you’re familiar with some of these easier alternative sports bets, why not explore some of the more complex wagering options? See our follow-up tutorial, Advanced Sports Betting Tactics, dealing with futures, parlays, teasers and pleasers. You can also learn about special types of parlay wagers in our segment on Understanding If Bets and Reverse Bets.

written by Grameister777 \\ tags: , , , , , , ,

Jun 28

ULeth Prof. says Canada single-game sports betting law will broaden.

Dr. Robert Wood says Canada single-game sports betting law will come to passDr. Robert Wood has an academic resume a mile long. After earning a B.A. (Hons), M.A. and Ph.D in Sociology, he went on to become a Professor of Sociology, and the Dean of the School of Graduate Studies, at the University of Lethbridge in Alberta, Canada.

According to his auto-biographical profile on the ULeth website, Dr. Wood says for the last 15 years:

…my research activity has been situated predominantly in the area of problem gambling, with particular foci on Internet gambling, problem gambling revenue, the socio-cultural aspects of problem gambling, prevention of problem gambling, and public policies related to gambling in contemporary society.”

In a recent report, Dr. Wood shares his expertise on single-game betting on sports, and how the “trickle effect” will see the Canadian government legalize this multi-billion dollar industry.

Canada Single-Game Sports Betting Law will Broaden

Wood admits that Canada’s gambling laws are already lenient. We have land-based and online casinos, poker, bingo, lotteries, and—to a limited degree—sports wagering. However, the Pro-Line and Sport Select products currently available are more restrictive than most bettors would like. Wagers must be placed as parlays, selecting the outcomes of multiple events, as opposed to single-event betting.

To the south, sports betting has been wholly illegal in all states except Nevada for more than two and a half decades. The US Supreme Court overturned that law last month, opening the levy for a flood of legal sports betting across the country.

This action brought about the biggest question in the history of Canadian gambling laws since the inception of provincial lotteries in 1969…

Will Single-Game Betting Become Legal in Canada?

Live, Online and Mobile Single-Game Betting on Sports in CanadaDr. Wood certainly believes so. “I’d be surprised if if we don’t follow suit,” he says. “There is often a trickle effect associated with gambling. The fact that it will be legal in the U.S. is going to make it pretty hard for us to maintain it as an illegal form here.”

He argues that the stigma that once surrounded gambling, and even online gambling, no longer exists in Canada. Betting on single events is something that already takes place on a widespread basis in the country—or more appropriately, outside the country.

An estimated $4 billion is wagered annually by Canadians through offshore websites; which are, for the record, not illegal to access. Sources indicate as much as $10 billion more is bet each year through organized crime.

“You’re trying to regulate something that many people want to do and something that, for most people, is not that morally contentious anymore,” says the Professor.

Legalizing Single-Game Betting Won’t Solve Everything

“Even if the government legalizes sports betting, it doesn’t mean you’re going to stop all illegal gambling,” he continues. In his expert onion, it is largely dependent “on the quality of the product”, as has been proven already by existing online gambling websites.

“Some countries have regulated online gambling in order to minimize the outflow of cash, but the product they offer isn’t very desirable,” he says. “The games aren’t what gamblers want to play and ultimately it fails.”

Thus, if and when Canada does broaden its sports betting laws to include single-event wagers, provinces will need to take the extra step to provide a product that genuinely appeals to Canadian punters. Otherwise, billions of dollars will continue to flow offshore, and into the hands of criminal organizations.

The Social Effects of Legalization

Being an expert on the social aspect of gambling and addiction, Dr. Wood’s opinion is highly valuable in this regard. One of the major arguments against legalization is that it will proliferate problem gambling. Professor Wood disagrees.

“There’s always going to be a social cost to gambling,” he says. “There’s a small proportion of the population that becomes addicted to gambling or develops some sort of severe form of problem gambling and that’s always going to be the case, whether it is legal or illegal.”

He believes the determining factor will be the government’s willingness to reinvest “enough of the gambling revenue in a way that’s going to minimize the harm.” Unfortunately, Dr. Wood doesn’t believe Canada’s politicians have been very effective in that department.

“For the government, it comes down to revenue,” he says. As of now, the lack of a Canada single-game sports betting law is a missed opportunity. “It’s just lost revenue that could be used to fund any number of positive social initiatives, and to treat gambling problems that already pose a cost to our health-care system.”

written by Grameister777 \\ tags: , , , , , , , , , , , ,

May 22

Could expansion of Canada sports betting law lead to illegal match fixing?

Canada Sports Betting LawWhen the US Supreme Court ruled to overturn a 26 year old law prohibiting sports betting in all states but Nevada, it ignited a fire beneath political agendas all across Canada. One after another, advocates of legalizing single game sports betting bled from the woodwork, touting numerous benefits. At the same time, opponents began pleading their case, with a single, but ominous, message.

Sports Betting Expansion leads to Match Fixing

Anti-gambling expansion crusaders fear, above all, that such an expansion would potentially compromise the integrity of Canada’s professional sports leagues. Their theory is a simple one, and one that government officials don’t seem to have an answer for; at least not yet.

How do you ensure that the athletes and/or referees won’t be swayed by generous ‘donations‘ to throw a game, or make an erroneous call? If organized crime is able to infiltrate Canadian sports for profit, it could not only destroy a multi-billion dollar industry, but the beloved pastimes of fans all across the country.

Sandy Garossino has spent years lobbying against the expansion of gambling. In 2011, she co-founded an organization called Vancouver Not Vegas; a successful campaign that helped to dissuade Vancouver City Council from approving the expansion of a downtown casino.

She is leery of the potentially corruptive effects of single game sports betting. “You can do a lot of damage to the integrity of your oversight and regulatory culture when you make [officials] responsible for a field that is inherently at risk of infiltration by organized crime,” says Garossino.

Support Mounts for New Canada Sports Betting Law

Despite those fears, the support for expansion is mounting. The very moment the US Supreme Court decision was announced, the Canada Gaming Association (CGA) spoke out in favor of single-sport betting. Others were quick to follow.

The British Columbia Lottery Corp (BCLC) is another long time proponent of expansion. BCLC told Business in Vancouver in no uncertain terms that it’s on board with the idea, having supported altering the Criminal Code to permit wagers on individual games for many years.

Legislation was submitted to do just that in 2012. The House of Commons unanimously passed the measure, but it failed miserably in the Senate. Manitoba MP Brian Masse renewed the charged in 2016, but this time it was the House of Commons that turned it down by a vote of 156-133.

An optimistic Paul Burns, President of the CGA, believes ‘the third time’s the charm‘. In his assessment, the support of North American sports leagues, like the NBA and MLB, had everything to do with nationwide legalization in the US. He thinks similar lobbying efforts will usher in a new legislative era here in Canada, as well.

“We know that there’s an appetite for single-event wagering because of the volume of money that we’ve been able to ascertain that goes to overseas sports books,” asserts Burns. “It’s in excess of $4 billion annually.”

Single Event Sports Betting = More Money for Gov’t

If there’s one thing we can all agree on, it’s that money makes things happen. In this case, provincial governments are looking at millions, if not billions, of dollars that could be flowing into their coffers. Instead, that money is siphoning offshore to international, online sportsbooks that offer single-event betting.

It’s not illegal for Canadians to access these websites. Burns points out that the Criminal Code says gambling can only be regulated and conducted by provincial governments. But since these operators are offshore, the bets don’t take place in Canada. Therefore no court challenge has ever arisen. No Canadian has ever been charged with illegal betting for using the sites. And no government agency is collecting any revenue from it.

In a statement, BC Attorney General David Eby agrees that a change to Canada sports betting law just might be the perfect answer to a growing problem. “It may be that legalization and regulation of single-sport betting is ultimately the most appropriate route to address this ongoing issue of unregulated sites.”

written by Grameister777 \\ tags: , , , , , , ,