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?»?A record year for NJ sports betting; casinos, not so much.
ATLANTIC CITY, N.J. (AP) ??” New Jersey took nearly $1 billion worth of sports bets in December, an encouraging finish to a year in which coronavirus closures and restrictions sent overall gambling revenue down nearly 17%.
Over $6 billion worth of bets were placed last year in New Jersey, which won a U.S. Supreme Court case in 2018 that cleared the way for the ongoing expansion of legalized sports betting in America.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the state??™s nine casinos and three horse tracks that accept sports bets took in over $996 million worth of such wagers in December, the latest in a string of monthly records for U.S. sports betting.
Slot and table games revenue for the casinos, including internet betting, was $2.64 billion in 2020. When sports betting revenue is added, New Jersey saw more than $2.88 billion in revenue for the year.
That represented a decline of 16.9% in a year in which the casinos were closed for 3 1/2 months. Even when they were allowed to reopen in July, they had to restrict operations to 25% of capacity ??” limits that remain in place today.
???Significant revenue was lost in those early months and, throughout the second half of the year, the resurging public health crisis continued to impact business in Atlantic City,??? said James Plousis, chair of the New Jersey Casino Control Commission. ???Atlantic City??™s stakeholders have been working hard to build a strong foundation for recovery. As society begins to approach a return to normalcy, Atlantic City will be ready to restore its recent positive momentum.???
Only one casino, the Golden Nugget, took in more money in 2020 than it did in 2019. It won more than $415 million, an increase of nearly 10% over the previous year.
Harrah??™s had the biggest decline in 2020, down 46.8% to $166.3 million. Resorts was close behind, down 43.8% to $100.2 million. Caesars was down an identical 43.8% to $152.3 million.
Tropicana was down 33.8% to $231.5 million; Borgata, the last of the nine casinos to reopen last year, was down 27.6% to $577.3 million; Hard Rock was down 17% to $290.5 million, and Ocean was down 10.1% to $214.1 million.
Ocean CEO Terry Glebocki said 2020 was a challenging year.
???We??™re optimistic about the future as demonstrated by Ocean??™s 18% year-to-date growth in casino win during the year??™s eight operational months,??? she said. ???In a time when many businesses in the country are ramping down operating schedules, Ocean is actively reinvesting in its property by debuting new venues likes our new high-limit slot experience, The Cove.???
Under two different owners in 2020, Bally??™s won nearly $97 million, compared with $181.5 a year earlier.
New Jersey has led the nation for months in the amount of money bet on sports within its borders. With the NFL playoffs underway in the run-up to the Super Bowl, January 2021 is almost certain to eclipse the $1 billion mark for total amount of money wagered, known in the industry as ???handle.???
But that number is separate from, and much larger than, sports betting revenue, or the amount of money sports books keep after paying out winning bets and other expenses. New Jersey??™s casinos and horse tracks kept just under $400 million in sports betting revenue last year, an increase of over 33% from a year earlier.
And its dominance of the market appears to be in jeopardy: New York state announced last week it will legalize mobile sports betting this year, a move certain to cut into New Jersey??™s sports betting business. Industry experts say about 20% of New Jersey??™s sports bets are made by New Yorkers who cross the border to wager; that is money New Jersey soon will no longer be getting.
Internet gambling revenue more than doubled last year, going from $482 million in 2019 to $970 million in 2020, another bright spot for an industry still struggling to recover from the pandemic. Internet gambling had been on a roll for years in New Jersey, but increased even more this year as gamblers had no option but to bet on their phones or laptops from mid-March to early July, and even after they reopened, some felt more comfortable gambling from home.

It??™s time to make sports betting a sure thing.
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Will this be the year state lawmakers finally legalize sports betting?
State Sen. Brendan Crighton believes the odds may have finally shifted in its favor.
The Lynn Democrat??™s updated version of his previous sports-betting proposal includes a higher tax rate and a significant increase in licensing fees that he said will generate needed revenue for Massachusetts even before a wager is placed.
He feels there??™s reason to believe the Senate will seriously consider passage this session, despite leadership??™s indifference over the past two years.
Senate members of the Committee on Economic Development and Emerging Technologies abstained in the last session from voting to advance a sports betting bill drafted by that panel, and Senate leaders likewise passed on a House-backed sports wagering proposal tacked on to a major economic development bill in July.
???Sports betting is alive and well in Massachusetts, but unfortunately we??™re letting money go down the drain to the black market and states that have legalized,??? Crighton said.
A jump-start is clearly what this proposal needs.
Even a full-court press via a letter signed by all five major Massachusetts professional sports teams, gaming companies and a powerful labor union last November couldn??™t persuade the Legislature to act.
Absent an agreement at the time on a tax rate or structure for wagers, that group estimated Massachusetts could pull in about $50 million a year from sports betting. Gov. Charlie Baker has previously estimated annual revenue of $35 million, while the House estimated revenue of about $20 million.
Sen. Eric Lesser, who last session co-chaired the committee that studied sports betting, plans to file his own bill in the coming weeks.
Legalized sports betting currently operates in the District of Columbia and 19 states, including New Hampshire and Rhode Island.
Crighton??™s latest bill would create an opportunity for the state??™s two casinos in Everett and Springfield, the slots parlor in Plainville, horse-racing license holders and mobile platforms like the Boston-based DraftKings to host in-person and online sports betting.
Should thoroughbred racing return to Massachusetts, tracks would also be eligible to join the industry, which would be regulated and overseen by the Massachusetts Gaming Commission.
Prospective license holders would need to pony up a $10 million licensing fee, up from a high of $1 million in Crighton??™s original bill; the tax rate also would increase to 15%, an increase over Crighton??™s originally proposed 12.5%.
Crighton??™s bill would allow betting on professional and college sports, but not on in-state collegiate teams.
Some other bills filed last session, including one by Gov. Baker, excluded college sports, but Baker recently told the State House News Service he??™d accept a framework that included betting on college sports because it??™s already happening in neighboring states.
House Speaker Ron Mariano, who blamed the Senate for the failure to legalize sports betting last year, has promised to bring up the issue early in the new legislative session.
Massachusetts can??™t continue to sit on the sidelines and watch neighboring states siphon wagering tax dollars that this state vitally needs in this COVID-created, revenue-challenged environment.
Without legislative action, you can bet those receipts will continue to flow into New Hampshire, New York and Rhode Island.

Legal sports betting to begin at MotorCity Casino on Thursday.
DETROIT (WXYZ) ??” Legal sports betting will begin at MotorCity Casino on Thursday with the opening on the FanDuel Sportsbook.
The Sportsbook inside the casino will feature 67 HD televisions, comfortable seating, a full-service bars and is two stories. There are 54 self-service IGT PlaySports betting kiosks.
Those who go in will be able to make bets on all major U.S. sports including baseball, soccer, football, basketball, boxing, motorsports racing and more.
Betting began Wednesday at both MGM Grand Detroit and Greektown Casino.

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?»?A record year for NJ sports betting; casinos, not so much.
ATLANTIC CITY, N.J. (AP) ??” New Jersey took nearly $1 billion worth of sports bets in December, an encouraging finish to a year in which coronavirus closures and restrictions sent overall gambling revenue down nearly 17%.
Over $6 billion worth of bets were placed last year in New Jersey, which won a U.S. Supreme Court case in 2018 that cleared the way for the ongoing expansion of legalized sports betting in America.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the state??™s nine casinos and three horse tracks that accept sports bets took in over $996 million worth of such wagers in December, the latest in a string of monthly records for U.S. sports betting.
Slot and table games revenue for the casinos, including internet betting, was $2.64 billion in 2020. When sports betting revenue is added, New Jersey saw more than $2.88 billion in revenue for the year.
That represented a decline of 16.9% in a year in which the casinos were closed for 3 1/2 months. Even when they were allowed to reopen in July, they had to restrict operations to 25% of capacity ??” limits that remain in place today.
???Significant revenue was lost in those early months and, throughout the second half of the year, the resurging public health crisis continued to impact business in Atlantic City,??? said James Plousis, chair of the New Jersey Casino Control Commission. ???Atlantic City??™s stakeholders have been working hard to build a strong foundation for recovery. As society begins to approach a return to normalcy, Atlantic City will be ready to restore its recent positive momentum.???
Only one casino, the Golden Nugget, took in more money in 2020 than it did in 2019. It won more than $415 million, an increase of nearly 10% over the previous year.
Harrah??™s had the biggest decline in 2020, down 46.8% to $166.3 million. Resorts was close behind, down 43.8% to $100.2 million. Caesars was down an identical 43.8% to $152.3 million.
Tropicana was down 33.8% to $231.5 million; Borgata, the last of the nine casinos to reopen last year, was down 27.6% to $577.3 million; Hard Rock was down 17% to $290.5 million, and Ocean was down 10.1% to $214.1 million.
Ocean CEO Terry Glebocki said 2020 was a challenging year.
???We??™re optimistic about the future as demonstrated by Ocean??™s 18% year-to-date growth in casino win during the year??™s eight operational months,??? she said. ???In a time when many businesses in the country are ramping down operating schedules, Ocean is actively reinvesting in its property by debuting new venues likes our new high-limit slot experience, The Cove.???
Under two different owners in 2020, Bally??™s won nearly $97 million, compared with $181.5 a year earlier.
New Jersey has led the nation for months in the amount of money bet on sports within its borders. With the NFL playoffs underway in the run-up to the Super Bowl, January 2021 is almost certain to eclipse the $1 billion mark for total amount of money wagered, known in the industry as ???handle.???
But that number is separate from, and much larger than, sports betting revenue, or the amount of money sports books keep after paying out winning bets and other expenses. New Jersey??™s casinos and horse tracks kept just under $400 million in sports betting revenue last year, an increase of over 33% from a year earlier.
And its dominance of the market appears to be in jeopardy: New York state announced last week it will legalize mobile sports betting this year, a move certain to cut into New Jersey??™s sports betting business. Industry experts say about 20% of New Jersey??™s sports bets are made by New Yorkers who cross the border to wager; that is money New Jersey soon will no longer be getting.
Internet gambling revenue more than doubled last year, going from $482 million in 2019 to $970 million in 2020, another bright spot for an industry still struggling to recover from the pandemic. Internet gambling had been on a roll for years in New Jersey, but increased even more this year as gamblers had no option but to bet on their phones or laptops from mid-March to early July, and even after they reopened, some felt more comfortable gambling from home.

It??™s time to make sports betting a sure thing.
Share this:
Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window) Click to share on Reddit (Opens in new window) Click to print (Opens in new window)
Will this be the year state lawmakers finally legalize sports betting?
State Sen. Brendan Crighton believes the odds may have finally shifted in its favor.
The Lynn Democrat??™s updated version of his previous sports-betting proposal includes a higher tax rate and a significant increase in licensing fees that he said will generate needed revenue for Massachusetts even before a wager is placed.
He feels there??™s reason to believe the Senate will seriously consider passage this session, despite leadership??™s indifference over the past two years.
Senate members of the Committee on Economic Development and Emerging Technologies abstained in the last session from voting to advance a sports betting bill drafted by that panel, and Senate leaders likewise passed on a House-backed sports wagering proposal tacked on to a major economic development bill in July.
???Sports betting is alive and well in Massachusetts, but unfortunately we??™re letting money go down the drain to the black market and states that have legalized,??? Crighton said.
A jump-start is clearly what this proposal needs.
Even a full-court press via a letter signed by all five major Massachusetts professional sports teams, gaming companies and a powerful labor union last November couldn??™t persuade the Legislature to act.
Absent an agreement at the time on a tax rate or structure for wagers, that group estimated Massachusetts could pull in about $50 million a year from sports betting. Gov. Charlie Baker has previously estimated annual revenue of $35 million, while the House estimated revenue of about $20 million.
Sen. Eric Lesser, who last session co-chaired the committee that studied sports betting, plans to file his own bill in the coming weeks.
Legalized sports betting currently operates in the District of Columbia and 19 states, including New Hampshire and Rhode Island.
Crighton??™s latest bill would create an opportunity for the state??™s two casinos in Everett and Springfield, the slots parlor in Plainville, horse-racing license holders and mobile platforms like the Boston-based DraftKings to host in-person and online sports betting.
Should thoroughbred racing return to Massachusetts, tracks would also be eligible to join the industry, which would be regulated and overseen by the Massachusetts Gaming Commission.
Prospective license holders would need to pony up a $10 million licensing fee, up from a high of $1 million in Crighton??™s original bill; the tax rate also would increase to 15%, an increase over Crighton??™s originally proposed 12.5%.
Crighton??™s bill would allow betting on professional and college sports, but not on in-state collegiate teams.
Some other bills filed last session, including one by Gov. Baker, excluded college sports, but Baker recently told the State House News Service he??™d accept a framework that included betting on college sports because it??™s already happening in neighboring states.
House Speaker Ron Mariano, who blamed the Senate for the failure to legalize sports betting last year, has promised to bring up the issue early in the new legislative session.
Massachusetts can??™t continue to sit on the sidelines and watch neighboring states siphon wagering tax dollars that this state vitally needs in this COVID-created, revenue-challenged environment.
Without legislative action, you can bet those receipts will continue to flow into New Hampshire, New York and Rhode Island.

Legal sports betting to begin at MotorCity Casino on Thursday.
DETROIT (WXYZ) ??” Legal sports betting will begin at MotorCity Casino on Thursday with the opening on the FanDuel Sportsbook.
The Sportsbook inside the casino will feature 67 HD televisions, comfortable seating, a full-service bars and is two stories. There are 54 self-service IGT PlaySports betting kiosks.
Those who go in will be able to make bets on all major U.S. sports including baseball, soccer, football, basketball, boxing, motorsports racing and more.
Betting began Wednesday at both MGM Grand Detroit and Greektown Casino.

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?»?A record year for NJ sports betting; casinos, not so much.
ATLANTIC CITY, N.J. (AP) ??” New Jersey took nearly $1 billion worth of sports bets in December, an encouraging finish to a year in which coronavirus closures and restrictions sent overall gambling revenue down nearly 17%.
Over $6 billion worth of bets were placed last year in New Jersey, which won a U.S. Supreme Court case in 2018 that cleared the way for the ongoing expansion of legalized sports betting in America.
Figures released Wednesday by the New Jersey Division of Gaming Enforcement show the state??™s nine casinos and three horse tracks that accept sports bets took in over $996 million worth of such wagers in December, the latest in a string of monthly records for U.S. sports betting.
Slot and table games revenue for the casinos, including internet betting, was $2.64 billion in 2020. When sports betting revenue is added, New Jersey saw more than $2.88 billion in revenue for the year.
That represented a decline of 16.9% in a year in which the casinos were closed for 3 1/2 months. Even when they were allowed to reopen in July, they had to restrict operations to 25% of capacity ??” limits that remain in place today.
???Significant revenue was lost in those early months and, throughout the second half of the year, the resurging public health crisis continued to impact business in Atlantic City,??? said James Plousis, chair of the New Jersey Casino Control Commission. ???Atlantic City??™s stakeholders have been working hard to build a strong foundation for recovery. As society begins to approach a return to normalcy, Atlantic City will be ready to restore its recent positive momentum.???
Only one casino, the Golden Nugget, took in more money in 2020 than it did in 2019. It won more than $415 million, an increase of nearly 10% over the previous year.
Harrah??™s had the biggest decline in 2020, down 46.8% to $166.3 million. Resorts was close behind, down 43.8% to $100.2 million. Caesars was down an identical 43.8% to $152.3 million.
Tropicana was down 33.8% to $231.5 million; Borgata, the last of the nine casinos to reopen last year, was down 27.6% to $577.3 million; Hard Rock was down 17% to $290.5 million, and Ocean was down 10.1% to $214.1 million.
Ocean CEO Terry Glebocki said 2020 was a challenging year.
???We??™re optimistic about the future as demonstrated by Ocean??™s 18% year-to-date growth in casino win during the year??™s eight operational months,??? she said. ???In a time when many businesses in the country are ramping down operating schedules, Ocean is actively reinvesting in its property by debuting new venues likes our new high-limit slot experience, The Cove.???
Under two different owners in 2020, Bally??™s won nearly $97 million, compared with $181.5 a year earlier.
New Jersey has led the nation for months in the amount of money bet on sports within its borders. With the NFL playoffs underway in the run-up to the Super Bowl, January 2021 is almost certain to eclipse the $1 billion mark for total amount of money wagered, known in the industry as ???handle.???
But that number is separate from, and much larger than, sports betting revenue, or the amount of money sports books keep after paying out winning bets and other expenses. New Jersey??™s casinos and horse tracks kept just under $400 million in sports betting revenue last year, an increase of over 33% from a year earlier.
And its dominance of the market appears to be in jeopardy: New York state announced last week it will legalize mobile sports betting this year, a move certain to cut into New Jersey??™s sports betting business. Industry experts say about 20% of New Jersey??™s sports bets are made by New Yorkers who cross the border to wager; that is money New Jersey soon will no longer be getting.
Internet gambling revenue more than doubled last year, going from $482 million in 2019 to $970 million in 2020, another bright spot for an industry still struggling to recover from the pandemic. Internet gambling had been on a roll for years in New Jersey, but increased even more this year as gamblers had no option but to bet on their phones or laptops from mid-March to early July, and even after they reopened, some felt more comfortable gambling from home.

It??™s time to make sports betting a sure thing.
Share this:
Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window) Click to share on Reddit (Opens in new window) Click to print (Opens in new window)
Will this be the year state lawmakers finally legalize sports betting?
State Sen. Brendan Crighton believes the odds may have finally shifted in its favor.
The Lynn Democrat??™s updated version of his previous sports-betting proposal includes a higher tax rate and a significant increase in licensing fees that he said will generate needed revenue for Massachusetts even before a wager is placed.
He feels there??™s reason to believe the Senate will seriously consider passage this session, despite leadership??™s indifference over the past two years.
Senate members of the Committee on Economic Development and Emerging Technologies abstained in the last session from voting to advance a sports betting bill drafted by that panel, and Senate leaders likewise passed on a House-backed sports wagering proposal tacked on to a major economic development bill in July.
???Sports betting is alive and well in Massachusetts, but unfortunately we??™re letting money go down the drain to the black market and states that have legalized,??? Crighton said.
A jump-start is clearly what this proposal needs.
Even a full-court press via a letter signed by all five major Massachusetts professional sports teams, gaming companies and a powerful labor union last November couldn??™t persuade the Legislature to act.
Absent an agreement at the time on a tax rate or structure for wagers, that group estimated Massachusetts could pull in about $50 million a year from sports betting. Gov. Charlie Baker has previously estimated annual revenue of $35 million, while the House estimated revenue of about $20 million.
Sen. Eric Lesser, who last session co-chaired the committee that studied sports betting, plans to file his own bill in the coming weeks.
Legalized sports betting currently operates in the District of Columbia and 19 states, including New Hampshire and Rhode Island.
Crighton??™s latest bill would create an opportunity for the state??™s two casinos in Everett and Springfield, the slots parlor in Plainville, horse-racing license holders and mobile platforms like the Boston-based DraftKings to host in-person and online sports betting.
Should thoroughbred racing return to Massachusetts, tracks would also be eligible to join the industry, which would be regulated and overseen by the Massachusetts Gaming Commission.
Prospective license holders would need to pony up a $10 million licensing fee, up from a high of $1 million in Crighton??™s original bill; the tax rate also would increase to 15%, an increase over Crighton??™s originally proposed 12.5%.
Crighton??™s bill would allow betting on professional and college sports, but not on in-state collegiate teams.
Some other bills filed last session, including one by Gov. Baker, excluded college sports, but Baker recently told the State House News Service he??™d accept a framework that included betting on college sports because it??™s already happening in neighboring states.
House Speaker Ron Mariano, who blamed the Senate for the failure to legalize sports betting last year, has promised to bring up the issue early in the new legislative session.
Massachusetts can??™t continue to sit on the sidelines and watch neighboring states siphon wagering tax dollars that this state vitally needs in this COVID-created, revenue-challenged environment.
Without legislative action, you can bet those receipts will continue to flow into New Hampshire, New York and Rhode Island.

Legal sports betting to begin at MotorCity Casino on Thursday.
DETROIT (WXYZ) ??” Legal sports betting will begin at MotorCity Casino on Thursday with the opening on the FanDuel Sportsbook.
The Sportsbook inside the casino will feature 67 HD televisions, comfortable seating, a full-service bars and is two stories. There are 54 self-service IGT PlaySports betting kiosks.
Those who go in will be able to make bets on all major U.S. sports including baseball, soccer, football, basketball, boxing, motorsports racing and more.
Betting began Wednesday at both MGM Grand Detroit and Greektown Casino.

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?»?Most Louisiana parishes voted to allow sports betting.
Voters in 55 of 64 Louisiana parishes on Tuesday passed the referendum to legalize sports betting in the state. Legislation that spells out details and taxation of the new industry is needed, which could happen in 2021 or 2022.
oters in 55 of 64 Louisiana parishes Tuesday approved a ballot measure that would allow sports betting.
Most parishes, including those in the Baton Rouge, New Orleans and Lafayette areas, endorsed the proposal by huge margins, including some reaching 70% and more, as reported by The Advocate . Other areas that lined up behind the push included St. Tammany, Jefferson, Ascension, Livingston, St. Bernard, West Baton Rouge, Plaquemines, St. Charles and Terrebonne parishes.
The plan collected 1.3 million votes statewide ??“ 65% ??“ compared to about 683,000 ??“ 35% ??“ who opposed it, according to figures compiled by Louisiana Wins , the group behind the effort. The proposal passed by margins of 68% in East Baton Rouge, 67% in Ascension, 60% in Livingston, 76% in Orleans, 67% in St. Tammany, 76% in Jefferson and 77% in St. Bernard parishes. It was falling short in only five or 10 parishes statewide, backers said.
The plan was on the ballot in all 64 parishes, and those whose voters said yes will eventually be able to make bets on games. However, legislation that spells out details of the new industry is needed before any wagering begins, likely in 2022. Backers said the change will allow the state to keep money now going to Mississippi, which already allows the betting in casinos.
The vote marks the second of its kind in the past two years. In 2018, voters in 47 of Louisiana's 64 parishes endorsed a move to legalize online sports fantasy games for cash prizes, including East Baton Rouge, Jefferson and Orleans parishes.
Most of the campaign this time was waged by backers through the pro-sports wagering group Louisiana Wins. DraftKings and FanDuel donated more than half of the $975,000 that was raised in time for the Oct. 5 spending report. Each contributed $250,000, including dollars for TV and radio ads. Both companies largely financed the 2018 campaign for online fantasy sports two years ago.
Issues that will have to be hammered out by the Legislature include how the games will be taxed and details of the betting, including, more significantly, whether internet and smartphone wagers will be allowed. State Sen. Cameron Henry, R-Metairie , who sponsored the proposal, said Wednesday officials will begin next week looking at how other states have implemented sports betting.
"There is no need for Louisiana residents to drive to Mississippi to place a legal bet and have those revenues go to Mississippi," Henry said. "Clearly times have changed when it comes to sports wagering."

What Is Arbitrage Betting?
Strategy To Beat The Sportsbooks.
Arbitrage is an advanced sports betting strategy that comes from the financial world. This strategy involves multiple wagers on the same game in order to guarantee a profit. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team.
To be clear, arbitrage is a sports betting strategy that guarantees a profit . This isn??™t a get rich quick scheme and isn??™t illegal. It takes effort to find an arbitrage opportunity. This kind of gambling isn??™t for everyone, but all sports bettors could use this tool as part of their wagering plans.
This might sound too good to be true but it isn??™t. The most difficult part about arbitrage is actually finding the opportunity.
What is arbitrage?
In the financial world, arbitrage is considered ???the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.???
Arbitrage is similar for sports bettors. This betting strategy involves placing a wager on all possible outcomes of an individual game or event so that that there??™s a guaranteed profit regardless of the winner. The name might sound complicated but the idea of arbitrage is actually quite simple.
How to arbitrage in sports betting.
The goal of arbitrage betting is to find inefficiencies in the sports betting market in order to guarantee a profit. Sportsbooks often set odds so that they have even (or close to even) money wagered on both sides. There are times when sportsbooks have different odds from one another and this results in an opportunity to arbitrage a game.
Arbitrage betting is done by placing multiple wagers on different outcomes of a single sports event. One of the wagers will win while the other wager will lose. If done correctly, the result will be a small win for the bettor regardless of which side wins.
Arbitrage math and results.
An example should help explain how to arbitrage a game.
New York Yankees vs. Houston Astros.
In this example, a bettor will wager $100 on each team. The total amount of wagers for this game will be $200. Regardless of which team wins the game, the bettor will be paid $110 for a winning wager plus the original $100 for a total of $210.
Altogether there was $200 wagered on this baseball game. There is a guaranteed return of $210 no matter who wins the game . The total profit of this investment was $10. This is a guaranteed 5% return; that??™s solid for a short-term investment.
The return will remain the same if a bettor can risk more than $200. Grinding out small wins over time can help a bettor grow their bankroll . In the example above, the rate of return will be 5% no matter how much money is wagered.
An arbitrage opportunity can be useful for any sized bankroll. A larger bettor might be able to risk $2,000 on the same game. The 5% return, in this case, would give the bettor a profit of $100 while the 10% return would return $200.
Having a large bankroll helps grow profits quicker but isn??™t necessary. Anyone can use arbitrage to supplement their sports betting bankroll.
Lastly, the odds don??™t have to be the same for both wagers. The example above is just keeping the math simple.
Line shopping.
Line shopping is important for all sports bettors but especially when looking for an arbitrage opportunity. Finding the best odds for a game will take place at multiple sportsbooks. Unfortunately arbitraging a game isn??™t a get rich quick scheme. Finding the right odds takes time and effort. Having said that, this extra work also helps a bettor become profitable.
Even if this isn??™t a particularly fun strategy, the underlying approach can be helpful for all sports bettors. Line shopping is one way to be a more profitable sports bettor ??“ and it isn??™t difficult in most states that have multiple legal sportsbooks.
The process of line shopping isn??™t difficult but it does take a time switching between apps and websites to compare the information. Visiting different sportsbooks to find the best lines and odds will help a bettor in multiple ways.
An arbitrage opportunity will always be profitable. Finding the best moneyline for an event will obviously pay more money. Finding the best point spread for a game increases the chance that a team will cover and the bettor will win the wager.
There??™s always an upside to placing bets with the best odds available.
Arbitrage isn??™t for everyone.
Sports betting arbitrage is an advanced strategy and it??™s not for everyone. All sports bettors want to win but they have different motivations. Recreational sports bettors often seek to have some action on the game they??™re watching or the team they??™re rooting for.
Sure all bettors want to win but sometimes the goal is to have fun watching the game and to win money based on predicting the outcome correctly.
Professional sports bettors are strictly gambling to make a profit. These bettors appreciate being able to find arbitrage opportunities. Pro sports bettors are always looking for ways to make money when wagering on sports and are typically the type of bettor most open to arbitrage.
There??™s a large number of sports bettors that fall in between these two extremes. These bettors will put in the work to find the best information and odds for games they??™d like to wager. Many will do the extra work to find an arbitrage situation because generating a profit is the most fun part of gambling. However, arbitrage betting takes time and even an advanced recreational bettor may not have time to always seek out opportunities.
There are pros and cons to all kinds of sports wagers. Arbitrage is a great opportunity to generate small guaranteed profits on a game. This is another great tool available to sports bettors.

What Is Arbitrage Betting?
Strategy To Beat The Sportsbooks.
Arbitrage is an advanced sports betting strategy that comes from the financial world. This strategy involves multiple wagers on the same game in order to guarantee a profit. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team.
To be clear, arbitrage is a sports betting strategy that guarantees a profit . This isn??™t a get rich quick scheme and isn??™t illegal. It takes effort to find an arbitrage opportunity. This kind of gambling isn??™t for everyone, but all sports bettors could use this tool as part of their wagering plans.
This might sound too good to be true but it isn??™t. The most difficult part about arbitrage is actually finding the opportunity.
What is arbitrage?
In the financial world, arbitrage is considered ???the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.???
Arbitrage is similar for sports bettors. This betting strategy involves placing a wager on all possible outcomes of an individual game or event so that that there??™s a guaranteed profit regardless of the winner. The name might sound complicated but the idea of arbitrage is actually quite simple.
How to arbitrage in sports betting.
The goal of arbitrage betting is to find inefficiencies in the sports betting market in order to guarantee a profit. Sportsbooks often set odds so that they have even (or close to even) money wagered on both sides. There are times when sportsbooks have different odds from one another and this results in an opportunity to arbitrage a game.
Arbitrage betting is done by placing multiple wagers on different outcomes of a single sports event. One of the wagers will win while the other wager will lose. If done correctly, the result will be a small win for the bettor regardless of which side wins.
Arbitrage math and results.
An example should help explain how to arbitrage a game.
New York Yankees vs. Houston Astros.
In this example, a bettor will wager $100 on each team. The total amount of wagers for this game will be $200. Regardless of which team wins the game, the bettor will be paid $110 for a winning wager plus the original $100 for a total of $210.
Altogether there was $200 wagered on this baseball game. There is a guaranteed return of $210 no matter who wins the game . The total profit of this investment was $10. This is a guaranteed 5% return; that??™s solid for a short-term investment.
The return will remain the same if a bettor can risk more than $200. Grinding out small wins over time can help a bettor grow their bankroll . In the example above, the rate of return will be 5% no matter how much money is wagered.
An arbitrage opportunity can be useful for any sized bankroll. A larger bettor might be able to risk $2,000 on the same game. The 5% return, in this case, would give the bettor a profit of $100 while the 10% return would return $200.
Having a large bankroll helps grow profits quicker but isn??™t necessary. Anyone can use arbitrage to supplement their sports betting bankroll.
Lastly, the odds don??™t have to be the same for both wagers. The example above is just keeping the math simple.
Line shopping.
Line shopping is important for all sports bettors but especially when looking for an arbitrage opportunity. Finding the best odds for a game will take place at multiple sportsbooks. Unfortunately arbitraging a game isn??™t a get rich quick scheme. Finding the right odds takes time and effort. Having said that, this extra work also helps a bettor become profitable.
Even if this isn??™t a particularly fun strategy, the underlying approach can be helpful for all sports bettors. Line shopping is one way to be a more profitable sports bettor ??“ and it isn??™t difficult in most states that have multiple legal sportsbooks.
The process of line shopping isn??™t difficult but it does take a time switching between apps and websites to compare the information. Visiting different sportsbooks to find the best lines and odds will help a bettor in multiple ways.
An arbitrage opportunity will always be profitable. Finding the best moneyline for an event will obviously pay more money. Finding the best point spread for a game increases the chance that a team will cover and the bettor will win the wager.
There??™s always an upside to placing bets with the best odds available.
Arbitrage isn??™t for everyone.
Sports betting arbitrage is an advanced strategy and it??™s not for everyone. All sports bettors want to win but they have different motivations. Recreational sports bettors often seek to have some action on the game they??™re watching or the team they??™re rooting for.
Sure all bettors want to win but sometimes the goal is to have fun watching the game and to win money based on predicting the outcome correctly.
Professional sports bettors are strictly gambling to make a profit. These bettors appreciate being able to find arbitrage opportunities. Pro sports bettors are always looking for ways to make money when wagering on sports and are typically the type of bettor most open to arbitrage.
There??™s a large number of sports bettors that fall in between these two extremes. These bettors will put in the work to find the best information and odds for games they??™d like to wager. Many will do the extra work to find an arbitrage situation because generating a profit is the most fun part of gambling. However, arbitrage betting takes time and even an advanced recreational bettor may not have time to always seek out opportunities.
There are pros and cons to all kinds of sports wagers. Arbitrage is a great opportunity to generate small guaranteed profits on a game. This is another great tool available to sports bettors.

Louisiana fantasy sports betting rules approved by state lawmakers.
The vote Wednesday started the process for approving operators so the competitions for online cash prizes can begin. Operators of fantasy sports contests have to be licensed by the Louisiana Gaming Control Board. Anybody will be able to log into the online sites if they travel to any of the 47 parishes that legalized the vertical.
ouisiana lawmakers on Wednesday agreed to regulations governing fantasy sports betting in the 47 parishes that approved it two years ago.
The rules devised by the Louisiana Gaming Control Board and the attorney general??™s gaming division received unanimous backing from the House and Senate committees that oversee gambling laws, the Associated Press reports. The move started the process for approving operators so the competitions for online cash prizes can begin.
Nearly three-quarters of Louisiana??™s 64 parishes voted in the November 2018 election to legalize fantasy sports betting. Lawmakers have since set the tax rates and the regulatory process governing the activity. The more detailed rules were set with Wednesday??™s vote.
Operators of fantasy sports contests have to be licensed by the Louisiana Gaming Control Board. Participants in the competitions have to be at least 21 years old. And the imaginary teams can??™t involve participants in high school or youth sports events.
In addition, there are extensive audit and reporting requirements, and players will have to register to participate in the betting. Though the games only will be permitted in parishes where voters authorized it, anybody will be able to log into the online sites if they travel to those parishes.

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?»?Most Louisiana parishes voted to allow sports betting.
Voters in 55 of 64 Louisiana parishes on Tuesday passed the referendum to legalize sports betting in the state. Legislation that spells out details and taxation of the new industry is needed, which could happen in 2021 or 2022.
oters in 55 of 64 Louisiana parishes Tuesday approved a ballot measure that would allow sports betting.
Most parishes, including those in the Baton Rouge, New Orleans and Lafayette areas, endorsed the proposal by huge margins, including some reaching 70% and more, as reported by The Advocate . Other areas that lined up behind the push included St. Tammany, Jefferson, Ascension, Livingston, St. Bernard, West Baton Rouge, Plaquemines, St. Charles and Terrebonne parishes.
The plan collected 1.3 million votes statewide ??“ 65% ??“ compared to about 683,000 ??“ 35% ??“ who opposed it, according to figures compiled by Louisiana Wins , the group behind the effort. The proposal passed by margins of 68% in East Baton Rouge, 67% in Ascension, 60% in Livingston, 76% in Orleans, 67% in St. Tammany, 76% in Jefferson and 77% in St. Bernard parishes. It was falling short in only five or 10 parishes statewide, backers said.
The plan was on the ballot in all 64 parishes, and those whose voters said yes will eventually be able to make bets on games. However, legislation that spells out details of the new industry is needed before any wagering begins, likely in 2022. Backers said the change will allow the state to keep money now going to Mississippi, which already allows the betting in casinos.
The vote marks the second of its kind in the past two years. In 2018, voters in 47 of Louisiana's 64 parishes endorsed a move to legalize online sports fantasy games for cash prizes, including East Baton Rouge, Jefferson and Orleans parishes.
Most of the campaign this time was waged by backers through the pro-sports wagering group Louisiana Wins. DraftKings and FanDuel donated more than half of the $975,000 that was raised in time for the Oct. 5 spending report. Each contributed $250,000, including dollars for TV and radio ads. Both companies largely financed the 2018 campaign for online fantasy sports two years ago.
Issues that will have to be hammered out by the Legislature include how the games will be taxed and details of the betting, including, more significantly, whether internet and smartphone wagers will be allowed. State Sen. Cameron Henry, R-Metairie , who sponsored the proposal, said Wednesday officials will begin next week looking at how other states have implemented sports betting.
"There is no need for Louisiana residents to drive to Mississippi to place a legal bet and have those revenues go to Mississippi," Henry said. "Clearly times have changed when it comes to sports wagering."

What Is Arbitrage Betting?
Strategy To Beat The Sportsbooks.
Arbitrage is an advanced sports betting strategy that comes from the financial world. This strategy involves multiple wagers on the same game in order to guarantee a profit. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team.
To be clear, arbitrage is a sports betting strategy that guarantees a profit . This isn??™t a get rich quick scheme and isn??™t illegal. It takes effort to find an arbitrage opportunity. This kind of gambling isn??™t for everyone, but all sports bettors could use this tool as part of their wagering plans.
This might sound too good to be true but it isn??™t. The most difficult part about arbitrage is actually finding the opportunity.
What is arbitrage?
In the financial world, arbitrage is considered ???the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.???
Arbitrage is similar for sports bettors. This betting strategy involves placing a wager on all possible outcomes of an individual game or event so that that there??™s a guaranteed profit regardless of the winner. The name might sound complicated but the idea of arbitrage is actually quite simple.
How to arbitrage in sports betting.
The goal of arbitrage betting is to find inefficiencies in the sports betting market in order to guarantee a profit. Sportsbooks often set odds so that they have even (or close to even) money wagered on both sides. There are times when sportsbooks have different odds from one another and this results in an opportunity to arbitrage a game.
Arbitrage betting is done by placing multiple wagers on different outcomes of a single sports event. One of the wagers will win while the other wager will lose. If done correctly, the result will be a small win for the bettor regardless of which side wins.
Arbitrage math and results.
An example should help explain how to arbitrage a game.
New York Yankees vs. Houston Astros.
In this example, a bettor will wager $100 on each team. The total amount of wagers for this game will be $200. Regardless of which team wins the game, the bettor will be paid $110 for a winning wager plus the original $100 for a total of $210.
Altogether there was $200 wagered on this baseball game. There is a guaranteed return of $210 no matter who wins the game . The total profit of this investment was $10. This is a guaranteed 5% return; that??™s solid for a short-term investment.
The return will remain the same if a bettor can risk more than $200. Grinding out small wins over time can help a bettor grow their bankroll . In the example above, the rate of return will be 5% no matter how much money is wagered.
An arbitrage opportunity can be useful for any sized bankroll. A larger bettor might be able to risk $2,000 on the same game. The 5% return, in this case, would give the bettor a profit of $100 while the 10% return would return $200.
Having a large bankroll helps grow profits quicker but isn??™t necessary. Anyone can use arbitrage to supplement their sports betting bankroll.
Lastly, the odds don??™t have to be the same for both wagers. The example above is just keeping the math simple.
Line shopping.
Line shopping is important for all sports bettors but especially when looking for an arbitrage opportunity. Finding the best odds for a game will take place at multiple sportsbooks. Unfortunately arbitraging a game isn??™t a get rich quick scheme. Finding the right odds takes time and effort. Having said that, this extra work also helps a bettor become profitable.
Even if this isn??™t a particularly fun strategy, the underlying approach can be helpful for all sports bettors. Line shopping is one way to be a more profitable sports bettor ??“ and it isn??™t difficult in most states that have multiple legal sportsbooks.
The process of line shopping isn??™t difficult but it does take a time switching between apps and websites to compare the information. Visiting different sportsbooks to find the best lines and odds will help a bettor in multiple ways.
An arbitrage opportunity will always be profitable. Finding the best moneyline for an event will obviously pay more money. Finding the best point spread for a game increases the chance that a team will cover and the bettor will win the wager.
There??™s always an upside to placing bets with the best odds available.
Arbitrage isn??™t for everyone.
Sports betting arbitrage is an advanced strategy and it??™s not for everyone. All sports bettors want to win but they have different motivations. Recreational sports bettors often seek to have some action on the game they??™re watching or the team they??™re rooting for.
Sure all bettors want to win but sometimes the goal is to have fun watching the game and to win money based on predicting the outcome correctly.
Professional sports bettors are strictly gambling to make a profit. These bettors appreciate being able to find arbitrage opportunities. Pro sports bettors are always looking for ways to make money when wagering on sports and are typically the type of bettor most open to arbitrage.
There??™s a large number of sports bettors that fall in between these two extremes. These bettors will put in the work to find the best information and odds for games they??™d like to wager. Many will do the extra work to find an arbitrage situation because generating a profit is the most fun part of gambling. However, arbitrage betting takes time and even an advanced recreational bettor may not have time to always seek out opportunities.
There are pros and cons to all kinds of sports wagers. Arbitrage is a great opportunity to generate small guaranteed profits on a game. This is another great tool available to sports bettors.

What Is Arbitrage Betting?
Strategy To Beat The Sportsbooks.
Arbitrage is an advanced sports betting strategy that comes from the financial world. This strategy involves multiple wagers on the same game in order to guarantee a profit. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team.
To be clear, arbitrage is a sports betting strategy that guarantees a profit . This isn??™t a get rich quick scheme and isn??™t illegal. It takes effort to find an arbitrage opportunity. This kind of gambling isn??™t for everyone, but all sports bettors could use this tool as part of their wagering plans.
This might sound too good to be true but it isn??™t. The most difficult part about arbitrage is actually finding the opportunity.
What is arbitrage?
In the financial world, arbitrage is considered ???the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.???
Arbitrage is similar for sports bettors. This betting strategy involves placing a wager on all possible outcomes of an individual game or event so that that there??™s a guaranteed profit regardless of the winner. The name might sound complicated but the idea of arbitrage is actually quite simple.
How to arbitrage in sports betting.
The goal of arbitrage betting is to find inefficiencies in the sports betting market in order to guarantee a profit. Sportsbooks often set odds so that they have even (or close to even) money wagered on both sides. There are times when sportsbooks have different odds from one another and this results in an opportunity to arbitrage a game.
Arbitrage betting is done by placing multiple wagers on different outcomes of a single sports event. One of the wagers will win while the other wager will lose. If done correctly, the result will be a small win for the bettor regardless of which side wins.
Arbitrage math and results.
An example should help explain how to arbitrage a game.
New York Yankees vs. Houston Astros.
In this example, a bettor will wager $100 on each team. The total amount of wagers for this game will be $200. Regardless of which team wins the game, the bettor will be paid $110 for a winning wager plus the original $100 for a total of $210.
Altogether there was $200 wagered on this baseball game. There is a guaranteed return of $210 no matter who wins the game . The total profit of this investment was $10. This is a guaranteed 5% return; that??™s solid for a short-term investment.
The return will remain the same if a bettor can risk more than $200. Grinding out small wins over time can help a bettor grow their bankroll . In the example above, the rate of return will be 5% no matter how much money is wagered.
An arbitrage opportunity can be useful for any sized bankroll. A larger bettor might be able to risk $2,000 on the same game. The 5% return, in this case, would give the bettor a profit of $100 while the 10% return would return $200.
Having a large bankroll helps grow profits quicker but isn??™t necessary. Anyone can use arbitrage to supplement their sports betting bankroll.
Lastly, the odds don??™t have to be the same for both wagers. The example above is just keeping the math simple.
Line shopping.
Line shopping is important for all sports bettors but especially when looking for an arbitrage opportunity. Finding the best odds for a game will take place at multiple sportsbooks. Unfortunately arbitraging a game isn??™t a get rich quick scheme. Finding the right odds takes time and effort. Having said that, this extra work also helps a bettor become profitable.
Even if this isn??™t a particularly fun strategy, the underlying approach can be helpful for all sports bettors. Line shopping is one way to be a more profitable sports bettor ??“ and it isn??™t difficult in most states that have multiple legal sportsbooks.
The process of line shopping isn??™t difficult but it does take a time switching between apps and websites to compare the information. Visiting different sportsbooks to find the best lines and odds will help a bettor in multiple ways.
An arbitrage opportunity will always be profitable. Finding the best moneyline for an event will obviously pay more money. Finding the best point spread for a game increases the chance that a team will cover and the bettor will win the wager.
There??™s always an upside to placing bets with the best odds available.
Arbitrage isn??™t for everyone.
Sports betting arbitrage is an advanced strategy and it??™s not for everyone. All sports bettors want to win but they have different motivations. Recreational sports bettors often seek to have some action on the game they??™re watching or the team they??™re rooting for.
Sure all bettors want to win but sometimes the goal is to have fun watching the game and to win money based on predicting the outcome correctly.
Professional sports bettors are strictly gambling to make a profit. These bettors appreciate being able to find arbitrage opportunities. Pro sports bettors are always looking for ways to make money when wagering on sports and are typically the type of bettor most open to arbitrage.
There??™s a large number of sports bettors that fall in between these two extremes. These bettors will put in the work to find the best information and odds for games they??™d like to wager. Many will do the extra work to find an arbitrage situation because generating a profit is the most fun part of gambling. However, arbitrage betting takes time and even an advanced recreational bettor may not have time to always seek out opportunities.
There are pros and cons to all kinds of sports wagers. Arbitrage is a great opportunity to generate small guaranteed profits on a game. This is another great tool available to sports bettors.

Louisiana fantasy sports betting rules approved by state lawmakers.
The vote Wednesday started the process for approving operators so the competitions for online cash prizes can begin. Operators of fantasy sports contests have to be licensed by the Louisiana Gaming Control Board. Anybody will be able to log into the online sites if they travel to any of the 47 parishes that legalized the vertical.
ouisiana lawmakers on Wednesday agreed to regulations governing fantasy sports betting in the 47 parishes that approved it two years ago.
The rules devised by the Louisiana Gaming Control Board and the attorney general??™s gaming division received unanimous backing from the House and Senate committees that oversee gambling laws, the Associated Press reports. The move started the process for approving operators so the competitions for online cash prizes can begin.
Nearly three-quarters of Louisiana??™s 64 parishes voted in the November 2018 election to legalize fantasy sports betting. Lawmakers have since set the tax rates and the regulatory process governing the activity. The more detailed rules were set with Wednesday??™s vote.
Operators of fantasy sports contests have to be licensed by the Louisiana Gaming Control Board. Participants in the competitions have to be at least 21 years old. And the imaginary teams can??™t involve participants in high school or youth sports events.
In addition, there are extensive audit and reporting requirements, and players will have to register to participate in the betting. Though the games only will be permitted in parishes where voters authorized it, anybody will be able to log into the online sites if they travel to those parishes.

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?»?Most Louisiana parishes voted to allow sports betting.
Voters in 55 of 64 Louisiana parishes on Tuesday passed the referendum to legalize sports betting in the state. Legislation that spells out details and taxation of the new industry is needed, which could happen in 2021 or 2022.
oters in 55 of 64 Louisiana parishes Tuesday approved a ballot measure that would allow sports betting.
Most parishes, including those in the Baton Rouge, New Orleans and Lafayette areas, endorsed the proposal by huge margins, including some reaching 70% and more, as reported by The Advocate . Other areas that lined up behind the push included St. Tammany, Jefferson, Ascension, Livingston, St. Bernard, West Baton Rouge, Plaquemines, St. Charles and Terrebonne parishes.
The plan collected 1.3 million votes statewide ??“ 65% ??“ compared to about 683,000 ??“ 35% ??“ who opposed it, according to figures compiled by Louisiana Wins , the group behind the effort. The proposal passed by margins of 68% in East Baton Rouge, 67% in Ascension, 60% in Livingston, 76% in Orleans, 67% in St. Tammany, 76% in Jefferson and 77% in St. Bernard parishes. It was falling short in only five or 10 parishes statewide, backers said.
The plan was on the ballot in all 64 parishes, and those whose voters said yes will eventually be able to make bets on games. However, legislation that spells out details of the new industry is needed before any wagering begins, likely in 2022. Backers said the change will allow the state to keep money now going to Mississippi, which already allows the betting in casinos.
The vote marks the second of its kind in the past two years. In 2018, voters in 47 of Louisiana's 64 parishes endorsed a move to legalize online sports fantasy games for cash prizes, including East Baton Rouge, Jefferson and Orleans parishes.
Most of the campaign this time was waged by backers through the pro-sports wagering group Louisiana Wins. DraftKings and FanDuel donated more than half of the $975,000 that was raised in time for the Oct. 5 spending report. Each contributed $250,000, including dollars for TV and radio ads. Both companies largely financed the 2018 campaign for online fantasy sports two years ago.
Issues that will have to be hammered out by the Legislature include how the games will be taxed and details of the betting, including, more significantly, whether internet and smartphone wagers will be allowed. State Sen. Cameron Henry, R-Metairie , who sponsored the proposal, said Wednesday officials will begin next week looking at how other states have implemented sports betting.
"There is no need for Louisiana residents to drive to Mississippi to place a legal bet and have those revenues go to Mississippi," Henry said. "Clearly times have changed when it comes to sports wagering."

What Is Arbitrage Betting?
Strategy To Beat The Sportsbooks.
Arbitrage is an advanced sports betting strategy that comes from the financial world. This strategy involves multiple wagers on the same game in order to guarantee a profit. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team.
To be clear, arbitrage is a sports betting strategy that guarantees a profit . This isn??™t a get rich quick scheme and isn??™t illegal. It takes effort to find an arbitrage opportunity. This kind of gambling isn??™t for everyone, but all sports bettors could use this tool as part of their wagering plans.
This might sound too good to be true but it isn??™t. The most difficult part about arbitrage is actually finding the opportunity.
What is arbitrage?
In the financial world, arbitrage is considered ???the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.???
Arbitrage is similar for sports bettors. This betting strategy involves placing a wager on all possible outcomes of an individual game or event so that that there??™s a guaranteed profit regardless of the winner. The name might sound complicated but the idea of arbitrage is actually quite simple.
How to arbitrage in sports betting.
The goal of arbitrage betting is to find inefficiencies in the sports betting market in order to guarantee a profit. Sportsbooks often set odds so that they have even (or close to even) money wagered on both sides. There are times when sportsbooks have different odds from one another and this results in an opportunity to arbitrage a game.
Arbitrage betting is done by placing multiple wagers on different outcomes of a single sports event. One of the wagers will win while the other wager will lose. If done correctly, the result will be a small win for the bettor regardless of which side wins.
Arbitrage math and results.
An example should help explain how to arbitrage a game.
New York Yankees vs. Houston Astros.
In this example, a bettor will wager $100 on each team. The total amount of wagers for this game will be $200. Regardless of which team wins the game, the bettor will be paid $110 for a winning wager plus the original $100 for a total of $210.
Altogether there was $200 wagered on this baseball game. There is a guaranteed return of $210 no matter who wins the game . The total profit of this investment was $10. This is a guaranteed 5% return; that??™s solid for a short-term investment.
The return will remain the same if a bettor can risk more than $200. Grinding out small wins over time can help a bettor grow their bankroll . In the example above, the rate of return will be 5% no matter how much money is wagered.
An arbitrage opportunity can be useful for any sized bankroll. A larger bettor might be able to risk $2,000 on the same game. The 5% return, in this case, would give the bettor a profit of $100 while the 10% return would return $200.
Having a large bankroll helps grow profits quicker but isn??™t necessary. Anyone can use arbitrage to supplement their sports betting bankroll.
Lastly, the odds don??™t have to be the same for both wagers. The example above is just keeping the math simple.
Line shopping.
Line shopping is important for all sports bettors but especially when looking for an arbitrage opportunity. Finding the best odds for a game will take place at multiple sportsbooks. Unfortunately arbitraging a game isn??™t a get rich quick scheme. Finding the right odds takes time and effort. Having said that, this extra work also helps a bettor become profitable.
Even if this isn??™t a particularly fun strategy, the underlying approach can be helpful for all sports bettors. Line shopping is one way to be a more profitable sports bettor ??“ and it isn??™t difficult in most states that have multiple legal sportsbooks.
The process of line shopping isn??™t difficult but it does take a time switching between apps and websites to compare the information. Visiting different sportsbooks to find the best lines and odds will help a bettor in multiple ways.
An arbitrage opportunity will always be profitable. Finding the best moneyline for an event will obviously pay more money. Finding the best point spread for a game increases the chance that a team will cover and the bettor will win the wager.
There??™s always an upside to placing bets with the best odds available.
Arbitrage isn??™t for everyone.
Sports betting arbitrage is an advanced strategy and it??™s not for everyone. All sports bettors want to win but they have different motivations. Recreational sports bettors often seek to have some action on the game they??™re watching or the team they??™re rooting for.
Sure all bettors want to win but sometimes the goal is to have fun watching the game and to win money based on predicting the outcome correctly.
Professional sports bettors are strictly gambling to make a profit. These bettors appreciate being able to find arbitrage opportunities. Pro sports bettors are always looking for ways to make money when wagering on sports and are typically the type of bettor most open to arbitrage.
There??™s a large number of sports bettors that fall in between these two extremes. These bettors will put in the work to find the best information and odds for games they??™d like to wager. Many will do the extra work to find an arbitrage situation because generating a profit is the most fun part of gambling. However, arbitrage betting takes time and even an advanced recreational bettor may not have time to always seek out opportunities.
There are pros and cons to all kinds of sports wagers. Arbitrage is a great opportunity to generate small guaranteed profits on a game. This is another great tool available to sports bettors.

What Is Arbitrage Betting?
Strategy To Beat The Sportsbooks.
Arbitrage is an advanced sports betting strategy that comes from the financial world. This strategy involves multiple wagers on the same game in order to guarantee a profit. An opportunity to arbitrage for a game is more about making money than betting and rooting on a particular team.
To be clear, arbitrage is a sports betting strategy that guarantees a profit . This isn??™t a get rich quick scheme and isn??™t illegal. It takes effort to find an arbitrage opportunity. This kind of gambling isn??™t for everyone, but all sports bettors could use this tool as part of their wagering plans.
This might sound too good to be true but it isn??™t. The most difficult part about arbitrage is actually finding the opportunity.
What is arbitrage?
In the financial world, arbitrage is considered ???the simultaneous purchase and sale of an asset to profit from an imbalance in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms.???
Arbitrage is similar for sports bettors. This betting strategy involves placing a wager on all possible outcomes of an individual game or event so that that there??™s a guaranteed profit regardless of the winner. The name might sound complicated but the idea of arbitrage is actually quite simple.
How to arbitrage in sports betting.
The goal of arbitrage betting is to find inefficiencies in the sports betting market in order to guarantee a profit. Sportsbooks often set odds so that they have even (or close to even) money wagered on both sides. There are times when sportsbooks have different odds from one another and this results in an opportunity to arbitrage a game.
Arbitrage betting is done by placing multiple wagers on different outcomes of a single sports event. One of the wagers will win while the other wager will lose. If done correctly, the result will be a small win for the bettor regardless of which side wins.
Arbitrage math and results.
An example should help explain how to arbitrage a game.
New York Yankees vs. Houston Astros.
In this example, a bettor will wager $100 on each team. The total amount of wagers for this game will be $200. Regardless of which team wins the game, the bettor will be paid $110 for a winning wager plus the original $100 for a total of $210.
Altogether there was $200 wagered on this baseball game. There is a guaranteed return of $210 no matter who wins the game . The total profit of this investment was $10. This is a guaranteed 5% return; that??™s solid for a short-term investment.
The return will remain the same if a bettor can risk more than $200. Grinding out small wins over time can help a bettor grow their bankroll . In the example above, the rate of return will be 5% no matter how much money is wagered.
An arbitrage opportunity can be useful for any sized bankroll. A larger bettor might be able to risk $2,000 on the same game. The 5% return, in this case, would give the bettor a profit of $100 while the 10% return would return $200.
Having a large bankroll helps grow profits quicker but isn??™t necessary. Anyone can use arbitrage to supplement their sports betting bankroll.
Lastly, the odds don??™t have to be the same for both wagers. The example above is just keeping the math simple.
Line shopping.
Line shopping is important for all sports bettors but especially when looking for an arbitrage opportunity. Finding the best odds for a game will take place at multiple sportsbooks. Unfortunately arbitraging a game isn??™t a get rich quick scheme. Finding the right odds takes time and effort. Having said that, this extra work also helps a bettor become profitable.
Even if this isn??™t a particularly fun strategy, the underlying approach can be helpful for all sports bettors. Line shopping is one way to be a more profitable sports bettor ??“ and it isn??™t difficult in most states that have multiple legal sportsbooks.
The process of line shopping isn??™t difficult but it does take a time switching between apps and websites to compare the information. Visiting different sportsbooks to find the best lines and odds will help a bettor in multiple ways.
An arbitrage opportunity will always be profitable. Finding the best moneyline for an event will obviously pay more money. Finding the best point spread for a game increases the chance that a team will cover and the bettor will win the wager.
There??™s always an upside to placing bets with the best odds available.
Arbitrage isn??™t for everyone.
Sports betting arbitrage is an advanced strategy and it??™s not for everyone. All sports bettors want to win but they have different motivations. Recreational sports bettors often seek to have some action on the game they??™re watching or the team they??™re rooting for.
Sure all bettors want to win but sometimes the goal is to have fun watching the game and to win money based on predicting the outcome correctly.
Professional sports bettors are strictly gambling to make a profit. These bettors appreciate being able to find arbitrage opportunities. Pro sports bettors are always looking for ways to make money when wagering on sports and are typically the type of bettor most open to arbitrage.
There??™s a large number of sports bettors that fall in between these two extremes. These bettors will put in the work to find the best information and odds for games they??™d like to wager. Many will do the extra work to find an arbitrage situation because generating a profit is the most fun part of gambling. However, arbitrage betting takes time and even an advanced recreational bettor may not have time to always seek out opportunities.
There are pros and cons to all kinds of sports wagers. Arbitrage is a great opportunity to generate small guaranteed profits on a game. This is another great tool available to sports bettors.

Louisiana fantasy sports betting rules approved by state lawmakers.
The vote Wednesday started the process for approving operators so the competitions for online cash prizes can begin. Operators of fantasy sports contests have to be licensed by the Louisiana Gaming Control Board. Anybody will be able to log into the online sites if they travel to any of the 47 parishes that legalized the vertical.
ouisiana lawmakers on Wednesday agreed to regulations governing fantasy sports betting in the 47 parishes that approved it two years ago.
The rules devised by the Louisiana Gaming Control Board and the attorney general??™s gaming division received unanimous backing from the House and Senate committees that oversee gambling laws, the Associated Press reports. The move started the process for approving operators so the competitions for online cash prizes can begin.
Nearly three-quarters of Louisiana??™s 64 parishes voted in the November 2018 election to legalize fantasy sports betting. Lawmakers have since set the tax rates and the regulatory process governing the activity. The more detailed rules were set with Wednesday??™s vote.
Operators of fantasy sports contests have to be licensed by the Louisiana Gaming Control Board. Participants in the competitions have to be at least 21 years old. And the imaginary teams can??™t involve participants in high school or youth sports events.
In addition, there are extensive audit and reporting requirements, and players will have to register to participate in the betting. Though the games only will be permitted in parishes where voters authorized it, anybody will be able to log into the online sites if they travel to those parishes.

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?»?Most Louisiana parishes voted to allow sports betting.
Voters in 55 of 64 Louisiana parishes on Tuesday passed the referendum to legalize sports betting in the state. Legislation that spells out details and taxation of the new industry is needed, which could happen in 2021 or 2022.
oters in 55 of 64 Louisiana parishes Tuesday approved a ballot measure that would allow sports betting.
Most parishes, including those in the Baton Rouge, New Orleans and Lafayette areas, endorsed the proposal by huge margins, including some reaching 70% and more, as reported by The Advocate . Other areas that lined up behind the push included St. Tammany, Jefferson, Ascension, Livingston, St. Bernard, West Baton Rouge, Plaquemines, St. Charles and Terrebonne parishes.
The plan collected 1.3 million votes statewide ??“ 65% ??“ compared to about 683,000 ??“ 35% ??“ who opposed it, according to figures compiled by Louisiana Wins , the group behind the effort. The proposal passed by margins of 68% in East Baton Rouge, 67% in Ascension, 60% in Livingston, 76% in Orleans, 67% in St. Tammany, 76% in Jefferson and 77% in St. Bernard parishes. It was falling short in only five or 10 parishes statewide, backers said.
The plan was on the ballot in all 64 parishes, and those whose voters said yes will eventually be able to make bets on games. However, legislation that spells out details of the new industry is needed before any wagering begins, likely in 2022. Backers said the change will allow the state to keep money now going to Mississippi, which already allows the betting in casinos.
The vote marks the second of its kind in the past two years. In 2018, voters in 47 of Louisiana's 64 parishes endorsed a move to legalize online sports fantasy games for cash prizes, including East Baton Rouge, Jefferson and Orleans parishes.
Most of the campaign this time was waged by backers through the pro-sports wagering group Louisiana Wins. DraftKings and FanDuel donated more than half of the $975,000 that was raised in time for the Oct. 5 spending report. Each contributed $250,000, including dollars for TV and radio ads. Both companies largely financed the 2018 campaign for online fantasy sports two years ago.
Issues that will have to be hammered out by the Legislature include how the games will be taxed and details of the betting, including, more significantly, whether internet and smartphone wagers will be allowed. State Sen. Cameron Henry, R-Metairie , who sponsored the proposal, said Wednesday officials will begin next week looking at how other states have implemented sports betting.

?»?Custom Apparel, Gear, and Promotional Products.
We Meet Your Deadline or it??™s On Us! Guaranteed!
For over 35 years, our expert dedicated team has been crafting the finest decorated apparel and providing the best promotional products available.
Select Your Products.
Browse our Catalog and speak with our experts to select the perfect garments and products for your needs.
Approve Your Design.
Provide us with your artwork so we can tune it up to look just right on the final product!
Receive Your Gear.
We Ship Everywhere. Get ready to make your team smile.
Ready To Get Started?
What We Do.
PTM Promotional Specializes in producing branded apparel and promotional items for sports and activity groups, businesses, organizations and events of any type.
Satisfaction Guaranteed.
Your deadline is our goal! When we give you a finish date we make it. Our quality is second to none and if you ever have a problem with your order just let us know and we will make it right!
Customized Design.
Different fabrics, garments, products and decorations have a big impact on the size, placement and performance of your design. Our experts will advise you and help to customize your artwork and logos to ensure an excellent finished product.
40 Years of Experience.
PTM has been in this business since 1975 and our staff, collectively has hundreds of years of experience. You will appreciate this experience as we guide you successfully through this process.
Your Business Partner.
We're big enough to handle your largest job yet small enough to give you the attention you deserve. With access to over 1.2 million apparel and promotional items and our in-house production abilities, we are your partner for all of your promotional needs.

PTM Sport.
Partners we can share referrals with.
Custom Screen Printing, Embroidery and Branded Promotional Items have been our specialty for over 35 years. Businesses, Schools, Sports Teams, Clubs and Events are just a few of the markets we serve. On Time, High Quality, Great Service. That's PTM!
We do all of our own silk screening and embroidery in-house! Our state of the art equipment combined with our team of over 30 experienced people will give you the comfort that you will get the quality you deserve and that your order is on-time.
Custom T-Shirts, Polo Shirts and Hooded Sweatshirts are among our most popular items for just about any situation. We also provide a lot of Embroidered Hats, Shirts and Jackets for business logo apparel applications. PTM can provide you with the best garments for your needs including premium brands like Under Armor, Nike, Patagonia and others. We have several hundred thousand garments to choose from.
Water Bottles, Back Packs, Travel Mugs, Tote Bags, Umbrellas and anything else you can imagine are available for PTM to put your name on. Through our top-rated suppliers we have over 1.2 million items to choose from.
Please let us help your Company, Team or Group look and feel great!

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?»?Custom Apparel, Gear, and Promotional Products.
We Meet Your Deadline or it??™s On Us! Guaranteed!
For over 35 years, our expert dedicated team has been crafting the finest decorated apparel and providing the best promotional products available.
Select Your Products.
Browse our Catalog and speak with our experts to select the perfect garments and products for your needs.
Approve Your Design.
Provide us with your artwork so we can tune it up to look just right on the final product!
Receive Your Gear.
We Ship Everywhere. Get ready to make your team smile.
Ready To Get Started?
What We Do.
PTM Promotional Specializes in producing branded apparel and promotional items for sports and activity groups, businesses, organizations and events of any type.
Satisfaction Guaranteed.
Your deadline is our goal! When we give you a finish date we make it. Our quality is second to none and if you ever have a problem with your order just let us know and we will make it right!
Customized Design.
Different fabrics, garments, products and decorations have a big impact on the size, placement and performance of your design. Our experts will advise you and help to customize your artwork and logos to ensure an excellent finished product.
40 Years of Experience.
PTM has been in this business since 1975 and our staff, collectively has hundreds of years of experience. You will appreciate this experience as we guide you successfully through this process.
Your Business Partner.
We're big enough to handle your largest job yet small enough to give you the attention you deserve. With access to over 1.2 million apparel and promotional items and our in-house production abilities, we are your partner for all of your promotional needs.

PTM Sport.
Partners we can share referrals with.
Custom Screen Printing, Embroidery and Branded Promotional Items have been our specialty for over 35 years. Businesses, Schools, Sports Teams, Clubs and Events are just a few of the markets we serve. On Time, High Quality, Great Service. That's PTM!
We do all of our own silk screening and embroidery in-house! Our state of the art equipment combined with our team of over 30 experienced people will give you the comfort that you will get the quality you deserve and that your order is on-time.
Custom T-Shirts, Polo Shirts and Hooded Sweatshirts are among our most popular items for just about any situation. We also provide a lot of Embroidered Hats, Shirts and Jackets for business logo apparel applications. PTM can provide you with the best garments for your needs including premium brands like Under Armor, Nike, Patagonia and others. We have several hundred thousand garments to choose from.
Water Bottles, Back Packs, Travel Mugs, Tote Bags, Umbrellas and anything else you can imagine are available for PTM to put your name on. Through our top-rated suppliers we have over 1.2 million items to choose from.
Please let us help your Company, Team or Group look and feel great!

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?»?Custom Apparel, Gear, and Promotional Products.
We Meet Your Deadline or it??™s On Us! Guaranteed!
For over 35 years, our expert dedicated team has been crafting the finest decorated apparel and providing the best promotional products available.
Select Your Products.
Browse our Catalog and speak with our experts to select the perfect garments and products for your needs.
Approve Your Design.
Provide us with your artwork so we can tune it up to look just right on the final product!
Receive Your Gear.
We Ship Everywhere. Get ready to make your team smile.
Ready To Get Started?
What We Do.
PTM Promotional Specializes in producing branded apparel and promotional items for sports and activity groups, businesses, organizations and events of any type.
Satisfaction Guaranteed.
Your deadline is our goal! When we give you a finish date we make it. Our quality is second to none and if you ever have a problem with your order just let us know and we will make it right!
Customized Design.
Different fabrics, garments, products and decorations have a big impact on the size, placement and performance of your design. Our experts will advise you and help to customize your artwork and logos to ensure an excellent finished product.
40 Years of Experience.
PTM has been in this business since 1975 and our staff, collectively has hundreds of years of experience. You will appreciate this experience as we guide you successfully through this process.
Your Business Partner.
We're big enough to handle your largest job yet small enough to give you the attention you deserve. With access to over 1.2 million apparel and promotional items and our in-house production abilities, we are your partner for all of your promotional needs.

PTM Sport.
Partners we can share referrals with.
Custom Screen Printing, Embroidery and Branded Promotional Items have been our specialty for over 35 years. Businesses, Schools, Sports Teams, Clubs and Events are just a few of the markets we serve. On Time, High Quality, Great Service. That's PTM!
We do all of our own silk screening and embroidery in-house! Our state of the art equipment combined with our team of over 30 experienced people will give you the comfort that you will get the quality you deserve and that your order is on-time.
Custom T-Shirts, Polo Shirts and Hooded Sweatshirts are among our most popular items for just about any situation. We also provide a lot of Embroidered Hats, Shirts and Jackets for business logo apparel applications. PTM can provide you with the best garments for your needs including premium brands like Under Armor, Nike, Patagonia and others. We have several hundred thousand garments to choose from.
Water Bottles, Back Packs, Travel Mugs, Tote Bags, Umbrellas and anything else you can imagine are available for PTM to put your name on. Through our top-rated suppliers we have over 1.2 million items to choose from.
Please let us help your Company, Team or Group look and feel great!

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?»?Sports Betting Odds.
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Upcoming Events.
(IL) If you or someone you know has a gambling problem, crisis counseling and referral services are available by calling 1-800-GAMBLER (1-800-426-2537).
(IA) If you or someone you know has a gambling problem and wants help, call 1-800-BETS-OFF.
(IN) If you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. Indiana Self-Restriction Program.
(NJ) Bet with your head, not over it! Gambling Problem? Call 1-800-Gambler.
(PA) If you or someone you know has a gambling problem, help is available, call 1-800-Gambler.
(WV) If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.

NFL Las Vegas Odds.
Spread ?· Money Line ?· 1st Half Page 1 ?· Page 2.
02/07 6:30 PM 101 Kansas City 102 Tampa Bay -3?? -10 57??u-10 -3 -15 56u-10 -3 -15 56u-10 -3 -10 55??u-14 -3 -20 56u-10 -3 -20 56u-10 -3 -20 56u-10 -3 -15 55??o-13 -3 -15 56u-10 Buy Picks.
Where to Bet: WynnBET FanDuel BetMGM DraftKings Fox Bet Bet365 PointsBet Unibet BetRivers All.
How to read Super Bowl 55 Odds.
The Kansas City Chiefs wil meet the Tampa Bay Buccaneers in Super Bowl 55 from Raymond James Stadium in Tampa, Florida on Feb. 7, 2021.
The Chiefs opened as -3.5 betting favorites while the Buccaneers are 3.5 underdogs.
After early wagers came in, most operators are holding Kansas City -3 (-120).
If you were to wager on Kansas City -3, you would have to lay 5/6 odds (Bet $120 to win $100) instead of your normal 10/11 juice (Bet $110 to win $100).
The return on Tampa Bay would be even-money (1/1) and a $100 wager would return $100.
The total or over-under on Super Bowl 55 is hovering between 56 and 57 points.
How to read NFL Las Vegas Odds.
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
Ex. Bet $110 to win $100 (10% juice) Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08 , -12 , -15 and -20 . The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.
Another number that??™s posted on the NFL Las Vegas is the total or ???over/under??™ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line.
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you??™re betting on the NFL or any other sport, it??™s a great idea to view the open line first.
VI Consensus NFL Line.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what??™s the process? The future wager or the ???Odds to Win??? bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you??™re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl.
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ?· 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.

How To Read Odds.
Understanding betting odds is key to successful betting. If you do not understand betting odds and the probabilities that they imply, you will struggle to succeed in betting on sports long term.
You don??™t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure.
How to read American odds.
There are three popular odds formats:
Fractional Odds Decimal Odds American Odds.
For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator.
American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls.
Put Your Odds Knowledge to the Test.
Super Bowl Special Offer.
A big offer for the Big Game!
Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
New customers only. 21+. NJ, CO, IN, TN, IN, MI, IA, VA and WV only.
How to calculate implied probability.
As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, Pointsbet Sportsbook.
So how do we calculate the implied probability in American odds?
Calculating the implied probability in positive American odds is quite simple:
So the implied probability of the Lakers winning the game is 0.4348 (or 43.48%). In this instance, the bookmakers believe the Lakers are a 43.48% chance of winning the game.
Calculating the implied probability in negative American odds is fairly straightforward:
So in our example, the Bulls are at odds of -140 to win the game. What is the implied probability of these odds?
So the implied probability of the Bulls winning the game is 0.5833, or 58.33%. In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game.
Value bets.
As stated earlier, the key to successful betting is to bet only when there is value. In our example, we should only bet on either the Bulls or the Lakers if we determine that they are a better chance to win the game than what the odds represent.
If we believe the Lakers are a better chance to win than 43.48%, we should bet on them. If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them.
Understanding betting odds is crucial to long-term betting success. Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
See real odds at online sportsbooks.
At many sportsbooks, you??™re free to see the odds no matter what state you happen to be in. However, you can only place real money bets at online sportsbooks odds if you??™re located in states that have legal sports betting.
However, if you want to bet on horses, you??™re more in luck there! Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world.
Betting Against The Odds.
In Summary: Betting Odds Explained.
Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct.
The probability represented by betting odds is often referred to as the ???implied probability??™. Understanding the implied probability is crucial. Why? Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. But if you would like to learn more about betting odds and alternative odds formats, try this odds converter.
Let??™s consider an example. Let??™s say the New York Giants are facing the Washington Redskins in a regular season NFL game. The Giants are at odds of -110 to cover the betting line of -3.5 points. The probability implied in the odds -110 is 52.4%. You??™ve done your research and have determined the Giants are a 60% chance to cover the -3.5 betting line. As 60% is greater than 52.4%, you have found what is commonly referred to as a ???value bet??™.
However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. You have not found a value bet and should not place a bet on the Giants.

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Football Correct Fixed Matches
Football Betting Tips

?»?Sports Betting Odds.
Free Betting Odds.
All Sports.
Upcoming Events.
(IL) If you or someone you know has a gambling problem, crisis counseling and referral services are available by calling 1-800-GAMBLER (1-800-426-2537).
(IA) If you or someone you know has a gambling problem and wants help, call 1-800-BETS-OFF.
(IN) If you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. Indiana Self-Restriction Program.
(NJ) Bet with your head, not over it! Gambling Problem? Call 1-800-Gambler.
(PA) If you or someone you know has a gambling problem, help is available, call 1-800-Gambler.
(WV) If you or someone you know has a gambling problem and wants help, call 1-800-GAMBLER.

NFL Las Vegas Odds.
Spread ?· Money Line ?· 1st Half Page 1 ?· Page 2.
02/07 6:30 PM 101 Kansas City 102 Tampa Bay -3?? -10 57??u-10 -3 -15 56u-10 -3 -15 56u-10 -3 -10 55??u-14 -3 -20 56u-10 -3 -20 56u-10 -3 -20 56u-10 -3 -15 55??o-13 -3 -15 56u-10 Buy Picks.
Where to Bet: WynnBET FanDuel BetMGM DraftKings Fox Bet Bet365 PointsBet Unibet BetRivers All.
How to read Super Bowl 55 Odds.
The Kansas City Chiefs wil meet the Tampa Bay Buccaneers in Super Bowl 55 from Raymond James Stadium in Tampa, Florida on Feb. 7, 2021.
The Chiefs opened as -3.5 betting favorites while the Buccaneers are 3.5 underdogs.
After early wagers came in, most operators are holding Kansas City -3 (-120).
If you were to wager on Kansas City -3, you would have to lay 5/6 odds (Bet $120 to win $100) instead of your normal 10/11 juice (Bet $110 to win $100).
The return on Tampa Bay would be even-money (1/1) and a $100 wager would return $100.
The total or over-under on Super Bowl 55 is hovering between 56 and 57 points.
How to read NFL Las Vegas Odds.
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
Ex. Bet $110 to win $100 (10% juice) Ex. Bet $100 to win $90.91 (10% juice)
It's not uncommon to see other values posted other than -10. Examples seen on the NFL Vegas Odds pages could include -08 , -12 , -15 and -20 . The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make NFL bets.
Another number that??™s posted on the NFL Las Vegas is the total or ???over/under??™ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The NFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
NFL Open Line.
One of the best features on the NFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you??™re betting on the NFL or any other sport, it??™s a great idea to view the open line first.
VI Consensus NFL Line.
How do I bet on the Super Bowl?
We know that you can bet on the Super Bowl and all of NFL Futures or bet on the NFL Draft at any time of the year, but what??™s the process? The future wager or the ???Odds to Win??? bet on the Super Bowl is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Super Bowl, you??™re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Super Bowl Odds. In the fractional NFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
Ex. Green Bay (8/1) to win the Super Bowl.
The Packers are listed as an 8/1 betting choice to win the Super Bowl. If you wager $100 on Green Bay to win the NFC and they capture the championship, then you would win $800 (8 ?· 1 x 100). Your online betting account would then credit your account $900, which includes your win and stake ($100).
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Super Bowl bets.

How To Read Odds.
Understanding betting odds is key to successful betting. If you do not understand betting odds and the probabilities that they imply, you will struggle to succeed in betting on sports long term.
You don??™t need to be a math genius to succeed in betting on sports, but if you do not understand what betting odds reflect, you are setting yourself up for failure.
How to read American odds.
There are three popular odds formats:
Fractional Odds Decimal Odds American Odds.
For the purposes of this article, we will focus on American odds. Know your potential profits when you make a wager with this betting odds calculator.
American odds are presented as either positive or negative odds. The following is an example of American odds for an NBA game between the Los Angeles Lakers and Chicago Bulls.
Put Your Odds Knowledge to the Test.
Super Bowl Special Offer.
A big offer for the Big Game!
Players can get a Risk Free First Bet up to $600 and, in addition, all users will receive $50 of Parlay Insurance.
New customers only. 21+. NJ, CO, IN, TN, IN, MI, IA, VA and WV only.
How to calculate implied probability.
As previously stated, understanding and calculating the implied probability in betting odds is key to long-term betting success at, for instance, Pointsbet Sportsbook.
So how do we calculate the implied probability in American odds?
Calculating the implied probability in positive American odds is quite simple:
So the implied probability of the Lakers winning the game is 0.4348 (or 43.48%). In this instance, the bookmakers believe the Lakers are a 43.48% chance of winning the game.
Calculating the implied probability in negative American odds is fairly straightforward:
So in our example, the Bulls are at odds of -140 to win the game. What is the implied probability of these odds?
So the implied probability of the Bulls winning the game is 0.5833, or 58.33%. In this case, the bookmakers see the Bulls as a 58.33% chance of winning the game.
Value bets.
As stated earlier, the key to successful betting is to bet only when there is value. In our example, we should only bet on either the Bulls or the Lakers if we determine that they are a better chance to win the game than what the odds represent.
If we believe the Lakers are a better chance to win than 43.48%, we should bet on them. If we believe the Bulls are a better chance to win than 58.33%, then likewise, we should bet on them.
Understanding betting odds is crucial to long-term betting success. Possessing an intimate grasp of betting odds and their implied probabilities is fundamental to profitable betting.
See real odds at online sportsbooks.
At many sportsbooks, you??™re free to see the odds no matter what state you happen to be in. However, you can only place real money bets at online sportsbooks odds if you??™re located in states that have legal sports betting.
However, if you want to bet on horses, you??™re more in luck there! Many states allow for online horse racing betting and you can see odds at most of the big horse racing tracks around the world.
Betting Against The Odds.
In Summary: Betting Odds Explained.
Betting odds represent the probability of an outcome occurring and the return (profit) you will receive if your bet is a winner. It could be the likelihood of all of your final four betting picks being correct.
The probability represented by betting odds is often referred to as the ???implied probability??™. Understanding the implied probability is crucial. Why? Because you should only bet when you believe the probability of an outcome occurring is higher than the implied probability. But if you would like to learn more about betting odds and alternative odds formats, try this odds converter.
Let??™s consider an example. Let??™s say the New York Giants are facing the Washington Redskins in a regular season NFL game. The Giants are at odds of -110 to cover the betting line of -3.5 points. The probability implied in the odds -110 is 52.4%. You??™ve done your research and have determined the Giants are a 60% chance to cover the -3.5 betting line. As 60% is greater than 52.4%, you have found what is commonly referred to as a ???value bet??™.
However, if following your research you determined that the Giants are only a 45% chance to cover the -3.5 points betting line, the implied probability of the odds is greater than your determined probability. You have not found a value bet and should not place a bet on the Giants.

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