Illegal Sports Gambling Is Big Business! Will It Finally Become Legal? Supreme Court to Decide

No matter what sports season we’re in, you probably have a favorite sport you relish following. Maybe March madness college basketball, the NFL, baseball, hockey, golf, or soccer. Perhaps you would like to make a little bet, but many sports fans in the United States are leery of the legitimacy and legality of internet gambling. If you live in the United States, your legal sports betting options at brick and mortar casinos are limited to Nevada, and to some degree at Delaware racetracks.

The Supreme Court has heard arguments on a New Jersey challenge which would permit sports gambling at its casinos and racetracks. If the court rules in favor of New Jersey, Gaming experts predict that most states will jump on the bandwagon to legalization, in order to fill state coffers with tax revenue.

If you’re unfamiliar with the particulars of how to bet on sports, the following describes how it all works:

Sports Betting Jargon

Before we get into the specifics, here’s a little jargon explanation to help you understand the process:

  • Action – A term for all the betting activity that happens during an event.
  • Handle – The total amount of money wagered on events.
  • Spread – Giving one of the two teams points to even out the betting action.
  • Sports Books – Establishments that take bets on sporting events.
  • Juice – A percentage of the win taken from a bettor that won an even money bet. Sometimes called the vig, which is short for vigorish.

Types of Bets

There are many different types of bets. By far, football draws the most action with the biggest handle. The Super Bowl alone draws over $100 million in legal betting activity, and over three billion (that’s billion with a B!) illegal wagers. Now you see why states want a piece of the action.

  • Even Money Bets – Players betting on only one team to beat another. The sports book takes the juice/vig from the winning payout amount. A common vig is $11 for $10. (Bettor wages $11, wins $10.) House keeps $1. Most bets will have a point spread (line). If the player is picking the underdog, S/he will take points. If the bettor is picking the favorite, S/he is laying (giving) points.
  • Parlay Bets – Betting on multiple (two or more) teams to win. Here’s a scenario on a point spread ticket. Let’s assume that on event #1, Tampa Bay is playing at Green Bay with GB favored to win by at least 3 points. In event #2, Buffalo is playing at Miami and BUF is expected to win by at least 7 points. Your game ticket would look something like this:

Event Visitor Vs Home

1. TB GB. -3

2 BUF. -7 MIA

This means that if you bet on GB they must win by more than 3 points. A bet on BUF would require them to win by more than 7 points. By choosing the favorites you are laying (giving) points. If you were to put your money on GB and MIA, you would be taking (receiving) the points.

One way to eliminate confusion is to jot down a spread score before the games start. for example on this ticket:

The score before the game starts is:

  1. TB 3 GB 0
  2. MIA 7 BUF 0

When the games are over just give the points to the underdogs. In most jurisdictions, ties lose for the player. In other jurisdictions the prize payout for one tie is reduced to the next lowest payout factor. A common play in casinos is a four team pick for 10X the bet.Bet $10, win $100, but you can wager from two to twelve games. The more games you play, the higher the winning payouts.

  • Over/Under – One scenario is betting that the final score ill be over or under a certain number a preset number.
  • Prop Bets – A proposition bet is where you predict the outcome of a preset number of props on a single ticket. Example: Total field goals over/under 4. Total interceptions over/under 3. Total sacks over/under 2. Total receiving yards, total yards, and the list goes on and on.

If you visit Vegas or other jurisdictions that permit sports gambling, Good Luck!

The Best NFL Betting Picks and Football Predictions to Finally Start Winning

NFL football betting picks and predictions are a huge market with few consistent winners.

NFL sports betting is one of the most popular betting medians online today. Anyone who enjoys watching football or the NFL loves to wager on a game to make it more exciting. However with such a huge following and so much money in one of the richest games on the planet, more and more people want to get a piece of the pie.

90% of people who bet on football loose over time, it’s statistics that keep bookies and sports books running at a profit. However there is a small group of people who consistently profit from betting on this game.

The small percentage that do consistently profit are professional gamblers that either really know their football or follow a proven system. Both professionals have flaws in their methods but both need sound money management systems to stay profitable over time.

Knowing where to get your tips, picks and predictions can be difficult because so many people over advice. Most sports books even offer free NFL betting picks, because they know the odds are on their side over the long term.

Paying for NFL betting predictions can be expensive if it is on a recurring basis, and you would have to consistently wager every game to get your money back. It can also take a long time to test different sources and find a viable expert, due to the fact you can’t make an opinion off only a few picks.

Being a successful online business owner I decided to test this market, and built a team to study the formulas, strategies, picks and predictions available, to see if someone of limited knowledge could consistently profit over time.

Our studies found the price of recurring products to be a major problem with beginners of limited funds, due to the increased pressure. We also found that the best picks came from people who understand the game while still using a system or formula to put the odds in their favour.

The Best picks we found came free with the purchase of a proven system, meaning there is no ongoing cost or recurring fees putting pressure on the beginner.

The Best Free NFL betting predictions came from an online sports book called “Bet US” however they are not a viable long term solution, and are more for the hobbyist gambler or sports enthusiast.