5 Ways to Make Money in Sports Betting

sports betting

Minnesota is one of the states that is pushing to legalize sports betting. The state Senate passed a bill to do so in May, but the issue of tribal exclusivity has complicated things, and a compromise seems unlikely. A more realistic date for Minnesota to approve sports betting would be 2023. The neighboring state of Missouri also pushed for sports betting in 2018. The Missouri General Assembly, however, did not approve the bill after it failed to reach an agreement with local casinos.

Point spreads

Point spreads are a popular method of betting on sports. The spread is the amount of points that a favored team is expected to win a game by. While this method of betting is generally accurate, it is not perfect and can be affected by external factors. In most cases, point spreads are accurate for games that are small favorites.

One example of a game where the point spread was significant was a Week 12 matchup between the Buccaneers and Chiefs. The Chiefs beat the Buccaneers 27-24. Pro Football Reference quotes a closing line of -3.5. However, the game did not cover the spread. This is because the Chiefs won the game, but the spread was higher than the team’s handicap.

Total (Over/Under) bets

Total (Over/Under) sports betes can be a good way to make money in the sports betting world. While they are not as exciting as predicting the winner, totals can be a good way to get involved in the action. Over/unders are based on expected scoring, and each sport has its own range. You can use this information to make informed decisions, as well as get great value from your bets.

Over/under bets are popular in almost every sport that can be wagered. They are most popular in high-scoring games. Baseball, for example, has its own version of the over/under bet, which is called the ‘win total.’ In baseball, the over/under odds are listed in the third column of the game’s odds. NBA contests are the same way, but there’s no connection between the Hawks and Jazz.

Futures bets

Futures bets in sports betting are a unique form of wagering. They offer big payouts without a huge stake. You can place a bet on a specific player’s performance or on a team’s winning percentage. Some futures bets are even more specific, such as the eventual champion of a certain league.

Futures bets are bets on events that will happen in the future, such as games or events, weeks or even months in the future. While these bets are more complex and time-consuming than traditional bets, they can provide an exciting new dimension to sports betting.

In-play bets

A recent study by LaBrie et al. found a negative correlation between the total number of in-play bets and the number of games played. This finding is consistent with previous research, although it may have been driven by the heavily involved bettors in the study. The authors suggest that these findings are an indicator of potential problem gambling.

In-play betting allows gamblers to place bets during a sporting event. It can make the game more exciting, but it can also lead to unhealthy gambling habits. It encourages players to make bets more frequently, which could lead to chasing losses or random wagering.

Legalizing sports betting

While almost every state has considered legalizing sports betting, it has been difficult to get the legislation passed in many of them. Political opposition and complex tribal relationships are preventing many states from legalizing the gambling industry. Thankfully, many states are moving toward legalization, and a map of where sports betting is currently legal and where it might go in the future is available online. States such as Kansas and Maine are already legal, and two other states are on the verge of doing so.

In Wisconsin, Governor Tony Evers recently signed legislation that would allow sports betting at two tribal casinos in 2021. At present, the Oneida Casino is the only one of them that accepts sports wagers, but only on college and professional teams. The Potawatomi Casino has also expressed interest in sports betting.