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Gambling News

Good Sports Betting News For Esports And The NFL Draft

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The coronavirus pandemic has sent shockwaves across the gaming world.

As it has been well-documented, the majority of — if not all — casinos in the US have closed their doors. Sports leagues suspended games, canceled seasons and postponed major events.

Operators have scrambled to unearth ways in which to at least partially make up for lost revenue.

Enter, esports betting. And on the horizon, NFL Draft betting. The silver lining has shown itself.

On to the Rewind:

Esports betting gets green light in Nevada

The entertainment world has had a void for several weeks due to the coronavirus. No games. No sports. No avenue for legalized sports betting.

Gaming regulators in two states, however, have signed off on esports betting.

The Nevada Gaming Control Board approved wagering on the Counter-Strike ESL Pro League at each of the state’s sportsbooks. How many more events receive the green light in Nevada — or in any other state, for that matter — obviously depends on how much action is drawn.

Another state has dipped its toes into the esports betting waters.

Like Nevada, New Jersey requires operators to request approval from the Division of Gaming Enforcement before taking bets on esports. The Garden State saw its first esports betting action late last year by allowing bettors to place wagers on the League of Legends World Championship Final.

As Rahul Sood, CEO of esports betting operator Unikrn, told Legal Sports Report, state regulators “are willing to move quickly” to approve esports betting — especially if “real” sports continue to be sidelined.

Oregon sports betting fleeced by SBTech

Before Oregon sports betting launched in late-2019, the Oregon Lottery projected confidence and optimism that the state’s regulated industry could flourish.

Alas, it appears as if the lottery underestimated the costs of having partner SBTech in its corner.

A monthslong court battle ultimately ended with SBTech releasing details of its contract with the Oregon Lottery. And as it turns out, the sports betting provider has billed its partner for at least $2.9 million, causing the lottery to potentially lose $5.3 million over the first nine months of the 2020 fiscal year.

This despite the Scoreboard betting app helping generate a net revenue of nearly $6 million.

As Legal Sports Report detailed, “Managed Service Fees” have led to most of the SBTech-related costs. Among them:

  • SBTech gets 16% of net revenue and minimum monthly payments of $300,000 for the first six months and $350,000 thereafter
  • After 36 months, the “Minimum Managed Service Fee” increases to 17%

Certainly, this all becomes convoluted and even confusing to many, so consider the following: At full maturity, Oregon sports betting revenue gets handcuffed by SBTech costs. For example, as laid out by LSR, in a $5 million month of gross gaming revenue, SBTech would receive more than $1 million.

NFL Draft still on, NFL Draft betting still a go

Wrapping up the Rewind on a positive note is a conscious effort. With pro sports still sidelined, the news of the NFL Draft still expecting to go on as scheduled provides some much-needed joy.

While all events originally planned for Las Vegas have been scrubbed, the draft will still take place. As such, draft betting is still alive and well at legal sportsbooks.

Details of how the event will play out are reportedly still being worked out. For now, though, we can keep April 23-25 scheduled.

At many sportsbooks, operators are accepting bets on a variety of draft-related topics:

  • No. 1 overall pick
  • Order of first three picks
  • Over/under players selected by team and conference
  • Round of first kicker selected
  • Round of first punter selected

Far and away, LSU QB Joe Burrow remains the favorite to go No. 1 overall (FanDuel Sportsbook lists him at -3500) to the Cincinnati Bengals. Perhaps, though, the unexpected could happen, like Ohio State DE Chase Young taking the top spot. That’s good for a +1400 payout with FanDuel.

From esports to the NFL Draft, not all is lost for bettors.

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Gambling News

Good Sports Betting News For Esports And The NFL Draft

[ad_1]

The coronavirus pandemic has sent shockwaves across the gaming world.

As it has been well-documented, the majority of — if not all — casinos in the US have closed their doors. Sports leagues suspended games, canceled seasons and postponed major events.

Operators have scrambled to unearth ways in which to at least partially make up for lost revenue.

Enter, esports betting. And on the horizon, NFL Draft betting. The silver lining has shown itself.

On to the Rewind:

Esports betting gets green light in Nevada

The entertainment world has had a void for several weeks due to the coronavirus. No games. No sports. No avenue for legalized sports betting.

Gaming regulators in two states, however, have signed off on esports betting.

The Nevada Gaming Control Board approved wagering on the Counter-Strike ESL Pro League at each of the state’s sportsbooks. How many more events receive the green light in Nevada — or in any other state, for that matter — obviously depends on how much action is drawn.

Another state has dipped its toes into the esports betting waters.

Like Nevada, New Jersey requires operators to request approval from the Division of Gaming Enforcement before taking bets on esports. The Garden State saw its first esports betting action late last year by allowing bettors to place wagers on the League of Legends World Championship Final.

As Rahul Sood, CEO of esports betting operator Unikrn, told Legal Sports Report, state regulators “are willing to move quickly” to approve esports betting — especially if “real” sports continue to be sidelined.

Oregon sports betting fleeced by SBTech

Before Oregon sports betting launched in late-2019, the Oregon Lottery projected confidence and optimism that the state’s regulated industry could flourish.

Alas, it appears as if the lottery underestimated the costs of having partner SBTech in its corner.

A monthslong court battle ultimately ended with SBTech releasing details of its contract with the Oregon Lottery. And as it turns out, the sports betting provider has billed its partner for at least $2.9 million, causing the lottery to potentially lose $5.3 million over the first nine months of the 2020 fiscal year.

This despite the Scoreboard betting app helping generate a net revenue of nearly $6 million.

As Legal Sports Report detailed, “Managed Service Fees” have led to most of the SBTech-related costs. Among them:

  • SBTech gets 16% of net revenue and minimum monthly payments of $300,000 for the first six months and $350,000 thereafter
  • After 36 months, the “Minimum Managed Service Fee” increases to 17%

Certainly, this all becomes convoluted and even confusing to many, so consider the following: At full maturity, Oregon sports betting revenue gets handcuffed by SBTech costs. For example, as laid out by LSR, in a $5 million month of gross gaming revenue, SBTech would receive more than $1 million.

NFL Draft still on, NFL Draft betting still a go

Wrapping up the Rewind on a positive note is a conscious effort. With pro sports still sidelined, the news of the NFL Draft still expecting to go on as scheduled provides some much-needed joy.

While all events originally planned for Las Vegas have been scrubbed, the draft will still take place. As such, draft betting is still alive and well at legal sportsbooks.

Details of how the event will play out are reportedly still being worked out. For now, though, we can keep April 23-25 scheduled.

At many sportsbooks, operators are accepting bets on a variety of draft-related topics:

  • No. 1 overall pick
  • Order of first three picks
  • Over/under players selected by team and conference
  • Round of first kicker selected
  • Round of first punter selected

Far and away, LSU QB Joe Burrow remains the favorite to go No. 1 overall (FanDuel Sportsbook lists him at -3500) to the Cincinnati Bengals. Perhaps, though, the unexpected could happen, like Ohio State DE Chase Young taking the top spot. That’s good for a +1400 payout with FanDuel.

From esports to the NFL Draft, not all is lost for bettors.

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Sports Betting

How To Become A Good Football Betting Handicapper

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Basic football handicapping is absolutely essential to long-term success when football betting. Without at least a basic knowledge of handicapping, you are doomed to failure. With Football Betting, you must hit 52.38% winners just to break even when placing equal bets.

Becoming a good football handicapper is not too difficult, but you must learn how to properly assess your money management, have a basic idea of ​​how to determine statistics, and have a good amount of discipline when deciding on wagers.

Before the football betting season starts, make sure to determine your bankroll and bet sizes. This can make or break your season in a hurry. I recommend no more than 2-5% of your bankroll per bet. This is a good start for money management.

A good football handicapper knows they have an advantage over the average bettor when football betting. Most average bettors just decide that they like and team, and will bet on them for no good reason. By learning the tricks of the trade so to speak, you can become a consistent winning football handicapper if you set your mind to it.

Some handicappers prefer using statistical methods to pick winners, while other handicappers may rely on situational methods. There are also emotional factors for football betting that are used for handicapping.

I am the type of handicapper who uses all three of these methods when football betting. First and foremost I look at the stats of the 2 teams when handicapping to see if I can find a point spread winner.

Does either team have a big edge on defense, offense or special teams? Home or away, divisional and conference records. Of course this is simplified handicapping, but you get the message.

You should develop a Power Rankings system like good football handicappers do to help with this. This allows you to compare the point spread that has been set by the bookmakers, and see if you have an advantage when compared to your numbers.

Next, I look at the situation of each team, like who they last played and who they play next such as divisional opponents. This helps you decide if there is an edge for either team because of their schedule and present situation.

Finally I look for emotional factors when football handicapping like a team coming off a big win or loss, possible letdowns, bounce backs and more. Football is a very emotional game, and you should never overestimate or underestimate this important angle.

You can become a good football handicapper using statistical, situational or emotional angles, or a combination of all three. Take the time to learn these skills and you will be rewarded. Soon you will know when to make the right wager, and when to lay off a game.

I wish you all the luck at becoming a good handicapper at football betting. Enjoy the football season!

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Source by Craig G Gelinas

Sports Betting

Online Gambling Ban in America is As Good As Dead

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In light of the recent events surrounding online gambling in America, whether it is casino poker sports betting or bingo we are again being asked the million dollar question, is it illegal for me to gamble online if I live in the USA?

The answer we give is the same as it has always been although now our position has been backed up by the U.S. Government. The Bill that supposedly made it illegal in 2006 did not in fact make it illegal for you to play at all but instead made it it illegal for America banks to process gaming transactions. This in itself was ineffective as many of the gambling companies did not use American banks anyway.

It absolutely did not make it an offense for an individual to play at an online casino or poker site. Given this glaring hole in the legislation even the banks fought back claiming they should not be put in the position of policing online gambling. At the same time Sen. Barney Frank was preparing a bill to make the ban obsolete and instead do the right thing and regulate the online gambling industry.

The important timelines here are Friday 27th November 2009, Tuesday 1st December and Thursday 3rd December.

Tuesday 1st December is the day the UIEGA Gambling ban was to come into force. This was to be 2 days before Sen Barney Frank was to have his Regulation Bill heard by committee on Thursday the 3rd December.

On Friday 27th November however something happened, the U.S. Government postponed the enforcement of the Gambling Ban by six months until the 1st June 2010. This can only to be to allow the correct approach of regulation and allowing Barney Franks bill to be sent through the channels.

To look at it pragmatically everyone involved knows that online gambling in America will be legalized, regulated and taxed within the next 18 months so why put any further pressure on an already stretched banking system for something that will be overturned in such a short time? It appears that common sense has prevailed and the road is now open for the legalization of online gambling in the United States of America.

This of course was the only course of action open to the U.S. Government and was inevitable. The question this leaves is where do the big Las Vegas casinos go from here? As we have previously written the likes of MGM and Las Vegas Sands have not been exactly proactive in their move towards readiness for the coming legalization.

All we can say is that our door is always open should they need any advice.

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Source by T SG Johnson

Sports Betting

Football Bet Sports 101 – Where to Place a Good Bet

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Football fans believe that betting on spreads gives you a million fortunes on bet sports. It is not that simple. Winning a series of bets is kind of difficult. Experts say starting on spreads is a good turn but it does not work that way. Here are the things that you need to know before placing your bet.

o Sports bookmakers’ advice gamblers to place a $100 bet as a start. Although this seems like the best way to start, you can collect your own sum of bet. Usually, professionals place as much as $20,000 per game while online sports bettors place as low as $1. It is really up to you with the amount you want to place.

o Locate the best bet outlet. If you are near the gambling capital like Las Vegas, you do not need to go far. If you live far from gambling cities, you may need to search for a bookie, which is a person who arranges wagers. If you are really that busy or far from the gambling locations, well, you might want to try betting online. Whatever the most convenient outlet may be for you, take it. As long as you can manage the outlet you have chosen, you’ll stand a good chance with your bet.

o After selecting the location, the next step is to find the best wager. The most common football wager is the point spread. Here, people favor the strong team over the weak team. They will study the team who seems to outweigh the other team and carefully predict the triumph of their bet for that team. This is the easy wager. Some wagers are composed of seasons or leagues. The wagers depend on your patience of studying the best team playing.

o Now that you know the wager you want, the following step should be to fall in line and call for your bet. Of course, you will choose to bet over the winning team. Choosing seems like the easy part when it comes predicting who will win. Actually, this is not true. You need to carefully focus on the team’s ranks, picks, and the team player scores. Here you will know who the best player is and whether or not your team is really the best. When you’re predicting the best team, you need proofs so you’re really sure about placing that bet. While football bet sports is on the rise, you should still be careful about placing bets.

o Starting with a wager still costs you more than a penny. For instance, if you place a bet of $10, it is likely that you will arrive with a $9.10 payoff. Hence, if you want $10 in your pocket, place a bet of $11. Sport bookmakers usually get their commission with your bets because this is their way of making profit. So, do not get surprised. As I have said earlier, making bets with the winning team is expected. This is referred to as the “house advantage.” It is one of the oldest ways to bet but it still works.

Always remember that placing your bet sports do not only mean looking at ranks, picks, types of wagers, and starting bet. In the end, it’s about how well you manipulate all of these factors that matters. Football game is one hard bet. It does not only take your capital away from you. It also plays with your emotions, so, take a hold of it.

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Source by Chris F. Jenkins

Sports Betting

What Makes a Good Bookmaker?

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If you are thinking about getting in to the business of online sports betting, the first question that you have probably had going through your mind is, "How do I get started?" Maybe you've even asked yourself where you should start. These are fine questions, but sooner or later, you will have to tackle the all important one, and it must be done before you wager your first dime. The question: what makes a good bookmaker? A bookmaker, or bookie, is someone who takes bets on events, usually sporting in nature. These bets can be simple win-loss bets, or they can get more complicated when factoring in points and odds. The important thing is that whoever you give your money to can be trusted. Along with this quality, here are some other factors that make a good bookmaker:

The bookmaker has your best interests at heart. If a bookmaker has your best interests at heart, especially in the online world, he will make the overall experience something that you can clearly follow with zero confusion. That means you will be able to see the available bets and act accordingly without having to pull out your hair.

The bookmaker offers incentives. There are a lot of online bookmakers that you can place your bet with, and this competition has benefited you and others greatly via the sportsbook bonus code and bookmaker sign up bonus. These can differ in what they actually mean to you. Some places give you a flat fee for signing up based on the amount that you deposit into your account. Others disperse based on percentage alone. Still others give you options. The point is a good bookmaker will show good faith in offering you his platform by making it worth your while before you've even placed the first bet.

The bookmaker has a good reputation among other sports betters. Ask around about someone if you're unsure. You don't have to look far to find someone, who has a strong opinion about their experience in this place or that. Listen to your peers and your gut. Was there a catch to the bookmaker sign up bonus? Did they have issues redeeming their sportsbook bonus code? Were options limited as to what you could bet? And if winnings were involved, how promptly were these paid out? These are all essential questions to ask before you get your own money involved. Learn from the experience of others to cut out the possibility of fraud, vulnerability, and disappointment.

A sportsbook bonus code or bookmaker sign up bonus make great incentives – in fact, these days just consider them essential. But they're not worth a dime if you can't first trust your bookmaker. Work on that first, and you will reap greater rewards in the end.

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Source by Darren W Chow

Sports Betting

How to find a Winning Sports Bet System and Get Good Betting Results

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Have you really tried all the sports betting strategies? Or do you just enjoy this type of distraction, but are tired of losing all the time? If you do want to find a winning sports bet system, try out the following strategies to get good and successful results.

In sports events in general there are three types of potential winning systems. You can either contact a bookmaker or try out spread sports bet swaps.

You can contact bookmakers either in a specific betting shop or over the Internet. The prices depend on the odds and punters. You may then choose a calculated bet if you think the bookmaker has his odds right.

Spread sports betting is when the team's winning possibilities are calculated by their past performances, therefore giving you a probability number. In other words you will be predicting a team's results not only in terms of victory but also in the precise outcome the event's result. You will need to master a calculator for these systems!

A sports bet swap is when you swap your bet with someone else. This could mean exchanging it with a friend or any other person interested in swapping it. Nowadays this form of sports betting can actually be found online. You simply think up a possible stake and post it on a specific website. If someone else online likes it and what you have to offer they can take it.

Whichever sports betting system you choose, you will need to feel comfortable with it to carry out this winning strategy and get good results. It is not difficult to succeed, just get your homework right and get down to some serious and amusing business!

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Source by Sohan Wins