Tag: Options

Horse Racing Bets Supplementing Minimal Sports Betting Options

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Welcome to another week of quarantine. Potentially, though, it won’t last much longer.

States across the country have started reopening select businesses and easing isolation restrictions as they pertain to the coronavirus pandemic. They have developed policies and guidelines for the public and industries to follow in order to resume operations.

In due time, it appears, casinos will reopen their doors after being closed, for the most part, since March.

Along those lines, major sports are reportedly close to returning. As such, legalized sports betting across the country could pick back up. For now, though, we continue to wait. Hopefully, not for much longer.

On to the Rewind:

Sports betting down, horse betting up in US

As spring turns to summer, any other year, we’d be coming out of one of the busiest times of the sports calendar, what with March Madness and playoff pushes in the NBA and NHL, not to mention the start of MLB and the Masters.

Of course, as it has been well-publicized, the coronavirus pandemic has resulted in the suspension and cancellation of major sports schedules and events, starting March 11. Notably, the NCAA tournament was scratched, which certainly hurt the wallets of bookmakers.

So it should come as no surprise that a virtually sports-less March included sports betting handle in the US plummeting by 65% as it relates to the previous month and reflects a year-over-year decline of 45%. Similarly, overall revenue dropped nearly 60% month to month.

Nevada took the brunt among states with legalized wagering, as its handle and revenue from February to March nose-dived by 71.1% and 96.2%, respectively. For the Silver State, the lack of March Madness delivered a blow, as basketball in March 2019 accounted for 83% of Nevada’s handle.

That said, it appears bettors may have found another outlet: horse betting.

In April, while year-over-year handle dropped 24.4%, horse racing attracted more than $639 million in wagers last month. Consider, though, that many tracks across the country remain closed and just 746 races took place — a 71.4% drop.

Most notably, the average race day boasted a whopping $7.5 million in handle. Compared with April 2019, that’s a 176.5% spike.

Michigan casinos closed until vaccine developed?

Since March 22, casinos in Michigan have been shuttered due to the COVID-19 outbreak.

Some tribes have targeted reopening as early as this month. That’s not the case in Detroit, where properties might not open back up until a coronavirus vaccine is introduced.

As told to The Detroit News, city Mayor Mike Duggan noted that while reported COVID-19 cases and deaths in the state have declined, “[w]here we are today is where we’re going to be in September and is likely to be where we are in January.”

Duggan added that the virus will continue to exist until a vaccine is developed.

That said, Duggan related a potential world in which casinos potentially operated “at 25%-30% capacity” until a vaccine is introduced. He continued, saying he wouldn’t push for anything “before it’s medically safe” and that casinos might not welcome customers for a “few months.”

Closed casinos certainly hurt Detroit, which pocketed adjusted gross receipts of $1.45 billion from casinos in 2019, resulting in more than $184 million for the city.

Louisiana sports betting bills come to light

While sports remain sidelined, lawmakers in Louisiana have introduced three bills to potentially land legalizing sports betting on the ballot and in the hands of the public.

Sen. Cameron Henry, as he told Legal Sports Report, expects the Senate to vote on his bill in short order.

That bill, S 130, simply requests the legalization of the industry to hit the November ballot. This strategy provides Louisiana legislators to take a step forward toward potentially regulating sports betting by gauging the interest of state residents.

It also gives lawmakers ample time to develop regulations, as Henry said, ones that “we’ll have months to work on rather than days or weeks.”

But it won’t be a statewide legalization. Individual parishes decided to approve sports betting via referendum. As an example, 47 of 64 parishes green-lit daily fantasy sports.

To reach the ballot, legislators must pass a referendum bill by June 1. If approved by voters, Louisiana then implements language for a bill in 2021. Finally, a revenue bill with tax rates and fees must pass the legislature by a two-thirds supermajority and receive governor approval.

The other two proposed bills also aim to get in front of voters and include regulatory language for legal sports betting at 15 riverboat casinosone land-based casinos in New Orleans and four racetracks. Both proposals limit online wagering to casino properties.

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Horse Racing Bets Supplementing Minimal Sports Betting Options

[ad_1]

Welcome to another week of quarantine. Potentially, though, it won’t last much longer.

States across the country have started reopening select businesses and easing isolation restrictions as they pertain to the coronavirus pandemic. They have developed policies and guidelines for the public and industries to follow in order to resume operations.

In due time, it appears, casinos will reopen their doors after being closed, for the most part, since March.

Along those lines, major sports are reportedly close to returning. As such, legalized sports betting across the country could pick back up. For now, though, we continue to wait. Hopefully, not for much longer.

On to the Rewind:

Sports betting down, horse betting up in US

As spring turns to summer, any other year, we’d be coming out of one of the busiest times of the sports calendar, what with March Madness and playoff pushes in the NBA and NHL, not to mention the start of MLB and the Masters.

Of course, as it has been well-publicized, the coronavirus pandemic has resulted in the suspension and cancellation of major sports schedules and events, starting March 11. Notably, the NCAA tournament was scratched, which certainly hurt the wallets of bookmakers.

So it should come as no surprise that a virtually sports-less March included sports betting handle in the US plummeting by 65% as it relates to the previous month and reflects a year-over-year decline of 45%. Similarly, overall revenue dropped nearly 60% month to month.

Nevada took the brunt among states with legalized wagering, as its handle and revenue from February to March nose-dived by 71.1% and 96.2%, respectively. For the Silver State, the lack of March Madness delivered a blow, as basketball in March 2019 accounted for 83% of Nevada’s handle.

That said, it appears bettors may have found another outlet: horse betting.

In April, while year-over-year handle dropped 24.4%, horse racing attracted more than $639 million in wagers last month. Consider, though, that many tracks across the country remain closed and just 746 races took place — a 71.4% drop.

Most notably, the average race day boasted a whopping $7.5 million in handle. Compared with April 2019, that’s a 176.5% spike.

Michigan casinos closed until vaccine developed?

Since March 22, casinos in Michigan have been shuttered due to the COVID-19 outbreak.

Some tribes have targeted reopening as early as this month. That’s not the case in Detroit, where properties might not open back up until a coronavirus vaccine is introduced.

As told to The Detroit News, city Mayor Mike Duggan noted that while reported COVID-19 cases and deaths in the state have declined, “[w]here we are today is where we’re going to be in September and is likely to be where we are in January.”

Duggan added that the virus will continue to exist until a vaccine is developed.

That said, Duggan related a potential world in which casinos potentially operated “at 25%-30% capacity” until a vaccine is introduced. He continued, saying he wouldn’t push for anything “before it’s medically safe” and that casinos might not welcome customers for a “few months.”

Closed casinos certainly hurt Detroit, which pocketed adjusted gross receipts of $1.45 billion from casinos in 2019, resulting in more than $184 million for the city.

Louisiana sports betting bills come to light

While sports remain sidelined, lawmakers in Louisiana have introduced three bills to potentially land legalizing sports betting on the ballot and in the hands of the public.

Sen. Cameron Henry, as he told Legal Sports Report, expects the Senate to vote on his bill in short order.

That bill, S 130, simply requests the legalization of the industry to hit the November ballot. This strategy provides Louisiana legislators to take a step forward toward potentially regulating sports betting by gauging the interest of state residents.

It also gives lawmakers ample time to develop regulations, as Henry said, ones that “we’ll have months to work on rather than days or weeks.”

But it won’t be a statewide legalization. Individual parishes decided to approve sports betting via referendum. As an example, 47 of 64 parishes green-lit daily fantasy sports.

To reach the ballot, legislators must pass a referendum bill by June 1. If approved by voters, Louisiana then implements language for a bill in 2021. Finally, a revenue bill with tax rates and fees must pass the legislature by a two-thirds supermajority and receive governor approval.

The other two proposed bills also aim to get in front of voters and include regulatory language for legal sports betting at 15 riverboat casinosone land-based casinos in New Orleans and four racetracks. Both proposals limit online wagering to casino properties.

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A Look At Unemployment Options For Casino Workers In NV, NJ & MS

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The coronavirus pandemic has crippled the workforce around the globe, and the US gaming industry is no exception.

According to statistics from the Department of Labor, roughly 6.65 million people nationwide have filed for unemployment. With thousands of casino employees suddenly out of work, it’s essential to know the unemployment options that are out there.

With all 465 commercial casinos in the US temporarily closed, gaming markets in the eastern, southern and western parts of the country are highly vulnerable due to the number of people they employ.

In Mississippi, Nevada and New Jersey, the pandemic has affected more than 251,000 gaming employees and 268 casinos:

  • Mississippi: 19,000 workers, 26 casinos
  • New Jersey: 26,000 workers, 23 casinos
  • Nevada: 206,000 workers, 219 casinos

General unemployment application process information

When filing for unemployment, you will need to provide basic information, no matter which state you call home.

First, you might be wondering if you qualify for unemployment. Simply, if your job in the gaming industry was affected by the coronavirus pandemic in any way, shape or form, you are eligible.

However, how much you are eligible for and how long those benefits will last are different questions. Those answers will vary state by state, depending on several factors. So, whether you were a full- or part-time worker, and when and for how long you were employed.

You might need to provide the following information to begin the unemployment process in any state:

  • Valid email
  • State ID or driver’s license
  • Name of employer or company
  • Hire date and last day of work
  • Reason for unemployment

Some state employment departments might ask for additional information.

Unemployment info for Mississippi casino workers

As of writing, at least 31,000 residents in Mississippi have filed for unemployment, with a bulk of applicants coming from the casino gaming industry.

Those in the gaming world who are out of work and looking to file for unemployment should visit the MS Department of Employment Security website to begin the process.

Website: MDES.gov

Applicants will need to share a few bits of general information, which includes their current address, date of birth and Social Security number.

Residents are also encouraged to be patient; there is a high volume of filings in MS and across the US.

Unemployment info for New Jersey casino workers

More than 371,000 people have filed for unemployment in New Jersey, with at least 26,000 coming from the casino industry. According to NorthJersey.com, the state is asking applicants to visit the website at a specific time, depending on the last four digits of their Social Security number.

Website: MyUnemployment.NJ.gov

Applicants should have all their relevant information ready.

Unemployment info for Nevada casino workers

The gaming industry in Nevada was perhaps hit the hardest. Laid off or furloughed workers in the Silver State should head to the Nevada Department of Employment, Training and Rehabilitation (DETR) website to get started.

Website: DETR.NV.gov

Due to the high volume of claims, the DETR is reportedly increasing its staff to provide assistance better.

“We greatly empathize and apologize for the volume and are hoping the increase in hours, staffing, technology support, the webform and other vehicles under (the) process that the issue will be mitigated,” said Tiffany Tyler-Garner, director of the DETR.

Major casino closures could extend into May, so the sooner you file, the better. In times such as these, it’s hard to remain optimistic. But the world will come around and, along with it, the gaming industry.

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Categories: Gambling News

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Online Sports Betting – Weigh Your Options

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There are two kinds of sports enthusiasts; those who go out there and actively participate in sports. Others sit in front of their television sets and get their dose of action. But somewhere in between on the blurry line stand sports lovers who make it their business to profit through their understanding and knowledge of a certain sport. After all, every sports fan thinks he can do a better job than his favorite team's captain or marshal his resources better than the coach. So why not prove it and make some bucks through Online Sports Betting?

But like any sports action full of thrills and edge of the seat excitement isn't for a week hearted fan, Online Sports Betting isn't for faint hearted either. You might think you know best about your favorite sport, but things might not go your way on a given day. Like on sports field when overwhelming favorites get knocked out. So always weigh your options carefully before placing your bets and remember false bravado won't get you anywhere.

If you are in America, you'd probably want to bet on your favorite sports like Basketball, American Football etc. The basic principles for online betting, be it American Basketball Betting or American Football Betting, remain the same. Your job is to beat the oddsmaker and make some money, while in the process you can have some fun as well.

There are different types of bets you can make and there are variations of these available with several online betting companies. It's important to specify the kind of bet you are placing, which might be tricky for a starter.

Here are different kinds of bets you can make with bookmakers:

  • Straight bet where you bet on the winner at odds that are already given. It's often termed as single bet as well.
  • A point spread bet makes things even more interesting and can either work in your favor or go against you. The favorite has to beat the underdog with certain number of points or goals according to your bet. Even if your teams wins but does not beat the other team by sufficient margin, you won't be making any money.
  • The Moneyline bets work exactly the opposite of point spread method, and can take some getting used to. It's best to leave such bets till you get a hang of the system.
  • The total bet is placed on number of points or goals scored in the match, depending on what sport it is. It has nothing to do with the winner or loser, and can even out your chances.
  • An accumulator bet is when you pick your winners in more than one game. The winnings of your first game are parlayed onto the next one for further profits. However it's imperative that you win the first game else it's only considered as a single bet.
  • You can make bets for future games too. Some bets are open at the beginning of the season and you can pick your early winners.

Sports betting online isn't as complicated as you think and can be a lot of fun.

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Source by William Abbott

Categories: Sports Betting

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VIP Betting Services – Online Options For VIP Sports Betting Services

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VIP betting services are the way to go if you have an interest in online gambling. There are lots of people out there just like you who are fanatical about sports and wagers. Sporting events are great on their own, but there is nothing quite like the thrill of winning a big jackpot off a bet after a major game. It does not matter what sports you follow, there are great gambling services on the web that will meet your needs. You might love football or baseball, or maybe hockey does it for you. Perhaps you want to bet big on Nascar, or you have a hunch that your favorite heavyweight is going to take the boxing crown. Whatever sport you are passionate about, there is a betting company that accepts wagers from fans just like you.

The options for online VIP sports betting are quite enticing. There are tons of sites out there that let you register and make wagers on all your favorite sports. Regular status on most of these sites allows you to make bets and observe the basic statistics and odds offered for any given event. However, there are sportsbook services that offer much more for preferred members with VIP status. Many programs offer special perks to customers who play on a regular basis or high rollers who want to bet big. VIP players can accumulate reward points on most wagers, and then they get to cash them in later for all sorts of prizes. Various giveaways are also held on a regular basis, so you could win a sweepstakes just for being a VIP member of some sites. 

 

If you are really into online gambling and sports, then VIP betting services are for you. Many programs make it easier for preferred members to deposit funds for betting, and earn bonus points on wagers that regular members cannot get. Signup bonuses are common as well. A VIP program is generally designed to support the biggest players on each site. You get rewarded with immediate customer service, friendly support lines, comprehensive statistics and odds information, and simple payout options. 

 

Anyone who is serious about making money online by gambling on sports events should consider VIP betting services. It makes everything easier and separates you from the pack. Enjoy the rush that you get when you win a big payout after a bet. Start pulling in big earnings on your VIP wagers today. Look for places to sign up and start playing the odds.

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Source by Joshua Pimjar

Categories: Sports Betting

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