Tag: Profitable

Colorado Sports Betting Enjoys Profitable First Month

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As summer draws nearer, major sports are putting into place plans to return to action.

The NBA is ready to resume play July 31 in OrlandoFlorida. While still needing final approval for it, the NHL appears to have the intention to get players back on the ice around the same time.

Golf is back, while NASCAR and UFC are well underway.

In what would normally be a down time of the calendar year, summer 2020 holds the potential to be significant for legalized sports betting.

On to the Rewind:

Colorado sports betting starts hot in first month

When Colorado sports betting went live May 1, many expected a slow start. After all, the world was in the middle of the coronavirus pandemic, sidelining most sports and closing casinos and retail sportsbooks.

Regardless, online books launched in the Centennial State. And the result is an opening month that is nothing to scoff at.

With six operators live in May, legal wagering in Colorado totaled $25.5 million in handle with an official release from regulators expected June 15.

Several major players helped kick off the state’s regulated industry:

  • BetMGM
  • BetMonarch
  • BetRivers
  • DraftKings Sportsbook
  • FanDuel Sportsbook
  • Fox Bet

While paling in comparison with the likes of New Jersey and Pennsylvania, Colorado’s first month is not at all terrible. As Legal Sports Report noted, Oregon reported $7.3 million in handle during May, though it only features one online operator.

Still, Colorado enjoyed a solid first step, as semi-major events such as The Match 2, UFC, NASCAR, Bundesliga and Korean baseball carried the load.

Certainly, Colorado, as well as other states with legal sports betting, will benefit from the return of major sports. The NBA plans on returning July 31, and the NHL is closing in on a resuming play around the same time.

Is online sports betting on the way in Illinois?

Like many states without legal online gambling offerings, the gaming industry in Illinois has suffered amid the pandemic.

The Land of Lincoln already had plans to integrate online betting, which we expected by 2021. However, Gov. J.B. Pritzker recently issued an executive order that struck down the state’s requirement for in-person registration for mobile wagering.

This means that once operators are approved to operate online, those interested in betting via a mobile device can sign up from the comfort of their own homes.

The state requires in-person registration until the Illinois Gaming Board issues the first of three standalone online-only licenses, which, according to law, cannot be issued until 540 days after brick-and-mortar sportsbooks opened April 9. Pritzker’s latest order does not void the in-person requirement but rather suspends its enforcement.

That said, Illinois does not feature any operators licensed to operate online. Naturally, then, many wonder if Pritzker’s order will expire before the first mobile products go live. In this case, in-person registration returns as a requirement.

Regardless, the governor’s latest move could entice stakeholders to accelerate their negotiations to enter the Illinois online market, thus creating a more aggressive timeline for launching online products.

Potentially, if all things go right, Illinois could begin recouping lost revenue by launching the first legal online sportsbooks.

Welcome back, Las Vegas casinos

At long last, following weeks of closure, casinos in Nevada began reopening on June 4. By sunrise, the Vegas Strip was back open for business.

As a result, the first casinos in the mecca of American gambling made their reintroduction.

The likes of Caesars Palace, the Flamingo, the Cosmopolitan, BellagioMGM Grand and New York-New York, among others, welcomed enthusiastic guests.

The state requires all casino employees to wear protective masks while only recommending the attire for patrons. Many properties conducted temperature checks before admitting guests while also supplying touch-free sanitizing stations and even providing single-use masks.

Even with socially distant slots and limited seating at table games, Vegas made its return and seemingly started its way back to normalcy.

What matters is this becomes another sign that we are closer to reaching the end of the tunnel.

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Why Soccer (Football) Live Betting is Such a Profitable Business

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Sports betting is increasingly becoming an emerging online business. Billions of $$$ are wagered on every match day. Live telecast of matches further intensify the excitement.

Bookmakers’ statistics revealed that soccer betting is the most popular among sports betting. Soccer is the most watched, most played and the highest grossing sport on the planet.

Why Soccer Is The King Of All Sports

Soccer is the King of all sports because it is a simple game so easily understood.

It is No. 1 because it is a sport that can stir up so much passion.

Each game is loaded with suspense… fantastic or reckless finishes, players pushing their human bodies to the limit or playing like zombies. This cocktail of emotions can be experienced in every match – the sickening feeling in the stomach, the anger, the joy, the elation. Its pure entertainment, and it makes the adrenaline flows faster and more intense.

At its best soccer is considered magic, that is why names like Maradona and Pele resonate across the world.

Soccer carries the largest fan base in the world of sports. More and more games are being televised live which means more games are offered for live betting than in any other sports niche.

The Internet and live telecasting of soccer matches have made soccer live betting immensely popular. (*Live betting is also known as in-running betting, in-play betting, in-game betting and running ball).

There is a wide variety of live bets available for punting such as Asian Handicap betting, full time score, half time score, full time over/under, half time over/under, number of corners full time, number of corners half time, etc.

The Odds Tell A Story

Many savvy punters now recognize the main difference between live bets and normal bets. Before the introduction of live betting, punters used past data and analysis to determine their bets. But with live bets, punters can now know how the match unfolds as the odds tell a story. The movement of the odds is an indication of the performance of the teams playing at that time.

Bookmakers adjust the odds by minutes or even seconds according to the level of play of the teams. So the odds movements tell the “scenario” from the bookmakers’ point of view which cannot be far off.

From the odds changes, the punter must be able to identify the odds indicators on the exact time to bet, and also the time to exit the bet, that is, to cut loss when necessary to limit the financial damage.

The ability to ‘decode the odds and read the game’ is the recipe for live betting success.

Profitable Live Bets On Every Match Day

In every match, there are numerous punting opportunities. There are profitable live bets to be made in the first 20 minutes of play, during the course of the game, and the last 10 minutes of the match. You do not need complex technical analysis to find them and profit from them. The key lies in the ability to identify them and profit from these opportunities.

In card games, if you want to win, you have to win the game. But the beauty of soccer live betting is you can still WIN if you have betted on the losing team.

In live betting, the odds indicators are profit opportunities. But the punter must know how to spot them to take profitable actions. It’s all about timing.

Have A Slice Of The Lucrative Soccer Live Betting Pie

Soccer live betting is absolutely insane right now! There’s never been a better time for punters to get in on the live betting bandwagon and have a slice of the lucrative soccer live betting pie.

Think about how many games are being played on every match day during the soccer season. That’s plenty of games begging for your action.

If you have never engaged in soccer live betting experience, you really don’t know what you have been missing.

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Source by Stanley O

Categories: Sports Betting

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Profitable Sports Betting Principles

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Sports betting isn’t all luck and losing. There are many people out there that make a nice income from placing wagers on sporting events worldwide. Though many people lose a lot of money betting online, you don’t have to be like them. By following a few basic principles you can profit by betting responsibly on sports.

You first want to set yourself a budget for your sports betting venture. This budget, called your bankroll, is an amount of money that won’t affect your living status if completely lost – after all, not everyone can make winning picks. Your bankroll must be separate from all living expenses such as mortgage, rent, utilities bills, etc.

After you have determined your bankroll, you need to decide how much you will be wagering on each bet that you make. The key is to bet the same amount on each game. The amount that you place on each game is your betting unit. To determine your unit, you first must decide how conservative or aggressive you plan to be. The typical amount of unit is five percent, but some people make it 2.5 to 10 percent. This all depends on your bankroll size and your wagering temperament.

Your unit is the key to minimizing your risk while attempting to maximize your profits. The downfall of many sports gamblers is that they are undisciplined and place wagers of multiple sizes. This wagering method isn’t the best strategy because you are losing more money when the big bets lose because of the juice. The smaller bets might either pay for the juice or only some of the juice. This is why some people can have a winning percentage of 57 to 60 percent and still lose. By placing the same amount on each game you minimize your losses. Though you might like one wager a little more than another, you don’t want show that with your money.

When placing your bets, you only want to place three to four bets a day, which should be your strongest plays. Another principle is to never risk more than half of your bankroll at any one time. You always want to provide yourself enough ammo to fight back after a bad day or days of sports wagering.

Before you place your wagers, you must handicap your games. There are handicappers that put 20 to 40+ hours a week researching their picks. There are a multitude of website on the internet to find the stats and news. Besides, the typical sports news sites, sports betting forums are a great resource. These communities allow you to discuss your thoughts and allow other handicappers to provide other insight. There might be a stat or piece of news that you missed during your handicapping. The key to handicapping games is to piece all the information you can find to make an educated decision before placing your wagers.

Not everyone can make winning picks consistently and no one can teach you how to make winning picks. But if you follow these principles and make winning picks, you can be profitable betting football on-line by hitting 57 to 60 percent of your picks.

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Source by Frank Benjamin

Categories: Sports Betting

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