Sports betting is a multi-billion dollar industry, and it’s one that the government is trying to regulate in various ways. There are some states that have a clear stance against it, while others are more lenient and allow the industry to thrive.
Direct Ties to Retail Locations: The majority of states that have launched their own iGaming markets require online bookmakers to hitch their wagons to physical locations, whether it be a local casino or horse track. This is a great way to legitimize sports wagering and give players an extra option for contacting customer service if something goes wrong.
State-Sanctioned Betting Games: The NFL, NBA, and NCAA all have official, regulated betting games for their fans to place bets on. Some of these include pre-game and live wagers, while others are based on futures.
Sundays are by far the biggest day for sports betting, as professional football takes place on that day. In fact, the NFL is the single largest sport in the United States and has an estimated gambling handle of over $1 billion per game!
Baseball is also a popular sport to bet on, with a few notable scandals in the history of the game. For example, in 1919, a bookmaker named Joseph Sullivan paid eight members of the Chicago White Sox around $10,000 each to fix the World Series between the White Sox and Cincinnati Reds.
In baseball, a player can bet on total bases, runs allowed, or hits. He can also bet on whether the first hit of the game will be a home run, a double, or a triple.