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The opening weekend for legal online sports betting in Michigan saw many bonus offer redemptions, a few technical glitches and at least a couple $100,000-plus losing bets. Online sports betting. Winabettips offers 100% sure VIP betting tips for today, sure tips 100 for today, tomorrow and on weekend. We provide daily accurate betting tips and predictions, free tips bet of the day and 100% guaranteed betting tips. Get the best bet tips to win of the day with fixed matches today 100 sure. Find NFL odds, point spreads, and betting lines for the 2020-2021 football season. Visit FOXSports.com for this week's top action! Making money betting on sports can be tough, but there are a lot of sports bettors who consistently win, and there are even a lot of professional bettors who make a good living off of sports betting. On this page you will find sports betting strategy and tips to help you become one of the winning bettors.
NEW YORK - After two years of online sports betting, New Jersey has seen month after month of record-setting revenues with gamblers wagering more than $931 million on sports last November alone. Now, Governor Andrew Cuomo is hoping to keep some of those dollars here in New York with legislation to authorize online sports gambling.
If you want to consistently win at sports betting, you’re also usually better off sticking to one or two sports maximum so you can study them in detail. This gives you a better chance to gain an edge over the bookmakers and make some money. The deeper, more specialised knowledge will work to.
What You Need To Know
- Governor Cuomo says legal online sports gambling in New York would keep revenue in the state
- New Jersey gamblers spent 931 million dollars on sports wagers in November setting a record for the industry
- Attorney Daniel Wallach warns that Cuomo's plan could invite problems down the line
'We propose state-sponsored mobile sports betting to raise additional revenue' said Cuomo during his State of the State address Monday.
He went on to release a statement saying 'by legalizing online sports betting, we aim to keep millions of dollars in revenue here at home, which will only strengthen our ability to rebuild from the COVID-19 crisis.'
Some say New York is well poised to become the top market in the game.
'By most conservative projections, we're talking about at least one billion dollars of wagers being made every month, maybe more,' said attorney Daniel Wallach of Wallach Legal, a law firm focusing on the growing sports wagering industry.
Wallach says the governor's plan to award a single operator the right to launch online sports betting is different from New Jersey and could bring in big money for New York.
'A competitive bidding situation would lead these companies to basically one up each other and provide the highest possible revenue share for the state' said Wallach.
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But he warns that the plan could invite problems down the line.
'It does come at the expense of consumer choice, competition, fairness, and it raises the stakes considerably on a legal challenge to the entire system,' said Wallach.
The governor says the state is facing a $15 billion budget shortfall and that online sports gambling can help close the gap.
Understanding the different types of betting options is crucial when you’re getting a start as a first-time sports bettor.
The Point Spread: Betting the spread
For those new to sports betting, the point spread is the simplest, most straightforward approach to placing wagers.
Sports books set a predetermined margin of points on a game and a team must win – or not lose – by that set number. That’s why you’ll often hear people say the team won, but they “didn’t cover the spread” so their bet still came up short.
It’s not a matter of a team winning or losing like in a moneyline bet.
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The favorite must win by more than the point spread.For an underdog: The underdog must outright win OR lose by fewer than the point spread.Sports books aren’t in the business of predicting who will win or lose games. Their goal is setting a pre-game point spread with the intention to generate an equal amount of betting action/volume on both sides of the ledger – as much total money being bet on the favorite as on the underdog.
The vast majority of point spread wagers are made on football and basketball because of the proliferation of points that are scored in comparison to sports like baseball and hockey, where 1-0 or 2-1 games aren’t that out of the question or out of the norm. There’s one every night.
For example, the New England Patriots are playing the New York Jets and New England is a 9½-point favorite. Bettors typically have to spend $110 or so to win $100 with sports books, known as “the house edge/advantage.” With a point spread bet, simply having a team win the game isn’t the key. The critical factor to betting a point spread is how much a team wins or loses by. If a wager is placed on New England – “laying” the 9½ points – the Patriots need to win the game by 10 or more points for that bet to pay off. If New England wins 28-20, those betting on the Jets plus 9½ points (points added to their final total) win the bet.
The same general rules apply for basketball and are quite easy to follow because of the inherent simplicity of the bet. When it comes to betting sports like baseball and hockey, the standard bets are made on the “money line” – an established number for both teams to win the game outright.
What makes point spread bets attractive are the fluid nature of each game – it’s a reality show that, when done right, is inexplicable. Games change on one play and momentum is a thing. But, when it comes to point spread betting, you know where you stand at every moment.
For those just starting out, the simplest form of gambling is betting the spread because it’s the easiest to explain and understand, which explains why it is the most popular form of sports wagering.