In May 2018, the United States Supreme Court struck down the federal law known as PASPA, which had banned wagering on single games. With that ruling, each state now has powers to set rules governing how online sports betting will take place within their jurisdictions. All the same, many gamers wonder whether the ruling entitles them to bet on all types of sports. Will they be liable for legal action by betting on whatever they want? What penalties or punishment will they be exposing themselves to? This article seeks to provide a better understanding of the types of sports betting available at regulated sportsbooks in the USA.
First, it is good to mention the states that fully legalize sports betting. These include:
- New Mexico
- New Jersey
- West Virginia
In the past, you would have attracted the attention of the authorities by engaging in single-bet wagering. Prior to that, all gamers would only be legally allowed to place bets on single games in Nevada. Do this anywhere else and you would be exposing yourself to all manner of problems. Fortunately, last year’s Supreme Court ruling has opened the door to more sports gamers across the country. Because of this, gamers are now free to place bets on the outcomes of various types of sports. This way, you increase your chances of winning by placing bets on sports or single teams and matches that you understand better. You can place this bet in:
- CFL Football
- NASCAR car racing
- Greyhound racing
- League of Legends (LOL) eSports
Money Line Bets
In these types of bets, you don’t have to worry about spreads and handicaps. However, you should choose a team you believe is capable of winning the game outright. Such types of bets usually pit favored teams and underdogs. Choosing a favored team means less odds thus reduced earnings. Underdogs come with huge odds. Such bets are perfect at enticing gamers to go with the underdog in the hope that they will win some good money. Nevertheless, the law now allows you to place such bets with sportsbooks in the United States. What’s more, find creative ways of ensuring that you earn more by backing the favorites to win while also trying many other alternatives that have a sports theme, such as free spins slots at no deposit casinos.
Spread betting is all about handicaps. Here, gamers place bets against the spread. It is mostly applicable when two teams are matched up against each other. One of these teams will be handicapped and the other favored. The favored team is the one that bookies believe is most likely to win. In this case, the favored team will always take points or earn from the outcome of the match. On the other hand, the handicapped side will lose or donate points. Again, the law now permits anyone across the United States to place such bets, but only if they satisfy the requirements for sports betting.
Total or Over/Under Bets
These types of bets are all about the overall score between two teams. Here, you place a bet based on whether you want the total score to be greater than a specific pre-determined number. Alternatively, you may prefer to go with under, which then would mean that you are backing the total score to be lower than a specific pre-determined number. You win if your prediction turns out right. As a rule, you would be better off placing such bets after researching the teams playing, their players, and head-to-head records. Some matchups are guaranteed low numbers.
It’s also worth indicating that proposition bets are legally permissible in the US. Here, your focus would not be on the results of games pitting two teams per se. Instead, the focus of the bets is on specific events that you propose to happen during the course of the match. You cannot come up with your own proposition. Instead, you only have to limit yourself to any of the lines the betting firm already pre-determined. Examples of the types of events that fall in this category include:
- Player X scoring a point or goal
- Team Y will score the first goal
Regulated sportsbooks in the United States also offer gamers a chance to play parlay bets. Here, you place parlays or accumulators (accas). You only win if the two or more wagers you placed go ahead exactly as you predicted. Otherwise, you lose everything. Nevertheless, the amounts involved – in terms of what you can wager – are often negligible to cause you unwarranted stress. That said, the pay is quite good; hence, the reason parlays are proving a major hit with gamers in the US. Small risks and big payouts define the world of these types of bets, which make them extremely popular. Therefore, try your hand on one to see how it goes.