A sportsbook was traditionally called a "racing sportsbook" as horse racing was one of the first sports where gambling and wagering bets originated.
Today, however, there is a myriad of different sports that players can bet against. From football to soccer, the NBA, golf, and even political elections, you can place wagers on just about any major televised event.
One of the great things about sports betting is that it's not quite as random as traditional casino games.
One of the great things about sports betting is that it's not quite as random as traditional casino games. Your ability to win money on your deposit is directly correlated with how well you know the sports team and players. While some bet on a team that they believe in, others make calculated bets and hope that the odds are in their favor.
Today, we're going to talk a bit about sports betting sites and give you a breakdown of what sports you can bet on, the legality of sports betting, live betting, and the best way to place your wager on an open game.
Sports Betting Online
Sports betting online is no different than traditional in-person betting. If you've ever been to a Las Vegas casino, then you've probably seen their sportsbook section. It's typically separated from the other games (poker, slots, etc.) and has a lot of TVs on the wall so that you can keep up with all of the latest horse races, hockey games, or whatever else is being played.
The main difference between sportsbook betting in a large Vegas casino and placing your wager online is that you'll be able to place bets on a larger spread of games. Casinos usually stick to one or two big sporting events, whereas online sportsbook sites allow you to bet on pretty much any game anywhere in the world.
This means that you could be sitting in your New York apartment and be betting on a German soccer game. Conversely, a Canadian could be holed in for the winter and bet on American basketball games. The internet has vastly opened the door when it comes to online sports betting and has created loopholes that allow just about anybody to play the odds to win.
Popular Sports to Bet On
As we mentioned, you can bet on just about anything- even political debates and elections! However, that's a topic for another day. Today, we're focused on sports wagers. Here are some of the top sportsbook wagers that you can place!
· Horse Racing
Although some view horse racing as a bit "outdated," it is the original gambling sport. There's something about the excitement of seeing your favorite horse catch up and pass the lead, making its way to winning position and putting a fat chunk of cash in your pocket.
· College Basketball and Football
Unlike professional sports which often feature the same players year after year, college basketball and football have more randomness to them. Since the players are constantly rotating in and out of the team, college sports tend to be a bit more exciting than your average NBA game or golf tournament.
Soccer is played in just about every country in the world, which makes it a great sport to place a wager on. Placing a wager on a soccer game is often a matter of principle and many fans view gambling on their favorite team as a near-religious activity.
· Basketball (NBA) and Football (NFL)
Professional basketball and football are two of the biggest televised events in the U.S. Since pretty much anybody can watch these games at their local sports pub or online, they tend to be the most popular wagers placed by American gamblers.
Since many of these professional teams perform more consistently, many players also view placing wagers on a professional team as a "safer" investment. That being said, there is always randomness, no matter what the team's history. Always do your research and don't place blind wagers hoping that the odds will be in your favor.
Is Sports Betting Legal?
In the U.S. sports betting is only legal in states that have legalized regulated gambling. Online sports betting is a different story, though. Although it's illegal for an online sportsbook to collect money in the U.S., these sportsbook companies are able to profit by routing your wagers through a third-party payment processor located in a legal gambling country.
Since they technically aren't receiving cash directly from your account, they remain legal.
As a gambler, placing bets at an online casino is 100% legal as long as they're routing your funds properly.
Placing Wagers on A Game
In order to place a wager on a new game, you'll need to create a free account with the gambling site. Once your account is created and verified, you'll be able to scroll through a daily list of sporting events that you'll be able to place a bet on.
There will also be a list of live sports that you can bet on as the game progresses. This provides gamblers with a fun way to "up the ante" and get involved in a more engaging betting process.
Bitcoin Bets Vs. Fiat Money Bets
You'll typically be able to place your bets using either Bitcoin or traditional fiat money. Although fiat money is faster, sending money through Bitcoin is a great way to avoid tracking and ensure that your funds are more secure.