Sports Betting Online

Read more about the various Betting Types

Just in the United States, there are 182 stadiums that can seat at least 30,000 people. These stadiums range from Kidd Brewer Stadium, at 30,000 fans exactly, and home of the Appalachian State Mountaineer, all the way up to Michigan Stadium in Ann Arbor with a capacity of 107,601. It is one of eight stadiums in the U.S. that can seat more than 100,000.

And this is to say nothing of the hundreds of smaller stadiums for soccer and college football, high school football, or indoor arenas for basketball and hockey. Or the 114,000-seat stadium in North Korea, the largest in the world. Or the 100,000 fans that can fit into the Melbourne Cricket Ground. Or the eight football stadiums in Europe that can each hold at least 80,000 fans.

Human beings love sports. We always have. And as fans who love watching sports, being able to place money on sports was always the natural evolution of things.

Sports Betting History

It is quite likely that at some point during the Paleolithic Age, two guys with clubs decided to place a friendly wager on who could get the largest saber tooth tiger, with the winner getting the Cro-Magnon Cup and his picture painted on the wall of the cave.

The first recorded history of a sports wager, however, is from Ancient Greece, the creators of the Olympic Games. From there, sports betting spread to the Roman Empire, where the Romans discovered their love of gambling on gladiators and other “sports” that took place in the Roman Coliseum.

Unlike today, back then, it was usually a good bet to put your money on the lions.

The rest of Europe got in on the act; fighting to the death with swords was replaced by fighting to the near-death with fists, and since everyone had a horse, horse racing became popular.

In the United States, these two sports, boxing and horse racing, can trace their gambling roots back to before the United States was actually a thing. The first horse track in America was built in 1665.

By the 1860s and 1870s, all three legs of the Triple Crown were running, pari-mutuel wagering could be found all across the country, and gambling on sports in America was largely acceptable. Right up until the Black Sox scandal of 1919, in which members of the Chicago White Sox threw the World Series.

From that point, forward sports betting became immoral to a large portion of the population. And each time the legalization of sports betting seemed to be making headway, the government stepped in. Finally, in 2018, the decades-long fight came to an end when the Supreme Court of the United States ruled that each individual state could pass its own sports betting laws, and the federal government could no longer stand in the way.

Thanks to that ruling, sports betting in America today has never been better.

Evolution of Sports Betting Online

As big as the Supreme Court’s decision has been in growing sports betting in the United States, the revolution really began with the invention of the internet. Even where sports betting was legal, prior to the internet, you had to be at a retail sportsbook or on the phone with a bookmaker to place a wager on sports.

The inconvenience of having to travel, and the unreliable nature of calling some guy on the phone to place a clandestine bet, prevented many people from participating in sports betting. But then the internet came to be, and suddenly you could connect to a reputable sports bookmaker from the comfort of your own home.

Then smartphones came to be, and as mobile technology continues to advance, so does the amount of access you have from the device that you always carry with you. Online sports betting evolved from the convenience of being at home to the convenience of betting anywhere and anytime.

With 24-hour access comes the ability to bet on sports taking place in all 24 time zones on Earth. It’s never been easier to fund a sports betting account, withdraw funds, find a sport and bet you like, and even participate in wagering on events as they unfold. 

Types of Online Sports Bets

One of the great things about doing your sports betting online is that not only do you have access to all of the types of bets you can place in person at a retail sportsbook, but there are some types of bets only available online.

The Advantages of Online Sports Betting

Live betting can only be done online, so that is a major advantage of online sports betting. But there really are a number of reasons why online sports betting is making the industry better for both the customers and the sports betting providers.

Online sports betting, and specifically the ongoing legalization of online sports betting, is the primary driver of the massive expansion in the industry that has taken place over the last few years. It is easier than ever to place sports bets, and that is why so many new sportsbooks are coming online. The monetary pie is huge, and everyone wants a piece.

But that also makes the competition for your betting dollar even more intense, and this has become a buyer’s market because of it, with you, the consumer, being the buyer.

Everyone wants you as a customer, and that means everyone is willing to give you free money to sign up. This can come in the form of registration bonuses that are put into your account the moment you sign up, to deposit matching bonuses that give you money when you make your first deposit.

These types of bonuses are only available online.

And speaking of deposits, when placing bets at a retail sportsbook, you can only use cash. When funding your online sports betting account, you can use cash if you’d like, but also a credit or debit card, online bill pay, e-wallet accounts like PayPal and Neteller, prepaid cards, and in some cases even bitcoin.

When betting online, there is, of course, the convenience of being at home, but the number of sports and sports betting options is also larger. And many sportsbooks will offer live streaming options on the events you wager, like European basketball or international soccer.

So not only can you wager from the comfort of your couch, you can then watch the game in which you just bet. You simply will not find that kind of personalization at a retail sportsbook.

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Legality of Sports Betting Online

We can all thank the state of New Jersey for filing the lawsuit that eventually led to the Supreme Court’s ruling that individual states could set their own sports betting laws. And since that ruling came down in May of 2018, many states have, and many others are in the process of doing so.

Chances are that you have legal sports betting in your state, or you will soon. And it is important to know that because each state has its own laws, regulatory bodies, and sports betting tax rates, that you must be within the borders of a particular state to place wagers in that state.

If you are in Colorado, you will not be able to place wagers at an online sportsbook that is operating in New Jersey. But the good news is that many of the sportsbooks operating in New Jersey are also operating in Colorado, and you simply need to go to your state-specific website or download the specific app for your state.

And if your state doesn’t have online sports betting, the other good news is that none of the legal states require that you be a resident. So if you live near the border of a legal state, you’re just a short drive from being able to place legal online sports wagers.

Because not all laws are uniform, be sure to understand the laws in your state before you begin placing sports wagers. Almost all states have set the legal age at 21. But in terms of which college athletics can be wagered, location of college events, and proposition bets involving college athletes, there is some variation.

Sports Betting How To Guide

How Money Line Works?

Moneyline betting is by far the easiest way to place a sports wager. There are no point spreads to parse, no garbage-time free throws to ruin your betting day, and no last-minute meaningless touchdowns to take you from a winner to a loser.

How to Bet Odds

When we, as sports fans, learned our multiplication tables, we aced the number 7. Seven, 14, 21, 28, 35, 42 were easy because we all watched football on the weekends. Multiplication by sevens, then add a three, a six after a missed PAT.

How to Bet on NFL Games

Baseball is America’s pastime, but football is America’s crazed passion, with its weekly schedule of games, millions of television viewers across the country and the world, and the billion-dollar stadiums that serve as Sunday cathedrals in 32 American cities.

What is the Spread?

If you are a golfer or have ever played on a bowling team, think of a point spread like a handicap. It is a way for two teams of differing abilities to play each other on equal footing.  The better team, and the favorite in the game, gives a certain amount …