Legal sports betting basics in Mississippi
In , the state passed a law permitting the lottery to offer expanded forms of its parlay product. Delaware moved forward after the court decision so quickly that it beat New Jersey — which fought the case that ended PASPA — to opening its sports betting operation. Here are the basics about Delaware sports betting:. Twin River and Dover Downs are merging into a single public company, but the markets they straddle are among the toughest for operators who like Delaware has been involved in gaming and horse racing since colonial times.
Today, all gambling in the state falls under the oversight of the Delaware Lottery. In , the lottery instituted a parlay system for betting on the results of multiple sporting events. The product lasted just one season, but it was enough to earn the state a partial exclusion from the federal ban more than 15 years later.
The state later reinstituted parlay wagering. That federal ban has been fully removed now, and Delaware has expanded into single-game wagering. The first point listed here is an undeniable fact.
Although we don't know the exact numbers, the vast majority of people who wager on sports definitely lose money. It might be easy to learn the basics of sports betting, but learning how to win is MUCH more challenging. This is primarily because of the second point listed here. Bookmakers aren't in business for the fun of it, they're in it to make an overall profit. They have a clear advantage over their customers, as they are the ones who get to set the odds and lines.
They build a commission in to those odds, which means their customers effectively pay a fee every time they place a wager. The bookmakers are also very good at setting the odds and lines in a way that makes them hard to beat. A lot of people assume that a bit of sports knowledge is all they need to win money from betting, but this just simply isn't the case.
It might help them to win a few wagers now and then, or even reasonably frequently, but it's not enough by itself. The bookmakers know their stuff too. The guys setting the odds and lines are often real experts in at least one sport, and they also tend to be excellent with the numbers.
So you need a lot more than just a little sports knowledge to take them on. Although it's important to understand this, don't worry about it too much. It may be that you're not too worried about winning money, and that you're just interested in betting for the fun of it. As long as you're only risking money that you can afford to lose, then it's no different to spending money on any other form of entertainment.
However, try to bear the following point in mind. OK, so this is obviously our opinion rather than a hard fact. It's surely not hard to imagine that sports betting is much more enjoyable when you're winning though.
This is precisely why we encourage people to take their betting seriously and strive to make a profit from it. There's still plenty of fun to be had, with the potential of actually having something tangible to show for it. And even if you only manage to break-even, this at least means that you get your entertainment for no cost at all.
Let's not get ahead of ourselves though. Although it's worth thinking about what you want to get out of betting even as a beginner, the first step is of course to learn the basics. So please take the time to read through our beginner's section as a starting point. This will give you a solid foundation to work from.
Here's a list of what's included, along with a link to the section itself. This article looks at the benefits of sports betting compared to casino gambling and playing poker. It also includes some other reasons for betting on sports. Here we explain exactly how sports betting works. We look at the three main components that make up a sports wager: In this article we explain the process for actually placing a sports wager.
We also detail the different methods available for placing wagers, such as using casino sportsbooks and online betting sites. A proper understanding of odds is absolutely vital. This article explains odds in detail, looking at how they work and the different formats they come in. It helps to know the techniques that bookmakers use to ensure their profits. This article fully explains the advantages they have over their customers.
Value is an important concept in sports betting. Here we explain why, and also discuss the relationship between value and probability. This is a must read article. This selection of fairly simple tips has been compiled specifically to help beginners form good habits from the moment they start betting: All beginners make mistakes when they first start betting on sports.
This is natural, and part of the learning process. This article will help you avoid some of the most basic mistakes though. Many of the words and phrases used in sports betting are entirely self-explanatory. Some are not though. This glossary explains them all, and is a useful reference tool. This is an overview of all the different types of sports wagers. It features brief explanations of each one, with links to additional information where appropriate.
There are a few more articles we've written for beginners too. These are listed below, and each one covers an alternative to traditional sports betting.
You may not have much interest in these, and we don't consider them essential reading. There's definitely some benefit in learning about these alternatives though, especially live betting. This one of the very best ways to wager on sports in our opinion. This involves placing wagers on sports events while they are taking place, as opposed to before they start.
Its great fun, extremely exciting and it offers many excellent opportunities to win money. Exchange betting eliminates the need for bookmakers. Wagers are struck on a peer-to-peer basis, at agreed odds and stakes. This opens up new possibilities, and can be very profitable. This is one of the more complex ways to bet on sports.
Not to be confused with the point spread, it's very risky but comes with the potential for big returns. Daily fantasy sports, or DFS, is not really betting at all. It does involve putting your sports knowledge to the test though, and risking money in exchange for the chance of winning. We strongly recommend using the internet for placing sports wagers. It's the easiest and most convenient option by quite some distance.
It also gives you access to a wide range of betting markets, and consistently competitive odds. Not to mention, there's a plethora of bonuses and rewards to choose from. These can make a notable difference to how much money you make over time. It's important to use the right sites though. The best sites enable you to take full advantage of all the benefits of betting online, while others will just give you a poor experience.
So please think carefully before deciding where to join. Or, even better, just use one of our recommendations. These are all top quality sites that provide a great service. Another big advantage of betting online is that it's easy to compare the odds and lines available at different sites.
Doing this ensures that you get the best possible value for each and every wager you place. There's not always big differences in what's available, but getting even slightly better odds and lines can significantly improve your overall results.
This article features a more detailed explanation of all the benefits of using the internet to place sports wagers. It's a good read if you're still unsure whether or not this is the way to go. Here we offer some advice for picking the right site. Although we make it easy by providing recommendations, this advice is useful if you prefer to do your own research. Bonuses and rewards can provide a welcome boost to a bankroll.
It's important to understand how to take full advantage of them though. This article will help with that. We recommend opening accounts at more than one betting site. There are several reasons why this is the case, as we explain in this article.
This section of our guide is a little more advanced than the previous two. It features several articles covering a range of important topics. Some of these articles are purely informational, while others contain tips and advice. You should be up to date on those. Past statistics come into handicapping, and in some sports, past performances against that team. So, for example, in basketball, they play each other more often than they do in football, so you would use past performances for your handicap.
Handicapping can be as simple or as complicated as you like. People who wager on sports professionally or try will devise their own rating systems and use them to help identify what a line should be. Ever notice someone only rooting for offense or defense, regardless of who has the ball? It's a wager totally independent of the game's outcome spread or ML.
So in that case, and regardless of who wins, they feel that there will be more than 45 points scored, so they would bet 'over' on that. And vice versa, if they felt less points would be scored, they would bet on that.
These scenarios often come down to the final minute of the game. Let's say that the Packers lead late in the game and are trying to kill the clock on offense. Aaron Rodgers hits Davante Adams for a yard reception, Adams runs to the Patriots' yard line and then the Patriots lock down and force the Packers to kick a field goal on fourth down.
Those on the over hold their breath. It's good, the game ends Packers and the total skates past Keep in mind that in addition to a game total, most sportsbooks will offer a separate total for the first quarter, second quarter, first half, third quarter, fourth quarter and for the second half.
You may think the game will start very conservatively. In that case, you might wager "under" in the first quarter or half. Also keep in mind that there are other types of wagers called "props" that look at a variety of player-specific or team-specific events. A popular prop during the NCAA tournament is the first team to score 10, 15 or 20 points. It's just an exciting race to open things up. Now we're getting into "exotics," or types of wagers beyond the traditional kinds.
Teasers and parlays are the two most popular variations. To win your parlay, they would both have to cover those spreads. You can bet more than two teams in a parlay, too; the more teams you pick, the higher the possible payout. For example, a seven-team spread parlay pays out at about But remember -- to win your bet, you have to win all legs of the parlay. So if you nail six Sunday football games, but lose the Monday night game, you can kiss that ticket goodbye. A teaser is similar to a parlay in that you must take two or more teams, and they both have to cover the spread.