The Basics of Sports Betting

sports betting

Sports betting is big business, so if you like to bet on games, sports books can be a great place to start. However, you should be aware of your rights and responsibilities before you start betting. In the United States, you can only wager on sports that are legal in your state. Some states don’t even allow you to bet on novelty events like the Oscars or political events. There are also many state regulations that prohibit you from betting on wacky props like the Super Bowl.

Legalization of sports betting

Sports betting is a booming industry, and the number of states that have legalized the activity is growing. Major pro sports leagues and franchises, media companies, and Native American casinos are all trying to get involved. One American Gaming Association study estimates that sports betting generates $41.2 billion in economic output. In addition, the industry has generated $650 million in state taxes.


One of the biggest obstacles to sports betting is the illegal nature of the business. However, with regulations in place, it is possible to limit the problem. Sports betting has the potential to generate huge amounts of money for states, especially if it is legalized. One study by Oxford Economics estimates that sports betting could generate a total of $20 billion in new tax revenue. In addition, the new business could create a number of jobs. Moreover, it could bolster existing gambling businesses and increase consumer engagement.


There are a variety of sports betting promotions available. One of the most popular is the payment method bonus, which rewards customers for using a new method of deposit. The bonus is usually up to a set limit, which can vary from one bookmaker to the next.

Over/Under betting

Over/Under sports betting can be an excellent way to get into the action without having to know the game outcome. You just need to look at the schedule and place your bets on games that differ from your expectation. The important thing to remember when betting on over/under is that all games are under until they go over. So, it is wise to start with games that you think are likely to go under. Lastly, be aware of late game fireworks, which can affect your picks.

Futures bets

In sports betting, futures bets are bets on an event that is yet to happen. The odds are typically set before the event takes place, but futures can also be bets on events that are already happening, such as the Super Bowl winner. Futures bets are also called prop bets and proposition bets, and they allow sportsbooks to make special bets on events in the future.