Massachusetts lawmakers are making progress towards legalizing sports betting. The state Senate passed a bill in April 2022, which will pair with the House bill passed last year. It must now survive a conference committee before becoming law. California may also legalize digital wagering by 2024. While there is some debate about the control issue, lawmakers are optimistic that sports betting will bring in $500 million a year. If all goes according to plan, California could legalize sports betting in 2024.
In sports betting, moneyline bets are a simple way to bet on the winner of a game without considering the point spread. The winner must win the game outright, and if a team ties, the moneyline wager will be returned. But the odds are not always right, and you should make sure you know what you are getting into. Below we’ll discuss the pros and cons of moneyline bets.
One of the most common mistakes a person makes when making a moneyline bet is betting on a team that is heavily favored. The moneyline odds are much higher for teams that are heavily favored. However, underdog teams often have better odds than their favored counterparts, so betting on an underdog team could be a good idea. In this case, the underdog team’s chances of winning are high.
A parlay bet is a single bet on multiple games that combines multiple predictions into one wager. Winning one leg of a parlay requires all of the individual predictions to win to make the entire parlay grade as a winner. However, the payouts can be very large, especially if you place three or more bets in one wager. Here are some of the most common types of parlays and how to use them.
Correlated parlays are allowed in the NFL. In 2021, a game between the KC Chiefs and Washington Redskins could have a correlated parlay. In other words, you should bet on the underdog to win in a game between two teams with high scoring differentials. However, you should be aware of the dangers of parlays, including the possibility of losing all of your money.
Over/Under bets in sports gambling are a popular type of bet. When betting on NBA games, for example, you might choose to bet on the combined score of the Rockets and Clippers. Casual bettors are likely to cheer for 3-pointers and dunks, but serious bettors look at key scoring trends and then make their decisions. The key to success with Over/Under bets is to do your research.
One of the best ways to make a winning Over/Under bet is to consider how the score will unfold in overtime. Overtime can dramatically change the outcome of a game and affect the Over/Under bet. Many of the worst bad beats in sports betting history were triggered by overtime. And, of course, overtime can affect any bet. So, it is important to think long and hard about the Over/Under total for any given game.