Sports Betting 101 – How to Get Started in the New World of Casino Sports Betting
Sports Betting 101 – How to Get
Started in the New World of Casino
Sports Betting
The gambling industry’s eyes will be on the Super Bowl this weekend when betting
on sports is expected to soar. The American Gaming Association estimates wagers
will reach $16 billion, the most ever for a single sporting event casino online malaysia. The NFL
championship game between the Kansas City Chiefs and Philadelphia Eagles is
expected to be particularly popular. With a market projected to hit 94 billion dollars
by 2024, gambling leaders like DraftKings owner FanDuel (PDYPF), MGM Resorts
(MGM), Caesars (CZR) and Wynn (WYNN) are all vying for a piece of the pie. To do
so, they’re spending a healthy amount on splashy advertising campaigns. It’s hard
to miss Jamie Foxx pitching MGM, Kevin Hart touting DraftKings and the Manning
family hawking Caesars on television during commercial breaks of NFL games.
The industry is now open for business in states that have legalized sports betting https://www.168mmc.com/my/en-us/,
following the U.S. Supreme Court’s reversal of the Professional and Amateur Sports
Protection Act in 2018. New Jersey led the charge, with its casinos quickly opening
sportsbooks to take bets. Rhode Island followed six months later, allowing sports
wagering at two casinos before online betting kicked off. Arizona also opened a
sportsbook, with betting only on in-state pro and collegiate teams.
Despite the plethora of options, sports betting still has some barriers to overcome.
The complexities of the rules, data and technology are a challenge for operators.
Also, state regulators have to establish clear guidelines and oversee the process. In
addition, there are concerns about consumer fraud, especially in a mobile
environment where people can bet on multiple events at once.
To avoid such issues, experts recommend using a sportsbook with a high degree of
integrity. They recommend researching each one to make sure they treat customers
fairly, have adequate security measures in place to protect personal information and
expeditiously pay winnings upon request. Also, beware of sites that require a credit
card number up front. It’s never safe to give such information to a site you haven’t
thoroughly vetted.
Finally, it’s always best to limit your wagers to the sports you know and follow
closely. It’s easy to get caught up in the excitement of the sport and lose your
money, so start with small bets and work your way up. Most importantly, never
gamble with money you need for bills. Keeping the lights on and your water running
is much more important than making a few bucks.