Cash sports betting in 2020
We have published https://parimatch.tech/career/ several pages about gambling for "real money". Most of these pages distinguish between the real versions of various casino games and the corresponding free versions of these games. But when we talk about " real money sports betting“, we don't really have” free sports betting" to compare this activity to.
Instead, when people talk about sports betting for real money, they talk about betting significant amounts of cash. Very often they are interested in how to bet on sports online, but some of them are interested in getting some money in action with a bookmaker. In The United States However, sports betting also presents some interesting legal issues.
This page provides a broad overview of how the business works and what sports are most often bet on and how different bids work. Links within the page lead to more detailed pages on specific topics.
Our List of the best sports betting sites for real money in 2020
Sports books and bookmakers
Many people just bet on the outcome of the game with their buddies. If your buddy at work wants to put you 20 dollars that the cowboys win the game on Monday night, then this is the so-called "a simple Bet". This is not exactly the type of sports betting that we are interested in on this page.
When you start putting real (significant) money into an action, you have to find someone who is willing to take the other side of that bet. Fortunately, some people are doing it.
Such people are called” bookmakers“, and the business they do is ” books "or" sports books".
In The United States In the United States, placing such a bet over the phone is illegal due to the wire act. As a result, the only legal business that takes such actions operates in Las Vegas, the state of Nevada. And they don't take any action over the phone or the Internet. You have to go there to place your bets.
But anyone who has spent spend some time in a nearby bar , knowing that many entrepreneurs are willing to circumvent the law to accept your bids. These are the neighborhood bookmakers you see in the movies. Unless and until their business becomes incredibly large, these neighborhood sports books usually run unchecked by law enforcement.
In other, more enlightened countries, such as the United Kingdom , sports betting as a business is legal and regulated. We are fans of this approach. A libertarian in the US believes that citizens should be allowed to spend their money on everything, what they want, even if it includes betting on sporting events.
In addition , when you are dealing with a licensed and regulated business in the industry, you have there are certain protections that are not available when dealing with a neighborhood bookmaker. If you've been reminded of the dangers of "bath gin" and "moonshine" during prohibition, then you know what we mean.
No one suggests that sports betting or drinking alcohol is the best use of your time and/or money. But people are going to bet on sports and / or drink alcohol regardless of the legality. So why not entrust the government with the task of ensuring the safety of its citizens?
Regulated distilleries and Breweries provide a healthy, safe product for consumers to consume. We claim that the sports betting industry was it would be safer for individual players if it was completely legal and regulated throughout the territory. United States States. At the same time, we do not think that the legalization and regulation of sports betting will occupy an important place on the agenda of legislators in the near future.
How Odds work in sports betting
When you place bets at a bookmaker, they need to be sure that they have the opportunity to break even and make a bit of profit while they do so. They can't do that just by taking action Willy-nilly. For example, if the Dallas cowboys play Cleveland The Browns, then all bookmaker customers will place bets on the cowboys. And most of the time they will win.
To get action on both sides of the bet, bookmakers use odds to make both bets attractive. This often happens in the form of bets that pay off for a higher amount the less likely they are to win. We provide an overview of the various coefficient formats below, or you can read more on the next page.
Sports The coefficients Bids Are Explained
American women The coefficients (Moneyline Odds)
In most sports in the United States The terms “American odds "or ” money line odds" are used to make betting attractive. You can usually bet any amount you want (with certain minimums) in these situations, but the odds are represented by the amount of money compared to $ 100.
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If the coefficients start with a minus sign, then this is exactly how much you must bet to win $ 100
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If the odds start with a plus sign, then that's how much you will win if you bet $ 100
Here 's an example. If the cowboys are favorites against the Browns, you can see the following odds::
Cowb