Table of Contents
Sports Betting Is Becoming a Big-Time Game Changer, Found Here Why More People Are Jumping In
America’s Betting Boom
Since the Supreme Court struck down the federal ban on sports betting in 2018, more Americans have been betting on sports. Sports betting is one of the fastest-growing industries in the U.S. Last year, it was reported that it generated $3 billion in state and local taxes for public education, health care, infrastructure, and more.
The ruling allowed each state to decide if it would be legal for their citizens to bet on sports. Since the ruling, 38 states and the District of Columbia have legalized sports betting, meaning single-game sports betting may be offered to consumers through legal retail or online and mobile sportsbooks.
Different poles have stated slightly different numbers of how many Americans bet on sports, but they are all close. Bonaventure University and the Siena College Research Institute found that in February, 37 percent of Americans said they had placed a bet; that number was 34 percent in 2023 and 28 percent in 2022. The rise of sports betting is due to its legalization and ease.
Like most things in today’s world, the internet has made sports betting easy and convenient. Online sports betting sites like BetUS.com allow people to sign up and place bets almost instantly. They also constantly add new things to bet on and change the NFL odds as bets come in.
Not just anyone can bet on sports, but almost. The only real stipulation is that you must be 18 or older to gamble on sports. The gambling sites are heavy in marketing right now, and you can bet they are trying to figure out how to get more females to use their sites. Four out of five bets placed are by middle-aged men.
So why are so many Americans turning to sports betting?
Sports Betting is Exciting
Most novice sports bettors do it to add excitement to a game they will watch. Placing a small bet on their favorite team or players adds excitement to the game.
Football, be it NFL or college, is the best bet on sport in America for many reasons. First, it is the most watched sport in America, so people would be more inclined to bet on it. Second, people can place multiple bets on a Saturday or Sunday and follow them throughout the day, again adding excitement to something they were going to do anyway.
How to Bet on Sports
Sports betting is legitimate and can be compared to the stock market. Like the stock market, doing your research before putting money into it is always good. To understand this, you first need to understand different types of bets.
Futures: These bets are wagering on players or events with longer-term outcomes. For example, picking a team to win the championship or a player to be the MVP is like buying a stock as an investment and letting it sit. If done right, future bets are usually hedged, meaning bettors place multiple bets and hope one hits.
Single game: Over/under, money line, and point spread are all common ways to bet on a single game. This is a way to bet on the outcomes of a single game. It is more like trading stocks; again, placing multiple bets helps increase your odds of making money.
Prop bets: These are wagers that don’t necessarily involve the outcome of a match. Instead, they usually deal with individual players. They are usually a short-term investment that people tend to add to parlays.
Live betting: This is sometimes called “in-play” or “in-game” betting. It simply means you’re betting on a game while it’s already in progress. This is like high-frequency trading, trying to take advantage of the market in real time.
Parlays: A string of bets must come true where all the individual bets must win for the parlay to win. Parlays are how people turn $10 into $100,000 because the more “legs” (individual bet) a parlay has, the lower the odds of it happening. This is comparable to buying penny stocks and hoping one goes on a huge run.
Get on Board
We are about halfway through the football season, and we have October baseball, making it no better time than now to get on board with sports betting. And there is no better place to do it than BetUS.com. With a bit of research and luck, $20 can turn into a thousand very quickly. Get off the sidelines and get into the game.