If you’re a serious sports better, you probably know that knowing the odds and understanding the implied probability of events is essential. By placing wagers on outcomes that are more likely than the odds presented by the sportsbook, you increase the value of your bets and your chances of winning. Sportsbooks calculate implied probability by converting betting odds into percentages.
Legalized sports betting in Ohio
Legalized sports betting in Ohio may seem like an unlikely idea, but it’s actually the latest state to legalize sports wagering. The state passed SB 176 in December, and now up to 40 sportsbooks are allowed to operate in the state. If you live in Ohio, you can also place wagers on games on the go with mobile sports betting apps.
The bill aims to tax the net revenues from sports betting at 10%. Ninety-eight percent of that will be invested in state public and private schools, and the remaining two percent will go toward problem gambling assistance. It also provides for the collection of application fees, which are expected to generate millions of dollars for the state.
Arizona
If you are planning to bet on a sporting event in Arizona, you should know that sports betting is legal here. You can receive multiple sign-up bonuses from a sportsbook in Arizona, including free bets and deposit bonuses. However, you should be aware that gambling in Arizona is regulated by the state government.
To open an account with an Arizona sportsbook, you should visit their website or download their app on your mobile device. Once installed, you need to provide certain personal information. For instance, you may need to provide your social security number (last four digits are required) and your address and contact details. You can then place your first wager in an Arizona sportsbook and get your stake back if it loses.
Kansas
If you’re looking to bet on a particular sport, look for a Kansas sportsbook that offers a variety of bets. Some Kansas sportsbooks offer the same kinds of bets as others, but others will offer more exotic types of wagers such as futures and prop bets. Some Kansas sportsbooks also offer markets for international events.
As of September 2018, Kansas’ sportsbook legislation allows for retail sports betting at four casinos in the state. This legislation also allows for the licensing of up to three online sports betting operators. Additionally, up to 50 additional locations may also partner with a sportsbook to offer their services to players. In addition to in-person betting, Kansas sports betting will soon be available through apps. These apps will be available in time for the 2022-2023 NFL season.
Massachusetts
If you’re a sports bettor in Massachusetts, you’ll want to make sure to find a sportsbook with a legal presence. There are many different types of bets to choose from. Common ones include moneylines, Over/Unders, point spreads, parlays, teasers, futures, and live betting. You’ll also want to look for bonus offers. A Massachusetts sportsbook will likely offer a better welcome bonus if you use cryptocurrency, such as Bitcoin or Litecoin.
Fortunately, the state’s legislature has made it legal to wager on sports events. A bill to legalize sports betting in Massachusetts was passed during the 2022 legislative session, and Governor Charlie Baker signed it into law on Aug. 10. The bill was initially passed by a large margin, but got bogged down in the Senate due to budget concerns. A late-night compromise was reached, and the bill passed on Aug. 1 – just in time to meet Gov. Baker’s 10 day deadline.
