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Wednesday, November 14, 2007

where can i bet on sports

where can i bet on sports

Where can I bet legally on Sports?
Leaving aside various forms of (animal) racing, there are at least four ways to bet on sports in the US, and of these two are legal, one is illegal, and one is ambiguous. You can bet legally at licensed Nevada Sports Books, and illegally with bookies in virtually every town. Most of the following describes the ins and outs of gambling at sports books. There are two points worth noting here. First, Nevada Sports Books can set up phone accounts, but will not accept wagers across state lines. Second, odds with illegal bookies are often worse than those one can get in Nevada.
Betting with offshore (international) sports books seems to be on the rise, and promises to spread from phone services to internet based online services. From the point of view of bets and odds offered, these books are similar to licensed Nevada Sports Books. The legality of these services is, at best, ambiguous. There are claims and opinions on all sides of the argument, but few legal precedents. In addition, some offshore books are run by old trustworthy firms, some are fly-by-night scams, and many are somewhere in between. Cavaet Bettor.
The last way (and other than in state Nevada betting the only other clearly legal way) to bet on sports in the US is the Oregon Lottery. This was described as follows in a rec.gambling post:
The Oregon lottery is alive and well as far as football betting. The game is called sports action. The line is set by Jim Feist. It is set and printed on Wednesday and does not change. This can work to the bettor's advantage due to changes in team lineups due to injuries and such. The minimum wager is $2.00 and the minimum number of games bet is 3. The payoffs for a three game win is $5.00 per dollar wagered. Four games gets $10.00 per dollar wagered. All other wagers are paid on a paramutual fashion. For example, a seven game winner usually pays around $160 to $350. The maximum number of games that can be bet have a winner. A week or two ago $14,000 carried over in the 14 pool. There are also some games that are called special play games with over/under total score. The line seems to be fairly consistent with the Vegas line on the Wednesday that it is set.
What sports can I bet on? You can bet on any sport the Sports Book you are wagering with covers. At most books, this includes professional and college football and basketball, professional baseball, professional hockey, and horse and dog racing. Every now and then Sports Books will offer proposition bets (see below) on events like professional golf tournaments and the Indy 500 and the like, but not on a regular basis for other events in those sports.




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