To Sports Betting

PHOENIX (AP) — Arizonans would be allowed to bet on professional and college sports at tribal casinos and at sites owned by pro sports teams under a proposal that is part of an update to the state’s deal that allows Native American tribes to run casinos.

1. Best Online Betting Sports
2. Keys To Sports Betting
3. Draft Kings Sports Books
4. Tips To Sports Betting
5. California To Legalize Sports Betting
6. How To Sports Betting

The wide-ranging proposal introduced in the Arizona House on Monday would also allow bets to be placed online, fantasy sports wagering, and add limited Keno games at off-track betting locations and social clubs like the American Legion.

The proposal introduced by Republican Rep. Jeff Weninger of Chandler has been anticipated since GOP Gov. Doug Ducey announced “an opportunity for a modernized gaming compact that will bring in more revenue for our tribal nations and our state budget,” in his State of the State address last month. Ducey has been working on a new deal with tribes for several years, hoping it can boost state revenue by allowing gambling outside of tribal-run casinos.

That’s just what the deal does, Weninger said Tuesday, although the anticipated revenue hasn’t been released.

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“With that comes tax revenue without raising taxes, and allows us to keep our tax rates low,” Weninger said in an interview.

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The biggest part of the plan would allow pro sports teams like the Phoenix Coyotes, Arizona Diamondbacks and Arizona Cardinals run sports betting operations at their respective venues, at a retail location within a quarter mile and online. There would be 10 licenses awarded to sports, which could include professional golf and even NASCAR, Weninger said.

Tribes would also get 10 licenses and could run sports books at two dozen tribal casinos in the state.

The tribes, which have fiercely protected their exclusive right to most gambling in the state under the gaming compact approved by the state’s voters in 2002, get the right to build some new casinos under an updated deal. And in a big win, they would also be allowed to greatly expand their exclusive gambling offerings, adding games like Baccarat and craps to existing offerings of slot machines, blackjack and poker.

And there are options for online gambling as well, allowing growing online gambling sites like Draft Kings to piggyback on the licenses.

Fantasy sports gambling also is embraced by Weninger’s proposal. The state would allow any company that meets it standards to run fantasy sports gambling operations.

Both the legislation and a 20-year extension of the state’s gaming compact with tribes must be adopted for either to go into effect.

Getchen Conger, Ducey’s deputy chief of staff, said the deal will help tribes and pro sport teams that have struggled during the coronavirus pandemic. And the plan is certain to boost state revenue, but it will take some time for the amount to become clear, especially revenue from gambling on sporting events.

“This is the million-dollar question,” Conger said. “It really depends on what the uptake is on the event wagering.”

The state gets a cut of the gambling profit, which will go to the general fund. Money from tribal gaming goes to special state accounts and local governments. In the fiscal year that ended on June 30, 2020, tribes brought in nearly $2 billion in gambling revenue and the state received $102 million, according to a Department of Gaming report, while cities received $13 million.

The statement I’m about to make will most certainly shock any sports bettor who reads it. While most of us are under the impression that everyone betting sports wins long term, so long as they bet often enough, this isn’t actually true.

Wait you’re not surprised? Of course you’re not! Everyone knows the bookmaker has an advantage so more times than not sports bettors lose. However, what if there was a way that the rolls could be reversed; what if the sports bettor always had the advantage?

This is in fact possible.

Have you ever heard the term advantage player? This is a label gambling companies assign to players who only bet when the odds are in their favor.

Best Online Betting Sports

Even though “on average” bookmakers have a 4.55% advantage on straight bets (2.38% @ -105), the key word is “average”; advantage players find bets where the bookmaker’s advantage is negative. Whether your goal is to be a sports betting pro, or just earn a little money on the side, the first step to winning is to stop making –EV bets.

If you understand what expected value, -EV, and +EV mean, go ahead and skip down to our advice on finding +EV bets. If you’re not familiar with this concept continue reading.

Expected Value (EV) Explained

Expected value is a term professional gamblers use on a regular basis. To explain what it means in simple terms I’ll use an example. Let’s say me and you decided to have a coin flipping contest. We flip coins and you give me $1 for each outcome of heads; I give you $1 for each outcome of tails. We could flip coins for all eternity and neither of us will ever have an advantage because on average half the time we lose $1 half the time we win $1. While there will be swings back and forth, as long as we flip the coin enough times eventually we’ll both break even. This particular bet has neutral expected value.

Keys To Sports Betting

Now let’s say I’m tired of flipping coins, and want to quit, but while begging me to stay you offer me a better deal. This new deal pays me $1.10 for every heads, and I still pay you $1.00 for every tails. What happens now is half the time I win $1.10 and half the time I lose $1.00. If we flip 100 times I should average 50 wins of $1.10 ($55) and 50 losses of $1 ($50). Every flip of the coin I have a positive expectation (+EV) of 5 cents. As the one offering me this proposition you have the opposite, every flip of the coin is 5 cents –EV for you.

Every wager made in sports betting has either a positive expected value (+EV), negative expectation value (-EV) or in rare cases neutral expected value. Winning sports betting requires avoiding –EV and finding +EV bets.

Finding +EV Sports Bets

The reasons most sports bettors don’t spend time learning the tricks of advantage players is it’s slightly time consuming, most have no leads how to do it, are overwhelmed or when they do learn it’s not actually fun. If you’re looking for something fun we suggest paint balling, a trip to the amusement park, circus or what have you. If you’re looking to actually make money then you’ll need to know how to find +EV bets.

At TheSportsGeek.com we have several articles on this topic you’ll want to read:

Teaser Betting Strategy – This is perhaps the easiest method a sports bettor can use to find bets with a positive advantage. When you also read our article on the current betting market, you’ll realize just before game time the lines are efficient. Teasers are based off the current betting lines, so no longer do you need to go do any deep analysis to find out whether as straight bet is +EV. Here find spots where teasers increase the win rate by enough and you’ll have a +EV bet. This is all described in our article on teaser betting strategy.

Prop Betting Strategy – Prop bets are generally considered the easiest wagering opportunity for sports bettors to beat. In our article on prop betting strategy I give a full break down of the prop bet “which team will score first”. After reading that article you’ll have enough information to start finding +EV bets on this specific prop. In time, as you get experience you’ll be able to solve other prop bet on your own and then beat them using as similar method to the one I show in the example.

Must Read Sports Betting Books

If you’re new to advantage betting some books that will help you greatly with the basics are:

1) Sharp Sports Betting by Stanford Wong

2) Weighing the Odds in Sports Betting by King Yao

Once you’re much more experienced and ready to take things to the next level then I strongly Conquering Risk: Attacking Vegas and Wall Street by Elihu D. Feustel. This is a book for advanced sports bettors and not a good read for anyone not already winning. It is heavily math, statistic and handicapping intensive. If you eventually decided on a career as an advantage player at some point down the road you’ll want to work to understand what Elihu D. Feustel shares in this book.

Draft Kings Sports Books

No matter what methods you use to find +EV bets, the information contained in our article on finding maximum value is a must read. Next, if you’re thinking about purchasing picks, read our article on winning without a tout. In that article you’ll also find some information on getting free picks. Use that with the earlier mention getting max value article, and shopping the market and you’ll likely be turning an easy, yet slightly time consuming profit.

With this out of the way let me now cover the easiest way to get your bankroll started: “Bonus Whoring”.

A Free Lunch in Sports Betting

If you’ve heard the saying there is no such thing as a free lunch, well think again. Here are some bonuses that sports betting sites offer to players making their first deposit:

At the time of writing this Bookmaker is offering a massive holiday bonus of 25% up to $2,500 sports + 175% up to $1,000 poker + 100% up to $250 casino. If you don’t have an account, visit Bookmaker and register using Bonus Code THEGEEK on the sign up field. After logging in, head to the cashier where the available “deposit bonus codes” will be listed. Use this code and you’ll now have the added advantage of massive free play bonus.

Bovada offers 10% cash bonus on bettor’s first deposit. The best thing about this bonus is it is instant and it’s cash (as opposed to free play). Also no crazy strings such as rollover, hold period etc, simply roll your initial deposit and 10% bonus over a single time and it is free and clear your own money to keep.

Here you can get up to $1,000 in free bonus money. Getting the max bonus is a multi step process. First sign up, and be sure to leave the Promotion Code field empty. Next follow the steps on our BetOnline Bonus page to negotiate a massive bonus with their live support.

Tips To Sports Betting

When you combine +EV bets with free bonus cash, winning at sports betting is a cinch. The only piece of the puzzle you have left is protecting and growing your bankroll. Our best advice here, never wager more than a few percent of what you have on hand on a single game.

Once you have this all down, while it takes other sports bettors a lot of luck to win, the opposite is true for you. A bookie beating an advantage player who uses responsible bet sizing, keeps his composure during downswings while making only +EV bets, is quite difficult. Follow this and the only ways you lose is horrible bad luck!

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Once again don’t forget to take advantage of the bonus at www.Bovada.lv!

How To Sports Betting

We wish you the best of luck and know soon enough you’ll be shacking your head confused the same at us, whenever you hear the statement “most sports bettors lose” and clearly you won’t be on of them.

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