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Sports betting is an act of placing your money in a wager that involves a certain sport. The wager could be anything as long as people are betting on it. To be honest, as compared to casino gambling, sports betting has the widest variety of bets that you can place.

As someone who’s still new to the industry, it is imperative that you keep yourself updated with what’s new in the sports betting industry. Here are the reasons why:

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Provides Legality Updates

As residents of the United States, we are all aware of how our country frowns upon sports betting because of the number of crimes that arose because of it. However, the world is changing and those who are seated in the government are looking for ways to regulate it and eventually legalize it.

There are already states which have accepted sports betting but it is safe to say that most of the states in the US are not yet convinced. This is the reason why you need to get a constant update on US sports betting news so that you’ll know if it’s time for you to join the bandwagon.

For Strategic Planning

In sports betting, it isn’t enough that you place bets on the wagers because there are things that you need to consider if you want to win. Unlike casino gambling, sports-betting has a higher rate of winning because you can accumulate information that you can use in order to come up with an informed and rational decision.

For Safety

Aside from legalities, the news also could provide the people with a list of establishments that they could trust when betting. The world is a very scary place, if you are not careful, you will not only lose money, but you’d also be prone to danger.

Some people would just ignore US sports betting news because they feel like they don’t need it. But the truth is, the information you’re going to get from it will be so valuable that you’ll rely on it for your sports betting journey.

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Before you engage in any sports betting events, there is important information that you need to know about especially when you are only starting. In order to provide you with the help that you need, here are some of that important information that you should keep in mind.

Play Your Odds Right

The thing about sports betting is that you can employ so many ways in order for you to increase your odds of winning. However, those ways can only be done if you do your research right.

As people who have been watching sports for our entire life, it is safe to say that people may have already established which team usually wins, but you can never say that that is accurate.

There are multiple times wherein rankings would change from time to time and you need to take note of that. Make sure that you have evaluated each aspect of every team.

Online Sports Betting

If you are someone whose time is far more valuable than going to an establishment and placing your bet, then online sports betting would be a good choice for you. Although, you still have to keep in mind the legalizations surrounding the sports betting in your area because the federal state is constantly on the lookout for illegal betting.

Types of Sports Betting

You need to know which kind of sports betting you’d want to get yourself into. You see, when you deal with specifics, it is much easier to place and plan your bets this way. You should also look at which type could provide you with the best returns and at what cost since this will help you weigh your options accordingly.

Once again, these pieces of information are crucial to your sports betting activity. If you sincerely want to get the most out of it, then you must start taking it a little bit more seriously or you might regret it in the end.

Online Sports Betting Basics Infographics

From Visually.

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Sports betting is more than just an activity that requires you to put your money on a certain team. If you must know, sports betting is not very much accepted in every state in the United States which is the reason why you need to be very careful.

Here are some of the things that you need to get your eyes on before you start deciding on which team to bet your money on:

Legalities of Your State

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Again, sports betting is not legal in every state in the US which is why you have to make sure that the state you are in already support such activity. If you fail to do so, chances are, you’ll go to jail but with the option to post bail or be penalized.

In addition to that, you would want to avoid getting tangled up in situations like this.

The Reputation of the Company

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One of the things that put a person’s bet on the line is the reputation of the company you are partnering with in order to place your bet. If you won’t be able to evaluate it effectively, it will just seem like you are wasting your money on something that won’t even give you the chance to win.

The Sport and The Team

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If you’ve determined that your state allows you to bet on sports and you have already determined that their reputation of the sportsbook is very good, then the next thing you need to investigate is the sport you’re going to go for and the team you’d want to lay your money on.

Once you are able to do these three things, your safety in terms of gambling has now been set. You don’t have to worry about getting caught or going behind the government’s back, all you need to do is enjoy the game and pray that your team wins.

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Do you want to know how the online sports betting industry started tiptoeing around the rules of the government? Do you know why federal agencies and local authorities are constantly on the lookout for such activity?

Well, these instances in the history of sports betting might give you an idea why.

1919 World Series – Black Sox

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You may have read in a previous article of ours about a certain event wherein a player threw off his game in order for the other team to win and make money for gamblers.

Apparently, this instance has happened before during the Black Sox game during the 1919 World Series. On top of that, it wasn’t just one person, there were 8 of them.

As far as the court ruling goes, none of them was charged or found guilty, however, the association for baseball deemed it necessary to kick them off the sport and ban them for life. And if that doesn’t scream guilty, we don’t know what does.

NIT and NCAA Tournament

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Just like what happened with Chicago White Sox wherein a group of players threw off their game in order to make the opposite team win, the NIT and NCAA tournament also had a similar experience but on a different level.

In this case, instead of teammates rigging the result, people from different teams colluded in order to get the result that they need for those who are betting for them and against them.

As far as the investigation went, 33 players were involved and suspended, a team got banned, and no tournament has taken place for about 30 years.

After these events, there were a few more scandals that happened which made the government realize that sports betting is indeed something that one ought not to get involved with.

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Federal Bureau of Investigation, or the FBI, is the principal federal law enforcement agency of the United States. In other words, they are primarily responsible for the safety of the entire country.

This means that they, too, need to make sure that every illegal activity in the country has been neutralized.

On the other hand, sports betting is the act of betting on the odds of sports. The activity ranges from who scores first up to who will win the entire game or even a season. As far as the entire United States is concerned, they do not allow such activity for a certain reason.

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The Crime in Sports Betting

Do you know that their main reason for regarding such activity as an FBI crime? It is because of the manipulation that goes around with it. And this isn’t just about how big sharks can manipulate their money by laundering it through this channel, it’s about manipulating the game as a whole.

You may not be familiar with this but there have been times where people who actually played in a sport tried to throw off their game in order to make the other team win. And do you know how they end up doing that? It’s because they start betting on their own game.

You see, if you bet on your game or even on other sports and you start losing, you’ll eventually go in deep debt. If you fail to pay these debts, there is a chance that they’d make you pay in another way which is through manipulating you to lose a game.

Because of this manipulation, the FBI would like to make sure that those who are determined to play dirty will be behind bars once they know who they are. This probably is also the reason why sports betting isn’t legalized yet.

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Sports betting is a hobby that you need to be very careful of not because of the people playing with you, but because of how a certain state treats it. If you are not careful, you might end up in jail and penalized just by doing it.

But, have you ever wondered why it is considered as illegal and a crime in some states?

To give you a comprehensive overview, here are some of the things that are preventing some states from legalizing sports betting and continuing to treat it as an American crime:

Gambling Addiction

A state’s concern, first and foremost, should be on the welfare of their people. When they would legalize gambling, it would mean that a lot of people will be enticed to bet and if it is not carefully regulated, a lot of them would end up going bankrupt or develop a gambling problem.

In connection with this, people who have become addicted to playing would not concern themselves of their losses, they’ll be more concerned abouthow they’d get more money. Yes, that’s right, other crimes such as robbery and stealing would then become prevalent, worst case scenario.

The Black Market

If there’s too much money placed on a certain event, chances are those who are in the black market would rig the results. Now, this doesn’t just rob the bettors of their chance to win, but they are also besmirching the integrity of such sport. Which is why it can be understood why the government is uptight.

Money Laundering

This is one of the greatest issues that classifies sports betting as an American crime. Because of the fact that it won’t be suspicious to wire a huge amount of money through this channel, the government will have trouble proving money laundering issues.

Even if there is a high chance of losing, the chance of winning is about the same. People who are thinking to take advantage of this can make it seem like they won a lot of money and transfer it to their funds without inviting suspicions.

Illegal Companies

In every industry, there will always be companies that will try to scam other people by making them believe that they offer services they do not have. Most states preventthis from happening by not legalizing sports betting because they know how high stakes usually are in the game.

Moreover, because of this, these companies may want to actually participate in the game and pulling the odds into their favor paying the organizers to rig the results or some similar action.Can you just imagine how unfair this would be on the part of the public?

Of course, because the government also knows how people are looking forward to participating in such activities, they are looking for ways to regulate it. It is possible that a few years from now, every state in the US might have already legalized it.

And with this, we encourage you to stay with us so that once there is good news about the legalization of sports betting, you will be the first to know. And also, we’ll be able to give you tips and tricks place better bets.