February 13, 2022

Four in 10 Sports Bettors to Place Wager on the Super Bowl

Filed under: News,Sports betting — Tags: , , — News @ 8:51 pm

The article originally appeared in Gambling Insider.

According to a survey completed by the Responsible Gambling Council (RGC) in Canada, over four in 10 (42%) sports bettors in Ontario intend to place wagers on the Super Bowl.

It also identified that 38% of the people involved believe their sports knowledge gives them an edge when predicting outcomes. Those believing they have an advantage are predominantly aged 18 to 34 (48%), male (46%) and Toronto-based (48%). This group also bets more frequently (is this a bad idea, then?).

The survey found that younger people are significantly more likely to be influenced by friends and family when betting. In total, 72% of those aged between 18 and 34 said their choice of sports wagers have been influenced by others, in comparison to 59% of those aged 35 to 54 and 40% of those over 55 years of age. 

Within the survey, people were asked how they would bet. The majority of 47% said they will bet with friends, with a close second coming from those who will buy a sport-based lottery ticket. In terms of the value of each bet, 52% suggested they would bet no more than $50, while 17% said it would be at least $100. 

Encouragingly, the survey found that 90% of bettors plan to ensure at least one strategy to manage their gambling risk. This could be staying within a pre-set betting limit as agreed by 52%, while four in 10 said they would always view sports betting as entertainment and not a way to win money. 

Shelley White, CEO, Responsible Gambling Council, commented: “The fact that such a strong majority of sports bettors have a plan in place to protect themselves is great news. However, the risks should never be underestimated. It’s easy to get carried away by the excitement of the big game… Knowing the risks and having a plan to protect yourself are essential to having fun and enjoying the game.”

This online survey of 1,003 Ontario residents aged 18 and over was completed between 7 and 9 January using Leger’s online panel.

Continue Reading at gamblinginsider.com

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January 17, 2022

Wild Week of U.S. Sports Betting News Culminates with NFL Wild Card Weekend

Filed under: News,Sports betting — Tags: , , , — News @ 10:00 am

This article originally appeared in Sportsbook Review.

The last seven days have provided its fair share of U.S. legal sports betting news. The fallout from New York’s online sports betting launch dominated headlines again, sportsbook profits from participating U.S. states continued to trickle in, Australian Open drama, and NFL Wild Card game action kept fans riveted. Let’s take a peek at some of the relevant topics that generated sports betting buzz this past week and some topics to keep an eye out for in the week ahead.

NFL Wild Card Weekend Aftermath

NFL Wild Card Weekend is in the rear-view mirror, and it hasn’t been a particularly successful one for American sportsbooks. There was only one upset over the weekend, with three of the five favorites easily covering the spread.

One of the biggest stories from the Wild Card Weekend was the poor officiating from Jerome Boger and his team in Saturday’s Bengals vs. Raiders game. Boger and his crew will not be officiating again throughout the NFL Playoffs, per Adam Schefter. The controversial play that led to a Bengals touchdown helped bettors cash in ATS as the Bengals covered in their first NFL Playoff game since 1991. They were also one of the most popular public sides bet on coming into the weekend, according to Covers.com.

Oddsmakers and prognosticators will have their hands full this week determining the lines for what is sure to be a blockbuster NFL Championship Round, which starts Saturday.

The Good and the Bad from New York’s Mobile Sports Betting Launch

The much-anticipated launch of the New York mobile sports betting scene has come and gone with varying results. The good comes from the sheer volume of online wagering activity in the Empire State. The bad comes from a pair of U.S. legal sports betting heavyweights Caesars and FanDuel stumbling on their ability to deliver bonuses to new customers in the state. Caesars even experienced an outage during the Cowboys vs. Eagles game last week, which certainly wasn’t a good look for the company.

On Saturday and Sunday of last week, a staggering total of 17.2 million sports betting pings were reported in New York. Eight million pings alone from New York City’s five boroughs represented a bigger total than any other standalone state total within the US, according to Lindsay Slader, Managing Director of Gaming at GeoComply.

BetMGM will officially be welcomed to the New York mobile sports betting family Monday, joining BetRivers, Caesars, DraftKings, and FanDuel. Bally Bet, PointsBet, WynnBET, and Resorts World have yet to get their acts together with little indication of when they will join the New York legal sports betting family.

December’s Month-to-Month Sports Betting Dips

More evidence emerged last week about just how strong the U.S. legal sports betting market was during the 31-day October betting period when sportsbooks could take advantage of five full weekends of NFL and college football and the start of the NBA and NHL seasons. November and December were, by every measure, strong but not quite at the level of October.

These four states indicate what we can expect from jurisdictional heavyweights every month. All indications are that December will fall short of records for the majority of participating states – those numbers should be released in the next couple of weeks.

Oregon Moves Away from Lottery Model with DraftKings Partnership

In a move that will surely increase the so-far disappointing betting totals in the state of Oregon, DraftKings has stepped in to take over from the state Lottery, whose business model has dragged the platform down.

Oregon joins New Hampshire as a state to bring on DraftKings as a successor to their state Lottery. New Hampshire has seen a spike in wagering since their Lottery took a backseat to heavyweight sports betting provider, DraftKings.

“We’re excited about the improved experience for our players – including the ability to make same game parlay bets. DraftKings is a premier provider in the U.S.,” said Barry Pack, Oregon Lottery director, in a media release. “We see benefits for Lottery too, as the shift to DraftKings means fewer third-party service providers and a simpler financial structure for player accounts.”

It begs the question – will other jurisdictions with state Lotteries running their sports betting switch from Lottery models to more competitive and free markets? Washington D.C. and their disappointing Gamebet D.C. could be on notice.

Continue reading at sportsbookreview.com

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September 8, 2021

$10K on the Patriots? $1K on the … Lions? The Most Notable NFL Bets of the Offseason

Filed under: News — Tags: , , , , , , — News @ 9:00 am

This article originally appeared in Yahoo News.

With the NFL season kicking off on Thursday night with a showdown between the Tampa Bay Buccaneers and Dallas Cowboys, it seems like a good time to look back at some of the most notable bets placed over the course of the offseason.

The Bucs, on the heels of winning Super Bowl LV over the Kansas City Chiefs, were the team that received the two biggest Super Bowl futures bets at BetMGM. One bettor put down $30,000 on the Bucs to repeat at +700, a potential win of $210,000. And when the Bucs were listed at +800 to win the Super Bowl, there was a $25,000 bet that would win $200,000.

Two other five-figure Super Bowl bets were on the Green Bay Packers and New England Patriots. The Packers, potentially in the final season of the Aaron Rodgers era, received a $19,000 bet at +1400. Should that come to fruition, the bettor would win $266,000.

The Patriots bettor would be in for a bigger return. New England is coming off its first losing season since 2000, but one bettor wagered $10,000 on the seventh Super Bowl in Bill Belichick’s tenure. With the Patriots listed at +3000, that bet would return $300,000.

Continue Reading at yahoonews.com

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August 31, 2021

NFL Welcomes Four More Approved Sportsbook Partners

Filed under: News — Tags: , , — News @ 12:00 pm

This article originally appeared in Sportsbook Review.

It wasn’t all that long ago that the NFL and its brass were vocal opponents of the idea of gambling on their sport. Things have changed dramatically over the years, culminating in Monday’s announcement that the NFL is bringing on four more approved sportsbook partners. FOX Bet, BetMGM, PointsBet, and WynnBET will become Approved Sportsbook Operators of the NFL and the news comes just in time to take advantage of the entirety of its season which kicks off September 9.

“We are pleased to announce this select group as Approved Sportsbook Operators,” Nana-Yaw Asamoah, Vice President of Business Development for the NFL, said in a league release. “Along with our three Official Sports Betting Partners, this group of operators will help the League to engage fans in responsible and innovative ways this season as the sports betting landscape continues to evolve.”

The new crop of authorized sportsbook operators takes the total to seven partners for the most bet on league in the world. Caesars Entertainment and the two DFS monsters operating as legal sports betting provider giants became NFL partners in April and have reaped the benefits since.

How Important an NFL Alliance Is

The NFL is unquestionably the most important professional league for sportsbooks not only in the US but around the world. PlayUSA was out with a report last week that said an estimated $12 billion will be bet on the NFL this season alone, with $800 million in revenues.

Despite being called “second-tier partners” of the NFL, BetMGM, WynnBET, PointsBet and Fox Bet will be afforded unique opportunities with the league that other books are not. Caesars and the two DFS behemoths-turned sports betting provider giants are the “top-tier” or what had been called the “Tri-exclusive partners”. They get some company as of Monday.

Those Unique Opportunities

BetMGM, WynnBET, PointsBet and Fox Bet will be granted some exclusive perks under their new Official relationship with the NFL. Their brands will be advertised on NFL broadcasts which is an enormous advantage right off the bat in the battle for market share in the exploding but increasingly competitive US sports betting scene. BetMGM, WynnBET, PointsBet and Fox Bet will be featured on all premium NFL league media outlets that currently serve the league.

Perhaps the most important win for the four new sportsbooks will be their ability to use Official NFL media and data inventory. Official data, provided exclusively by Genius Sports for Official Sports Betting Partners will only give BetMGM, WynnBET, PointsBet and Fox Bet access to critical and valuable league data to use while generating odds and with their increasingly popular live betting options.

As the league said, the new partners have a chance to “leverage NFL marks within the sports betting category, integrate into NFL O&O [owned and operated] properties, and activate around retail and online sports betting”.

Continue Reading at sportsbookreview.com

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