This comes out better than betting sides at the -105 price standard reduced juice sports books offer. In sports such as NFL football where 50/50 wagering propositions are common, a sports bettor gets far superior odds by betting 3 team parlays at BetOnline. Missouri is entertaining all attempts to bring sports betting to the state. Three different senators have introduced different bills with the hope of legalizing retail and online sports betting in.
Missouri is entertaining all attempts to bring sports betting to the state. Three different senators have introduced different bills with the hope of legalizing retail and online sports betting in 2021.
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Each bill is slightly different, and this is the fourth year in a row that Missouri has attempted to legalize sports betting. This year we have seen a vast majority of states look to legalize sports betting as a way of more tax revenue.
Missouri has been close in the past, and this just might be 'the year.' State senators say that this could bring in nearly $50 million in annual revenue to the state.
Differences Between Bills Feature Levels Of Tax Revenue
Thankfully, none of these bills plan to involve a lottery run system like New York has been discussing. A lottery system involves just one sportsbook that is run by the state. All three of the proposed bills would support a competitive marketplace and seemingly be tax-friendly.
There are a few differences between the bills, mostly containing different tax rates and fees for license applications. For example, Bill 256 calls for a $50,000 non-refundable application fee compared to $25,000 and $10,000 in Bill 217 and Bill 18, respectively.
However, lawmakers see the biggest issue is the illegal market and the way they can treat their customers. Mike Winter with the Missouri Gaming Association explained that a major piece of this is the illegal sports betting market.
'All of this is taking place in the illegal market now. We're trying to bring it out of the illegal market, bring it into a legal regulated environment where we can be assured that bets are handled proper, consumers are treated fairly and those who have issues with gambling cannot participate,'
Whether it is avoiding ridiculous rollover requirements or other mishandling of its users, it is clearly important for Missouri to regulate the market to ensure fair play. And of course…bring in tax revenue.
In-Person Registration A Point Of Contention
One of the issues brought up during a recent hearing is the problem of in-person registration. John Baker, Regional Vice President for Government Relations at Caesars Entertainment was quite opinionated when discussing the situation.
Baker explained that he prefers what he called the 'Iowa Model.' Iowa's model requires sports bettors to go to a casino for the first 18 months of legalization. Baker's explanation for this is interesting but surely turned some heads as it could drastically influence the success in the early days of Missouri's sports betting amrket.
Baker says, 'It is an 18 month period during which the casinos that have invested in the community and have jobs, hundreds of millions of dollars in properties they have developed in those communities, will have the opportunity to personally enroll customers for a period of time before you create the online registration process that never leaves you anywhere. Just download the app.'
It would appear that Baker is attempting drive in foot traffic to the casinos which have badly suffered during the COVID-19 pandemic.
It is important to realize that none of the proposed bills have any language related to mandatory in-person registration. Caesars pushing for this type of change would surely delay the whole process. Furthermore, during today's COVID-19 climate, it is important to make things as virtually accessible as possible.
There could easily be a dip in bets taken if a mandatory in-person sign up are included the final bill. However, the good news is still that Missouri is poised to bring sports betting to the entire state this year one way or another.
'Wait, why does this NFL team have a -235 next to its name? What's with New England Patriots (-15) vs. Miami Dolphins (+15)? Help! HEEEELPPPP!'
If that sounds like you, we're here to assist you. If you've stared at a board at a sportsbook or just seen spreads and moneylines on the Internet and been utterly confused, don't worry. It's not just you. Those numbers can be confounding.
But hopefully, once you're done reading this, you'll completely understand how they work. As you prepare to dive into the world of sports betting, here's a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That's where point spreads come in. Let's look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They're the underdogs.
Now, sometimes the spread 'moves' during the days leading up to the game. Perhaps the Eagles' spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see 'PK' or 'pick' next to a team, it means there's no spread and you can bet on who will win, no matter what the score is.
Moneylines
3 Means Sports Betting
Let's take that same example above but use moneylines:
Philadelphia Eagles (-200)
New York Giants (+150)
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
The Giants are the underdogs. If they're +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
If you're betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots — 3/1
Baltimore Ravens — 5/1
But hopefully, once you're done reading this, you'll completely understand how they work. As you prepare to dive into the world of sports betting, here's a breakdown of how the lines work, starting with …
Spreads
It would be really easy to bet on a game if you could put money on a heavy favorite to win.
That's where point spreads come in. Let's look at an example:
Philadelphia Eagles (-4.5)
New York Giants (+4.5)
In this case, you can bet on either two outcomes: you can put money on the Eagles to win the game by 4.5 points OR MORE, which makes them the favorites. Or you can bet that the Giants will either win or lose by LESS THAN 4.5 points. They're the underdogs.
Now, sometimes the spread 'moves' during the days leading up to the game. Perhaps the Eagles' spread ends up being -3.5 (in which they must win by 3.5 points or more to give you a victory in your bet). Your bet all depends on whichever spread you bet on, whether it was when the Eagles were favored by 4.5 or 3.5 points.
If you ever see 'PK' or 'pick' next to a team, it means there's no spread and you can bet on who will win, no matter what the score is.
Moneylines
3 Means Sports Betting
Let's take that same example above but use moneylines:
Philadelphia Eagles (-200)
New York Giants (+150)
The team with a minus symbol is the favorite, and the number is how much money you would need to bet to win $100. In this case, you would have to bet $200 on the Eagles in order to win an additional $100.
The Giants are the underdogs. If they're +150, that means you could bet $100 to win $150.
Note that you can bet any amount you want, but those numbers are always calculated and posted the same way, either in how much money you would need to wager to win $100 or how much money you could win by wagering $100.
Odds
If you're betting on something like the team who will win the Super Bowl in the future, you might see it look like this:
New England Patriots — 3/1
Baltimore Ravens — 5/1
Kansas City Chiefs — 8/1
If you were betting on the Patriots and their 3/1 odds, you would win $3 for every $1 you spend. So if you bet $50 on the Pats and they ended up winning the Super Bowl, you'd win $150 (plus your original wager) back.
Top 3 Sports Betting Sites
Good luck!
