The state is the largest stakeholder in the sports betting industry, and their interests lie primarily in increasing taxable revenue. The integrity of sporting events and betting outcomes should be the top priority for all stakeholders. The state will determine what tax rate is appropriate for sports betting, which regulatory body should oversee the industry, and more.

Parlays

A parlay is a type of multiple bet, also known as a multiple bet or accumulator. A parlay is usually a single bet, but it can also be a combination of multiple bets.

Futures bets

Futures bets are another great way to make money in sports betting. Since these bets are often harder to predict, they offer great potential for large payouts when they go your way. The best way to use futures bets is to place your bets earlier in the season, when the odds are lower. This also gives you the opportunity to do some hedging, locking in profits as the odds change.

Moneyline bets

Moneyline bets in sports betting are bets that predict the final score of a game. They can be on one team to win, another to lose, or on a tie. If the game ends in a tie, the moneyline bet will return the bet’s stake. Moneyline bets are most popular in low-scoring games, such as baseball or hockey games. For example, if the moneyline bet is on Houston to win, the team is favored by -175.

Point spreads

If you’re new to the sports betting game, point spreads can seem like a complex puzzle. While it’s not impossible to learn how to handicap them, they are difficult to master for beginners. However, with the right approach, you can win money with point spread betting. You can start by studying the teams’ recent play and developing your own criteria for betting on each side of the point spread.

In-play betting

A systematic review suggests that in-play sports betting may be more harmful to problem gamblers than other gambling methods. However, further research is needed to understand the exact mechanism by which in-play sports betting may cause harm to individuals. The authors suggest that in-play sports betting should be banned or heavily regulated.