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95% of Money Wagered on Super Bowl Remains Offshore, Restrictions on Mobile to Blame
Sports betting may be legal in 8 states, but an American Gaming Association survey indicated that 95% of the expected $6 billion to be wagered on Super Bowl 53 (up from $4.76 billion last year) will be placed through unregulated or illegal channels. 8% of fans (1.8 million) gambling illegally on the game will place bets with their local bookies, the balance will give their business to off-shore online sportsbooks. Super Bowl bettors have been slow to migrate to a legal means of wagering, just 2% of those who bet on last year’s game illegally are expected to transition to a licensed gaming operator this time around. Howie Long-Short: With 15% of the country offering legalized sports betting and the regulated gaming industry only expecting to covert 2% of fans from grey markets for the Big Game, it’s worth wondering why gamblers are foregoing the legal avenues available to them. VSIN CEO Brian Musburger explained to me that “most states that are currently operating prevent bettors from funding their mobile accounts without depositing cash at a brick and mortar casino (see: NV) and others – like Mississippi – only permit mobile gambling on the premises. Once bettors can fund mobile sports betting accounts with a credit card and place bets remotely, you’ll see that number explode; you’ll see a huge surge in deposits. As it currently stands, in many states it’s still easier for people to bet offshore than it is to do it in a regulated environment.” What can the states do to convert those betting offshore into domestic sports bettors? Brian: It’s on the states to be competitive [with pricing]. A good sports bettor is always going to seek the greatest potential edge. If the states overtax sports betting and regulated markets can’t be competitive with the illegal markets, the big money will remain in the gray areas. Smart Money looks for prices if the state taxes are too onerous that will only keep money offshore. Nearly 1/10 Americans (22.7 million) will place a bet on Sunday’s game, but you won’t hear Jim Nance or Tony Romo (they’re on the call) reference the line (NE -2.5) or oveunder (56.5). That’s because with sports betting legal in just 16% of the country, CBS has opted to avoid the topic. That could change by the time Super Bowl 54 rolls around though as upwards of a dozen states could add sports betting legislation over the next 12 months. Fox has the broadcast rights to the 2020 game. I asked Brian if he would expect Murdoch and Co. to include gambling conversation and/or commercials during the game broadcast – if 40% of the country were to permit sports betting within their borders? Brian: Well, after reading JohnWallStreet’s column from yesterday aboutSuper Bowl advertising rates, Fox should be incentivized to take ads from casinos. But back to the first part of the question, the primary rights holders should probably stay away from sports betting; you don’t want to alienate your audience and there’s a lot of kids watching the Super Bowl that shouldn’t be inundated with sports betting talk. However, many of the people tuned into the game do have money on the line. Those individuals can use their second screen for sports betting information and I think they’ll find an outlet like VSIN is more informative and of far greater utility to them, than what Tony Romo (or Troy Aikman) will provide. The NFL wants prop bets (wagers on an individual/team performance unrelated to the game’s outcome) “restricted – or even outlawed” deeming them too vulnerable to fixing/manipulation, and has asked congress to “allow professional and amateur sports organizations to identify which types of bets simply pose too significant a risk to the integrity of sports and to work with regulators not to authorize them.” Good luck with that. As Brian told me, “if there’s a marketplace for it, it will continue no matter what the NFL Commissioner says; and there really isn’t even a reason for the league to be concerned. The amount of money you can put down on a prop bet would never be enough to sway a professional athlete; most sports books place a low limit on props.” Fan Marino: Most the money that has been bet on the game thus far has been sharp money. That’ll change by Sunday as casual bettors begin to place wagers on things like the coin toss and national anthem. As of Thursday evening, the money wagered in Las Vegas has been split between the Rams and Patriots. Interested in Sports Business? Sign-up for our free daily email newsletter list, here!
Super Bowl 53 Super Bowl 53 Prop Bets: Reviewing Results for Biggest Hits and Misses Paul Kasabian Senior Contributor February 4, 2019 Comments David J. Phillip/Associated Press. Super Bowl LIII ... Super Bowl 53 Live Prop Bet Results. Scott Hastings Sun, Feb 3 2019, 11:40pm Updated: Thu, Jan 21 2021, 10:46am. Facebook; Twitter; Reddit; Looking for information on Super Bowl betting props? Check out Odds Shark's new page on Super Bowl Prop Bets. Did the national anthem go OVER or UNDER? How many songs were sung at halftime? I lost track. And did anyone see how many tweets President Trump ... Super Bowl 2021 Correlation Bets – Predictions on Game Spread & Totals based on Player Prop Correlations from Bovada Sportsbook By using our exclusive NFL player prop betting results and our game betting results we have been able to find correlated betting outcomes from the 2020 season. The Super Bowl coin toss is one of the most popular prop bets for the biggest sporting event of the year. And, it makes a lot of sense as to why. There’s only two outcomes, which means you have a 50-50 chance of winning. Furthermore, the betting odds are equal for heads and tails. This Super Bowl 53: New England Patriots 13, L.A. Rams 3. Speculators who thought they had spotted a “trend” in O/U point-total outcomes at the Super Bowl were quickly corrected in 2019, as a pregame Over/Under total of (57.5) over-shot its forecast by more than 40 points. L.A. and New England engaged in a good old-fashioned defensive struggle to determine a Lombardi Trophy winner. Patriots ... Looking for expert analysis of Super Bowl LV prop bets? Get a full rundown on each prop from the length of national anthem performance to which team scores last. Super Bowl Gatorade Color Prop Bet. And the color was … orange! After purple emerged as the consensus favorite earlier in the week, it was orange that ended up cashing as the gatorade color. It was offered at +400 odds at DraftKings heading into the game.. Full-Game Super Bowl Props That Won. More notable game props that won via WilliamHill:. Player to Score Last Touchdown: Damien Williams +700 The coin toss is a popular prop bet for the Super Bowl. Get the latest odds, history and prop bets on whether the toss is heads or tails. There’s no shortage of Super Bowl 55 crazy prop bets. Bettors can wager on a wide range of ridiculous props. This includes action on the coin toss, National Anthem, television broadcast, halftime, and unique in-game props. Read on for more information on how to bet the craziest Super Bowl props. Where To Bet on Super Bowl 55 Props Finding answers/outcomes to these prop bets isn’t always easy, and some don’t want to wait around for their sportsbook to grade them Get all the answers to Super Bowl 54 props here With the thousands of Super Bowl props available for betting this Sunday (February 2nd), you can’t be expected to catch the answer to all of them.
Super Bowl 53 Prop Bets, How To Bet The Spread On Patriots ...
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