Sports Betting Ticket

Round Robin Betting Is a Great Opportunity for Bettors. If you want the massive payouts of parlays (but are averse to their inherent riskiness), constructing a round robin bet is a wise move. When round robin betting is built into a betting strategy, you can achieve maximum ROI with minimal risk.

  1. Parlay betting is one of the most popular forms of sports wagering. A parlay is a bet that is dependent on the combined outcomes of two or more wagers. The wagers can be a mixture of multiple bet types including spreads, moneylines, and over/unders.
  2. South Point's spacious Sports Book features two wall-sized big screen televisions, multiple plasma televisions, over 100 seats, as well as, additional seating in the Del Mar Lounge, which is adjacent to the area. The friendly and courteous ticket writers are happy to help customers from the novice to the sophisticated sports bettor.

By January 20, 2021, 7:23 EST

Printed from: https://newbostonpost.com/2021/01/20/legal-sports-betting-in-massachusetts-thats-the-ticket-say-key-state-officials/

By Matt Murphy
State House News Service

Two years ago, the New England Patriots were preparing to play the Kansas City Chiefs for the chance to go to the Super Bowl and state Senator Brendan Crighton was putting the finishing touches on a legislative proposal to legalize sports betting in Massachusetts.

Fast-forward to today and the Patriots are at home on the couch, but Crighton is right where he was in mid-January 2019, again hoping this will be the year the state Legislature acts to pull sports betting out from the shadows.

As of Tuesday, Crighton was preparing to refile his sports betting proposal with a few updates, including a higher tax rate and a significant increase in licensing fees that he said will generate needed revenue for Massachusetts before a wager is even placed.

The Lynn Democrat said he believes there will be an appetite in the Senate to consider the topic this session, despite Senate leadership slow-walking the issue for much of the past two years. He hopes his bill can provide some early direction for the debate.

“Sports betting is alive and well in Massachusetts, but unfortunately we’re letting money go down the drain to the black market and states that have legalized,” Crighton said. “I think we have a real opportunity here to generate some revenue at a time we’re facing a lot of uncertainty.”

And he may be right.

State Senator Eric Lesser, who last session co-chaired the committee that studied sports betting, plans to file his own bill in the coming weeks. While he didn’t think the economic development bill was the right vehicle — the House had included a legalization measure in its version of that bill — Lesser told State House News Service that he personally believes “the time has come” for Massachusetts to join its neighbors and legalize sports betting.

Lesser, a Longmeadow Democrat, said his position was only reinforced when New York Governor Andrew Cuomo announced this month that he supports an expansion of sports betting into mobile sites.

In 2019, when Crighton filed his sports betting bill, the activity was legal in eight states.

Now, sports betting is operational in 19 states and the District of Columbia. Three more states have laws signed and on the books, and in three additional states voters approved legal sports betting in November, and legislators must now set up a regulatory framework, according to ESPN.

Crighton was among the first legislators to offer a framework for legal sports betting in Massachusetts after the U.S. Supreme Court in 2018 opened the door for states outside of Nevada to enter the sports betting market.

His proposal was followed by others, including a bill filed by Governor Charlie Baker.

Crighton’s newest bill would create an opportunity for the state’s two casinos in Everett and Springfield, the slots parlor in Plainville, horse-racing license holders, and mobile platforms like the Boston-based DraftKings to host in-person and online sport betting.

Should thoroughbred racing return to Massachusetts, a new track would also be eligible to join the industry, which would be regulated and overseen by the Massachusetts Gaming Commission.

Prospective license holders would have to pay a $10 million licensing fee, which is up from a high of $1 million in Crighton’s original bill, and the tax rate would be increased to 15 percent. Crighton originally proposed to tax wagers at 12.5 percent.

“We believe this will still allow for sports betting providers to be competitive against the black market,” Crighton said.

As with his original bill, Crighton is proposing to allow wagers on professional and college sports, but not on collegiate teams from universities located in Massachusetts.

Some other bills filed last session, including Governor Baker’s, proposed to exclude college sports from any new betting framework, but Baker recently told State House News Service he would accept a framework that included betting on college sports because it’s already happening in neighbor states.

“If we want people to leave their illegal marketplace and come into a regulated one we need to keep that attraction available to them,” Crighton said.

The senator’s bill also excludes any type of “integrity fee” for the professional sports leagues or venues that host games on which wagers are placed.

Senate members of the Committee on Economic Development and Emerging Technologies last session abstained from a vote to advance a sports betting bill drafted by the committee, which was co-chaired with Lesser by state Representative Ann-Margaret Ferrante (D-Gloucester). Senate leaders then ignored a sports wagering proposal tacked on by the House to a major economic development bill in July.

It’s unknown who will chair that committee this session, but Crighton believes the Senate will be in a better position to consider his bill and the issue in general now that the Legislature had better adapted to working through the COVID-190 pandemic.

“After COVID hit, everyone’s focus was on the immediate public health crisis. And that focus really continued up until a few weeks ago. I do think we would have had a debate in other times had we not been dealing with that and I’m confident this session the Senate will be taking a serious look at this and there will be an appetite for debate,” Crighton said.

House Speaker Ron Mariano blamed the Senate for the failure to legalize sports betting during the last session, saying on the last night of formal sessions, “If I could, we’d have a deal,” Mariano said.

Mariano, a Quincy Democrat, said it was a “shame” that DraftKings founder Jason Robbins had to go to New Hampshire to find a market for sports betting, and promised to return to the issue early in the new session, which began on January 6.

Comments

comments

You might also be interested in:

“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)

Sports Betting Ticket Explained

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.

Sports Betting Ticket Writer

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

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. Rules of playing blackjack at a casino game. 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.

Betting

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:

Ticket

Sell Sports Betting Tickets

New England Patriots — 3/1

Baltimore Ravens — 5/1

Las Vegas Nfl Odds

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.

Delaware Lottery Sports Betting Ticket Checker

Good luck!