Legalizing sports betting has long been on the minds of many lawmakers. The NFL, NBA, MLB, and PGA Tour have been lobbying for its implementation. In January of last year, the NBA and MLB published a draft of “Model Legislation” for sports wagering. However, a number of states have resisted, citing the integrity of games and the financial interests of the sports leagues. A recent ruling in Maryland, which legalized sports betting for college football games, may be a step in the right direction.
While sports betting is not completely legal in the United States, it is becoming more popular all the time. Bills are introduced all across the country in an attempt to legalize the activity. Some states would create sports betting markets similar to those of Mississippi or New Jersey. These states would establish different tax rates and have different models for how many sportsbooks could be opened in their state. Regardless of the laws governing sports betting, the industry is likely here to stay, especially as the online market grows.
Another popular option is to bet on a double result, which combines a team’s halftime score with the final score. Baseball games, for example, are played on two nights, and often times a doubleheader is called. In baseball, the double-header is often canceled due to rain. A draw, on the other hand, is graded a PUSH. The final betting odds for a double-header are usually set at eleven to 10 points, meaning that you bet $11 to win $10, and make a total payout of $21.