Under Ohio’s New Sports Betting Law, Here’s What You Can and Can’t Bet On
CLEVELAND — After years of figuring out how it’s all going to work, sports betting is about to become legal in the state of Ohio.
It’s all live streaming since New Years, and whether it’s on your phone, on a passing billboard, or while watching TV, advertising for Ohio’s new world of legal sports betting is everywhere.
Companies are giving away dollars for dollars to get you to sign up before sports betting is even available.
At DraftKingsthis means $200 in free bets plus five fans will receive a bonus bet of $100,000 each.
“If you happen to get this bet, it could be a game changer for you in sports betting,” said DraftKings director of racing and sports operations Johnny Avello.
“It’s all part of a marketing campaign to get fans excited for the New Year,” said Matt Schoch in Play Ohiosite with information about online gambling.
“These signup bonuses will be there, but not to the same extent,” he explained. “They’re going to soften up a bit.”
PlayOhio’s early predictions indicate that Ohio could quickly become one of the most popular states when it comes to sports betting. valued at $8 billion in sports bets made in its first year.
“If you add together kiosks, retail betting shops and online apps, you get a giant number,” Schoch explained. “We’re talking maybe $9-$12 billion in a mature market after 2023.”
The marketplace that has always existed is now finally going mainstream.
“I want fans to know that you can now play with a legitimate establishment and not with a bookmaker where you are not sure if you will get your money,” Avello said. “He will be with us at DraftKings. You will have so many different options that you never had before.”
How does the spread and money line work?
“With scatter, you are not only dealing with which team will win the game, but if you are betting on the favorite, you are going to give up a certain number of points to keep it even, even if the underdog loses, but only loses less than that value. spread, then you lose that bet. If you took the favorite, – said Schoch.
Moneyline, Schoch added, allows fans to win more money than their original stake if they bet on the underdog, and vice versa if they pick the favorite.
What about more/less?
This one is simple and has become one of the most popular options for fans.
The bet is placed on the total number of points scored by the two teams in the game. This number is set by the bookmakers so that both sides of the bet are as equal as possible.
“So if you want a high-scoring football game, a high-scoring basketball game, bet on the over,” Schoch said. “Of course, the reverse is true for the bottom.”
With the rise of fantasy sports, this option is becoming more popular.
Fans can bet on specific athletes and what they will do during the game (for example, how many touchdowns DeSean Watson will score, how many rebounds Donovan Mitchell will have, etc.).
How does express work?
An accumulator includes several bets combined together, which means that the fan can earn even more money if a series of bets occurs.
“Operators are now actively promoting parlays because it is a high margin for the operators and a low margin for the player,” Schoch said. “You can combine this spread bet, this helper bet, and maybe over/under and three-to-one with a chance of winning big money, but of course more likely to lose.”
What can’t bet on?
Also remember that sports betting will be limited to the actions of the athletes on the playing field to begin with, so side bets such as a coin toss, the length of the national anthem, or the color of Gatorade poured on the winning coach are not allowed. – at least initially.
RELATED: Mobile Sportsbooks Start Pushing Ohio Residents to Register Before Jan. 1 Launch Date
The bookmakers at JACK Casino and JACK Thistledown Racino are now open to customers, although they are not accepting bets yet; they are trying to whet the appetite of future sports betting customers. The same can be said for the roughly 20 online sports betting sites that have already flooded the airwaves and the Internet, offering customers free bets if they sign up before January 1st.
Watch live and local news anytimeDownload the News 5 Cleveland app now more stories from us, as well as breaking news alerts, the latest weather forecast, traffic information and more. Download now for your Apple device here, and you Android device here.
You can also catch News 5 Cleveland at Roku, Apple TV, Amazon Fire TV, YouTube TV, DIRECTV NOW, Hulu Live and more. We are also on Amazon Alexa devices. Learn more about our streaming options here.
News Press Ohio – Latest News:
Columbus Local News || Cleveland Local News || Ohio State News || National News || Money and Economy News || Entertainment News || Tech News || Environment News