If you’ve ever dealt or gambled online, then you know that U.S.A. online gambling is quite a different ballgame.
Unlike most other countries, the U.S. government has actually enforced some anti-gambling laws. Fortunately for citizens, those laws aren’t complicated – they just have to obey the law.
That being said, the government still sees gambling as a threat, especially in the case of Native Americans, and they’re doing what they can to stop it.
Luckily for gamblers, Native Americans have a higher tendency towards personal loyalty and keeping their promises, which makes them ideal clients for a reputable American gambling company.
The Basics
Let’s get the boring stuff out of the way first.
American betting is totally legal and you don’t need to live in a specific state to gamble.
You place bets on sports, music, politics, and fashion, amongst others, and the odds are generated by computer programs that are continuously calibrated against the so-called “House Edge”.
Most sportsbooks will accept bets at odds greater than 1.40, causing many gamblers to have a look at those odds and decide that it’s a good idea to place a bet on them.
For example, a soccer game where the odd is 1.70 is widely considered desirable since it results in less money being placed on the game.
Some bookmakers might even give you an additional discount if you agree to bet on more than one team or if you place a certain amount of money on a single bet.
Usually, books that accept sports bets also offer a great deals on other wagers, like casino games and bets on the stock market, so it’s a good idea to check them out.
Making A Deposit
If you decide to play at a reputable online casino operator, then you’ll be able to make a deposit directly to your account.
You won’t have to worry about financing your account with a credit card as many other casinos require – the money will be there the instant you make the deposit.
Moreover, most casinos have multiple payment methods available, which further simplifies your life as a gambler.
The only downside is that, not all casinos are created equal, and some might get slightly more expensive due to stricter finance rules enforced by the bank.
Types Of Bets
You’ll find a variety of bets at a reputable sportsbook, ranging from straight-up wagers, to parlays, teasers, and even prop-bets on low-odds games.
Those unfamiliar with bookmaking might ask what the difference is between these different types of wagers.
Prop bets are a very popular choice amongst gamblers since they’re not difficult to understand and they result in relatively high payouts when successful.
A teaser is when you place a bet on a sporting event, but the payout is only determined by the final outcome of the game.
So for example, if you bet on the Chicago Cubs to win the World Series this year, but they lose, you’ll only get back what you originally placed.
A parlay is when you combine several wagers into one bet and there are generally three to four legs to a parlay.
For example, if you think that the Chicago Cubs will win the World Series in the next three days, you may want to place a parlay bet where you join three or four wagers together.
The upside is that parlays offer the highest return when winning.
The downside is that they’re the most difficult to comprehend for beginners and they can get extremely complicated, resulting in a higher chance of losing money due to a poor understanding of how parlays work.
How To Make A Profit In American Betting
Now, let’s get to the fun part.
How do I make a profit in American betting?
Well, there are a few ways to go about doing that and it entirely depends on you.
The first thing you need to do is figure out what you’ll use to measure your profit.
There are dozens of betting exchanges where you can find lines and props for all sports and virtually all other kinds of bets.
You’ll need to determine how much money you’re willing to risk on any given bet in order to figure out how to make a profit and the answer will entirely depend on you.
A good place to start is by analyzing the odds of various bets with the help of software that connects to the internet.
For example, if I were using bet365 as my measurement tool and decided to use British football as my guide, then I’d look at the odds of matches like Manchester United vs. Liverpool and try to figure out which one I liked the better.
Another way to measure your profit is by looking at the payout of various bets.
Since most sportsbooks offer winnings paid out in Canadian dollars, which are more stable than the U.S. dollar, you may decide that it’s a good idea to simply take your Canadian dollar winnings and use them to purchase other financial assets, like stocks or mutual funds.
The Ethics Of Gambling
Finally, let’s not forget about the most important rule in gambling:
Ethics.
Gambling is a bad idea in principle since it encourages gambling.
It also encourages people to lose sight of reality and how they should be leading their lives.
This is why gamblers often find themselves in unfortunate situations, like being hooked on drugs or having a very serious gambling problem.
Losing all sense of ethics is the surest way to destroy your chances of ever winning big at gambling.
So, make sure you never let your guard down when gambling and always stay focused on your goal – having fun and winning money.