Ever since the Supreme Court struck down the federal ban on sports betting, many states have shown interest in legalizing sports betting, which might prove to be very beneficial for the pro leagues, sports fans, as well as the country’s economy.
Sports Betting in the US – A Look at the Numbers
Betting is already a huge industry in the US, despite the fact that it is legal only in several states. In 2017, the total amount of bets placed with Nevada Sports Books exceeded $4.8 billion. Every year, more than $150 billion is wagered on sports illegally.
If betting is legalized in all the states, the industry could be formalized and the money could be channeled into our economy. Experts say that legal sports betting can add an estimated $2.9 billion to the profits made by casinos all over the country and contribute anywhere from $11.6 billion to $14.2 billion to our country’s GDP every year.
Increased Transparency in Sports
Contrary to the opinion of some people, legalizing sports betting will not corrupt the pro leagues or the players. In fact, it can bring more transparency to the industry. Currently, a huge amount of money flows under the radar due to the ban on betting. Pro leagues have no way of monitoring how much money is bet on each team or player.
Once betting is legalized, the leagues can keep a close eye on the betting lines and easily identify irregular or suspicious activities. Moreover, the leagues can also work with state legislators to draft betting laws that can benefit the sporting community as a whole.
How Legalized Sports Betting Can Benefit Fans?
Betting can make sports more interesting, which means you as a sports fan will be more invested in the games than ever before. More importantly, betting creates a sense of personal interest in you and turns you from a mere spectator into an active participant.
If you bet $100 on a team, you will not only be rooting for it as a fan, but also as an investor, since the return on your investment depends on the team’s victory.
Above all, with legal sports betting, you have the opportunity to make money off your favorite teams and players. You no longer have to depend on bookies or sketchy-looking offshore gambling portals.
In the UK, where betting is legal, there are several gambling apps which allow fans to place bets any time they want by using their smartphone. We might see such developments in the US as well in the near future.
How to Bet Like a Pro
When all is said and done, it is not easy to make money by betting on sports. As they say, the house always wins because most bettors lack the knowledge, skill, and insight necessary to pick the right team on the right day. However, for the first time in sports betting history, you have the opportunity to learn the tricks of the trade from a true veteran – The Whale.
The Whale is quite simply the most successful bettor in Nevada. Having earned millions of dollars through betting, he is now ready to share the secrets with passionate sports fans all over the country.
By mastering the art of handicapping sports betting, The Whale has developed what may be a foolproof system that can help you avoid the mistakes that casual bettors make and predict the outcome of a game accurately.
If you are interested in betting like a pro and improve your chances of winning, it’s time to get in touch with The Whale. Find out more at TheWhalePicks.com. You can also text ‘YES’ to +1 702-465-1135 to find out how you can earn money by betting on games.