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One industry that has gradually grown globally is the gambling field. Many online bookmakers have come up where players can create accounts, proceed on to play games and win money. The gambling world does not only involve sports betting. People have also had avenues where they can play casino games that have since seen various categories offered. One country that has seen more gambling activities going down is the US. In 2018 alone, the US was able to raise $41.7 billion in revenues purely from gambling activities. But how did the country get here?
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Contents
US betting background
United States gambling activities are state-regulated as opposed to many countries where one body regulates the whole country’s operations. Gambling in the US dates back to early 90s where off-track betting locations were set out to bet on the horse racing events. Horse racing was a prestigious sport and to date, the sport is still revered in the US and other countries especially the UK. The gambling activities proceeded on and later in the 90s, casinos started coming up with Nevada headlining the transition after Assembly Bill 98 was signed into a bill which legalized most forms of gambling with the activities providing revenues to the state.
Over the years, more and more casinos came up with people having avenues to place horse racing bets and some of the casino games that had come up. Roll on the years, the US is among the leaders in the gambling industry with over 500 commercial land-based casinos and with more than 1.7 million people employed in the casinos.
With the technology coming up over the years, many land-based casinos have since transitioned to having an online casino dependent on the state laws. Nevada and New Jersey stand as the states with the highest gambling activities. Last year saw the US Supreme Court authorize sports betting activities outside Nevada and since then, many states have incorporated sports betting in their casinos.
With the online platforms launched in many states, many players have gone ahead to create accounts but there are some basic factors that one must put into mind while betting.
General terms
One of the key factors is understanding the terms of a certain platform before joining. The key terms that appear in most platforms are the age requirement where you cannot access a certain platform without meeting the age set. Most have set their age between 18 – 21 years. The other basic term is on the location. Some platforms have set their real money activities purely within their state which means that for a player to create an account with the site, he/she must be within the jurisdictions of the said state.
A player is also advised to understand the minimum deposit set on every platform. The deposits differ with most of the platforms setting their deposits between $5 – $20. Those are some of the basic terms that you need to check out before you proceed to create an account.
Promotions
Once you create an account with a platform, most of them welcome the players with a bonus and the bonuses are offered in two ways. Some platforms may offer free money which can be awarded as a free bet either after successful account creation, after losing your bet or after playing select games. The other type of bonus involves the first deposit where your deposit is awarded a bonus of a said percentage. Most US platforms offer percentages between 50% – 200% on the deposit.
If the platform has both a casino and a sports section, most of the platforms will offer tailored welcome bonuses for every section. Casino platforms may include bonuses like free spins on some of the slots they offer.
Additionally, other promotions are also offered to the existing players where they can also get bonuses. The promotions carry with them terms and conditions that must be followed and some of the general terms and conditions include;
- Eligibility – Some promotions are specifically meant for new players
- Validity – The bonuses offered will be valid for some days with most platforms having their bonuses lasting for 30 days
- Minimums and maximums – A minimum deposit is set on every promotion and a maximum payout is also highlighted for the players
- Wagering requirements – Every bonus from the various sections will carry a wagering requirement whereby before any withdrawal is made from the bonuses, you must wager either the bonus, deposit or both a certain number of times. Most range between 10x – 40x
- Promo codes – Some promotions will require to be redeemed using a promo code and in the case, a player does not redeem using a promo code, he/she will be ineligible
Sports betting
Most US platforms have given priority to the top sports offered which have included Soccer, Basketball, Tennis, Football, Golf, and Horse Racing. This has seen leagues like MLB, NBA, NHL, NFL, WTP, ATP and racing events like Kentucky Derby, Belmont Stakes, Breeder’s Cup, and Arkansas Derby. Some of the popular features that most platforms have incorporated have included in-play betting where players can place bets on live games and cash-out option where players can minimize losses and locking profits by withdrawing funds before the event is done.
Another section that one must keep in mind is the odds section. Most US platforms have given their odds in 3 formats (American, Fractional and Decimal). One needs to pick the odds that he/she understands. The decimal odds show your potential return including the stake and its calculation is pretty simple where you will multiply your stake and the odd to get your potential winnings. The fractional odds show your profit relative to your stake. This means (what you will win/your stake). For the American format, the negative sign will indicate what you will stake to win $100 profit while the positive sign will show your profit after making a $100 stake.
Popular betting types you will come across will include;
- Win Bets and Moneyline bets – Simply selecting a winner on an event
- Point Spread and Handicap bet – A favorite (-) and an underdog (+). A win will be recorded when the favorite team wins outright or loses by an amount that is smaller than what was in the point spread
- Parlays and Accumulators – Having more than one selection in a bet slip with all of them dependent on the other for wins
- Teasers and Pleasers – More like the accumulator but on this, a bettor can adjust point spreads to his/her favor to stand a higher chance of winning
- Prop bets and Specials – Bets on events that are likely to take place on the game. The first team to score, last goal scorer and so on
- Futures and outrights bets – Betting on a competition, league, tournament or event before the events happen
Casino gambling
The casino section, on the other hand, will introduce players to a world of different categories with the popular categories among many platforms being Slots with some boasting of Progressive Jackpots that players can get huge returns, Table Games like Baccarat, Blackjack, and Roulette, Video Poker games with popular titles like Deuces Wild, Aces and Faces, and Jacks or Better. Other platforms will also offer Live Dealer games to the players.
A point to note is that most casinos offer free plays and real money plays. This means that players who are not located within the said state can play on some select games for free and earn bonuses to play on the site while real money plays will involve making a deposit and going ahead to play the games for real money.
To sum it up!
There you have it, with the basics of what you expect on a US online gambling site, you are the judge of what platform suits you the most. A casino is a step away from you!
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