Entry

Where can I bet legally on Sports?

How can I bet legally on Sports?

What are the rules of sports bet?

Mar 14th, 2008 21:06
ha mo, James Buren, http://www.chiefcyberpicks.com http://www.onlinebingoreviewdirectory.com http://www.pokerstarsnetwork.com

Leaving aside various forms of (animal) racing, there are at least four
ways to bet on sports in the US, and of these two are legal, one is
illegal, and one is ambiguous.
You can bet legally at licensed Nevada Sports Books, and illegally with
bookies in virtually every town. Most of the following describes the ins
and outs of gambling at sports books. There are two points worth noting
here. First, Nevada Sports Books can set up phone accounts, but will not
accept wagers across state lines. Second, odds with illegal bookies are
often worse than those one can get in Nevada.
Betting with offshore (international) sports books seems to be on the
rise, and promises to spread from phone services to internet based
online services. From the point of view of bets and odds offered, these
books are similar to licensed Nevada Sports Books. The legality of these
services is, at best, ambiguous. There are claims and opinions on all
sides of the argument, but few legal precedents. In addition, some
offshore books are run by old trustworthy firms, some are fly-by-night
scams, and many are somewhere in between. Cavaet Bettor.
The last way (and other than in state Nevada betting the only other
clearly legal way) to bet on sports in the US is the Oregon Lottery.
This was described as follows in a rec.gambling post:
    The Oregon lottery is alive and well as far as football betting. The
game is called sports action. The line is set by Jim Feist. It is set
and printed on Wednesday and does not change. This can work to the
bettor's advantage due to changes in team lineups due to injuries and
such. The minimum wager is $2.00 and the minimum number of games bet is
3. The payoffs for a three game win is $5.00 per dollar wagered. Four
games gets $10.00 per dollar wagered. All other wagers are paid on a
paramutual fashion. For example, a seven game winner usually pays around
$160 to $350. The maximum number of games that can be bet have a winner.
A week or two ago $14,000 carried over in the 14 pool. There are also
some games that are called special play games with over/under total
score. The line seems to be fairly consistent with the Vegas line on the
Wednesday that it is set. 
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