Scalping is a popular trading strategy used on betting exchanges to profit from small price movements. This article explores the concept of scalping, its effectiveness, and how you can use it to enhance your sports trading success.
Matched betting is a risk-free strategy that allows bettors to profit from free bets and promotions offered by bookmakers. This step-by-step guide for 2023 introduces the basics of matched betting and how you can use it to earn tax-free profits.
Effective bankroll management and staking plans are critical components of successful sports betting. This guide provides essential insights into managing your betting funds and selecting the right staking plan to maximize your profits and minimize risks.
Football betting is a dynamic and challenging domain that requires a deep understanding of prediction systems and betting strategies. This article delves into the fundamentals of football prediction and the most effective betting systems to help you succeed.
In the highly competitive world of sports betting, finding reliable and effective tipster services can significantly enhance your chances of success. This article explores the best betting tipster services for 2024, offering insights into their features, benefits, and what sets them apart.
What is a Tipster Service?
A tipster service provides betting tips and predictions based on extensive research, statistical analysis, and industry expertise. These services cater to various sports, helping bettors make informed decisions and improve their winning rates.
Top Tipster Services for 2024
New Hampshire’s sports betting handle reached $72.6m (£58.2m/€68.2m) in March, ending a run of three straight months of decline.
In March, New Hampshire reported a 16.5% month-on-month increase in sports betting handle, likely boosted by the March Madness NCAA tournament.
New Hampshire had previously seen its handle drop for three consecutive months, even with the Super Bowl in early February.
New Hampshire’s March figures were aided by its mobile sector, with online accounting for $65.0m in bets taken, or 89.5% of the monthly total, having recorded a handle of $55.9m in February.
Retail handle also increased, jumping 18.8% to $7.6m from February’s figure of $6.4m.
New Hampshire revenue down despite handle rise
Although New Hampshire’s handle ended its slide, revenue continues to falter in the Granite State.
March’s gross gaming revenue stood at $5.6m, the third-lowest in its FY2024 and the lowest since August 2023, prior to the NFL season getting underway.
Consequently, the se..
The three commercial casinos in Detroit reported $123.9m (£97.7m/€114.2m) in revenue during March, a 3.9% increase on the previous year.
Revenue in March was clear of the $119.2m posted in the same month last year. March’s total was also 18.5% ahead of the $104.6m recorded in Detroit in February this year.
Some $122.3m of this amount came from slots and table games, up 3.8% year-on-year and 16.7% higher than February.
In comparison, retail sports betting qualified adjusted gross receipts (QAGR) reached just $1.6m. However, this total was 13.2% ahead of last year and a stark improvement on the $120,142 loss reported in February.
MGM continues to lead the Detroit market
MGM Grand Detroit remains some way out in front in terms of market share in Detroit. The casino reported a 46.0% market share in March.
MGM posted $56.7m in table games and slots revenue, up 4.1%, while sports betting QAGR reached $327,857.
MotorCity Detroit placed second with a 31.0% share of the market. Revenue ..
Players in New York spent $19.64bn (£15.55bn/€18.13bn) betting on sports online during the Empire State’s 2023 financial year, while revenue reached $1.76bn.
Total wagers for the 12 months to 31 March 2023 were 19.8% higher than $16.40bn in New York in FY22. It is also the highest yearly online sports betting spend of any regulated state in the US.
In terms of gross gaming revenue, this was up 20.6% year-on-year and another US record. New York only opened its legal online sports betting market in January 2022, with FY23 only the second full year of regulation.
As it did in year one, Flutter Entertainment-owned FanDuel continues to lead the New York market. During FY23, FanDuel processed $8.10bn in online wagers and generated $845.8m in revenue.
DraftKings remained second with $619.6m in revenue from $7.02bn in bets. Placing third was Caesars with revenue of $140.4m and a $2.03bn handle.
BetMGM was the only other operator to process more than $1.00bn in wagers during the year, wit..
Rivalry said expansion into new segments helped drive revenue up by 34% year-on-year to $35.7m (£28.3m/€33.0m) in 2023, while the betting operator was also able to reduce net loss.
In a preliminary results announcement, Rivalry said revenue growth was complemented by higher betting handle and gross profit. All this, it added, contributed to a 22% reduction in net loss.
Reflecting on 2023, co-founder and CEO Steven Salz highlighted the operator’s diversification as the main reason for its success. He said growth in new markets such as traditional sports, casino and fantasy, alongside its core esports offering, allowed it to emerge from 2023 as an “increasingly diversified” business.
“Last year we gained meaningful traction in new segments,” Salz said. “This is widening our opportunity set and positioning us for sustainable growth in the medium- to long-term.
“We’re happy to have finished the year with all-time high customer economics, diversified revenue streams and a reinforced co..
Rhode Island saw a 42% drop in sports betting revenue for February, the month before igaming went live in the state.
Rhode Island reported $2.9m (£2.3m/€2.7m) in sports betting revenue for February, significantly down on the $5m accumulated in January. February’s revenue also fell 19.4% short of the same month last year, when the Ocean State accumulated $3.6m in revenue.
The state’s February handle also declined by 13.4%, down to $38.8m from $44.8m in January. Additionally, Rhode Island’s handle dropped year-on-year, with February’s total 10% behind the $43.1m accepted in bets in the same month last year.
Online continues to command the most interest with $30.4m in handle, 78.4% of the total. Online operators paid out $30m in winnings.
Of the $8.4m in bets received by retail, Twin River led the way with $6m, while Tiverton Casino took $2.4m in wagers. Despite the large disparity in handle, Tiverton Casino actually accumulated more revenue, generating $288,000 to Twin River’s $206,0..
Sports betting revenue in Ohio fell by over 40% in February, despite the Super Bowl early in the month.
Sports betting revenue dropped 41.4% to $66.3m (£52.8m/€61.5m) in February from January’s figure of $113.1m. February’s revenue was also 18.5% down year-on-year, with Ohio accumulating $81.3m in the same month last year, which was the second month of its sports betting market launching.
Ohio also saw a 17.2% decrease in handle, from $810.4m in January to $671.1m in February. However, February’s handle amount was 5% more than the $639m in bets received in the same month last year.
$599.7m was paid out in winnings during February, while $28.3m was written off as promotions. Taxable revenue amounted to $67.6m.
Ohio’s online sports betting sector continues to dominate the market. It was responsible for $66.4m in revenue and $657.7m in handle, the latter of which accounts for 98% of the monthly total. Retail actually finished in the red for the month, losing $122,288 during February.
..
Gambling revenue in Nevada increased 8.5% year-on-year to $1.34bn (£1.07bn/€1.25bn) in February, driven by growth within the baccarat segment.
Revenue was clear of $1.24bn in February last year. It was also 4.7% higher than $1.28bn in January this year – the strongest opening month to a calendar year in Nevada history.
Slots drew the most revenue at $827.6m for the month, an increase of 0.6% from 2023. Of this total, $536.6m came from multi-denomination slot games and $207.6m penny slot machines.
However, only multi-denomination slot games reported growth in February. Revenue was lower across all other game types within this segment.
Baccarat was the highest area of growth during February. Revenue here was 75.5% higher at $180.1m. Blackjack revenue was also up 15.6% to $132.5m with craps revenue rising 22.0% to $44.7m.
Other areas of growth include Ultimate Texas Hold’em, where revenue edged up 4.4% to $18.0m, and pai gow poker 4.7% to $10.4m.
Sportsbook revenue rises as Nevada ..