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..
Players in Indiana spent $500.8m (£401.9m/€470.1m) betting on sports during March, an improvement on last year and only narrowly lower than the state’s monthly record.
Handle was 15.7% higher than $433.0m in Indiana in March last year and 22.5% more than $408.7m in February. The total was also just 2.5% behind the all-time monthly high of $513.7m posted in November 2023.
Basketball again proved the most popular sport to wager on, drawing a total of $167.9m in total bets in March. The state is home to National Basketball Association team the Indiana Pacers.
In contrast, $9.9m was wagered on baseball and just $1.7m American football. A further $173.0m was bet on other sports and $148.1m parlay bets.
Indiana revenue dips to $39.4m
While handle was higher year-on-year, the same could not be said for revenue. In total for March, taxable adjusted gross revenue amounted to $39.4m.
The monthly revenue total was 7.9% lower than $42.8m in March 2023 and only 3.7% more than $39.0m in Februa..
Players in Kansas wagered a total of $252.9m (£201.8m/€236.3m) on sports during March, just shy of the Sunflower State’s monthly record.
Handle was 28.4% higher than $197.0m in March last year and 24.6% ahead of February this year. It was also just 3.1% lower than the Kansas record of $260.9m in November 2022.
Of this total, $243.2m was bet online, while $9.7m was wagered at retail sportsbooks across the state.
In terms of revenue, this amounted to $7.1m in March. The figure was 22.0% lower than the $9.1m generated last year but 129.0% ahead of February’s $3.1m haul.
All revenue in March came from online betting, with retail failing to generate any revenue for operators. It was also noted that the state collected $714,697 in sports betting tax during the month.
DraftKings and Boot Hill retain the lead in Kansas
Having taken the lead in February, DraftKings and partner Boot Hill remained out in front in the Kansas online market. During March, the partnership generated $4.7m in re..
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 ..
Sports betting revenue in Colorado declined 27.1% to $25.8m (£20.3m/€23.8m) in February, despite the Centennial State reporting an increase in player spending.
Revenue was down year-on-year from $35.4m in February 2023. Colorado’s monthly total was also 51.8% less than the $53.5m posted in January of this year.
Online betting generated $25.9m in gross gaming revenue in February. However, a $144,982 loss from retail betting pushed the monthly total down slightly.
This decline came despite handle in Colorado climbing 8.6% from $494.4m in February last year to $537.0m. However, this figure was 10.0% behind the $596.7m bet during January.
Online wagers for the month amounted to $533.5m, while a further $3.5m was bet at retail sportsbooks across the state.
Basketball the sport of choice for Colorado bettors
Breaking down the market sport by sport, basketball proved the most popular with Colorado players in February. Some $229.8m was bet on basketball during the month, accounting for s..
FanDuel CEO Amy Howe extended an olive branch to California tribes in a panel discussion Tuesday (9 April ) morning at the Indian Gaming Tradeshow & Convention, acknowledging that any future of California sports betting will be done “with and through” tribal operators.
Howe was joined onstage by CNIGA chairman James Siva as well as Jacob Mejia, director of public affairs for Pechanga Development Corporation, both of whom lauded the CEO for being willing to engage in such discussion after the two sides’ previous vitriol.
FanDuel, DraftKings and other commercial operators burned hundreds of millions in 2022 by lobbying for and promoting Proposition 27, an initiative that would have legalised online sports betting in California but was soundly rejected by state voters.
Tribes did offer their own initiative – Proposition 26 – that was also rejected by voters, however tribal leaders have maintained that the overall goal was to oppose and defeat Proposition 27 rather than promote and p..
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.
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