Can I legally bet on football in the U.S.?

Can I legally bet on football in the U.S.?

Sports betting is a widely popular industry worldwide. In the US, sports betting is a bit more restricted than in other international markets. Sports fans can bet on their favorite NFL teams through Daily Fantasy Sports, but what about traditional sports betting? While there are some laws that govern football betting in the US, bettors still have some legal options available to them.

The first federal law to consider when discussing sports gambling is the federal ban known as the Professional and Amateur Sports Protection Act, or PASPA. PASPA was enacted in 1992 in the hopes of thwarting the spread of sports betting. It bans sports betting in 46 states, the only exempted ones being Delaware, Montana, Oregon and Nevada. Out of these four states, Nevada is the only one with brick-and-mortar sportsbooks and single game betting. You can walk into a Las Vegas sportsbook and place a bet on an NFL game. This option is not available anywhere else. (more…)

Bet the Mortgage: Week 17, 2016

Bet the Mortgage: Week 17, 2016

It was more of the same in week 16. Andy, for the first time all season, fell below the $10,000 starting point in his bankroll, while Tony, after being close to mythically broke early on, inched back toward the break-even point.

With just one week left in the regular season, there’s nothing to hold back for – except, I suppose, for trying to hang onto their mythical money because they’re crappy bettors.

So here are the standings:

  Last week Last week $ Overall Overall $ Bankroll
Andy 1-3 -$450 24-38-2 -$400 $9,600
Tony 2-2 +$518 26-35-1 -$1,900 $8,010

 

And here’s the last regular season installment of “Bet the Mortgage,” which should probably more accurately be known as “Do the Opposite.” Here goes: (more…)

Bet the Mortgage: Week 17, 2016

Bet the Mortgage: Week 16, 2016

Brutal. After a decent start, Andy has had a brutal stretch of weeks that culminated in an 0-4 week 15. The losses knocked out all of his profit except a meager $50.

After a brutal start, Tony keeps meandering his way back toward even. His 2-2 week 15 was highlighted by $2,500 hits on Green Bay and New England.

Here are the standings:

Last week Last week $ Overall Overall $ Bankroll
Andy 0-4 -$3,900 23-35-2 +$50 $10,050
Tony 2-2 +$943 24-35-1 -$2,508 $7,492

Here are our picks for this week: (more…)

Bet the Mortgage: Week 17, 2016

Bet the Mortgage: Week 15, 2016

IF you’re going to go 1-3, get the right one correct.

Andy did so, nailing a $2,000 bet at +120 on Atlanta over the hapless Rams. If only he had wagered more. The remainder of his bets did not hit, but their total value on the line totaled $2,000. So, he came out $400 ahead.

Tony’s luck was not as good. After riding a solid winning streak for several weeks, his one win was on Cincinnati beating up even-more-hapless-Cleveland. His three misses tallied him a $1,602 loss for the week.

Here are the standings to date:

  Last week Last week $ Overall Overall $ Bankroll
Andy 1-3 +$400 23-31-2 +$3,950 $13,950
Tony 1-3 -$3,451 22-33-1 -$3,451 $6,549

And here are our pretend wagers for this week: (more…)

Bet the Mortgage: Week 17, 2016

Bet the Mortgage: Week 14, 2016

Stop me if you’ve heard this before. Andy and Tony went .500 last week, pocketed a small hypothetical profit and … yawn.

This was a lot more entertaining space to write when Tony’s bankroll was heading underwater and when Andy looked like he might be able to fund a mythical retirement.

Nonetheless, our pickers are back for another week of fantastic pretend gambling exploits.

Here’s where they stand.

Last week Last week $ Overall Overall $ Total bank
Tony 2-2 +$942 21-30-1 -$1,849 $8,151
Andy 2-2 +$661 22-28-2 +$3,580 $13,580

 

And here is their outlook on week 14:

(more…)

Bet the Mortgage: Week 17, 2016

Bet the Mortgage: Week 13, 2016

After a horrid start, Tony is now starting to talk about getting back to even someday. Andy is … wallowing in a little up, a little down. Boring.

Tony’s 3-1 mark was one gutty pick away from being an undefeated week. Andy was let down by the hobbled Angry-Tom-Brady-to-Rob-Gronkowski duo. Will he move on or is he stuck on them?

Here are the standings:

  Last week Last week $ Overall Overall $ Total Bank
Tony 3-1 +$2,628 19-28-1 -$2,796 $7,204
Andy 1-3 – $1,991 20-26-2 +$2,919 $12,919

 

It’s week 13. This has gone fast. Only five more weeks of this crap, err, I mean these bets to go… here’s another blind shot in the dark: (more…)