Jan 06, 2021 Shares of Toronto-based Score Media and Gaming Inc. Surged after Canada unveiled legislation in November to legalize single-event sports betting, following in the footsteps of multiple U.S. Canada’s sports betting revolution is steadily, finally, approaching. Joe Callaghan is a Toronto-based sports and feature writer based and a freelance contributor for the Star. Jan 17, 2021 With its sports betting app already closely tied to its sports media app, Score executives think they may have an advantage in the Great White North similar to what FanDuel and DraftKings have in. Important Sports Betting Terms Side: The side is the Point Spread (a bet “against the spread”) or in baseball, the Run-Line, and in hockey, the Puck-Line. Money: This is the “Moneyline” bet where sportsbooks adjust the price of the wager instead of using a point spread to handicap a sports matchup. TheScore has built up one of the top sport media brands in the US and Canada, giving it great potential to become a leading sports betting operator. The company has seen massive success in New.
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How Does Covid Affect Sports Betting?
The coronavirus pandemic has changed the lives of millions of people around the world. Professional gamblers and betting companies were no exception.
It became impossible to maintain the traditional routine, including betting, if one wished.
But how much has the coronavirus affected the betting industry and how are things now? Meta.reviews give examples from specific countries.
Sweden
With the pandemic in Sweden, the demand for the services of illegal bookmakers has increased. They are preferred by about a third of the players. According to experts, this trend reflects the fact that unregistered bookmakers offer more bonuses and promotions than licensed offices. At the same time, Swedish laws do not provide for punishment for playing in an illegal office.
UK
In the UK, betting has become a tool for fighting boredom. The number of players has grown, and those who regularly made online bets before the pandemic did not reduce their betting activity during it. Some (28%) even started betting more often. 41% of UK gamblers have opened new accounts with other bookmakers.
The government has responded to such activity by imposing a daily betting limit of £50. Also, during the quarantine period, a ban was imposed on bookmakers’ use of topics such as coronavirus and self-isolation for advertising purposes.
Belgium
Belgium has a player limit. For 7 days, the amount of the deposit must not exceed 500 euros. At the same time, representatives of the country’s gambling regulator urge players to report violations by bookmaker companies that allow you to deposit the amount exceeding the limit.
Russia
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In Russia, the authorities did not impose strict restrictions. Except for the closure of land-based betting points, there are no changes in the work of operators.
Due to the cancellation of sporting events, the revenue of Russian offices in March fell by 40–45% compared to the average figures for January and February 2020.
Spain
During the quarantine period, the country’s authorities have banned any commercials that mention casinos and bookmakers. Also, bookmaker companies were forced to abandon promotions and bonuses.
Government officials believed that this approach would help retain old players and attract new ones.
USA
In the United States, betting shops and casinos, the activities of which generate the main income of the betting industry were closed. The authorities also suspended the issuance of gambling licenses during the quarantine.
In March, for example, New Jersey revenues from gambling dropped by half compared to 2019 (from $372.4 million to $187.1 million). In total, the industry lost about $43 million.
Of course, the demand for online betting has not just gone down, but it has gone up, but it does not affect the size of the industry’s losses that much.
The situation now
Now it is a little easier for bookmakers. Most countries have eased restrictions, many championships have been resumed, and because of that, the lines have become more diverse.
Small betting companies did not manage to survive the crisis, but due to their closures, the big ones have more customers.
Player preferences have changed. When the major championships in all sports were canceled, bettors switched to eSports. Now it has not lost its popularity. Many players appreciated the simplicity and speed of betting on this discipline.
According to bookmakers, the final recovery of the betting industry is still a long way off. For this, it is necessary that major sporting events begin to be held again without postponements and cancellations, as well as that the previously introduced restrictions on advertising are completely removed.
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What Does Tie Mean In Sports Betting?
by Doc's Sports - 10/10/2014
I’m sure all you all know what a tie is in sports - when two teams or individuals finish a game with the same number of points, and there is no winner. Mercifully, it is pretty tough for ties to happen in most sports. In basketball and baseball they just keep playing until there is a winner. Hockey uses a shootout to end ties in the regular season, and plays until it’s over in the playoffs. Football can have ties - at least in the NFL - but new overtime rules make it tougher all the time for one to actually happen. Only soccer consistently delivers ties - a contributing reason why it isn’t as popular here as other sports.
In sports betting, a tie means much the same thing, but it is slightly different - and more common as a result. The term tie in sports betting simply refers to a wager where no money was either won or lost. It is also commonly referred to as a push.
A tie can happen whether you are betting point spreads or totals. If, for example, a spread was three points, and the final score was 17-14 with the favorite winning. Whether you bet on the favorite or the underdog in that case you would not be a winner, but you also wouldn’t lose. You would get your entire bet back without penalty, and the sportsbooks would make nothing on the transaction. Similarly, if the total was 31 and the score was, again, 17-14 then neither over bettors nor under ones would be winners. They would both get a refund.
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For the most part a tie doesn’t mean much for bettors - it’s just a mulligan, giving you another chance to pick a winner next time. There are times, though, when you need to be very aware of what ties mean, and how they should impact your bet selection process. One good example is with parlays. Some sportsbooks will treat a tie in a game in a parlay as just a voided game. If you have a tie in a three-game parlay, for example, then the whole parlay will just change into a two-team parlay. No big deal. Other books, though, will treat a tie as a loss in a parlay. That means, then, that the spread you are betting it is actually a half point worse than the one it says you are betting. If you aren’t aware of this then it can be surprising - and costly.
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