Sports betting can be easily undertaken through online websites. There are several top betting sites on the internet and each one of them has separate ways and methods of conducting sports betting. Each site has its own rules and regulations governing sports betting activities. In order to take part in sports betting online, you have to register with such sportsbooks. The sportsbooks usually charge reasonable rates for sports betting activities.
On 4th September, the National Collegiate Athletic Association or NCAA, along with the Professional and Amateur Sports Protection Association or PAPA, held its first ever sports betting open tournament. Several prominent sportsbooks were among the 10 winning entries in the tournament and they received cash prize money as well as induction to the PAPA’s Sport Sponsoring Rights Contract or SPLC. Apparently, the Supreme Court has recently ruled that the NCAA’s anti-trust policies and amateurism rules were legal sports betting practices. The verdict was delivered by the Supreme Court’s Associate Justice John Paul Stevens.
Stevens delivered his decision via email, citing both the negative impacts of the ruling on the legitimate online sports betting industry and the positive results which will result from it. He also referred to the long-term effects of the ruling on the sports betting online operators. Stevens however expressed his opinion that the anti-trust laws implemented by the NCAA will benefit not only the leagues universities and schools but also individual players, coaches and cheerleaders. He also hoped that the ruling would prevent the implementation of a system of mandatory bets, which he described as a sports betting system’s “abomination”. Stevens further stated that there will be more opportunities for operators to earn revenue through sports betting online and that the ruling will encourage operators to build better interfaces between bettors and the sportsbooks.
The ruling has generated a mixed reaction from operators who have already started operating their sportsbooks. Some are disappointed at the turn of events, while others welcomed the opportunity to increase their share of the market through bettors who are now able to place bets on games without having to worry about the high costs of betting via telephone lines and other unreliable means. Some analysts view the ruling as a sign that the courts are tending to side with the consumers more often than against them. Betting companies had previously been able to charge outrageous rates for placing bets on sporting events via phone lines and other public sources. Several operators had even resorted to unethical business practices such as providing lines with bad connections in order to encourage people to place bets. The new law however, according to them, will rein in these kinds of activities.
Betting companies were quick to welcome the decision, but several sports books and gaming websites have called for the immediate cessation of all online betting activity. The legal sports betting market in the United States has seen a sharp decline in its revenue in recent years, largely caused by the ban of sports betting across state lines implemented by the National Collegiate Athletic Association. This meant that any NCAA tournament game which was being played outside a specific college would not be available to bet on by either enthusiasts or members of the teams. As a result, many fans took to the internet to cheer for their school teams no matter where they lived and this created a major rift in the online betting community. State lines are still in place in several other sports including football, but it is expected that the trend towards online betting on non-collegiate sports will soon grow strong.
Many analysts expect this trend to expand into other areas including major tournaments such as the NBA playoff series and World Series. As it stands right now, there are still millions of Americans who would rather go to the sports book to place a bet on their favourite team rather than using the now banned lines. This means that those individuals who are still placing bets using the line shopping model may not enjoy the same level of success as they had before the ban. In fact, it is also possible that sports betting sites could see a drop in members within the next few months because of the popularity of the no-lines option. For now though, the top betting sites seem to be enjoying a solid year-over-year increase in members and the betting process itself.