Best Person To Follow For Sports Betting
- Best Sports Betting Site
- How To Bet On Sports Professionally
- Best Person To Follow For Sports Betting Odds
- Best Sport To Bet On Professionally
- Sports Betting For A Living
Immediately upon arriving at @barstoolbets’ Instagram account, you will be able to tell.
Focus on One Team. On any given day, you’ll find hundreds of betting lines across. Sales Online Best Sports Betting People To Follow On Twitter Compare,Lowest Price Online Best Sports Betting People To Follow On Twitter Cons. Ghana Sports Live. Where To Order Pinnacle Sports Betting On Tennis Australian Open; Best Place To Find What Does Over Under Mean In Sports Betting. Sports Betting Sites Find the best sports betting sites to place your wagers at online. Sports Betting Picks Free daily sports betting and DFS picks from a team of expert sports handicappers. Sports Betting Strategy Sports betting. Sports information & sports betting.
Maryland legislators have begun to discuss regulation of the state’s newly approved legalized sports betting market, which includes mobile wagering.
Early debates in both chambers have focused on establishing a license distribution plan that is both equitable and profitable.
HB0940, introduced by Speaker Adrienne Jones, D-Baltimore County, establishes a regulatory framework that would set aside roughly $18 million annually to help fund the state’s new multi-billion dollar education plan, according to the bill’s fiscal analysis.
The bill establishes the legal age of sports betting at 18 years.
Maryland voters approved legalized sports betting on the ballot in November by a 2-1 margin.
All of Maryland’s neighboring states have successfully launched legalized sports betting markets.
“I’m hoping we can all get this worked out this year because we were behind the curve on passing casino legislation — many other states got a jump on us,” P.J. Hogan, a representative of the Rocky Gap Casino, which is close to the Pennsylvania and West Virginia state lines, told Capital News Service. “We’re almost behind the curve already on sports betting.”
While not a single group testified against the bill during its hearing last week, many had suggestions on how to improve different regulatory aspects of the legislation.
The Maryland Senate began similar debates through the Sports Betting Workgroup, chaired by Sen. Craig Zucker, D-Montgomery, who told CNS the group is merely listening to experts and interested parties as it prepares to work with the House on specific legislation.
Issuing licenses
The bill establishes three categories of sports wagering licenses: Class A being already licensed casinos and racetracks; Class B being other interested businesses such as stadiums, restaurants, and hotels; and mobile licenses for online wagering, which will cover an estimated 85 percent of the market share in Maryland, according to the Maryland Lottery and Gaming Control Agency.
Class A licences would be distributed by 2022 to the nine licensed casinos and racetracks in the state, according to the fiscal note.
Businesses would pay $250,000 as a Class A application fee and an additional $50,000 annual fee.
Class B licenses would be distributed to a maximum of five businesses and mobile licenses to a maximum of 10 businesses, numbers that many local and international businesses testified as being too small.
Businesses would pay $50,000 as a Class B application fee and an additional $10,000 annual fee.
Best Sports Betting Site
Mobile licenses would come with a $500,000 application fee and $100,000 annual fee.
John Pappas, the state advocacy director for iDEA Growth, a sports betting advocacy group, told CNS that limiting Class B and especially mobile licenses only hinders competition and lessens government funds raised.
“There is no policy benefit for the state to have a cap,” he told CNS. “The state benefits when there are more online licensees because those companies are required to pay upfront licenses fees. The market will expand and contract to what the market can support.”
Similar sized states to Maryland, such as Colorado and Indiana, have a cap of more than 30 mobile licenses, Pappas noted.
Pappas said that Indiana has consistently raised more government revenue over the past two years as it increased the cap on mobile licenses.
Maryland’s six Video Lottery Terminal licenced casinos, in a joint written testimony, proposed an amendment that would automatically license a mobile wager for licensed casinos, which Pappas said is a common regulatory framework in other states.
Including Minority-Owned Businesses
Another aspect of licenses debated by members of both chambers regards the inclusion of minority-owned businesses.
Politicians and business leaders noted during the committee hearings and workgroups that none of the original 15 businesses licensed to sell medicinal marijuana in Maryland were run by African Americans.
The bill would establish that the state conducts studies through a variety of agencies that determines whether minority- and women-owned businesses are at a disadvantage in the sports betting industry and what can legally be done to better promote equity, specifically in the distribution of licenses.
Malik Edwards co-founded Bet on Black LLC in response to the approval of legalized sports betting to advocate for equal opportunity in the industry.
Edwards told CNS he is pleased with the potential opportunity for minority business through Class B and mobile licenses, but proposes that these businesses are better identified early on in the application process, along with increasing the number of distributed licenses.
“Historically, in so many economic industries, there’s been exclusion — even in new fields where the economic opportunities are wildly anticipated — cannabis being one of them,” he told CNS. “We can’t just act like we’re starting from zero to equal when it comes to these new industries.”
Taxing revenue
The bill establishes a 15 percent tax on sports betting revenue, which jumps to 17.5 percent on annual mobile wager revenue above $5 million.
Low taxes are key to competing with illegal sportsbooks, which take in an estimated $2 billion in wagers from Maryland each year, according to the Lottery and Gaming Control Agency and Oxford Economics.
How To Bet On Sports Professionally
Only two states have a mobile wagering tax rate of more than 15%, while 9 states have a tax rate of 15% or less.
Sarah Koch, senior director of legal and government affairs for Draftkings, told CNS that Draftkings does not recommend Maryland taxes any more than 15% on sports betting revenue in order to compete with the illegal market.
“States have recognized that the tax rate needs to strike a balance between generating adequate revenue for the state while allowing operators to compete effectively with the robust offshore market,” Koch told CNS. “Keeping taxes fair and reasonable allows legal operators to offer competitive pricing and also to reinvest in the market.”
In terms of neighboring states, Pennsylvania’s mobile tax is 36%, Virginia’s is 15%, Washington D.C.’s is 20%, and West Virginia’s is 10%.
Taxes on in-person wagers tend to be higher and vary more state to state.
Casinos, P.J. Hogan told CNS, view in-person sports betting licenses as a way to compete with the appeal of casinos in neighboring states.
As more people come to the casinos to bet on sports, Hogan said, the hope is they also play other methods of gambling, which have a significantly better house edge.
The sports betting market is highly competitive, has a low margin of profit, and is extremely volatile, according to the Lottery and Gaming Control Agency — requiring vast expertise in the sportsbook and marketing industries.
States were granted the authority to legalize sports betting after the Supreme Court ruling on Murphy v. National Collegiate Athletic Association in 2018.
___
This article was provided to The Associated Press by the University of Maryland’s Capital News Service.
Best Person To Follow For Sports Betting Odds
If you want to make money betting on sports then follow Jon Price of Sports Information Traders. If you want great advice and tips then Twitter is one of the top sources for fast information that you can act on before the oddsmakers make an adjustment.
If you’re an avid sports bettor, chances are that you like to get your betting information each week from a variety of sources. You can never have too much perspective of a potential play, and it’s good to hear opposing point of views on your picks. One of the newer, but better and quickly growing resources for sports bettors is Twitter. So our team has compiled a list of the people on twitter that are the most influential and beneficial to sports bettors.
1. Scott Van Pelt
Twitter Handle: @notthefakeSVP
# of Followers: 280,998
Scott gained his popularity as being one of the wittier hosts of SportsCenter, but has branched out into a number of other avenues since then. His no nonsense style and ability to relate to fans and sports bettors is one of his biggest drawls. He strikes a good balance between entertainment and solid sports betting information, and we highly recommend Scott’s twitter and radio program as a solid source of information.
2. Colin Cowherd
Twitter Handle: @ESPN_Colin
# of Followers: 361,756
Colin is one of those characters that you either love or hate him. He’s sometimes controversial, but also tends to speak for the fans a lot, as well. He’s very partial towards his Seattle sports teams, but other than that Colin can be a dependable source for objective sports betting information on a weekly basis.
3. Bill Simmons
Twitter Handle: @sportsguy33
# of Followers: 1,754,551
A sometimes controversial character in his analysis, Simmons is a straight shooter who isn’t lacking in his fan-loyalty to his beloved Celtics and other Boston sports teams. Similar to Colin Cowherd, Simmons tends to be one of those characters that you either love or hate, but regardless of his persona, the guy delivers solid betting advice. Where as many hosts will indirectly offer betting tips and advice, Bill Simmons has been known to talk straight sports betting occasionally, and his twitter account is a good resource on an array of topics.
4. Darren Rovell
Twitter Handle: @darrenrovell
# of Followers: 226,572
One of the more active users on Twitter for sports betting talk is Darren Rovell. He puts out a lot of content on a daily and weekly basis, and much of it is aimed towards sports betting, or at least information that can benefit your sports picks.
5. Todd Fuhrman
Twitter Handle: @toddfuhrman
# of Followers: 14,123
One of the lesser popular people on our list, Todd Fuhrman, actually works for the bookmakers and provides real, inside insight into various betting picks and news. Compared to the rest of our list, Todd is still relatively new to the Twitter world, but his information is quality and reputable.
6. Beyond The Bets
Twitter Handle: @beyondthebets
# of Followers: 16,738
One of the few Twitter accounts directly related and dedicated to covering sports betting is Beyond the Bets. Also relatively new to Twitter compared to the rest of our list, but if you bet on sports on a daily basis, then you need to subscribe to Beyond the Bets and their sports information.
7. RJ Bell
Twitter Handle: @rjinvegas
# of Followers: 18,831
As the CEO of Pregame.com, RJ has access to plenty of rich and reputable sports betting information each and every day. Bell is known for giving out big game lines the second they’re available, before some major bookmakers even can post them. He’s a solid person to get updates from for his inside connections.
8. Covers
Twitter Handle: @covers
# of Followers: 20,063
One of the most popular sports betting forums and websites on the internet has a Twitter with plenty of updates and information on a daily basis that every sports bettor should take note of.
9. Chad Millman
Twitter Handle: @chadmillman
# of Followers: 33,137
Considered to be the main sports betting analyst at ESPN, Chad has great insight and access to great information. He does various columns and podcasts for ESPN that tend to lean towards the betting side of sports. As his role at ESPN has grown, he’s tweeted less and less, but is still a great resource for betting information and worth subscribing to.
10. Steve Fezzik
Twitter Handle: @fezziksports
# of Followers: 5,601
One of the few actual gamblers on our list, Steve is a very successful and well-known sports bettor. He offers a solid perspective and some inside information on various sports betting plays throughout the week.
So you just read about the best people to follow if you want that extra edge on twitter. We have over 5,000 different feeds and alerts we have customized to our algorithm to pick up on late breaking information, news, and injuries for the sports that we handicap here at Sports Information Traders the worlds best sports betting service what we want you to know however is that if you truly want an edge and want to excel at making money wagering on sports like Football, Baseball, and Basketball then you will have to speak with an analyst at sports information traders and learn the tips directly from the professional handicappers.
Best Sport To Bet On Professionally
As the SuperContest has showcased Jon Price is renowned as the greatest living sports bettor with a perfect start to the season. After going 5-0 against the spread he has proven his documented records are legitimate by posting his betting tickets for the entire world to see. In a world where a lot of touts and shills are out there trying to say that they are the best it’s rewarding to see and know that Sports Information Traders delivers as they say they do. We’ve received numerous complaints from those using a service by Its Vegas Dave saying that they take $9500 money orders only and that they will not receive any more plays if they talk negatively about his services along with fake tickets and same piles of cash have discouraged many from using legitimate betting services like Sports Information Traders who take pride in helping their clients.