MatchPay changes the game, so now every MatchPay sportsbook is effectively a PayPal sportsbook, Venmo sportsbook, Cash App sportsbook, or sports betting site that accepts the US-only Zelle Pay instant-pay service.
In the United States a sportsbook or a race and sports book (sometimes abbreviated as book) is a place where a gambler can wager on various sports competitions, including golf, football, basketball, baseball, ice hockey, soccer, horse racing, greyhound racing, boxing, and mixed martial arts. The method of betting varies with the sport and the type of game. In the US, the Professional and Amateur Sports Protection Act of 1992 only allowed Nevada, Oregon, Montana, and Delaware to legally wager on sports (other than horse racing, greyhound racing, and jai alai); the law was ruled unconstitutional on May 14, 2018, freeing the states to legalize sports betting at their discretion.
Winning bets are paid when the event finishes, or if not finished, when played long enough to become official; otherwise all bets are returned. This policy can cause some confusion since there can be a difference between what the sportsbook considers official and what the sports league consider official. Customers should carefully read the sportsbook rules before placing their bets.
- While MatchPay is currently limited to Bovada at launch, Bovada is an all-in-one gambling site with sports betting, a full casino (including live dealer games), a full tournament poker room, and an international racebook featuring horse racing action from around the world. In due time, you can expect the following types of gambling sites to accept MatchPay, including Bovada's sister sites.
- BitCoin, CashApp, Venmo, PayPal, Apple Pay Why Global Sportsbook? EASY DEPOSIT OPTIONS. ONLINE SINCE 2001. A+ RATED REVIEW. 24/7 VIP SUPPORT MILLIONS OF SATISFIED CUSTOMERS. 1000+ SPORTSBOOK MARKETS AVAILABLE $29,864,768 CASINO JACKPOTS PAID.
- Venmo is a digital wallet that makes money easier for everyone from students to small businesses. More than 60 million people use the Venmo app for fast, safe, social payments. Fast, safe, social payments. Join more than 60 million people who use the Venmo app.
- To play at gambling websites or US sportsbooks that accept Venmo, you need to open an account. You can do this either online or by downloading the app to your Apple or Android device.
The betting volume at sportsbooks varies throughout the year. Bettors have more interest in certain types of sports and increase the money wagered when those sports are in season. Major sporting events that don't follow a specific schedule, like boxing, can create peaks of activity for the sportsbooks.
Nevada[edit]
Most of the United States sportsbooks are located in Nevada. Now that many casinos share the same parent company, they offer exactly the same wagering choices and odds, which is a disadvantage to the astute gambler who in the past could do more shopping for better prices.
In 1949, Nevada allowed bookmakers to accept bets on horse racing and professional sports.[1] The first Nevada sportsbooks were called Turf Clubs. They were independent from the casinos and had an informal agreement with the hotels that they would stay out of the casino business as long as the hotels stayed out of the sportsbook business. The sportsbooks had to pay a 10 percent tax so they charged a high vigorish to gamblers, but they still brought enough business to make a profit.
In 1974 the tax was lowered to 2 percent,[1] in 1983 to 0.25 percent, and in 1975 Frank Rosenthal, who ran the Stardust Casino, convinced legislators to allow sportsbooks in the casinos, and soon nearly all of the casinos added them. The turf clubs were no longer able to compete and eventually all closed.
Nevada casino sportsbooks generally feature betting windows, big screen televisions, interactive betting stations, odds boards (usually computerized), papers with different odds for the day, and places to sit and watch games and races.
Some casinos use third-party operators for their sportsbooks, such as Cantor Gaming, Leroy's, Lucky's, and Club Cal Neva. In 2011, British bookmaker William Hill agreed to buy the Leroy's, the Lucky's, and the Cal Neva chains, which would give it control of 115 of the state's 183 books.[2]
The Super Bowl is the most popular event for the Nevada sportsbooks. They earned $7.2 million on the $99 million wagered on it in 2013. Because it attracts many unsophisticated bettors, as of January 2014 the books had made money on 21 of the previous 23 Super Bowls, with an average win of $5.5 million over the previous 10 years. The most profitable Super Bowl was in 2005, when the Philadelphia Eagles covered the spread against the favored New England Patriots, earning the books $15.4 million. The two losses were in 1995—when the San Francisco 49ers defeated the San Diego Chargers—and 2008—when the favored Patriots lost to the New York Giants, costing the books $2.5 million.[3]
Delaware[edit]
In 2009, a bill passed to allow betting on almost every sport.[4] That year, the NFL, MLB, NHL, NBA, and NCAA filed a lawsuit against the state of Delaware, claiming their sports books were violating federal law.[5] The US Supreme Court ruled that the law partially violated the federal law, and Delaware was only allowed to offer parlays on NFL games.[6] Delaware's three racetrack casinos—Dover Downs, Harrington Raceway & Casino, and Delaware Park Racetrack—have sports books.[7] Each sportsbook has multiple televisions, large tote boards and stations for people to wager. During the 2011 NFL season, the three sports books generated $4.4 million in revenue for the state.[8] On June 5, 2018, the casino sportsbooks in Delaware expanded sports betting to single-game and championship wagers on professional and college sports (excluding Delaware college teams) including football, baseball, basketball, hockey, soccer, boxing/MMA, golf, and auto racing.[9][10][11]
See also[edit]
References[edit]
- ^ abMorin, Charles H.; et al. (Commission on the Review of the National Policy Toward Gambling) (1976). Gambling in America (Report). Washington, DC: US Government Printing Office. p. 130.
- ^Carey, Dave (May 24, 2011). 'William Hill holds the cards in future of sportsbook technology'. Covers. Retrieved April 1, 2012.
- ^Drape, Joe (January 28, 2014). 'Putting a Lot on the Line'. The New York Times. pp. B10. Retrieved February 5, 2014.
- ^Millman, Chad (May 13, 2009). 'Delaware Allows Sports Betting'. ESPN. Retrieved January 30, 2012.
- ^Raitz, Maureen (July 4, 2009). 'Major U.S. sports leagues file lawsuit to block Delaware sports betting'. Sussex Countian. GateHouse Media. Retrieved April 13, 2012.
- ^Richey, Warren (May 3, 2010). 'Supreme Court turns back Delaware bid to expand sports betting'. The Christian Science Monitor. Retrieved April 13, 2012.
- ^'Ready. Set. Bet! Sports Lottery at Delaware Racetracks'. Delaware Lottery. Retrieved April 13, 2012.
- ^'Delaware Sports Lottery'. Delaware Lottery. Retrieved April 30, 2012.
- ^Lehman, Tom (May 31, 2018). 'Delaware to Begin Offering Full-Scale Sports Betting on Tuesday'. Salisbury, MD: WBOC-TV. Retrieved May 31, 2018.
- ^Lehman, Tom (June 5, 2018). 'Delaware Launches Expanded Sports Betting'. Salisbury, MD: WBOC-TV. Retrieved June 5, 2018.
- ^'Sports Pick - How To Bet Guide'. Delaware Lottery. Retrieved May 31, 2018.
If you live in the United States, you can legally bet on sports online.
And best of all, you can do so whether or not your state has actually legalized domestic online sports betting!
While there are two exceptions (the states of Connecticut and Washington have laws against all forms of online gambling, though these are historically unenforced), residents in 48 of 50 states can lawfully bet real money on sports over the Internet.
The only caveat is that if there are no local options, they must use legal online sports betting sites that operate outside of US jurisdiction and hold legitimate licenses in their own home countries.
In 1949, Nevada allowed bookmakers to accept bets on horse racing and professional sports.[1] The first Nevada sportsbooks were called Turf Clubs. They were independent from the casinos and had an informal agreement with the hotels that they would stay out of the casino business as long as the hotels stayed out of the sportsbook business. The sportsbooks had to pay a 10 percent tax so they charged a high vigorish to gamblers, but they still brought enough business to make a profit.
In 1974 the tax was lowered to 2 percent,[1] in 1983 to 0.25 percent, and in 1975 Frank Rosenthal, who ran the Stardust Casino, convinced legislators to allow sportsbooks in the casinos, and soon nearly all of the casinos added them. The turf clubs were no longer able to compete and eventually all closed.
Nevada casino sportsbooks generally feature betting windows, big screen televisions, interactive betting stations, odds boards (usually computerized), papers with different odds for the day, and places to sit and watch games and races.
Some casinos use third-party operators for their sportsbooks, such as Cantor Gaming, Leroy's, Lucky's, and Club Cal Neva. In 2011, British bookmaker William Hill agreed to buy the Leroy's, the Lucky's, and the Cal Neva chains, which would give it control of 115 of the state's 183 books.[2]
The Super Bowl is the most popular event for the Nevada sportsbooks. They earned $7.2 million on the $99 million wagered on it in 2013. Because it attracts many unsophisticated bettors, as of January 2014 the books had made money on 21 of the previous 23 Super Bowls, with an average win of $5.5 million over the previous 10 years. The most profitable Super Bowl was in 2005, when the Philadelphia Eagles covered the spread against the favored New England Patriots, earning the books $15.4 million. The two losses were in 1995—when the San Francisco 49ers defeated the San Diego Chargers—and 2008—when the favored Patriots lost to the New York Giants, costing the books $2.5 million.[3]
Delaware[edit]
In 2009, a bill passed to allow betting on almost every sport.[4] That year, the NFL, MLB, NHL, NBA, and NCAA filed a lawsuit against the state of Delaware, claiming their sports books were violating federal law.[5] The US Supreme Court ruled that the law partially violated the federal law, and Delaware was only allowed to offer parlays on NFL games.[6] Delaware's three racetrack casinos—Dover Downs, Harrington Raceway & Casino, and Delaware Park Racetrack—have sports books.[7] Each sportsbook has multiple televisions, large tote boards and stations for people to wager. During the 2011 NFL season, the three sports books generated $4.4 million in revenue for the state.[8] On June 5, 2018, the casino sportsbooks in Delaware expanded sports betting to single-game and championship wagers on professional and college sports (excluding Delaware college teams) including football, baseball, basketball, hockey, soccer, boxing/MMA, golf, and auto racing.[9][10][11]
See also[edit]
References[edit]
- ^ abMorin, Charles H.; et al. (Commission on the Review of the National Policy Toward Gambling) (1976). Gambling in America (Report). Washington, DC: US Government Printing Office. p. 130.
- ^Carey, Dave (May 24, 2011). 'William Hill holds the cards in future of sportsbook technology'. Covers. Retrieved April 1, 2012.
- ^Drape, Joe (January 28, 2014). 'Putting a Lot on the Line'. The New York Times. pp. B10. Retrieved February 5, 2014.
- ^Millman, Chad (May 13, 2009). 'Delaware Allows Sports Betting'. ESPN. Retrieved January 30, 2012.
- ^Raitz, Maureen (July 4, 2009). 'Major U.S. sports leagues file lawsuit to block Delaware sports betting'. Sussex Countian. GateHouse Media. Retrieved April 13, 2012.
- ^Richey, Warren (May 3, 2010). 'Supreme Court turns back Delaware bid to expand sports betting'. The Christian Science Monitor. Retrieved April 13, 2012.
- ^'Ready. Set. Bet! Sports Lottery at Delaware Racetracks'. Delaware Lottery. Retrieved April 13, 2012.
- ^'Delaware Sports Lottery'. Delaware Lottery. Retrieved April 30, 2012.
- ^Lehman, Tom (May 31, 2018). 'Delaware to Begin Offering Full-Scale Sports Betting on Tuesday'. Salisbury, MD: WBOC-TV. Retrieved May 31, 2018.
- ^Lehman, Tom (June 5, 2018). 'Delaware Launches Expanded Sports Betting'. Salisbury, MD: WBOC-TV. Retrieved June 5, 2018.
- ^'Sports Pick - How To Bet Guide'. Delaware Lottery. Retrieved May 31, 2018.
If you live in the United States, you can legally bet on sports online.
And best of all, you can do so whether or not your state has actually legalized domestic online sports betting!
While there are two exceptions (the states of Connecticut and Washington have laws against all forms of online gambling, though these are historically unenforced), residents in 48 of 50 states can lawfully bet real money on sports over the Internet.
The only caveat is that if there are no local options, they must use legal online sports betting sites that operate outside of US jurisdiction and hold legitimate licenses in their own home countries.
Nevertheless, there is usually one particular roadblock that prevents many USA gamblers from signing up with these operators, and that's the online sports betting banking methods they support.
Due to the UIGEA gambling law that disallows domestic American banks from knowingly processing payments to and from non-US-regulated gambling outlets, credit and debit card deposits are sometimes declined.
While a declined payment does not mean you've committed any crime or that your card has been flagged or disabled, it's an inconvenience that no sports bettor wants to face – especially when the day's game kicks off in a few minutes and you need your account funded ASAP.
Many bettors think that an easy way to get their bankrolls topped off in a hurry would be to use P2P money transfer services like PayPal, Venmo, Cash App, and Zelle Pay.
However, in part due to the UIGEA and other restrictions, these companies do not allow such international transactions.
In the case of Venmo and Zelle Pay, these service are USA-only, which means there's no way to use either to send or receive money to or from your offshore betting site of choice.
In the case of PayPal and Cash App, the former can be used for international transfers that are not gambling related, while the latter – though available in many countries – can only be used by parties physically inside those individual countries. International Cash App transfers are not allowed.
As these services are by far the most popular vehicles for person-to-person transactions, and since tens of millions of Americans use these services every day, international betting sites open to USA gamblers are at a decided disadvantage in not being able to process such payments.
However, that is no longer a problem!
At Bovada, the most popular online betting site in the United States, there is a brand-new deposit option that allows bettors to use PayPal, Venmo, Cash App, and Zelle to make rapid sportsbook deposits.
So, how is this possible, given the international limitations outlined above?
Because Bovada – as is their wont as an industry leader – now supports the new MatchPay betting deposit service, which makes it possible for US-based online gambling enthusiasts to finally deposit with the aforementioned P2P services.
What is MatchPay?
Venmo Sportsbook
MatchPay is a third-party money transfer service that works in a unique and ingenious way.
Essentially, MatchPay allows members at online retailers and merchants to sell their account balances – in part or in full – to other members at those same Internet storefronts.
While businesses must choose to participate in MatchPay's program, the following is how MatchPay works for those that do. And since Bovada is the first online gambling site to support the platform, we'll use Bovada MatchPay for our example below.
How MatchPay Works
Let's say you want to sign up at Bovada but your credit or debit card has been declined, and you don't want to make a Bitcoin gambling deposit because you're not into the whole cryptocurrency scene.
However, you do have a PayPal account, and you'd prefer to make a PayPal betting deposit to fund your online wagers.
Normally, you'd be out of luck. SOL, even.
But with MatchPay, you can now use PayPal to transfer money to another Bovada member who has elected to put a portion of their account balance up on the MatchPay Trader service.
Once this player receives your PayPal payment (or other supported P2P payment) – which is overseen and guaranteed by both Bovada and MatchPay – your account will then be credited with the amount you've sent.
In short, MatchPay allows Bovada players to make easy account transfers using the world's most popular payment platforms.
How To Deposit With MatchPay
While this is covered in detail at our MatchPay page linked above, the basics for how to deposit with MatchPay are simple to understand.
First off, of course, you will need an account at Bovada, as Bovada Sportsbook is the only legal online betting site that currently offers support for the platform.
Once you're a member at Bovada, simply log in, go to the deposit section of your account portal, and select the MatchPay option. (Alternatively, new members can select this deposit method during the sign-up process itself.)
There, you'll be asked to enter your MatchPay Trader ID, and you'll be able to use the site's plug-in to sign up for MatchPay if haven't already. The service is free, and joining takes about two minutes.
Then, simply enter the amount of money you'd like to add to your account via the MatchPay service.
Next, MatchPay automatically pairs you with a Bovada member who is also a MatchPay Trader, to whom you can send the requisite funds by using any of the following P2P services:
- PayPal
- Venmo
- Cash App
- Zelle Pay
Once your funds clear and the Bovada member receives your money, Bovada will transfer the appropriate account balance from their sportsbook account to your sportsbook account, and you'll be ready to wager.
The entire process to deposit with MatchPay takes 10-15 minutes, and these deposits come with the standard sportsbook bonuses and membership perks you expect.
Ultimately, MatchPay is a true gamechanger in a market where those are few and far between. Kind of like Patrick Mahomes.
Venmo Sportsbook Login
And though we still think that crypto deposits (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, etc.) are the way to go long-term, there are potentially millions of sports betting fans out there who will benefit from MatchPay allowing them to make PayPal sportsbook deposits, Venmo sportsbook deposits, Cash App sportsbook deposits, and Zelle sportsbook deposits.
Can You Use Venmo For Gambling
Further, because MatchPay opens the door to a whole new class of clientele that wasn't able to deposit and bet before, it's only a matter of time before the entire industry adopts MatchPay or similar services for their customers.
Online Sportsbook Venmo
If you ever wanted to bet on sports with PayPal or another popular P2P instant-pay app, now you finally can!