ΙΣΤΟΤΟΠΟΣ 2ης ΠΕΡΙΦΕΡΕΙΑΣ ΣΧΟΛΙΚΟΥ ΣΥΜΒΟΥΛΟΥ ΔΗΜΟΤΙΚΗΣ ΕΚΠΑΙΔΕΥΣΗΣ ΗΛΕΙΑΣ

п»їOnline gaming, sports betting off to roaring start in Michigan.
In-person sports betting in Michigan launched in March. Last week, bettors were able to place wagers online. (Photo by Edward Pevos | MLive)
Watching last weekend’s NFL conference championship games and other sporting events was a more enthralling experience than usual for Jack Abate, of Royal Oak.
Abate, 31, was one of thousands of Michiganders to take advantage of the highly anticipated launch of online gaming and sports betting in the state. At noon Friday, 10 Michigan casinos and their platform providers went live, offering either online sports betting, online gaming, or both.
By all accounts, the first few days were a huge success.
“There were no real reports of any outages -- maybe some lag here and there -- but nothing overly out of the norm in that regard. And also you had a great weekend for an opening. You had the conference championship games and you had the added bonus of a high-profile UFC fight (Dustin Poirier vs. Conor McGregor). So all in all, with the exception of maybe starting on Super Bowl Friday or the first round of the NCAA Tournament, you’re not going to get a much better opening slot.”
Michigan Gaming Control Board executive director Richard Kalm said revenue and wagering numbers from the opening weekend are not yet available, but there was a high level of activity.
Michigan and Virginia both launched online gambling late last week and combined for 7.5 million online gambling transactions across 400,000 accounts, according to data from GeoComply, which provides geolocation tracking services for the internet gaming industry.
Michigan and Virginia accounted for 25 percent of the overall volume last weekend across the U.S. market, which encompasses 17 states with legal online betting.
With Virginia launching just two operators, Altruda estimated two-thirds of the weekend’s new accounts and transactions were from Michigan.
Abate was one of many to partake in the jam-packed sports weekend. He said he signed up with two operators and placed about 10 or 12 bets, wagering on the moneyline and points total for the football games while focusing on props and various boost bets on basketball and hockey games.
“It kind of gives you a little bit more incentive to tune into a game that you may not have paid attention otherwise,” Abate said. “I’m not a big fancy guy for basketball, hockey or baseball, but now with online sports betting, it makes it a little bit more enjoyable to maybe turn on a game when any of my teams aren’t playing and sit down and watch maybe root for an over/under, a prop bet or something like that.
“Moving forward, I think people are gonna tune in to maybe an offseason sport that they may not be into as much now they can put some money on the line, have a little bit more skin in the game.”
Mike Raffensperger, chief marketing officer of FanDuel, which operates an online sportsbook and casino in nine other states, said he is encouraged by the company’s start in Michigan.
“Honestly, it was a kick-(butt) weekend,” Raffensperger told MLive. “I think our projections have proven right. Michigan has launched with incredible fanfare. I think we have exceeded our expectations in terms of consumer appetite for both our sports betting and our online casino product.”
Raffensperger declined to share specific numbers but said Michigan was “one of if not our most successful state launch.”
Penn National Gaming, Inc. which has partnered with Barstool Sportsbook, said on Twitter that it received more than $2 million in first-time deposits from players over the weekend.
Meanwhile, BetMGM reported that it had more than 200,000 successful logins by customers and more than 2 million casino spins in the first seven hours of going live.
“BetMGM’s launch in Michigan has been our strongest launch yet, by some margin,” BetMGM CEO Adam Greenblatt said in a statement. “The strength of demand has been impressive in both sports and gaming.”
Some of the most popular promotions were near-lock bets some operators were offering. For example, DraftKings offered a prop bet where consumers could double their money (up to a certain amount) if the Pistons made a single 3-pointer in one of their recent games.
FanDuel paid more than $1.7 million to Michigan customers on odds boost wins over the weekend, such as doubling the consumers’ money if the Pistons scored more than 10 points in the first quarter.
“They made it really fun and easy, whether it was your first time gambling or whether you’re a seasoned guy at sportsbook,” Abate said. “With tailoring things specific to Michigan, like Pistons prop bets or Red Wings, Michigan basketball and all that, I enjoyed that. The boosts made it fun.”
The online sports betting rate in Michigan is 8.4% after winnings are paid out, one of the lowest among states with legal sports betting. The tax and payment rate for internet gaming ranges from about 20% to 28%, depending on how much money a casino generates from online gambling.
Because of the competitive tax rates in the state, operators are enticed by the market. Kalm said five more operators are expected to receive MGCB approval shortly, giving consumers more options.
Overall, Altruda believes Michigan will be a top-five market in the country, along with New Jersey, Pennsylvania, Illinois and Nevada. He said he expects Michigan to reach a monthly handle of about $500 million, but noted that could vary based on different sports seasons.
Online gaming has the potential to bring in tens of thousands of dollars in tax revenue for the state, but Kalm said more time is needed to get an accurate projection.
“You’re going to need a longer picture at this,” he told MLive. “It’s a few weeks before the Super Bowl. It was a big betting weekend for the football playoffs, March Madness is coming, so there’s a lot of activity going on. You really have to look at this on a quarterly basis, spread it out a little bit more to see where Michigan is going to be and how they are going to compare to other states and what the actual revenue numbers are. And we don’t have all our operators up yet.”
Regardless, launching before the Super Bowl was paramount.
“It’s huge in the sense that you’re getting in the largest single betting sports event of the year,” Altruda said. “You’re getting attention, you’re attracting eyeballs, you’re going to get the normal sports bettors, but you’re also going to get the average sports bettors. The ability to attract the average bettor, who may only place one or two wagers at the same time, is now a registered user that you can reach out to and still draw from as a potential base in addition to the sports fans who are going to make multiple bets daily, monthly.”
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Tips for Successful Online Sports Betting in the USA.
Why are more and more people engaging in online sports betting in the US? It’s fun, simple, and an opportunity to make money. As a beginner, you shouldn’t be in a hurry to place wagers. As simple as online sports betting may be, it’s not that easy to do the right thing when you’re only starting out. If you approach things in an inappropriate way, you’ll probably not like sports betting at all and you certainly won’t be making any profits.
Here are three top tips for beginners trying to enjoy online sports betting from different sites such as the 888sport NJ, one of the leading US sportsbook .
Learn the Basics.
Knowing all the basics of online sports betting will place you in a better position to enjoy the experience. While the basics alone might not be able to help you make profits, they’ll no doubt get you on the right track.
Some of the things you need to be conversant with as a beginner include:
Sports wager components Betting with a bookmaker Meaning of fixed odds betting Types of sports wagers Sports betting alternatives.
Set Realistic Objectives.
It isn’t impossible to win a couple of wagers in sports betting. Any person who’s vaguely informed about a sport will possibly make an accurate prediction at one point or the other. But, there’s a huge difference between winning often to make a profit and only winning a small number of wagers. The former is very difficult.
The truth about sports betting is that most people lose money. And, as a beginner, there are higher chances of you losing than winning.
There are people who get into online sports betting with the notion that they can depend on their knowledge of sports to beat the bookmakers. That’s a mistake . Sure, you can make a profit from betting on sports, but you’ll definitely need to rely on more than just your sports knowledge.
A lot is required to become a good sports better. So, don’t think you’ll be winning right from the start. Stay away from unrealistic expectations. This way, you’ll avoid disappointments and frustrations.
Achievable goals would be to make money in the long term and learn, improve gradually, as well as enjoy yourself in the short term. Once you learn the ropes, you can set bigger and more complex objectives.
Have a Budget.
No matter your long-term or short-term goals, or how much money you have, you just have to set a budget . Remember, there is a higher probability of you losing than winning. That’s why you have to decide how much money you’re ready to risk. It’s better to ensure you don’t risk more if you end up losing.
You can set an annual, monthly, weekly, or daily budget; that’s all up to you. Just ensure your budget is affordable and stick to it.
No-one has an inexhaustible supply of cash. As such, spending excessively on betting may lead to endless problems. That’s why you have to manage your finances. There are certain expenses that are a priority. On the other hand, others like betting are optional. Betting with your disposable income is okay; however, betting with cash intended for other things isn’t. That’s when betting can begin to spin out of control and the results can be dire.
All that can be easily avoided by sticking to your budget. Online sports betting will be a lot more enjoyable when you can afford it and you needn’t worry about whether your wager loses or wins.




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