When it comes to betting on sports, there are many different types of wagers you can make. Some are more complicated than others, but at their core, they all involve putting money behind an outcome you think will be achieved. For example, if you bet that team X will win or lose by a certain amount of points, that is known as a moneyline bet. If you bet that a team will win by fewer than a certain number of points, that is called a spread bet. In addition to placing a single bet, you can also place multiple bets together to form a parlay.
Before the Supreme Court ruling, the NFL had fought hard to keep legal sports gambling limited to Nevada. Now, however, they’re embracing the change and even partnering with sportsbooks on promotional efforts. We spoke to ESPN’s David Purdum to find out how the decision has changed the industry.
PURDUM: It’s totally changed everything, and I mean that in a huge way. The league has essentially been forced to be the judge, jury and executioner with this now because they’ve basically lost the fight in terms of preventing this from happening.
The NHL’s collective bargaining agreement explicitly states that “Gambling on any NHL Game is prohibited,” and this is reflected in every locker room around the league. The league constitution conveys similar information. However, players and other team and league employees are allowed to bet on non-NHL events, as long as they’re not inside a team’s facility or on the road. The NHL’s code of conduct prohibits seeking, offering or accepting a bribe to fix a match or event within a match, as well as making misuse of inside information that could reasonably be used for betting purposes.
If you’re interested in placing a bet, it’s important to investigate each site. Check for a safe and secure website, including a secure SSL connection to protect your personal information. Also, investigate the betting markets and odds offered. Some sites have a wide variety of betting options, while others are more focused on particular sports or events.
Kentucky legalized sports betting in 2023, with in-person sportsbooks launching in December and online in January. The state has nine horse racing tracks and Kentucky Speedway that each host three sportsbooks on their master licenses. In-state collegiate sports betting is permitted, but a Kentucky-only online sportsbook is not yet available. You’ll need to verify your identity to sign up for a sportsbook, so you’ll need to provide your name, date of birth, residential address, email address, cell phone number and last four SSN digits. You’ll also need to agree to the site’s terms and conditions and privacy policy. Some sportsbooks may also require scans of documents to validate your identity for KYC purposes. Others will automatically verify your identity through a database of known public records. This process can take a few days or longer, depending on the sportsbook’s policies.