Texas, the largest state in the South, still awaits the day it can bet on sports. While the legislature took steps to try to legalize Texas sports gambling in 2022 and again this year, the season ended without a deal. There’s new optimism for next year, as a highly competitive gubernatorial race puts sports betting in the spotlight in Texas. Although it is not a major issue in the campaigning, both the candidates have mentioned the possibility of legalization in future. This comes as no surprise after the successful implementation of sports betting in other southern states such as Louisiana and Tennessee. These states have also seen an unprecedented drop in tax revenue, with more people and money being staked than previously estimated. New York, another state with a similar population, reported handling of more than a billion dollars in June alone.
If Texas online sports betting becomes legal, Texas sportsbook sign-up offers and Texas sportsbook promotional codes will be very popular with new bookmakers in Texas. Before proceeding to Texas Online Sportsbook, new bookmakers should be familiar with general online sportsbook terminology. Here’s a guide to sports betting terms from our friends at SportsLine that will help you prepare in case Texas online sportsbooks become a reality.
How to Bet on Sports in Texas When Legal
There are many ways you can place sports bets, both online and in retail sportsbooks, and there are plenty of bet types you’ll want to familiarize yourself with.
Units: A unit is a fraction of the total amount specified by the gambler to bet on any individual bet. For example, if your bankroll is $2,000, a bet of 2 percent, or $40, would be one unit. This is a way to gamble responsibly and never lose too much on any one bet. Most professional bettors use a unit system to evaluate performance rather than dollars because everyone’s unit size is different.
ROI: After determining your bankroll and units, bettors use ROI to evaluate performance. Like any business, estimating your return on investment (ROI) gives you an idea of how strong a gambler you are and what you expect to earn or lose on sports betting over time. Knowing your return on investment can give any speculator confidence that they are gambling responsibly and more importantly, when to stop.
Edge: Edge in sports gambling refers to when a sports gambler believes they have a great bet based on the value they offer to it. You will hear this mostly from professional speculators who study the lines and try to take the edges in order to be profitable in the long run.
Where to get the best Texas sports betting advice
If you’re looking for the best prices on board in Texas or elsewhere, be sure to check out SportsLine, which specializes in Vegas picks, DFS advice, and season-long fantasy sports projection.
An industry leader, SportsLine.com offers advanced computer modeling, expert selection, news and analysis of all the biggest events in sports. This can help you identify which sports will give you the greatest statistical advantage. Plus, you’ll have access to a team of over 40 experts.
SportsLine provides betting advice in four major professional sports, college sports, golf, tennis, soccer, combat sports, horse racing, auto racing and more. It is a proven resource for sports bookmakers around the world. You can sign up here to enjoy all the sports betting and fantasy sports advice that SportsLine has to offer. Then, use your knowledge to ditch Texas online sports betting when it’s a reality.