Sports betting is a type of gambling where participants place wagers on events or games. There are many types of sports bets, including straight bets, futures bets and prop bets.
Betting on futures is popular because it offers more betting action than a straight bet. It also tends to offer larger potential payouts.
Futures bets are typically placed on teams and athletes to win major tournaments or awards. They’re a great way to get started in sports betting.
These bets are often more difficult to predict than a straight bet, but they can pay out big money when the event is won. Examples include wagering on a team to win the Stanley Cup or betting on a golfer to win next year’s Masters tournament.
Although sports betting has been legal in the United States for more than five years, it has experienced a huge boom since the overturning of PASPA in May 2018. Nevada used to have a monopoly on the activity, but now more than 33 states and Washington DC are offering online and mobile sports betting options. Several other states are seriously discussing legislation that would make sports betting legal in their state.