Virginia Legislature Passes Casinos And Sports Betting Bills

The Virginia Legislature has passed legislation allowing casinos in five economically depressed cities and another bill allowing sports betting.

These two bills and some others passed during the 2020 legislative session are going to head to Gov. Ralph Northam for his signature. Both of them received bipartisan support and are expected to be signed into law, according to the Washington Examiner.

Danville, Norfolk, Richmond, Portsmouth, and Bristol are five cities which have the option to build a casino now. The issue must pass a city-wide referendum in November so the bill gives voters the final say. If it is passed by the electorate, ground could be broken on the properties and therefore, the Virginia Lottery would act as the regulatory body for casino gaming.

The legislation sets up a tiered tax plan that haves operators to be taxed anywhere from 18 to 30%. Casinos will be taxed 18% on the first $200 million of gross income, 23% from $200 to $400 million, and 30% on anything exceeding $400 million.

Although the bulk of that tax revenue will go to the state government, city governments will get a smaller piece because it budgets 6, 7, 8% of those same tiers to the city government housing the casino.

In terms of sports betting, Virginia followed Tennessee’s footsteps by passing a bill only legalizing online sports betting. In theory, city residents can vote against casino construction and there wouldn’t be anywhere to place a sports book. It would be much easier to pass additional legislation that would allow in-person betting than to follow the initial passage of the online bill.

The lottery will oversee the sports betting industry while operators will have any revenue taxed at 15%. Licenses will cost $250,000 for a three-year license and $200,000 for annual renewal.

It is prohibited to bet on Virginia college sports. A professional sports team relocating to Virginia will also be able to apply for a license.

Seven sports betting tips you need to go pro (part 3)

Individual tips and combinations

Individual tips are usually preferable for professional analysis. Combined bets may appeal with high amounts, but those who really want to win money almost exclusively rely on single tips. The probability of winning a multi-combination is very low, even with low odds. The smaller, but reliable sum of single tips won can be increased by placing larger stakes.

However, it can be worthwhile to combine a maximum of three events with a high probability of occurrence. Occasional mini combos cannot therefore be ruled out.

There are a variety of mobile tools designed specifically to help pro bettors make the best bet possible, for example Probet.

Probet is a football betting mobile app that combines professional football tips with a high win rate. It contains hundreds of football tips such as total goals scored, correct score or home/away wins, team stats, league standings and more, allowing you to make an informed decision.

Together with other useful features such as match highlights, sports filters or match alerts available in nine languages, the app continues to be very popular among serious football bettors.

Professional attitude and time expenditure

It sounds attractive to make sports betting your profession. But you don’t just need a financial cushion, you also need a professional attitude. Analyses before a game and evaluation of tips are indispensable. The search for current information is time-consuming. The work usually lasts several hours a day.

One can not afford personal preferences and sentimental attachments to the favorite team. An important difference to hobby sports betting is that the stakes are much higher. You need strong nerves, as well as patience. Dealing with the sport, the teams and their news requires attention. And to deal successfully with tables, statistics or even self-written algorithms and the development of strategies requires an analytical mind.

Top Sports Betting Apps (part 1)

Now it is a new era of digital sports betting. In the present, those who are fans of traditional sports betting and other fantasy variants have the freedom to choose from many sports betting apps that are available on the market or have yet to launch. Here are the most favorite sports betting apps in the world.

888 Sports

Free and available for both iOS and Android

888 Sports is a fast and easy to use sports betting app from one of the top bookmakers, allowing real-time betting on various events including football, tennis, and racing around the clock.

888 Sports has a simple and efficient UI, excellent settings, and dedicated search bar, helping users to easily find the best opportunities to bid in real-time. Its major features include enhanced win casts, live-in-play betting, top odds on hundreds of sports, thousands of live betting markets, as well as regular offers and promotions. 888 Sports helps players easily get access to their online account, funds, or check out their performance over time.

Moreover, this sports betting app accepts multiple payments by providing a wide range of secure deposit methods and withdrawals. 888 Sports is also a user-friendly betting app that can be accessed in different languages.

DraftKings

Available for free on iOS and Android devices

DraftKings offers large pools of daily and weekly amazing sports contests (both free and paid) in football, soccer, basketball, baseball, hockey, motorsport, and golf for cash prizes.

In DraftKings, players can choose from a range of formats like ‘Head-to-Head,’ ‘Double or Nothing,’ and ‘Qualifiers.’ DraftKings allows users to challenge their friends or compete against other ones in any sport as well as track the results in league-exclusive leaderboards. In addition, users can select their favorite leagues such as the PGA, NFL, MLB, NBA, and NASCAR. DraftKings is easy to navigate and allows users to create lineups and contests, make deposits or withdrawals, join contests in lobbies, and view live, upcoming, and completed contests. Winners are immediately paid out after a contest ends.