While both Clemson and Georgia have talented players on the defensive side of the football, it’s worth pointing out that the Tigers have averaged 43 points per game in each of their last two seasons. Meanwhile, Georgia averaged 32.3 points per game a season ago in a stacked SEC. In other words, these teams are going to put up some points. There’s a certain old-fashioned spirit of competition in a regular sports bet. But the founding fathers of betting, whoever they were, did not envision you throwing away your car payment on an eight-leg parlay hinging on several Conference USA basketball games.
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- The sportsbook took in about $120 billion in bets.
- Now it will be harder, and if it works for DraftKings’ financial statements, there’s no reason other sportsbooks won’t follow suit.
- Well, with two days to go until kickoff, that number has now sunk to single digits.
- As of Tuesday afternoon, the line decreased all the way down to 31 points — and it will continue to drop ahead of tip-off.
With every 2,500 bets, the number slowly sank, and it has finally reached the single digits. With the main thrust of college football betting still ahead this weekend, it’s entirely possible the game total shrinks all the way to zero, ensuring a guaranteed winner. College football games can’t end in ties, so the first score of the game — one that has to happen — would cash the bet. Now the second biggest sportsbook in the United States, DraftKings, has taken the most brazen step in the opposite direction yet.
DraftKings’ Hammer the Over Promo Reaches Single Digits
In four states that have levied the highest taxes on sportsbooks’ receipts, DraftKings will levy a surcharge on winning bets. That passes part of the company’s tax burden to bettors, who are already subject to normal taxes on their winnings. It worsens the odds on every bet, lowering the payout for winners. It’s already quite difficult to make a profit betting on sports, because the books pay out a bit less for a winning bet than they take for a losing bet. Now it will be harder, and if it works for DraftKings’ financial statements, there’s no reason other sportsbooks won’t follow suit. The handful of companies that control most of the American market have enjoyed success on a sliding scale.
How to Hammer the Over at DraftKings Sportsbook
Parlays are tantalizing, and we as a sports betting public totally suck at them, making them a great profit-driver for sportsbooks. These past few years have been a great time to bet on sports. As most states have legalized sports wagers since 2018, sportsbook operators have climbed over each other to offer generous promotional terms. Their offers have been attractive (matching deposits into betting accounts, in the early days) and sometimes sketchy (“risk-free” bets that often require the customer to in fact risk their own money).
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They did not imagine you’d be able to do it in 30 seconds, from your phone, without any prompts popping up to ask you to think about it. Just place a wager on the over for the Lakers-Nuggets Valentines Day matchup, and for every 1,000 bettors that do so, DraftKings Sportsbook will decrease the total by one point. Both new and existing users at DraftKings Sportsbook will be able to take part in the “Hammer the Over Total Special,” meaning for every 1,000 bettors on the over, the total will decrease by one point for Sunday’s game between the Lakers and Nuggets. If you’re looking to jump into this offer and cash an almost-guaranteed $25 winning bet, then here’s how to do it.
A trio of researchers at USC and UCLA think they’ve triangulated sports betting as a debt driver for young men in low-income counties. Sports betting is a much worse financial strategy than investing in the stock market, but a lesson from one might be useful for the other. But if you invest money in S&P 500 index funds and let it sit awhile, you’ll probably make money.
The DraftKings Hammer the Over promo fro Georgia vs. Clemson has now reached virtually can’t-lose levels. The original over/under was 51.5 points, but that number currently sits in the single digits. As of Tuesday afternoon, the total on the upcoming Lakers-Nuggets matchup is at 31 points, so it’s this one should be wrapped up by the midway point of the first quarter. Following last Sunday’s big game, this is the perfect way to rebound with an easy win or keep the momentum with a can’t-miss special. FYI- this disaster of a promo changed my allowable max bet from $5 on Monday to $10 on Tuesday and I just locked in at $25.32 today. Worth checking out if you haven’t already made the bet.
But some form of incentive has always been there for the taking. The sportsbooks’ apps are sleek and intuitive and don’t require a trip through Las Vegas’ annoying airport, a drive to Delaware, or messing around with crypto to bet via an offshore website. If your passion in life is to take the points in an NFC South football game, it has never been easier to wet your beak.
Buy the stock of one of the country’s biggest companies, and hold it long enough, and it will probably go up. Or you could start trading options, in which you wager a premium for the right to buy or sell a stock at a specific price. If the stock doesn’t move how you need, you’ve just lost the premium. If you open a Robinhood account and try to make options trades—options bets, really—you will need to get special approval. A few years ago, Robinhood paid a $70 million fine for sins that included not properly vetting options accounts.
Click here to get a bonus on any football game and this no-brainer Clemson-Georgia bonus with DraftKings Sportsbook. DraftKings Sportsbook has a sweet offer for the Lakers-Nuggets matchup on Sunday, Feb. 14. Access to this resource is blocked in accordance with the laws of Ukraine.
FanDuel is now doing quite well as the No. 1 player, but benefits from being part of an established gaming conglomerate. BetMGM, co-owned by a couple of massive gambling firms, makes a bit of money but is sick of FanDuel and DraftKings towering over it. Another small player, BetRivers, has started to make money as it’s also cut back on promotional offers. The country’s dozens of teenier, tinier gambling operators face their own huge challenges in finding oxygen. Earlier this week, we wrote about the Hammer the Over promo from DraftKings Sportsbook targeted at this Saturday night’s Clemson vs. Georgia game. For every 2,500 bettors who jump on the over of that matchup, DraftKings lowers the total by 0.5 points.
But sportsbooks have lost money in the gold rush to recruit new bettors, and only a few of them are on solid financial footing. The halcyon days are over, and for the first time since its widespread legalization, sports betting is getting noticeably worse. In betting, there is old-school, free-market honor in a regular old sports bet. These are extra speculative, extra risky bets with multiple legs and much higher payouts when they hit, which they usually do not.
The people who do the sports betting are doing much worse. The sportsbooks do not release aggregate numbers on winning and losing bets, but it’s clear that Americans are both betting more and, proportionally, losing more as the years pass. The industry trade group, the American Gaming Association, says that legal sports betting (not counting betting done in tribal casinos) generated $11 billion in revenue in 2023, a roughly 45 percent year-over-year jump. The sportsbook took in about $120 billion in bets. The books’ “hold” percentage, the amount they make on betting after paying out winners, moved up from 8.1 percent to 9.2 percent, meaning the house is winning more. That’s not because they’re providing a tough but fair market, but because the market caters to uneducated bettors who make shitty bets.
Well, with two days to go until kickoff, that number has now sunk to single digits. For example, this game total would typically be set well over 200 points. As of Tuesday afternoon, the line decreased all the way down to 31 points — and it will continue to drop ahead of tip-off. In fact, it’s entirely possible this game total could close in the single digits.
In addition to the scoring trends outlined above, it’s worth noting that Georgia didn’t score less than 14 points all season, while eclipsing 20+ points in all nine of its other games. Meanwhile, Clemson didn’t score less than 28 points in any of its games. With this seismic shift in the over/under, bettors are receiving 40+ points of betting value, making for no-brainer odds on one of the most highly anticipated games of the season.