Totalizators. In totalizators (sometimes called flexible-rate bets) the odds are changing in real-time according to the share of total exchange each of the possible outcomes have received taking into account the return rate of the bookmaker offering the bet. For example: If the bookmakers return percentage is 90%, 90% of the amount placed on the winning result will be given back to bettors and 10% goes to the bookmaker. Naturally the more money bet on a certain result, the smaller the odds on that outcome become. This is similar to parimutuel wagering in horse racing and dog racing.
There are a couple of federal laws that directly influence sports betting in all fifty states, not just in Texas, that you should be aware of. These are the Federal Wire Act and the Unlawful Internet Gaming Enforcement Act (UIGEA). The federal Wire Act prevents people from taking wagers over state lines. The UIGEA prevents banks and financial institutions from processing gambling transactions made online in the US. This doesn’t prevent the usage of online sportsbooks, it just makes it a little tougher for credit cards to be accepted as deposit methods.
We’ve gone ahead and done the research part of this for you. After having personally tested a plethora of online sportsbooks, we found the top four for you. These sites have the largest selection of games covered, meaning you’ll have more options than you know what to do with. You’ll also find additional perks that make each of these sites unique – from live betting to mobile apps, these sites truly are the best of the best when it comes to sports betting in Texas.
Not all online sportsbooks are good at every facet of sports betting, casino wagering, poker play and horse racing. But some are more proficient and well-rounded than others, although you may not need your ideal betting site to be all that. Instead, your priorities may include making sure they pay winners quickly, offer bonus specials and provide stats, articles and tutorials for beginner players. Whatever you are looking for in an online gambling site, do not settle for anything less than one that caters exactly to your needs and provides you with all the features you require as a bettor. Read online sportsbook reviews, talk with other bettors and take advantage of a promotion to see if you like it. There’s nothing wrong with making a small deposit first to find out if a sportsbook is right for you.