Future wagers. While all sports wagers are by definition on future events, bets listed as "futures" generally have a long-term horizon measured in weeks or months; for example, a bet that a certain NFL team will win the Super Bowl for the upcoming season. Such a bet must be made before the season starts in September, and winning bets will not pay off until the conclusion of the Super Bowl in January or February (although many of the losing bets will be clear well before then and can be closed out by the book). Odds for such a bet generally are expressed in a ratio of units paid to unit wagered. The team wagered upon might be 50-1 to win the Super Bowl, which means that the bet will pay 50 times the amount wagered if the team does so. In general, most sports books will prefer this type of wager due to the low win-probability, and also the longer period of time in which the house holds the player's money while the bet is pending.
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.
Several additional states such as Louisiana, Connecticut, Mississippi, Maryland, Massachusetts, Missouri, California, South Carolina, Iowa, Illinois, Kansas, Kentucky, Indiana, Michigan, Minnesota, Oklahoma, Ohio, New York, and West Virginia, began drafting bills to legalize sports betting soon after New Jersey and Delaware. Pennsylvania, Rhode Island, and West Virginia were able to pass legislation legalizing sports betting within their states.
Odds for different outcomes in single bet are presented either in European format (decimal odds), UK format (fractional odds), or American format (moneyline odds). European format (decimal odds) are used in continental Europe, Canada, and Australia. They are the ratio of the full payout to the stake, in a decimal format. Decimal odds of 2.00 are an even bet. UK format (fractional odds) are used by British bookmakers. They are the ratio of the amount won to the stake - the solidus "/" is pronounced "to" for example 7/1 "seven to one". Fractional odds of 1/1 are an even bet. US format odds are the amount won on a 100 stake when positive and the stake needed to win 100 when negative. US odds of 100 are an even bet.
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On August 31, 2013, CBS Sports rolled out its previous graphics and animation package that was first used in the network's coverage of Super Bowl XLVII. Additionally, in compliance with the Active Format Description #10 code, CBS Sports switched to a 16:9 aspect ratio letterbox presentation used for all sports programming, including the SEC on CBS and the NFL on CBS broadcasts.
A new graphics package was launched on August 27, 2017 for Fox's first NFL preseason broadcast, featuring a solid-colored rectangular design and a football scorebar positioned across the bottom of the screen. Upon its debut, the new football scoreboard was widely panned by viewers for its basic appearance and small text size. This appearance has also been adopted by Big Ten Network. Fox continues to use Vizrt software, and began to increasingly utilize laptops to run its on-air graphics as opposed to full systems (maintained as backups).
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No. At this time all online wagers must be done from within the state where the book originates, thus protecting the online books from any new interpretations of the Wire Act. So if Betfair goes live with a site in Pennsylvania, then players can only place wagers on that site from within the Keystone State. They may however be permitted to perform other functions, such as cashiering and account management from beyond state lines.
Sports betting in Texas is not currently legal, and more than likely won’t be for a long time. Despite the fact that Texas lawmakers lose out on close to two and a half billion dollars annually to casinos in neighboring states, there is no indication that they plan to expand gambling in the Lone Star state. As neighboring states begin to legalize sports betting, expect that deficit to grow even larger.