¡°Sportsbooks make a 30 percent profit on parlays vs. five or six percent with straight bets,¡± says Jeff Edelstein, a senior analyst at USBets, a site devoted to sports gambling. ¡°People love parlay bets. Who doesn¡¯t like putting down a little to win a lot?¡±
We like BitStarz for immediate payouts. On their front page, they have a widget that lists the average payout time over the last 24 hours and that time is usually sitting between 6-8 minutes, which is pretty darn close to instantaneous.
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And what experts have found is that sports betting may create problems worse than the traditional casino and cards. People who bet on sports often believe they have an edge because they follow the teams. The random bounce of a football or a blown call doesn¡¯t tend to factor into a bettor¡¯s belief system.
On these questions, too, there are some demographic differences. Americans 50 and older are more likely than adults under 50 to say that legalized sports betting is a bad thing for both society (41% vs. 27%) and sports (38% vs. 29%). College graduates and those in upper-income households are also more likely to see the widespread legalization of sports betting as a bad thing for both society and sports.
We are about to find out. More than half of U.S. states now allow some form of online sports betting (some only allow in-person options), and others appear likely to follow in the next few years. The normalization of a practice that was considered taboo less than a decade ago ¡ª combined with addiction risks that are unique to gambling on sports ¡ª may have created a combustible climate.