¡°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?¡±
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Helping to grow revenue (and ad dollars) is the continued legalization of sportsbooks by states. Last month Massachusetts became the 36th state to legalize sports betting (Washington D.C. has also legalized it). Massachusetts joins Maine, Ohio, Nebraska, Kansas and Florida as states that have legalized gambling but has yet to enact any regulations.
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Probably the most famous casino game out there, poker attracts millions of gamblers online and in person every year, and it tops the list as California¡¯s most Googled online casino game. Some of the most popular versions of poker include Texas Hold¡¯Em and five-card draw. The game is also massively popular as a spectator sport, with high-stakes tournaments offering millions of dollars in prize money.
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With Luck ruled out, Pittsburgh closed at around an 8-point favorite. The Steelers beat the Colts 28-7.