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Sports Betting

The Five Things You Need to Know About Texas Sports Betting, TX Online Sports Betting Apps

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Everything you need to know about Texas sports betting and legal online sports betting in TX, with Free bet offers & promo codes

One of the most prolific states for sports is Texas, with many professional teams in every major sport, as well as top-tier college sports programs. While the wave of sports betting legalization has been sweeping the country, Texas sports betting has not yet come to fruition. A state with as many terrific teams like Texas would thrive in this market, but road has been a struggle thus far. Below, you’ll find the five things you need to know about Texas sports betting and TX online sports betting apps.

1) Is Texas Sports Betting Legal?

No, and Texas has taken no significant steps towards making sports betting legal. Currently, Texans would have to go to either Arkansas or New Mexico in order to place bets.

2) What Bills are Currently Before the State Legislature?

On Feb.1, 2019, Representative Eddie Lucio III presented a 15-page bill related to sports betting. It would allow for sports betting operators in Texas to obtain a permit in exchange for a $250,000 fee. The bill also requires a 6.25 percent tax imposed on each wager placed.

This bill is considered a long shot, at best, to be passed. A two-thirds majority is required for the legislature to pass this bill. Unfortunately, many state politicians, including the governor, are opposed to Texas sports betting.

3) What are the Next Steps for TX Sports Betting?

As of right now, there are no next steps to be taken. Without a majority vote, there will be no bills that can pass through the legislature that will create state-regulated sports betting. Texas residents unfortunately will have to take a wait and see approach for now, or take a road trip to a nearby legal state.

4) What are the Most Popular Teams to Bet on in North Dakota?

There is no shortage of professional and college teams to put your money down on in the lone star state. Professional sports teams range from the Houston Texans, Dallas Cowboys, Houston Astros, Texas Rangers, Dallas Mavericks, San Antonio Spurs, Houston Rockets and Dallas Stars.

With Texas being one of the biggest hotbeds for college football, there’s a bevy of major college sports to bet on, headlined most notably by the University of Texas, Texas Tech, Texas A&M and Baylor.

5) Is There Anything Else to Know About North Dakota Sports Betting?

Though there is no state-regulated sports betting, offshore sports betting is allowed in the state of Texas at this time. People in the US have been using offshore sportsbooks for quite awhile now. However, the risks of the offshore books are much higher since there is no state regulation.

What are the Most Common Types of Bets I Can Make in Texas?

Straight bet

This is the most common bet type and it is just a straight up single bet on a game. A point spread is determined by the oddsmakers with one team being favored by a certain amount of points. Let’s take a look at an example line below to give a clear indication of what a straight bet would be:

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Boston Celtics -6.5 (-110), moneyline -320

at Cleveland Cavaliers +6.5 (-110), moneyline +260

O/U 206

The Celtics are favored by 6.5 points in this example. This means that if you bet the Cavaliers, you are getting 6.5 points, so if the Cavaliers win the game, or lose by fewer than seven points, you will win the bet because of your 6.5-point cushion. On the other side, when you are laying 6.5 points as the favorite, you would need the Celtics to win by seven or more to win the bet.

Final Score: Celtics 102 Cavaliers 98. Cavaliers would cover even though the Celtics won the game because the +6.5 point spread is enough to cover a four-point defeat.

Moneyline Bet

The moneyline is a bet where there is no spread; you are just picking the winner of the game. In the example above, the Cavaliers ML is +260, which means that for every $100 wagered, you win $260 if the Cavaliers win the game outright. They receive the plus side of the moneyline since they are the underdog and picking them rewards you with nice odds since they are projected to likely lose the game. On the flip side, if you bet the Celtics ML at -320, you have to bet $320 to win $100. They are the favorites so if you decide to bet the moneyline instead of the point spread, you are forced to bet additional money to win $100.

In the example above, the Celtics ML would be the winner as they won the game outright. The spread is irrelevant for a moneyline wager.

Over/Under

This is a straight bet wagering on how many total combined points will be scored in a game by both teams. For example, an NBA game may have an over/under of 210 points, which means that the oddsmakers are projecting a combined points total of 210 between the two teams. If you think the teams are going to score more than 210 points total, you bet the over, and conversely, if you think it’s going to be a defensive struggle, you can bet the under hoping that the total points scored equals 209 points or less.

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Parlay

A parlay is a bet where you combine multiple bets into one bet and you get increased odds because you only win your parlay wager if all of your bets win. If you do a three-team parlay, you select three different teams from three different games and if you win all three of the bets you hit your parlay for longshot odds (6-1 so $100 to win $600). Going 0/3, 1/3, or 2/3 is all the same and you lose the parlay bet. It’s all or nothing which makes them tough to hit and is more of a home run type bet than a regular straight bet since there’s a chance for a big payoff.

Texas Sports Betting FAQs

  1. Is Sports Betting Legal in State?
  2. How Can I bet in state?
  3. Will Texas have Online Sports Betting or Sports Betting Apps?
  4. How Do I Open an Account?
  5. How Do I Deposit and Withdraw?
  6. Do I have to be in state to place a bet?
  7. What Games Can I bet on?
  8. What Companies Will be Offering Sports Betting?
  9. What Kind of Taxes Do I have to Pay?
  10. How Old Do I have to Be to Bet in State?
  11. What are the Betting Limits?
  12. Where Do I go if I have a problem?

Need more sports betting information? Check out the Awesemo betting home page.

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