Supreme court rejects Delaware sports betting appeal | Reuters

They said the estimated $17 million in sports gambling revenue represented a trivial percentage of the state’s $3.1 billion budget.

The North American professional leagues for baseball, basketball, football and hockey and the National Collegiate Athletic Association (NCAA) all argued that Delaware’s sports lottery plan violated the 1992 law.

In appealing to the Supreme Court, attorneys representing the state argued the appeals court wrongly concluded that Congress had prohibited Delaware from adopting a sports lottery scheme as a way to balance its budget.

WASHINGTON The Supreme Court on Monday rejected a Delaware appeal that argued the state should be allowed to offer a new sports betting lottery to generate revenue to help ease its record budget deficit.

(Editing by Eric Beech)

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The law, the Professional and Amateur Sports Protection Act, prohibits betting on sports, but exceptions were granted to Delaware, Nevada, Montana and Oregon because they previously operated some forms of sports gambling.

By James Vicini

| WASHINGTON

Delaware had expected at least an estimated $17 million in revenues from the sports betting plan in the 2010 fiscal year to help close the state’s budget deficit.

The appeals court ruled in August that Delaware was limited to parlay betting, or gambling on multiple games, and only on National Football League contests. The state went ahead and now offers such betting on at least three NFL games.

The justices without comment let stand a ruling by a U.S. The appeals court ruled that under the federal law Delaware was generally limited to what it offered in 1976.

Attorneys for the professional sports leagues and the NCAA told the Supreme Court the appeal should be rejected. appeals court that a 1992 federal law prohibits Delaware from offering betting on individual games in all major sports.

Delaware offered parlay bets on NFL games for a few months in 1976

Free Parlay Calculator and Parlay Odds at VegasInsider.com.

For a single bet, 2 to 8 teams or totals can be selected.

The resulting wager will have the same risk amount with the win being calculated to reflect the odds of the remaining team (Example: On a two team $100 parlay with team A +110 and team B -110 if A ties and B wins the resulting wager will be a straight play on B risking $100 to win $91).

Parlays with spreads and totals at standard -110 odds, use the Fixed Odds Table.

Parlays with spreads and totals with odds not at the standard -110 value, use the True Odds Calculator.

2

13/5

13/53

6/1

6/14

10/1

12.28/15

20/1

24.35/16

40/1

47.41/17

75/1

91.42/18

150/1

175.44/1

In order for the parlay bet to win, every one of the wagers must win or push (tie). If one or more selections is a tie, postponed, incomplete, cancelled or rescheduled for another day, then the wager reverts to the next lowest number. If betting the underdog, you must enter the line with a plus (+) sign at the beginning.

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A parlay is a single bet that links together two or more individual wagers for a high payout. If you place a 2 team parlay and one team wins and one ties, the wager becomes a straight bet.

**Parlay Calculator based on Offshore Odds

  

NOTE: If betting a favorite, you must enter the line with a minus (-) sign at the beginning. A 2 team parlay might pay 13/5, a three team parlay might pay 6/1, a four team parlay might pay 10/1, and so forth with the payouts getting higher with more teams or totals selected. If any of the selections lose, your wager loses, regardless of the outcome or cancellation of the other games. For example, if you place a 5 team parlay and have 4 winners and a tie, your wager pays out as a 4 team parlay

How to Make Money Handicapping Horse Races and Betting on Horseracing

The only work they do is to walk into the club house and maybe read a simple list of horses and riders. The thrill of winning is probably pretty close to the same for each group, though the handicappers also have the satisfaction of working hard and getting rewarded for it.

The way you make money handicapping and betting on horse races is in finding a good bet.

For some people, horse racing handicapping is an intellectual sport and they prepare themselves and work hard at it. The ones who depend upon luck or some other esoteric method are more like lottery players than handicappers, but the thing they all have in common is that all there money goes into the same pool and some from each group will be successful while many will not.

Your chances of success are much greater if you educate yourself, prepare, practice, and work hard, but there are no guarantees. There are many more people, perhaps millions around the world, trying to make money betting on horse races depending upon luck or some other system to be a winner.

The big advantage that the handicapper has over the gambler is that he or she has an idea of each horse’s chances of winning and therefore, how much a horse has to pay to win in order to make money on such bets in the long run. If the success rate for handicappers is 5-10% then it is probably 1-2% for those depending upon luck.

There are thousands of people trying to make a living from horse racing by handicapping the horse races and then betting on horse races. That edge is what separates gamblers from handicappers and is why, in the long run, handicappers win more, but in all fairness, they don’t just win it, they earn it..

On the other hand, the ones who depend upon luck invest nothing but money and very little time