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How to Place Sports Bets in Indiana
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Sports betting is now legal in the state of Indiana. Thanks to changes in state law, Indiana residents and those visiting the state can now go place sports bets both online and in person.
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- Arbitrage betting is a promising way to make money through sports gambling. When arbitrage betting is done right, it can deliver guaranteed profits. You just need to find situations where bookmakers differ.
- Alteratives to Traditional Sports Betting. There are many online bookmakers that offer traditional sports betting to their customers. However, some experienced punters are now looking for more, and looking for ways in which they can take their betting forward. This is where spread betting.
The first brick and mortar sportsbook opened up in September 2019, and in October, online sportsbook went live across the state. Those currently in Indiana can sign up to any of the legal online sportsbooks and instantly place bets on some of the most popular US and international sports and leagues.
Since legal sports betting went live in Indiana, lots of new online sportsbooks have gone live. Most of these sites are also available in other US states with legal sports betting, and users who sign up can claim sports betting bonuses in Indiana. If you’d like to get into sports betting, there’s never been a better time, but you’ll first need to know how it all works. See below for our full guide on how to place sports bets in Indiana.
Indiana Sports Betting Rules and Restrictions
Although it’s now legal to place bets on sports in Indiana, there are still rules on how and where you can bet. You need to follow the rules carefully. Otherwise, you may find that you’re unable to bet, or that your bet won’t count. Some of the sports betting rules in the state of Indiana include:
- You must be 21 years old in order to place a bet anywhere in the state.
- You can register with any online sportsbook registered by the Indiana Gaming Commission, but you’ll need to be in the state to place a bet.
- Mobile betting is allowed so you can place bets while on the go.
- Betting on events involving competitors under the age of 18 is prohibited. This includes sports and eSports.
- There are some restrictions on in-play betting, but for the most part, it’s allowed.
When you sign up to an online sportsbook, you’ll need to make sure that all of your details are correct. You can sign up even if you’re not a resident of Indiana, but you’ll need to be in the state before you can place any bets. Bear in mind that these online sportsbooks all use GPS location services to check your location before you can place a bet.
Retail Sportsbooks in Indiana
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The first places open for betting in Indiana were the land-based sportsbooks. These allow sports fans to go in and place a bet in person. While these offer a more traditional betting experience, they’re still fairly popular, and there are quite a few different retail sportsbooks. Indiana retail sportsbooks include those at:
- Ameristar Casino Resort
- Belterra Casino Resort
- Harrah’s Hoosier Park
- Majestic Star Casino
- Winner’s Circle Indianapolis
Placing a bet is as simple as entering the casino, going up to the sportsbook counter, and asking for odds on a particular event. Once you’ve handed over your money to place the bet, you’ll receive a bet slip, which you can exchange for your winnings should your bet be successful.
Online Sportsbook in Indiana
Although brick and mortar sportsbooks are available in Indiana, the majority of bets are made online. Online sports betting now accounts for eight out of every ten bets placed in the state. The first online sportsbooks went live on October 3, 2019. Since then, there have been lots of new sites appearing to give Indiana sports fans plenty of betting options.
Some of the top Indiana online sportsbooks include:
- Draftkings Sportsbook
- FanDuel Sportsbook
- BetRivers
- BetAmerica
- PointsBet
- William Hill
Placing a bet at an online sportsbook in Indiana involves first signing up to the sportsbook of your choice. Don’t be afraid to check around to see which has the best markets and the best odds on your favorite sports. The odds offered tend to be quite similar, although some sportsbooks offer special promotions.
Once you’ve found a sportsbook you like, you can enter your details to register an account. You’ll then need to deposit money onto your account so you can start placing bets. Don’t forget to check out the details of any bonus before you make a deposit, as a lot of sites will offer matched deposit bonuses.
Now you’ve got some cash in your account, you can search through the different categories on the site to find the sports you want to bet on. Most sites offer lots of different sports, including football, basketball, hockey, soccer, and more. Find what you’re looking for, then click on the bet you want to make and enter in your stake. This will then be added to your bet slip, and if you win, your winnings will automatically be credited to your account.
NBA Betting Types and Odds
Even though basketball is a simple game, it takes time and effort to gain a high level of knowledge and gain an edge over bookmakers with NBA betting.
This article explains the basic rules of basketball, the types of bets you can use, and give an overview of what you need to consider to make money with NBA betting.
NBA Betting: Understanding the Rules
Basketball is played five against five on a court made up of 2 baskets, under which there is an area called the racket. The games are divided into four quarter-times of 10 minutes (12 minutes in NBA).
A player who scores from inside the racket offers 2 points to his team. If the shot is taken from the outside of the racket, then this is worth 3 points. Free throws, awarded after a foul, are worth 1 point.
To score during an active phase of play, a player must continuously bounce the ball. He is not allowed to take more than two steps without a rebound. This is called a 'walk.' This fault also applies if the player jumps and lands on his feet without releasing the ball.
Also, a player does not have the right to resume his dribble after stopping (or to take back the ball after having released it if the latter has not touched anything). It is also forbidden to 'carry' the ball: the hand must be in constant contact with the ball's upper part.
NBA Betting Types and Odds
Money line betting: The NBA betting moneyline is no different from the NFL or baseball betting moneyline. Even if the sport is different, the point is to predict the winner of the game and bet.
Handicap betting: Basketball handicap betting is a slight evolution of moneyline betting. Both teams will be given a positive or negative scoring handicap so that the objectively perceived difference in ability is even.
The team that appears to be superior is given a negative handicap to overcome. The team that seems to be disadvantaged is given a positive handicap treated as a lead from the beginning.
Totals betting: In the NBA betting total market, it doesn't matter which team wins. It is a betting method that predicts whether the total number of scores of both teams will exceed (over) or fall below (under) the bookmaker's expected value.
Quarters and halves: In addition to the basic betting market described above, you can also place bets on the first quarter and the first half of NBA games. Your betting NBA betting odds and options (money line, handicap, total) will remain the same, but you will bet on results in shorter spans.
Outright market: There is little room for mistakes in betting on individual matches, and it is not uncommon for randomness and luck to change the outcome. In contrast, the outright market generally allows you to bet on longer spans, such as the NBA's 82 regular-season games (or more).
How to Bet on NBA Odds
1) Schedule analysis: whether the team is in B2B (when a team played the day before) or not, study the upcoming games to see if the schedule for the team is complicated or not (because in the NBA, the season is long with a lot of matches and sometimes the teams do 'no matches').
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2) Study the last matches of the teams and their previous confrontations: Watch the game's summary. However, H2H is relatively irrelevant in the NBA, with rosters changing every year and different game circumstances. That can 'reassure' but in no case condition a bet.
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3) Compare the two teams' collective statistics: attack, defenses, rebounds, passes, stray balls—you can use them but not everything and anything. The emphasis should above all be on the average number of possession per match (basically knowing if a team prefers the half-court game and goes after 24s to build an attack or if it favors fast play).
5) Inventory of the teams: Note the injured and the unsure, and it is often the longest because sometimes a player is announced on the field or in the stands only 30 minutes before the match. Hence, it's not always easy; it can be the most complicated factor to consider.
6) Use an algorithm that evaluates your analyses in a calculation that allows you to compare the theoretical odds to the odds on the book to see if there is value. Then, select a bet with odds greater than or equal to 1.70.