At 10:33 a.m. June 14, 2018, the first bets were made in New Jersey. Hours later, the state’s sports betting bazaar was off and running. And the market continues to grow. The state is now a forerunner for US sports betting. Thanks to its betting platforms that ensure you can bet on sports in New Jersey, both in-person and on the internet. For years, the argument for validating sports wagering was that it would be a shot of adrenaline for the failing horse racing tracks and casinos. As well, a new source of revenue … [Read more...]
The Difference between Gambling and Betting
Sports betting is a big business these days, with apps and online betting sites making it easier than ever to place a wager on the latest football game or horse racing event. But the terminology for betting often gets interchanged with gambling, despite there being a difference between the two. The key difference between gambling and betting is that with gambling, the wager is placed on an event without any understanding or basis for the outcome, while betting takes the expected performance of an event into … [Read more...]