\n“For instance, if a book sets the line at Alabama -24.5 in one region and on the Crimson Tide at -28.5 in another, a bettor could cash their tickets in the first scenario if Nick Saban’s team wins by 25, 26 or 27. <\/strong><\/span><\/p>\n“An astute player that places a wager on Louisville at +28.5 will also be victorious in Mississippi if Alabama wins 38-10,” <\/strong>Rybaltowski details.<\/span><\/p>\n<\/blockquote>\nWilliam Hill Director of Trading Nick Bogdanovich says the company is waiting to see just how much regional bias comes in new markets like West Virginia and New Jersey. “There will be regional bias, we just haven’t been open long enough to see how crazy it will be,” Bogdanovich said. “It could be totally insane or just mild.”<\/p>\n
William Hill, Nevada’s largest sportsbook operator, is up and running in New Jersey at the Monmouth Park racetrack and Ocean Resort Casino in Atlantic City. The company is additionally operating the sportsbook at the Hollywood Casino in Charles Town, West Virginia.<\/p>\n
More States Coming<\/b><\/h2>\n
In addition to the four states that have joined Nevada in allowing sports betting to take place within their borders, Pennsylvania and Rhode Island have passed regulatory laws and will soon start taking wagers. New York and Massachusetts have partial statutes on the books to allow sportsbooks to be built, and 14 other states have introduced legislation.<\/p>\n
Sports betting behemoths William Hill and GVC Technology are racing to secure partnerships to enter into new markets. GVC inked a $200 million deal with MGM Resorts to bring its product to as many as 15 states.<\/strong><\/p>\nWilliam Hill says in addition to its new books already in operation, it’s in talks with another dozen casinos.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oddsmakers in sports betting states where the activity only recently became legalized are wrestling with how to best dictate lines when regional biases might put the casinos at great financial risk that’s not typically seen in Las Vegas. Prior to the Supreme Court’s 6-3 decision to strike down the Professional and Amateur Sports Protection Act […]<\/p>\n","protected":false},"author":25,"featured_media":87218,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Oddsmakers in New Sports Betting States Tackle Regional Biases<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n