The NFL is the latest American sports league to sign an official betting deal. It announced three sportsbooks to be the league’s official betting partners. In return for access to official league data and statistics, the new partners can promote their relationship with the NFL and tie their brands to game-day statistics. If the five-year agreement works out, the league will receive nearly $1 billion in revenue. The NFL has the right to renegotiate this deal at any time.
As the number of sports bets rises, so do the sportsbooks’ profits. During slow seasons, many sports books aim to increase their profit margins. For instance, dime lines are slowly disappearing. However, they’re still available at some sportsbooks. The money line is constantly changing, and the listed line on the ticket isn’t necessarily the official betting odds. A starting pitcher can change the odds, as can the total number of innings in a game. The odds also change if both listed pitchers start a game.
The PGA Tour has a bullish outlook for in-play betting. In-play betting is betting made during an event, not before. It’s more lucrative than betting before an event. You can bet on live action, such as when a threesome comes through the final three holes. You can bet on Jon Rahm or Sergio Garcia to win the tournament. As for the Memorial Tournament, betPARX’s new partnership with the PGA Tour will give it unprecedented access to the event’s video highlights.