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Dublin-based Marketmaker Software Ltd. claims that its cash out patents cover the popular sports betting option that allows bettors to exit a bet before the result is known. The claim could affect a number of apps in New Jersey sports betting including DraftKings Sportsbook, FanDuel Sportsbook, and Betstars. These apps feature the functionality which Marketmaker claims to own. How does cash out work? The…

We are now more than six months past the day the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) of 1992. Shortly after the fall of PASPA, there were rumblings that the federal government was interested in legislating in the sports betting area. There is currently a bill circulating in a discussion draft format that will likely be revised and…

The Heisman Trophy will be awarded on Saturday night Each of the three finalists are quarterbacks Sportsbooks have shifted the favorite over the last few weeks For most of the college football season the Alabama Crimson Tide were playing one game while the rest of the country was entered in another. It was a fait accompli that ‘Bama would win the College Football Playoff…

Roughly 30-percent through the season a huge favorite has emerged Only two players are receiving any significant support Bettors should take advantage of Luka Doncic’s odds now before they become any shorter Going into June’s NBA Draft there was some minor debate about who the top pick should be. In the end, manchild Deandre Ayton was picked ahead of the more polished Marvin Bagley…

Washington, D.C., sports betting bill cleared another significant hurdle on Tuesday as councilmembers progressed it with a few changes. Introduced by Ward 2 Councilmember Jack Evans, the Sports Wagering Lottery Amendment Act of 2018 passed by a 10-2 vote. The bill is scheduled for its second reading in two weeks. No switch to multiple operators The bill, B22-0944, passed despite efforts from Councilmember Robert White to alter…

Week 13 saw another positive ROI and I’m nearing the $1000-mark for the season. There aren’t many spreads I love in Week 14, but there are a few totals that look good. The Bengals are getting two touchdowns, and I’m still locking up an ATS loss for Cincy.  One big moneyline (Bucs over Panthers at +165) and one ATS play (Broncos-4.5 at the Bengals)…

Days after becoming the eighth state to take legal wagers, Rhode Island sports betting will add a second sportsbook Monday. Twin River will open the sportsbook at the recently opened Tiverton Casino Hotel today. The facility joins the company's Lincoln property to expand Twin River sports betting to both state casinos. Twin River Casino, in Lincoln, started the first phase of its sportsbook a week…

A draft of a federal sports betting bill has appeared in Congress in which the federal government would have to approve state laws legalizing sports gambling. Here's a copy of the draft bill: Sports Betting Discussion Draft Legal Sports Report is not aware of who authored the draft, or who had a hand in its creation. After promises from more than one senator to…

Some operators and major US sports leagues apparently are working together to get a law passed to legalize sports betting in Washington, D.C. At least three sports betting operators — MGM, DraftKings and FanDuel — are actively working with the NBA, Major League Baseball and the PGA Tour to pass a bill all of the parties involved could live with. The sports betting alliance at a glance The…

Kentucky sports betting has gained a powerful ally. In a recent letter to state legislators, Attorney General Andy Beshear called for lawmakers to pass an expanded gambling bill that includes legal sports betting. “The solution is not to cut legally promised benefits but to create a new dedicated stream of revenue solely for pensions,” Beshear wrote. “The answer is simple – expanded gaming.” Kentucky…