The biggest state in the south, Texas, is still awaiting the day when it will be able to bet on sports. While the legislature took steps in 2022 and again this year to try to legalize Texas sports gambling, the sessions ended without an agreement. There is new optimism for next year, as a highly contested governor’s race has brought sports betting in Texas into the spotlight. While it is not a significant issue in the campaign, both candidates have mentioned the possibility of legalization in the future. That is not a surprise after the successful implementation of sports betting in other southern states like Louisiana and Tennessee. These states have also seen a windfall of tax revenue, with more people and money being wagered than previously projected. The other state with a similar population, New York, just reported over a billion dollars in handle in June alone.
If Texas online sports betting gets legalized, Texas sportsbook sign-up offers and Texas sportsbook promotion codes are bound to be very popular with new bettors in Texas. Before Texas online sportsbooks get the go-ahead, new bettors should be familiar with common online sportsbook terminology. Here is a guide to sports betting terms from our friends at SportsLine that will help you get ready in case Texas online sportsbooks become a reality.
How to bet on sports in Texas when legalized
There are several ways you can make sports wagers both online and in retail sportsbooks and plenty of bet types you’ll want to familiarize yourself with.
Units: A unit is a fraction of the total amount designated by the gambler to wager on any individual bet. For example, if your bankroll is $2,000, wagering 2 percent, or $40, would be one unit. This is a way to gamble responsibly and never lose too much on any one bet. Most professional bettors use a unit system to evaluate performance instead of dollars because everyone’s unit size differs.
ROI: After determining your bankroll and unit, to evaluate performance, bettors use ROI. Like any business, assessing your return on investment (ROI) gives you an idea of how strong of a gambler you are and what you expect to earn or lose on sports betting over time. Knowing your return on investment can give any bettor confidence that they are gambling responsibly and, more importantly, when to stop.
Edge: The edge in sports gambling refers to when a sports gambler believes they have a great bet based on the value they perceive it offers. You will hear this mostly from professional bettors who study the lines and try to pick up edges to be profitable in the long-run.
Where to find the best Texas sports betting advice
If you’re looking for the best values on the board in Texas or elsewhere, be sure to check out SportsLine, which specializes in Vegas picks, DFS advice and season-long fantasy sports projections.
An industry leader, SportsLine.com provides advanced computer modeling, expert picks, news and analysis of all the biggest events in sports. It can help you identify in which games you’ll have the biggest statistical advantage. Plus, you’ll get access to a team of over 40 experts.
SportsLine provides betting advice across the four major professional sports, college sports, golf, tennis, soccer, combat sports, horse racing, auto racing and more. It’s a proven resource to sports bettors around the world. You can sign up here to enjoy all of the sports betting and fantasy sports advice that SportsLine has to offer. Then, use your knowledge to crush Texas online sports betting when it’s a reality.