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Is Online Sports Betting Legal in WA?
While there are currently seven retail sportsbooks available to the public in Washington, all of them are located in tribal casinos.
This means that, for many residents, accessing a sportsbook can be quite difficult.
However, this will likely change shortly, as several private companies have expressed interest in opening their online Washington sportsbooks in the state.
In the meantime, residents can still enjoy plenty of other forms of gambling, such as casino games and horse racing.
The Washington State Gambling Commission is responsible for licensing and regulating all forms of gambling in the state of Washington.
This includes casinos, sports betting, and horse racing.
To obtain a license to offer sports betting, casinos must go through the WSGC, which includes a Tribal Gaming Unit.
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Moneyline odds are very popular with new sports bettors because you're simply picking which side will win.
Games that are expected to be close competitions will have less variance between the two sides' moneyline odds.
Games that are expected to be one-sided will see a larger gap in the moneylines.
A $10 moneyline wager on a favorite:
Moneyline betting in basketball
Team Odds Implied Probability Golden State Warriors -125 56% Toronto Raptors +105 49%
The vig is typically a percentage of the total amount wagered on a particular outcome.
By doing this, the sportsbook can minimize its risk and ensure a profit regardless of the outcome.
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