Let’s check in on the sports betting business numbers on Wall Street and look at some options for the best values and incentives from a few online sportsbook apps.
Everyone, it seems, knows about the tidal wave of momentum that began in earnest following the 2018 Supreme Court decision to overturn the ban on single-event sports betting.
And more than a few are proactively establishing a stake. In fact, savvy investors — or just fans of the sports betting explosion — have made a nice profit, even if they jumped in on Jan. 1.
We’ll deliver some additional incentives for those eager to find the proper fit for their legal sports betting-app pursuits below. But first, we’ll take stock in the overall business performance of a few key companies.
A quick snapshot of the primary movers and shakers on the market in calendar 2021:
Shares of Penn National have skyrocketed more than 1,300% in just the past year. Since the start of 2021, the stock has gone from $80 to its current $113 as of noon Tuesday.
Caesars stock has soared nearly 1,000% since mid-March 2020 as well. From a $71 share price at the start of January 2021, the company saw its stock price reach $101 on March 15 before settling in around $85 by midday on Tuesday.
More big news for Caesars, as Nevada gaming regulators last Thursday approved Caesars Entertainment's acquisition of sportsbook operator William Hill. The deal, announced last September, is for $3.7 billion and is expected to mean that Caesars will divest from William Hill's European operations.
William Hill stock is rolling, too. During the past 12 months, shares have risen from $41 last March to a peak of $313 before establishing a consistent number around $270 for the past couple of months.
MGM ($11 to $37), which runs BetMGM online sportsbook, and Wynn ($46 to $123), which runs WynnBET, have seen explosive growth, too.
DraftKings (52-week range has seen a rise from $11 to $74, with Tuesday’s price at $70) is up more than 300% since it began trading last April as a result of a merger with a blank check special purpose acquisition company, or SPAC.
UK-based Flutter Entertainment (52-week range $67 to $198, setting at $192 on Tuesday), which owns FanDuel, has gained about 200%.
A Few Sports Themed Promos to Enjoy
Gaming Today unearthed some online sportsbook promos and added information as new-to-the-game gamblers consider their options.
The first hurdle is to be sure your app of choice has necessary features such as compatibility on your preferred device, competitive odds, a loyalty program, a vast supply of new and engaging prop bets and live, in-game wagering.
Among the buried treasure found, in terms of sports-betting options, here are a few worth examining, per Gaming Today:
Parlay Booster Up To 40%: The Parlay Booster at BetMGM increases the win potential for 4+ leg parlay bets by up to 40%. Here’s how much your wager is boosted based on the parlay:
- 10% for 4 leg parlay
- 20% for 5 leg parlay
- 30% for 6 leg parlay
- 40% for 7+ leg parlay
Terms and conditions apply.
PointsBetting at PointsBet: Big-time risk vs. reward. Rather than a fixed-odds payout, which is how all other sports bets work, PointsBetting involves multipliers based on total points.
If you go for a PointsBetting wager, every point over or under the sportsbook’s points total triggers a multiplier. That multiplier applies to both winnings as well as losing wagers, which means it can maximize payouts but also skyrocket losses.
For example, if the points total for an NBA game is 225.5 and the game ends with a total of 220 points, that’s a 5x multiplier. If you bet the under, then your winnings are multiplied by 5x. However, if you bet the over, your wager is multiplied by 5x.
Bonus money based on outcomes of in-game action: This is when a sportsbook gives you betting credits if something occurs during a select event.
For example, the “$50 Golden Goals” promo at William Hill awards a $50 free bet for every goal scored by your team when you bet at least $100 on an NHL game.
During the current NCAA Men’s Basketball Tournament, DraftKings has been offering your wager back in betting credits if your college basketball team loses but still manages to score at least 75 points.
Betting credits based on an in-game outcome is becoming increasingly popular. Check the promos at William Hill, DraftKings and elsewhere to make sure you’re not missing out on something potentially lucrative.