The industry of college athletics is a billion dollar industry. Up until recently, sports betting was not able to tap into this. However, that landscape is changing.
In 2018, the U.S. Supreme Court revoked a federal law that prohibited sports betting. At the moment, according to the American Gaming Association, 36 states – in addition to Washington, D.C. – have legalized sports betting. There are five others with legalisation in progress. The online gambling industry is a very fast-growing enterprise that is projected to be worth more than $145 billion by 2030. Sports betting is a big reason for this.
The major universities, that have tens of thousands of students as well as potentially millions of fans – have become an especially attractive market for sports betting companies. This is particularly in an age of heightened usage of digital technology. The attraction is mutual as colleges see a very attractive opportunity to rake in millions of dollars and then recoup lost revenue from the COVID-19 pandemic by partnering with sports betting companies.
Creating New Opportunities
Sports betting can also create new opportunities for fans to engage with and support their favourite college teams and athletes. For example, some Australian betting platforms allow fans to place bets on individual player performances or statistical outcomes, which can make watching games more exciting and interactive.
Fans may also be able to take advantage of special promotions and rewards offered by sports betting companies, such as free bets or enhanced odds, which can provide additional incentives to follow and support their favorite teams.
How Does Sports Betting On College Sports Work?
A very popular bet in college football is the moneyline. This necessitates that you choose the winner of the game. However it’s not a 50-50 proposition, in most cases. Each one of the teams is assigned moneyline odds by the sportsbook dependent on their ability. In addition, bettors need to pay a corresponding price.
Are There Point Spreads Available in College Football?
In the sports of football and basketball (both in the pros and college), without a doubt the most popular betting choice is the point spread – it’s a bet placed on the margin of victory in that particular game. The number one purpose of point spread betting is to generate an opportunity to wager money on teams and athletes in a particular contest by evaluating their relative strength versus other players.
What About Over/Unders Bets?
Another very popular betting option in college and other games of football is wagering on the total (aka the over/under). You’re betting on the total points that are scored by both teams going over or under the number set by sportsbooks.
With college football scoring on the rise over the last 20 years, most totals in 2022 are set at over 55 points, with each team being expected to average out scoring at least 27.5 points every game. Dependent on the teams as well as the situation, you could have to risk various amounts on the over or under.
