Analyzing Early Super Bowl Odds: Which Teams Offer the Best Value?
Early Super Bowl odds can offer bettors a significant advantage because you can secure better odds before the market makes some major shifts! We’ll break down the early Super Bowl odds from our favorite sports betting apps and identify teams that offer the best value for bettors. If your bets are correct, you also stand to profit much more money than you would have if you waited longer to act!
Understanding Super Bowl Odds
If you aren’t familiar with betting on the Super Bowl, let alone sports betting itself, keep reading to learn how Super Bowl odds are established and how you can read the bookmakers’ data and turn it into some winning bets! Super Bowl odds aren’t too difficult to read once you understand how they work, so no worries!
What Are Super Bowl Odds?
There are three primary ways to bet on Super Bowl 59: moneylines, point spread bets, and over/under (totals). Here’s an example of how they might appear on a typical odds sheet between two teams:
Team | Moneyline | Point Spread | Totals |
---|---|---|---|
Chiefs | -135 | -2.5 (-110) | OVER 30.5 (-110) |
49ers | +115 | +2.5 (-110) | UNDER 30.5 (-110) |
Moneyline odds are the likelihood of each team winning the Big Game. Point spreads are bets on the final margin of victory. Totals (also known as over/under bets) represent the final combined score at the end of the game, and bettors bet on whether the actual final score will come in over or under this number.
How do moneyline odds translate to probability in this scenario between the Chiefs and the 49ers facing a Super Bowl rematch in 2025?
- Moneylines – The Chiefs are the favorite to win the game in this scenario because their odds are represented by the negative number: -135. Bettors must stake $135 to win $100 for a total payout of $235 (because bettors get their stake back in addition to what they profit). According to these odds, the 49ers are the underdog team—they’re represented by the positive number: +115. Bettors must stake $100 to win $115 in profit, resulting in a total payout of $215.
- Point Spreads – In the situation of betting on the final margin of victory, the Chiefs (-2.5/-110) must win by 3 or more points over the 49ers for this bet to be considered a win. A bet on the 49ers (+2.5/-110) will be posted as a win if the 49ers win outright over the Chiefs or lose by 2 points or less.
- Totals – For over/under betting, the prediction of the final score is 30 (combined between both teams), so bettors can place stakes on the Big Game’s score, coming under 30 points or over 30 points.
How Early Odds Are Set
Though many bettors might not think about how the early odds are established for the Super Bowl, there’s a system that sportsbooks and bookmakers use to get these numbers, and it all begins with each team’s “team’spower rating.” Most of the time, a rating of 100 represents the best team, though the final number could be higher or lower. The bookmakers take the difference between the two “power ratings” and then factor in aspects like team performance, roster changes, home-field advantage, weather, injuries, etc.
While the initial odds are established using a math- and science-heavy methodology, the odds can shift as the season progresses and the methodology becomes more rooted in things like public perception or building momentum, as well as some of the factors above. Sharp money is also a factor that can change odds—bookmakers adjust the lines accordingly to even out the action on either side of a bet.
Key Factors to Consider When Analyzing Super Bowl Odds
To successfully read Super Bowl 59 betting odds, bettors must keep a few key factors in mind to ensure they’re placing the best bets they can! At the end of the day, the odds are numbers representing the likelihood of each team making it to the Big Game, but what elements inform these numbers in the first place? Let’s dive into the reasons behind the Super Bowl odds you’re at the beginning of the season—make a Super Bowl bet that’s rooted in insight and research!
Team Performance and Roster Strength
One significant element informing the current odds for the Super Bowl is the team’s previous season’s performance. Names like the Kansas City Chiefs or the San Francisco 49ers will undoubtedly have better odds of making it to the Big Game, considering that the Chiefs have made it to four of the last five Super Bowls (and won three of them) and that the 49ers have made two appearances in the previous five.
Another element that impacts this season’s odds is any off-season changes that might have occurred in the teams’ rosters. Staying current on these significant changes will help you make the most informed Super Bowl bets possible. If a particular team loses a player in off-season trades
Strength of Schedule
If you’re new to betting on the NFL, “strength of schedule” refers to the difficulty or ease of a team’s opponent compared to other teams. It’s the combined record of all teams in a schedule, and the “strength of victory” is the combined record of all teams that were beaten in that schedule.
The strength of the schedule is used to determine the draft position. If two teams have the same record at the end of the previous season, the team with the lower winning percentage against their opponent gets the higher draft pick. Teams with easier schedules are much more likely to make the playoffs.
So, it makes no difference if the team is technically sound or flawed—the schedule’s strength can cause a worse team to make the playoffs, while a better team could miss out!
Injuries and Player Availability
Factors like player injury or suspensions can significantly affect Super Bowl odds. If a team is missing a key player from its lineup, there’s a good chance that its odds of winning the Big Game will shift. The bookmakers, sports betting platforms, and other analysts keep a close eye on players’ health through the season leading up to the Super Bowl, and they’ll adjust their odds accordingly.
Coaching and Management
The coaches and team management are responsible for developing their team’s overall game plan and strategy, so their strategic decisions can heavily influence how the team plays. Though they aren’t hitting, throwing, running, scoring, or catching, coaches play a pivotal role in the team’s performance and their likelihood of making it to the playoffs and the Super Bowl.
Coaches’ duties include personnel decisions, play calling, and adjustments throughout the game. They also cover all aspects of practice, player development, and film study. Another noteworthy duty is setting the tone for the team’s discipline, energy, and mentality—motivation and strong leadership play a crucial role here and elevate that team’s chances of performing well all season long.
Market Sentiment
Public sentiment and media coverage are critical in a team’s odds of making the Super Bowl shift and evolve throughout the season. The betting public usually has a specific team in mind as the favorite, and most of the public’s money will end up riding on that team. Books will even out action on these bets by making the underdog more appealing to bet on, usually in the form of a discount.
As the season carries on, it can become difficult to discern the actual likelihood of each team winning because the odds have shifted to balance the books. This is why bettors must pair recent performance data, historical statistics, and other factors with market sentiment to make a solid, informed bet on the Super Bowl.
Top Teams to Watch—Best Value Picks
Let’s highlight the top teams you’ll want to look at this season with the greatest likelihood of making it to Super Bowl 59. As it stands, the sportsbooks have the Chiefs, 49ers, and Ravens as the likeliest franchisees to get through the playoffs and secure a position at the Big Game:
Kansas City Chiefs
Current Odds
The Kansas City Chiefs are the odds-on favorites to win Super Bowl 59 in February:
Sportbook | Odds |
---|---|
DraftKings | +475 |
FanDuel | +500 |
Caesars | +575 |
BetRivers | +500 |
BetMGM | +450 |
Reasons for Value
Kansas City is a strong contender to win the next Super Bowl, considering that they have made it to four of the last five Super Bowls and won two! Just consider last year’s performance:
- The Chiefs won the 2024 Super Bowl, coming off a season record of 11-6.
- In the conference, KC went 9-3, and they went 4-2 in the AFC West.
- They went 4-2 at home and 6-2 on the road.
- They scored 21.8 points per game.
- Their record in one-possession games was 6-5—they won twice in games decided by three points or fewer.
- The Chiefs hold a record of 2-4 after playing in six island games last season.
San Francisco 49ers
Current Odds
As the odds stand now with the online sportsbooks, the 49ers are looking like the second-most likely team to win the Big Game:
Sportbook | Odds |
---|---|
DraftKings | +550 |
FanDuel | +550 |
Caesars | +625 |
BetRivers | +500 |
BetMGM | +550 |
Reasons for Value
For the first time in two years, the 49ers will have a first-round draft pick, meaning they’ll be entering 2024 with one of the most competitive rosters in the entire league. You combine this with the fact that they’ve been to the Super Bowl twice in the last five years, along with the Chiefs trading Tyreek Hill to the Dolphins in exchange for a package of five draft picks, and you have a recipe for what could be a Super Bowl win for the 49ers!
Betting on the 49ers to win the Super Bowl could be an intelligent early bet because the sportsbooks may be underestimating their ability. We recommend that our readers make early bets on the 49ers to get a reasonable price on the odds as they stand now!
Baltimore Ravens
Current Odds
We viewed the Super Bowl odds at our favorite football betting apps, and here’s what we found:
Sportbook | Odds |
---|---|
DraftKings | +1200 |
FanDuel | +1200 |
Caesars | +900 |
BetRivers | +1200 |
BetMGM | +1200 |
Reasons for Value
The bookmakers call the Ravens a sleeper pick to make it to Super Bowl 59. Several promising players can carry this team to victory, including:
- Lamar Jackson scored 273 passing yards and completed 63.4% of his passes in a recent faceoff with Kansas City.
- Rashod Bateman added 53 yards on two catches and put up 53.0 receiving yards per game.
- Justice Hill: He caught six passes on eight targets for 52 yards.
Potential Risks—One Team That May Be Overvalued
There’s a team that we feel the books are overvaluing, and that could turn out to be a disappointment come the day of the Big Game. They are already a long shot to make it to the Super Bowl, and it could be a waste of time to bet on them as Super Bowl champions this year.
Philadelphia Eagles
Current Odds
Sportbook | Odds |
---|---|
DraftKings | +1000 |
FanDuel | +1100 |
Caesars | +900 |
BetRivers | +1100 |
BetMGM | +1100 |
Reasons for Overvaluation
With the firings of both the offensive and defensive coordinators and the two retirements of Jason Kelce and Fletcher Cox, this is a big rebuilding year for the Eagles. And who’s to say that Philadelphia might not experience a repeat of the late-season collapse we saw in 2023 happen again this year with less experienced players on the roster?
Betting Strategies for Early Super Bowl Odds
It can be tricky to bet on one of the most significant NFL events of the year, especially if you place your bet several months before. So many things can change during that time that it can quickly make the current information completely useless. However, there are a few tricks to betting Super Bowl 59 in the fall where you can still make a profit come February.
Diversifying Bets
Because you’re staking money on an event that’s too far in the future to bet on with the best accuracy, it’s best to spread your bets across multiple teams to hedge against risks. In the case of Super Bowl 59, don’t just bet on the winner. Consider betting on the team that will cover the spread or on whether the game’s combined score will fall under or over the line. The more you can spread your money around in multiple bets, the better off you’ll be weathering risks.
Monitoring Odds Changes
Check into multiple sportsbooks regularly throughout the season to see where the odds are shifting and which teams are either gaining momentum or losing steam. Remember that odds can fluctuate based on actual probability of each outcome, but it can also be due to the book’s balancing the action. Know the difference so you don’t add the wrong odds to your bet slip. You might hedge your bets by placing additional wagers on opposing outcomes. Doing so will help you minimize potential losses and secure profits, regardless of how the Big Game turns out.
Long-Term Betting vs. Short-Term Gains
The best option is consistently sticking with your original wager and hedging your bets to offset a possible loss. You’re ultimately paying more vig on the cashout or the hedge bets, so it’s never going to be as good as the expected value you’ll get from your original bet, even if the odds shift drastically.
Lock in Value Early with Super Bowl Bets
After analyzing early Super Bowl odds and identifying teams with the best value, placing early Super Bowl bets is best to get the best-expected value. Just remember to root your picks in solid research and the application of historical data. When placing your Super Bowl bets early, keep factors in mind like recent performance, strength of schedule, injuries, market sentiment, and coaching to inform your decision—keep an eye on how odds change as the season progresses.
The Science of Loss Aversion: How Our Brains React to Losing Streaks
Loss aversion is the cognitive bias where people consider the pain of losing twice as powerful as the pleasure that comes from gaining something, even when it comes to well-calculated risks. Loss aversion can play a crucial role in decision-making when it comes to gambling for some bettors and gamblers. This spells bad news, not only for the online or land-based casinos but also means that the gambler misses out on tremendous money-making opportunities because they are too nervous or hesitant to go out on a limb.
In this exploration of loss aversion and how it relates to gambling, we’ll highlight the psychological and neurological aspects of loss aversion in the context of losing streaks. Understanding loss aversion can help gamblers become more confident about taking well-calculated risks, make more informed decisions, and manage their emotions during losing streaks so they can thrive even in the midst of a slump.
What Is Loss Aversion?
Loss aversion occurs when people’s actions are more motivated by avoiding the pain of losing than by the pleasure they will get from winning or gaining something. In gambling, this might look like a player being nervous to stake $100 in a game in the hopes of winning another $100.
Think about losing $100 versus finding $100 on the street. Which one of these things would stir up a stronger response within you? For most people, the idea of losing $100 is far more painful and raw than the excitement one would have over finding $100. This is the essence of loss aversion, which is technically defined as the human tendency to avoid losses rather than acquire equivalent gains.
It doesn’t help that loss aversion strengthens as the stakes increase. So, while loss aversion can spare us from the pain of a significant loss, it can also prevent us from taking well-calculated risks with potential worthwhile returns.
An Example of Loss Aversion in Everyday Life
Clear examples of loss aversion can be found in activities like gambling, sports betting, stock trading, and investments, but it can also be seen in everyday life. We’ll run through an example of this concept to give you a better understanding of how this phenomenon presents itself.
ExamplePeople working the same job for years might only stick with it because it’s familiar, and they fear change. They could go for a job that might make them more money or have a better work environment. Still, they are hesitant to go for the opportunity because they have to deal with a period of change that involves learning new skills, navigating new relationships, or coming up with a different schedule. Even though the new job would benefit them greatly in several ways, they are nervous about making that change.
Loss Aversion vs. Risk Aversion
There’s another concept called risk aversion, and it might sound the same as loss aversion, but there are two completely different things. Whereas loss aversion has us valuing losses more than gains, risk aversion has us view losses and gains equally.
The best way to describe the difference between these two concepts is to give you the scenario of getting involved in a fair coin toss where you could possibly win or lose $100 based on which side of the coin you choose.
- People who display loss aversion tendencies will only see the bet as worth it if they can win more than $100 if they are correct, an amount like $150, for example.
- People who display risk aversion tendencies will still see the bet as worth it if all they can win is $100—they aren’t afraid to lose money if it means they could possibly earn $100 on a 50/50 bet.
The Psychology of Loss Aversion
What is it that makes people feel more strongly toward potential losses than potential gains? To answer this question, we’ll look over some psychological theories behind the phenomenon of loss aversion that have been posed over the years.
Prospect Theory (Kahneman & Tversky, 1979)
The prospect theory of behavioral economics describes how individuals assess their loss and gain perspectives unevenly. People generally avoid taking risks if there are significant potential losses because losses loom larger than gains. Even if it makes logical sense to take a risk because the potential reward is mainly worth the payoff, some people can’t be convinced to go for it for fear of losing, which overrides any gratification that one could get from winning.
This goes against the concept of expected utility theory, which doesn’t account for actual behavior or people and instead posits a model where people make rational decisions 100% of the time. In prospect theory, loss-averse people work off of a set reference point or status quo, which is subjective and different for different people in different scenarios.
The Sunk Cost Fallacy
This is the phenomenon of a person being hesitant to abandon their current strategy because they have invested time and effort in it. Even though it’s clear that cutting their losses would be the most beneficial move, this person feels that sticking with their current course of action is best because of their investment.
It’s this sunk cost fallacy that leads many gamblers into disaster. A key example would be someone continuing to gamble after a string of losses because they feel they can make their money back by upping their stake (chasing losses) or because the machine is due to pay out at any minute.
The main idea behind this is that the gambler is sticking with a poor investment of time and money because they don’t want to feel bad about losing or facing failure.
In essence, the sunk fallacy cost is the opposite of the prospect theory, where gamblers, stock traders, or sports bettors can irrationally avoid risks because they can’t deal with the prospect of losing money. With sunk cost, you’re still operating irrationally. Still, it’s the expectation that your luck will turn around and benefit you even though you’re not making the best decision or employing the best strategy.
The Endowment Effect
The behavioral psychology principle states that people are more likely to keep an object they own than to get it when they don’t. Your maximum willingness to pay to get a particular object is typically lower than the least amount you’d be willing to accept to give up that same object if you own it. Essentially, you’re operating from a place of entitlement and higher standards when you have a sense of ownership over something.
Endowment can significantly influence how we perceive wins and losses in gambling and losing streaks. There’s always some reference point that can either put things into perspective or skew our perspective of the situation.
To illustrate this idea further, let’s say you’re entering a drawing for $500 at your local casino. Only twenty names are called, and it was a slow night where only twenty people entered the drawing—this means you’re guaranteed to win $500, which excites you! But then there’s a change-up. One of the twenty names called gets an all-expenses-paid vacation to the Caribbean valued at 10,000. When your name isn’t called for the vacation, you’re disappointed even though you knew you would win $500, regardless. Your perspective was skewed due to the endowment effect!
The Neuroscience of Loss Aversion
The phenomenon behind loss aversion has its roots in different brain regions from which people’s ability to make decisions or feel fearful stems. This part of our guide will address the brain areas responsible for the emotional influences one might think in gambling. This should give you a clearer understanding of why you or someone you know might not be willing to take a risk for a worthwhile payoff.
The Amygdala and Emotional Processing
The amygdala is a part of the larger network of your brain known as the limbic system. This area of your brain detects danger and plays a vital role in your survival because the amygdala is known for controlling the fear emotion, specifically the fight or flight response that people experience when sensing danger or threats. The amygdala is also responsible for association learning and decision-making and setting the conditions for emotional expression.
Prefrontal Cortex and Decision-Making
This area of your brain, the prefrontal cortex, is the seat of willpower. The PFC is responsible for people being able to take the long-term perspective in evaluating or analyzing risks and rewards. The prefrontal cortex is in close contact with the emotional animal brain, alerting people to danger and where gratification is sought.
Nucleus Accumbens and Reward Processing
The nucleus accumbens is the area of the brain responsible for helping people process rewards like food, social interaction, substances, or sex. It’s stimulated by pleasure or the anticipation of pleasure or rewards. This is also the place in the brain where serotonin and dopamine are released, which plays a pivotal role in behavioral aspects like learning, motivation, or reward-seeking.
How Our Brains React to Losing Streaks
There are many emotional and cognitive responses to losing streaks in gambling, and the more you know about how the brain works, the more you can avoid these losing streaks and navigate the tricks your mind can play on you that keep you from making worthwhile changes in gambling.
Emotional Arousal and Stress
When gamblers win a bet, their brains give them an emotional reward, typically through the release of dopamine that creates feelings of pleasure. On the flip side, gambling can activate the area of the nervous system that responds to stress. Near misses can cause a gambler to keep playing despite whether or not they are winning, while losses can prompt them to feel stressed and simultaneously compelled to chase after the money they lost. If gambling becomes a problem, it can cause other negative emotions like anxiety, low self-esteem, and depression.
Cognitive Biases and Irrational Thinking
We discussed several cognitive biases that occur when gambling and some irrational thoughts that come from different situations we encounter when winning and losing streaks occur. Based on circumstances and brain chemistry, gamblers will experience many sensations that aren’t rooted in rational thinking. The more you can be aware of these mind tricks from gambling, the more you can avoid falling into the traps that lead down the road of losing streaks.
These include:
- Not pursuing worthwhile risk because any loss overrides any equal reward that might come from taking the risk (prospect theory).
- Believing you need to stick with your current strategy due to the time, effort, and money you’ve dedicated to it, even if it’s not working (chasing losses, sunk cost theory, etc.).
- Not enjoying your winnings due to considering any other prizes you could have won (endowment theory).
Self-Efficacy and Confidence
Self-efficacy is a person’s belief that they can resist gambling in any given situation. However, gambling can do something within our brains where impulsive or irrational decision-making takes over despite our best intentions. This can fluctuate based on personal experience, environmental factors, or emotional triggers.
For example, a gambler could decide to cut their losses following a losing streak, but the ideas that we discussed with the sunk cost fallacy could kick in if gamblers with monetary cravings insist on chasing their losses. They want to recoup the money they lost.
Consequences of Loss Aversion in Gambling
Negative consequences come with loss aversion in gambling. Below are some of the most common ones:
Chasing Losses and Escalating Bets
To regain the money they lost, some bettors will increase the volume of their bets or the amount of their bets. There are some high-level gambling techniques where you can successfully pull this off, but those with limited resources tend to dig deeper into the hole of their current losing streak when they go down this path. This decision is made because the gambler can’t deal with the idea of losing money. They make the rash decision to dip themselves deeper to regain what was lost.
Tilt and Impulsive Decisions
Tilt is a term used mainly in poker to describe when a player loses control of their game and begins making increasingly bad decisions based on frustration or anger. It can be caused by losing a big pot, losing several hands in a row, or getting beaten by an aggressive or annoying opponent. Players who suffer from tilt might begin getting overly aggressive with the hands they play, making incorrect decisions, or bluffing excessively.
Decreased Enjoyment and Increased Stress
When you’re constantly thinking about your losses and how to recoup them in the case of a bad losing streak, this can suck all the fun out of gambling. This state of mind can cause your stress levels to go up and lead to an overall decrease in the enjoyment you experience when you settle in for your favorite slots or table games.
Strategies for Managing Loss Aversion
If you’re interested in learning the strategies for mitigating the effects of loss aversion, continue reading to learn the primary tips and tricks for navigating this challenge.
Setting Realistic Expectations
It’s important to know the facts of the matter before jumping to the conclusion that you’re doomed from the start. With most forms of gambling, there’s a house edge in place, which ensures that the online or land casino makes a profit and can continue to operate. This is one of the basic expectations you should have when gambling—the house often wins.
However, there are proven strategies to grow your bankroll by playing certain games that are more favorable than others and ways to minimize your losses through the use of effective bankroll management. You should go into gambling knowing that the odds are slightly stacked against you but that you can overcome them if you choose the right games, apply a consistent strategy, and put limits on how much time and money you’re dedicating to each session.
Setting Up Budgets
It’s critical to set up time and money limits for yourself when gambling online or at your local land casino. Keeping your session short actually increases your likelihood of winning because, most of the time, your results get worse the longer you keep at it. Limiting the amount of money you can use will help keep your losses from getting too extreme. Only use money you can afford to lose!
Use a set amount of money for each session—don’t go over! This can significantly limit your losses with time. Put time limits on your sessions. Once time is up, step away. Let go of the problems you might have had during that session and revisit them the next time you have set aside to gamble.
Practicing Self-Awareness and Self-Regulation
Reframing losses as opportunities for learning is critical to having gambling sessions where you can enjoy the experience and move forward confidently. Self-control and self-regulation can be highly satisfying in gambling. These practices can lead you to make responsible moves that ensure the games you play while slowly building your bankroll.
Understanding Losing Streaks Leads to Better Gambling Practices
Don’t be loss-averse, be risk-averse. Loss aversion can lead you never to want to take a chance, or it could lead you down the road of chasing losses during your gambling sessions. On the other hand, being risk-averse means finding equal value in the amount of money you lose or gain, a much healthier approach overall to gambling or sports betting. If you’re risk-averse, you weigh which risks are worth taking, and you’re still willing to take a stab at a bet that could potentially benefit you down the road!
Understanding loss aversion in the context of gambling can give you some key insights as to the pitfalls that await gamblers who don’t practice self-awareness. As always, we encourage you to adopt strategies for managing loss aversion and promoting responsible gambling practices. Set up a gambling budget, a set amount of money you can afford to lose for each session, and put time limits on your sessions, too!
Can You Really Make a Living Betting on Sports? The Truth Revealed
For lovers of the game, getting paid to watch sports probably sounds like the best job in the world. If you love what you do, is it even work? The idea of making a living from betting on sports is enough to make any fan jump out of their seat like when their fav team wins in OT. Sounds too good to be true, doesn’t it?
We aren’t gonna pretend or lie to you—in most cases, it is too good to be true. Turning sports betting into a steady paycheck is not easily done. Of course, there are people who do it, but they’re not just skating by on good luck. They treat it like a business, concentrating on strategies, discipline, and skill.
Is there some kind of secret to making a living from sports betting? No, but we can tell you that discipline is everything. It’s not just placing occasional bets without doing your homework! You need a game plan, a budget, and the ability to separate the facts from your feelings. The best bettors know all of the stats, track trends, and know how the odds work.
You also need the right mindset to make this a reality! Winning every bet isn’t the endgame—coming out ahead in the long run is. And that takes patience, handling losses like a big boy (or girl), and constantly thinking about the bigger picture. Making a living from sports betting is hard, but for the people who put in the work, it is doable.
Want to try your hand at turning sports betting into your day job? We’ll tell you the difficulties, the harsh realities, and what it actually takes to make it into a full-time gig!
The Dream vs. The Reality
A lot of people fantasize about turning their love for sports into a way to make money—it’s a great gig! Not only are you doing something you already do for fun, but making bank on top of it? Amazing! We don’t want to rain on your parade, but the reality of making a living from sports betting is way harder than most people think.
The Popular Fantasy of Sports Betting
Just the thought of making a living through sports betting is incredibly appealing—in this fantasy, people are conjuring up visions of easy money, a flexible lifestyle, and the excitement of making a hobby into your 9 to 5 (or later, you know what we mean). This notion has been fueled in part by media portrayals and stories of high-profile gamblers who have struck it rich. We see movies and TV shows where the underdog hits the jackpot and becomes an absolute legend overnight, or we hear about professional gamblers who appear to have cracked the code.
One reason sports betting is seen as an attractive career is the accessibility of the industry. More people are getting into it with the broad legalization of sports betting in the U.S. The industry’s fast growth has created an illusion that anyone with enough knowledge and love for the game can make it big.
In 2023 alone, the sports betting handle in the U.S. was nearly $120 billion, an homage to its growing popularity.
That’s when we come crashing back to reality, and that is that it’s not even close to what the media’s portrayal suggests. Yes, there are success stories, but they are few and far between. The real truth is that professional sports betting is not a get-rich-quick scheme—it takes a combo of skill, discipline, and a lot of luck.
The Harsh Reality
The majority of sports bettors lose money over time. It’s a bitter pill to swallow, but it’s the truth—statistics show that only a small percentage of bettors are consistently profitable.
- Most professional sports bettors win around 55% of their bets, which might not sound impressive, but it’s actually quite difficult to achieve. To break even, a bettor has to win at least 52.4% of their wagers due to the vig (the bookmaker’s fee), and only a small fraction of bettors manage to sustain a win rate higher than that.
- For the average bettor, the odds are even less favorable. Most end up losing money, especially when they bet with their emotions rather than any kind of strategy. The reality is that sportsbooks are businesses that are built to make a profit, and they have a home team advantage over the bettor. This is why, despite the growing number of people placing bets, very few can make a sustainable living from it.
Even those who do manage to turn a profit are up against razor-thin margins. Professional sports betting requires not only a complete understanding of the sports themselves but also the ability to manage bankrolls, analyze data, and keep up the same discipline over the long term. It’s a grind that can be both mentally and financially taxing, and people who try to make a career out of it tend to burn out.
The element of luck cannot be understated—skill does matter in sports betting, but the unpredictability of sports means that even the most knowledgeable bettors will have losing streaks. This unpredictability is a reason why sports betting is so exciting, but it’s also what makes it so risky as a profession.
What It Takes to Be a Professional Sports Bettor
Getting into the world of professional sports betting isn’t some casual endeavor—if you want to make it a career, it takes dedication, discipline, analytical thinking, and super-strategic decision-making!
Discipline and Emotional Control
The first rule of the professional sports betting club is that we don’t talk about the professional sports betting club. Just kidding, this isn’t Fight Club. It’s discipline, and you have to treat betting like a serious business. Professionals understand the importance of keeping their emotions in check, and so will you if you decide to make a go of it. Doesn’t matter if you’re on a winning streak or having a rough patch; your decisions have to be driven by strategy, not by your feelings.
This discipline lets them keep their focus and prevent the kind of emotional swings that can turn into bad decisions!
Successful bettors develop and stick to their routines and plans. They know that one of the fastest ways to deplete a bankroll is to chase losses or to bet impulsively after a sizable win. This is where emotional control comes into play—professionals are able to walk away, even when it’s super tempting to double down.
Understanding and Analyzing Data
A professional sports bettor’s success hinges on their ability to analyze data successfully—not just Knowing who the star players are or who’s been winning of late; they crunch the numbers and understand any underlying trends and statistics that can influence outcomes.
This level of analysis includes everything from player performance metrics and team statistics to the more nuanced factors like injury reports, weather conditions, and historical matchup data. Professionals spend hours going through this info, looking for patterns or discrepancies that could give them an edge or a leg up. They also use tools and software to help model potential outcomes and are constantly polishing their approach based on the data they gather.
For Example:Let’s say a main player gets injured—a professional bettor won’t just look at the headline and panic; they’ll assess exactly how that player’s absence affects the team’s overall strategy, how the odds have changed in response, and if there’s now a betting opportunity that others might have overlooked!
Bankroll Management
No matter how skilled a bettor is, losing streaks are going to happen—it’s a fact, and this is why bankroll management is so important. Without a solid plan for managing your money, even the best strategies can result in financial ruin.
Professional bettors treat their bankroll like a business account—they set aside a specific amount of money dedicated solely to betting and never dip into funds that are meant for other expenses. They also establish clear rules about how much they’ll wager on each bet, usually keeping it to a small percentage of their bankroll to steer clear of large losses.
A common strategy among professionals is to bet only 1-3% of their bankroll on any given wager. It’s a conservative approach that helps to protect against huge losses and gives them longevity in the betting game. Some bettors will adjust their bet sizes based on confidence levels or perceived edges, but they always do so within the confines of a well-thought-out bankroll management plan.
Developing a Betting Strategy
A professional sports bettor isn’t someone who bets on every sport or every game, no, no, no. The pros create a specialized strategy that focuses on specific sports, leagues, and even kinds of bets. Specialization means they can become experts in their chosen area, learning and getting valuable intel that casual bettors will probably miss.
Different strategies work for different bettors.
- Some focus on value betting, where they look for odds that the bookmakers misprice.
- Others use arbitrage strategies, which is when they exploit differences in odds across various sportsbooks to guarantee a profit.
- And there are those who focus on niche markets, like prop bets or futures, where the competition tends to be way less intense.
The name of the game is consistency. Professionals stick to their chosen strategy, constantly adapting it based on new info and results. They fight the temptation to change strategy on a whim, knowing that long-term success comes from mastering a particular approach rather than dabbling in a bit of everything.
Finding an Edge
In the land of professional sports betting, finding an edge is everything. Bookmakers set odds to guarantee they have an advantage, so the challenge for a bettor is to find situations where the odds don’t accurately show the true probability of an event.
This edge can come from different source:
- An overlooked injury report
- A change in weather that affects gameplay
- Or better knowledge of a team’s present form
Professional bettors are always on the lookout for these opportunities, as they know that the market is continuously shifting, and what might be an edge today could very well be gone tomorrow.
Professionals are also aware that their edge may be small, so they have to be patient and wait for the right opportunities. They’re not afraid to take unpopular positions if the numbers support it, and a willingness to go against the grain, backed by thorough analysis, is what separates the successful bettors from the rest.
The Challenges of Making a Living
Getting to say, “I’m a professional sports bettor!” sounds good in theory, but in actuality, it’s way more complicated and comes with dangers. Below is a look at some of the biggest hurdles that professional bettors have to deal with.
The Bookmakers’ Advantage
Bookmakers don’t leave much to chance—they’re in the biz to make money, and they do this by verifying that the odds are always in their favor. This inherent advantage, known as the “house edge,” is baked into every single bet you place. Bookmakers use a mechanism called the “vig” or “juice,” which is essentially a fee charged on every bet, making it harder for bettors to come out ahead in the long run.
In addition to the vig, bookmakers adjust their odds based on betting patterns to guarantee they stay profitable—if a large amount of money is placed on one side of a bet, the bookmaker could adjust the odds to encourage betting on the other side. This way, they are balancing their books and protecting their profits, making it even harder for the average bettor to find value in the odds that are offered.
Variance and Losing Streaks
Variance is a term that every serious bettor has to understand. In sports betting, variance is the natural ups and downs that happen due to the unpredictable nature of sports. Even the best bettors have losing streaks, and these can be long and mentally taxing. It’s not unheard of for professional bettors to have stretches where nothing goes their way despite making all of the right calls.
The psychological toll of these kinds of long losing streaks is mentally taxing, and it takes immense discipline to stick to your strategy and not make emotional decisions during the tougher times. Professional bettors need to be mentally resilient, knowing that losing streaks come with the territory and that success is measured over the long term, not by individual bets or short-term results.
Time Investment and Stress
The life of a professional sports bettor is far from glamorous—you don’t just live the high life. It is an intensive time investment where you are researching games, analyzing data, and managing bets. This is not a hobby—it’s a full-time job that takes constant attention to detail and total dedication and knowledge of the sports and markets you’re betting on.
The stress associated with this way of life is another huge challenge. The pressure to always find and exploit betting opportunities, combined with the financial stakes involved, can result in emotional burnout. It is not a 9 to 5—there isn’t much downtime or even days off. Bettors work long hours, including weekends and holidays, and the need to stay ahead of the market won’t give you much time to relax.
Account Restrictions and Bans
This seems really unfair, and maybe it is, but one of the most frustrating aspects of professional sports betting is dealing with account restrictions or even outright bans from sportsbooks.
When a bettor consistently wins or takes advantage of favorable odds, bookmakers can limit their ability to bet. This doesn’t sound like it should be legal, but it is!
They can reduce the maximum amount they can bet, restrict the types of bets they can place, or close their accounts altogether. In other words, you could be punished for winning.
Bookmakers justify these actions as being necessary to protect their business, but for successful bettors, it is a massive roadblock. To alleviate it, some bettors will spread their wagers across multiple accounts or use certain strategies to stay below the radar, but even these workarounds have their limitations, and negotiating any restrictions is part of an ongoing cat-and-mouse game between bookmakers and professional bettors.
Case Studies and Examples
Sports betting, like any high-stakes endeavor, has examples of both amazing success and devastating failure. Below is a look at some of the most famous examples from the world of sports betting—the good and the bad.
Success Stories
For those who’ve mastered the art and science of sports betting, the rewards have been considerable—these 10 pros have combined skill, discipline, and luck to build really impressive careers in sports betting:
Billy Walters
Known as the most successful sports bettor in Las Vegas history, Billy Walters made a fortune through sports betting. His strategy involved using computer algorithms to identify betting opportunities, often moving lines by placing large bets across multiple sportsbooks. Walters maintained a winning streak for decades, earning hundreds of millions of dollars. His disciplined approach and understanding of the odds made him a legend in the industry.
Haralabos “Bob” Voulgaris
Specializing in NBA betting, Haralabos Voulgaris turned his passion for basketball into a lucrative career. By focusing exclusively on NBA games, Voulgaris developed a deep understanding of player tendencies and game dynamics, allowing him to exploit inefficiencies in the betting lines. His success was so remarkable that he was hired by the Dallas Mavericks to apply his analytical skills to their team operations.
Tony Bloom
Tony Bloom, also known as “The Lizard,” is a British professional gambler and owner of the Brighton & Hove Albion Football Club. He amassed his wealth through sports betting, mostly on football (soccer to the Americans), using statistical models and a cold, calculated approach to betting. His success in betting allowed him to invest in and transform a football club, showing how sports betting can turn into success beyond the financial aspect.
Zeljko Ranogajec
An Australian bettor who is believed to be one of the world’s biggest gamblers, Zeljko Ranogajec, made his fortune in horse racing and sports betting. He is known for placing massive bets, often totaling millions of dollars. Ranogajec’s success is attributed to his use of sophisticated mathematical models and a complete understanding of betting markets.
Matthew Benham
Matthew Benham made his name in sports betting through his data-driven approach, particularly in football. After achieving success in betting, he bought Brentford FC and applied the same statistical principles to the club, leading to its promotion to the Premier League.
Steve Fezzik
The only person to win the Westgate Las Vegas SuperContest twice, Steve Fezzik is renowned for his ability to find value in the betting markets. Fezzik focuses on the long game, using strategies that minimize risk while maximizing returns. His disciplined approach and knowledge of sports betting have made him one of the most respected figures in the industry.
Bill Benter
Bill Benter, an American who found his success in Hong Kong horse racing, is one of the most successful gamblers in the world. While not strictly a sports bettor, his methods and success in using statistical models to beat the odds have influenced the world of sports betting dramatically. Benter’s approach demonstrates the power of combining mathematical models with industry knowledge.
Bob Stoll
Bob Stoll, aka “Dr. Bob,” is a professional sports bettor who made his name by betting on college football and basketball. He used statistical models to predict game outcomes with outstanding accuracy, selling his picks and making huge profits. Stoll’s success shows how a methodical, data-driven approach can yield substantial rewards in sports betting.
Alan Boston
Alan Boston is known for his expertise in college basketball betting—his in-depth knowledge of the game, combined with a rigorous approach to analyzing team performance, has made him one of the most successful sports bettors in this niche.
Nick “Vegas Dave” Della Valle
Vegas Dave made headlines with his high-risk, high-reward bets, including his famous wager on the Kansas City Royals to win the 2015 World Series, which netted him over $2.5 million. While his style is much more aggressive than most, his success in picking long shots has earned him a place among the most famous sports bettors.
Cautionary Tales
But where there is success, there is also failure. The following five stories serve as stark reminders that sports betting, while possibly lucrative, carries big risks that can lead to disastrous losses:
Ben “Parlay” Patz
Known for his large, successful parlay bets, Ben Patz’s story took a dark turn when he was involved in criminal activities, sending threats to athletes via social media. His story illustrates the pressure and dangers that come with sports betting, especially when success results in reckless behavior.
Harry Kakavas
Harry Kakavas was an Australian real estate mogul who lost over $1.5 billion in a ruinous gambling spree. Although his losses were primarily in casinos, his story is a cautionary tale about the risks of high-stakes betting and the dangers of chasing losses—even the super-rich can be undone by gambling addiction.
Ashton Griffin
A former poker player who ventured into sports betting, Ashton Griffin’s story is one of the hazards of excessive risk-taking. Known for betting large sums on different sports, Griffin’s aggressive style led to massive losses. His story shows the importance of bankroll management and knowing when to stop.
Michael “The Grinder” Mizrachi
Although primarily known as a successful poker player, Mizrachi’s foray into sports betting did not go as well. His tendency to take big risks without fully understanding the betting markets led to serious losses, illustrating that even gamblers who succeed in one area can fail in another.
Adam Meyer
Adam Meyer was a sports betting consultant who first found success but later became embroiled in criminal activities, including extortion and fraud. His story is a reminder of how the pressures of maintaining success in sports betting can lead people down a dark and dangerous road.
Can You Do It? Self-Assessment
Look, you have to be honest with yourself and have self-awareness in order to assess if you actually have what it takes to make it in pro sports betting! It demands a specific set of skills (no, not like Liam Neeson’s very specific set of skills in Taken), traits, and a frame of mind that not everyone has. Below, you can see what these requirements are and if you have them!
Skills and Traits Required
To help you evaluate whether you’re suited for professional sports betting, look at the following 15 questions. They’re designed to make you think critically about your abilities, temperament, and financial situation!
- Do you have a strong grasp of statistics? Understanding odds, probabilities, and statistical data is fundamental to making smart and informed bets.
- Can you remain calm under pressure? Betting can be stressful, especially during losing streaks. It’s a necessity to be able to keep your composure and stay with your strategy.
- Are you disciplined with money management? Successful bettors know how to manage their bankroll carefully, betting only a small percentage of it at a time.
- Can you make decisions based on logic rather than emotion? Emotional decisions usually result in poor bets. It’s a requirement to remain objective, even when your fav team is playing.
- Do you have the patience to play the long game? Betting success isn’t just instant gratification; it’s about making consistent, profitable bets over time.
- Are you willing to put in the time to research and analyze data? Professional betting requires extensive research and analysis. It’s not just watching games and betting on the outcomes.
- Can you afford to lose money without it affecting your lifestyle? Betting is inherently risky, and even the best bettors lose money. You should only bet with money you can afford to lose.
- Do you have a long-term mindset? Success in sports betting is measured over months and years, not days—you have to be in it for the long haul.
- Are you adaptable and willing to learn? The sports betting landscape is always changing. Being open to learning new strategies and adapting to market changes is a must.
- Can you handle the psychological ups and downs of betting? The emotional highs and lows of wins and losses can be really hard on your psyche. Mental resilience is the key to keeping your head above water in this industry.
- Do you have a good understanding of the sports you’re betting on? Knowledge of the sport, its players, and all of the different factors that can influence outcomes is super important.
- Are you organized and detail-oriented? Keeping track of bets, analyzing past performance, and managing your bankroll requires strong organizational skills.
- Can you identify value in betting lines? The ability to spot value in the odds bookmakers offer separates successful bettors from the rest.
- Do you have the time to dedicate to betting as a profession? Professional betting is a full-time job! It takes a huge time investment, and that means nights and weekends (even holidays).
- Are you ready to deal with account restrictions or bans from sportsbooks? Successful bettors sometimes have their accounts restricted or closed by sportsbooks. Finding ways to negotiate these challenges is all part of the game.
Realistic Expectations
If you’re still feeling confident after going through the self-assessment, it’s important to set realistic expectations about what it means to be a professional sports bettor. This isn’t a get-rich-quick scheme—it’s a demanding career that takes time, effort, and a big financial commitment.
Time and Effort
Becoming a successful sports bettor necessitates countless hours of research, analysis, and strategy development. You’ll need to study statistics, keep up with player news, and constantly adjust your strategies based on the latest info. This is a full-time job, and it’s not something you can do successfully on the side with little effort!
Financial Risk
The financial risks cannot be understated—even the best bettors only win around 55-60% of their bets; losing streaks will happen. Manage your bankroll wisely and never bet money you can’t afford to lose. And remember that sportsbooks are businesses that are made to make a profit, and they will take steps to protect their interests, including limiting or banning successful bettors.
Side Hustle vs. Full-Time Career
For some, it’s much more practical to keep sports betting as a side hustle instead of a full-time career. This lets you try it out, build your skills, and get a grasp of the demands of the industry without the pressure of relying on it as your main source of income. If you find success and have fun, you can gradually increase your involvement! But if the stress or the financial risk is too much, it’s easier to walk away when it’s not your primary livelihood.
Professional sports betting is not for everyone! It takes skill, discipline, and resilience. If you do the self-assessment above and set realistic expectations, you’ll get a better picture of whether it’s right for you. If not? There is absolutely zero shame in sports betting for fun instead of as a job.
Alternatives to Professional Betting
If you’ve gone through the self-assessment and decided that the life of a professional sports bettor might not be for you, don’t worry—there are so many other ways to be involved in the sports betting world without going full-time! Below are some alternatives that still let you enjoy the excitement of betting without the high stakes of making it your only income.
Part-Time Betting and Side Income
A great alternative to professional betting is to do it part-time or as a little side hustle. Below is how you can make betting a fun and possibly profitable hobby!
- Bet for Fun, Not Necessity: Betting as a hobby takes the pressure off. You can set aside a small portion of your disposable income and place bets for the love of the game. By treating betting as entertainment rather than a job, you can enjoy it without the stress that comes with needing to win.
- Diversify Your Income Streams: Instead of betting full-time, think about mixing it with other income sources. Keep your day job and use betting as a way to supplement your income. This not only lessens the financial risk but also allows you to build your betting skills over time without the pressure of having to make a living from it.
- Look at Niche Markets: Concentrating on niche markets within sports betting is a great way to increase your chances of success while keeping it a side activity. You can bet on less popular sports or specific types of bets, like prop bets or futures, and finding your niche can make betting more fun and potentially more profitable!
- Set Limits and Stick to Them: The key to successful part-time betting (and all betting) is setting strict limits on how much time and money you invest—it’s called responsible gambling. Decide in advance how much you’re willing to spend and how much time you want to devote to researching and placing bets. This way you’ll guarantee that betting stays a hobby and doesn’t take over your life.
- Use Betting Bonuses and Promotions: Almost all online sportsbooks offer bonuses and promotions that add extra value to your bets. Take advantage of these offers to maximize your potential returns without increasing your risk. Just make sure you read the terms and conditions so you know the requirements that come with the bonuses.
- Stay Informed Without Overcommitting: Part-time bettors can still benefit from staying informed about the sports they bet on. Follow news, trends, and expert opinions, but do it in a way that fits within your schedule. This way, you can make smart bets without the need to analyze data and stats constantly!
Working in the Sports Betting Industry
If you love sports betting but aren’t interested in placing bets, there are so many career opportunities within the sports betting industry, so you can be in on the action without the worries that come with betting! Look below for the 10 best roles in the biz:
Bookmaker: Working as a bookmaker or oddsmaker can be an exciting and rewarding career. Bookmakers set the odds for sporting events and manage bets placed by the public. This role requires a strong understanding of sports, statistics, and market dynamics. It’s a great way to stay involved in the betting world and get a steady income to boot!
Sports Betting Analyst: If you like crunching numbers and analyzing trends, a career as a sports betting analyst could be for you! Analysts use data and statistical models to predict the outcomes of sporting events and identify betting opportunities. All sportsbooks and betting firms hire analysts to help them set lines and make informed decisions.
Content Creator: With the growing popularity of sports betting, there’s a high demand for quality content related to the industry. As a content creator, you could write blogs, produce videos, or host podcasts that offer tips, analysis, and info into the world of sports betting. This role means you get to share your passion for sports and betting with an audience.
Social Media Manager: Sportsbooks and betting companies have to engage with their audience on social media, and that’s where a social media manager comes in. This role involves creating and managing content for social media platforms, interacting with followers, and promoting the brand. It’s a great way to combine a love of sports with a career in marketing.
Customer Service Representative: If you have strong communication skills and like helping others, think about a role in customer service for a sportsbook. Customer service reps assist bettors with account issues, provide info about betting options, and help resolve any problems that pop up. It’s a front-facing role that keeps you connected to the betting community.
Data Scientist: For those with a degree and a strong background in math and computer science, working as a data scientist in the sports betting industry can be a lucrative career. Data scientists develop algorithms and models that help sportsbooks set odds, manage risk, and identify profitable betting opportunities. It’s a highly technical role that plays a leading role in the success of all betting operations.
Compliance Officer: As sports betting becomes more regulated, the need for compliance officers has skyrocketed. These professionals verify that sportsbooks operate within the legal framework set by governing bodies. It’s a role that takes knowledge of the law with an understanding of the betting industry, making it a great fit for those with a legal background.
Product Manager: If you’re interested in the development side of sports betting, a career as a product manager could be a good fit. Product managers oversee the development and management of betting platforms, guaranteeing that they meet the needs of users and stay competitive in the market. This position involves working closely with developers, designers, and marketing teams.
Affiliate Marketer: Affiliate marketing is a popular way to earn money by promoting sportsbooks. As an affiliate marketer, you earn commissions by referring new customers to betting sites. This can be done through a blog, website, or social media presence. It’s a flexible role that means you are able to work on your own terms while still being a part of the betting world.
Event Coordinator: For those who like organizing events, working as an event coordinator for a sportsbook or betting company can be a fun and interesting career. The job is planning and executing events, like tournaments, promotions, and customer engagement activities. It’s a hands-on role that takes creativity and a love for sports.
Conclusion: Going Pro: Yay or Nay?
Deciding to go pro in sports betting is a big move. It’s exciting, but it’s also tough and risky. If you love the game and have the discipline to handle the ups and downs, it might be worth a shot. But for most people, keeping it as a fun hobby is the way to go. Bet smart, have fun, and remember—sometimes it’s better to watch the game without any pressure.
Making your living from sports betting alone is def not for the faint of heart. It’s a difficult, high-stakes “job” that takes discipline, a strong strategy, and the ability to handle big risks. Yes, the thought of turning your passion for the game into a profession is intriguing, but you must weigh the possible rewards against the very real perils. For the majority of people, betting as a hobby or side hustle is the wiser choice.
What’s your hot take—does the idea of going pro in sports betting sound like a dream, or do you think it’s better to keep it in the hobby zone? Tell us what you think or any experiences you’ve had with sports betting in the comments!
Top NFL Teams to Watch This Season: Predictions and Betting Tips
Many people say that the 2024 NFL will be one of the most exciting in a long time due to the number of notable players and teams. Our guide will present the best NFL teams to watch this coming season. We’ve offered a mix of predictions for these teams and some betting tips for maximizing potential winnings. We’d encourage you to refer to this guide to gain insights that can inform your 2024 NFL betting decisions.
- Key Dates This NFL Season
- Top NFL Teams to Watch
- NFL Betting Tips
- Potential Upset Teams
- Predictions for the 2024 NFL Season
Overview of the NFL Season
As the 2024 NFL season kicks off, there are several important dates to keep in mind and specific teams that you’ll want to keep a close eye on as the season progresses. This helpful overview of the upcoming 2024 NFL season will give you a rough guideline of when it’s appropriate to place future bets and show you what aspects of these teams you’ll want to examine to choose the best bets possible when the odds become available at your favorite football betting apps.
Key Dates
What are the most important dates this NFL season? Don’t miss a single minute of the action. We’ve covered you from the start of the season through the playoffs and Super Bowl in February!
September, 2024
September 1—The final day of preseason training camp for all clubs
September 2-7—All clubs are required to file a Practice Report and a weekly regular-season Game Status Report with the NFL Communications Department
September 5-6 + 8-9—The first week of regular season games
September 6—NFL International Game at Corinthian Arena (São Paulo, Brazil), Green Bay vs. Philadelphia
September 27 + 30—Clubs can begin practicing players on “reserve/physically unable to perform” or “reserve/non-football injury or illness” for a period not exceeding 21 days, following the day after a club’s fourth regular season game
October, 2024
October 1—Clubs can begin practicing players on “reserve/physically unable to perform” or “reserve/non-football injury or illness” for a period not exceeding 21 days, following the day after a club’s fourth regular season game
October 6—NFL International Game at Tottenham Hotspur Stadium (London, United Kingdom), New York Jets vs. Minnesota Vikings
October 13—NFL International Game at Tottenham Hotspur Stadium (London, United Kingdom), Jacksonville Jaguars vs. Chicago Bears
October 15—Deadline to file a grievance for any players who claimed the 2024 Injury Protection benefit
October 15-16—Fall League Meeting (Atlanta, Georgia at the Whitley)
October 20—NFL International Game at Wembley Stadium (London, United Kingdom), New England Patriots vs. Jacksonville Jaguars
November, 2024
November 5—All 2024 trading ends
November 6—Players are subject to the waiver system for the rest of the regular season and postseason; those that have at least four previous pensions-credited seasons
November 10—NFL International Game at Allianz Arena (Munich, Germany), New York Giants vs. Carolina Panthers
November 12—The signing period ends for franchise players who are eligible to get Offer Sheets
November 12—Deadline for clubs to sign their unsigned franchise players, transitional players, or franchise players who are eligible to get Offer Sheets
November 12—Deadline for clubs to sign their unrestricted free agents
November 12—Deadline for clubs to sign their restricted free agents
December, 2024
December 10-11—Special League Meeting/Front Office Accelerator at the Ritz-Carlton-Las Colinas in Irving, Texas
January, 2025
January 6—Clubs can start signing free-agent players for the 2025 Season, including CFL players
January 6—Clubs can negotiate or extend the contract of a drafted rookie player who was picked in any round of the 2022 College Draft (or for undrafted rookies who were signed in 2023)
January 6—Clubs can exercise fifth-year options for players who got picked in the first round of the 2022 Draft
January 8—Rosters are frozen for clubs participating in the postseason following the final regular season weekend
January 11-13—Super Wild Card Weekend
January 18-19—Divisional Playoff Games
January 20—NCAA National Championship Game at Mercedes Benz Stadium in Atlanta, Georgia
January 26—AFC and NFC Championship Games
January 30—East-West Shrine Bowl
February, 2025
February 1—Senior Bowl at Hancock-Whitney Stadium in Mobile, Alabama
February 2—Pro Bowl Games
February 9—Super Bowl 59 at Caesars Superdome in New Orleans, Louisiana
February 18—Clubs may designate franchise or transition players
February 24-March 3—NFL Scouting Combine at the Lucas Oil Stadium in Indianapolis, Indiana
March, 2025
March 4—Deadline for clubs to designate franchise or transition players
March 10-12—Clubs are permitted to contact and enter into contract negotiations with certified agents of players who will become unrestricted free agents upon the expiration of their 2024 player contracts
March 12—Prospective, unrestricted free agent can execute a contract with a new club until 4:00 PM EST
March 12—The 2025 League Year and Free Agency signing period begins at 4:00 PM EST
March 12—After all 2024 contracts expire at 4:00 PM EST, the trading period for 2025 begins
March 12—Clubs will get a personnel notice that includes all transactions submitted to the league office following the end of the first day of the 2025 league year at 11:59:59 PM EST
March 30-April 2—Annual League Meeting at the Breakers in Palm Beach, Florida
March 31—Deadline for clubs to meet 2025 funding requirements for guaranteed or deferred compensation in NFL players contracts (and for non-player club employee contracts)
April, 2025
April 7—New coaches hired at the end of the 2024 regular season can begin offseason workout programs
April 16—Deadline for clubs to test, interview, visit, time, or conduct a physical examination with draft-eligible players at a club facility
April 18—Deadline for restricted free agents to sign offer sheets
April 21—Returning coaches can begin offseason workout programs
April 23—Deadline for clubs to exercise the Right of First Refusal to restricted free agents who signed offer sheets
April 23—Deadline for clubs to test, interview, visit, time, or conduct a physical examination with draft-eligible players at any location
April 24-26—Annual Selection Meeting and the NFL Draft in Green Bay, Wisconsin
May, 2025
May 1—Deadline for clubs to exercise Fifth-Year Option for players picked in the first round of the 2022 Draft
May 2-5 or 9-12 (Tentative)— Clubs can hold minicamps for three-day post-Draft rookies on one of the two following weekends after the Draft (Friday through Sunday or Saturday through Monday)
May 12—Rookie Football Development Programs begin
May 20-21—Spring League Meeting/Coach Accelerator at the Omni Viking Lakes Hotel in Minneapolis, Minnesota
Teams to Watch
When it comes to looking out for the top teams this season, there are several criteria that you’ll need to keep in mind:
- Last Season’s Performance: While it’s not always a clear indicator of things for the upcoming season (mainly due to offseason moves), the team’s prior season performance gives bettors a clear idea of where they currently stand going into the year. Bettors already understand the pros and cons of the team and whether they built up momentum through the last season or lost steam. Bettors can make predictions on the team’s future trajectory using prior performance as the basic framework and any offseason moves to color their predictions.
- Offseason Moves: Between the Super Bowl and the beginning of a new season, teams can retain or trade current players on their rosters, or they can accept and sign new players from other teams or the CFL. A bad trade could cost teams a strong performance for the upcoming season, while a good trade could be just what a team needs to perfect its current lineup.
- Coaching Staff: Keep on eye on who is coaching the team is important because coaches and team management are responsible for developing the overall game plan and strategy for their team. Coaches’ duties include personnel decisions, play calling, adjustments through the game, and setting the tone for the team’s discipline, energy, and mentality. Teams with better coaches tend to perform stronger throughout the season.
As we dive deeper into this guide, we’ll give you our playoff and Super Bowl 59 predictions, and the dark horse candidates will make a deep run into the season. We suggest you look into these three factors for any team you’re placing bets on to get a rough idea of how they’ll perform in the coming season.
Top NFL Teams to Watch
There are five big teams to keep your eye on this NFL season—we’ll give you all the key details you need to know about these teams to make the best NFL bets you possibly can. Get a prior season recap, a rundown of offseason moves, and some predictions for the coming season. You can also find out the primary strengths and weaknesses of each time and some suggestions on which players will do well this year.
Team 1—Kansas City Chiefs
Last Season Recap
The most significant event for the Chiefs’ prior season was making it to Super Bowl 58 and winning against the 49ers in overtime (25-22). Here are a few other notable achievements the Chiefs attained in 2023:
- Kansas City finished the season with a record of 11-6
- The Chiefs became the division champions for the eighth consecutive season
- This was the least successful season for the Chiefs under quarterback Patrick Mahomes
- They scored 39 touchdowns during the regular season
- Yards Statistics: Mahomes (4,183 passing years), Pacheco (935 rushing yards), and Kelce (984 receiving yards)
Offseason Moves
The Chiefs’ off-season moves have been seen as largely positive, including a few contract extensions, a few re-signings, and drafting key offensive players for the 2024 campaign:
- Extending Chris Jones: Perhaps the biggest and best offseason move was the Chiefs giving a long-term extension to Chris Jones. Because of his powerful play during key moments of big games, he’ll play a critical role in the future of Kansas City’s defense. Not only is he one of the best defensive tackles on the Chiefs’ roster, but he continues to improve as a pass rusher.
- Extending Creed Humphrey: The Chiefs decided to extend Creed Humphrey right before their final preseason game, the timing of which was perfect. As one of the best, younger centers out there (and beginning the final year of his rookie deal), Humphrey is a terrific blocker and a great leader for KC’s offensive line, which will give the Chiefs increased confidence in this season’s performance.
- Re-Signing Mike Danna: The Chiefs re-signed this Defensive End, and many consider him to be one of the most hardworking, underrated players on the team. The Chiefs have been known to execute many different, interesting blitzes due to Danna’s physicality, versatility, and unique set of pass rush hand counter moves. The choice to re-sign him is seen by many as a long time coming and well worth it for a strong 2024 push.
- Re-Signing Drue Tranquill: Tranquill has become a prime part of the Chiefs’ defense despite only playing with them for one year, coming from the rival Chargers. Re-signing him was wholly expected due to his versatility and innovative, physical approach to the game. As one of the best defenders for the Chiefs, Tranquill possesses a strong ability as a blitzer, which will play a key role in KC’s defensive plan for 2024.
- Drafting Xavier Worthy: Clinching Worthy this year might prove an excellent move for Kansas City’s offensive game. He’s predicted to open up opportunities for pass catchers and execute offensive attacks on the competition using horizontal stretch routes.
Strengths & Weaknesses
- Kansas City Chiefs RBs were targeted 8 times in the red zone in the last 4 weeks of the regular season — most in the NFL
- The Chiefs were 1-2 (.333) against the spread (-4.1% ROI) vs top 10 defenses last season — T-3rd-worst in NFL; League Avg: .539
- The Chiefs are 6-2 (.750) against the spread (54.5% ROI) after a loss since the 2022 season — T-2nd-best in NFL; League Avg: .503
- The Chiefs were 8-4 (.667) when rushing less than 25 times last season — best in NFL; League Avg: .281
- The Chiefs were undefeated (3-0) when allowing less than 100 rushing yards last season — T-best in NFL; League Avg: .664
Key Players to Watch
XAVIER WORTHY FIRST TD OF HIS CAREER!! ⚡️
(via @Chiefs)pic.twitter.com/85zBZLwQaq
— SportsCenter (@SportsCenter) September 6, 2024
Since Tyreek Hill was traded to the Dolphins two years ago, Kansas City has been short in the offense department—they’ve been missing a fast wide receiver with good receiving ability. This is why Xavier Worth has a vital role to play for Kansas City, and he’ll prove to be a dynamic asset to the team’s overall offensive play. At the NFL Combine, he ran a 4.21-second 40-yard dash ( a record for that event) and caught over 50 passes for over 600 yards during his time with the Texas Longhorns. During the preseason, he caught 3 passes for 62 yards.
Predicted Season Performance
According to the odds posted at our favorite online sports betting apps, Kansas City is the favorite to win Super Bowl 59. We predict that the Chiefs will be the conference winner, just as they were in 2023.
Super Bowl Future Odds
Sportbook | Odds |
---|---|
DraftKings | +475 |
FanDuel | +500 |
Caesars | +575 |
BetRivers | +500 |
BetMGM | +450 |
Team 2—San Francisco 49ers
Last Season Recap
The 49er’s biggest accomplishment in the 2023 season was making it to Super Bowl 58, where they lost to the Kansas City Chiefs in overtime (25–22). In addition to clinching a spot at the Big Game, the 49ers accomplished quite a bit in their notable 2023 season:
- The team scored 491 in the 2023 season (the second most in the franchise’s history and the third most in their league)
- The 49ers were ranked eighth in the league in defense
- Notable victories included beating the Dallas Cowboys in Week 5 (42-10), bearing the Tampa Bay Buccaneers in Week 11 (27-14), and beating the Seattle Seahawks in Week 12 (31-13)
- Christian McCaffrey had the most rushing yards: 1,459
- Brandon Aiyuk had the most receiving yards: 1,342
Offseason Moves
- Losing Arik Armstead: This defensive tackle left the 49ers when a deal couldn’t be agreed upon with his contract restructure. He signed a three-year deal with the Jacksonville Jaguars.
- Signing Jordan Elliot: The 49ers signed Elliot to a two-year deal to address the loss of Arik Armstead.
- Signing Leonard Floyd: The 49ers signed this defensive end to a two-year contract, and he completed a goal that the team has had for some time now: to fortify the defensive line opposite Nick Bosa.
Strengths & Weaknesses
- The 49ers averaged 9.3 yards per attempt (4,571 yards/490 attempts) last season — best in NFL; League Avg: 7.0
- The 49ers are 7-4 (.636) against the spread (20.9% ROI) vs bottom 10 run defenses since the 2022 season — 5th-best in NFL; League Avg: .479
- The 49ers are 8-4 (.667) against the spread (35.1% ROI) vs bottom 10 pass defenses since the 2022 season — T-6th-best in NFL; League Avg: .503
- The 49ers were winless (0-5) when scoring less than 22 points last season — T-worst in NFL; League Avg: .253
- The 49ers were 9-3 (.750) after a win last season — best in NFL; League Avg: .496
Key Players to Watch
Robert Beal Jr recovers the fumble!
— OurSF49ers (@OurSf49ers) August 24, 2024
- Dee Winters (Linebacker)—Many are noting that Winters has developed into a noticeable presence during training camp on the second level as he’s worked primarily with the second team. He even beat Christian McCaffrey in one-on-one coverage drills, kicking the ball away. Though he’s only in his second year, many say he will develop into an excellent blitzer who can perform competitively with plays that stretch the perimeter.
- Cody Schrader (Running Back)—Following a competitive college career at Missouri, Schrader is now a determined running back for the 49ers, who earned the SEC rushing title in 2023. Position coach Bobby Turner has high hopes for his success in an actual game and sees him as a possible leading charge and example for all running backs on the team due to his tenacity.
- Robert Beal Jr. (Edge Rusher)—This edge rusher is working toward earning a spot in the team’s fourth and final defensive end. He is perhaps best known for logging a 4.48-second 40-yard dash before entering the NFL, only weighing 247 lbs.
Predicted Season Performance
We expect great things from the 49ers this season, and most of it is due to their competitive roster. We see a few records being set this year and the possibility that the 49ers win a Super Bowl ring!
- The 49ers will make the playoffs and secure a spot at Super Bowl 59
- The NFL MVP Award will go to QB Brock Purdy
- The team will incept at least 25 passes
- Brandon Aiyuk will lead the NFL in receiving yards
Currently, the 49ers are the second-most likely team to win Super Bowl 59, but this is the year they will reign victorious in a rematch against the Chiefs (or whomever the other team might be).
Super Bowl Future Odds
Sportbook | Odds |
---|---|
DraftKings | +550 |
FanDuel | +550 |
Caesars | +625 |
BetRivers | +500 |
BetMGM | +550 |
Team 3—Baltimore Ravens
Last Season Recap
The biggest feat for the Ravens in 2023 was winning the AFC North and clinching the No. 1 seed for the second time in franchise history, the last time occurring in 2019. Other notable accomplishments during the prior season include the following:
- Finished the season with a record of 13-4
- Won the Divisional Playoffs (1st place in the AFC North)
- They had 10 wins over a team that finished with winning records
- Defense led the league in points per game, sacks, and takeaways
- QB Lamar Jackson won the season’s NFL MVP award
- Defeated the Houston Texans 34-10 in the Divisional Round of the playoffs
- The Ravens held a 24-game winning streak in the preseason, which was broken when they lost to the Washington Commanders in the second week
Offseason Moves
- Signing Tyler Huntley: Signing this QB after the Browns cut him couldn’t have happened at a better time. Lamar Jackson couldn’t be happier with the situation because a backup quarterback was needed to fill the vacancy Huntley originally left behind, funny enough.
- Drafting Nate Wiggins: This cornerback from Clemson has already shown ability and speed in the offseason, which is consistent with his career at Clemson, which will prove him to be a reliable asset right away when the season begins. He’s the 30th overall pick for the 2024 NFL Draft and looks to be a promising addition to the Ravens in his rookie season.
- Signing Derrick Henry: Getting Henry is a huge win for the Ravens, who already hold the record for rushing yards, and the 1,000 yards he’s rushed in five of his last six seasons will help to keep Raven’s momentum going in this department.
Strengths & Weaknesses
- The Ravens were undefeated (5-0) vs top 10 offenses last season — best in NFL; League Avg: .359
- The Ravens are 9-1 (.900) against the spread (69.6% ROI) vs top 10 run defenses since the 2022 season — best in NFL; League Avg: .486
- The Ravens were undefeated (5-0) against the spread (88.9% ROI) vs top 10 pass offenses last season — T-best in NFL; League Avg: .445
- The Ravens were undefeated (5-0) vs top 10 offenses last season — best in NFL; League Avg: .359
- The Ravens were undefeated (5-0) vs top 10 run offenses last season — best in NFL; League Avg: .424.
Key Players to Watch
TOUCHDOWN @ZayFlowers!!!
There's something special starting here!! 😈
Tune in on ESPN and @wbaltv11. pic.twitter.com/9NcRMIyg4k
— Baltimore Ravens (@Ravens) August 22, 2023
- Lamar Jackson was a near-unanimous MVP for his regular-season work in 2023. He has also had several of the highest-graded seasons for a Ravens quarterback in the past few years.
- Zay Flowers is the first wide receiver listed on the Ravens’ depth chart, so he’s a name to look out for this season. Rashod Bateman is listed second and might be a key player for the Ravens in the coming months.
- Keep an eye on Isaiah Likely, one of the more tenacious, workhorse tight ends at the end of the last season.
- Derrick Henry is a top rusher for the Ravens and is well-known for his physicality and competitiveness. He will undoubtedly be a top contributor for the team this season.
Predicted Season Performance
- Derrick Henry will take the rushing title back from Christian McCaffrey
- The Ravens defense will lead the NFL in sacks once more
- Isaiah Likely and Mark Andrews will make the best tight-end duo in the league for the 2024 season
- Rashod Bateman will get his first 1,000-yard season
The Ravens also have an outside chance of making it to the Super Bowl in February 2025. The major sports betting platforms have them just behind the Chiefs and the 49ers as contenders making it to the Big Game.
Super Bowl Future Odds
Sportbook | Odds |
---|---|
DraftKings | +1200 |
FanDuel | +1200 |
Caesars | +900 |
BetRivers | +1200 |
BetMGM | +1200 |
Team 4—Philadelphia Eagles
Last Season Recap
Many consider the Eagles’ late-season collapse in 2023 to be one of the most shocking in NFL history. It resulted in the firings of both the offensive and defensive coordinators and two retirements (Jason Kelce and Fletcher Cox).
- They ended with a record of 11-6, falling short of the prior season, where they finished with a record of 14-3
- Placed 2nd in the NFC East
- The Eagles’ defense was ranked 26 out of 32 for the entire season
- 8/11 victories fell within one score
- Eliminated in the wild card round by Tampa Bay in a 32-9 loss
Offseason Moves
- Drafting Quinyon Mitchell: Mitchell can begin immediately and be considered the best defensive player in the draft class. He was a key get for addressing the Eagles’ desperate need for a cornerback.
- Drafting Cooper DeJean: Getting DeJean goes a long way to filling the gap left behind by the retirements of both Jason Kelce and Fletcher Cox. DeJean can contribute significantly to defenses and as a returner.
- Signing Saquon Barkley: A replacement for D’Andre Swift, who signed with the Bears, Barkley is a running back that the Eagles might view as a unique player due to their history of not investing heavily in running backs.
Strengths & Weaknesses
- The Eagles are undefeated (11-0) when tied at the end of quarter 1 since the 2022 season — best in NFL; League Avg: .500
- The Eagles are 7-13 (.350) against the spread (-23.9% ROI) when playing in cold weather since the 2022 season — 4th-worst in NFL; League Avg: .500
- The Eagles are 5-3 (.625) against the spread (32.3% ROI) vs top 10 pass offenses since the 2022 season — T-5th-best in NFL; League Avg: .470
- The Eagles were 7-2 (.778) when intercepting at least 1 pass last season — 5th-best in NFL; League Avg: .629
- The Eagles were 6-2 (.750) at home last season — T-5th-best in NFL; League Avg: .558
Key Players to Watch
Saquon Freaking Barkley#FlyEaglesFly pic.twitter.com/ZdXg8tLqB0
— Philadelphia Eagles (@Eagles) September 7, 2024
Quinton Mitchell, Cooper DeJean, and Saquon Barkley are all critical in keeping the Eagles strong this season, following a string of devastating losses at the end of the 2023 season. A severely lacking cornerback spot has been filled, and the Eagles’ intentionality in investing in their running backs could pay off in dividends as they look to remain competitive once this season starts.
Predicted Season Performance
- Philly will make the playoffs, but they might get off to a slow start this season
- This could be a rebuilding season for the Eagle with new offensive coordinator Kellen Mooer and Cam Jurgens and Jordan Davis replacing Kelce and Cox, respectively
Super Bowl Future Odds
Sportbook | Odds |
---|---|
DraftKings | +1000 |
FanDuel | +1100 |
Caesars | +900 |
BetRivers | +1100 |
BetMGM | +1100 |
Team 5—Detroit Lions
Last Season Recap
- The Lions finished the 2023 season on a record of 12-5, an improvement over the prior season’s record of 9-8
- A win over the Broncos in Week 15 gave them their first 10-win season since 2014
- Their 2023 record tied a franchise record for wins
- Their 2023 record ended in a three-way tie with the 49ers and the Cowboys for the best record in the NFC
- Detroit’s winning percentage of .706 was their best since 1991
- A win over the Bears in Week 11 had the Lions record sitting at 8-2, the first time since 1962
- A win over the Vikings in Week 16 has the Lions winning their first division title since 1993
- The Lions had their first playoff appearance since 2016
- Detroit defeated the Buccaneers 31-23 to advance to the NFC Championship for the first time since 1991
- They yielded a 24-7 lead and lost the NFC Championship Game to the 49ers (34-31)
Offseason Moves
- Returning Offensive Coordinator: Ben Johnson returned for a third season as offensive coordinator with the Lions despite interviewing with Los Angeles, Washington, Atlanta, and Tennessee. He was a finalist for AP Assistant Coach of the Year after guiding Detroit to an amazing season. The Lions came in second for passing, third for total offense, and fifth for points per game and rushing.
- Returning Defensive Coordinator: Aaron Glenn also interviewed but ultimately returned to Detroit to serve as the defensive coordinator. Detroit’s defense currently ranks second against the run and sixth in total QB pressures.
- Re-Signing Penei Sewell: This correct tackle was Brad Holmes’ first draft pick, No. 7 overall, after he began as general manager in 2021. He’s become an integral part of the team over the past few seasons, and retaining him with the Lions helps the franchise stay laser-focused on making the playoffs once more and, hopefully, Super Bowl 59.
- Re-Signing Amon-Ra St. Brown: This wide receiver was selected in the fourth round of the 2021 draft after 16 receivers went before him, but he’s since become a core player on the Lions’ roster, which could lead them to the Big Game this season.
- Re-Signing Jared Goff: This QB was traded to the Lions from the Rams for Matthew Stafford and draft picks, but he’s been another valuable addition to the franchise that embodies everything they want to be about on and off the field.
Strengths & Weaknesses
- Detroit Lions RBs rushed for 7 TDs in the red zone in the last 4 weeks of the regular season — most in NFL
- The Lions were undefeated (5-0) against the spread (89.8% ROI) after a loss last season — T-best in NFL; League Avg: .506
- The Lions are 23-10 (.697) against the spread (32.6% ROI) since the 2022 season — best in NFL; League Avg: .500
- The Lions were undefeated (3-0) vs the bottom ten offenses last season — T-best in NFL; League Avg: .624
- The Lions were undefeated (9-0) when leading at the end of the first quarter last season — T-best in NFL; League Avg: .737
Key Players to Watch
Let's gooooo @amonra_stbrown 💪
— Detroit Lions (@Lions) April 25, 2024
Right tackle Penei Sewell, wide receiver Amon-Ra St. Brown, and quarterback Jared Goff are the dynamic trio that has really become the face of the Lions and are the ones who have been primarily responsible for improving each season’s record. A few other notable Lions members to keep an eye on include the following:
- Hendon Hooker: He’s trying to prove he has what it takes to become the No. 2 quarterback for the team.
- Giovanni Manu: He’s a rookie offensive tackle who’s in no danger of being cut but still needs some improvement in speed and tackling.
Predicted Season Performance
Some sportsbooks have the Lions as the fifth likeliest team to make it to Super Bowl 59, which would be a terrific feat if they could pull it off, considering where this team has come from. It’s only been until quite recently that NFL fans have taken notice of the franchise. While it could be an excellent story for the season, here are a few more realistic predictions for the Lions in 2024:
- Amon-Ra St. Brown finished in second place for the Offensive Player of the Year
- Hendon Hooker gets to start in several games
- The Lions make the playoffs again this season
- Jahmyr Gibbs will touch the 2,000 mark for all-purpose yards
- Aidan Hutchinson gets over 15 sacks
Super Bowl Future Odds
Sportbook | Odds |
---|---|
DraftKings | +1000 |
FanDuel | +1100 |
Caesars | +900 |
BetRivers | +1100 |
BetMGM | +1000 |
Betting Tips for the NFL Season
The NFL season is a big time of the year for avid sports bettors and punters, so it’s only natural that you can place bets on the 32 participating teams and individual players in several ways. We’ll highlight the best general betting strategies out there that can lead to competitive NFL betting sessions over the season.
Understanding the Betting Market
To bet on the NFL successfully, you need a basic understanding of the betting market. Three primary bet types offer bettors and punters the best chance at winning a payout, plus there are odds posted for each that bettors need to become familiar with reading. We’ll cover these topics below to familiarize you with how it works.
Popular Bet Types
In all three of these bet types, bettors stand a 50/50 chance of getting their predictions right because there are only two possible outcomes. This makes them the best type of NFL bets, though there are other kinds, like futures and parlays. We suggest that newer bettors avoid those as there are multiple outcomes, making them harder to predict.
- Moneylines: These are bets placed on the winner of an NFL game. There are two outcomes: one team wins, and one team loses. Betting on the winner results in a payout (profit plus the original stake), and betting on the loser results in a loss.
- Point Spreads: These are bets where you’re trying to predict the margin of victory. Winning bets are on favorite or underdog teams who cover the spread or when an underdog team wins outright over the favorite.
- Totals: The bookmakers put out their prediction on the game’s final combined score, and bettors must stake money on the final combined score coming in over or under this number.
How Odds Work
NFL odds are the likelihood of teams or individual players winning the upcoming game or covering the point spread. There’s also totals betting, where bettors can stake on the final combined score coming in over or under the bookmaker’s predictions.
Let’s look at an example of a game between the Chiefs and the 49ers to give you an idea of how these odds will look and what they mean.
Team | Moneyline | Point Spread | Total |
---|---|---|---|
Chiefs | -135 | -2.5 (-110) | Over 30.5 (-110) |
49ers | +115 | +2.5 (-110) | Under 30.5 (-110) |
- Moneyline Odds: These odds show the likelihood of both teams winning the game. The Chiefs are the favorite to win because they have the negative number (-135), while the 49ers are the underdog due to the positive number (+115). They are betting on the favorite, meaning you must bet the amount shown in the odds: $135. If you’re right and the Chiefs win, you make $100 in profit for a total payout of $235 when you get your original $135 stake back. Betting on the 49ers means you must put up $100, but you will win $115 if you’re right for a total payout of $215.
- Point Spread: With money line bets, you’re staking money on the winner of the game, but point spread bets involve getting the margin of victory correct. In this case, a bet on the Chiefs to cover the spread (-2.5/-110) means you’ll only win if they win by 3 or more points over the 49ers. For those betting on San Francisco, there are two scenarios where their bet is a win: the 49ers win outright over the Chiefs, or they lose by 2 points or less.
- Totals: These are called over/under bets because bettors have the choice of betting over or under the bookmaker’s predictions on the final combined score of the game. In this case, the books predict a final combined score of 30, so bettors can bet on a game with less than 30 combined points or a game with more than 30 combined points.
General Betting Strategies
While there are ways to tailor your betting strategy to fit the specific team you’re staking money on, there are several general betting strategies that universally fit most bets. Discover how value betting, responsibly managing your bankroll, and placing effective live bets can help you improve your odds of making a tidy profit.
Value Betting
Online sportsbooks and bookmakers want even action on either side of a bet. If one side of a bet isn’t bet on as heavily as the other side, the books will attempt to balance the action by offering a discount on the underrepresented side. You can get these odds for a better price as a result.
Value betting occurs when you place a bet where you feel the odds of an event happening are greater than the odds the book offers you.
Because the book will change the odds to even out the action on either side of the bet, you’ll find discrepancies in the numbers because they no longer reflect the actual likelihood of either outcome. Ideally, you want to make the correct bet, but do so while getting a discount on the odds!
Bankroll Management
Solid online bankroll management is a significant factor in successfully betting on the NFL. Control over your gambling funds is the key to maximizing your profits and minimizing your potential losses.
- Have Money and Time Limits: Set aside an amount of money you can afford to lose for your NFL bets. Don’t go over your allotment. Also, place limits on the time you spend in each sports betting session. Limiting your time and money can minimize potential losses over time.
- Use Conservative Betting Units: Never stake more than 1-2% of your total bankroll on any bet. You risk burning through your bankroll quickly if your predictions are way off. Scale the size of your betting unit up or down depending on the current state of your bankroll.
- Never Chase Losses: While there are ways to recoup gambling losses, they can only really be successfully executed if you have deep pockets. If you’re an average sports bettor, it’s best to step away from a session if you suffer a string of losses. Chasing losses will only result in you digging yourself deeper into a hole.
- Diversify Your Bets: You’re most likely to win bets where you’re betting on the final outcome (moneyline bets), the margin of victory (point spreads), or the final combined score (over/under totals) because these bets have two primary outcomes, offering you the best chance of getting them right. The best NFL bettors embrace various bet types on several teams or players for maximum profit.
Live Betting Tips
To make the most out of live betting opportunities during games, begin implementing these best practices during your online betting sessions. They can make all the difference between successfully raking in money on live bets or falling flat on your face.
- Use Virtual Scoreboards: Many bookmakers and online betting apps have a virtual scoreboard that lets you keep track of the current score if you aren’t watching the game via live stream. This allows you to get the real-time data you need to make timely betting decisions on the current game without waiting for online or radio commentary to roll out.
- Live Stream the Event: The perfect companion to live betting is live streaming the game you’re staking money on. Along with getting real-time data through the virtual scoreboards, you can watch the game to pick up on significant developments that might play a key role in your next bet decision.
- Get Better Odds with Live Moneyline Bets: Live bettors can get more competitive odds during live games because the money lines move sharply as the event begins. The odds are much better than if you did a pre-match money line.
- Know the Sport You’re Betting On: If you’re familiar with the NFL and how to bet on the sport, you’ll likely make quick decisions in a live betting atmosphere. One of the best live betting tips many people don’t consider is going with a sport they know. Knowing the ins and outs of each team’s recent performance, the condition of the players, and any building momentum throughout the season makes the process of live betting that much easier.
Potential Upset Teams
It happens every year—teams slated to lose a game outperform expectations and eke out a win that has the public betting a ton of money and those with the foresight to see the upset raking in a hefty little payout. Let’s talk about the dark horse candidates we expect to arise this season and how you can bet on these upset opportunities.
Dark Horse Candidates
If you’re wondering which teams could outperform expectations in the 2024 season, we’ve got you covered—here are our top dark horse candidates that we expect will be highly competitive and do some damage this year.
Los Angeles Rams: Head coach Sean McVay remains one of the top coaches in the NFL, and we wouldn’t be surprised if the Rams made another run at the Super Bowl this season. Although they weren’t as competitive as they were in 2022, the Rams still looked good and appeared strong last season, making it to the postseason.
Atlanta Falcons: With Arthur Smith replaced by Raheem Morris as head coach, Atlanta could turn things around this coming season despite not making the playoffs last year. While the team’s defensive lineup is strong, the Falcons would only need a solid quarterback to build the momentum they’d need to make the playoffs and possibly go to the Big Game.
Green Bay Packers: Last year, the Packers outplayed the 49ers in the NFC Divisional Round, which seems like a good sign of things to come in 2024. The keys to Green Bay’s success would lie in quarterback Jordan Love’s continued performance and new defensive coordinator Jeff Hafley’s building up the team’s defensive strategy for the upcoming season.
Los Angeles Chargers: Now that the Chargers have a good coach and Jim Harbaugh as the face of the team, they’ll finally get the turnaround they need to go deep into the 2024 season. The pair of Harbaugh and Justin Herbert should have fans excited about the idea of a competitive year ahead.
Betting on Upsets
You can effectively spot potential upset teams this coming season in a few ways. As long as you’re knowledgeable about the NFL and the teams you’re interested in betting on, picking out these upset opportunities becomes like second nature.
Do Your Research Ahead of Time
While letting emotions or hunches inform some of your NFL betting decisions is not wrong, it’s best to root your bets primarily in research and statistics while allowing some room for hunches, too. You can do this by checking the difficulty of each team’s schedule, the weather for the day they’re playing, and the player roster to see if any injuries could affect the game’s outcome. Look at each team’s previous performance. If it’s a situation where one team has lost their last three games, and the other has won the previous three, you get a good idea of where the momentum is going.
Look Outside of Money Lines for Upsets
While you can make some money by correctly predicting the winner of the game, it’s important to diversify your bets and stake some money on point spreads or total bets, too. For instance, most experienced NFL bettors know that games in inclement conditions are generally lower-scoring games. Enter a total bet—you could bet the under on the upcoming game where snow is expected.
Two Teams with Good Defense
An excellent upsetting opportunity is when you have two teams that are strong defensively but lack the offensive grit needed to score many points. These games generally have lower scoring, and the final outcome is determined only by a few points. These are some of the best games where you can bet the dog and get a good payout when they eke out a win over the favored team.
Know When the Books Move the Line to Balance Action
After researching both teams involved in the bet, you should have a good statistical idea of how likely each team is to win. But you’ll get situations where the odds posted by the book don’t truly reflect the actual probability because they’ll move the line to balance out the action on both sides. If you know which team will pull off the upset and you can get a discount on the odds, you can increase your profit margin significantly!
Many online sportsbooks have released Super Bowl 59 odds for the 2024 NFL betting season. We paired a wide range of odds with our own research to create some playoff and Super Bowl predictions for this coming year. We’ve pinpointed the fourteen teams to clinch a spot in the AFC or NFC conferences, and we have the two teams we feel will make it to the Big Game, along with a wildcard pick.
Predictions for the Playoffs and Super Bowl
Playoff Contenders
There are fourteen playoff spots: seven for the AFC and seven for the NFC. You have four division champions for each conference and three wildcard picks. These are our official predictions for the playoff:
AFC
- AFC West Champions—Kansas City Chiefs
- AFC North Champions—Baltimore Ravens
- AFC South Champions—Houston Texans
- AFC East Champions—Miami Dolphins
- Wild Cards—Cincinnati Bengals, Cleveland Browns, New York Jets
NFC
- NFC West Champions—San Francisco 49ers
- NFC North Champions—Detroit Lions
- NFC South Champions—Atlanta Falcons
- NFC East Champions—Dallas Cowboys
- Wild Cards—Los Angeles Chargers, Los Angeles Rams, Green Bay Packers
Super Bowl Predictions
Another rematch between the Kansas City Chiefs and the San Francisco 49ers is imminent for Super Bowl 59. The Baltimore Ravens also appear to have a good shot at making the Big Game. An aspect of early betting on the Super Bowl to be aware of is that teams with more volatility in their odds can have better closing line value. It’s best to place these futures bets toward the beginning of the season.
If you’re betting on Super Bowl 59, it’s best to bet as early as possible to lock in a bigger potential profit. That money is worth more now than the same sum in the future because of the earning potential between now and February, when the bets will be graded. A successful way to bet on the Super Bowl and not have your personal money tied up for months on end is to use bonus bets you have earned from other sports bets. It ensures you keep funds in your account for a couple of months!
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Keep a close eye on the Chiefs, 49ers, Ravens, Eagles, and Lions this season—we expect these five to be the most competitive entities on the field. Your best bet is to focus on the three significant bet types this year (money lines, point spreads, and over/under totals) because you have a 50/50 chance of your predictions being correct. Do good research on the teams and players—incorporate current statistics, recent performances, injuries, weather conditions, and public sentiment into your bets and predictions for the best results.
We’d encourage any of our readers to share their personal predictions or betting strategies in the comments below. We’re interested to hear how people envision this NFL season shaking out! Subscribe to the blog to stay updated with the latest NFL news and betting tips.
The 6 Best Casinos for People Who Don’t Like Gambling
What if we told you that you could go to a casino and have an amazing time without ever gambling? You’d think we were pulling your leg like the lever on a slot machine, right? But we aren’t lying! Some of the most fab casinos in the world are also amazing entertainment destinations for those who aren’t into gambling whatsoever. If you’re not a betting person and just want to indulge in gourmet food, high-end spas, or a live show, there are luxury casinos for that!
Not long ago, a casino trip meant either gambling or, well, gambling—those were your options. But the casinos of today are sprawling entertainment complexes that have so much more than gambling. In fact, you probably will forget you’re even at a casino.
For those of you non-gamblers who are looking for a five-star vacay, we are gonna tell you all about the casinos that have everything—you can totally skip the gambling without skipping the fun. You’ll have Michelin-starred meals, massages, first-class shows, and luxury shopping, which is perfect for people who want to be pampered instead of playing poker.
Ready to find out about the six of the best casinos for people who don’t like gambling? Let’s get to it!
Why Visit a Casino if You Don’t Like Gambling?
Going to a casino seems weird if you don’t like gambling, doesn’t it? That was our initial thought! But then we did some investigating and learned that modern casinos have developed way past the old image of rooms packed with slot machines and poker tables. No, modern casinos are entertainment hubs that have a ton of activities on offer that cater to every kind of interest—with zero gambling required.
Casinos as Entertainment Hubs
In the last few decades, casinos have turned into full-blown resorts that are designed to entertain everyone, not just those looking to get lucky. They have the most luxurious accommodations, top-tier dining, world-class entertainment, rejuvenating spas, high-end shopping, and even cultural activities all in the same complex (or at least within walking distance).
Take, for instance, Las Vegas. Of course, it’s famous for its casinos, but it’s also home to some of the best shows, restaurants, and shopping in the world. The Bellagio, which is just one example, isn’t just a place to gamble—it’s an art lover’s dream, with a gallery of fine art, the iconic Fountains of Bellagio, and an exquisitely designed interior that rivals any museum. And The Venetian Macao offers a taste of Venice with its canals and gondoliers, making it a place as much for tourists and sightseers as it is for gamblers!
Casinos in places like Singapore and Macau have taken this concept to another level, creating integrated resorts that bring in tourists from all over the globe, designed with non-gamblers in mind, with everything from fine dining and luxury shopping to exciting performances and cultural exhibitions. The focus is on creating a well-rounded time where gambling is just one of the many things available.
The Appeal of Casino Resorts
So, what exactly is the draw for non-gamblers? First off, relaxation and pampering are top priorities at these resorts. Think of the serene spas, where you can indulge in massages and treatments that melt away the stress. Then there’s the culinary aspect— dining at Michelin-starred restaurants and enjoying dishes crafted by world-renowned chefs. For the shopaholics, there are high-end boutiques, so you can treat yourself to luxury items without ever leaving the resort.
It’s not all about indulgence. Casino resorts also cater to those looking for entertainment and adventure. Catch a Broadway-caliber show, explore an art gallery, or take part in cultural activities—there’s something for everyone! The sheer variety of activities guarantees that without ever stepping onto the gaming floor, you’ll have an amazing time.
The 6 Best Casinos for Non-Gamblers: A Global Tour
Casinos have come a long way from being just places to gamble. Today, some are sprawling resorts that cater to all kinds of interests with luxury spas, incredible dining, high-end shopping, or just soaking up the culture—there’s a casino out there that’s perfect for you. Below, we’ll take a global tour of the six best casinos around the world that are amazing destinations for non-gamblers (and gamblers, too).
1. The Bellagio – Las Vegas, USA
The Bellagio looms large as one of the most iconic resorts on the Las Vegas Strip, embodying elegance and luxury at every turn. Inspired by the picturesque villages of Europe, the Bellagio sets a high standard for sophistication, fusing art, culture, and exceptional service into a single, stunning destination.
Non-Gambling Attractions:
- Bellagio Fountains: The Bellagio’s most famous feature is undoubtedly its mesmerizing fountains. This water show is choreographed to music and lights, with over 1,200 fountains shooting water up to 460 feet into the air. The performances run every 15 to 30 minutes, offering a free spectacle that captures the magic of Las Vegas.
- Fine Dining: The Bellagio is home to some of the most esteemed restaurants in Las Vegas. Picasso, with its French and Spanish cuisine, not only offers incredible food but also surrounds you with original works by Picasso himself. Other notable dining options include LAGO by Julian Serrano and Le Cirque, both of which provide stunning views of the Bellagio Fountains.
- Art Gallery: The Bellagio Gallery of Fine Art is a haven for art lovers, featuring rotating exhibitions from some of the world’s most celebrated artists, including Picasso, Monet, and Warhol. It’s an intimate space that offers a peaceful escape from the hustle and bustle of the Strip.
- Botanical Gardens: The Bellagio’s Conservatory and Botanical Gardens are a must-see for visitors. The garden has the most elaborate displays that change with the seasons, making each visit a totally different experience that is alive with colors and mind-blowing designs.
Entertainment Options:
- Cirque du Soleil’s “O”: One of the top shows in Las Vegas, “O” by Cirque du Soleil is a water-based performance that combines acrobatics, synchronized swimming, and absolutely stunning visuals. The show is both artistic and acrobatically excellent, set against the backdrop of a 1.5 million-gallon pool.
- The Bellagio Spa & Salon: For those looking to relax, the Bellagio Spa has a big range of treatments, from massages to hydrotherapy. The spa is known for its luxurious setting and attention to detail, making it a perfect place to chill out.
- The Pool Deck: Designed like an Italian villa, the Bellagio’s pool area is a serene retreat that has five different pools, lush green gardens, and private cabanas. It’s a great spot to relax and retreat from the desert heat.
- The Bellagio Chocolate Fountain: Located at the Bellagio Patisserie, this 27-foot-tall chocolate fountain is an absolute delight for anyone who has a sweet tooth. Streams of dark, milk, and white chocolate flow down from ceiling height, creating a visually stunning (and delicious) display.
- Shopping at Via Bellagio: The Bellagio is a luxury shopping experience with high-end stores like Chanel, Gucci, and Prada. Even if you’re just browsing, the elegant promenade is a gorgeous setting for window shopping (but bring your wallet in case you want to splurge).
- The Mayfair Supper Club: This venue has a mix of dining and live entertainment. With classic Vegas flair, The Mayfair Supper Club is an entire experience where guests can enjoy live performances alongside their meals, making for an amazing night.
The Bellagio is so much more than just a place to gamble; it’s a destination that caters to those who want luxury, culture, and entertainment, making it the perfect spot for non-gamblers to enjoy all that Vegas has to offer!
2. The Venetian – Macau, China
The Venetian Macao is a luxury resort that brings the charm and grandeur of Venice to China. As the largest casino in the world and one of the biggest hotels in Asia, it’s more than just a gambling destination—it’s a total entertainment hub. The resort is a marvel of architecture, featuring replicas of iconic Venetian landmarks like the Rialto Bridge and St. Mark’s Square. With over 3,000 opulent suites, a sprawling shopping mall, and an array of dining and entertainment options, The Venetian Macao is a wonderful blend of culture, luxury, and leisure.
Non-Gambling Attractions:
- Gondola Rides: A signature experience at The Venetian Macao is the chance to glide through the resort’s indoor canals on an authentic gondola. Serenaded by gondoliers, this ride is a romantic escape that comes pretty close to the charm of Venice, complete with beautifully painted skies overhead.
- Luxury Shopping: The Venetian Macao is home to the Grand Canal Shoppes, a massive shopping mall featuring over 300 stores. Here, you can browse couture brands like Louis Vuitton, Gucci, and Prada, all while walking through streets reminiscent of Italy’s most famous city. Whether you’re buying or window shopping, it’s dripping with elegance.
- Fine Dining: The resort has a ton of dining options, from casual eateries to Michelin-starred restaurants. The most noteworthy is Jiang Nan by Jereme Leung, where you can indulge in authentic flavors of Shanghai, Jiangsu, and Zhejiang, all crafted by a celebrity chef. The Venetian also hosts seasonal culinary events, like the Sands Crab Extravaganza, which showcases gourmet crab dishes across several of its award-winning restaurants.
- Spa and Wellness: The Venetian’s V SPA is the ultimate retreat for relaxation with treatments like traditional Chinese foot reflexology and a host of massages. The spa spans over 1,200 square meters and includes separate male and female vitality lounges, saunas, and steam rooms, providing a super relaxed environment to chill and rejuvenate.
Cultural and Entertainment Options:
- Live Shows and Performances: The Venetian Macao is also a hotspot for world-class entertainment. The Cotai Arena, with a seating capacity of up to 15,000, regularly hosts international concerts, sporting events, and large-scale productions. And the resort’s theaters have a variety of shows, including cultural performances and international hits.
- Streetmosphere Performances: While walking through the resort, you can watch the “Streetmosphere” performances, which include living statues, stilt walkers, and musicians. These acts bring the Venetian-themed environment to life—immersive entertainment for you as you explore the resort.
- teamLab SuperNature Macao: This interactive art installation lets visitors engage with digital art in a three-dimensional space. It’s an experience that combines technology with creativity, providing a novel and immersive way to take in the art within the resort.
The Venetian Macao is more than just a place to stay—it’s a destination where culture, luxury, and entertainment converge, making it an ideal getaway for non-gamblers looking to take advantage of the best of what Macau has to offer!
3. Atlantis Paradise Island – The Bahamas
Atlantis Paradise Island isn’t just a casino; it’s a tropical playground packed with fun for everyone, especially if gambling isn’t your thing. Nestled in the Bahamas, this massive resort has so much to offer that you might actually forget there’s even a casino on site.
Non-Gambling Attractions:
- Aquaventure Water Park: If you love the water, then you are in for a treat. Aquaventure is a sprawling 141-acre water park that’s a water-filled adventure land. You can zoom down water slides, like the Leap of Faith, a 60-foot drop that shoots you through a clear tunnel surrounded by sharks, or take it easy on the lazy river that winds its way through the park. There are 20 swimming areas, so you’ll never run out of places to splash around.
- Marine Habitats: Atlantis is home to an incredible marine experience, with one of the largest open-air aquariums in the world. You’ll find over 50,000 sea creatures swimming around in 14 lagoons. Whether you’re exploring The Dig, a mock underwater archaeological site where you can pretend to discover the lost city of Atlantis, or just marveling at the colorful fish in the Coral Lagoon, there’s always something amazing to see. And don’t miss out on Dolphin Cay, where you can meet dolphins up close or snorkel alongside stingrays.
- Beaches and Pools: If your idea of paradise involves a sandy beach and a good book, bring your Kindle! Atlantis has five miles of gorgeous private beaches where you can snooze to the sound of the waves. Each beach has its own vibe—there are livelier ones and quiet places to relax. The resort also boasts several beautiful pools, some family-friendly and others more secluded, great for those who want a little peace and quiet with their poolside cocktails.
- Golfing and Fitness: For travelers who want to stay active, Atlantis has an 18-hole golf course that’s as beautiful as it is challenging. Designed by Tom Weiskopf, the course has stunning ocean views and meticulously maintained greens. If you want to stay indoors, the fitness center has everything you need to keep up with your workout routine, from cardio machines to yoga classes.
Family-Friendly Activities:
Atlantis is a dream come true for families, with a ton of activities that will keep the kids entertained and give parents a break (um, we mean a chance to relax).
- Kids Clubs and Activities: The resort’s Atlantis Kids Adventures (AKA) club is a paradise for kids, offering all kinds of fun, from pirate-themed parties to cooking lessons. There’s even a teen nightclub at The Coral with pool tables, video games, and a dance floor. Plus, the Kids Concierge is always on hand to help plan the perfect day for your kiddos.
- Aquariums and Marine Encounters: Atlantis makes learning fun with its incredible aquariums and marine habitats. The Dig and Predator Lagoon are must-sees—both are educational and a chance to get up close and personal with amazing sea creatures. And if your kids want to do more than just look, they can do hands-on experiences like swimming with dolphins or feeding sea lions at Dolphin Cay.
- Dolphin and Sea Lion Experiences: Dolphin Cay at Atlantis lets families swim with dolphins, feed sea lions, and even take part in educational programs about marine conservation. Both interactive experiences are designed to be fun and informative, giving kids and adults a chance to connect with some of the ocean’s most charismatic creatures.
Atlantis Paradise Island is a destination that truly has something for everyone. From the excitement of Aquaventure and the wonder of the marine habitats to the tranquility of its beaches and the challenge of its golf course, this resort is a utopian getaway for non-gamblers looking for an unforgettable vacation in the Bahamas!
4. Sun City Resort – South Africa
Sun City Resort in South Africa is a flawless destination that caters to those looking for both adventure and relaxation. Located on the edge of Pilanesberg National Park, this resort has a combination of exciting activities and peaceful getaways, making it a top location for anyone looking to get the best of both worlds.
Non-Gambling Attractions:
- Safari Adventures: Sun City is easily accessible to Pilanesberg National Park, where you can go on guided safari tours and see Africa’s Big Five—lions, elephants, leopards, rhinos, and buffalo—in their natural habitat. It’s an unforgettable experience that brings you close to the world’s most majestic wildlife.
- Golf Courses: If you’re into golf, Sun City has two exceptional courses designed by the legendary Gary Player. The Gary Player Country Club is famous for hosting the annual Nedbank Golf Challenge, while the Lost City Golf Course features breathtaking views and a crocodile-filled (no thank you) water hazard on the 13th hole.
- The Valley of Waves: This water park is a highlight for visitors of every age. The Valley of Waves has a mammoth wave pool that mimics the ocean’s waves and lots of water slides, including the adrenaline-pumping Temple of Courage. The man-made beach, complete with palm trees and soft sand, is a relaxing spot to relax after a day of fun.
- Cultural Experiences: At Sun City, you can immerse yourself in South African culture by attending traditional dance performances and participating in cultural tours. These activities give a fascinating look into the region’s traditions and history!
Adventure Activities:
- Zip-lining and Quad-biking: For those who are jonesing for an adrenaline rush, Sun City is packed with thrilling (or scary, depending on your tolerance) things to do. Zip 2000, one of the world’s longest and fastest zip lines, lets you soar over the grounds at speeds of up to 120 km/h. If you want a land-based adventure, the resort’s quad-biking trails are a rugged and fun way to scope out the area.
- Hiking Trails: The natural beauty surrounding Sun City is best explored on foot, with a variety of hiking trails available. These trails have breathtaking views of the South African bush and are a great way to connect with nature while also getting some exercise.
At Sun City Resort, every day has something new in store! From the excitement of a safari to the relaxation of a beachside retreat, this resort is designed to deliver.
5. The Cosmopolitan – Las Vegas, USA
The Cosmopolitan of Las Vegas is so much more than just a hotel; it’s a sleek and modern resort that brings together style, luxury, and a bubbly atmosphere right at the center of the Strip. Known for its contemporary design and a bevy of attractions, The Cosmopolitan is an ideal place for those looking to get the best of Las Vegas without going to the casino!
Non-Gambling Attractions:
- Chandelier Bar: An exceptional feature of The Cosmopolitan, the Chandelier Bar is as visually impressive as it is popular. This multi-level bar is encased in a sparkling chandelier made of over 2 million crystals. Each level has a different vibe, from the high energy on the ground floor to the more intimate settings above, making it a great place to imbibe a craft cocktail and soak in the surroundings.
- Fine Dining: The Cosmopolitan is home to some of the most celebrated dining spots in Las Vegas. You can enjoy a range of cuisines, from the innovative Spanish dishes at Jaleo by José Andrés to the refined Italian fare at Scarpetta. Other dining highlights include Zuma, a modern Japanese restaurant, and STK, a trendy steakhouse known for its lively atmosphere. With 26 dining options, there’s a restaurant for every palate.
- Art and Architecture: The Cosmopolitan is not just a place to stay; it’s also a destination for art lovers. The hotel’s design seamlessly integrates contemporary art into its architecture, with installations scattered throughout the property. From large-scale murals to interactive digital displays, art is a central part of the experience at The Cosmopolitan.
- Pool Experiences: The Cosmopolitan’s Pool District is a center of activity, with three distinct pools that cater to different moods. The Boulevard Pool, which is on the fourth floor, provides an upbeat atmosphere with great views of the Strip. The Chelsea Pool is a quieter, more relaxed setting, good for those looking to escape the noise and people. For those in the mood to party, the Marquee Dayclub Pool turns up with a big crowd and big-name DJs. Each pool area is a different way to bask in the Las Vegas sun.
Entertainment Options:
- Concerts and Performances: The Cosmopolitan’s entertainment scene is always hopping. The Chelsea, an intimate 40,000-square-foot venue, regularly hosts concerts and performances from a variety of artists. With a more personal setting than some of the larger venues on the Strip, The Chelsea has a closer connection to the performers, making for an engaging night out.
- Marquee Nightclub & Dayclub: Marquee is one of the most popular spots at The Cosmopolitan for those who love the nightlife. The multi-level venue has a nightclub that hosts famous DJs and a day club that brings the party outdoors when the sun is up. With a rooftop patio that overlooks the Strip, Marquee is a go-to for anyone wanting to experience Las Vegas nightlife to the fullest.
- Distinctive Experiences: The Cosmopolitan features some unique venues that set it apart from other resorts. The Barbershop Cuts & Cocktails is a speakeasy that doubles as a functioning barbershop by day and a live music venue by night. Opium, an offbeat show with a space-themed storyline, combines acrobatics, comedy, and more for a one-of-a-kind experience that’s anything but ordinary.
The Cosmopolitan of Las Vegas combines luxury, entertainment, and modern design into a single, dynamic destination. Relax by the pool, explore its art installations, or have a fab night out at one of its venues; The Cosmopolitan has everything you need to live it up in Las Vegas!
6. Crown Towers – Melbourne, Australia
Crown Towers in Melbourne is the epitome of luxury, fusing world-class amenities with an unbeatable location in the heart of the city. Known for its impeccable service and attention to detail, this hotel is part of the larger Crown Melbourne complex, which is famous for its entertainment options. But even if gambling isn’t on your agenda, Crown Towers has plenty to keep you indulged and entertained.
Non-Gambling Attractions:
- Luxury Spa: One of the highlights of staying at Crown Towers is the Crown Spa. This award-winning spa is the ultimate place to decompress and recharge your inner battery. It has a full menu of treatments, including massages, facials, and body therapies, all delivered with the highest level of care and expertise. The spa’s Aqua Retreat is particularly notable, featuring a Turkish bath, vitality pool, and Swiss showers, providing a holistic experience that’s full-on relaxation and rejuvenation.
- Fine Dining: Food lovers are in for a tasty treat at Crown Towers, which is home to some of Melbourne’s best restaurants. You can dine at Dinner by Heston Blumenthal, where the menu takes inspiration from historical British dishes reimagined with a modern take. For a taste of Cantonese cuisine, Silks offers an elegant dining experience with beautifully crafted dishes. If Japanese food is more your style, Koko delivers a serene environment with teppanyaki and beautiful views of a tranquil water garden.
- Shopping: If shopping is on your itinerary, the Crown complex will not disappoint. The hotel has a collection of luxury boutiques where you can find everything from couture fashion to fine jewelry. Whether you’re looking for the latest trends or something timeless, the shopping options at Crown Towers are both exclusive and extensive.
- Arts and Culture: For those who love the arts, Crown Towers is ideally situated! The nearby Crown Theatre regularly hosts a range of performances, including musicals, concerts, and other live events. Additionally, the hotel’s location offers easy access to some of Melbourne’s key cultural institutions, like the National Gallery of Victoria and the State Theatre so that guests can easily engage with the city’s cultural scene.
Exploring Melbourne
Crown Towers is perfectly positioned for exploring everything Melbourne has to offer. Located in the lively Southbank area along the Yarra River, the hotel is just a quick walk from some of the city’s most popular attractions. The Melbourne Aquarium is close by—a fun and educational experience for visitors of all ages. Art lovers can explore nearby galleries that house a mix of contemporary and classic works. The iconic Flinders Street Station and Federation Square are also within walking distance, putting you right in the center of Melbourne’s bustling city life.
Crown Towers isn’t just a hotel; it’s a place where luxury, culture, and convenience come together. It doesn’t matter if you’re in town for a getaway, a special occasion, or just to enjoy the finer things in life; Crown Towers is an experience that’s extraordinary in every way!
Additional Activities at Casino Resorts
Casinos are now full-fledged entertainment and relaxation hubs where you can dine on gourmet fare, pamper yourself silly at the spa, or get your adrenaline pumping; these resorts have everything. What are the fantastic non-gambling activities available at the six best casinos? Look below to find out!
Spa and Wellness
All of our non-gambling casino resorts (sounds weird, we know) are also wellness destinations with state-of-the-art spas where guests can loosen up and relax.
At Crown Towers in Melbourne, the Crown Spa is a prime example of a high-end wellness facility. Known for its award-winning services, the spa has a full menu of treatments, including massages, facials, and body therapies, all designed to melt away stress and rejuvenate the body and soul. The Aqua Retreat, with a Turkish bath, vitality pool, and Swiss showers, is a sanctuary away from the busy city.
Over at The Cosmopolitan in Las Vegas, the Sahra Spa, Salon & Hammam offers a similar escape. This desert-inspired spa is a modern luxury mixed with traditional healing techniques and has a comprehensive menu that includes massages, body scrubs, and facials, as well as a Moroccan hammam scrub. The spa’s serene atmosphere makes it a wonderful place to recover from a night out on the Strip.
Culinary Experiences
Dining at casino resorts can be a highlight of any stay for the foodies, with options ranging from Michelin-starred restaurants to casual eateries.
The Bellagio in Las Vegas is a culinary paradise. Picasso, one of its flagship restaurants, has exquisite French cuisine on the menu in a setting adorned with original works by the legendary artist. The restaurant has earned multiple Michelin stars, making it a must-visit for food lovers. The Bellagio is also home to Le Cirque and LAGO by Julian Serrano, where diners can “mmmmm” their way through Italian and Spanish cuisine with views of the iconic Bellagio Fountains.
Meanwhile, Atlantis Paradise Island in the Bahamas has a culinary scene that shows off its tropical roots. The resort has a lot of dining choices, from the upscale Cafe Martinique, which serves classic French cuisine with a Bahamian twist, to the more relaxed Fish by José Andrés, known and loved for its fresh, local seafood. You can get a taste of the Bahamas in a luxurious setting.
Entertainment Shows and Concerts
Casinos are famous for their entertainment choices, from live shows to concerts that can rival those that happen in major cities.
The Venetian Macao is known for its world-class entertainment, regularly hosting international acts and lavish theater productions. The resort’s Cotai Arena is a premier venue in Asia, where guests can catch concerts, sports events, and theatrical performances. In addition to large-scale events, The Venetian also has more intimate performances in its lounges and bars for a more low-key yet still elegant atmosphere.
Back in Las Vegas, The Cosmopolitan is home to The Chelsea, a performance venue that has become a hotspot for concerts and shows. With its industrial chic design and more intimate setting, The Chelsea is a concert experience where guests can see both big-name and emerging artists up close.
Shopping and Retail Therapy
For those who love to shop, these casinos are all home to luxury stores where you can treat yourself to some retail therapy.
Sun City Resort in South Africa has a shopping experience that’s upscale—the resort’s retail areas have high-end boutiques as well as stores that sell local crafts and souvenirs so guests can take home a piece of South Africa’s culture. If you’re looking for designer clothing or one-of-a-kind art pieces, Sun City has an amazing shopping experience in an exotic setting.
The Bellagio also has excellent luxury shopping options. The Via Bellagio is an elegant shopping promenade featuring some of the world’s most exclusive brands—they have Chanel, Gucci, and Prada. This high-end retail environment gives guests access to the latest fashion and accessories without having to leave the resort!
Adventure and Outdoor Activities
For those who love the great outdoors and are itching for adventures, the casinos we highlighted are all strategically located with a variety of action-packed recreation that will get your heartrate up.
Atlantis Paradise Island is not just luxury and relaxation; it’s also an amusement park for adventure lovers. The resort is home to Aquaventure, a 141-acre water park that has rip-roaring water slides, a mile-long river ride, and multiple swimming pools. Guests can also enjoy snorkeling and scuba diving in the resort’s marine habitats, which are home to over 50,000 sea creatures!
In Sun City Resort, outdoor adventure takes on a different form. Located near Pilanesberg National Park, Sun City, like we mentioned before, has guided safari tours where guests can get a peek at Africa’s Big Five—lions, elephants, leopards, rhinos, and buffalo. The resort also has adrenaline-pumping pastimes like zip-lining, quad biking, and hiking, making it an great destination for those who crave some excitement in a beautiful natural setting.
Tips for Non-Gamblers Visiting Casinos
Not everyone who stays at a casino is there to hit it big—in fact, a lot of people who go are there to partake in everything else they have on offer! If you’re planning a trip to one of the above casinos but aren’t gonna gamble, below are some tips to make sure you have the best time!
Make a Plan
After you’ve booked a trip and before you walk out the door, it’s a good idea to do a little (or a lot) of research. Casinos usually have a ton going on, and knowing what’s available will help you make the most of your visit. Check out the resort’s website or call to find out about any upcoming events, shows, or special activities that might interest you.
For Example:If you’re planning to stay at The Venetian in Macau, you’ll find that they’re probably hosting a big-name concert or a visiting art exhibit during your stay. Planning ahead can help you catch these events and make sure you don’t miss out on something you’d really like!
It’s also smart to familiarize yourself with the layout of the resort—they are massive, and knowing where everything is can save you a lot of time and hassle. If you’re staying at a place like Crown Towers in Melbourne, knowing how to navigate between the spa, restaurants, and local cultural spots means you can make the most of your stay.
Check Out Non-Gambling Packages
Some casinos have packages specifically for people who aren’t interested in gambling. These can include spa days, gourmet dining experiences, or tickets to a show. Packages like these are a great way to take full advantage of the best the resort has to offer without feeling like you’re missing out.
At Atlantis Paradise Island in the Bahamas, you can choose wellness packages that include everything from yoga sessions to exclusive access to serene beach areas. Similarly, The Cosmopolitan in Las Vegas often bundles dining experiences with tickets to their top shows, giving you a taste of the resort’s best offerings.
When you’re booking your stay, don’t forget to ask about these packages! They have excellent value and will make your trip even more fun.
Set a Budget for Fun
Even if you’re not gambling, there are still plenty of ways to spend money at a casino resort, and it’s not hard to get carried away. From dining at world-class restaurants and indulging in spa treatments to shopping at high-end boutiques, the options are endless. That’s why you have to set a budget for your trip (unless you are super rich, then you can forget the budget and go nuts).
Think about what you want to do most. If you’re at The Bellagio in Las Vegas, you may want to budget for a couple of nice dinners, a Cirque du Soleil show, and maybe a spa day. At Sun City Resort in South Africa, you for sure want to set aside money for a safari tour, a round of golf, and a few nice meals.
By deciding how much you’re willing to spend ahead of time, you can enjoy everything the resort has without stressing about your bank account. And don’t forget to leave some wiggle room in your budget for any spontaneous moments—like an unplanned shopping spree or a last-minute decision to take in a show.
Soak Up the Vibes Without Gambling
One of the best things about going to a casino is the atmosphere. Casinos are literally built to be exciting, glamorous, and full of energy, but you don’t have to gamble to enjoy it. Just walking through the casino floor, you can soak up the sights and sounds—the energy and excitement, the stacking of chips, and the “woo-hoos” from the winners.
But there’s so much more to explore beyond the gaming area—casinos are architectural wonders with luxurious interiors, stunning art, and incredible design.
- The Bellagio—it’s famous not just for its casino but for its breathtaking fountain shows and beautiful conservatory, which are attractions in their own right.
- The Chandelier Bar at The Cosmopolitan is another great place to sip a drink and take in the scene without ever sitting down at a blackjack table.
- You can also spend your time people-watching. Casinos bring in a fascinating mix of people, and just observing all of the different characters—whether they’re high rollers at the tables or tourists taking it all in—can be a fun way to pass the time.
A trip to a casino resort can be an amazing experience, even if you have no desire to gamble! If you plan ahead, take advantage of any non-gambling packages, set a budget for your fav things, and just enjoy yourself, you can have a vacation that’s every bit as exciting—maybe more— as any gambler’s.
Conclusion: No Gambling Required for a Fab Vacay
You don’t have to be a gambler to have a sublime time at one of the world’s best casinos. These luxurious casino destinations have so much more on offer than just gaming tables and slot machines!
If you’ve ever hesitated to visit a casino resort because you’re not into gambling, it’s time to reconsider. These resorts offer so much more, providing a complete vacation experience filled with luxury, entertainment, relaxation, and adventure. Whether you’re looking to unwind in a world-class spa, dine at gourmet restaurants, shop at high-end boutiques, or take in a spectacular show, casino resorts have something to offer every traveler. So why not give it a try? You might just find that a casino resort is the perfect destination for your next getaway—no gambling required.
Have you found a hidden gem at a casino resort that doesn’t involve gambling? Maybe you’ve had a meal that you still salivate over, found the perfect place to relax, or saw a show that blew you away. If you’re planning a trip, is there one thing that’s at the very top of your must-do list? We’d love to hear about your fav non-gambling experiences or what you’re looking forward to on your next visit. Tell us your thoughts and plans below!
Early NFL MVP Odds: Who’s Leading the Pack?
The NFL season is starting up again, and with it comes speculation about who will be the MVP. Spoiler alert: One of the favs is someone who has already nabbed the coveted award twice before.
Fans and sports analysts are already chattering about which player will walk away with the MVP trophy, and some of the league’s biggest names are in contention.
The NFL MVP award isn’t just any old trophy; it represents the apex of individual achievement in the league. Since quarterbacks have claimed 16 out of the last 18 MVP awards, it’s obvious that the position is always the most scrutinized and celebrated. Even so, this year’s early odds have a few surprises in store that could make things interesting. Why do early odds even matter? Because they give fans and bettors a sneak preview of who’s getting the most attention—and who just may be worth a long-shot bet.
So, we are going to be dissecting the early MVP odds, analyzing the top contenders, and talking about who’s currently in front. With familiar faces like Patrick Mahomes and up-and-comers like C.J. Stroud, we’ll see who has an edge and what sort of things could influence their chances as the season progresses!
Understanding NFL MVP Odds
NFL MVP odds are more than just numbers on a betting slip—they’re a snapshot of how the season is expected to unfold. These odds capture the ever-changing dynamics of the league, giving fans and bettors a sense of who might rise to the top and claim the title of Most Valuable Player. But what exactly do these odds mean, and why exactly do they matter so much?
What Are MVP Odds?
MVP odds represent the likelihood of a player winning the NFL Most Valuable Player award, as seen through the eyes of football betting apps and oddsmakers. These odds are expressed in a format that tells you how much you might win if you place a bet—if a player has odds of +600, a $100 bet would return $600 if that player wins the MVP.
The calculation of these odds takes into account a a player’s past performance, potential for the upcoming season, and other factors like team strength and even offseason moves. Oddsmakers consider not only the player’s statistics but also the overall team dynamics, injuries, and weather conditions that might affect gameplay.
Players like Patrick Mahomes, who consistently delivers top-tier performances, usually have lower odds, meaning they’re more favored to win. On the other hand, a player who is seen as a dark horse will have higher odds, making them a more lucrative bet if they do pull off an MVP-worthy season.
Importance of Early Odds
Early MVP odds are a pretty big focus for bettors because they present the opportunity to get in on a good thing before the season even starts. As players start performing on the field, their odds will change based on their performance. Early odds give you the chance to place a bet on a player who might not be the favorite now but has the possibility to go up in the ranks as the season goes on.
Bettors pay super close attention to these early odds because they are an indicator of how the season might play out. If a young quarterback has a strong preseason, their odds could improve, giving bettors who placed early wagers a sense of satisfaction if they predicted the advancement correctly. And early odds usually have more favorable payouts because the future is still a complete unknown.
As the season gets underway and continues, the odds will obviously change based on how players are doing on the gridiron. A player who starts out strong but then falters will see their odds lengthen, while someone who seemingly comes out of nowhere and surprises everyone will see their odds shorten. This sort of fluidity is why some bettors like to place their bets early, locking in the favorable odds before they change.
Top Contenders for the 2024 NFL MVP
The 2024 NFL season race for the MVP award is already a hot topic with fans and analysts. Who is being discussed in this year’s lineup features? We have some familiar faces and a few up-and-comers, each with their own strengths and struggles. Below, we break down who the top contenders are and what could make or break their chances of taking home the coveted MVP title!
Patrick Mahomes (Kansas City Chiefs)
Obviously, Patrick Mahomes is at the tippy top, and for good reason!
Current Odds and Recent Performance Highlights
Patrick Mahomes, the Kansas City Chiefs’ superstar quarterback, once again finds himself at the top of the MVP odds, with almost every sportsbook laying him as the favorite at +500. Mahomes is coming off another stellar season where he threw for over 5,250 yards and 41 touchdowns, taking the Chiefs to yet another Super Bowl victory.
Why He’s Considered a Frontrunner
Mahomes has consistently demonstrated his ability to perform under pressure and level up his game in important moments. His uncanny ability to make plays out of seemingly impossible situations, combined with his leadership on the field, makes him a perennial MVP candidate. The connection he has with his head coach, Andy Reid, just adds to his advantage, as the Chiefs continue to be one of the most well-coached and best teams in the league.
Key Factors for His MVP Chances
For Mahomes to secure his third MVP award, staying healthy is important (duh), as will keeping up his chemistry with players like Travis Kelce. The arrival of new receivers could either bolster his stats or create a learning curve that could slow him down early in the season. The Chiefs’ performance as a team will play a big role; a strong season with a top seed in the AFC would really boost his MVP campaign!
Josh Allen (Buffalo Bills)
Coming in second is Josh Allen, the quarterback for the Buffalo Bills.
Current Odds and Performance Trajectory
Josh Allen enters the 2024 season with MVP odds around +900. Allen is known for his incredible arm strength and mobility, traits that have made him one of the most dangerous dual-threat quarterbacks in the league. Last season, Allen accounted for 44 total touchdowns but also led the league in turnovers, which has been a persistent issue throughout his career.
Strengths and Challenges Heading into the Season
Allen’s physical tools are unmatched, and his ability to take over games with both his arm and legs gives him a special edge. But his aggressive playing style, which results in turnovers, is a blessing and a curse. The uncertainty surrounding his top target, Stefon Diggs, makes it more complex with Allen’s MVP chances. If Diggs is not totally engaged or faces injury issues, Allen may struggle to replicate his past success.
Impact on His MVP Candidacy
For Allen to be a serious MVP contender, he’ll need to cut down on turnovers and make sure that the Bills secure one of the top seeds in the AFC. Improving his decision-making in critical situations and maintaining his physical durability will be the main factors. If he manages to lead the Bills into the playoffs, Allen could very well be in the MVP conversation come the season’s end!
For Mahomes to secure his third MVP award, staying healthy is important (duh), as will keeping up his chemistry with players like Travis Kelce. The arrival of new receivers could either bolster his stats or create a learning curve that could slow him down early in the season. The Chiefs’ performance as a team will play a big role; a strong season with a top seed in the AFC would really boost his MVP campaign!
Joe Burrow (Cincinnati Bengals)
Joe Burrow of the Cincinnati Bengals is back in contention after an injury took him out of last season’s MVP race.
Current Odds and Breakout Potential
Joe Burrow’s odds of winning the MVP are at around +1000, putting him in the top tier of candidates. Burrow is known for his poise and precision but was hampered by a wrist injury last season that cut his campaign short. Despite the setbacks, Burrow’s potential to bounce back and lead the Bengals to another strong season is high.
Supporting Cast and MVP Run
Burrow has the backing of one of the most talented supporting casts in the NFL—wide receivers Ja’Marr Chase and Tee Higgins. This formidable duo provides Burrow with the weapons needed to put up big numbers week in and week out. The Bengals’ offensive line, which has been a point of weakness in the past, will need to hold up to give Burrow the time he needs to make plays.
What He Needs to Stay in the MVP Conversation
For Burrow to stay in the MVP race, he’ll need to be injury-free and keep performing at a high level against tough AFC competition. Leading the Bengals to a division title and a playoff run would really improve his MVP chances—if Burrow can sustain his accuracy and keep his interception rate low while racking up wins for the Bengals, he could very well find himself taking home the MVP trophy.
Jalen Hurts (Philadelphia Eagles)
The Iggles’ (it’s a Philly thing) Jalen Hurts is the number five pick for the MVP according to sports chatter.
Current Odds and Dual-Threat Ability
Jalen Hurts is another strong MVP contender with odds around +1400. Hurts had a breakout season last year, showing off his dual-threat capabilities by passing for nearly 4,000 yards and rushing for over 600 yards. His ability to impact the game with both his arm and legs makes him a notable MVP candidate.
How the Eagles’ Success Ties into His MVP Chances
The Eagles’ success is closely linked to Hurts’ MVP campaign. If the Philly Eagles can duplicate their strong performance from last season and secure one of the top seeds in the NFC, Hurts’ chances of winning MVP will increase tenfold. The addition of solid offensive players, like a new running back or wide receiver, could improve his stats!
Consistency and Durability Analysis
Hurts’ ability to be consistent and avoid injuries will be decisive for his MVP hopes. Last season, he dealt with a few minor injuries that impacted his play late in the year. If he can keep up his health and continue to improve his passing accuracy while making good decisions in the run game, Hurts could very well be in the mix for MVP honors at the end of the season.
Other Notable Contenders
While Patrick Mahomes, Josh Allen, Joe Burrow, and Jalen Hurts lead the MVP race, there are some other players who are making strong cases and could really surprise us as the season unfolds!
- Justin Herbert (Los Angeles Chargers): Herbert is emerging as a strong contender with MVP odds around +2000. Despite a challenging 2023 season that saw his campaign cut short by injury, Herbert is expected to bounce back in a big way. With new head coach Jim Harbaugh guiding the team, there’s hope that Herbert will upgrade his game to another level. However, with key offensive players like Keenan Allen and Mike Williams no longer with the Chargers, Herbert will have to adapt quickly to a new supporting cast. If he can overcome these challenges and lead the Chargers to a successful season, Herbert could find himself in serious MVP contention.
- Lamar Jackson (Baltimore Ravens): Jackson is always a name to watch in the MVP race, and this year is no different, with odds hovering around +1500. Jackson’s dual-threat capabilities make him a perennial contender, and despite dealing with injuries to team members last season, he still put up impressive numbers. If Jackson can stay healthy and lead the Ravens to a strong season, particularly with some tough matchups early on, his MVP stock could go through the roof.
- Tua Tagovailoa (Miami Dolphins): Tagovailoa is another interesting name in the MVP conversation, with odds currently around +2500. After a season where he showed flashes of brilliance, Tua’s ability to stay off the injured list will be the key to his MVP chances. The Dolphins have amped up their offense, and if Tua can deliver consistently high performances and take Miami into the playoffs, he could come out as a dark horse candidate for the MVP.
- Brock Purdy (San Francisco 49ers): Purdy might be a long shot, but with odds around +2000, he’s still worth mentioning! Purdy showed remarkable poise last season, stepping up to the plate when the 49ers needed him most. If he keeps improving and the 49ers have another solid season, Purdy could become a surprising contender in the MVP race.
Even though they aren’t frontrunners, they have the talent and potential to make a serious push for the MVP if things break their way during the season. Keep an eye on them!
Factors Influencing MVP Odds
Trying to predict who will win the NFL MVP is more than just looking at individual talent! Other factors matter and influence a player’s odds throughout the season, making the MVP race hit-or-miss. Below, we break down what these elements are and how they can affect the betting landscape!
Team Performance
A team’s success is usually tied to a player’s MVP chances. Voters tend to favor players who excel individually and take their teams to winning records. The MVP award isn’t who has the most impressive stats; it also matters who contributes the most to their team’s wins.
Looking at past MVP winners, it’s plain to see that players from successful teams usually have better chances. Patrick Mahomes’ MVP awards in 2018 and 2022 came during seasons when the Kansas City Chiefs were dominant in the AFC. The Chiefs’ success on the field advanced Mahomes’ profile and made his achievements more visible.
Similarly, in 2019, Lamar Jackson’s MVP win was strengthened by the Baltimore Ravens’ impressive 14-2 record. Jackson’s amazing performances were influential to his team’s success, which made his MVP candidacy even better. It shows that being part of a winning team boosts a player’s chances of taking home the MVP trophy.
Yet it’s worth noting that there are exceptions to the rules! In 2020, Aaron Rodgers won MVP despite the Green Bay Packers not making it to the Super Bowl. This was a case where Rodgers’ individual performance on the field was so overwhelming that his team’s overall success didn’t matter.
Player Health and Durability
Injuries are always top of mind for unpredictable factors in the MVP race. A player can start out the season with the best odds, only to see them take a nose dive because of an injury. Staying healthy is the name of the game for any player with MVP aspirations—even a minor injury can impact performance and decrease playing time.
- An example of this is Carson Wentz in 2017. Wentz was having an MVP-caliber season and was the frontrunner for the award until he tore his ACL in Week 14. His injury not only ended his MVP chances but also altered the course of the Philadelphia Eagles’ season. Although the Eagles went on to win the Super Bowl, Wentz’s injury showed just how quickly MVP odds can change due to an ACL tear (or any other serious injury).
- Another notable case is Peyton Manning in 2011. After an outstanding career, Manning’s season was derailed by a neck injury that forced him to miss the whole year. His absence didn’t just affect his MVP odds—it changed the Indianapolis Colts organization, including the team’s decision to draft Andrew Luck as Manning’s eventual replacement.
Durability is a main consideration for oddsmakers when setting the MVP odds—players with a history of injuries are usually given longer odds, even if they are among the most talented in the league. The ability to stay on the field and perform at peak level throughout the season is consequential for maintaining or improving MVP odds.
Strength of Schedule
The difficulty of a team’s schedule can also affect a player’s MVP odds. Why? Well, a tougher schedule means a player will face stronger defenses and more competitive teams, which makes it harder to put up impressive stats. And a lighter schedule means a player can dominate weaker opponents and improve their MVP chances.
The Cleveland Browns have one of the toughest schedules in the 2024 season, going up against exceptional teams like the Baltimore Ravens and Pittsburgh Steelers. A challenging slate will make it harder for Browns players to keep strong MVP candidacies, as they will consistently face first-rate defenses.
On the other side of the spectrum, teams like the New Orleans Saints, with one of the easiest schedules in 2024, could see their star players benefit from facing less formidable opponents. A player who takes advantage of a softer schedule could see their stats inflated, resulting in much better MVP odds.
Big matchups throughout the season also play their part— games against other MVP contenders are especially important, as strong performances in these head-to-head battles can sway public and voter perception. If a quarterback outduels another top MVP candidate in a high-profile game, it can increase their MVP odds!
Media and Public Perception
It’s not exactly a secret that media coverage and public sentiment have a surprisingly strong influence on MVP odds. Players who are frequently shown in the media typically see their odds go up, as media narratives tend to influence how both the public and voters perceive a player’s value.
One example is Aaron Rodgers’ MVP campaigns in 2020 and 2021, which were helped by media coverage that leaned heavily on his “comeback” story and his role in leading the Packers to the playoffs. The narrative around Rodgers as a veteran quarterback defying the odds spoke to voters and the betting public, increasing his MVP odds even when other players had similar statistical performances.
Public perception also moves betting lines—when a player becomes a fan favorite or grabs the public’s attention, their odds can change simply because of the volume of bets that are placed on them. Conversely, negative media coverage or a public backlash will harm a player’s odds, regardless of their on-field performance.
Dark Horse Candidates
While well-known stars typically dominate the NFL MVP race, there’s always room for surprises! These dark horse candidates might not be getting as much attention as the favorites, but they have the potential to emerge as serious contenders. Who are the underrated players, and why shouldn’t you sleep on them? Let’s find out!
Potential Surprises
As for dark horse MVP candidates, we are concentrating on players who, while not blatantly obvious choices, have the talent and opportunity to break out. And who doesn’t love an underdog story?
- Anthony Richardson (Indianapolis Colts): Anthony Richardson, the young quarterback for the Indianapolis Colts, is loaded with potential. Despite limited action in his rookie year, Richardson’s double-threat ability as both a passer and a runner makes him a candidate who could shock the league. If he can develop his skills and lead the Colts to a successful season, Richardson could quickly enter the MVP conversation.
- Kyler Murray (Arizona Cardinals): Kyler Murray is pretty much overlooked due to recent injuries, but he no doubt has the talent to bring it home. With more protection and new offensive weapons, Murray is due for a comeback. If he can stay healthy and lead the Cardinals to a strong season, he could be in contention for the MVP race.
- Kyren Williams (Los Angeles Rams): Running backs are rarely in the MVP discussion these days, but Kyren Williams of the Los Angeles Rams has the potential to buck that trend. If he stays healthy and keeps building on his strong performances, Williams could be a dark horse candidate who astonishes everyone.
- Trevor Lawrence (Jacksonville Jaguars): Trevor Lawrence’s growth last season has set him up to be a possible MVP candidate. With the Jaguars improving as a team, Lawrence’s leadership and capabilities make him an intriguing dark horse in the MVP race.
- Jared Goff (Detroit Lions): Jared Goff tends to fly under the radar, but after a solid season with the Lions, he could be positioned for even greater success. If Goff can continue to up his game and lead Detroit to a successful season, he could become a serious MVP contender.
- Dak Prescott (Dallas Cowboys): Dak Prescott always has the potential to surprise, especially with the talent surrounding him in Dallas. If he can lessen his turnovers and take the Cowboys to a playoff run, Prescott might find himself in the MVP chat.
Why They Shouldn’t Be Slept On
The dark horse candidates can go unnoticed, but that’s a mistake—they have the qualities needed to make a strong push for the MVP award!
Underrated Skill Sets and Potential
Every one of these players has a remarkable skill set that could propel them into the MVP race. Whether it’s Richardson’s running quarterback capability, Murray’s playmaking ability, or Lawrence’s leadership, these players have what it takes to excel under the right circumstances.
Historical Examples of Surprise MVP Winners
History has shown that MVP winners don’t always come from the usual pool of suspects, and history does tend to repeat itself! Below are a few examples of surprising MVP winners:
- Kurt Warner (1999, 2001): Warner went from being a backup quarterback to leading the St. Louis Rams to a Super Bowl victory and winning the MVP twice in three years.
- Matt Ryan (2016): Ryan wasn’t considered a top MVP candidate before the season, but his exceptional play led the Atlanta Falcons to a Super Bowl appearance, and he nabbed the MVP award.
- Cam Newton (2015): Newton’s MVP win came after he led the Carolina Panthers to a 15-1 regular season and a Super Bowl berth, even though he wasn’t a preseason favorite.
Betting Strategies for Early NFL MVP Odds
Now that we know who the favs and the underdogs are, we need to have a little chat about betting strategies! Betting on the NFL MVP isn’t picking the player you think is the best, and you have to know when and how to place your bets to boost the potential returns. With the right strategies, you’ll be able to negotiate the uncertainty of the NFL season and increase your chances of a profitable outcome. Below, we’ll tell you when to place your bets, how to hedge them, and why value picks can be a really wise move!
When to Bet on MVP Odds
Timing is everything in life, and that includes betting. The big question is: should you get in early when the odds are long or wait until you have more info?
Timing Considerations for Placing Bets on MVP Candidates
Placing your bet at the right moment can make a big difference in your potential payout. Betting early on NFL MVP candidates can lock in longer odds, which translates to higher payouts if the player performs as expected. This strategy works well if you have a strong belief in a player’s potential before they become a popular choice like early bets on Patrick Mahomes or Jalen Hurts before their breakout seasons would have yielded huge returns once they turned into frontrunners.
But early bets also come with instability. A player could get injured, their team might underperform, or unforeseen circumstances might pop up, all of which will negatively affect their MVP chances.
This Is Where the Risk Lies:Placing an early bet means committing to a position without the benefit of seeing how the season starts. On the other hand, waiting until a few games into the season gives you more clarity on who the true contenders are, but by then, the odds for the leading candidates will have shortened.
Advantages and Drawbacks of Betting Early Versus Waiting
The obvious advantage of betting early is securing higher odds, particularly on players who are not yet broadly looked at or seen as MVP contenders. This is especially true for upcoming talents or those in favorable situations like a player moving into a new role or benefiting from a team’s improved roster. Again, this approach also includes a lot of uncertainty. Early in the season, a lot of factors are unknown, and a lot can go wonky between the start of the season and the final MVP voting.
Waiting to place your bet cuts back on some of this uncertainty—by the time you’ve watched a few games, you have a much better feeling of which players are performing at an MVP level and which ones are not. And the downside is that you could miss out on the best odds, as the betting market will change to show these new factors. It’s a balancing act between risk and reward that makes the timing of your bet so important.
Hedging Your Bets
Betting on multiple candidates is a super smart way to spread out your chances, especially in a fickle MVP race!
Strategies for Spreading Out Bets Across Multiple Candidates
Hedging is a technique that involves placing bets on more than one MVP candidate to cover different possible outcomes. It lets you manage your position and lessen the impact of unforeseen events, like injuries or sudden dips in performance. You could place an early bet on an already-established star like Patrick Mahomes and then add a secondary bet on an up-and-coming player like Tua Tagovailoa if he starts gaining momentum during the season.
Hedging is really beneficial in a season where the MVP race is wide open, and several players have a legit shot at the award. By spreading your bets across multiple candidates, you increase your chances of having at least one successful wager. This strategy can be especially effective if you identify value early and then change your bets as the season progresses and you get new info or notice changes in player performance.
Adjusting Bets as the Season Develops
As the season gains ground, you have to stay flexible and be willing to change your betting strategy accordingly! If your early bets aren’t panning out as you thought they would, you can place new bets on other candidates who are performing well.
For Example:If you initially bet on Joe Burrow but see that his performance is declining, you can hedge by betting on another candidate like Jalen Hurts, whose odds might have improved because of a stronger performance. It allows you to adapt to the evolving dynamics of the season and manage your potential losses.
In some cases, you might even choose to place bets on players who have longer odds at the start of the season but show promise as the season gets underway. By staying on top of the season and keeping an eye on main matchups, injuries, and all other factors, you can make the smartest decisions about where to allocate your bets as the season moves forward.
Value Picks
Finding players with favorable odds who could outperform expectations can be the trick to long-term success in betting!
Spotting Players with Strong Potential and Favorable Odds
Value picks are the players who have strong potential returns relative to their odds—they may not be among the favorites but they do have the capability to rise to the top under the right conditions. Identifying value means looking past the obvious choices and considering things like the team dynamics, schedule strength, and the player’s potential for a breakout season.
Players like Jared Goff or Trevor Lawrence, for example, don’t have the shortest odds at the start of the season, but their potential to lead their teams to successful seasons makes them attractive bets. Betting on these players can yield nice returns if they exceed expectations and come out as top MVP candidates.
Why Betting on Value Picks Can Be Profitable
Betting on value picks is a long-term strategy that can be super profitable! The key is to identify players whose potential isn’t fully shown in their odds or betting on players who are on an upward trajectory but haven’t yet gotten widespread recognition as MVP contenders. By getting in early on these players, you can secure better odds before the market adjusts.
A player like Anthony Richardson or Jared Goff will probably be overlooked at the start of the season but then become serious contenders if they lead their teams to unexpected success and if you place a bet before their performance gets them to the “favorite” status, you will maximize your potential returns!
Conclusion: We Predict the MVP is Mahomes’ to Lose
As the NFL season gets underway, the MVP race is already heating up before the first kickoff, and at this point, it’s anyone’s game. Patrick Mahomes might be the frontrunner, but players like Josh Allen, Joe Burrow, and Jalen Hurts are nipping at his heels. Plus, dark horse candidates like Tua Tagovailoa and Justin Herbert could turn it all on its head, depending on their season!
Below is a quick recap of the top contenders for the NFL MVP award:
Patrick Mahomes (Around +500)
Why He’s a Frontrunner: Mahomes is the favorite due to his consistent ability to perform under pressure and lead the Chiefs to victory. His 2023 season saw him throw for over 5,250 yards and 41 touchdowns, culminating in another Super Bowl win. His leadership and connection with head coach Andy Reid make him a strong candidate for his third MVP title.
Key Factors: Health and chemistry with his receivers, especially with new additions, will be decisive for Mahomes. If the Chiefs dominate the AFC, his chances for another MVP award are high.
Josh Allen (Around +900)
Why He’s a Contender: Allen’s dual-threat ability makes him one of the most dangerous quarterbacks in the league. However, his aggressive style, which led to many turnovers last season, could be a double-edged sword. The performance and health of his top receiver, Stefon Diggs, will also play a big part in his MVP run.
Key Factors: To solidify his candidacy, Allen will need to decrease his turnovers and guide the Bills to a top seed in the AFC.
Joe Burrow (Around +1000)
Why He’s a Contender: Burrow’s precision and poise make him a top-tier quarterback. Despite a wrist injury cutting his last season short, he remains a strong candidate thanks to a talented supporting cast, including receivers Ja’Marr Chase and Tee Higgins.
Key Factors: Burrow needs to stay healthy and perform consistently, especially in high-stakes AFC matchups, to stay in the MVP race.
Jalen Hurts (Around +1400)
Why He’s a Contender: Hurts’ dual-threat ability, combining nearly 4,000 passing yards with over 600 rushing yards, makes him a different kind of candidate. The Eagles’ overall success will heavily influence his MVP chances.
Key Factors: Hurts’ consistency and ability to stay injury-free will be important. If the Eagles keep up a strong performance and secure a top NFC seed, Hurts could be a serious contender.
Other Notable Contenders
Justin Herbert (Los Angeles Chargers): With odds around +2000, Herbert is looking to bounce back after an injury-shortened 2023 season. The transition under new head coach Jim Harbaugh will be key to his MVP chances.
Lamar Jackson (Baltimore Ravens): Jackson’s dual-threat ability and the Ravens’ strong start to the season could see his odds, currently around +1500, improve as the season progresses.
Tua Tagovailoa (Miami Dolphins): With odds around +2500, Tua’s health and the Dolphins’ reinforced offense could make him a dark horse candidate if he leads Miami deep into the playoffs.
Brock Purdy (San Francisco 49ers): Though a long shot with odds around +2000, Purdy’s leadership in a strong 49ers team could push him into the MVP conversation if he continues to develop.
Final Thoughts
It’s hard to bet against Patrick Mahomes when it comes to the MVP race—with his track record, leadership, and the way he consistently steps up his game, he’s the clear fav. But don’t sleep on guys like Josh Allen or Joe Burrow—they have the potential to make things really interesting! And who knows? A dark horse like Tua Tagovailoa could shock everyone.
As the season progresses, keep an eye on the odds and remember to make informed decisions when placing your bets. Gambling responsibly is key—there’s no need to chase losses, and it’s always wise to stay within your limits.
What do you think? Is the third time a charm for Mahomes, or do you see someone else stealing his thunder? Tell us your predictions and thoughts in the comments!
Related Content
For more insights and in-depth NFL analysis, check out the following resources:
- ESPN NFL
- NFL Odds on DraftKings
- CBS Sports NFL
- NFL Odds on FanDuel
- BetMGM NFL Betting Explained: How to Read NFL Odds
- Point Spreads: How to Bet on the NFL MVP
Famous Gamblers Throughout History and Their Stories
“Gambling is the child of avarice, the brother of iniquity, and the father of mischief.” – George Washington.
You thought the first president and a founding father only had one famous quote, right? The “I cannot tell a lie” about a cherry tree, which, by the way, has been debunked—good ol’ George never said any such thing! But his gambling quote is legit, and although this was back in the 1700s, betting goes back even further than the 16th century.
Gambling has actually been part of human culture since ancient times, tempting people with the rush of risk and reward. From the dice games of long-ago civilizations to the high-stakes poker tournaments of modern times, gambling has always been a popular pastime.
We always love a good gambling story, so we thought we’d explore the lives and legacies of famous gamblers who’ve left their stamp on history. Some stories are good, some are bad, and some are a mix of both, so let’s spin the wheel and see where it lands, shall we?
Ancient Gamblers
Even in ancient times, gambling had its fans who not only indulged in the activity but also contributed a lot to its history! Let’s see what two of the earliest prominent figures from ancient history who were known for their gambling exploits were getting up to.
Emperor Claudius (Roman Empire, 10 BC – 54 AD)
Emperor Claudius, born Tiberius Claudius Caesar Augustus Germanicus, was the fourth emperor of the Roman Empire, ruling from 41 AD to 54 AD. Despite being considered an unlikely ruler due to his physical disabilities and perceived lack of political acumen, Claudius proved to be a capable and effective leader. He expanded the Roman Empire, conquering Britain and incorporating it into the empire. Claudius also implemented significant administrative reforms, improving the judicial system and enhancing the efficiency of the imperial bureaucracy. His reign was marked by both military success and domestic advancements, making him a noteworthy figure in Roman history.
He was also an avid gambler who was partial to dice games. His enthusiasm for gambling was well-documented by ancient historians. Despite the societal disapproval of gambling, Claudius embraced it wholeheartedly, engaging in the activity with great zeal. His love for dice games was so intense that it became one of his defining traits as an emperor.
Wrote a Book on the Art of Gambling
Claudius’s passion for gambling extended beyond just playing; he also intellectualized it. He wrote a book titled “De arte aleae” (On the Art of Dice), which detailed the intricacies and strategies of dice games. Although the book has been lost to history, references to it by historians like Suetonius suggest that it was a comprehensive guide on the subject.
Redesigned His Carriage to Minimize Dice-Roll Disruption
Claudius’s dedication to gambling was so zealous that he actually redesigned his carriage and decked it out with a specially equipped gaming table. This meant he could keep playing dice games while traveling, minimizing disruptions so he could indulge in his favorite pastime. How cool is that?
Claudius was known to engage in gambling with such fervor that it was often the subject of satire and parody. For instance, in a parody of Claudius’s death, Seneca depicted him in the afterlife, doomed to play dice forever with a bottomless cup, highlighting both his obsession and the perceived folly of his passion.
Cai Lun (China, 50-121 AD)
Cai Lun, also known as Ts’ai Lun, was a Chinese eunuch (ouch) and official of the Han Dynasty who is credited with inventing paper in 105 AD. Serving as a court official, Cai Lun developed the papermaking process using mulberry bark, hemp, rags, and fishnets, which led to the widespread availability of paper and revolutionized communication and record-keeping in China and beyond. This invention greatly impacted the spread of literature and education, contributing to the advancement of Chinese civilization.
Legendary Tales of His Gambling Exploits
While Cai Lun’s invention is well-documented, there are also epic tales of his gambling exploits. Though these stories aren’t historically verified, they say that Cai Lun was an enthusiastic gambler—but take this with a grain of salt.
Connection Between Gambling and His Inventions
It is speculated that Cai Lun’s involvement in gambling might have influenced his inventive processes. The need for durable and portable materials for recording bets and scores could have spurred his development of paper. Although largely anecdotal, this connection shows how everyday practices, including gambling, can drive huge technological advancements.
These stories of Claudius and Cai Lun show how gambling was not simply a pastime but an integral part of their lives, influencing their contributions to history. Their legacies underscore the truly timeless attraction of gambling and its major impact on human culture.
Medieval and Renaissance Gamblers
Gambling continued to bewitch people throughout the Medieval and Renaissance periods, influencing some of history’s most notable figures. Below, we look at the lives of Gerolamo Cardano and Giacomo Casanova, two men whose gambling pursuits left a lasting impact on their lives and legacies.
Gerolamo Cardano (Italy, 1501-1576)
Gerolamo Cardano was a multifaceted Renaissance man: a mathematician, physician, biologist, physicist, chemist, astrologer, and philosopher. Born in Pavia, Italy, he overcame a tumultuous childhood to become one of the most renowned scholars of his time. His contributions to mathematics, particularly in algebra, were groundbreaking. Cardano was the first European mathematician to make systematic use of negative numbers and is credited with advances in probability theory, hydrodynamics, and mechanics.
Authored the First Book on Probability Theory
Cardano’s gambling addiction played a big part in his scientific work—his book, “Liber de Ludo Aleae” (The Book on Games of Chance), written around 1564 and published posthumously, is considered one of the earliest works on probability theory. In it, Cardano used dice games to explore probability, demonstrating how to calculate odds and discussing strategies to win at gambling. His understanding of the subject laid the foundation for modern probability theory and showcased his ability to apply mathematical principles to everyday activities.
How His Gambling Addiction Influenced His Scientific Work
Cardano’s involvement in gambling went well beyond entertainment; it influenced his academic pursuits and financial stability. He used gambling as a way to make ends meet, particularly during periods when his medical career was unstable. His knowledge of probability gave him an edge in gambling, allowing him to win more than he lost. Despite this advantage, his addiction also came with personal and professional challenges, including financial ruin and damage to his reputation.
Giacomo Casanova (Italy, 1725-1798)
Giacomo Casanova, born in Venice, Italy, is best remembered as a legendary lover and adventurer. But his life was far more complicated than we’ve been led to believe! Casanova was a writer, spy, and diplomat, traversing European society with charming nature and savage wit. His memoirs, “Histoire de ma vie” (Story of My Life), paint a detailed picture of his numerous exploits, including his gambling adventures.
His Use of Gambling to Climb Social Ladders
Casanova frequently used gambling as a way to climb the societal ladders and secure financial independence. In 18th-century Venice, gambling was a very common activity among the upper classes, and Casanova excelled at different games, including faro, a popular card game of the time. His success at the gaming tables allowed him to mingle with the elite and gain favor with influential figures. Casanova’s suave and strategic mind made him a formidable gambler, helping him maneuver the intricacies of high society.
The Role of Gambling in 18th-Century Venetian Society
In 18th-century Venetian society, gambling was way more than a hobby; it was an essential social activity that permeated almost every level of society. Venice was famous for its casinos, known as “ridotti,” where the city’s elite gathered to play games of chance. These venues were not only centers of entertainment but also arenas for political and social maneuvering. Casanova’s ability to gamble successfully gave him plenty of opportunities to forge alliances, gather intelligence, and sustain his lifestyle amidst the city’s opulent atmosphere.
19th Century Gamblers
The 19th century saw some of the most colorful and daring gamblers whose exploits have become legendary. Wild Bill Hickok and Charles Wells, two men who became synonymous with high-stakes gambling, take center stage below!
Wild Bill Hickok (USA, 1837-1876)
James Butler Hickok, who you may know as Wild Bill Hickok, was an icon of the American Old West. Born in 1837, he gained fame as a lawman, gunslinger, and gambler. Hickok’s life was filled with adventure and danger, which embodied the spirit of the frontier at that time in history.
His Famous Poker Games
Wild Bill was a regular at poker tables in different frontier towns, and his smarts and super-quick reflexes made him a formidable poker player. Yet despite his skills, his love for the game led him to a fateful encounter that cemented his legacy.
The ‘Dead Man’s Hand’ Story
On August 2, 1876, in Deadwood, Dakota Territory, Hickok was playing poker at Nuttal & Mann’s Saloon No. 10. He held a hand of two aces and two eights, now famously known as the “Dead Man’s Hand.” Jack McCall, a disgruntled gambler, entered the saloon and shot Hickok in the back of the head, killing him instantly. This tragic event immortalized the “Dead Man’s Hand” as a symbol of bad luck in poker lore.
Charles Wells (England, 1841-1922)
Charles Deville Wells became famous for his insanely lucky winning streaks at the Monte Carlo Casino. Born in England, Wells’ antics at the roulette table earned him a legendary status and inspired the popular song “The Man Who Broke the Bank at Monte Carlo.”
His Famous Roulette Winning Streak
In 1891, Wells headed to Monte Carlo with £4,000, which was obtained through questionable means. Over a series of gambling sessions, he managed to win millions of francs, “breaking the bank” multiple times. This term meant he won more money than the casino had on hand, so the table had to be shut down temporarily while funds were replenished.
Later Life and Eventual Downfall
Wells’ success at Monte Carlo was short-lived—he quickly lost his spoils and resorted to fraudulent schemes to maintain his lavish lifestyle. In 1892, he was arrested for fraud in the UK and served time in prison. After his release, he continued his deceptive ways, eventually getting arrested again in France for running a Ponzi scheme. Wells died penniless in 1922, a striking difference in comparison to his days of legendary status.
Early 20th Century Gamblers
The early 20th century was a gilded age for gambling, with wild characters and epic tales. It was an era that saw the rise of high-stakes poker games, infamous gambling dens, and the intersection of gambling with organized crime. The larger-than-life figures of this period were not just gamblers; they were influencers and trendsetters whose actions reverberated around the world.
During this time, gambling became a lifestyle that drew in all kinds of people—the temptation to get rich in a single night or was irresistible. This period was also characterized by the establishment of gambling hotspots like Las Vegas, which is now synonymous with betting and luxury casinos.
The early 1900s also saw the darker side of gambling, where crime and gambling interlaced. Organized crime figures saw gambling as a lucrative enterprise, which led to illegal gambling rings and the fixing of major sporting events. These developments didn’t just impact the gambling world—they also had social and economic implications, influencing public perception and legislation around gambling.
Amidst this backdrop, two figures emerged as quintessential representations of this era’s gambling culture. One, a high-stakes poker player known for his marathon matches and philosophical approach to the game, became a legendary figure whose exploits are still talked about in modern poker communities. The other, an infamous gambler and crime boss left an indelible mark on both the gambling world and organized crime, allegedly orchestrating one of the biggest sports scandals in history.
Nick the Greek (Greece/USA, 1883-1966)
Nick the Greek, born Nikolaos Andreas Dandolos in Crete, Greece, became a legendary figure in the world of gambling. He came to the United States at a young age and got a generous weekly allowance from his godfather. But his initial entrepreneurial pursuits quickly took a back seat to his growing love for gambling.
Famous Matchup Against Johnny Moss
One of the most famous stories about Nick the Greek involves his epic poker match against Johnny Moss in 1949. Organized by Benny Binion, this heads-up game lasted for five months and involved different forms of poker. The drawn-out match drew large crowds to Binion’s Horseshoe Casino in Las Vegas. Legend has it that after an intense series of games, Nick stood up and said, “Mr. Moss, I have to let you go,” acknowledging Moss’s victory, which reportedly came to somewhere between $2 and $4 million.
His Philosophy on Gambling and Life
Nick the Greek was known not just for his gambling skills but also for his philosophical outlook on life and gambling. He once said, “Never bet on anything that can talk,” stressing his belief in relying on odds and logic over superstition. Despite winning and losing fortunes multiple times, Nick’s love for the game never strayed—he played for the rush and the action, famously stating, “Hey, it’s action, isn’t it?” even when playing lower-stakes games as he got older.
Arnold Rothstein (USA, 1882-1928)
Arnold Rothstein, born in New York City, was a notorious gambler and crime boss known for his pivotal role in the development of organized crime in America. Nicknamed “The Brain,” Rothstein was a mastermind behind a lot of illegal enterprises, which included bootlegging, drug trafficking, and fixing sporting events.
Alleged Mastermind Behind the 1919 Black Sox Scandal
Rothstein’s most infamous act was allegedly orchestrating the 1919 Black Sox Scandal, where eight players of the Chicago White Sox were bribed to throw the World Series—they made a movie based on it titled Eight Men Out. Although he was never formally charged, Rothstein’s involvement in the scandal solidified his reputation as a manipulative and slick figure in the world of gambling and crime.
His Influence on the World of Organized Crime and Gambling
Rothstein’s influence extended well past fixing games—he was instrumental in shaping the structure of organized crime, mentoring future crime lords like Lucky Luciano and Meyer Lansky. Rothstein’s operations bridged the gap between gambling and organized crime, making him a notable and notorious figure in the criminal underworld. His ability to operate within legal gray areas and his knack for manipulating both the criminal and legitimate worlds set a precedent for the modern mob boss.
Modern-Era Gamblers (Mid to Late 20th Century)
The mid to late 20th century are the origin stories for gambling legends who not only excelled in high-stakes games but also left a lasting impact on the culture and popularity of poker. Two such figures, known for their extraordinary feats and animated personalities, are Amarillo Slim and Archie Karas.
Amarillo Slim (USA, 1928-2012)
Amarillo Slim, born Thomas Austin Preston Jr., was a central figure in the world of poker who garnered international fame after winning the 1972 World Series of Poker (WSOP) Main Event. This victory, coupled with his larger-than-life personality, played a major role in bringing poker into the mainstream. Slim was not only a skilled player but also a brilliant showman who knew how to grab the public’s attention.
Famous Prop Bets and Stories
Amarillo Slim was known for his outrageous and sometimes hilarious prop bets, which became the stuff of legends in gambling circles. He once bet that he could beat tennis champion Bobby Riggs in a game of ping-pong, using frying pans as paddles, a bet he won after months of practice. He also won $300,000 from Willie Nelson in a game of dominoes and reportedly won $2 million from Larry Flynt in poker. His willingness to bet on almost anything made him a beloved figure and a master of the art of the hustle.
His Role in Popularizing Poker
Slim played a huge part in popularizing poker, especially Texas Hold’em. He was a regular on TV shows like The Tonight Show with Johnny Carson, where he regaled audiences with his gambling tales and charismatic persona. His efforts helped change poker from a backroom game to a legit and celebrated sport. Slim’s influence extended to organizing poker events, including the Super Bowl of Poker, which rivaled the WSOP in prestige during its run from 1979 to 1991.
Archie Karas (Greece/USA, b. 1950)
Archie Karas, born Anargyros Karabourniotis, is best known for his amazing winning streak in Las Vegas, which is known as “The Run.” In 1992, Karas landed in Vegas with just $50 and, over a few years, turned it into an astounding $40 million. His incredible run of luck included winning massive sums at poker and dice games, making him an absolute legend in the gambling world.
Turning $50 into $40 Million and Losing It All
Unfortunately, Karas’ story is as much about loss as it is about winning. After amassing a fortune, he lost it all within a short period of time, mainly through high-stakes gambling. His winning streak ended as dramatically as it began, illustrating the volatile nature of gambling. Despite his losses, Karas has remained a symbol of both the heights and the risks of high-stakes gambling.
Lessons from His Extreme Winning and Losing Streaks
Archie Karas’ life teaches some important lessons for gamblers. His ability to win consistently was a result of skill, nerve, and the ability to read his opponents. But his eventual downfall underlines the importance of managing one’s winnings and knowing when to walk away. Karas’ story is proof of the extraordinary highs and a cautionary tale of the devastating lows that come with the gambling territory.
Contemporary Gamblers (Late 20th to 21st Century)
The late 20th to 21st centuries have given us gamblers who have not only achieved remarkable success but have also influenced the industry in major ways. This era showcases two figures whose skills, strategies, and stories have left lasting marks on the gambling world.
Phil Ivey (USA, b. 1977)
Phil Ivey, who is often called the “Tiger Woods of Poker,” is widely regarded as one of the greatest poker players of all time. Born on February 1, 1977, in Riverside, California, Ivey’s journey to poker stardom began at a young age. He started playing poker seriously in Atlantic City, earning the nickname “No Home Jerome” because of the fake ID he used to play in casinos before turning 21.
Ivey’s breakthrough came in the early 2000s. By 2003, he had established himself as a top player, competing against legendary figures like Doyle Brunson and Johnny Chan. Over his career, Ivey has won 10 World Series of Poker (WSOP) bracelets in various poker variants, demonstrating his versatility and skill. His accomplishments include significant victories in high-stakes cash games around the world and numerous tournament wins, contributing to his total live tournament earnings of over $31 million.
Edge-Sorting Controversy in Baccarat
In addition to his poker prowess, Ivey was involved in a high-profile legal controversy related to edge-sorting in baccarat. Edge-sorting is a technique that’s used to identify slight imperfections on the backs of playing cards, giving the player an advantage. Ivey and his accomplice used this technique to win millions from casinos in the U.S. and the UK. However, the casinos contested the winnings, leading to lawsuits. Ivey’s involvement in this controversy illustrated the fine line between skill and cheating in gambling, kicking off heated debates within the gaming community.
Impact on the Modern Poker World
Phil Ivey’s influence on modern poker extends beyond his winnings. He played a crucial role in popularizing poker during the poker boom of the early 2000s. His presence on televised poker events and his association with major poker brands like Full Tilt Poker helped bring the game into the mainstream. Ivey’s strategic insights and chill demeanor have inspired countless players worldwide, and his induction into the Poker Hall of Fame in 2017 solidified his legacy as a poker icon.
Edward Thorp (USA, b. 1932)
Edward Thorp is a mathematician, professor, and author whose contributions to gambling and finance have had a lasting impact. Born on August 14, 1932, Thorp is best known for developing card counting techniques in blackjack, a revolutionary strategy that changed the game forever. His book “Beat the Dealer,” published in 1962, was the first to prove that blackjack could be beaten by card counting mathematically, and it became an overnight bestseller.
Developer of Card Counting Techniques in Blackjack
Thorp’s interest in gambling started out as a practical application of his mathematical skills. Using computer simulations, he devised a system that allowed players to keep track of the cards that had been dealt, thereby determining the probability of favorable cards remaining in the deck, a technique that gave players an edge over the house. Thorp tested out his theories in real casinos, winning substantial amounts and proving that his system indeed worked. His success prompted casinos to overhaul their dealing practices and rules to counter card counting, which is solid proof of the effectiveness of Thorp’s strategies.
His Influence on Gambling and Financial Markets
Apart from gambling, Thorp applied his mathematical expertise to the financial markets. He developed quantitative strategies for investing and founded one of the first hedge funds to use such methods. His book “Beat the Market,” co-authored with Sheen Kassouf, introduced techniques for pricing warrants and options, laying the groundwork for modern quantitative finance. Thorp’s dual legacy in gambling and finance demonstrates the broad applicability of mathematical principles and his trailblazing spirit in both fields.
Analysis: Common Traits and Lessons
Gambling always attracts all kinds of people, and each brings their own traits and skills to the table. But when we look at their common characteristics and the lessons taken from successful gamblers, we can get a good grasp of just what it takes to excel in the gambling arena!
Risk-Taking Personality Traits
Successful gamblers usually have strong risk-taking traits, and a willingness to take risks is a fundamental aspect of gambling, where high stakes and the possibility for big money wins or losses are ever-present. They are comfortable with uncertainty and are willing to place large bets, viewing calculated risks as opportunities for big gains. This trait is not limited to gambling alone; it is also common among entrepreneurs and investors who thrive on making risky decisions under pressure.
Take JP McManus, a renowned Irish gambler, who demonstrated his risk intelligence by making deliberate mistakes in games to gauge his opponents’ skills so he would know when to stop playing and avoid greater losses. This ability to take chances, combined with a strategic approach, is a hallmark of successful gamblers.
Mathematical Skills and Probability Understanding
A solid understanding of mathematics and probability is another common trait among successful gamblers. They utilize these skills to analyze odds, calculate probabilities, and make smart decisions. This analytical approach means they can spot patterns and trends that others would overlook, giving them an edge in some games.
Edward Thorp’s development of card counting techniques in blackjack literally changed the game by proving mathematically that it could be beaten. His success in casinos and later in financial markets shows the importance of mathematical prowess in gambling. Similarly, professional poker players like Phil Ivey use their knowledge of probabilities to make strategic decisions during games, consistently outperforming their competition.
Influence of Gambling on Other Aspects of Life and Society
The influence of gambling extends into other aspects of life and society—for a lot of successful gamblers, the skills and strategies they develop in gambling translates into other fields, such as finance and business. Thorp applied his mathematical expertise from gambling to the stock market, introducing quantitative finance strategies that are still in use today. This cross-application of skills demonstrates how the principles of gambling can be beneficial in a number of areas.
Moreover, the popularity of gambling has led to its portrayal in media and entertainment, shaping public perception and cultural attitudes toward risk and reward. Films, books, and TV shows featuring gambling scenarios have helped normalize the activity, portraying it as both an exciting and strategic pursuit. This cultural impact has definitely contributed to the broader acceptance and understanding of gambling in our society.
The Fine Line Between Skill and Addiction
One of the most important lessons from studying successful gamblers is the delicate balance between skillful play and addiction. While discipline and self-awareness are the main traits of good gamblers, the excitement of gambling can easily turn into addictive behaviors. Successful gamblers are usually very aware of their limits and keep a tight leash on their betting habits. They are able to detach emotionally from their wins and losses, making decisions based on logic rather than impulse or emotion.
This discipline helps them avoid the dangers of gambling addiction, which can have severe personal and financial consequences. By recognizing the signs of addiction and setting clear boundaries, successful gamblers are able to enjoy their craft without falling into destructive patterns. This aspect of gambling stresses the need for responsible play and the importance of keeping a healthy relationship with risk-taking activities!
The Dark Side: Cautionary Tales
Yes, gambling is mostly associated with entertainment, but it also has a darker side. There are people who have lost everything, and the dangers of gambling addiction that we need to address, and how casinos and society are addressing the dark side of problem gambling!
Stories of Gamblers Who Lost Everything
There are some gamblers who have seen their fortunes vanish due to their addiction. While there are too many to list, below are some scary and notable examples:
- Harry Kakavas, an Australian real estate magnate, lost $20.5 million in a single session of baccarat at Melbourne’s Crown Casino. Despite spending $1.43 billion over 16 months, his repeated losses led him to sue the casino, claiming they exploited his compulsive gambling tendencies.
- Terrance Watanabe inherited his father’s business and sold it for a staggering sum, only to lose an estimated $127 million in casinos like Caesar’s Palace and The Rio. His gambling addiction turned into legal and financial troubles, showing the terrifying impact that unchecked gambling habits can have.
- Maureen O’Connor, the former mayor of San Diego, embezzled over $2 million from her late husband’s foundation to fund her gambling addiction. Over nine years, she gambled away more than $1 billion, resulting in massive debts and legal battles. Her case underlines how gambling can drive people to extreme measures and financial ruin.
- David Bradford was a family man who secretly accumulated $500,000 in debt over 30 years of gambling. His addiction led to theft from his employer, and he went to prison for it. His story serves as an important warning about the secretive nature of gambling addiction and its ruinous impact on personal and family life.
- Viktor Gjonaj, a real estate broker, believed he had a foolproof system for winning the lottery. His obsession led him to spend millions on tickets and deceive investors, eventually losing $19 million and facing legal repercussions for his scams.
The Potential Dangers of Gambling Addiction
Gambling addiction is a serious issue that can lead to severe financial, emotional, and social consequences. Those with this addiction experience an uncontrollable urge to gamble despite knowing what the negative impacts can be.
The compulsive nature of gambling can drive people to extreme behaviors, like lying to loved ones, stealing, and incurring massive debts. The psychological effects include anxiety, depression, and even suicidal thoughts. Matt Blanks, who lost $900,000 over a decade, battled deep depression and multiple suicide attempts before deciding to get help.
Addiction to gambling is not limited to any one particular demographic—it affects people from various backgrounds, including celebrities like Michael Vick, who lost $20 million due to gambling and bad financial decisions, and Tiger Woods, who reportedly lost $58 million over seven years.
How Casinos and Societies Have Adapted to Address Problem Gambling
Recognizing the severe impact of gambling addiction, casinos and societies have implemented measures to address and tackle the issue, like the following:
- Self-Exclusion Programs: All licensed and reputable casinos offer self-exclusion programs so people are able to ban themselves from gambling establishments for a certain period of time. This helps those struggling with addiction to take a proactive step towards recovery.
- Gambling Helplines and Support Groups: Organizations like Gamblers Anonymous provide support to people and families affected by gambling addiction. These groups offer counseling, support meetings, and resources to help addicts regain control over their lives.
- Educational Campaigns: Casinos and governments run educational campaigns to raise awareness about the risks of gambling and promote responsible gambling practices. These campaigns inform the public about the signs of gambling addiction and available support services.
- Regulation and Oversight: Governments have introduced stricter regulations to guarantee fair play and protect consumers. This includes setting limits on betting amounts, implementing age restrictions, and monitoring gambling activities to prevent fraudulent practices.
- Technology and Monitoring: Most casinos are using advanced technology to monitor gambling behavior. By tracking betting patterns, they can identify potentially problematic behavior and intervene early to offer support or restrict access to gambling services.
The stories of gamblers who lost everything serve as clear reminders of the potential dangers of gambling addiction. While casinos and societies have made great strides in addressing this issue, it’s ultimately up to gamblers to recognize the signs of addiction and get help.
Gambling in the Digital Age
The advent of the internet has transformed most industries, and gambling is no exception. The rise of online gambling sites has created new kinds of gamblers, professional online poker players, and a burgeoning market for esports betting. This shift has not only changed the landscape of gambling but also introduced opportunities for a new generation of bettors and players.
How Online Gambling Has Created New Types of Famous Gamblers
Online gambling has enabled a new breed of gamblers to achieve fame and fortune without ever going near a physical casino. These players leverage the accessibility and anonymity of the internet to take part in a host of gambling activities, from online poker to virtual slot machines.
One example is Chris Moneymaker, whose victory in the 2003 World Series of Poker (WSOP) was a pivotal moment for online gambling. Moneymaker, an amateur player who won his entry to the WSOP through a $86 satellite tournament on PokerStars, went on to win the main event, earning $2.5 million. His success story, often dubbed the “Moneymaker Effect,” inspired a surge in online poker participation and highlighted the potential for online platforms to create new gambling legends.
Additionally, players like Alan Woods, who applied quantitative analysis to horse racing and built a substantial fortune through online betting, illustrate how the digital age allows for sophisticated gambling strategies that can yield big monetary rewards. Woods’ success goes to show the transformative impact of online platforms on conventional gambling practices.
The Rise of Professional Online Poker Players
The internet has also given rise to a new generation of professional poker players who hone their skills in online environments. These players benefit from the ability to play multiple tables simultaneously, access a global pool of opponents, and utilize software tools to analyze their performance.
Phil Galfond, known online as “OMGClayAiken,” is a prominent figure in the online poker community. He has won three WSOP bracelets and is known for his success in high-stakes online games. Galfond’s “Run It Once” poker site and the “Galfond Challenge,” where he competes in heads-up matches against other top players, have further solidified his reputation. His path from online poker tables to becoming a respected poker entrepreneur showcases the amazing opportunities the internet provides for players.
Another example is Fedor Holz, a German poker prodigy who made his mark in the mid-2010s. Known online as “CrownUpGuy,” Holz achieved massive success, including a $1.3 million win in a single tournament. He has also performed well in live tournaments, amassing nearly $33 million in live earnings. Holz’s transition from online success to live poker stardom highlights the fluidity between different formats of the game in the digital era.
Esports Betting and Its Young Stars
Esports, aka competitive video gaming, has grown into a mammoth industry, and betting on esports matches has become super popular. This new form of gambling attracts a younger demographic and has created new opportunities for bettors and professional gamers alike.
The rise of esports betting platforms has paralleled the growth of esports as a mainstream entertainment option. Online gambling sites like Betway offer odds on major esports tournaments, covering games such as League of Legends, Dota 2, and Counter-Strike: Global Offensive. These platforms have tapped into the enthusiasm of esports fans, many of whom are avid gamers themselves.
Young stars like Johan “N0tail” Sundstein, a professional Dota 2 player, have not only excelled in their respective games but have also become symbols of the lucrative potential within the esports ecosystem. Sundstein’s team, OG, won the International Dota 2 Championships in 2018 and 2019, taking home millions in prize money. The success of players like Sundstein highlights the convergence of gaming and gambling in the digital age, where skill and strategy are rewarded with financial wins.
Another esports star is Lee “Faker” Sang-hyeok, a professional League of Legends player from South Korea. Known as one of the best mid-laners in the game, Faker has earned over $1.3 million in prize money and has won multiple world championships with his team, T1. His exceptional gameplay and strategic prowess have made him a household name in the esports community, which draws a lot of betting interest during major tournaments.
Conclusion
From the ancient Roman Empire to now, gambling has been a popular mainstay that has not only changed lives but also history. The cultural impact gambling has had is something to marvel at—and, in certain cases, be wary of.
Gambling has gone from being seen as a hush-hush vice to an accepted form of entertainment. This shift is due in part to the visibility of professional gamblers, the accessibility of online platforms, and media portrayals of the pastime. Regulatory measures promoting responsible gambling have further normalized it, making it a legit form of fun—when played responsibly.
The future of gambling will see new stars rise from the world of esports and online poker and become icons. Technological advancements will continue to improve, but it’s the strategies and new blood of today’s gamblers that will define the next era—we predict a new generation of legends will come to the fore of the gambling world, keeping the torch lit for the legends who have passed it to them.
The Mathematics of Blackjack: How Card Counting Works
Blackjack is one of the most popular games you’ll find at a land casino or in online Blackjack rooms. It has simple rules, a speedy rate of play, and several strategic approaches that make it fun and interesting to play! While games like slot machines, bingo, or Keno offer you very little control over dictating the final outcome, Blackjack is a dynamic table game where you can use a basic strategy to drive the house edge down and swing the odds in your favor.
In this article, we will explore the mathematical principles behind card counting in Blackjack. This strategy has helped gamblers determine if the player or the dealer has an advantage in the next hand. By understanding the mathematics of card counting, players can gain an edge over the house and make more informed decisions at the table. We’ll discuss the Hi-Lo System and some other advanced card counting techniques—learn how the math behind card counting can improve your approach to Blackjack and place you on the winning side of the curve more often!
The Basics of Blackjack
Blackjack, sometimes called 21, is one of the most popular table games played at online casinos and brick-and-mortar establishments. It has become a favorite of many gamblers because it’s easy to learn and can be super exciting to play.
We’ll go over the basics of the game, like the objective, card values and scoring, and the house edge factor, to give you an idea of how this table game is played and how it can be beneficial if you want to be on the winning side of the curve more often.
The Objective of the Game
Blackjack is a game in which all players compete against the dealer. The objective is to get closer to 21 than the dealer without going over. Players can request a new card from the dealer as often as they’d like to try to get as close to 21 as possible, while the dealer only works off of two cards, one face up and one face down (the hole card).
There are three ways that a player can beat the dealer in Blackjack:
- Drawing a hand value that is higher than the dealer’s hand value
- Drawing a hand value of 21 on your first two cards (Ace + 10 or face card) and the dealer doesn’t
- By the dealer drawing a hand value that goes over 21
There are two ways for players to lose against the dealer:
- Your hand value exceeds 21
- The dealer has a hand value closer to 21 than your final hand
Card Values and Scoring
The card values and scoring are pretty simple in the game of Blackjack.
- All number cards are played at face value.
- Jacks, Queens, and Kings count as 10.
- An Ace can be played as a 1 or an 11.
If you’re dealt a hand of an Ace with any face card, you’ve got a Blackjack, and you’ve likely won against the dealer. Depending on which type of Blackjack you’re playing, Blackjack is paid either 6 to 5 or 3 to 2.
Dealer’s Up Card and Down Card
The dealer gets two cards, one face up and one face down. Throughout the hand, the dealer only knows the face-up card; they cannot see the face-down card (the hole card). The face-up card is there so gamblers can decide whether to “stand” or “hit.”
After the dealer looks at their face-down card, they become aware of their total hand value. If the total is 16 or under, they must take a card. They must take cards until the total is 17 or more. Once the dealer reaches 17 or higher, they must “stand.”
Hit and Stand
Each player gets two cards that are dealt face down. Players can look at their cards, so the dealer has no idea what they are. Once you’ve gotten your two cards, you can “hit” or “stand.”
- If you “hit,” you get another card from the dealer. You communicate this to the dealer through hand gestures like tapping or scratching the table with your finger. You can “hit” as many times as you’d like until you think you’re as close to 21 as possible or if you “bust,” which means giving over 21.
- If you “stand,” you feel comfortable with the hand you’ve been dealt. You’ll definitely want to stand if you have an Ace and a 10 or face card. This means you’ve hit a “Blackjack,” and you’ve likely won over the dealer. The general rule of thumb using a basic strategy is to stand on a hand that’s 17 or higher.
Double Down
Doubling down is a common Blackjack strategy in which you place an additional bet equal to your original ante. This bet equals your initial wager after being dealt the first two cards. Doubling down is done in exchange for one card, but it results in the player being unable to “hit” for the rest of the hand. Doubling down increases your payout potential if you do it right, using a basic strategy.
PLEASE NOTE:You should only employ the double-down if your total hand is equal to 9, 10, or 11 without an Ace in play. If you have an Ace in your hand, then you should only do so if your hand total is 16, 17, or 18. It’s also a good rule of thumb to double down on a pair of 5s (avoid pair splitting a pair of 5s).
Split
Splitting hands is another Blackjack strategy where you can create two separate hands if the two cards you’re holding are the same number (two 6s, two 3s, etc.) It can be done for two cards of the same numerical value, like 10s and a Queen, a Queen and a Jack, a Jack and a King, etc. After splitting the two cards into two hands, you place your original bet with one hand while placing an equal bet with the other.
The splitting strategy is essentially doubling your overall bet. If the new hand becomes a new pair with an equal numerical value, the player can split this hand and create a third bet, effectively tripling their wager.
Can You “Hit” or Double Down on a Split?
Players can “hit” or double down on a split hand, except when splitting two Aces. Splits are rare in Blackjack. There’s only a 0.5% chance of getting a pair of cards numerically valued from Ace to 9, and there’s only a 9.4% chance of getting a pair of cards numerically valued from 10 to King.
When Do You Split Hands?
The time to split your hands is if you have a pair of 8s or a pair of Aces.
- If you’re dealt a pair of Aces and split the hand, you have two clear chances of getting Blackjack quickly. Players have a 30.4% chance of their hand starting on an Ace and getting Blackjack. If you up this to two hands after a split, the probability climbs to 51.6%.
- If you get a pair of 8s, your total hand value is 16, which is one below the 17 value where the dealer is required to “stand.” 16 is the weakest hand in Blackjack, not only because it falls slightly short of the mark where the dealer is required to finish, but because there’s a good chance of the player going bust if they “hit.” 16 is already close to 21.
- If you get a pair of 9s, you should split the hand in every circumstance unless the dealer has a 7, a card worth 10, or an Ace. The chances are good that their next card will be worth 10, meaning that they will end on at least a hand of 17 or higher, if not 20 or Blackjack. Feel free to split if the dealer has anything 2-6 or 8-9, and you have a pair of 9s!
When Not to Split Your Hand
- Never split a pair of 10s. 20 is a strong hand to be dealt immediately, and the dealer has only a 12.2% chance of beating that value. If you split a pair of 10s, you’re likely to wind up with two hands that are less than 20.
- Don’t split a pair of 5s—the best approach here is to double down. If the dealer shows a 10 or an Ace as their face-up card, it’s best to “hit.” Never split a pair of 5s!
- Don’t split pairs of 2s, 3s, or 7s if the dealer’s face-up card is an 8 or higher.
- Don’t split pairs of 4s or 6s if the dealer’s face-up card is a 7 or higher.
- Don’t split pairs of 4s if the dealer’s face-up card is beneath 5.
House Edge
The house edge for an average game of Blackjack stands at 2%. It’s the profit the casino expects to make on each game iteration. The house edge is built into the game to ensure that the casino can make a basic profit while still being able to operate and offer games to its customers.
In the game of Blackjack specifically, the dealer has an edge over the players because the players are the first to act. After the cards are dealt, the player makes the first move, which automatically puts them at a significant disadvantage. However, there are several strategies for beating the house, including doubling down, splitting hands, surrendering hands, and knowing when to strategically “hit” or “stand,” meaning that 2% of houses edge down into the realms of 1%.
Who Gets the Edge in Each Scenario?
Using a Blackjack strategy is so important because there are several ways that a player can increase their likelihood of winning over the house. Remember that the house has two basic rules: they must “hit” on 16 or lower and “stand” on 17 or higher.
- The house has the edge when the player acts first, and the dealer acts last.
- The player has the edge when the dealer gets even money on Blackjack, and the player gets 3:2.
- The edge goes to the player when the player can hit, stand, double down, split, or take insurance, while the dealer can only hit on 16 and stand on 17 or higher.
- The edge goes to the player when they can split pairs, and the house cannot split pairs.
- The edge goes to the player when they can double down, but the house cannot double down.
- The edge goes to the player when they can surrender a hand and the house cannot surrender a hand.
While the players begin at a disadvantage because they act first during the hand, they can increase their likelihood of winning against the house when using these strategies. As you can see, there are more ways for the player to win over the house than there are ways for the house to win over the player!
The Concept of Card Counting
Card counting is a strategy for tracking the number of high and low cards played to gain an edge over the house. The idea is to roughly know the remaining deck’s value instead of keeping a perfect record of which cards are left. Contrary to what you see in movies and other media, it’s not about having which cards were dealt completely memorized. Get a general idea of what’s left in the dealer’s shoe, and you can change your play style and bet size to get a more competitive game going.
As you learn the different types of card counting systems and gain experience with executing these strategies, you can give the dealer a run for their money! Let’s look at the best card-counting systems that seasoned professionals have used to their advantage.
1- Basic Strategy
Sometimes, less is more. There’s a lot to be said for a simple approach in life, and the same applies to a basic strategy in Blackjack. While it’s not as widely used as the Hi-Lo Strategy that we’ll discuss in short order, the basic strategy we’ll present here will familiarize you with the basics of counting cards in Blackjack games and adjusting your stakes accordingly.
Follow these steps during your next trip to the Blackjack tables at the land casino nearest you to develop a basic strategy and increase your chances of success!
- Use at least 200 units to avoid going broke at the casino. This is the minimum bet at the table. If the minimum bet for Blackjack is $5, you’ll want to begin with $1,000 to avoid blowing through your bankroll entirely.
- Assign values to every card using the Hi-Lo System: 2-6 are worth +1, 7-9 are 0, and 10-Ace are -1.
- Keep a running count of the cards; you can see this from when the dealer introduces a new shoe to when the cards run out and a new shoe is required. Then, divide the true count by the number of decks the dealer uses.
- Bet the true count minus one unit. Let’s say your running count is +30, and you know the dealer uses six decks of cards. The true count is +5, so you should be 4 units. If the minimum bet is $5, your stake should be $20.
- Scale your bets up and down based on the true count. Up your bets with a better true count to capitalize on better odds. Decrease your bets when you run into a negative running count.
Again, these are the basics of card counting in Blackjack. For more advanced strategies and approaches to determining the true count of any given shoe, check out the Hi-Lo System, Knockout, and Omega II techniques, where you can take a more calculated and aggressive approach to beat the dealer to 21.
2- Hi-Lo System
In this Hi-Lo Strategy, you must start the count right away, from the moment that the dealer begins using a new shoe. Remember that land casinos don’t use a single deck for Blackjack games but 6-8 decks to make card counting difficult for players and increase the overall house edge. This card-counting technique only works if you’re playing at a land casino, as online casinos, which are run using random number generators, reshuffle the deck at the start of every new hand.
- First, assign values to every card. The general rule of thumb in the standard card counting strategy for Blackjack is to make 2-6 worth +1, 7-9 worth 0, and 10-Ace worth -1.
- Next, you must practice keeping a running count on the shoe. For example, if the dealer shows 5 (+1) on their up card and you have a 5 (+1) and a Queen (-1), the current count on the deck is 1 (1+1-1).
- Remember that 6 to 8 decks could be in play during a game of Blackjack. Take the deck’s value based on your current count and divide it by the number of decks used. For example, the game uses 8 decks and your current count is 24. This means the true value of the deck is +3 (24 divided by 8).
- After counting cards, if you run into a true count of +1 or more, the dealer no longer has the advantage. If the true count is +3 or higher, the dealer’s edge plummeted to -1%, making the likelihood of Blackjack more favorable to the player.
- Once you establish the deck’s true count, adjust your stake accordingly. If the deck has a positive count, you’ll want to increase the amount of your bet to capitalize on the better house edge.
- If you’re looking at a positive deck count, you can take several other approaches as you decide what your stake should be. Popular deviations when dealing with a +3 true count are buying insurance on the dealer’s Ace, splitting 10s instead of standing, standing with 13s when the dealer has a 2, standing with 16 when the dealer has 10, etc.
It’s best to practice card counting at home using multiple decks. You don’t lose any money in the process, plus you can look back over the dealt cards to track your count if you’ve made a mistake. You can’t do this in the casino with everybody watching! Gamblers can even try their hand at counting cards using online Blackjack apps even if the deck is reshuffled at the start of each new hand.
3- KO System (Knock Out)
Also known as Knock Out Blackjack, the KO system of counting cards works on a point values system of 2-7 being worth +1, 8-9 being worth 0, and 10-Ace being worth -1. The win rates are similar to that found in the Hi-Lo System and other single-level systems where four more decks are at play in a game. The KO System is easy to learn and is best used in 6-deck games where a 1-10 bet spread can be achieved. It’s not the best approach if you’re playing a hand of Blackjack where the dealer uses a single deck or two decks.
Pros
- It uses a single-level system and has no side count for the Aces
- Simple structure compared to other systems
Cons
- Players must know the accurate initial running count to make the Knock Out System work
- Players cannot eliminate the house edge with a conservative betting spread of 1-2
- Knock Out System only gives players a mathematical advantage of 0.54% for 6 decks or 1.24% using a single deck
4- Omega II System
The Omega II system is efficient and accurate when executed correctly. In the Omega II card counting system, 2, 3, and 7 are valued at +1, while 4, 5, and 6 are valued at +2. Meanwhile, 9s are valued at -1, 10s and face cards are valued at -2, and 8s and Aces are valued at 0. Using Omega II, the positive card count means that more low-value cards are still in the deck, while the negative number means higher-value cards are in the deck.
The Math Behind Card Counting
Math is a critical component in card counting because you’re essentially adding and subtracting the values assigned to each card to get the most accurate count on the dealer’s shoe. Although the math itself isn’t complex, card counting requires a grasp of concepts like probability, expected value, correlation, and covariance to succeed in winning at Blackjack. Concentration and a good memory help, too!
While we cannot offer suggestions for improving your mental stamina or what you can or can’t remember, we can highlight the key mathematical concepts involved in Blackjack card counting to show you what kind of factor they play in the overall process.
Probability
As Blackjack players drive down the house edge with a strategy, they increase the probability that they will win over the dealer. However, this probability is generally under 50%, and there’s still no guarantee they’ll win. For instance, the probability of getting dealt a good hand straight off from the dealer (18 or higher) is only around 27% likely.
The player’s probability of winning is much lower than the dealer’s because the players are the first to act in every hand of Blackjack, giving the house the advantage automatically. However, players can increase their probability of winning by making strategic moves like splitting hands, surrendering a hand, or doubling down.
Expected Value
Expected value (EV) signifies the average gain or loss that players will expect from every hand over time. Another term for expected value is variance. In a table of basic blackjack strategies, specific actions in different scenarios produce the best-expected value.
For example, it’s preferable to always “hit” if your hand value is 16 because the dealer will always or for 17 or higher, even if they risk “busting.” Or it’s never advisable to split a pair of 10s because 20 is a great hand to be dealt immediately.
If you always “hit” at 16 or you always “stand” at 20, you stand the best chance of winning over the dealer because the expected value of these actions is always better than the alternative action. However, because there’s variance in how the results shake out based on random chance, the actions that increase your likelihood of success aren’t always guaranteed. There’s always the chance you bust when “hitting” on 16 or that the dealer gets a 21 despite you having 20.
Expected Profit
- The rules of the Blackjack game in progress
- The efficiency of the system creates a player advantage
- The efficiency of the system for detecting player advantage and how often players will play an advantageous hand
- The number of players at the table (more members slows the pace of play)
- The pace of play (fewer hands actually leads to better results when it comes to winning)
Conditional Probability
Conditional probability plays a significant role in the math behind card counting. It measures the likelihood of an event occurring, given that another event has already occurred. You can only know the probability of which cards will appear from the dealer’s shoe once you know which cards have already been played.
Once a gambler knows how many high- or low-high-e cards are left in the deck, they can determine the probability that they will draw a higher- or lower value they choose to “hit.”
Bayes’ Theorem
Bayes’ Theorem takes the idea of conditional probability to the next level by letting gamblers find the probability of a cause given its effect. This principle can help gamblers avoid the base-rate fallacy in which people will ignore general prevalence in favor of information about only one case.
Correlation and Covariance
Correlation measures the strength and direction of a linear relationship. On the other hand, covariance measures the direction of said relationship. Both factors are essential in card counting, significantly if correlation and covariance move in the same direction. What you don’t want in card counting is when these two factors move in opposite directions.
Betting Correlation: This is how effectively the card counting system predicts valuable betting situations. The higher the correlation, the better for the bettor to find scenarios where they are likely to win.
The Probability of Certain Cards Being Drawn
Card | Probability |
---|---|
Probability of getting natural Blackjack | 1.20663% (one-deck game) |
Probability of getting Blackjack with the first two cards | 4.82654% (one-deck game) |
Probability of getting 20 points with the first two cards | 10.25641% (one-deck game) |
Probability of getting 19 points with the first two cards | 6.03318% (one-deck game) |
Probability of getting 18 points with the first two cards | 6.48567% (one-deck game) |
Probability of getting 17 points with the first two cards | 7.23981% (one-deck game) |
Probability of getting a good initial hand (18 or higher) | 27.60180% (one-deck game) |
The Hi-Lo System: A Detailed Example
To understand the Hi-Lo card counting system, let’s examine the basic principles better. This will spice up your next Blackjack session!
Assigning Values to Cards
In the Hi-Lo System, you must assign values to each card to keep an accurate count of the deck/decks. Standard card counting for Blackjack using Hi-Lo has the following values:
- 2, 3, 4, 5, and 6 = +1
- 7, 8, and 9 = 0
- 10, Jacks, Queens, Kings, and Aces = -1
For every card you can see during your hand, you develop a running count using the Hi-Lo values to determine the likelihood that the remaining deck has more high or lower cards. Higher cards tend to benefit the player, while lower cards tend to benefit the dealer.
Maintaining a Running Count and a True Count
Let’s say you hold a 10 and a 4 in your hand, and the dealer’s up card is a 7. Your current running count would stand at 0, which means the favorability of winning isn’t entirely clear. If it was a negative number, the advantage lies with the dealer, while a positive number would put the advantage on the player’s side.
You would also incorporate any other cards you get when “hitting” into the count. Once you get a true count of the dealer’s shoe, you’ll want to divide by the number of decks being used, but you have to account for the cut, too, which is where the current shoe ends.
Let’s say you have a true count of +36, and the dealer uses 6 decks in the shoe. The count comes down to 6, but you must factor in the cut, and in this case, you believe that it cuts off 1-2 decks. Now, the count comes down to 4 or 5, so you should bet 3 or 4 units depending on how well you feel about the accuracy of your count.
Adjusting the Bet Size
Your bet size needs to be scaled up or down based on your determined running count. For instance, if you discover the true count of the dealer’s shoe is +2, then you’ll take advantage of this favorability and possibly up your stake. On the other hand, you might run into a true count of -1 or -2, which means that the odds are incredibly stacked against you. In this case, you might surrender your hand if that’s an option (half of your stake is returned, while the house keeps the other half).
Advanced Card Counting Techniques
Now that we’ve reviewed and highlighted some of the basic card counting techniques, let’s delve into some more advanced maneuvers that professionals and seasoned players use to increase their odds of winning against the house in blackjack more often than not.
1- Shuffle Tracking
This technique is common with shoes that have six to eight decks. Dealers cannot promptly achieve an utterly random shuffle using four or more decks of cards. As a result, you tend to get clumps or zones of higher-value cards like 10s, face cards, or Aces that appear in specific patches within the dealer’s shoe.
The idea of shuffle tracking is that players will watch where these high-value cards fall in the dealer’s discard tray. Then, they watch where these cards appear after the shuffle is complete. Shuffle watchers will then cut the zone to the top of the shuffled stack and bet big when these higher-value cards are dealt.
While it’s not a foolproof plan for increasing your odds or even winning at Blackjack, shuffle tracking can help players determine where the highest-value cards are in the dealer’s shoe. Players can become more effective in placing strategic bets throughout the session and get better hands as a result!
2- Cut Card Tracking
In a game of Blackjack, the dealer shuffles the deck and then has a player cut the deck at a random place. The dealer then takes the top part off the cut and puts it on the bottom, with that cut card at the bottom. The dealer then inserts a second cut card into the deck to establish the next reshuffle point.
The idea behind cut card counting is to identify the cut card’s location to get the deck’s true count correct. Wherever that cut card cards could mean one to two decks could be cut off from the current shoe before the reshuffle occurs. Tracking the cut card can give you a better running count, which will help you get your true count and stake correct.
3- Team Play
Team play involves coordinating several skilled players to maximize the accuracy of the count. The players are usually positioned at different tables, but they each contribute a share of the team bankroll.
Advantages
- Team cooperation leads to motivational support amid a lousy session
- Players can help one another sharpen their skills and keep each other accountable to best practices or strategies
- Playing in teams allows Expected Value to catch up to Standard Deviation much quicker
Disadvantages
- Working in a team can lead to miscommunication, which could jeopardize the strategy
Card Counting in Practice
There are many practical considerations regarding DS during blackjack, including effectively managing your money, choosing the right games that suit your strategy and approach, and avoiding the casino staff while executing your card counting plan.
Bankroll Management
To withstand the winds of variance in Blackjack, it’s key to have a big enough bankroll to take risks in upping your bet and to have enough to cover potential losses that come with the game. If you come into Blackjack with too little money, you’ll quickly burn through your bankroll and be out of the game.
Follow these best practices to manage your bankroll when you play Blackjack effectively:
- Find out what the minimum bet is at the table. If it is $10, for example, $10 will become your betting unit.
- The best approach to playing Blackjack without burning through your bankroll is to start with at least 200 units. If the betting unit is $10, you’ll want to have $2,000 at the table to ensure you don’t go broke.
- Once you have mastered your card-counting method, begin your running count to get as close as possible to the true count of the remaining shoe.
- Once you divide the true count by the number of decks used, you’ll use this number to determine how many betting units you’ll stake on this hand. Bet the true count minus one unit.
- If your running count is +24 and you know that the dealer uses eight decks of cards, the true count is +3, so you should be 2 units. If the minimum bet is $10, your stake should be $20.
Something else worth mentioning regarding bankroll management and Blackjack play is that you should try to keep your buy-in and your initial bet proportionate so as not to arouse suspicion from the casino staff. We’ll cover this in more detail in our section addressing camouflaging, but it’s something to keep in mind when gauging your budget and betting unit.
Table Selection
Choosing the right table and game conditions will ultimately affect your card-counting strategy. Here are a few things to consider when deciding which Blackjack game you want to play and how to tailor a card-counting strategy around these specific conditions:
- Look at the house edge for each Blackjack game. The house edge can differ based on the game’s rules, the number of decks used, or betting options.
- Find out if the Blackjack game has rules that give the player an edge, such as splitting pairs or doubling down.
- Look at the table limits to see if they work for your personal budget and betting strategy. Doing so can help you avoid overspending or taking unnecessary risks.
- Pay attention to the number of decks being used in a single shoe. You can tailor your playing or betting strategy based on this fact. The more decks in play, the more likely you won’t get a Blackjack because getting an Ace of any card valued at 10 is less frequent.
Camouflage
Although counting cards isn’t illegal, casinos frown upon it because it cuts into their profits. They don’t care for players who are two steps ahead and gaming the system to their advantage. If a player is caught counting cards, the casino has every right to limit that player’s actions (a backoff) or to outright ban them from the establishment.
To execute a successful card counting strategy and to avoid getting heat from the casino staff, you best put these camouflaging strategies into practice as soon as you can:
- Make your playing sessions short and quick. Prolonged time spent at any given table will arouse suspicions among the casino staff.
- Don’t feel uncomfortable losing some hands. The more minimal losses you can incur, the more you will appear like an ordinary player.
- Avoid sitting around at the table if you’re not playing a hand. A counter can be spotted quickly if they’re hanging around the table for the shuffle.
- Keep your buy in and your initial bets proportionate to one another. It would look odds to the dealers and staff if you bought in for $1,000 or more and only bet $25 to start.
Remember These Things About Card Counting
Card counting isn’t an illegal practice, but it’s a highly unusual and unpopular strategy with casinos, and they do everything in their power to punish card counters when they spot them. Not only is it important to use a sound card-counting strategy, but it’s also crucial to execute these techniques to avoid detection by the casino staff or security team.
Key Takeaways
- Use these card-counting techniques only during real-life Blackjack games at land casinos. You can’t apply them in online games.
- Practice card counting at home, not during the actual gambling session.
- The Hi-Lo System is the most widely used card counting approach due to its accuracy and ease of learning.
- Use strategies like “hitting” or “standing,” surrendering your hand, doubling down, or splitting hands to increase your chances of winning.
- Start with at least 200 units when putting together your bankroll to have enough money to stay afloat or grow.
- Keep your sessions short. This will help you avoid being detected by the casino as a card counter and statistically improve your expected value and profit.
- Come across like a recreational Blackjack player. Order drinks, talk with the dealer, use the bathroom, and act casually. You’ll be spotted quickly if all you’re doing is keeping an eagle eye on the deck and the shuffle.
- Remember that Blackjack has a variance, so an increase in the probability of winning doesn’t always convert into an actual win.
- Choose Blackjack games with the betting limits, rules, and number of decks that work best for your chosen strategy.
- In the best-case scenario, you have a 40-50% chance of winning a hand of Blackjack, so adjust your expectations accordingly.
Once you begin understanding the mathematics of card counting and how this can affect the probability of you winning or losing each hand, you can make smarter moves on placing the right stake, know better when to “hit” or “stand,” or know when it’s time to surrender your hand, double down, or split your hand.
NOTE:It’s essential to practice card counting before heading to the nearby land casino to effectively put the strategy into practice while also putting on your best act as a recreational player.
One of the best ways to practice and refine card counting skills is to learn as much as possible about the subject through online forums, articles, blogs, or videos. The more familiar you become with the concepts and the more you can practice counting with your simulations, the sooner you can begin your strategy on the Blackjack tables!
The 6 Most Luxurious Casinos Around the World (and How to Visit Them)
Walking into a luxurious casino feels like you are transported into another world—a place where every single detail is designed to elicit “ooohs” and “aaahs,” and the air feels like it is actually infused with indulgence and exclusivity. These places aren’t just for gambling; they’re about experiencing the tippy top of luxury, and the surroundings are a work of art.
We are going to take a bougie trip to some of the most extravagant casinos around the world, seeing what exactly makes each one so special, from their stunning architecture to the first-class amenities that bring in the rich, the famous, and the high rollers. And because daydreaming about these places is fun, but visiting them would be amazing, we’re gonna give you some tips on how you can make it a reality—whether it’s a quick weekend getaway or a once-in-a-lifetime trip that will exceed your vacay expectations!
Ready to learn all about six of the world’s most luxurious casinos? Pack your bags, make sure your passport is current, fasten your seatbelt, and return your seat to the upright position—we’re taking off!
What Defines a Luxury Casino?
Luxury casinos are so much more than just places to gamble—they’re destinations that fuse high-end gaming with lavish amenities and world-class services. They’re establishments that cater to an elite clientele who expect nothing short of excellence in every aspect of their stay. But what exactly sets a luxury casino apart from a regular casino? A lot, actually!
Characteristics of a Luxury Casino
We don’t really have to define what makes a luxury casino luxurious—you just know one when you see it. But we are going to tell you the characteristics anyway! Be warned: we will be using the word “luxury” a lot, as it can’t be overstated for the purposes of this topic.
- Extravagant Design and Architecture: The architecture of a luxury casino is usually its most noticeable feature, at least to the naked eye. They are meticulously designed to be eye-poppingly gorgeous, with grand entrances, luxurious interiors, and art that could rival a museum. The Monte Carlo Casino in Monaco is beloved for its opulent decor: there are crystal chandeliers, frescoes, and gilded ceilings, making it an architectural marvel that doesn’t just speak—it screams—to the wealth and glamour of Monaco.
- Exclusive Gaming Rooms for High Rollers: Luxury casinos have exclusive spaces where high-stakes players can have a private and elite gaming affair. These rooms are just for obscenely high betting limits—it’s a quiet and lush atmosphere. The Bellagio in Las Vegas is famous for its high-limit poker room known as “Bobby’s Room,” where professional players gather for games with blinds that can exceed $4,000/$8,000.
- Michelin-Starred Restaurants and Fine Dining: Dining at a luxury casino is an adventure unto itself—most house Michelin-starred restaurants where the culinary offerings are as varied as the slot machine options. The Wynn Macau boasts several award-winning dining establishments, including those helmed by celebrity chefs with everything from gourmet steaks to exquisite seafood dishes.
- Luxurious Hotel Accommodations: The accommodations in a luxury casino are nothing short of spectacular—guests can expect to stay in suites with stunning views, elegant decor, and top-of-the-line amenities. The Wynn Macau has over 2,000 deluxe suites embody Venice’s elegance and romanticism, complete with gondola rides through its indoor canals.
- World-Class Entertainment: Entertainment is a huge draw at luxury casinos, and they host concerts by world-famous artists, Broadway-style shows, and have high-end performances that cater to their affluent guests. Even the water performs—The Bellagio’s famous fountains perform a show that’s set to music and lights. The water!
- High-End Shopping: Luxury casinos always have out-of-this-world shopping, with couture for days in high-end boutiques and designer stores that have everything from the latest runway fashions to high-end jewelry. The Wynn has a Chanel and Louis Vuitton in the lobby—there’s always some upscale shopping.
- Spa and Wellness Facilities: After a long day of gambling and exploring, guests at a luxury casino can unwind in world-class spas that have treatments that will pamper and rejuvenate. The Marina Bay Sands in Singapore is home to the Banyan Tree Spa, which has both breathtaking views of the city and luxurious, relaxing treatments.
The Role of Service and Exclusivity
Personalized service and exclusivity are the linchpins of any luxury casino trip. Guests are treated like literal royalty (and they have had royals stay there), with staff anticipating their every need and delivering a discreet and attentive service. VIP services, like private gaming salons and dedicated concierge teams, guarantee that every single aspect of the guest’s stay is tailored to their preferences. You’re the VIP!
Celebrity Guests and Famous Events
Luxury casinos are not just exclusive playgrounds for the uber-rich; they are also frequented by celebrities and host some of the world’s most prestigious events. The Bellagio has long been a hotspot for celebrity poker tournaments, attracting famous players like Daniel Negreanu and Phil Ivey. Meanwhile, the Monte Carlo Casino has long been a favorite among European royalty and Hollywood stars, with its storied history and luxurious surroundings making it a no-brainer for high-profile events.
These casinos combine beautiful design, exclusive gaming, fine dining, and unparalleled service to create a place where guests can indulge in the finest things life has to offer. These establishments are more than just places to gamble—they are hot spots that give visitors a chance to sit in the lap of luxury.
A Global Tour of the Most Luxurious Casinos
Luxury casinos sit in spots all around the world, and each one has its own kind of opulence, entertainment, and high-stakes gaming that attracts the world’s elite. From the dazzling lights of Las Vegas to the historical grandeur of Monte Carlo, they aren’t just places to play blackjack—they’re destinations where the entire experience is sure to leave a lasting impression. We’re going on a trip that will showcase the most extravagant casinos that set the bar for luxury and sophistication. It doesn’t matter if planning a lavish getaway or simply want to indulge in a little virtual wanderlust; these six casinos represent the apex of what the gaming world has to offer!
1. Monte Carlo Casino – Monaco
The Monte Carlo Casino is the epitome of elegance and opulence, standing as one of the most iconic gambling destinations in the world. Located in the center of Monaco, this casino is not just a place to play games; it’s a symbol of luxury and sophistication. The casino’s stunning Belle Époque architecture, designed by the legendary Charles Garnier, who, fun fact, also designed the Paris Opera, reflects its historical importance. Built in 1863, the Monte Carlo Casino has been a lodestar of glamour for over a century, bringing in the world’s elite, including royalty and celebrities, and playing a major role in shaping Monaco’s image as an amusement park for the rich and famous.
The interior of the casino is just as breathtaking as its exterior, with marble columns, gilded ceilings, and intricate frescoes that transport visitors back to a time of grandeur. It’s not only a casino but a cultural landmark, having hosted tons of prestigious events, from operas to ballets, that only add to its status as a hub of luxury and culture.
Unique Features
The Monte Carlo Casino has several unique features that distinguish it from other luxury casinos around the globe. One of its most notable aspects is the exclusive gaming rooms, private rooms that cater to high rollers who want privacy and a more refined gaming experience. The Salle Blanche Lounge has gaming tables on a terrace that overlooks the Mediterranean Sea, which is a truly exceptional time for its VIP guests.
The casino’s location adds to its allure—situated on the Mediterranean coast, the views from the casino are nothing short of spectacular, with luxury yachts docked in the distance. The casino’s proximity to other major attractions in Monaco, like the Formula 1 Grand Prix circuit and the Monaco Yacht Show, makes it a central piece in the principality’s luxurious appeal. Visitors can spend their days checking out the nearby attractions and their nights partaking in the exclusivity of the casino.
In addition to its gaming rooms, the Monte Carlo Casino also houses exquisite dining options, like the Michelin-starred Train Bleu—upscale Italian cuisine in a setting that harks back to the golden age of rail travel. The Salon Rose, another dining option, fuses Asian and Mediterranean flavors, giving guests a delicious culinary affair with amazing views of the sea.
How to Visit
As for visiting the Monte Carlo Casino, which is a bucket-list adventure for many, there are a few things to keep in mind to make the most of your visit.
- The casino is open to visitors from 10 AM to 1 PM for tours, and the gaming rooms are open from 2 PM until 4 AM.
- To access the gaming rooms, you’ll need to be at least 18 years old and present a valid photo ID, like a passport or a driver’s license.
- Citizens of Monaco are actually prohibited from entering the casino—which is weird—but this only adds to its mystique.
The dress code at the casino is strict, particularly in the evening when classy attire is required. Gentlemen are expected to wear jackets, while ladies opt for evening dresses or cocktail gowns. During the day, the dress code is a little more relaxed, but it’s still advisable to dress well so you don’t stick out like a sore thumb or feel out of place.
When it comes to accommodation, there are several high-end hotels nearby that complement the luxurious feel of the casino.
- The Hôtel de Paris Monte-Carlo, located right next to the casino, is one of the top choices, and has gorgeous rooms and suites, as well as Michelin-starred dining options.
- Another excellent option is the Fairmont Monte Carlo, which is just a short walk from the casino and has the same stunning views of the Mediterranean, along with its own variety of luxury amenities.
Monte Carlo is easily accessible by air, with the nearest airport being Nice Côte d’Azur Airport, about a 30-minute drive away. From there, you can reach Monaco by car, helicopter, or even take a scenic train ride along the coast.
Whether you’re there for the gaming, the history, or just to soak in the atmosphere and rub elbows with the elite, visiting the Monte Carlo Casino is a trip that has luxury, culture, and high society.
2. The Venetian – Las Vegas, USA
The Venetian in Las Vegas is a striking building and is a glowing tribute to the charm and romance of Venice, Italy, with an unmatched level of grandeur on the Las Vegas Strip. This mega-resort is a mix of Italian elegance and Vegas extravagance, making it one of the most iconic destinations in Sin City. From the second you walk inside, you’re taken to a world where Renaissance Venice meets the high-energy atmosphere of modern Las Vegas. The Venetian redefines what it means to stay in a luxury hotel in Las Vegas with its intricate architecture, lavish decor, and an assortment of luxurious amenities.
Unique Features
In our opinion (and we aren’t alone), the most noticeable aspect of The Venetian is its meticulous recreation of Venice’s most famous landmarks. The resort has replica canals complete with gondola rides, where guests are able to glide along the water under a painted sky, serenaded by singing gondoliers. This is a hallmark of The Venetia—a romantic and immersive taste of Italy right smack in the center of a desert town.
The resort boasts one of the largest casino floors in the city, covering 120,000 square feet. It’s a paradise for gamers, with a huge variety of slot machines, table games, and poker rooms. The Venetian also has high-limit areas for those looking for a more exclusive gaming spell. The casino’s design, with its marble floors and hand-painted ceilings, adds a level of sophistication that singles it out from the other casinos on the Strip.
The accommodations at The Venetian are another highlight—every room is a suite, and even the standard Luxury King Suite has a whopping 650 square feet of space (that’s a lot for a hotel room), a sunken living room, and a marble bathroom with a Roman tub. The suites give visitors a perfect blend of comfort and luxury, making them an ideal retreat after a day of adventures or gambling.
In addition to its luxurious accommodations and expansive casino, The Venetian is celebrated for its world-class entertainment. The resort regularly hosts top-tier shows, including performances by Cirque du Soleil and the Blue Man Group. For those looking to partake in the nightlife, TAO Nightclub has an extravagant atmosphere with Asian-inspired decor and some of the biggest DJs in the world spinning. Meanwhile, the Venetian Theater hosts concerts and events as well, which means more entertainment that caters to all tastes.
Dining at The Venetian is another escapade in itself, with a range of options that cater to every palate. From the fine dining of Mott 32, which specializes in Chinese cuisine, to Delmonico Steakhouse by Emeril Lagasse, the resort’s restaurants are among the best of the best in Las Vegas. The Grand Canal Shoppes also have luxury shopping, with a mix of high-end boutiques and couture stores, all set against the backdrop of Venetian-inspired architecture.
How to Visit
Planning a trip to The Venetian is more than just booking a room; you are curating an excursion that will let you fully enjoy everything the resort offers. The Venetian is located on the north end of the Las Vegas Strip, making it easily accessible from McCarran International Airport. If you’re driving, the resort has lots of parking, including valet service for guests.
When booking a suite, think about the kind of visit you want—The Venetian has a number of suite options, from the standard Luxury King Suite to more opulent rooms with extra amenities and better views.
For the best deals, it’s worth checking the resort’s website directly, as they sometimes have promotions that include discounts on suites, dining, or entertainment packages.
The Venetian is not just about where you lay your head; it’s about what you do while you’re there. Make sure you book tickets for shows you want to see in advance, as popular performances like Cirque du Soleil sell out fast! For dining, reservations are highly recommended, especially for the more exclusive restaurants like Bouchon by Thomas Keller or the TAO Asian Bistro.
When it’s time to explore the resort, set aside an hour to enjoy a gondola ride along the Grand Canal, and don’t miss the chance to walk through St. Mark’s Square, where you can take in street performances and pop into the high-end shops. If relaxation is on your agenda, the Canyon Ranch Spa + Fitness has a host of treatments designed to pamper and rejuvenate.
And don’t you dare forget to explore the surrounding area! The Venetian’s central location on the Strip means you’re within walking distance of so many other famous resorts and attractions. The nearby Wynn Las Vegas has a ton of dining and entertainment options, while the Mirage, which sits just across the street, is home to the iconic volcano show.
3. Marina Bay Sands – Singapore
Marina Bay Sands is a modern architectural marvel that has quickly become an iconic symbol of Singapore. Its futuristic design, featuring three 55-story towers connected by a massive rooftop SkyPark, is a testament to cutting-edge engineering and luxury. The rooftop infinity pool, which looks like it is floating above the city skyline, is a breathtaking feature that brings in visitors worldwide. This hotel and entertainment complex is more than just a place to stay—it’s a destination that redefines luxury in the heart of Singapore.
Unique Features
Marina Bay Sands is fabled for its SkyPark, a massive platform that sits atop the three hotel towers. This SkyPark has a 150-meter-long infinity pool where guests can swim or float with an unparalleled view of Singapore’s skyline. Lounging by this pool, especially at sunset, is something that leaves an impression on every visitor.
The resort also has a luxury shopping mall that houses some of the world’s most prestigious brands. Designed with a sleek, modern aesthetic, the mall has high-end shopping alongside novel attractions like an indoor canal, where visitors can take boat rides! Dining at Marina Bay Sands is equally impressive, with restaurants led by celebrity chefs like Gordon Ramsay and Wolfgang Puck—it’s a solid range of gourmet cuisines.
Another highlight is the ArtScience Museum, which merges art and science in a series of interactive exhibits. The museum’s lotus-shaped structure is an architectural “wow” and a cultural hub hosting rotating exhibitions from everywhere.
The casino at Marina Bay Sands is one of the largest in the world, with every gaming option spread out over four levels. With over 600 table games and 1,500 slot machines, it caters to both casual gamers and high rollers. The beautiful design of the casino floor, combined with its huge selection of games, makes it a main attraction within the resort.
How to Visit
Planning a trip to Singapore and staying at Marina Bay Sands is a memorable adventure—but it does take some preparation. Singapore is a major international destination, easily accessible via Changi Airport, which has direct flights from numerous global cities. Once in Singapore, reaching Marina Bay Sands is no sweat—there are taxis, public transportation, and private transfers available.
When booking a stay at Marina Bay Sands, check out the different room types, particularly those with views of the Gardens by the Bay or the city skyline. Booking directly through the hotel’s website is advisable to secure the best rates and access exclusive amenities, including that amazing infinity pool.
It’s super important for international visitors to check visa requirements before traveling to Singapore! Most nationalities can enter Singapore without a visa for short stays, but it’s always smart to confirm based on your country of origin.
Singapore’s public transport system is solid and well-connected, so it is easy to get around and explore other attractions near Marina Bay Sands, like the Merlion, Clarke Quay, and Orchard Road
4. Casino de Ibiza – Ibiza, Spain
Casino de Ibiza is a chic, modern destination for those who want to take advantage of both high-end gambling and the amazing nightlife that Ibiza is famous for. Located within the luxurious Ibiza Gran Hotel, this casino is a beacon of elegance and sophistication on the island. It combines the allure of a stylish gambling venue with the energetic vibe of Ibiza’s party scene, making it a must-visit for both locals and tourists. Whether you’re looking to try your luck at the tables or just soak in the upscale atmosphere, Casino de Ibiza is a novel mix of entertainment and luxury.
Unique Features
Casino de Ibiza is not just any casino; it’s a carefully curated affair created to match the high standards of Ibiza’s elite. The casino has exclusive gaming rooms where high rollers can gamble privately and top-notch service. The design of the casino is sleek and modern, with interiors crafted by Spanish architect Patricia Urquiola, giving it a sophisticated, James Bond-esque feel.
The casino’s biggest advantage? The proximity to some of Ibiza’s best beach clubs and nightlife spots. After a day spent lounging on the beach or partying at venues like Ushuaïa or Pacha, you can head over to the casino for a night of gaming. The casino is also known for its VIP packages, which include private gaming sessions, personalized services, and access to exclusive areas of the casino.
Additionally, the casino is located within the Ibiza Gran Hotel, which offers luxurious accommodations and world-class amenities. Guests can partake in Michelin-starred dining at the hotel’s La Gaia restaurant, relax at the Aqua Spa, or take in the stunning views of the Mediterranean Sea from their suites.
How to Visit
Planning a trip to Ibiza and visiting Casino de Ibiza requires a bit of prep, especially if you want to see the best of what the island has to offer. Ibiza is easily accessible by air, with Ibiza Airport welcoming direct flights from all major European cities. Once on the island, taxis and private transfers are readily available to take you to the casino, which is located in Talamanca, just a short drive from Ibiza Town.
The best time to visit Ibiza really depends on what you’re looking for!
- If you’re more interested in taking in Ibiza’s famous nightlife and beach clubs, the summer months (June to September) are better, as this is when the island is at its most energetic.
- But if you want a more chill atmosphere, visiting in the shoulder seasons of May or October could be more your speed.
When planning your stay, you’ll want to book at one of the top hotels that are located near the casino. The Nobu Hotel Ibiza Bay, which is nearby, is a great option for those looking for luxury. This hotel is a serene escape with its beachfront location, luxurious rooms, and world-class dining options. For those who want a more lively atmosphere, the Ushuaïa Ibiza Beach Hotel is an adult-only affair with daily pool parties and live DJ performances.
As for dining, beyond the eats at the Ibiza Gran Hotel, Ibiza is home to several acclaimed restaurants. In addition to La Gaia, you can hit up other high-end dining options like Lío, which is fine dining with cabaret performances, or head to the legendary Nobu Ibiza Bay for an unforgettable culinary journey.
Before visiting Casino de Ibiza, be sure to check the dress code and entry requirements! The casino has a relaxed but smart dress code—flip-flops and beachwear are a no-no, so it’s best to dress in chic, semi-casual attire. Remember to bring a valid photo ID, as entry is restricted to anyone who is under 18 years old!
5. Wynn Macau – Macau, China
Wynn Macau is a symbol of luxury and opulence in Macau, often referred to as the “Vegas of the East.” Situated on the bustling Macau Peninsula, this resort exemplifies the fusion of Western extravagance and Eastern elegance, making it a premier destination for high rollers and luxury seekers alike. From its grand architectural design to its high-end services, Wynn Macau has established itself as a cornerstone of Macau’s energetic gaming and hospitality scene. The resort is not simply a place to stay; it’s a complete excursion that immerses guests in a world of indulgence and sophistication.
Unique Features
Wynn Macau is famous for its meticulously crafted interiors, which show an utter commitment to luxury at every turn. As you enter the resort, grand chandeliers illuminate spaces adorned with rich gold accents and intricate details that speak to the level of thought put into the design. The atmosphere is both luxurious and inviting, making it clear why Wynn Macau is a popular choice for the world’s elite.
Wynn Macau’s VIP gaming rooms are the perfect setting for those who want a more exclusive time. The rooms are designed with privacy and luxury in mind, delivering high-stakes players to an environment that matches their status. The services here are tailored to guarantee that every need is met, from personalized gaming assistance to bespoke dining options that are brought directly to the gaming rooms. The attention to detail in these spaces underscores the resort’s dedication to unparalleled gaming.
Dining at Wynn Macau is another aspect that separates it from other luxury resorts. It’s home to several Michelin-starred restaurants, each with a different culinary spin. Guests can enjoy authentic Cantonese cuisine at Golden Flower, where dishes are crafted with precision and artistry. For those in the mood for something more contemporary, SW Steakhouse is a modern take on classic steakhouse fare, blending traditional techniques with innovative flavors. Each dining venue at Wynn Macau is designed to provide not just a meal but a culinary affair that delights the senses.
Wynn Macau is also a shopping haven, featuring an array of high-end retail outlets where guests can find luxury goods from the world’s most prestigious brands. Whether you’re looking for haute couture, fine jewelry, or bespoke accessories, the shopping at Wynn Macau is tailored to those with a taste for the finer things in life. The retail spaces within the resort are designed with the same attention to detail as the rest of the property.
The spa at Wynn Macau is a sanctuary of relaxation and rejuvenation for guests who are looking to unwind. The spa menu offers a variety of treatments that use traditional Chinese techniques and modern wellness practices—a holistic approach to relaxation. The spa’s design, with its calming decor and serene ambiance, complements the treatments so that every guest leaves feeling refreshed and revitalized.
The casino floor at Wynn Macau is a shrine to the resort’s commitment to providing world-class gaming. Spanning over 205,000 square feet, the casino has every game imaginable, including Western classics like blackjack and roulette, and Chinese favorites like baccarat and sic bo, which reflects the cultural diversity of Macau and means there is something for every type of player, from novice to high roller. The gaming floor is also equipped with state-of-the-art technology, which is a bonus.
How to Visit
Traveling to Macau is pretty simple, and there are several options available depending on your location. For international travelers, the most common route is to fly into Hong Kong International Airport, followed by a ferry ride or helicopter transfer directly to Macau. The ferry ride is a popular choice because of the amazing views of the South China Sea, and takes about an hour to reach Macau. Alternatively, Macau International Airport services direct flights from major cities across Asia, a more direct route for those traveling within the region.
Once in Macau, getting to Wynn Macau is easy—the resort is centrally located on the Macau Peninsula. The resort has limo services for guests who want a private and fancy mode of transportation, and taxis are available as a quick and convenient option.
When booking accommodations at Wynn Macau, planning ahead is advisable, especially if you’re interested in staying in one of the VIP suites or booking exclusive gaming rooms. These accommodations are highly sought after for their privacy, luxury, and access to exclusive areas of the resort. Wynn Macau also has a variety of packages that include dining, spa services, and gaming credits, so guests can customize their stay according to their preferences.
Exploring Macau Is a Rewarding Adventure
As the city has a mix of Portuguese and Chinese culture that is seen in its architecture, cuisine, and traditions. The historic center of Macau, a UNESCO World Heritage site, is just a short distance from Wynn Macau and gives a fascinating glimpse into the city’s colonial past. The cobblestone streets, colonial buildings, and traditional Chinese temples show off the history and culture that is unlike any other place in the world.
For those who are interested in exploring the local culture, a visit to the Ruins of St. Paul’s, the A-Ma Temple, and Senado Square is a must. The sites are a window into Macau’s past and present, showcasing the city’s mixture of East and West. Additionally, the Macau Museum gives an in-depth look at the city’s history, culture, and traditions, making it a great starting point for those who want to learn more about this destination.
Back at Wynn Macau, the adventure continues with nightly entertainment options that go from world-class performances to intimate live music sessions. The resort’s theaters and lounges are designed to provide the perfect setting for a night out, whether you’re in the mood for a grand production or a more relaxed evening of jazz and cocktails.
6. Sun City Resort – South Africa
Sun City Resort is a premier destination nestled in the North West Province of South Africa. Known as the “Kingdom of Pleasure,” it offers a unique blend of luxury, entertainment, and natural beauty. Set against the striking backdrop of the Pilanesberg National Park, Sun City has evolved into one of South Africa’s most famous resorts since it opened in 1979. The resort is not just a hotel or casino; it’s an expansive entertainment complex that caters to all interests, from high-end gaming and luxury accommodations to adventurous outdoor activities and wildlife safaris. The resort’s design, inspired by African themes, merges opulence with the rugged beauty of the surrounding landscape, making it a must-visit destination for both local and international travelers!
Unique Features
Sun City Resort is where luxury meets adventure. The Palace of the Lost City is the crown jewel of the resort, an architectural wonder that draws inspiration from the myth of a lost African kingdom. This hotel is a masterpiece, with posh rooms and suites, each adorned with intricate mosaics, frescoes, and other luxurious details. The gardens surrounding the hotel are lush and meticulously maintained for an environment of tranquility and elegance. The Palace also offers exclusive dining and a grand swimming pool.
For golf lovers, Sun City has two of South Africa’s top golf courses:
- The Gary Player Country Club is a prestigious course that hosts the annual Nedbank Golf Challenge, attracting top golfers from around the world.
- The Lost City Golf Course, with its wild layout and a water hazard that is home to live crocodiles, adds an adventurous flair for the duffers.
The courses are set against the dramatic landscape of the African bush, so it’s a challenging game with breathtaking views.
The Sun City Casino is a major draw for visitors, offering all of the gaming options. The casino has over 850 slot machines and table games, including blackjack, roulette, and poker. The casino’s luxurious interiors create an atmosphere of excitement and sophistication, making it a bustling hub within the resort. Regular gaming tournaments and events add to the dynamic energy there is always something happening for gamblers!
The Valley of Waves is another highlight of Sun City—it is an extensive water park designed to resemble a tropical paradise, with a huge wave pool that generates waves up to 1.8 meters high. Surrounding the pool is a sandy man-made beach, perfect for sunbathing and relaxation. The park also has water slides, ranging from gentle rides for the kiddos to more intense slides. There’s also a lazy river! Park yourself on an inner tube and float the afternoon away—the Valley of Waves is a versatile attraction that is great for all ages.
Sun City’s location next to Pilanesberg National Park means visitors have the chance to combine luxury with a safari. Pilanesberg is home to the Big Five—lion, leopard, rhino, elephant, and buffalo—and has several safari adventures. Guided game drives, available both during the day and at night, give visitors a chance to see these magnificent animals up close in their natural habitat. For those looking for a slightly elevated perspective, hot air balloon safaris are the ticket, with stunning aerial views of the park’s diverse landscapes and wildlife.
The resort also has several world-class spas, where guests can indulge in treatments designed to replenish both body and mind. The Royal Salon at The Palace is particularly well-known for its luxurious treatments, which include massages, facials, and body wraps. The spas are a peaceful retreat within the bustling resort, giving every guest the opportunity to relax.
How to Visit
Planning a trip to Sun City involves several steps to guarantee a fun and memorable trip. Most visitors begin their journey by flying into Johannesburg’s OR Tambo International Airport, which is well-connected to major cities worldwide. From Johannesburg, Sun City is about a two-hour drive. Visitors can rent a car, arrange for a private transfer, or take advantage of shuttle services that offer convenient and comfortable transportation to the resort. The drive itself is scenic, taking travelers through the South African countryside, with the option to stop at various points of interest along the way!
Accommodation at Sun City caters to a host of preferences, from the lavish suites of The Palace of the Lost City to the more family-friendly Cabanas. Each hotel within the resort has a distinct atmosphere, so guests can choose the one that best suits their needs. It’s advisable to book accommodations far in advance, particularly during peak seasons like South African school holidays or during major events like the Nedbank Golf Challenge. Sun City often has special all-inclusive packages that encompass accommodations, dining, and access to different attractions.
For those interested in combining their visit with a safari, Pilanesberg National Park is a solid choice. The park offers all kinds of accommodations, from luxury lodges to more rustic camps, catering to different tastes and budgets. Visitors can choose from a variety of safaris, including guided game drives, hot air balloon safaris, and even walking safaris for a more intimate encounter with nature. Pilanesberg’s proximity to Sun City makes it easy to enjoy both the excitement of the resort and the African wilderness.
Sun City is also an excellent destination for family vacations—the resort’s range of activities means that there is something for everyone, from the youngest kids to adults. The Valley of Waves is a favorite for families—it’s a safe and fun environment for children to play and do all kinds of water-based activities. Additionally, the resort has programs and entertainment options specifically designed for children, including Kamp Kwena, which has supervised activities and educational excursions. Animal World is another family-friendly attraction where children can learn about wildlife and conservation in a fun and interactive way.
Dining at Sun City is an affair all its own, with a variety of restaurants with cuisines from around the world. Whether you’re looking for a casual meal or fine dining, Sun City’s restaurants cater to all tastes. Most of the resort’s dining venues are located within the hotels, so it’s convenient for guests to have a meal without leaving the property. In the evenings, Sun City comes alive with entertainment options, including live music, bars, and nightclubs—the nightlife scene continues long after the sun sets.
Picking the best time to visit Sun City all depends on your preferences!
- The dry season, from May to October, is great for safari enthusiasts, as the cooler weather and sparse vegetation make wildlife easier to spot. This season also offers mild temperatures and clear skies, making it nice for outdoor activities.
- The green season, from November to April, brings warmer weather and occasional rain showers, changing the surrounding landscape into a lush, green paradise. This is also the busiest time of year at Sun City, as visitors are taking advantage of the school holidays.
How to Experience These Casinos Like a VIP
Experiencing a luxury casino like a VIP is all about indulging in exclusive perks, personalized services, and top-tier accommodations! If you’re planning a special trip or looking to make the most of your next casino visit, our tips will help you unlock the full VIP package.
Booking VIP Packages and Experiences
To elevate your visit, you should think about booking VIP packages that grant you access to luxury suites, private gaming rooms, and exclusive entertainment options. Resorts like The Venetian in Las Vegas have suites with personal butler service, entry to private lounges, and priority reservations at the best dining spots.
VIP gaming packages include access to high-limit tables and private gaming areas, where the environment is tailored for a more intimate and personal experience. These packages include complimentary drinks, dedicated croupiers, and access to private events.
Navigating High Roller Perks
For those who qualify as high rollers, a bevy of exclusive benefits await. High rollers usually enjoy complimentary stays in premium suites, access to private lounges, and personalized concierge services that arrange everything from dining to transportation. And high rollers often get invitations to exclusive gaming events and access to higher betting limits—it’s def an upscale gaming experience.
Taking Advantage of Casino Loyalty Programs
Loyalty programs will maximize your casino experience—frequent visitors earn a lot of benefits, including free hotel stays, dining credits, and invitations to exclusive events. As you ascend the tiers of these programs, the perks increase—top-tier members at casinos like Wynn get luxury gifts, personal account managers, and priority service throughout the resort.
These programs also offer cashback on losses, faster withdrawals, and other financial benefits, leveling up your overall gaming experience. Enrolling in a casino’s loyalty program guarantees that you reap the full benefits of your visit!
Insider Tips for Getting the Best Deals
Even at luxury casinos, there are ways to secure discounts on accommodations, dining, and entertainment. A good strategy is to plan your visit during less busy times when casinos are more likely to offer promotions. Signing up for the casino’s loyalty program before your visit can also give you access to member-only discounts on rooms and shows.
Using credit card points or travel rewards can also help you save! Most luxury casinos partner with travel agencies or credit card companies to offer exclusive deals to their members. And it never hurts to ask the hotel or casino directly about potential upgrades or discounts, especially if you’re a returning guest or booking multiple nights.
Prepping for Your Visit
Getting ready for a luxury casino trip takes more than just booking a flight and packing your bags—there has to be careful planning and consideration of different factors, including budgeting, packing the right clothes, understanding local customs, and picking the best time to visit. Look below for tips on preparing for your lux casino visit!
A well-thought-out budget is a necessity for making the most of a luxury casino trip without financial stress. Start by determining your total budget, which should include costs for accommodations, gaming, dining, entertainment, and transportation. It’s important to set clear limits for each category and to consider your gaming budget as an amount you’re comfortable losing, not just winning.
To stretch your budget, look for deals and promotions offered by the casino or hotel, such as discounted room rates or package deals that include meals and entertainment. Additionally, think about traveling during off-peak times when rates are lower, and be mindful of hidden costs like resort fees or taxes that might not be included in the initial price.
What to Pack for a High-End Casino Experience
Packing for a luxury casino trip involves more than just throwing some clothes into a suitcase. Focus on bringing outfits that fit the dress codes of the casinos and venues you plan to visit. If you’re heading to Monte Carlo, formal evening wear is a must—the casino enforces a strict dress code after 8 PM. So bust out the tux and little black dress!
In addition to formalwear, you should pack comfy clothing for daytime stuff, especially if the resort has leisure facilities like pools, spas, or golf courses. Don’t forget the essentials—travel documents, a good quality watch, and a light jacket or sweater for cooler evenings. If you plan to visit a variety of dining venues, packing a mix of casual and formal outfits will mean you’re prepared for any situation!
Cultural Considerations and Etiquette
Understanding and following local customs and etiquette is a must when you are visiting international casinos. Every destination has its own norms regarding behavior, tipping, and interactions with staff. In some European casinos, tipping is not customary, while in others, it’s expected and appreciated. It’s also important to be aware of the specific rules of each casino, like photography restrictions or the appropriate way to approach and interact with dealers and other staff.
In Asia, being polite and showing respect is highly valued, and this extends to casino environments where formalities are observed more strictly, so be on your best behavior and mind your manners! Before your trip, take the time to research the cultural nuances to make sure you fit in and respect all local customs.
Best Times to Visit
The best time to visit a luxury casino varies depending on the location you are heading to. For destinations like Las Vegas, visiting during the shoulder seasons (March to May and September to November) means pleasant weather and fewer crowds. In contrast, Monte Carlo shines during the summer months, especially around the time of the Monaco Grand Prix in May, when the city is abuzz with activity.
If you’re heading to Macau, consider the cooler months from October to December, when the weather is more comfortable, and major events like the Macau Grand Prix bring in visitors from around the world. Traveling during off-peak times can also help you avoid the crowds and get better deals on accommodations and entertainment.
Conclusion: Living That Lux Casino Life
That’s our virtual tour through some of the world’s most luxurious casinos! Each one has its own vibe, scenery, and places and things to explore outside of the casino. Yes, you can gamble, and you can do it in style. But these places are a chance to live the high life, where every single detail, down to the linens, is created to impress.
Visiting these casinos is about more than just rolling the dice; it’s about being immersed in an atmosphere of pure indulgence. From the breathtaking architecture to the exquisite dining and top-tier entertainment, these destinations are an experience that will stick around long after the trip is over and you’re back at home. They give you the chance to sample the finer things in life, and you can gamble on top of it!
Do you daydream about going to any of these luxury casinos? Which one would you sell your soul to visit? Or have you already been to one of these luxurious spots?? Tell us in the comments!
Understanding Gambling Taxes: What You Need to Know
Did you hit the jackpot at the casino? Congrats!!! But hold up: before you go on a shopping spree to end all shopping sprees, you have to know how gambling taxes work. Unfortunately, the IRS gets a part of your gambling winnings—it’s like Uncle Sam is sticking his foot out to trip you while you’re doing your lil “I WON!” happy dance.
But it is what it is, and you have to pay the piper (the piper is the government in this scenario), so we are gonna walk you through everything you need to understand about gambling taxes. We’ll cover the basics you need to know, the types of taxes, how to report your winnings, state vs. federal, any deductions you might be able to claim, and some tips for managing it all. We’ll make sure you’re prepped and up to speed when April 15 comes a callin’!
Basics of Gambling Taxes
Look, I barely understand regular taxes (that’s what CPA’s are for), so it can get really confusing when you add in gambling winnings, but we have to figure it out so you aren’t surprised when tax season hits! So you can keep your finances and winnings in order, we are going to break it down into bite-sized pieces. We’ll get through this together!
Gambling taxes are simply that—taxes levied on the money you win from any gambling activities. This means everything from casino games and scratch-off lottery tickets to horse races and even TV game shows! The IRS sees all gambling winnings as taxable income, which means they have to be reported on your tax return. If you win really big, the casino or gambling establishment will even give you a Form W-2G, which reports the amount of your winnings to both you and the IRS.
Why Are Gambling Winnings Taxed?
The reason gambling winnings are taxed boils down to one simple principle: income is income. The IRS considers all forms of income as taxable unless it is specifically exempted by law, and this includes any and all money won from gambling. By taxing gambling winnings, the IRS is enforcing that all sources of income are treated equally under the tax code. This is in the name of fairness and verifies that everyone pays their fair share, whether their money comes from a job or a lucky streak at the physical casino or on an online gambling site.
Gambling taxes are just a part of the tax system designed to capture all forms of income, helping fund government services and ensuring equity among taxpayers, and understanding them is super important in order to stay compliant and avoid any unexpected bills from the IRS.
Types of Gambling Winnings That Are Taxable
Grasping the different types of taxable gambling winnings is a must for staying on the right side of the Internal Revenue Service. Below are the rules of taxable gambling winnings and what you need to know about each one!
Casino Winnings
Casino winnings come from the games in a casino, both physical and online. Things like slot machines, table games (blackjack and poker), roulette, baccarat, etc. If you hit the jackpot on a slot machine or win big at a table game, the IRS wants its cut. Casinos are required to issue a Form W-2G if you win the following:
- $1,200 or more from a slot machine or bingo game.
- $1,500 or more from Keno.
- $5,000 or more from a poker tournament.
Even if your winnings are below these amounts, you still have to report all gambling winnings as income on your tax return. If you win $800 on a slot machine, you won’t get a Form W-2G, but you still have to report it to the IRS.
But wait, there’s more! You don’t get to skate on taxes if you win on these games:
For baccarat, craps, and roulette, the IRS requires the casinos to report winnings above certain thresholds using Form W-2G. Here are the general guidelines for these games:
Baccarat: For table games like baccarat, where the winnings are not subject to a direct bet-to-win ratio, there is no specific threshold for issuing Form W-2G. However, if you win a large amount (typically over $600), it may still be reported, and taxes would still apply. The casino may not automatically issue a W-2G for table games, but it’s your responsibility to report any winnings.
Craps: Similar to baccarat, craps winnings do not have a specific threshold that requires a W-2G form. However, substantial winnings should be reported on your tax return. It’s your responsibility to keep track of your winnings and report them, even if the casino does not issue a form.
Roulette: Like baccarat and craps, roulette does not have a specific reporting threshold for issuing a W-2G form. Large winnings still need to be reported, but the casino is not typically required to issue a form unless the payout is large.
In general, while the IRS does not mandate specific reporting thresholds for these table games, all gambling winnings are taxable and should be reported on your tax return. If your winnings are substantial, the casino could choose to report them to the IRS and may withhold a portion of your winnings for federal tax purposes. It’s important to keep detailed records of all your gambling activities, including wins and losses, to report your income and claim any allowable deductions accurately.
Lottery Winnings
Lottery winnings, whether they are state or national lotteries, are considered taxable income. If your winnings exceed $5,000, the lottery organization will withhold federal taxes before you get your money. However, even if your prize is smaller, it still has to be reported on your tax return. Non-cash prizes, like cars or vacations, are also taxable based on their fair market value, and you must report the value of these prizes to avoid any penalties.
Sports Betting
Winnings from sports betting are taxable—and it doesn’t matter if your bets are placed online or at a physical sportsbook. If you win $600 or more from a single bet, a Form W-2G will be issued, but once again, you are required to report all of your sports betting winnings, regardless of the amount. Keep detailed records of all your bets and winnings so you can accurately report them!
Online Gambling
The convenience of online gambling has made it a go-to choice for so many gamblers, but, you guessed it, your winnings from online casinos, poker games, and other internet-based gambling activities are—shocker—taxable! The reporting requirements are similar to those for physical casino winnings. If your online gambling winnings go over certain thresholds, you will get a Form W-2G. Even if you don’t hit these thresholds, all winnings must be reported.
Other Forms of Gambling
There is no gray area if you’re thinking that some forms of gambling like raffles, horse racing, and Casual bets among friends, are safe from Uncle Sam. These winnings are also taxable and have to be reported.
- If you win $600 or more from a raffle or horse race, you need to include this income on your tax return.
- And winnings from friendly bets, like office pools or wagers between friends, are subject to taxation, too!
Reporting Gambling Winnings
Winning at gambling can be thrilling, but it’s important to understand the responsibilities that come with it, particularly regarding taxes. Properly reporting your gambling winnings is crucial to avoid any issues with the IRS. Below is an in-depth guide on what you need to know about reporting gambling winnings, the forms you’ll encounter, and the importance of meticulous record-keeping.
Reporting Requirements
The IRS requires that all gambling winnings be reported as taxable income. This includes money won from the following:
- Casinos
- Lotteries
- Raffles
- Horse races
- Sports betting
- Casual bets with friends/coworkers
Every type of gambling has specific thresholds that determine when you must report winnings and when you’ll receive a specific form like the W-2G:
- Slot machines and bingo: If your winnings are $1,200 or more.
- Keno: Winnings of $1,500 or more, after deducting the amount bet.
- Poker tournaments: Winnings exceeding $5,000 after deducting the buy-in amount.
- Other types of gambling: If you win $600 or more, the winnings are at least 300 times the wager amount.
Regardless of whether you receive a W-2G form, you must report all symptoms of your gambling winnings. This is necessary because even if your winnings fall below these thresholds, they are still considered taxable income!
Form W-2G
What is the form W-2G? Well, this doc is used to report certain gambling winnings to the IRS and is given to you by the gambling establishment in certain scenarios (usually larger winnings). This form is important for both the IRS and the taxpayer to make sure that the correct amount of tax is withheld and reported. Here’s how it works:
- Issuance: Gambling establishments are required to issue Form W-2G when your winnings exceed specific thresholds. For example, you’ll receive this form if you win $1,200 or more from a slot machine or bingo, $1,500 or more from keno, $600 on sports, or $5,000 or more from a poker tournament.
- Contents: The form details your winnings and the amount of federal income tax withheld. Federal taxes are typically withheld at a rate of 24% for substantial winnings, as indicated on the form.
- Multiple Forms: If you win at multiple establishments, each will issue a separate W-2G. You must report the amounts from each form separately on your tax return.
Other IRS Forms
When it comes to reporting any gambling winnings on your tax return, there are several forms that come into play:
- Form 1040: This is the primary form used for individual income tax returns. Gambling winnings should be reported as “Other Income” on this form.
- Schedule 1 (Form 1040): This form is used to report additional income, including gambling winnings if they are not directly reported on Form 1040.
- Schedule A (Form 1040): If you itemize deductions, you can report gambling losses on this schedule. However, it’s important to note that you can only deduct losses up to the amount of your winnings. For example, if you won $2,000 but lost $3,000, you can only deduct $2,000 in losses.
Record-Keeping
Keeping detailed records of your gambling activities is not just good practice; it’s vital for accurate tax reporting and compliance with IRS regulations. Proper documentation can also support any deductions you are able to claim for gambling losses. Here’s what you need to keep track of:
- Dates and types of gambling activities: Note the specific dates and types of games or activities you participated in. This helps verify the timeline and nature of your gambling.
- Locations: Record the names and addresses of the gambling establishments you visited.
- People present: Include the names of any people who were with you during your gambling sessions.
- Amounts won and lost: Keep all receipts, tickets, statements, and any W-2G forms you receive. This should include the amount of each bet, the amount won or lost, and any other relevant financial details.
- Other relevant documentation: Maintain records such as credit records, bank withdrawals, and statements that support your winnings and losses.
Accurate record-keeping not only helps in reporting your winnings correctly but also substantiates any deductions for losses you may claim. In the event of an IRS audit, having detailed records will be a lifesaver in justifying your reported amounts and deductions.
Deducting Gambling Losses
If you’ve had a rough night at the casino or lost a bet, there’s a little bit of good news: you can deduct your gambling losses on your tax return. But don’t smile just yet—the process comes with certain conditions and requirements that you have to follow to a “T” to claim these deductions in the right way.
Eligibility for Deduction
To be eligible to deduct gambling losses, you need to meet very specific criteria like the following:
- Itemize Deductions: You can only deduct gambling losses if you itemize your deductions on Schedule A of your Form 1040. This means your total itemized deductions have to exceed the standard deduction for your filing status.
- Winnings Limit: Your gambling losses can only be deducted up to the amount of your reported gambling winnings. For instance, if you won $4,000 but lost $5,000, you can only deduct $4,000.
- Record-Keeping: Maintaining detailed records of your gambling activities is a must! The IRS requires you to keep a diary or similar record that includes the date and type of each wager, the name and location of the gambling joint, the amounts won and lost, and the names of anyone present with you during the gambling activities.
How to Deduct Losses
Here’s a step-by-step guide on how to report and deduct your gambling losses:
- Report All Winnings: First, report all your gambling winnings as income on your tax return. This is done on Form 1040, specifically on the “Other Income” line.
- Itemize Deductions: Instead of taking the standard deduction, choose to itemize your deductions on Schedule A of Form 1040.
- List Your Gambling Losses: On Schedule A, under “Other Miscellaneous Deductions,” list your gambling losses. Remember, the amount you can deduct is limited to the amount of gambling income you reported. If your total itemized deductions are higher than the standard deduction, this will lower your taxable income.
- Professional Gamblers: If you are a professional gambler, your gambling income and losses are reported on Schedule C as a business expense. However, this designation is strictly defined by the IRS and involves proving that gambling is your primary source of income and that you practice it regularly and with continuity.
Documentation Required
To back up your gambling losses, you need to keep thorough records—aka receipts. Here’s what you should include:
- A Diary or Log: Keep a diary that records each gambling session, including the date, type of gambling, name, and location of the casino, amounts won and lost, and names of anyone who was with you at the time.
- Receipts and Tickets: Keep all receipts, tickets, statements, and any other documentation that can prove the amount of your losses. This could include wagering tickets, canceled checks, credit records, bank statements, and payment slips from the casino.
- W-2G Forms: For big winnings, you will get a Form W-2G from the payer, which details your winnings and any tax withheld. Keep all W-2G forms for your records and reporting.
Practical Tips
- Organize Your Records: Keep your gambling records organized and in a safe place. Create a filing system that allows you to access receipts, tickets, and your gambling diary easily.
- Regular Updates: Regularly update your gambling diary to make sure no details are missed. This will make it easier to report accurately at tax time.
- Consult a Tax Professional: If you engage in substantial gambling, consider consulting a tax professional. They can provide guidance tailored to your situation and ensure that you are in compliance with IRS requirements.
State vs. Federal Gambling Taxes
Knowing and understanding the tax obligations for gambling winnings at both federal and state levels is important for managing your finances! Below are examples of federal and state tax laws regarding gambling, along with some tips to avoid getting double-taxed.
Federal Tax Obligations
We know we keep saying it, but it has to be said: The IRS requires all gambling winnings to be reported as taxable income:
- Reporting Winnings: All gambling winnings must be reported on your federal tax return. This is done using Form 1040, specifically on the “Other Income” line. Significant winnings often come with a Form W-2G from the payer detailing the amount won and any taxes withheld.
- Withholding Taxes: Federal taxes are withheld at a rate of 24% for substantial winnings. This includes winnings of $1,200 or more from bingo or slot machines, $1,500 from keno, and $5,000 from poker tournaments.
- Deducting Losses: You can deduct gambling losses up to the amount of your winnings, but only if you itemize your deductions on Schedule A of Form 1040. This helps reduce taxable income but requires detailed record-keeping.
State Tax Obligations
State taxes on gambling winnings differ, with some states imposing their own tax rates and others not taxing gambling winnings at all. Here are examples from several states:
- California: Gambling winnings are taxed as personal income, with rates ranging from 1% to 13.3%, depending on the amount.
- New York: Winnings are subject to both federal and state taxes. New York’s state tax rates range from 4% to 8.82%, depending on the amount won.
- Nevada: Does not impose a state tax on gambling winnings, making it favorable for gamblers. However, federal taxes still apply.
- Illinois: Taxes gambling winnings at a flat rate of 4.95%.
- Florida: The state imposes a tax on gambling winnings over $5,000 at a federal rate of 24% but does not have a state income tax.
- Michigan: The state tax rate is 4.25% on gambling winnings.
- Mississippi: Levies a 3% tax on winnings from operators licensed under the Mississippi Gaming Control Act.
- New Jersey: State tax on gambling winnings is 3%, with additional withholding rates for lottery winnings from $10,001 to over $500,000.
- Pennsylvania: Taxes gambling winnings at a rate of 3.07%.
- Ohio: Licensed casinos must automatically withhold 4% of any winnings.
- Connecticut: Imposes a flat tax rate of 6.99% on gambling winnings.
Double Taxation
Double taxation happens when both federal and state governments tax the same income. Below is how you can manage or even (hopefully) avoid this:
- Credits for Taxes Paid: Some states offer credits for taxes paid to other states. This can help if you win in a state different from where you reside.
- Reciprocal Agreements: Some states have reciprocal agreements where they do not tax each other’s residents. Check if such agreements exist between the states where you live and gamble.
- Consulting a Professional: Getting advice from a tax professional can help you navigate these complexities, verify compliance with all tax obligations, and minimize the overall tax burden.
By understanding both federal and state tax obligations and taking appropriate steps to avoid double taxation, you can effectively manage your gambling winnings!
Special Situations
Special situations in gambling taxes involve unique rules and considerations for professional gamblers, non-residents who win in the U.S., and the impact of international tax treaties. Understanding these specifics helps in managing tax obligations effectively.
Professional Gamblers: Tax Rules Specific to Professional Gamblers
The IRS distinguishes between casual gamblers and professional gamblers, with different tax treatments for each. To qualify as a professional gambler, you must engage in gambling activities with the primary intention of making a profit and must do so regularly and continuously. The IRS uses a nine-factor test to determine if you meet this status, considering factors such as the manner in which you conduct your activities, your expertise, the time and effort you devote, and whether gambling is your primary source of income.
Benefits and Obligations
- Reporting Income and Expenses: Professional gamblers report their income and expenses on Schedule C of Form 1040, treating gambling as a business. This allows them to deduct ordinary and necessary business expenses, such as travel, lodging, and meals, directly against their gambling income.
- Deducting Expenses: Unlike casual gamblers, who can only deduct losses up to the amount of their winnings, professional gamblers can deduct all related expenses, potentially reducing their taxable income significantly. This includes travel expenses, tournament entry fees, and even the cost of research materials or software used to analyze games.
- Self-Employment Tax: Professional gamblers must pay self-employment tax, which covers Social Security and Medicare contributions. This rate is currently 15.3%, and professional gamblers need to make estimated tax payments throughout the year to avoid penalties.
- Record-Keeping: Maintaining meticulous records is a necessity. This includes a daily log of gambling activities, receipts, tickets, and any other documentation that can substantiate your income and expenses. Digital tools and software can aid in this process.
Qualifying as a Professional Gambler
Qualifying as a professional gambler is a challenge—you have to show that gambling is conducted in a business-like manner with the primary goal of making a profit. The IRS considers various factors, including the following:
- Businesslike Manner: Keeping detailed records and maintaining a separate bank account for gambling activities.
- Expertise: Demonstrating substantial knowledge and skill in gambling.
- Time and Effort: Devoting significant time to gambling activities.
- History of Income or Losses: Showing a history of making profits from gambling.
Tax Benefits and Requirements
Professional gamblers report their income on Schedule C, which allows them to deduct business expenses such as travel, meals, and research materials. However, they must also pay self-employment tax, requiring quarterly estimated tax payments to avoid penalties. Record-keeping is critical, and all gambling-related transactions should be meticulously documented!
Non-Residents: Tax Obligations for Non-Residents Who Win in the U.S.
Non-residents who win money from gambling in the U.S. are subject to different tax rules. Generally, gambling winnings by non-residents are subject to a 30% federal withholding tax. The gambling establishment withholds this tax at the source before the winnings are paid out.
Reporting and Compliance
- Withholding Tax: The gambling operator withholds 30% of the winnings at the time of payout. This is mandatory for non-residents and is meant to cover federal tax obligations.
- Filing a U.S. Tax Return: Non-residents may have to file a U.S. tax return to report their winnings and potentially claim a refund if too much tax was withheld. This requires obtaining an Individual Taxpayer Identification Number (ITIN) from the IRS.
- Exceptions and Reductions: Some exceptions may apply depending on the type of gambling. For example, non-resident aliens are not subject to withholding on winnings from blackjack, baccarat, craps, roulette, or big-6 wheel games.
Tax Treaties: Overview of International Tax Treaties
The U.S. has tax treaties with different countries that can affect how gambling winnings are taxed. These treaties can sometimes reduce or eliminate the 30% withholding tax on gambling winnings for residents of treaty countries.
Key Points of Tax Treaties
- Reductions and Exemptions: Some treaties provide for lower withholding rates or complete exemptions from U.S. tax on gambling winnings. The specifics depend on the terms of the treaty with each country.
- Claiming Treaty Benefits: To claim benefits under a tax treaty, non-residents must provide the necessary documentation, like a Form W-8BEN, to the payer to certify their eligibility for reduced rates or exemptions.
- Double Taxation Relief: Tax treaties also often include provisions to prevent double taxation, allowing taxpayers to credit taxes paid in the U.S. against their tax liability in their home country. This helps avoid being taxed twice on the same income.
Understanding the tax implications for professional gamblers and non-residents and the impact of international tax treaties is vital for managing gambling winnings effectively. Professional gamblers benefit from being able to deduct business expenses and must maintain detailed records and make estimated tax payments. Non-residents face a 30% withholding tax but may benefit from tax treaties that reduce or eliminate this tax.
Tips for Managing Gambling Taxes
Gambling is super exciting as a pastime, but it comes with tax responsibilities that can put a damper on that fun. But chin up! We have some comprehensive tips that will help you manage your gambling taxes and keep your finances in check.
Plan Ahead: Strategies for Managing Tax Liability
Planning ahead is an absolute must for managing your gambling tax liability. Below are the best strategies:
- Know Your Tax Obligations: ALL gambling winnings are considered taxable income and must be reported on your tax return. This includes cash prizes and the fair market value of non-cash prizes like cars and trips.
- Keep Detailed Records: Maintain thorough records of all your gambling activities. This should include the date and type of each wager, the name and location of the gambling establishment, the amounts won and lost, and the names of any other participants. Keeping detailed records will help you accurately report your winnings and losses.
- Use the Session Method: This method allows you to net your wins and losses within a continuous gambling session, which can lower your gross winnings and reduce the amount of taxes owed. For instance, a day’s worth of slot machine play or a single poker tournament can be considered one session.
- Estimate Your Taxes: If you frequently win small amounts that don’t trigger a W-2G, consider making estimated tax payments based on your projected annual winnings to avoid a large tax bill at the end of the year. Use Form 1040-ES for this purpose.
- Deduct Losses Correctly: You can deduct gambling losses up to the amount of your winnings if you itemize your deductions on Schedule A. Ensure that your total itemized deductions exceed the standard deduction to benefit from this. Only professional gamblers can deduct losses as business expenses on the Schedule.
Get Professional Help: When to Consult with a Tax Professional
Unless you are a financial whiz who does their own taxes for fun, consulting with a tax professional is always a good idea and can give you a leg up:
- Complex Situations: If you have extensive winnings or complex gambling activities, a tax professional can help you understand the intricacies of tax laws and ensure that you meet all reporting requirements. They can also advise you on state-specific tax laws, which may differ.
- Maximize Deductions: A tax professional can help identify all possible deductions and ensure that you are taking full advantage of them. For professional gamblers, they can assist in accurately reporting business expenses and netting winnings and losses.
- Avoid Penalties: Proper guidance can help you avoid underpayment penalties by ensuring timely and accurate estimated tax payments throughout the year.
- Audit Support: If you are audited, a tax professional can provide really valuable support, helping to gather necessary documentation and represent you during the audit process.
Use Technology: Tools and Apps to Help Keep Track of Gambling Activities
There’s an app for that! Make it easier on yourself by leveraging technology—it’ll simplify the process of tracking and reporting your gambling activities:
- Digital Logs: Use apps or software like QuickBooks or specialized gambling record-keeping apps to maintain a detailed log of your gambling activities. These tools can help you keep track of dates, types of wagers, amounts won and lost, and other necessary details.
- Cloud Storage: Store digital copies of your receipts, tickets, and other documents in cloud storage. This verifies that you can access your records from anywhere and protects them from being lost or damaged.
- Automated Reports: Most online gambling sites and casinos offer automated reporting tools to generate detailed statements of your activities. Use these reports to cross-check your records and ensure accuracy.
- Tax Preparation Software: Use tax preparation software like TurboTax, which can guide you through reporting gambling winnings and losses and ensure that you take advantage of all applicable deductions and credits.
By planning ahead, getting professional advice from a CPA, and using available technology to your advantage, you can manage your gambling taxes successfully and avoid any unwanted surprises or oopsies during tax season.
Final Words
Before you blow all your gambling winnings on a fancy new car or a bougie vacation, don’t forget that Uncle Sam will be waiting with his hand out come April 15. Yes, it rains on your parade, but it’s a necessary evil. Keep good records, plan ahead, and call in the pros if the tax forms look like hieroglyphics to you!
No, gambling taxes are not as glamorous as hitting it big at the craps table, but you still have to get it right. Keep meticulous records of your gambling activities, know the different types of taxable winnings, and be aware of both federal and state tax obligations. If things get complicated, call in a tax professional. They can make sure you’re maximizing your deductions while staying within the lines of tax laws.
Stay in the know and be proactive about your gambling taxes! Regularly update your records, make use of technology to simplify the tracking process, and consult with tax professionals if and when necessary. Keeping on top of these tasks will save you headaches when tax season rears its head and help you keep more of your winnings.
Additional Resources
Links to IRS Resources:
- IRS Topic No. 419 – Gambling Income and Losses
- Publication 525: Taxable and Nontaxable Income
- Publication 529: Miscellaneous Deductions
- Form W-2G and Instructions
- Form 1040 and Instructions
Further Reading: