Sports Betting in New York: The Players, the Teams, and the Bets

New York sports betting is a booming industry. Currently, New York sports betting revolves around roughly seven of the most popular betting sites in the US, with each site offering welcome bonuses and other sportsbook promotions worth over $1,000 depending on what site you join. Of course, there are still many New York sports fans who have yet to gamble on their favorite games, and they likely have many questions. First and foremost, let's clarify a few basic terms. Sports betting is legal in New York, however there are specific limitations associated with sports betting. Back in 2013 New York finally approved legalized sports betting for four upstate casinos. Several years later in 2019 the state's gaming commission established regulations for sports betting at tribal casinos. Finally, in April of 2021 mobile sports betting became legalized, and finally became available statewide in January of 2022. Since all of this has gone done, roughly a year has passed and legalized mobile sports betting has benefited the economy positively. 20 million residents have legal access to sports betting! The New York State Gaming Commission regulates New York sports betting, and that includes both online and land-based wagering. You'll need to be 21 or older to place a wager on your favorite sports team, and currently the law prohibits betting on college sports within New York. Now that New York allows for legal mobile sports betting, both residents and anyone visiting can place sports bets from the safety of their own homes. They could also wander down to their favorite sports bar, have a beer and place a bet on their smartphone.

New York Sports Betting Teams

It's almost a cliche at this point. Thinking of your average passionate sports fan might conquer your classic New Yorker. it's well known NY sports fans are some of the most passionate around, and luckily there are multiple NY based sports teams to place bets on. As long as you research your bets beforehand, sports experts will have a well of opportunities. The NHL has numerous teams, such as the New York Rangers, The New York Islanders and the Buffalo Sabres. The NBA has the New York Knicks and the Brooklyn Nets. The NFL has the New York Giants, New York Jets and the Buffalo Bills. Lastly, the MLB has the New York Yankees and the New York Mets. These teams are famous within the sports world, and have passionate fanbases who live for the thrill of placing bets on their favorite teams. You can use a sportsbook to access the live odds for each of these teams, and make an informed betting decision.

Types of Bets

For New Yorkers, there are eight different types of sports bets to choose from.

Parlays can sometimes be referred to as accumulators, and these are wagers on two or more outcomes. It's possible to place a single stake, and the odds will be multiplied for every correct selection. That means you can collect generous rewards for a small outlay if all of your picks win.
Future bets are bets where you can wager on events where the outcome will not be available for a while. Future bets are often used to predict larger games, such as the Superbowl or the World Series.
Moneyline Bets are simple. You just pick a team or a specific athlete you think will win, and place your bet.
Over/Under bets is a total bet. This is a wager on the overall number of points that'll be scored by both teams during a single match.
Point spreads bets give players better odds on a favorite. This spread will handicap one side by giving its opponent a head start. If your favorite wins, it'll be known as 'covering the spread; which means you've won.
Proposition bets are bets within an event that has no relation to the overall outcome of a game. For example, you can bet on a specific player to score a certain number of points.
Live betting is a type of bet you can place while the game is actively being played in real time. Most sportsbook constantly update their odds, allowing for live betting.