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Sports betting: The challenge of finding that one sure bet

ET June 29, 2018 Governor John Carney welcomes single-game sports betting to Delaware by placing the first bet outside of Nevada Tuesday. Daniel Sato, The News Journal Single game sports betting begins at Dover Downs Hotel & Casino in Dover. On June 5, 2018, the First State became the Second State — the second state to offer sports betting.   With an assist from the U.S. Supreme Court, Delaware joined Nevada in offering this “fringe benefit” to residents and visitors alike. Thus, for a short while, until New Jersey took the same action later last month, Las Vegas and Dover were the alpha and the omega of sports wagering in the U.S. of A. As a result, many coastal workers were dismayed to see their office pools undermined, or drained, and local psychics predicted that underground (sports) book shops would go the way of the menhaden fish industry.  Nonetheless, many Delawareans were pleased to see single-game wagering introduced in the state and began to explore the many options available.    The one sure bet, of course, would be to put one’s money on the noses, or rather the sticks, of the Cape Henlopen High School girls lacrosse team, winners of the state title for 10 consecutive years, victorious in 30 straight tournament contests, and triumphant in 124 straight games against Delaware opponents — and still counting. If ever there was a sure bet, this would be it.    But alas, or a-lax, that is not to be. Betting on that Delaware Dynasty would not be legal under provisions of current regulations, which limit wagers to professional and collegiate sporting contests.  Nonetheless, single-game sports betting ushers in a new era, and comes with its own specialized vocabulary. One needs to master this terminology even if one does not intend to sell the farm and become a sports betting day-trader. With that in mind, the Delaware State Lottery (DelSLot), which has been tasked with overseeing sports betting, felt compelled to post an online document titled "Glossary of Sports Betting Terms."  Having mastered that lingo, and thereby achieved a type of bilingualism, one is ready to meet the challenges of the sports wagering world. In some cases, this is easy, as when one places a “straight bet,” such as simply picking the winner of any game.      That’s what Gov. John Carney did in making the first single-game wager in the state. He wisely placed $10 on the Philadelphia Phillies to beat the Chicago Cubs. He then spent his winnings on a new haircut.   Online chart compares how much residents of 13 states, likely to legalize sports betting within five years, might wager annually.

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