There is hope for sportsbooks to get out of the rut that the global pandemic caused to the gambling industry. These betting entities found other means to earn revenues by tapping on creative betting that may directly or indirectly involve sporting events.
The CoronaVirus in Numbers Over Sportsbooks in the Wagering World
The cancellation of the NCAA Collegiate Basketball last month had an estimated loss of $140 million in the sportsbook industry. The suspension came at an unfortunate time just when the legalization of sports betting was granted after the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) of 1992 in May of 2018. The American Gaming Association (AGA) estimated $150 billion of gambled money circulated all over the world per year in legitimate and illegitimate wagering operations.
As of March 20, 2020, almost 95% of the nation’s commercial casinos locked down their floors. Coronavirus quarantine order affected 82% of tribal casinos. The casino labor force was badly hit by the lockdown consisting of 600,000 employees with total yearly salaries of $74 billion and another $43 billion in damages to the U.S. economy if the lockdown continues from March 21 to May 21, 2020, according to the AGA.
Sportsbooks Turn to Creative Betting
Creative options for betting is in to fill up the abyss left by the sporting events cancellation due to the pandemic. The proposed actions were on sportsbooks before COVID-19 turned arenas and stadiums into ghost venues, but not as in demand as it is now. Betting on TV Game Shows like Jeopardy!, Survivor, The Amazing Race, The Voice, America’s Got Talent, Top Chef and other popular game shows were available then.
Lottery Results are also popular betting options among sportsbooks. A sportsbook offers betting lines of the actual result or for the powerball that goes with it. A simple option for a yes or no with the moneyline on someone going to win the jackpot of the night.
Sportsbooks also take advantage of political campaigns offering bets on who will be the next president in an election year or who will represent the Democratic and the Liberal party as a contender for the presidency. In fact most sportsbooks are accepting bets for the winner of the next U.S. presidential election for 2020. Betting sites also offer the number of tweets President Trump will be sending during the presidential debate as a betting option.
Hollywood happenings are also cool creative betting options on sportsbooks. Wagering sites offer betting lines on winners of movie and film awards like the Oscars, Grammy’s, Golden Globe, Academy and Emmy Awards. A betting option also allows punters to bet on movies if it breaks the box office or not.
Esports: The Best Option to Carry Sportsbooks Through the Pandemic
Esports was not as popular as it is now to punters. The lockdown boosted its significance for the gambling industry since gamblers are forced to stay home to avoid the spread of coronavirus.
NFL Simulation on Madden
NFL Simulation on Madden is one of the avenues where sportsbook gamblers place their bets. This is great news for football enthusiasts itching to place their bets on the sport. The Madden 20 video game runs on sportsbooks to augment the local and international hiatus of actual tournaments.
IDSca covers these events by streamlining the games on Twitch for gamblers to witness the action on their computers. The video streaming is also available on mobile devices. Real gambling lines are available on our betting site. Wagering action on Madden 20 increased the wagering activity that gets better day to day.
MLB joined in the betting excitement brought to you by IDSca that will be offered throughout the year. Sportsbooks are signing with MLB allowing them to offer wagering lines to baseball punters around the world. MLB Executive Vice President Kenny Gersh for business ventures and gaming said that the organization launched its free-to-play prediction game last November 2019.
Research is key to make a smart wager on the MLB simulations. Madden 20 and the NBA 2K has no backlog of statistics that can help punters analyse odds for the next match. MLB has all the box scores as baseball reference for the next calculated bet. There will be a list of games on our website. The moneyline and the totals for the over/under betting option are the markets available to place your bets.
The NBA 2K also had its issues when gamblers placed their bets on top seed Kevin Durant of the Brooklyn Nets took on 16th seed Derrick Jones of the Miami Heat. Betting sites were not ready when the underdog won this match where punter walked away with five-figure winning bets. It turned out that results leaked out before the simulation was aired on screen.
ENascar iRacing Pro Invitational
ENascar iRacing Pro Invitational at the Talladega Speedway is on its way as of this writing. The event is the fifth this weekend. The first leg attracted 903,000 views on FS1. Danny Hamlin won over Dale EarnhardtJr. On the final lap of the race.
William Byron is the favorite at +375 to win the race, followed by Dale Earnhardt Jr. at +800, Denny Hamlin at +800, Timmy Hill at +800, Parker Kligerman at +1000, Garrett Smithley at +1200, John Hunter Nemechek at +1200, Kyle Busch at +1200, Alex Bowman at +1400 and Kevin Harvick at +1400 are the top 10 drivers on the odds makers list.
Other Esports Games
More Esports video games are available for punters to place their wagers. Counter Strike: Global Offensive ESL Pro League Season 11 in North America and Germany followed by DOTA 2 as the first two video games approved for betting by America’s regulatory government body on gambling.
This week will see the opening of the biggest esports leagues in the nation. Esports events like the League of Legends Championship Series in North America, League of Legends European Championships, the Call of Duty League, and the Overwatch League.
IDSca will deliver this betting action to its members in lieu of the sports events cancellations due to the pandemic. Visit us at www.idsca.com or call us at (866) 225-5437 for further details