Is sports betting legal in California in 2025? Latest updates
TL;DR No, sports betting is not legal in California, except for wagering on horse racing. Two major initiatives...
All Explainers
What is the Kelly Criterion? Guide to optimizing your bets & managing bankroll
TL;DR The Kelly Criterion is a mathematical formula for determining the optimal stake amount and provides sports bettors...
Is sports betting legal in Texas? 2025 status & future legalisation timeline
TL;DR Sports betting is currently illegal in Texas, including online and mobile wagering. Only betting on horse and...
Is sports betting legal in New Jersey? 2025 guide to betting in the Garden State
TL;DR Yes, sports betting is legal in New Jersey since June 2018. New Jersey quickly overtook Nevada in...
Martingale betting system: Pitfalls and risks to your bankroll
TL;DR The Martingale system is a sports betting strategy in which the bettor doubles the stake of their...
What is flat betting? Low-risk betting strategy explained
TL;DR Flat betting is a wagering strategy that involves betting the same amount on each bet. Since it...
Bankroll management in sports betting: Learn about unit sizing and proper profit control
TL;DR Bankroll management enables you to stay in control of your sports betting. Setting your betting units at...
What is vig in sports betting? Understanding the bookmaker’s cut
TL;DR Vig is short for the term vigorish, the hidden commission fee charged by sportsbooks on every bet....
What is implied probability? Finding value in betting odds
TL;DR Implied probability tells you what the odds really mean in percentage terms and how likely the sportsbook...
Is esports betting legal in Australia? What bettors should know
TL;DR Betting on esports in Australia is legal as a result of the country's Interactive Gambling Act 2001...