Sports betting Florida – Latest updates
Here are the latest updates for all Florida citizens that are waiting for online Florida sports betting to be legal.
- February, 2023 – “Things are likely to get messier before things start to even out” – February update about the sports betting situation in Florida
- October, 2022 – The Feds filed an answer to Seminole Tribe of Florida regarding the 2021 gaming compact.
- March, 2022 – Draftkings were fined 150 000$ because they let a bettor from Florida place a bet
- December, 2021 – Hard Rock went offline with their Florida sportsbooks app after several court rulings against Florida sports betting.
The online sports betting industry is already full of options and increasing all the time in the U.S. We want to give you more information on what to look for when choosing a sportsbook for your Florida sports betting.
There are a few things to consider when finding the best Florida sportsbooks for you, as soon as it’s legal in the sunshine state. For all you wondering if Sports Betting is legal in Florida: No it’s not
What to consider when choosing among Florida Sportsbooks?
So what should you be looking for from an online sportsbook?
One of the main points to check is the sports markets available from the bookmaker. You want to make sure that they offer bets for your preferred sports.
Once you have ascertained this, you should also check out the bet types on offer. Again, you want to know that the Florida sportsbooks is offering the wagers you would choose.
With the online sportsbook industry being so competitive, you can find many bonus offers available at bookmakers. These will often be sign-up offers, and sometimes recurring bonuses such as free bets.
Once you’ve found a sportsbook in Florida, check out the bonuses that they offer. Make sure that you’re benefiting from placing bets with that bookmaker.
One last thing to take note of is the operator’s terms and conditions. This includes things like wagering requirements, deposit and withdrawal fees, and any limits for certain payment methods.
Don’t sign up for a Florida sportsbook that isn’t offering you transparent and fair options.
Registering to online Florida sportsbooks
Registering to most online sportsbooks is a straightforward process.
- Once you’ve found one that suits your preferences, you will need to fill in some basic details to create your account. This will usually involve your name, age, and address.
- Often, you will also need to provide some proof of identification, in the form of a photo of your ID, passport or driving license. You may also be asked for proof of billing address in the form of a recent bank statement or utility bill.
- Once your account is set up and verified, you’ll be able to start placing your bets!
Understanding Florida Sports Betting Odds
Sportsbook odds are the way that bookmakers tell you how much money you will make from winning a bet.
It’s always important to check what odds are available and make sure you’re getting the best offer. Odds can be displayed in a few different ways, as we’ve explained below.
Decimal odds are also known as European odds. They are most commonly seen at sportsbooks based in Europe, Australia, and Canada.
They are straightforward to understand and compare and are therefore a preferred representation for many sportsbooks around the world.
The odds shown for decimal odds represent the profit you would make from a bet of $1. So the formula for calculating the winnings is as follows:
Stake x Odds = Payout.
For example, if you place a successful $100 bet at odds of 2.75, then the calculation would be:
100 x 2.75 = $275.
Therefore, you would make a profit of $175 on a successful bet.
Fractional odds are the original form of odds used in horse racing bets. They are most commonly used in UK or Ireland based casinos.
Fractional odds represent the profit yielded, without the inclusion of the original stake. The denominator represents the amount wagered, and the numerator represents the potential profit, so they would be written as follows:
As an example, let’s say you’re betting on a football game with 10 to 15 fractional odds. This means you would win $10 for a successful bet of $15. Below is an example with a wager of $150:
Odds 10/15: $150 bet + $100 profit = $250 winnings.
American odds are the ones you will see the most on sites that offer sports betting in Florida. These are also known as moneyline odds. American odds are the easiest to understand and compare.
The odds shown represent the amount of money required to make a profit of $100.
In the odds for each match, one team will be the favorites and one team the underdogs. The odds for the favorites will be prefixed with a minus (-) and the odds for the underdogs will be prefixed with a plus (+).
The higher the number for the favorite, the more likely their chances of winning. The higher the number for the underdogs, the less likely their chances of winning.
If the favorite odds are -$150, then you need to bet $150 to win $100. If the underdog odds are set at +300, then you would win $300 on a successful wager of $100.
So remember, for favorite odds you are risking that amount to win $100, and for underdog odds you are risking $100 to win that amount.
Types of Bets
While some Florida sportsbooks will offer special bets for certain events, there are several common bet types that you will find available for most events. We have listed these for you to have an idea of what’s on offer:
These are by far the most common and most wagered bet available. This is the traditional bet where you simply select which player or team you are expecting to win the match.
Point Spreads or Straight Bets
These are a popular bet in the US, and you will find many on offer at online sports betting in Florida. With these bets, the bookmaker will decide on a point spread for both the favorite and the underdog.
The favorite needs to win by a greater margin than the spread for a successful bet. The underdog needs to either win or lose by less than the margin for a successful bet.
This form of betting is intended to either increase your chances of winning, but at lower odds, or lower your chances of winning, but at higher odds.
The bookmaker will offer some different options for handicap bets. This will usually involve awarding ‘extra goals’, or removing goals from the final score to change the outcome of the match.
Each handicap option will have its own, adjusted odds.
Mobile Betting Apps
Many sportsbooks nowadays will also offer a smartphone app. This will allow you to view the available odds and place your bets from your iPhone or Android device.
Most apps will also be available for android devices when you’re looking for online sports betting Florida.
Using a mobile app is a great way to take your online sportsbook on-the-go. It can be especially useful when placing live bets, as you can place your wagers from wherever you are.
Some sportsbooks will also offer live streaming of matches through their mobile apps.
Types of Sports to Bet on in Florida
There are many types of sports available to bet on at online sportsbooks. The following sports are those most popular with online bettors in Florida.
Bet on Football and the NFL
Many Florida sportsbooks will offer a huge range of betting markets for American football and the NFL. This is the most popular sport for bettors in Florida and the US.
You can find Florida sports betting lines both for Professional level teams and for college football tournaments within the state. There will be a huge range of betting types offered for the majority of football games.
Bet on Basketball and the NBA
Again, you can find betting lines available for both professional and college basketball tournaments. Basketball is another huge market for US online sportsbooks.
You can find plenty of bet types available for basketball and the NBA. You will be able to bet on the top Florida teams, including Miami Heat and the Orlando Magic.
Bet on Baseball and the MLB
Florida has a plethora of teams for Baseball and the MLB, and all bettors will want the opportunity to back their favorite. Luckily, this is another popular sport at US bookmakers.
You will be able to find various bets available on games with the Minor league teams Jacksonville Suns, the Pensacola Blue Wahoos, and the Bradenton Marauders, among others.
Bet on the NHL and other Hockey leagues
Regarding betting on Hockey, NHL is almost the only league of interest today. There are really no other leagues in America and you have to look over to Europe to find any other interesting games to bet on in Hockey.
The thing is, NHL is all you need. So much action, so many games and the players are true artists. The games are intense and the fans are on fire every game of the season. Here you can find the best teams in the world.
When you arrive at the playoffs, the atmosphere almost raises the roof. Every minute is like the last one on earth, and no one want to lose.
The legal status on the Florida esports betting is also applicable on the Esport market. Right now you cant place any bets on Esports in Florida.
But the day that Florida sports betting open up, you most likely will be able to place bets on Esport also.
Sports Betting Florida – Bonuses
All online sportsbooks in Florida will offer some kind of bonus to entice or hold onto their customers. These will range from matched deposits to free bets, to bonus cash.
It’s always worth checking the current bonuses on offer from a sportsbook, especially when you’re signing up for a new account.
What are welcome bonuses?
Welcome bonuses will be available at the majority of online sportsbooks. These will usually be the most competitive offers available for Florida Sports Betting. Sportsbooks want to offer new customers a reason to join them over a competitor.
The most common form of welcome bonus is a matched deposit offer. The bookmaker will offer to give you a percentage of your initial deposit for free.
This will then either be available for free bets or can be withdrawn as cash.
Bonus money will be subject to wagering requirements, so read the terms and conditions when claiming a bonus offer.
What are Free bets?
Free bets will be offered either as part of a welcome bonus or to continuing customers as a loyalty reward for the Florida Sports betting bettors.
The sportsbook will offer you a certain amount of money, usually dependent on a deposit, to place on bets.
These allow the customer to have the opportunity to make a profit without losing their stake on an unsuccessful bet. You won’t receive the stake with your winnings on a free bet.
The only money you make is profit.
Often, there will be limits on free bets, such as minimum odds or particular types of bets. This is to encourage bettors to try something new or take a bigger risk with their free bet.
What are Risk-free bets?
This is again usually offered to new sportsbook users. If a player places an unsuccessful bet, then the sportsbook will credit them bonus money of the same amount of the wager.
This means that if you have a successful bet, you can keep the stake and the profit. However, if you’re unsuccessful, the bookmaker will return your bet as a “bonus-credit” so you can try again.
Please note that this bonus-credit cannot be withdrawn. It can only be used to place a bet, and you will only receive any winnings back if you win, not the bonus-credit amount.
Top Sports Betting Events
There are certain events in the sporting season that bettors do not want to miss. We have listed the most popular events for sports bettors in Florida. Make sure you don’t miss out on the chance to back your favorite.
Most people won’t need to be reminded of the biggest annual event of the National Football League (NFL). The Super Bowl is enjoyed by spectators around the world and is hugely popular with sports bettors.
This is the championship game of the NFL and is played every year between mid-January and early February.
Many online sportsbooks, particularly those that have customers in the US and Florida, will offer special markets for the super bowl. This gives an even wider range of options than usual.
Bettors can be very specific in their choices and have the option to try out new Florida sports betting types for this significant event in the sporting calendar.
Again, this is a huge event for sports bettors. Anyone who regularly bets on basketball will not miss the opportunity to have their say on the championship series of the National Basketball Association (NBA).
The teams will play the best-of-seven game series, which will decide the league champion.
This is the biggest basketball event of the year. Similarly to football, many Florida sportsbooks will offer special bet types for this event.
The odds for these prestigious events are often very competitive, so make sure you’re getting the best offer for your wager.
The World Series is the annual championship for Major League Baseball (MLB). It is a best-of-seven playoff between the American League (AL) champions and the National League (NL) champions.
This series is played by the best baseball teams from two different leagues. These are extremely competitive matches and so offer huge excitement for baseball bettors.
Again, you will often find special markets available for World Series bets.
Top Sports Teams
Florida has teams playing in all major league sports. If you’re interested in Florida sports betting, it’s natural to want to show support for your local teams.
Here, we’ve given you some more information about the top sports teams in Florida, so you can be sure you’re placing the right bets.
Jacksonville Jaguars – NFL
The Jacksonville Jaguars are one of the most notable names in American Football. The Jaguars compete in the NFL, playing their home games at TIAA Bank Field.
The Jaguars originally joined the league as an expansion team in 1995.
They were winners of the division championships in 1998, 1999, and 2017. They have also qualified for the playoffs on seven separate occasions.
Let me present to you the oldest professional sports team in Florida: Miami Dolphins
They started to play in the American Football League (AFL) in 1966 and later joined the NFL during the merger in the 1070s.
Orlando City S.C. – MLS
Soccer in America has been rising in popularity in recent years. The Orlando City Soccer Club competes in Major League Soccer (MLS) as a member of the Eastern Conference.
Orlando City SC began playing in 2015, becoming the first Florida MLS team since Miami Fusion and Tampa Bay Mutiny.
Miami Heat – NBA
Miami Heat is Florida’s top NBA basketball team. They began playing as an expansion team in the 1988-89 NBA season.
The team gained notoriety throughout the 1990s under head coach Pat Riley, whose trades brought the team four division titles in the following years.
From 2010 until 2016, Miami Heat attended the NBA Finals every year and has won the championship three times.
Orlando Magic – NBA
The Magics have had some hard time this last decade. To reach the playoffs have been a real struggle for them and they have tried to find the right balance in the team.
They managed to make the playoffs two times in a row a couple of years ago. But lately is has been out of reach for the club, that’s looking to get some kind of gamechanger for this season.
Florida Panthers – NHL
The Florida Panthers joined the NHL in the 90s, and they reached the Stanley Cup Finals once in 1996, loosing too Colorado. Since then, they haven’t reached the final, so the Panthers Fans are really waiting for a great season again.
Tampa Bay Lightning – NHL
Unlike their friends in the south, Tampa Bay has been one of the best teams in the NHL lately. They have been one of the favorites for many years and have a solid rooster with some of the best players in NHL.
They recently managed to win the Stanley Cup back-to-back, which really shows the strength and stamina of the team.
Individual online sportsbooks will offer various payment methods for placing betting deposits. However, there are a few payment methods found at most sportsbooks. The most popular payment methods are listed below.
Credit or Debit Cards
The most straightforward and most used form of payment for Florida betting sites. Online sportsbooks will usually support fully secure transactions for both VISA and MasterCard.
This is again widely available at online sportsbooks. The downside of bank transfers is that they generally take longer than other methods for withdrawal and deposit.
This is an extremely popular form of payment for online sportsbooks. It includes online payment methods, such as Skrill and Neteller.
While a lot of sportsbooks support these methods, they are sometimes excluded from deposit offers.
The most common of these is Paysafecard, which you can buy in many local stores. It’s worth knowing that this is only available as a deposit method, and can’t be used for withdrawal.
Unfortunately, PayPal isn’t available at all online sportsbooks. However, for those that do support it, it’s an extremely reliable and secure method of payment.
Sports Betting Florida – the Legal Situation
Face-to-face sports betting is illegal in Florida, due to agreements between the state and the Seminole Tribe. However, placing online bets with bookmakers based outside the state is a grey area in the law.
You are not breaking any legal statutes by placing online bets on a variety of sports from the state of Florida. The responsible is fully on the Florida sportsbooks providers.