Online Sports Betting in Michigan
The Supreme Court lifted a federal ban on sports betting in 2018 and numerous states like the Wolverine State jumped at the chance to legalize online sports betting in MI. The Michigan state Senate voted 33-5 and the state House voted 71-35 to legalize online gambling and pave the way for Michigan sports betting. Unfortunately, Governor Rick Snyder vetoed the bill just days before he was termed out of office. New Governor Gretchen Whitmer has not said she will support the bill, though her defeated opponent was staunchly against it and lawmakers are optimistic that she will get on board, given the overwhelming support for the proposal.
Sports fans will have to wait at least another year for online sports betting in MI as well as any online casinos. The only form of online gambling currently available is Michigan’s iLottery website, which offers Instant Keno and more than 30 instant win games that are similar to slot games found at many online casinos.
NFL betting is the most popular form of Michigan sports betting but such bets are limited to office pools and friendly wagers. NFL bets can be placed either on the moneyline, or the ratio of the payout to the initial stake, or the point spread, or the necessary margin to beat for the bet to payout. With the moneyline, a -150 favorite would pay out $100 on a $150 bet while a +140 underdog would pay out $140 on a $100 bet. With the point spread, a -3 point favorite would have to win by more than 3 points to pay out while an +4 underdog would pay out as long as they don’t lose by 4 or more points.
NBA betting is similar to NFL betting and will function the same way online sports betting in MI is legalized. Along with moneyline and point spread bets, players can also wager on whether the combined point total will be “over” or “under” the projected total. Various betting markets will offer slightly varied odds on both the points and the point total so you can shop around between sites to find the most favorable odds for your pick.
NHL betting is different than NFL and NBA because the “puck line,” hockey’s version of the point spread, is always set at 1.5. That means any puck line bet requires a favorite to win by at least 2 goals and the underdog to lose by no more than one goal. Otherwise the moneyline and the over/under work the same way.
MLB betting is similar to NHL betting, with a 1.5-run spread called the “run line.” With each team playing 162 games a year, there are countless opportunities to place wagers once online sports betting in MI is legalized. Online sports betting has already been legalized in Nevada, Delaware, New Jersey, and West Virginia while some other states have legalized in-person sports betting but not online wagers.