When a lot of people think of betting, they think about betting on sporting events. However, did you know that there is a whole world of Texas event betting to explore? In fact, betting on events in Texas can provide a nice little break from your standard sports bets.
Introduction to Texas event betting
Texas event betting allows you to bet on certain events. This can include sporting events (e.g. Super Bowl) or global political events. You can even bet on the outcome of certain TV shows, wrestling matches, etc.
Texas event betting can be a little bit confusing to some people. However, we can assure you that it isn’t all that different from normal betting. You read betting odds in the same way. You carry out the same research. You can even gamble at the same sportsbooks.
On this page, we are going to tell you how Texas event betting works. We will even give you a few ideas on some of the typical bets that you may encounter.
What is Texas event betting?
Event betting will involve you betting on a singular event. This may be online bets on sporting events in TX. It may be betting on an election. It may be a TV show. To be honest, event betting is a rather general term and it can apply to most bets that you make.
In this section, we are going to highlight the typical bets that you may be able to place when it comes to Texas event betting.
Technically, every sporting game is an event. However, when we are talking about Texas event betting, we are talking about the events that attract a lot of views. Events that do not happen that frequently e.g. once a year, or maybe once every four years. Common events that you can bet on include:
- FIFA World Cup
- Super Bowl
- NBA Playoff Final
Political events are probably the most common form of Texas event betting. Here, you can gamble on the outcome of elections. You can gamble on whether certain policies will be introduced, etc.
You will be surprised at the number of people that may bet on political events such as the Presidential Election. A lot of money was riding on the Brexit vote too.
Current affairs allow you to bet on things relate to celebrity life. For example, we have seen event bets where you can gamble on when somebody gets a new girlfriend.
You can gamble on when man will next walk on the moon. You can gamble on the winner of the Nobel Peace Prize, etc. Current affairs bets can vary wildly between sportsbooks. So, if you are interested in gambling on current affairs, then you may want to check out as many sportsbooks as you can.
You can even bet on TV shows. Although, these types of bet are becoming less and less common. This is due to how easy it is for information to leak online.
TV show bets include:
- Betting on the winner of a reality show
- Betting on the next person to be cast as the Doctor in Doctor Who
Movie bets can also be covered here.
Choosing a sportsbook for Texas event betting
Now you know a little bit about what Texas event betting actually is, it is important that you find a decent sportsbook that you can gamble at. This is easier said than done.
Due to the way in which event betting works, there is no sportsbook out there that will offer all of the events that you want to gamble on. If you want to bet on sporting events, then this is fine. However, if you want to bet on current affairs, political bets, etc. then you may need to hunt around a little bit.
If you are serious about event betting, then we suggest that you get signed up for a few different sportsbooks. If you skip ahead to the next section, we will tell you about our favorite sportsbooks for Texas event betting.
The reputation of the sportsbook
Whenever you are looking for a new sportsbook, we suggest that you always try to pay attention to what other gamblers are recommending. This is because somebody has already put the work in to find an awesome sportsbook. You shouldn’t need to put in the same work to come to the same conclusion, right?
The events that you want to bet on
This is probably going to be your main consideration when you are looking into Texas event betting. As we said, sportsbooks will never have a huge number of events to bet on. Well, at least outside of betting on sporting events.
This means that you may need to look for a sportsbook that offers the markets that you want to dive into.
What the betting odds are like
Betting odds for some events are never going to be brilliant. For example, TV betting odds will always be short due to the issue of leaks. Political bets can become shorter once polls roll in. It is only really sporting events that have decent odds.
This means that you probably won’t need to look around for the best odds for events (outside of sports). This is because the odds are going to be fairly stable across the board. Your main priority will always be ensuring that the sportsbook offers the events that you want.
What the customer service team is like
In our opinion, live chat and an extensive FAQ are an absolute must when looking for a sportsbook. This way you have somebody to reach out to if you have any questions.
Whether mobile betting is available
Mobile betting allows you to bet from your mobile device. Chances are that you won’t be betting all that often on Texas events. However, it is still nice to be able to gamble from the palm of your hand. Look for a sportsbook that offers a mobile app or mobile betting site.
What banking options are available at the sportsbook
This will be your withdrawal and deposit options. You need to ensure that the sportsbook supports the banking methods that you have available. You will also want to be sure that the fees for their withdrawals are kept nice and low.
The best sportsbooks for Texas event betting
There are a lot of online betting sites for Texas event betting. We suggested that you get started with the following four sportsbooks. All of them offer a decent selection of events that you can gamble on.
BetMGM event betting
BetMGM is one of the largest sportsbooks in Texas. Their main focus will be on sporting events. However, you can also find some decent political bets here, on occasion.
Caesars Sportsbook mostly offers sporting event betting. However, they do cycle in regular current affairs, political, and TV bets if they feel they can make some money.
Fanduel event betting
Fanduel is a great mobile sportsbook. They have great betting odds and fantastic betting bonuses for event betting in Texas.
Draftkings has long been one of our favorite sportsbooks for Texas event betting. This is because they often have betting markets that we haven’t found anywhere else.
How to read betting odds for events betting in Texas
A lot of people betting on events in Texas may not necessarily know how to read betting odds. This is why we have put together this section.
How are betting odds calculated?
Betting odds for events can be a little bit odd.
This is because, for many events, the winner is a dead cert. For example, if you bet on WWE events, it is often leaked well beforehand which wrestlers are scheduled to win certain matches. Betting is still open. However, the winner will have unattractive odds.
Betting odds will try to reflect the likelihood of certain events happening. However, the sportsbook may manipulate the odds every so often to guarantee that they turn a profit.
Betting on sporting events will be slightly more normal. There is more ‘prediction’ involved with it. This means sporting event odds will look similar to normal games.
How do you determine your winnings?
Most Texas event betting odds will be futures bets. This means that you will have multiple picks to choose from. All of these picks will have a + next to them. This indicates that they are all ‘underdog’ bets. To determine the winner, you need to look at the betting odds with the lowest number.
To determine how much you would win from a bet with a + next to it, all you need to know is that the number is how much you would win if you bet $100. So, if you saw +300, then you would win $150 from a $50 bet.
If there are only two options, or there is a clear favorite, then one of the odds may have a – next to it. This indicates a favorite. To work out your winnings here, all you need to know is the number is how much you would need to bet to win $100. So, if you saw +300, a $150 bet would return $50.
Top tips for placing bets on events in Texas
Let’s wrap up by giving you some tips for betting on events in Texas.
Don’t make ridiculous bets
Seriously. You will be surprised at how many people do.
We have seen Presidential Election markets where you can bet on famous actors becoming the next President. This is not going to happen. The market may exist, but you are just throwing your cash away if you bet on it.
Always gamble on markets you understand
If you don’t understand politics, then don’t bet on political events. If you don’t watch a TV show, then do not bet on anything related to that TV show.
Successful Texas event betting is all about being as informed as you possibly can be. You cannot make a bet without understanding what you are gambling on.
Only bet what you can afford to lose
It is important that you only ever bet with cash you can afford to lose. Do not bet on anything that you need to pay important expenses in your life.
Research every bet that you place
It is vital that you research every bet that you place. Of course, how you carry out your research will be dependent on the event you are betting on. For example, if you are betting on political events, then you may want to pay attention to political polls. If you are betting on sporting events, then you need to pay attention to sports news.
The more knowledge you have about a bet that you want to make, the less risky it becomes. The people that make the most from gambling on events are going to be those that spend a long time carrying out their research.
Texas event betting FAQ
When do political events betting in Texas go live?
It depends on the event. If you are betting on future political events e.g. next President, then the odds could go live years in advance.
Can you live bet on politics in Texas?
Yes. During major political events, there will be live markets. You can watch the odds change in real time.
How old do you need to be to bet on events in Texas?
You need to be at least 21-years-old to get involved with Texas events betting.
Do you need an ID to bet on events in Texas?
You will likely need to provide a copy of your photo ID when you make your first withdrawal from the sportsbook.
Do you need to live in Texas to gamble at a Texan sportsbook?
Yes. If you want to gamble at a Texan sportsbook, then you need to be located within the state when you place your bet. The sportsbook will check your IP address before they allow you to stake cash on any event.