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Tips for online sports betting in Maryland

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All sportsbooks in Maryland offer their unique way of betting on sports. To help you decide, we have made this simple guide. This guide helps in picking the best betting site for your needs. If you are looking to gamble in Maryland, this is the place to start. Betting in Maryland is legal if done in person at a “sportsbook”. Unlike states like Nevada that view sports betting as an unregulated form of gambling, Maryland has a long-standing regulatory framework for sports wagering. The Maryland Lottery Commission regulates all forms of gambling. The state’s Department of Legislative Services publishes details of the state’s regulatory framework, including definitions of terms like “sports” and “betting.” Here is a basic breakdown of tips to follow when betting in Maryland.

  • Online sports betting sites are growing in popularity every year.
  • Betting odds are listed by bookmakers on their websites.

Understand the basics and odds

The betting experience in Maryland starts with understanding the basic rules of online sports gambling. First, you will need to register for online sports betting account. The Maryland Lottery offers a convenient online registration process for two of its betting platforms: BetMGM and William Hill. Both are available on desktop computers or mobile devices. (A third platform, FanDuel, is currently only available via desktop.) The Maryland Lottery also offers a registration guide with step-by-step instructions. Once you sign up, you must verify your account. You can do this by submitting an image of your driver’s license or passport to confirm your identity and proof of address — such as a utility bill, bank statement, or check stub — to confirm where you live within state borders.

Secondly, it’s wise to know the odds. Understanding what the Maryland sports betting odds mean will help you make better decisions and hopefully increase your chances of winning. The most common sports betting line is the point spread. Point spreads are used to even out the competition in a game that would otherwise be lopsided. In other words, point spreads to make sure that you don’t win just because you bet on the team that scored more points. For example, people will likely be betting on this game if a local high school basketball team has a big rivalry game against a bigger school from out of town. The point spread could be -20 for the local team and +20 for the out-of-town team.

Set a budget and research

The first and most important rule of sports betting is setting a budget and sticking to it. Like with any other type of gambling, you need to know how much money you can afford to lose. It doesn’t have to be a fixed amount; it could be a percentage of your overall bankroll. For example, if your bankroll is $1,000, you could decide that 1% ($10) of your bankroll is the maximum amount you want to risk on a single bet. Alternatively, you could determine that 10% ($100) is the maximum amount you want to risk on a single bet. Betting more money than you’re comfortable losing can lead to reckless decisions down the road, such as chasing losses or making impulsive bets.

While sports betting won’t be available in Maryland until next year, there is plenty of time to research the best betting options. Use the internet to research your games, including teams and players from around the world. This will give you an edge when wagering starts. Several online sportsbooks offer lines on games around the world. In many cases, these sites will have lines up earlier than standard casinos, which can help you get ahead of the competition. While you can use online sportsbooks to get information, it’s essential not to wager at these sites. It is illegal, but it is also an excellent way to lose money quickly. Instead, use these sites for entertainment purposes and wait until Maryland allows sports betting.

Have fun

Before you start betting online, remember that having fun should be your top priority. You don’t have to play for real money every time. Maryland online casinos offer free-to-play games where you can try out the software and learn how each game works without risking your own money. If you decide to play for real money, only spend what you can afford to lose. It’s easy to get carried away when having fun, so set yourself a limit and stick to it. The best way to do this is by setting a daily, weekly, or monthly deposit limit with your online casino before you start playing. After reaching the limit, the casino will stop allowing you to make deposits until the period expires.

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Time to Invest in Crypto? SOFTSWISS 2023 iGaming Market Overview

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In 2023, crypto bets expanded by more than 20%, as reported by SOFTSWISS. The leading technology company, with over 15 years of expertise in iGaming and number one in crypto-optimised software, shares its analysis of the dynamic crypto landscape.

According to industry research, the global iGaming market is projected to double by 2030 at a compound annual growth rate of 11.7%. Revenues are expected to exceed 140 billion euro, with a significant share attributed to crypto gambling. 

SOFTSWISS, as the innovator in crypto iGaming software development, regularly conducts research to track the dynamics of crypto within the iGaming market. Using extrapolation, comparative and correlative analysis, experts analyse the data gathered from over 600 crypto-friendly brands powered by the company.

iGaming Market Overview

Based on SOFTSWISS data, the iGaming market had a stable expansion in 2023. In absolute terms in euro, the Total Bet Sum grew by 38.2% year-on-year. At the same time, the Total Bet Count displayed an even stronger increase, surpassing 51.2%. 

The average bet is slightly decreasing for several reasons. One significant factor is the broader reach of online gaming, fueled by advanced technology and increased internet availability. This trend is more evident in emerging markets like LatAm and Africa, where bets are usually smaller. Additionally, the increasing number of players under 30 with budget constraints adds to the decline in the average bet size.

State of Crypto

The in-depth quarterly analysis, initiated at the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q4’23, the Crypto Bet Sum saw an 8.2% rise in absolute terms, while the Fiat Bet Sum surged by 16.4% compared to Q3’23. At the end of 2023, the crypto share in the Total Bets Sum (27.5%)  decreased by 3.9 p.p.

The comparative analysis of the 2023 Crypto Bet Sum against  the previous year shows 21.1% growth. Simultaneously, the Crypto Bet Count increased by 50.5% year-on-year. The growing number of bets indicates rising interest in crypto gaming, but the greater availability of digital currencies may lead to slightly more economical bets.

“The advantages of employing digital currencies, such as swift transactions and anonymity, are key drivers for many players. Given these dynamics, the market demands expanding iGaming projects’ opportunities for crypto players. The in-game currency conversion, for example, allows operators to engage players with cryptocurrency assets in games initially designed for fiat transactions. The projects that embrace such possibilities continue gaining more advantageous market positions,” shares Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.

Crypto Bet Stabilisation

The average fiat bet remained steady at around 0.82 euro throughout the previous year. Despite fluctuations in the average crypto bet during 2023, ranging from 1.59 to 1.88 euro, the changes appear modest compared to the twofold drop observed in the average crypto bet during Q4’22, which reached 1.56 euros. This indicates a certain level of stabilisation in the average crypto bet throughout 2023. 

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “The dynamics of the average crypto bet align with crypto market fluctuations. When digital currency values stabilised in H2 2022, the average crypto bet also levelled out. Another thing is that the average crypto bet is almost two times higher than the average fiat bet, which testifies that digital currencies are potentially used by players with higher incomes. Operators should consider this to increase project profitability.”

Cryptocurrencies Rating

The Top Five most operated digital coins in iGaming landscape have remained stable during the last two years. 

In 2023, the cryptocurrency structure looks as follows:

  • Bitcoin – 73.3%
  • Ethereum – 9.9%
  • Litecoin – 6.6% 
  • Tether – 4.6%
  • Dogecoin – 3.1%

In Q4 2023, Bitcoin experienced a slight decline by a 5.7 p.p. compared to Q3 2023. Conversely, Ethereum and Litecoin showed growth of 4.7 p.p. and 2.2 p.p., respectively, during the same period.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The digital currencies market is rapidly expanding, with estimates showing over 50% growth in capitalisation in 2023. Despite the risks caused by the high volatility of crypto and its dependence on various factors, using it can bring extra profits for operators. The iGaming industry is promising for investments due to growth in both fiat and crypto markets, but success depends on trustworthy and experienced partners.”

 

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

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MGA Games joins forces with Solverde.pt, consolidating its presence in Portugal

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MGA Games, developer of localised slot games for global operators, has taken another step in its bid to expand in Portugal. The innovative provider of online casino slot games has completed the integration of part of its production portfolio into Solverde.pt, one of the main operators in the country. It is the largest online casino in Portugal, with more than 2,000 games, including slot games, Roulette, Blackjack and French Bank.

From this moment on, Solverde.pt players can enjoy MGA Games’ greatest hits, including Velho Oeste Mania Megaways, Paulo Futre The Last Gladiator, Elisabete Moutinho Capitã Nemo, Fanny Rodrigues Golden Throne and Popeye Caça Tesouros, among others. Megaways, 5-reel and 3-reel slot games that stand out for their excellent animation, quality of graphics and latest technology. A catalogue to be updated regularly for all Portuguese casino players.

With this agreement, the renowned online casino operator Solverde.pt will continue growing and acquiring fame and notoriety among the most demanding players, thanks to the quality of MGA Games productions.

Sérgio Pascoal, Solverde’s Head of R&D, says: “We are thrilled to introduce MGA Games, a leading Spanish studio in the world of iGaming, to our casino, bringing to our players their expertise in game branding, showcasing personalities from the realms of sports, reality shows, and media entertainment.” He added that “With a commitment to being different, MGA Games promises a unique and exciting journey and that’s what we always aim to bring to our players at Solverde.pt”.

Javier Lanfranchi, Sales Director at MGA Games, comments: “We are confident that our localised slots games will impress Solverde.pt players and make them feel the true excitement of the game. “We share a passion for entertainment, and we reflect this by offering top-notch content of great value to operators.”

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WA.Africa Market Expansion: WA.Technology’s Vision Unfolds at SiGMA Africa

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WA.Technology proudly confirms its attendance at the upcoming SiGMA Africa 2024 iGaming event. WA.Technology is enhancing its footprint across Africa via fresh iGaming experiences tailored for the African audience with its newly upgraded WA.Platform and African-specific WA.Africa omnichannel platform.

WA.Technology will present its full spectrum of B2B iGaming solutions at Booth 04S at the second edition of SiGMA Africa.

It takes place 11 – 13 March at the Sun Exhibits – GrandWest Casino and Entertainment World, in the heart of Cape Town, South Africa. Thousands of visitors can explore the latest trends in African iGaming and network over three days and enjoy insightful panels alongside the SiGMA Africa Awards.

Central to WA.Technology’s showcase will be the WA.Africa platform, specifically engineered to address the unique needs and preferences of the African market. WA.Africa emphasises omnichannel flexibility, seamlessly integrating mobile, retail, and online gaming experiences enhanced with AI-driven customisation and gamification powered by a knowledgeable regional team.

WA.Africa is part of a joint venture with respected African iGaming experts NE Group. NE Group has an established presence in Africa and has substantial expertise in creating successful platforms explicitly designed for the African market.

WA.Africa incorporates various versatile and captivating features to drive traffic for increased acquisition, engagement and retention while offering enjoyable tailored experiences for players, including:

  • Retail and online functions applied to land-based operations.
  • Mobile-first responsive design.
  • Data-driven BI reporting and dashboard tools.
  • Real-time performance tracking engine.
  • Certified live feed and odds feed integration.
  • Intelligent and flexible PAM.
  • Reactive CMS and CRM capabilities.
  • Auto and manual bonus management system.
  • Risk and trading management through Sportradar MTS
  • Wide range of adaptable betting features.
  • Automated KYC, fraud, and responsible gaming system.
  • Multi-affiliate system.

WA.Africa’s flexibility makes it ideal for operators looking to enter or expand within the region. Thanks to WA.Africa’s market specialists, the platform ensures operators can offer their customers a rich and engaging experience for African players and positions WA.Technology as a key player in the continent.

Visitors will also discover the updated WA.Platform, now more engaging and rewarding after significant enhancements. Highlighted at ICE London 2024, it introduces player-centric innovations such as a Casino AI tailored to individual behaviours, an AI-powered, localised CMS, and extensive customisation for brands and players. With improved back office support, advanced reporting, a versatile dashboard, a user-friendly site editor, upgraded security, and a contemporary design, WA.Platform ensures a personalised, secure, and immersive gaming experience for all users.

WA.Technology continuously seeks betterment, as demonstrated by new game options from WA.Fantasy and WA.Lottery – two of WA.Technology’s fastest-growing verticals – that proved popular hits at ICE London 2024 in an exciting fantasy and lottery free prize giveaway. Explore these innovative gaming solutions firsthand at SiGMA Africa Booth 04S.

At the recent SBC Summit Rio, poker enthusiasts enjoyed a unique, free-to-enter tournament hosted by WA.Technology that served as an ideal prelude to the Brazilian event.

WA.Technology’s fully optimised sports betting vertical WA.Sports will attract significant attention. WA.Sports provides an extensive range of betting options on global sports events, 500,000 pre-match and 360,000 live events,
complemented by the latest features such as live betting, cashout options, and tailored demographic marketing for African audiences.

Attendees can also learn more about WA.Casino, the ultimate end-to-end solution for launching a bespoke, feature-rich online casino that provides access to 6800+ games and 70+ top providers through a single API integration. Its complete customisation, rapid go-live capabilities, and extensive managed services ensure superior client satisfaction and player experience.

SiGMA Africa celebrates the continent’s immense growth potential and WA.Technology is eager to highlight its diverse range of unique, bespoke and client-centric products and services that meet the specific needs of African operators and players.

For more information about WA.Technology and its full spectrum of iGaming solutions, arrange to meet the team at Booth 04S during SiGMA Africa.

 

 

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