With the legalization of online sports betting in Maryland comes the opportunity to also place online wagers on significant events. Event betting in Maryland is an exciting way to place bets on some of the biggest events in mainstream society, and it extends beyond the realm of sports.
On this page, we’ll look at what event betting entails, the best Maryland sportsbooks for event betting, the different types of event bets, and address frequently asked questions about the topic.
Event betting guide MD
Betting on events is an expansive world, encompassing bets for different sports, the Olympics, music and movie awards, reality TV events, sports events, and so much more.
With the advent of legal online betting in Maryland, the opportunities only expand. Make sure to consider the best online sportsbooks for making your event bets and choose the ones that give you the greatest benefits and overall user experience.
Best Maryland betting sites for events
- BetMGM – Has a generous risk-free sign-up bet, parlay generator, live event and media coverage, live NFL betting (including the Super Bowl event), betting lines and odds, a customer help page, and regular promotions.
- Pointsbet – Offers extensive deposit and withdrawal methods, convenient sports betting mobile app, Live Chat customer support, exclusive Pointsbet MasterCard, Pick6 promotion, quick parlays, and so much more.
- Draftkings – Has generous sign-up offers, large intro deposit bonus, live in-game stats and game lines, Olympic Games event betting, and Super Bowl event betting, along with other championship bets.
- Fanduel – Has live game lines and updates, futures bets, regular promotions, a great risk-free first bet, odds boosts, customer support, and various deposit and withdrawal fund methods.
- Barstool Sportsbook – Has daily odds boosts, NFL event betting, various promotions, custom parlay bets, live betting, technical support, and multiple deposit and withdrawal methods (including Apple Pay).
Maryland online event betting
Online event betting encompasses exciting bets on various events in our society, from sports tournaments like March Madness and the Super Bowl to awards events for music and television.
These events often represent the outcome of a sports competition or the highest awards offered in a specific realm. Event betting is popular because you not only get to make competitive bets; you also get to tune into exciting events and wait patiently to find out the winners.
Types of events to bet on in MD
There are various types of online event betting in Maryland, and it is not exclusive to just major sports events. Take a look at some of the common types of event betting in Maryland, as well as the types of wagers you can place on these events.
Note that this list is only the tip of the iceberg, and the list just keeps on growing when it comes to events you can bet on worldwide.
March Madness betting online
March Madness is a single-elimination college basketball tournament in the U.S. that features more than 60 different teams. As a result, people have long betted on this NCAA event, even outside of the realm of online event betting.
For decades, people have created homemade brackets and betting pools in this basketball tournament. But now, Marylanders can use various online sportsbooks to place wagers on March Madness events (betting on outcomes of different parts of the tournament, including the final winner).
Here are some common wagers placed in March Madness betting:
- Prop/special bets – bets placed on aspects of an event that is not directly related to the outcome.
- Parlays – larger payout bets that combine multiple predictions, all of which must be correct in order to win.
- Moneylines – simplest way to bet on a winning player or team, but requires knowledge of game lines and odds.
- Teasers – similar to parlays but don’t pay out as much.
- Spreads – wagering on an outcome, where the accuracy of your prediction is key, rather than the win/loss outcome.
Betting on political events online
Only certain types of political bets are legal, so you have to be careful with these. The main types of bets placed on political events or outcomes are futures bets and prop bets.
Futures bets are wagers placed on the outcome of an event that has not yet finished, like an election (where you bet on the winner). And prop bets, as we established before, are more unique. In the case of political event betting, prop bets would look like things expected to happen in debates, political decisions made by elected officials, and more.
The Oscars online betting
You may not traditionally think of the Oscars when you think of making online bets. However, this high-stakes event is huge in America and a great opportunity to make wagers on outcomes.
The types of outcome-based bets you make are pretty straightforward since the Oscars consist of awarding movies and individuals in various categories. So, for example, you’d wager who will win the best actor, what movie will win the best picture, etc.
You can also place bets on similar movie awards events, like the BAFTAs or Golden Globes.
Super Bowl online betting
The Super Bowl is one of the biggest, if not the biggest, sporting events in the United States each year. People have long bet on professional football, and with online sportsbooks, the Super Bowl makes for a huge betting event.
As the top two NFL teams in the nation go head to head on this big day, bettors have the chance to place bets on a plethora of outcomes and possibilities.
You can look forward to moneyline bets (which team will win), prop bets (which team will win the coin toss, which player will fumble, etc.), parlays, and so many more.
Nobel Prize online betting
Did you know that bettors can even bet on worldwide events such as the Nobel Prize Awards? There are six different awards for this event, which means at least six different types of bets to place (outcome bets).
Most significant is the main bet on who will win the Nobel Peace Prize.
Reality TV show online betting
One exciting arena for online event betting that hasn’t been around as long as the others are reality TV show betting. Since reality TV has only been around for the past few decades, this new area of event betting is unique.
Since there are so many competition-based reality TV shows, it makes sense for people to make bets on outcomes and other factors. Shows like The X Factor, American Idol, The Voice, among others, are perfect for this type of betting.
Look forward to outcome-based bets such as who will win, who will be the first to go home, who will be runner-up, and more.
Olympic games online betting
We couldn’t talk about online event betting without mentioning one of the biggest sporting events in the world. The Olympics only happen every two years, which means people are waiting patiently to place bets.
Further, the Olympics entail a large list of sports and competitors, meaning the betting options are practically endless.
With Olympic Games betting, you can look forward to prop bets, futures bets, and parlays, which can entail anything from who will be a gold medalist in track and field to which gymnast will score the best overall.
Music Awards event online betting
Similar to movie awards event betting, music awards event betting is very much alive in the U.S. You can look forward to placing bets on the MTV Video Music Awards, the Grammys, the Brit Awards, and more.
People often make wagers on who will win the year’s best album, who will win best artist of the year, best producer, and more.
FAQ’s About Event betting in Maryland
Why should I bet on events?
The answer to this question lies somewhat in your preference, but event betting is great because it offers the widest variety when it comes to online betting. You don’t just get to bet on sports; you also get to bet on various events in society.
How old do I need to be to bet on events online?
In Maryland, the legal age requirement for placing online wagers on sports events is 18 years old.
What are the best bet types for beginners?
Most beginner bettors start with moneyline bets, where you simply bet on who you think will win an event (whether that’s a person or a team). However, prop bets are enjoyable bets, which is a fun way to get your start in betting.
Are there advantages to using multiple betting sites?
There are several advantages when using more than one betting site. Namely, you get to see which sites are offering the most competitive odds and when so that you can place the most valuable bets.
Do I have to pay taxes on my online betting winnings?
Yes, in the United States, online betting winnings are “income,” meaning they are taxable.