At long last, gambling in Massachusetts has been legalized. This is great news for punters who have been looking for a way to place wagers on their favorite sports without breaking the law. As a result of this, it is now commonplace to see bookies licensed and regulated by gaming commissions in the state.

And with sports gambling now legal in the state, it gives rise to many questions, especially from newbie punters. One such question is the availability of Massachusetts betting promos on PickBoss.com and on other sportsbooks. Still, you need not worry as promos are readily provided by these bookies. 

Now, as an answer to other numerous questions that you may have, we have provided this article for you. Here, you get to gain important insight into need-to-know information about gambling in the state. Let’s begin.

What is The Eligible Age for Gambling?

Just like several other states in the USA, Massachusetts has a stipulated age allowed to gamble. And the minimum age for placing a wager is 21 years old. This is done to ensure responsible gaming and prevent problem gambling.

Do Gambling Rules Differ in Massachusetts?

The rules in Massachusetts are quite the same as those in other states. But the only difference is that there are a few tweaks and specifications added here and there. One such rule is a bill passed by the state legislature.

In this bill, Massachusetts ruled that sports betting should be regulated in the state. And they did this by enforcing that bettors pay a 20% tax rate for those who gamble online. As for those who play at retail shops, the tax rate is 15%.

In addition to this, punters are not allowed to place wagers on college teams playing within the state. The only time this is allowed is if the teams are playing in tournaments such as the conference tournament and hockey’s Beanpot tournament. So if you wish to place wagers on any sport, you must make sure they are events taking place outside the state.

What Are the Different Kinds Of Bet Types?

In betting, both online and in retail, there are several different ways you can place wagers. And so depending on the type that fascinates you, you can choose any of the following.

Straight Win or Moneyline

This is the most straightforward wager type you can place. Here, you are placing wagers based on who you think has a higher chance of winning the match. When you place wagers this way, the money line determines the amount you take home if your team wins as predicted.

Point Spreads

In point spreads, wagers are placed based on who wins and with what margin a particular team wins against the other. The bookies set the odds for this when one team has a higher chance of winning than the other. And this type of bet which is based on the margin-of-win gives higher payouts than money lines.

Over/Under

Over/under bets are those that allow you to predict the total score gotten by both sides in a match. That is if the total points or touchdown is below or above a certain combination. So here, the bookies give a list of odds and you get the option of predicting if both teams’ total would be higher or lower than the numbers set.

For instance, if a match has a total score of 88 and you bet over 87.5, then you win the bet. It’s that simple.

Parlays

Parlays, in simple terms, is a bet type that allows you to place multiple wagers on a single ticket. For example, you can predict the outcome of up to 7 different games in one bet. Thus, if all the teams you selected win, then you get paid but if anyone loses, then you hit a loss.

Essentially, parlays give you a higher payout than you would get if you bet singly. But it’s not as easy to win as single bets considering all the games on your ticket must be a win.

To sum up, sports betting in Massachusetts is not so different from betting anywhere else. All you need is a basic knowledge of betting and you are good to go. But remember to always gamble responsibly.