What is sports betting?
Sports betting involves wagering money on the outcome of a sporting event. Individuals predict aspects of a game, such as which team will win or the total score, and risk money based on their predictions. If their prediction is correct, they win money; if incorrect, they lose the money wagered. Sports betting became legal in Nebraska in May 2021 when the state legislature passed LB 561. However, the bill only legalized in-person sports betting, so online sports betting is not yet available.
In a first-of-its-kind study from the University of California San Diego Rady School of Management, researchers of the more than 700,000 gamblers that we studied , 96% percent appeared to lose money to online gambling,” Wilbur said. “Only 4% made money from online betting. That is by design. Online gambling platforms often ban or throttle frequent winners’ accounts.”
Taylor, W. J., McCarthy, D. M., & Wilbur, K. C.. (2024, June 18). Online gambling policy effects on tax revenue and irresponsible gambling.
Important things to know:
Legality: Sports betting laws vary by state. In the U.S., it's not legal everywhere. Check the laws in your state before considering placing a bet. (https://www.gamingtoday.com/ )
Age: You need to be at least 21 years old to legally wager on sports in Nebraska. If you’re under 21, you won’t be able to place a legal sports bet there.
Hold Up, Husker: Dangers of Compulsive Betting
Let's be honest, there's nothing quite like the feeling of a Husker victory. But lately, maybe the games have gotten a little more...charged. Maybe you've found yourself driving out of state to putting a few bucks on the spread, just to add some extra excitement. Here's the thing: while a little friendly wager can be fun, compulsive sports betting can turn into a serious problem.
Being a Cornhusker is All About Community, Not Debt
We all know Lincoln isn't exactly Vegas, but compulsive betting can leave you feeling like you're living in one. Imagine the sinking feeling of a close game slipping away, knowing you just dropped next semester's book money. That stress can snowball into major debt, wrecked credit scores, and forget about that new apartment – rent might be tight.
Memorial Stadium is Electric, But Don't Let Betting Kill Your Vibe
Think about it: you finally snag tickets to a sold-out game, but you're too focused on checking your bets to celebrate that pick-six with your friends. Relationships suffer when gambling takes priority. Friendships on hold, family worried – that's not the kind of team spirit we promote here in Nebraska.
GBR Doesn't Stand for "Gotta Bet Recklessly"
The stress of winning and losing can feel like a never-ending rollercoaster. You might be sleeping less, feeling anxious all the time, and with that kind of pressure, grades might start to suffer too. Before you know it, the fun of cheering on the Huskers is replaced by a dark cloud of worry.
There's a Whole Lotta Red in Nebraska, But Let's Not See Red From Debt
In the worst-case scenario, compulsive betting can lead to desperate measures. We've all heard the stories – people stealing or getting involved in illegal activities to fuel their habit. Trust us, that's a path you don't want to go down.
Remember, There's Help Available
If you or someone you know is struggling with compulsive sports betting, you're not alone. There are resources available to help. The National Council on Problem Gambling has a great website (https://www.ncpgambling.org/) with information and support.
Sports Betting FAQ
Can I use a sports betting app in Nebraska?
No, you can’t use a sports betting app in Nebraska. The only way you can bet on sports in the state is in person at a retail sportsbook.
Is DraftKings legal in Nebraska?
No, DraftKings isn’t legal in Nebraska. There are no legal mobile sportsbooks in the state.
Is FanDuel legal in Nebraska?
No, FanDuel isn’t legal in Nebraska. There are no legal mobile sportsbooks available in Nebraska.
How many online sportsbooks are in Nebraska?
There are no legal online sportsbooks in Nebraska. While you can bet on sports in person at the state’s retail locations, there are no mobile options.
When might Nebraska legalize online sports betting?
The earliest Nebraska could legalize online sports betting would be 2025. There are no current active bills or initiatives that are pushing for the legalization of online sports betting in the state.
Can I place bets on in-state college teams in Nebraska?
No, Nebraska has banned wagers on any in-state college teams, including the Cornhuskers, Creighton Bluejays and Omaha Mavericks.
Where can Nebraska residents place bets on in-state college teams?
Nebraska residents can travel to neighboring states like Iowa or Colorado to place bets on in-state college teams.
*"Many college students in Nebraska have personal connections with the players, as they are often peers. Do not approach players or pressure them for inside information. This behavior is illegal and will be reported, potentially resulting in disciplinary action by student conduct authorities."
Are there any restrictions on betting on out-of-state college games for Nebraska residents?
Nebraska residents can place wagers on any college games that take place out-of-state and do not involve Nebraska's in-state teams.
What are the most popular college sports betting markets?
College basketball, football, and baseball games are likely to be among the most popular betting markets for collegiate sports bettors.
What percentage of sports bettors win?
Very few sports bettors win in the long run. Our estimates show that only about 3% of sports bettors are profitable over time. The vast majority end up losing money, which is how sportsbooks remain in business. The odds are typically in the sportsbook's favor.
What is a good winning percentage in sports betting?
A “good” winning percentage in sports betting is 55% or higher. Winning 55% of your bets means you're slightly ahead, but due to the vigorish (the fee charged by sportsbooks), 55% might still not be enough to be profitable. You need a higher win rate, good money management, and the discipline to choose the right bets.
Is it possible to win long-term gambling?
Yes, it is possible, but it's very challenging. The 3% of winning bettors achieve this by putting in significant effort studying stats, matchups, and trends to gain an edge. They often specialize in certain sports or leagues and become true experts. Patience and discipline are crucial—they never chase losses or deviate from their system. Partnering with professional sports bettors can help overcome the house edge and improve your chances of joining the elite 3% of winning bettors.
Reference: Elite Pickz. (2024). How many sports bettors are profitable in 2024? (The truth!). https://www.elitepickz.com/
Alternatives to Sports Betting
Fantasy sports: These are games of skill where you build a team and compete against others based on player performance.
March Madness pools: These are informal pools where people contribute money and predict the outcome of the NCAA basketball tournament.
Pick a Prop Bet (without wagering): Prop bets are wagers on specific events within a game, like the first team to score a touchdown or the total number of three-pointers made. Choose a prop bet you find interesting and track it throughout the game.
Become a Student of the Game: Research the teams and players beforehand. Look for key matchups, injuries, and interesting storylines. This deeper understanding can make every play more meaningful.
Follow Social Media: Engage with sports analysts and fan communities on Twitter or Facebook. Live commentary and discussions can add another layer of excitement.
Watch with Friends and Family: The energy of cheering and reacting together can be a great way to heighten the experience.
Games and Challenges:
Pick 'Em Pools: Create a free pool where everyone predicts winners or specific game stats. The winner gets bragging rights or a small prize (like movie tickets).
Stat Tracking Competition: Choose a few key stats (points, rebounds, steals) and compete with friends to predict which player will lead in each category.
Fantasy Spinoffs: Explore alternative fantasy formats that don't involve real money. There are draft-based games or daily contests based on individual player performances.
Embrace the Fandom:
Themed Snacks and Drinks: Get creative with food and drinks that match the teams or the occasion. Even provide a Mocktail: Great Recipes located here (UNL mocktail link)
Themed Activities: Plan activities related to the sport. Play a quick game of basketball at halftime or have a mini golf putting contest during a baseball game.
Stenson, J. (2023, January 24). Is sports betting legal in Nebraska? Forbes. https://www.forbes.com/betting/legal/is-sports-betting-legal-in-nebraska/
If you or someone you care about needs help with a sports betting problem, use our free, confidential helpline. You can call 1-833-BETOVER (238-6837) or text 402-806-7344. The Nebraska Problem Gamblers Assistance Program (NPGAP) provides support services to Nebraskans and their family members.