Legal, Indiana sports betting is now open. Thanks to a signature from Gov. Eric Holcomb on H1015, Hoosier State casino interests moved quickly to open sportsbooks before the upcoming NFL season.
Since 2019, almost every retail casino in the state has opened a sports betting facility. Additionally, there are now active online sportsbooks that are accessible via computer and mobile device.
Best online sports betting sites live in Indiana for 2020
How do I start online sports betting in Indiana?
Getting started with online sports betting is easy.
Over half a dozen apps are available for mobile and online use.
Each bettor’s app of choice is a matter of personal preference. Check out the sportsbooks reviews at TheLines and decide which one you want to try. Then follow the link to get straight to the account sign-up page.
Getting registered to bet on sports is straightforward. Simply enter your personal details, name, date of birth, email address etc. Then choose a screen name and password.
Once you have made a deposit you will be able to start making bets.
You will need to verify your age and identity before you can withdraw any winnings. The final regulations will determine what methods are valid, but typically all you have to do is send a photo or scan of your driving license or other ID document.
If you have a sports betting account in another state where it is legal, you cannot use that account in Indiana. You will need to open a new account for Indiana.
Mobile sports betting
Sports betting is available for both Android and Apple iOS devices. The account opening process is the same but you will first need to download the relevant app.
What sports can I bet on in Indiana?
The IGC has produced a list of the sports that casinos can offer for sports betting. The list of 19 sports and events is:
- Auto Racing–NASCAR (including Monster Energy Series, Xfinity Series Truck Series); Formula One; IndyCar
- Baseball–MLB and MLB Draft; NCAA – Division 1; Minor League Baseball – Triple A
- Basketball–NBA and NBA Draft; WNBA and WNBA Draft; NCAA – Division 1; Euro League and Euro Cup; International Basketball Federation (country v. country qualifiers/games/tournaments)
- Bowling–Pro Bowling Tour
- Boxing–International Boxing Federation; World Boxing Association; World Boxing Council; World Boxing Organization; Association of Boxing Commissions and Combative Sports
- Cricket–Men’s and Women’s World Cup; International Cricket Council
- Football–NFL and NFL Draft; NCAA – Division I; Canadian Football League; Arena Football League
- Golf—PGA; PGA Tour Champions; LPGA; Champion’s Tour; European Tour; Senior European Tour; International Events (i.e. Ryders Cup, Presidents Cup); World Golf Championships; Koran Ferry Tour
- Hockey–National Hockey League and National Hockey League Draft; NCAA – Division 1; International Ice Hockey Federation; World Championships
- Lacrosse–NCAA – Division 1
- Mixed Martial Arts–Ultimate Fighting Championship; Bellator MMA; One Championship; Professional Fighters League; Association of Boxing Commissions and Combative Sports
- Olympics–Summer and Winter (including trials)
- Rugby–Six Nations; World Cup; World Rugby (International country v. country qualifiers/games/tournaments); Four Nations
- Sailing–Americas Cup; International Sailing Federation
- Soccer–FIFA Sanctioned Events; Major League Soccer; UEFA – Champions League, EUROPA and Super Cup; English Premier League; Spanish La Liga; German Bundesliga; Italian Serie A; French Ligue 1; Mexican Liga Bancomer; NCAA – Division 1
- Softball–NCAA – Division 1
- Tennis–United States Tennis Association; Association of Tennis Professionals; Women’s Tennis Association; International Tennis Federation; NCAA – Division 1
- Track and Field–International Association
Sportsbooks can submit a request to the commission to accept wagers on events not included in the list.
Bets are allowed for league drafts for the MLB, NFL, NBA, NHL and WNBA, with bets ending at the start of each round.
What types of sports bets will Indiana offer?
The casinos running Indiana’s legal sports betting have access to extremely fast data feeds. Almost-real-time data combined with some fast processing means that sportsbooks can calculate the odds for an event almost instantly. This enables a sports betting experience light years ahead of that offered by offshore operators.
In-play betting and the option to cash out bets early are two advantages that the regulated market has over their illegal offshore competitors.
The bookmakers can also offer bets on a variety of events that go far beyond the simple outcome of a specific match. Modern sports betting is much more enjoyable and engaging than the traditional format of betting on the winner of a game.
The main bet types that Indiana sports betting operators will offer are:
The simplest type of bet is on which team will win a match. Straightforward bets like this are called moneyline bets. If the team you bet on wins, you win the bet.
The odds for a moneyline bet are known as moneyline odds. They are quoted like this:
- Indianapolis Colts -200
- Buffalo Bills +180
The minus symbol after the Colts’ name means that’s the amount you have to bet to win $100. In this case, you need to bet $200 on the Colts to win $100—plus your stake money back.
The plus symbol beside the Bills means you win that amount for every $100 you bet. A $100 bet on the Bills would win $180 plus your original stake back.
A parlay bet is one of the most common sports bets. The bet works by linking together a series of other simple bets into a single wager.
Instead of betting on one game, you bet on several games. It usually all take place on the same day.
To win the bet, you have to get every leg of the parlay bet correct—you must forecast the result of each game correctly.
If you have six legs in your parlay, meaning you have linked bets on six games together, you only win if you get all six right. If only one leg is wrong, you lose the money you have bet on all six.
There are two reasons parlay bets are so popular. First, tying the bets together means the bookmaker will give you a massive return on your bet if you do win. The chances of winning may be small, but the pay-off can be life-changing money.
Secondly, parlay bets can be enormous fun. If you have a four-leg parlay and you have won the first three legs, the sweat for the final leg is a real high.
Spread bets act as a form of handicapping. The favorite team must win by more than a certain number of points for you to win a bet on them. The underdog must lose by less than a set number of points for a bet on them to pay off. It’s a bit like handicapping to create a more equal chance of winning.
The sportsbook sets a spread based on the final score of a match. Obviously, the favorite is expected to win, so the bookmaker sets a line. This is stated as a negative figure such as -15 for an NBA game.
The underdog also gets a line but this is expressed as a plus figure, such as +30.
- If you bet on the favorite and they win by more than the spread, you win.
- If you bet on the underdog and they lose by less than the spread you win.
The spread figure is always accompanied by the odds for each team beating the spread. You use these odds to calculate the potential winnings.
Futures bets refer to wagers on events that are some way off such as the end of a season or a particular proposition bet that won’t complete for a long time.
Betting on the Super Bowl winners is a Futures Bet if you do it months before the teams that will play are known. So, the odds are much better than if you wait to the beginning of the game to make your bet.
The MVP in a particular league is something that will only be known at the end of a season. Making your bet at the beginning of the season is pretty risky, but again gets a potentially high return.
Indiana regulations set some minor limits on futures bets. For example, wagers may be taken on season-end awards up to the time the votes are due. They may not be placed after votes have been cast but before the result is known.
An over-under bet is also called a totals bet. These are bets where you predict whether the combined score of both teams in a game will be more or less than a specific number.
There are variations, but the basic over-under bet is on the final score of the game. If you bet the over and the score is higher than the quoted number you win. If you bet the under and the score is lower you win.
For example in the recent match between the Dodgers and the Padres, the Totals bet was quoted as:
LA Dodgers O 10.5 +100
SD Padres U 10.5 -130
The odds aren’t exactly the same for the over and the under. The difference represents the price of the bet, or the vig.
The Teaser bet is similar to the simple parlay, but no moneyline bets are allowed. All the components of a Teaser bet are either totals, or spread bets.
With a Teaser, the bettor gets to adjust the point spread or the total up or down a certain number of points. That makes each part of the bet easier to win, so the odds are lower and the potential pay out is less.
Although Teaser bets can change the totals or spreads, each leg of the bet must use the same number of points. The elements of the teaser parlay can go in either direction—you don’t have to have all bets on the favorites or the underdogs.
As with all parlay bets, the more teams included in the Teaser the longer the odds and the higher the potential winnings.
Round Robin bets
Just as a parlay ties together several simple bets, a Round Robin ties together several parlay bets. The big difference is that the round robin doesn’t demand that you win every parlay.
To put the round robin together you make a list of teams and select how many of them form the basis of your parlay bets.
For example, an eight line bet includes eight teams and if you tie three together, then your round robin includes wagers on every combination of parlays between every three teams, a total of 56 separate parlay bets.
The online sportsbooks make it easy to put on a round robin bet. The software does all the calculations and enables bettors to try out different combinations of teams and parlays to get the wager they want to make.
In-game or in-play betting refers to bets placed after a game has started. In Europe, in-game betting offers an incredible variety of options and has become the most popular form of sports betting.
In New Jersey, around 60 percent of bets are made in-play.
In Indiana, the figures may not get quite so high. The regulations set several restrictions on in-game betting:
- In-play college player proposition bets are prohibited.
- Permitted in-play wagers for professional and collegiate sporting events are limited to wagers that are considered settled at a natural game or contest breaks, such as the end of a quarter, inning, boxing round or completed hole of golf.
That still leaves plenty of scope for having fun placing bets while watching the game.
How do I deposit cash at an Indiana online sports betting site?
The sports betting operators and casinos want to make it as easy as possible for you to deposit cash with them. To that end they will strike agreements with as many banks and payment processors as possible.
Deposit methods in Indiana will include:
- In person at the cashier’s cage of the casino offering the online app.
- Credit/debit cards
- Online bank transfer
- Casino prepaid cards
- ACH eCheck
Withdrawal methods don’t always include all the possible ways to deposit, but every licensed sportsbook will provide a fast and easy way to withdraw your cash.
One major advantage of the legal state-regulated sports betting market is that it is easy and fast to get your cash back. The offshore unregulated market is not so convenient.
What other gambling is legal in Indiana?
Outside the casinos, horse race betting is popular in Indiana. Pari-mutuel betting was legalized in 1969.
The two racinos at Hoosier Park and the Indiana Grand offer a full program of horse race betting. Both will soon add sports betting to their offer.
While there is a thriving casino industry offering all manner of casino games and poker, the new laws do not allow online poker or online casino games.
Indiana sports betting law
The new law makes sports betting legal at state casinos, racinos, and off-track betting shops.
Currently there are 10 land-based or riverboat casinos on Lake Michigan and the Ohio River and one in French Lick. In addition, there are two “racinos,” horse tracks with licensed casinos. There is also one tribal casino.
All have the opportunity to apply for sports betting licenses. The existing casinos in Indiana are:
|Blue Chip Casino||Michigan City||Riverboat|
|Four Winds South Bend||South Bend||Native American|
|French Lick Resort Casino||French Lick||Land-based|
|Horseshoe Southern Indiana||Elizabeth||Riverboat|
|Indiana Grand Casino||Shelbyville||Racino|
|Majestic Star II||Gary||Riverboat|
|Rising Star Casino Resort||Rising Sun||Riverboat|
The law contains some restrictions:
- In-game betting is permitted, but the Indiana Gaming Commission (IGC) will restrict it if it deems it necessary.
- No wagering on esports is permitted.
- No sports bets can be placed on amateur athletes under 18.
- The law only applies to sports betting not to online poker or online casino games.
Indiana has set license fees and taxes at a low level. Fees are $100,000 with a $50,000 renewal. State gambling taxes will be levied at 9.5% with a set percentage going to fund solutions to problem gambling.