Soccer betting has finally come to Iowa after the state approved legislation to legalize all live and online sports wagers in 2019.
Iowa became the latest state to legalize sports betting after the Supreme Court lifted a decades-long ban on sports wagers outside of Nevada in 2018. The state has already licensed nearly all its 19 casinos to offer sports wagers in person and online to any adult over 21 who is located in the state. Mobile betting has been approved, but the applications are not expected to launch until the start of the football season. Players who want to place mobile wagers must first register in person at a casino in order to access the apps.
Though soccer betting is still being rolled out in the state, the new law means you can now legally bet on soccer and play daily fantasy MLS games.
How to Bet on Soccer
Most MLS bets are placed on the moneyline, the spread, or the total.
The spread requires the favorite, denoted with a minus sign, to win the game by a certain margin of victory in order to win the bet. So if the Chicago Fire is a 1-goal favorite over the Minnesota United FC, they must win by at least 2 goals in order to win the bet. If they were a 0.5-goal favorite, they would have to win by 1 goal. If the Minnesota United FC were a 1.5-goal underdog, they can lose the game by up to 1 goal and still win the bet.
You can also bet on soccer games using the moneyline, which uses higher payouts to attract betting on underdogs instead of a point spread. The moneyline simple denotes the ratio between your wager and the payout. So if the Fire are a -150 favorite, you would have to bet $150 to win $100. If Sporting Kansas City is a +150 underdog, your $100 bet would win $150 on top of your original bet.
Along with game winners, many also bet on the goal total. Every sportsbook allows you to wager on whether the goal total will be “over” or “under” the combined total projected by the oddsmakers.
Types of Soccer Bets
Along with the three most common types of bets above, many online sportsbooks also allow you to place several other wagers.
In-game betting allows you to wager on numerous individual events based on odds that change in real time.
Prop bets are like in-game bets but are usually placed before the game. Prop bets allow you to bet on virtually any single-game event, like whether a player will record a hat trick or how many saves a goalie will get. Most sportsbooks will allow you to bet on the half time and full-time score or the exact score.
Futures bets are just like prop bets but allow you to bet on long-term, usually season-long events, like who will win the MVP or which team will win the Western Conference.