In May 2019, Fox announced a deal with The Stars Group, a large gaming conglomerate, to launch FOX Bet.
FOX Bet now operates its online sportsbook in four states: Colorado, New Jersey, Michigan and Pennsylvania. Mobile App & WebsiteĪs its name would lead you to believe, FOX Bet is owned, in part, by the same Fox Corporation that broadcasts sporting events around the U.S. FOX Bet is more robust in the first part - they offer very competitive odds for most markets - but their promos and increases are average in the industry. That's why it's important to price shop, take advantage of sign-up offers and keep your eye on odds boosts. In other words, going 50% on your bets means you'll lose money over the long term.
New bettors will find out that it's challenging to make money as a sports bettor, partly because it's difficult to predict the future, but most importantly because of the juice - also called the 'vig' - which is the tax a book takes on each bet.
