Best US Sports Betting Apps: Top Mobile Sportsbooks
Top 10 US Sports Betting Sites for 2023
Sports betting is expanding across the world. While major sporting events have always been popular, the growth of betting legislation has changed the way many fans watch games. Because there are so many online sports betting sites available on the market right now, the battle for the most popular sportsbook app continues to heat up. Currently, there are plenty of top sportsbooks that bettors use consistently, with the most popular being Caesars Sportsbook, DraftKings Sportsbook, BetMGM Sportsbook, and FanDuel Sportsbook. Because there are so many available options, brand new bettors can shop around to find the online sportsbook that’s best for them. On this page, you’ll learn all the essential details on the different available sportsbooks, such as the best promotions, interface, and welcome bonus.
The experienced staff at LINEUPS.com has studied these different online sports betting apps to ensure that new bettors can find the platform that’s right for them. Check out the rest of this page to learn all about the top 10 US sportsbooks out there, with information on how to register and place bets as well as which betting app has the best signup promo. Choosing a welcome bonus is essential when you’re signing up for a new sportsbook, as it allows you to start out with an insured first bet or deposit match bonus in betting credits. Just enter the listed promo codes or click through the online sportsbook links to make sure you get the maximum bonus.
Ranking The Top Sportsbook Apps
- DraftKings Sportsbook: Best Overall Sportsbook
- BetMGM Sportsbook: Best for Rewards
- Caesars Sportsbook: Best for Promotions
- BetRivers Sportsbook: Best for Daily Bettors
- FanDuel Sportsbook: Best for Multi-Faceted Bettors
- PointsBet Sportsbook: Best for Experimental Bettors
- Bet365 Sportsbook: Best for Major U.S. Sports
When you’re choosing a new online sportsbook to sign up for, it’s important to focus on what type of bettor you are. Each sports betting site on the market has plenty of unique features that set it apart from the competition. DraftKings Sportsbook has one of the best welcome bonuses in sports betting, with a maximum of $1,050 in betting credits, as well as one of the best app interfaces around. Coming from one of the biggest names in gaming, BetMGM Sportsbook is ideal for rewards-focused bettors, as the more MGM Rewards you collect, the more likely it is you’ll get perks for dining, entertainment, MGM Resorts stays, and much more. If you’re more focused on big promotions, you’ll want to check out Caesars Sportsbook, which consistently gives bettors a wide variety of promos such as parlay boosts and bet incentives on different sporting events. Similarly, BetRivers gives users plenty of profit boosts and other promos, with some focused on specific days of the week for daily bettors.
If you’re a fan of sports betting, casino gaming, daily fantasy sports, and horse racing, you should take a look at FanDuel Sportsbook, as you can use one unified login for the sportsbook as well as FanDuel Casino, FanDuel DFS, and FanDuel Racing. While many U.S.-focused sportsbooks focus purely on more local sporting events. If you’re looking for a more unique wagering experience, PointsBet Sportsbook might be for you, as its unique Points Betting option gives you the opportunity to hit bigger wins based on the final outcome of a game. If your focus is more on the major sports leagues (NFL, NHL, MLB, NBA), you’ll want to check out Bet365 Sportsbook, which focuses on providing users with a simple interface to bet on the top U.S. sporting events.
Contents
Best Sports Betting Sites
With the rapid growth of the sports betting industry, a large number of different sportsbooks have entered the market. Each sportsbook has something unique to offer, especially when it comes to the signup promos. Here are the current best online sportsbooks available.
1. DraftKings Sportsbook
DraftKings started as one of the best Daily Fantasy Sports (DFS) providers in the country and has now launched a comprehensive sportsbook that is available in a number of states as well as internationally in several countries. DraftKings Sportsbook is available both on desktop platforms and through its mobile application. The sportsbook is 100% safe and secure, and offers a variety of methods for depositing and withdrawing money. DraftKings transfers are completed quickly and painlessly.
DraftKings Sportsbook is built to appeal to a wide variety of bettors, particularly with a mobile application that features a stunning user interface and clean functionality. DraftKings has one of the best apps in sports betting, making the whole process simple for users. Even though DraftKings offers tons of different sports, the interface is approachable for new users. DraftKings also offers some of the best promos around for getting free credits and maximizing profits.
In addition to the extensive odds boosts and promotions for existing users, DraftKings offers one of the best new user bonuses in the industry. At the time of signup, new users can receive a $50 bet credit with no deposit required as well as a deposit match of up to $1,000 in the form of a 20% match rate on your initial deposit. In other words, you will need to deposit $5,000 to receive the maximum $1,000 bonus. Click through our exclusive links to access this great offer! DraftKings Sportsbook is currently available in several states, including New York, Michigan, Arizona, Connecticut, Virginia, Tennessee, New Jersey, Pennsylvania, Colorado, Indiana, West Virginia, and Iowa.
2. BetMGM Sportsbook
While DraftKings and FanDuel have parlayed their strong customer base from DFS into their mobile sports betting platforms, BetMGM Sportsbook has a strong foundation in the MGM International and GVC Holdings companies. MGM is a globally recognized betting brand, and its sportsbook features the luxury its customers have grown accustomed to. BetMGM features some of the most extensive banking features and a great offering of rewards and loyalty programs associated with the greater MGM brand.
BetMGM features some of the best promotions in the sports betting industry, including its Lions’ Boost, which is one of the best odds boosts out there. BetMGM also offers such promotions as risk-free prop bets, long-term challenges, parlay profit boosts, and more. Those make for an awesome platform for bettors who love long-term and daily boosts. With a wide range of sports, an immersive selection of prop bet markets, and tons of live-betting features, BetMGM truly has one of the most extensive betting selections out there.
BetMGM offers new users a bonus of a $1,000 for the sportsbook as well as a $1,000 deposit match at a 100% rate for the casino. In addition, BetMGM offers new users a $25 bonus with no requirements for its online casino. Use the promo code “LINEUPS” to access this offer. BetMGM is currently live in Virginia, Michigan, Arizona, Iowa, Colorado, New Jersey, Indiana, Pennsylvania, Tennessee, Ohio, Maryland, West Virginia, and Washington D.C. Currently, New York is not offering new-user bonuses for those within the state.
3. Caesars Sportsbook
Caesars Sportsbook is the third sportsbook along with DraftKings and FanDuel to have an exclusive partnership with the NFL. Its recent acquisition of William Hill, an English sportsbook, has helped Caesars launch a new sportsbook application that features some of the best user interfaces and betting offerings out there. Caesars has a ton of retail casinos, but you don’t need to visit one of them to bet now as the brand’s mobile application allows users to bet from anywhere, so long as they are within the confines of one of the states where Caesars Sportsbook has launched.
Caesars Sportsbook is a great option for all kinds of bettors, particularly those who plan to make an initially large deposit as the bonus bet is one of the largest in the industry at $1,250. Caesars Sportsbook is particularly great for users looking to bet on international sports as the partnership with William Hill has allowed Caesars to offer a wide range of European soccer, golf, tennis, and more. Caesars Sportsbook provides excellent customer support and seamless banking options.
As mentioned, Caesars Sportsbook has potentially the best signup offer in the sports betting industry with a $1,250 bet on Caesars plus get 1,000 Tier Credits and 1,000 Reward Credits®. New users can place a wager up to $1,250 and receive that stake amount in the form of a bet credit if the wager loser. Use the promo code “LINEUPSFULL” to access this excellent offer. Caesars Sportsbook is currently live in New York, Ohio, Maryland, Michigan, Arizona, Louisiana, Tennessee, Virginia, New Jersey, West Virginia, Indiana, Colorado, Iowa, and more.
4. BetRivers Sportsbook
BetRivers underwent a rebrand in 2019 that made a huge impact. Initially, Rivers Casino was SugarHouse Casino, and around the same time that the rebrand was taking place, so was the investment into the online sports betting marketplace. It spent $5 million on the BetRivers sportsbook, and the rest is history. BetRivers began its story in Pennsylvania and has since expanded to several states that allow online sports betting.
BetRivers has a terrific loyalty and rewards program that can rival every other sportsbook. The program is set up by tiers, and for each tier, you climb by gaining more rewards points, the better the rewards and gifts. This is an aspect of BetRivers that should not be ignored, as BetRivers takes its customer loyalty seriously.
Similar to Caesars and BetMGM, BetRivers awards new users a 2nd chance bet up-to $500. Essentially, this means that all money that is lost from an initial wager of up-to $500 will be credited to your account, and that money can be wagered again. And that’s not the only promotion, as BetRivers offers weekly odds boosts plus different opportunities to get betting credits.
5. FanDuel Sportsbook
FanDuel has become a major player in the sports betting industry as its mobile betting app is now live in over eight states. While it started as a top DFS provider, FanDuel’s mobile sportsbook is now an even bigger product. Lineups.com has been working with FanDuel since 2013, and we recommend it as one of our favorite sports betting platforms. FanDuel offers a wide range of sports and is working on adding even more markets. The mobile application for FanDuel is arguably the best in the industry, and it combines an efficient presentation with seamless functionality.
FanDuel Sportsbook is an excellent choice for a number of different types of bettors. With FanDuel’s Same Game Parlays, bettors who want to be fully immersed in one specific game can have the most personalized and unique experience available. FanDuel provides arguably the most extensive prop bet markets in the industry, meaning each game on the schedule has tons of betting potential.
To go with its excellent features, FanDuel Sportsbook has decided to provide one of the best signup offers in the industry. New users can access a no sweat first bet of up to $1,000 at the time of signup. In other words, new users can place a $1,000 bet on any individual outcome and be credited with site credit if the bet loses. All that is required is registration of a new account and a minimum deposit of $10. Click through our exclusive links to access this offer today! FanDuel is currently live in Virginia, Tennessee, Illinois, Iowa, Michigan, New Jersey, Pennsylvania, Indiana, Arizona, New York, Connecticut, and Colorado, and it should be successful in adding more markets in the near future.
7. PointsBet Sportsbook
PointsBet Sportsbook came onto the scene in America in 2019 and has not looked back. Originally an Australian company, PointsBet has developed a strong brand amongst incredibly tough competition. Initially, PointsBet was at a disadvantage because of major American companies having strong brand recognition in the states. However, with its aggressive first-time user promotions and a plethora of available betting sports and betting types, PointsBet has positioned itself towards the very top of the online sports betting industry.
PointsBet is a perfect sportsbook for creative bettors with a desire to take on unique types of bets that other sportsbooks simply don’t have. Its PointsBetting wager type is one of the most clever in the industry, and it doesn’t stop there. There are also specialized props that feature some super interesting player and team bets. PointsBet is a great sportsbook for anyone who takes betting seriously but also likes to add in a little fun with different types of wagers.
PointsBet has first-time users covered with two seocnd chance bets that can total up to $2,000. This is one of the biggest signup bonuses in the sports betting market. These second chance bets have to be one fixed odds bet (up to $500 second chance) and one PointsBetting wager (up to $1500 second chanc.) PointsBetting is specific to PointsBet, and you can’t find this type of bet anywhere else!
8. Bet365 Sportsbook
Founded in 2000 by Denise Coates, Bet365 is a popular international betting company. Coates put together the platform as well as a trading team, with the official online launch happening in March 2001, over 20 years ago. Although the platform has expanded into the U.S., Bet365 also has branches in Australia, Bulgaria, Malta, Manchester, and Gibraltar.
If you’re a fan of the four major sports in the U.S. (NFL, NBA, NHL, and MLB), you’ll find what you need with Bet365. However, Bet365 is also an ideal spot for sports that won’t pop up on every platform. For example, you can wager on everything from cricket and cycling to darts and snooker. The sportsbook also offers parlay bonuses on sports like tennis and soccer, as well as parlays across multiple sports.
Currently, New Jersey is the only U.S. state where Bet365 is available. However, don’t count out more expansion across the U.S., especially with increased legalization; Ohio and Maryland launched. For the current New Jersey residents, there is an enticing promo to get them involved with Bet365. Just use the promo code “LINEUPS” during registration and individuals will receive $200 in bet credits after making an initial $1 wager.
Comparing Sportsbooks & Promos
Since the federal ban on sports betting was struck down in 2018 we have seen a wide variety of sportsbook operators begin partnering and launching in states where sports betting is now fully legal. That has brought an abundance of promotions and bonuses for new users. Most come in the form of a new user bet or deposit bonus match. However, the promos and bonuses range from sportsbook to sportsbook. Caesars Sportsbook is currently offering the largest bet on the house, of $1,250 using “LINEUPSFULL”. DraftKings Sportsbook is offering a free $50 bet with your first deposit in addition to their $1,000 deposit bonus.
Sportsbook Bonuses, Bet Credits and Promo Codes
Most of the sportsbook bonuses and promos for new users come in the form of deposit bonuses and/or new user bets. Deposit bonuses are where the sportsbook will match what you initially deposit and release in the form of site credits for you to wager with. You will need to play through that money to be able to withdraw. The new user bets are where your initial bet after signing up will be refunded back to you in site credit if that bet does not win. Terms vary by the sportsbook for odds limits and time you must use the new user bet by. Check out the top promo codes and bonuses.
| Sportsbook | New-User Promo Value | New-User Promo Details | New-User Promo Code |
|---|---|---|---|
| DraftKings Sportsbook Promo Code | $1,200 | $1,000 Deposit Match at 20% Rate $200 in Bonus Bets | No Code Click Link |
| BetMGM Sportsbook Bonus Code | $1,000 | $1,000 First Bet Offer | LINEUPS |
| Caesars Sportsbook Promo Code | $1,250 | Up To $1,250 Bet On Caesars plus get 1,000 Tier Credits and 1,000 Reward Credits® | LINEUPSFULL |
| BetRivers Sportsbook Bonus Code | $500 | 2nd Chance Bet up-to $500 | LINEUPS |
| FanDuel Sportsbook Promo Code | $1,000 | $1,000 No Sweat First Bet | No Code Click Link |
| PointsBet Sportsbook Promo Code | $250 | $250 Bet Credits | LINEUPS |
| Bet365 Sportsbook Bonus Code | $200 | Bet $1 Get $200 | LINEUPS |
How to Bet on Sports in the US
Betting on sports is a super easy process that here, at Lineups.com, we can help you out with. Most of the work has already been done for you, and the only thing you have to do is follow the steps below!
Find A Legal US Sportsbook
The first thing you need to do is download the DraftKings Sportsbook app or visit DraftKings Sportsbooks’ website on your desktop. It is key that your wifi or mobile device has geolocation turned on. This way DraftKings can confirm that you are indeed in Tennessee.
Select a Sign Up Bonus
Using our site you will find huge promotions and bonuses for signing up on many of the major sportsbooks. Make sure that you click on the link provided on our sportsbook reviews to maximize your sign up bonus. These bonuses range from $100s in promotions, as well as tons of money in deposit matching.
Create Your Account
Once you have clicked on the link to make sure that you are getting the promotion, the next thing to do is register your account, either on your mobile device or desktop. One key thing to note here is that you must have geolocation turned on whether you are using wifi or mobile data. The sportsbook needs to be able to confirm that your location is indeed within state borders, for whatever state you are betting in. If it cannot verify your location, the sportsbook will not let you register/place bets.
When registering, you will need to hand over quite a bit of personal information, depending on the company and state. However, every sportsbook that has gone through our 3-point check is safe and has tight security on your information. These details are needed so that they can confirm your identity and also make sure that you are of legal betting age.
Depositing/Withdrawing
Once your account is created, the next step is to deposit money. Most major sportsbooks will accept debit cards, credit cards, PayPal, bill pay, and many more options. The deposit should go through quickly and then you can be on your way to betting.
Once you want to cash out on your bankroll, you will be given the same options, and the money should be transferred to your destination of choice quickly. Remember that if you used a promotion that rewarded you cash from deposit matching or bet credits, then this money is not eligible to be withdrawn. Make sure to read the fine print and understand when and what money you can withdraw from your bankroll when using promotions!
How to Choose an Online Sportsbook
First of all, you want to choose a Sportsbook that is legitimate. All of the top 8 sportsbook sites listed on this page pass our LINEUPS 3-Point Check System. The 3-Point check makes sure that the Sportsbook is legal, licensed, and safe. This means that the sportsbook only operates in states where it is legal to do so, it only operates when licensed to do so, and that the sportsbook is regulated by an overseeing body.
The next big thing to check is if the sportsbook is available in the state you plan to wager in. Every state has different laws and different sportsbooks. FanDuel and DraftKings have the two largest reaches when it comes to the number of states that they are available in.
Once you know the sportsbook is licensed, legal, regulated, and available it is time to choose the best one for you. Things to keep in mind include how big of a new user bonus that sportsbook is offering, as well as if the sportsbook carries the betting markets you are looking for. Each sportsbook site has different wagers and some have more than others.
Of course, there is also the user interface, support, banking options, and more to consider. You want to pick a sportsbook site and sportsbook app that you are comfortable using. You can check out in-depth reviews for all of our sportsbooks, here on Lineups.
US States With Sports Betting
Sports betting is legal in PA and mobile apps are available on iOS & Android. Lineups has exclusive PA welcome bonus offers.
Sports Betting is live and legal in New Jersey. Lineups has in-depth reviews and the highest sign up bonuses for the top NJ Sportsbooks.
Arizona mobile sports betting went live in September of 2021, right in time for the 2021 NFL Season. Lineups has the max free bonuses from the best AZ Apps.
Mobile sports betting is live for all of New York. Lineups has exclusive free bet promo codes for the best NY betting apps.
Sports betting is legal in CO and the top sportsbook apps are ready for download. Lineups has the highest CO bonuses.
Sports Betting is live and legal in Indiana. Lineups has reviews and the highest sign up bonuses for the IN betting apps.
Sports betting launched in Tennessee on November 1, 2020. Our Top 3 sportsbooks are taking bets and offering free money on sign up.
Sports Betting in Michigan launched in mid January 2021. 7 of our top-rated sportsbooks are approved for mobile bets in MI.
Sports betting launched in Virginia on January 22, 2021. The nation’s leading sportsbooks are live. If you’re in VA, you can legally bet now.
Sports Betting in Ohio launched January 1st, 2023. 7 of our top-rated sportsbooks are approved for mobile bets in OH.
Other States With Sports Betting
Connecticut
Connecticut launched online sports betting on October 19th, 2021. Connecticut is using a similar model to that of Michigan where sportsbooks had to receive licensing from tribal casinos. However, one sportsbook was licensed through the Connecticut Lottery, SugarHouse Connecticut. Both SugarHouse and FanDuel Connecticut are live!
Wyoming
Wyoming was another state to launch in 2021. It has seen relative success given the size of the state and DraftKings, BetMGM, and FanDuel are currently live!
Illinois
Illinois went live with online sports betting back in 2020 but hit a wall due to the pandemic. They have struggled to capture the success of nearby states due to the in-person sign-ups and delays in launching retail sportsbooks due to city and league issues.
New Hampshire
New Hampshire moved ahead of other New England states and launched sports betting in 2019. DraftKings is the only operator in the state, which has mobile and online sports betting apps.
Louisiana
Louisiana sports betting officially launched on January 28th, 2022, and plenty of sportsbooks are now available in the area. In fact, Caesars Sportsbook has the naming rights to the Superdome, the home stadium of the New Orleans Saints.
Kansas
Kansas was one of the few states to go live in 2022 and while a relatively small market, the state has a competitive group of sportsbooks currently operating both retail and through mobile apps.
Maryland
Maryland sports betting launched on November 22nd, 2022. You can find our favorite Maryland sports betting apps and promo code views through the Maryland sports betting page.
Upcoming State Launches
Maine
On May 2, 2022, Maine’s governor, Janet Mills signed a sports betting bill that gives the state’s tribes exclusive rights to conduct an online sports betting market. Maine’s existing casinos will also be able to take wagers. But don’t get too excited – Maine’s Gambling Control Unit, which will govern sports betting when it launches, is not expecting people to actually place bets until somewhere between April 2023 and January 2024.
Massachusetts
A sports betting bill was passed in Massachusetts as of July 31, 2022. It is now awaiting governor approval which is expected to come easily. Lawmakers have hinted at a possible launch before the end of the year but it’s very likely that it ends up being sometime in early 2023. Massachusetts-based operators Barstool Sportsbook and DraftKings expressed their excitement early on and will likely be among the first issued licenses.
Florida
The Florida sports betting market is in limbo at the moment, after seeing the brief launch of a single platform in November of 2021 with Hard Rock Florida. However, after less than a month of operation, the state’s gaming compact with the Seminole Tribe was ruled to be in violation of the Indian Gaming Regulatory Act by Judge Dabney L. Friedrich. Now, Florida sports bettors have to wait for a potential relaunch of legal online sports betting.
Top US Sportsbook Apps Odds Comparisons
One of the optimum sports betting strategies is to have access to as many sports betting apps as possible. This ensures that you can take advantage of each sportsbook’s unique promotions, but you can also compare odds between different possible bets on the various platforms. For example, let’s say the Los Angeles Rams are -115 on the moneyline to beat the Buffalo Bills on DraftKings Sportsbook. If you’re signed up for FanDuel Sportsbook and see that the Rams are facing moneyline odds of -105, you’re getting a better number placing your wager with FanDuel. The same goes for many different types of bets, such as futures bets, parlay bets, and player prop bets. Whether you’re signed up with DraftKings Sportsbook, FanDuel Sportsbook, BetMGM Sportsbook, Caesars Sportsbook, or whichever sportsbook app you prefer, having multiple options helps you get the best betting odds every time.
US Sportsbook Apps MLB Futures Odds
If you’re planning on betting on World Series futures, there are varying odds across the different sportsbooks. While most online sportsbooks have the Los Angeles Dodgers as one of the favorites to win it all right now, you will see different odds on different sports betting apps. While BetMGM Sportsbook and DraftKings Sportsbook both list the Dodgers at +450 to take home a title this season, FanDuel Sportsbook has the team at +440 while Caesars Sportsbook lists them at +420. Make sure to check out all the different odds on sports betting sites before placing your World Series futures bet.
US Sports Betting Background
United States sports betting was federally illegal until 2018. In 2018 the Professional and Amateur Sports Protection Act of 1992 was challenged in court in Murphy v. National Collegiate Athletic Association; the case made it to the Supreme Court where the court deemed PASPA unlawful as it conflicts with the Tenth Amendment.
Now, each state and territory has the right to decide if it would like to legalize sports betting. Several states have gone forward with legalizing, regulating, and taxing sports wagering. Most of these states have also legalized online sports betting. This new movement pushed companies such as DraftKings, FanDuel, MGM Resorts International, and many more to create online sportsbooks. Now, in states such as Michigan, Virginia, and Tennessee, you have an entire sportsbook readily available to you online via a sportsbook site or mobile app.
US Sports Betting FAQ
- What sportsbook has the best new-user bonus?
- Which online sportsbook is the best?
- Is US sports betting legal?
- Can I bet on sports?
- What is the legal betting age?
- Can I bet on sports when visiting a state?
- Can I bet on collegiate sports?
- Can I bet on sports from my phone?
- What is an offshore sportsbook & is it safe?
- Can I use Paypal to deposit and withdrawal money?
- Are winnings on sportsbooks taxable?
- Is Daily Fantasy Sports considered sports betting?
What sportsbook has the best new-user bonus?
Caesars Sportsbook’s $1,250 new-user bet is unrivaled – most other sportsbooks offer something along this lines of a $1,000 insured bet. If you’re looking for a deposit match, DraftKings offers up to $1,000 at a 20% rate while BetMGM offers up to $1,000 at a 100% rate for its online casino.
Which online sportsbook is the best?
It’s difficult to pin down just one sportsbook as being the best, but DraftKings and FanDuel are the perennial leaders in betting handle and that says something. Caesars’s new platform in partnership with William Hill is making a strong run at best user interface, though.
Is US sports betting legal?
Yes, the United States Supreme Court overturned the Professional and Amateur Sports Participation Act in 2018 which paved the path for the launch of sports betting on a state-by-state basis. The legislation process is well underway and more progress is made every single day on the growth of sports betting.
Can I bet on sports?
If you live in one of the states where sports betting is live, you can now bet on sports on desktop and mobile devices. Sports betting is live in 22 states plus Washington D.C. while it’s legal but not yet live in another 10 states.
What is the legal betting age?
As of now, all but four states require individuals to be at least 21 years old to bet on sports. In Montana, New Hampshire, Rhode Island, and Washington the age limit is 18 years old and over for sports betting.
Can I bet on sports when visiting a state?
Yes, you do not need to be a resident of a state that has launched sports betting in order to place wagers. You simply need to be within the state borders in order to place bets, even if you do not live in the state.
Can I bet on collegiate sports?
The short answer to this question is yes. Maine recently attempted to pass state legislation that would not have allowed for in-state collegiate betting, but it did not go through. There are certain types of prop bets that are not allowed, though.
Can I bet on sports from my phone?
Yes. Most sportsbooks have a mobile app that is free to download and create an account. As long as you are located in a state where sports betting is legal, then you can download sportsbooks and place bets. However, not every sportsbook is licensed in every state, though.
What is an offshore sportsbook & is it safe?
Offshore sportsbooks are sportsbooks that operate outside of U.S. borders. The safety of an offshore sportsbook is dependent on your level of risk. They are not U.S. regulated sportsbooks; therefore, your funds are not protected and protection standards often fall quite a bit short.
Can I use Paypal to deposit and withdrawal money?
PayPal is a banking method that a lot of sportsbooks use and should be available on most of them. However, there may be some sportsbooks that don’t use PayPal, and you will have to use other banking methods such as credit and debit cards or ACH payments.
Are winnings on sportsbooks taxable?
Yes. Winnings on sportsbooks are fully taxable. However, you do have the ability to deduct losses. Your tax bracket is determined by your annual income and that is what you will pay on any winnings that you have from your bets on any sportsbook.
Is Daily Fantasy Sports considered sports betting?
Daily Fantasy Sports are not considered sports betting as they were determined to be a “game of skill” and are legal in the United States of America and Canada. One important note is that you can deduct entry fees from your taxable winnings.
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Common Sports Betting Restrictions
The most common restriction when it comes to states and sports betting is the legal age. In most states you must be 21 years or older, however, in Wyoming the legal age requirement is 18. Location restrictions are the other common theme when it comes to sports betting. State lines are important when it comes to using mobile apps and accessing sportsbook desktop sites. You are legally required to be eligible and located within the state of the sportsbook you are trying to access. That means if you normally live in Colorado and are traveling to California, you will not be able to place wagers while in California. Apps will geo-locate your device to verify your location.
Collegiate Sports Betting
Every state that has legalized sports betting has set rules for how users can wager on college sports teams. In most states, you are able to freely place bets on colleges in and outside of the state. However, a state like Illinois has put a ban on wagering on in-state college sports teams. Live betting and player props are two things that are universally not allowed when it comes to betting on college teams. Most sportsbooks provide a hefty amount of odds on games between basketball and football. Those sports remain the most popular and contribute towards high-betting seasons during the Fall and Winter.
Betting Guide
Moneyline
Moneyline is the easiest form of betting and the best way to learn as a beginner. Its simplicity is what is attractive to a lot of new bettors as all you need to do is pick the winning team. Since not all games are equal in odds, a team is either a “favorite” or an “underdog” depending on whether or not they are expected to win the game. With a moneyline bet, you simply choose the team you think will win and your payout will vary based on how heavy of a favorite or underdog they are.
Spread
A spread is similar to a moneyline, but instead creates close to or even odds by forcing the favorite to “cover” by winning by a certain amount of points, goals, or other unit of scoring relative to the game being played. The spread can be set by runs in baseball, points in basketball or football, or goals in hockey. A five-point spread in basketball isn’t very significant, but a five-run spread is extremely uncommon and incredibly difficult to cover. Therefore, the measurement of a spread looks different across various sports.
Parlay
Parlays are a form of betting where every single “leg,” or individual bets, has to win in order for you to receive a payout. Since parlays are inherently less likely to hit, because you have to win several bets in conjunction and one loss means you lose everything, then the payouts are substantially higher. Parlays should not be solely relied on as a bettor, but more of a fun way to diversify your betting portfolio.
Teasers
Teasers have many similarities to parlays, but offer differences in the point spread to make bets more favorable. Therefore, when you bet on a teaser, it must be two legs, and with those two legs they both have to hit to pay you out. Additionally, the teaser usually holds even odds, despite the fact that you have to hit on two games to win. Like parlays, teasers can have several legs and are not just limited to two, though.
