When you buy through affiliate links in our content, we may earn a commission at no extra cost to you. Learn The best online sportsbooks in the US are now available in nearly every state. These sports betting sites offer better odds, bigger bonuses, and cryptocurrency support.
Use our list of online betting sites to compare bonuses and features, and find out which is the best online sportsbook for you.
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- Crypto Betting
BetOnline |
$250 in Free Bets and 100 Free Spins |
$250 in Free Bets and 100 Free Spins
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BetOnline
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BetWhale |
Welcome Bonus of 125% up to $1,250 |
Welcome Bonus of 125% up to $1,250
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BetWhale
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NO CODE REQUIRED
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Bovada |
50% match bonus up to $250 |
50% match bonus up to $250
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Bovada
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NO CODE REQUIRED
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BetNow |
150% Welcome Bonus Package |
150% Welcome Bonus Package
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BetNow
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Everygame |
100% Welcome Bonus up to $500 |
100% Welcome Bonus up to $500
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Everygame
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MyBookie |
100% up to $1,000 + $10 Casino Chip |
100% up to $1,000 + $10 Casino Chip
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MyBookie
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Coinpoker Sports |
Top Football Live Betting Action |
Top Football Live Betting Action
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Coinpoker Sports
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BetUS |
125% Sign-Up Bonus:100% up to $2,000 on sport and 25% on Casino |
125% Sign-Up Bonus:100% up to $2,000 on sport and 25% on Casino
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BetUS
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SportsBetting.ag |
100% Welcome Bonus up to $500 x 2 |
100% Welcome Bonus up to $500 x 2
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SportsBetting.ag
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Xbet Casino |
50% Credit Card Welcome Bonus up to $200 (1x playthrough) |
50% Credit Card Welcome Bonus up to $200 (1x playthrough)
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Xbet Casino
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- Show Full Guide
Five of the Best Online Sportsbooks of 2024 Reviewed
The best online sports betting sites number in the dozens, but there’s no need to try them all out because we’ve done all the research for you.
Check out these reviews of our five best US sportsbooks of the year.
1. BetOnline – The Overall Best Online Sportsbook in the US
- Payout time: 0-2 days
- Established: 2004
- License: Panama Gaming Commission
- Headquarters: Panama City, Panama
Our Verdict: 9.9/10
BetOnline stands out as our best online sportsbook for US players. The sports betting site boasts an intuitive user interface, which makes navigation effortless for both seasoned bettors and newcomers alike, ensuring that you can place your wagers with confidence.
One of BetOnline’s most significant advantages is its highly competitive odds across all betting markets. The platform excels in providing early betting lines, often releasing odds well in advance of other online sportsbooks.
This feature is particularly beneficial for those of you looking to place futures wagers, as it allows you to secure favorable odds ahead of time.
With an extensive list of over 30 sports available for betting, alongside unique markets encompassing esports, politics, and entertainment, BetOnline truly excels in overall market coverage. This makes it an ideal choice for diverse betting interests.
Additionally, funding your betting account is convenient; you can easily make deposits using your credit or debit card, and the platform also supports a variety of cryptocurrencies, providing flexibility in payment options. It won’t take long to see exactly why we have ranked BetOnline as the best online sportsbook in the US.
Features Overview
- Betting Options: 9.5/10
- Betting Odds: 9.5/10
- Streaming & Features: 9/10
- Promotions & Rewards: 9/10
- User Experience: 9.5/10
- Payment Methods: 9/10
- Customer Support: 10/10
Pros 
- Great coverage of all popular sports in the US
- Competitive odds across the board on the site
- Live betting interface with live streaming
- Dedicated section for esports betting online
- Online sports betting contests with massive prizes
Cons 
- Fees for credit card payments
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BetOnline |
$250 in Free Bets and 100 Free Spins |
$250 in Free Bets and 100 Free Spins
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BetOnline |
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2. Bovada – Best Online Sports Betting Site for Props and Extra Markets
- Payout time: 1-2 days
- Established: 2011
- License: Curaçao eGaming
- Headquarters: Costa Rica
Our Verdict: 9.8/10
Bovada is quite possibly the most famous name on our sportsbook list and has a reputation for great odds and excellent online sports betting coverage. And while the user interface may seem a little dated these days, its simplicity is its strength.
One of the standout features at Bovada is the clever little prop-creation tool that lets you build out your prop wagers even if you have no idea what to bet on.
There’s a massive range of markets for events with some NFL games having as many as 150 markets. One minor niggle is the lack of ongoing promos, but there is a great loyalty program.
Payment options are standard with a heavy focus on crypto which is reflected in the enhanced crypto welcome offer.
Features Overview
- Betting Options: 10/10
- Betting Odds: 9/10
- Streaming & Features: 8/10
- Promotions & Rewards: 7/10
- User Experience: 8/10
- Payment Methods: 8/10
- Customer Support: 9/10
Pros:
- Welcome bonuses with only 5x rollover
- More than 250 markets for big events
- Odds update quickly for live betting
- Every bet earns you points towards rewards
- Fast withdrawals approved within two days
Cons:
- Sports betting site design can use some work
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Bovada |
50% match bonus up to $250 |
50% match bonus up to $250
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Bovada |
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NO CODE REQUIRED
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3. BetWhale – Best Sportsbook Online for Live Betting Odds
- Payout time: Instant – 3 days
- Established: 2023
- License: Gaming Curaçao
- Headquarters: Curaçao
Our Verdict: 9.8/10
BetWhale has rapidly established itself as a notable contender in the realm of online sports betting sites in the USA, quickly becoming the preferred choice for enthusiasts of live betting.
With a user-friendly platform that boasts highly competitive odds, BetWhale provides lines on a wide array of events, from major league matchups to less mainstream niche sports.
One of the exceptional features of BetWhale is the extensive selection of in-play live markets that are available around the clock, ensuring that you have access to a diverse range of sporting events at all times. The real-time updates on scores and odds enhance the betting experience, making it an ideal platform for those of you who thrive on the excitement of live sports wagering.
In addition to offering a variety of payment options, including traditional card payments and popular cryptocurrencies, BetWhale is known for its remarkably fast payout processes that are difficult to match.
When you factor in the continuous promotions available, such as daily odds boosts, it’s clear why BetWhale is quickly becoming recognized as one of the top online sports betting sites in the US.
Features Overview
- Betting Options: 9/10
- Betting Odds: 9/10
- Streaming & Features: 8/10
- Promotions & Rewards: 9/10
- User Experience: 10/10
- Payment Methods: 8/10
- Customer Support: 9/10
Pros
- Excellent live betting with up-to-date odds
- Accepts crypto and fiat
- Simple bet slip is easy to use
- 50% daily boost for sports bets
Cons
- No loyalty program
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BetWhale |
Welcome Bonus of 125% up to $1,250 |
Welcome Bonus of 125% up to $1,250
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BetWhale |
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NO CODE REQUIRED
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4. BetNow – Top Online Betting Site for Weekly Cashback on Losses
- Payout time: 2-3 days
- Established: 2015
- License: Curaçao eGaming
- Headquarters: United Kingdom
Our Verdict: 9.5/10
Established in 2015, BetNow has gained popularity for its extensive range of sports betting promotions. These offerings include a substantial welcome bonus and the opportunity for players to claim reload bonuses, along with targeted promotions such as enhanced payouts for horse racing and specific college football offers.
While the size of its sportsbook is notably smaller compared to competitors like BetOnline and Bovada, it features approximately a dozen sports. The platform includes popular sports such as football, basketball, hockey, tennis, soccer, and baseball. Although the absence of niche sports may deter some users, the majority will likely appreciate the existing selection.
A key advantage of BetNow is the vigorish applied throughout the sportsbook. The rates are significantly lower than those found at most other sportsbooks, resulting in better odds and higher potential returns on bets.
This attribute has contributed to BetNow’s growing popularity among professional bettors who engage in high-volume wagering to maximize benefits from the reduced fees.
It would be an understatement to categorize BetNow merely as a “back to basics” sportsbook; however, it is justifiable to highlight that it lacks some advanced features typically seen with larger brands.
Nevertheless, if you prioritize straightforward services with exceptional promotions and competitive betting lines, BetNow is a commendable choice.
Features Overview
- Betting Options: 7/10
- Betting Odds: 10/10
- Streaming & Features: 6/10
- Promotions & Rewards: 9/10
- User Experience: 7/10
- Payment Methods: 8/10
- Customer Support: 8/10
Pros
- Excellent betting lines
- Low vigorish charged
- Huge range of promotions
- Sports-specific bonuses
Cons
- Market coverage is small
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BetNow |
150% Welcome Bonus Package |
150% Welcome Bonus Package
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BetNow |
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5. Everygame – Best Online Sportsbook for Niche Markets
- Payout time: 2-3 days
- Established: 1996
- License: Curaçao eGaming
- Headquarters: Antigua
Our Verdict: 9.7/10
Once operating under the name Intertops, Everygame has established itself as one of the best online sportsbooks in the industry. Boasting a user-friendly interface, it not only provides competitive odds across a wide array of sports and markets, but also delivers a seamless optimized experience on mobile devices, making it accessible for on-the-go bettors.
One of the outstanding features of Everygame is its exciting weekly draws for free bets. To participate, all you need to do is place a live in-play parlay bet, which automatically enters you into the draw, offering you a chance to win without any additional cost.
In addition to the draw, Everygame rolls out various promotions that add extra value to your betting experience. A noteworthy aspect is their generous rewards for those of you who choose to use cryptocurrencies, which encourages tech-savvy bettors to explore alternative payment options.
However, it’s important to note a couple of downsides: Everygame does not currently offer a loyalty program for its sportsbook users, and there are limited options when it comes to horse racing markets.
Features Overview
- Betting Options: 8/10
- Betting Odds: 9/10
- Streaming & Features: 7/10
- Promotions & Rewards: 8/10
- User Experience: 9/10
- Payment Methods: 8/10
- Customer Support: 10/10
Pros:
- Sports betting bonuses with low rollover (8x)
- User-friendly layout highlights popular bets
- Packed calendar for live betting on the site
- Accepts cryptocurrencies, cards, and more
- Trusted US online sportsbook with safe payouts
Cons:
- No loyalty program for sportsbook
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Everygame |
100% Welcome Bonus up to $500 |
100% Welcome Bonus up to $500
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Everygame |
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How to Choose the Best Online Sportsbook For You
We believe that any of our recommended sports betting sites would cater to the vast majority of your demands, but everyone has different preferences. Our guide will expand on a range of important features that the best online sportsbooks adhere to reach top standards at.
To provide a quick snapshot and help you pick the best sportsbook online, these factors include:
- Welcome Bonus: The welcome bonus is the first and foremost USP of any sports betting site. This can provide you with significant bonus funds from the outset, but be aware of any stringent wagering requirements, as this could prolong you being able to withdraw your winnings.
- Exclusive Promotions: After devouring the welcome bonus, promotions are one of the main aspects that are going to keep you coming back to an online sportsbook for more action. Cashback, VIP programs, free bets…the best online sportsbooks should be rewarding your loyalty – and potentially maximizing your profits – in the form of a variety of offers.
- Competitive Odds: An online sportsbook’s odds are like a shop’s prices. They can have a significant impact on your potential returns, so you should always shop around for the best value. If a sports betting site is consistently short-changing you, it might be time to move on.
- Range of Sports Betting Markets: It’s no use joining an online sportsbook with limited markets on the sport(s) you want to bet on. The best US sportsbooks offer numerous markets on 30+ sports, including the most popular ones such as NFL, NBA and soccer.
- Sportsbook Usability: Whether you are predominantly using a desktop, tablet or mobile device, you need the online sportsbook to function nicely in order to place bets. Fast loading times, a neat design, and the ability to search and/or quickly switch between markets are a must for enjoying a smooth sports betting experience.
- Payment Options & Speed: One clear advantage of our recommended offshore sportsbooks is the ability to use cryptocurrencies, but debit/credit cards should be available at the vast majority of sports betting sites. However, withdrawal times can significantly vary, so make sure you analyze this if fast payout times are important to you.
Bonuses at Online Sports Betting Sites
As you can see from the reviews above, the best online betting sites will offer some great bonuses to encourage you to sign-up with them. Some of the best gambling sites even offer a few ongoing rewards to keep you happy in the long-term.
Here are some of the most popular bonuses you can expect to find at top sportsbooks:
Matched Deposit Bonuses
The best sportsbooks online run welcome bonuses like the ones we just mentioned. These are always the biggest offers at the sportsbook and can only be used once when signing up.
Most welcome bonuses are deposit match bonuses, which sees the best sportsbook online match your deposit by a percentage. This is usually 100%, but can also be figures such as 50% or 200%.
A typical welcome bonus of 100% matched up to $500 would mean that your total funds would be $1000, should you decide to deposit the maximum amount. This gives you a healthy bankroll to place sports bets with from the outset.
However, make sure that you read the terms and conditions, with a particular focus on rollover wagering requirements. This is the amount you will need to wager before you can withdraw any cash directly earned from bonus funds. It can be anything from 5x to 60x your initial deposit.
No Deposit Bonus
The no deposit bonus is super rare in the world of sports betting online. However, should you manage to find one, you get free credits to place a wager without depositing any of your own cash. Since it’s free money, no deposit bonuses are typically low in value.
Free Bets
In effect, free bets work the same as no deposit bonuses, but they are much more common at the best sports betting websites.
Free bets can be distributed in a number of ways. Most promotions involve placing a bet of a certain amount (e.g. $10) and receiving the same amount as a free bet.
Alternatively, many top sports betting sites run special offers on big sporting events, such as the NFL Super Bowl or NBA Finals. You may receive a completely free $10 bet to use on the big game.
Make sure you are fully aware of any terms and conditions, such as minimum qualifying odds etc.
Odds Boosts
The best online sportsbooks for US players regularly offer odds boosts, which is enhancing odds on a specific market. These can see your profits boosted by 10% or more, but you only get the reward if your bet is a winning one.
For example, the Kansas City Chiefs could be boosted from odds of +100 to +300 to win the Super Bowl, meaning you are receiving 3x better value. However, make sure you compare with odds at sports betting sites elsewhere to ensure that you are receiving maximum value.
Parlay Insurance
Parlay insurance is exactly what it sounds like. Your parlay wager is insured so that, if one leg lets you down, you can get a refund on your stake. Refunds can be redeemed in the form of cash or free bet credits.
Any bonuses offered by all online sportsbooks usually come with wagering requirements, such as a minimum stake at minimum odds, so check the terms and conditions of the offer.
Second-Chance Bets
Second-chance bets offer insurance in case you lose your wager. The sportsbook will refund your stake, usually in the form of free bet credits, allowing you to place another bet without risking additional funds. It’s a great way to get a feel for a betting site or to explore sports and markets you are not too familiar with. Be sure to check the terms and conditions, as there may be restrictions on how and when you can use your refunded credit.
Popular Sports to Bet on at the Best Online Sportsbooks
The best online sports gambling sites in the US allow you to bet on sports from around the globe, with hundreds of events available each day. Check out some of the most popular sports for betting in the US below:
NFL 🏈
Since the NFL is the biggest sport in the US, every top sportsbook in the US will provide betting lines for every game, from preseason to the Super Bowl.
You can check out our complete guide to betting on football to get the most out of your NFL bets. Moneyline is the most popular market at football betting sites, but you can wager on anything from a team to cover the spread, to Patrick Mahomes completing a certain amount of passing yards.
MLB ⚾
The best online sportsbooks for MLB betting allow you to place bets on games from week to week. The best US sportsbooks regularly offer odds boosts on MLB games so you can increase your payouts without risking any more money.
When baseball betting, you can bet on anything from player runs to total runs scored in the first three innings.
NHL 🏒
The NHL is incredibly popular across the US, and most top betting sites will provide dozens of betting lines for each game.
At the best online sportsbooks for NHL betting, you can place futures on teams to win the Stanley Cup, as well as players to pick up individual ice hockey awards like the Hart Memorial Trophy.
NBA 🏀
With 1,230 games played across the NBA season, there are lots of opportunities to bet on professional basketball in the US. You can bet on the NBA pre-game and also find plenty of in-play markets.
Whether you fancy the Celtics to win the NBA Finals or Giannis Antetokounmpo to win MVP, make sure you understand how to bet on basketball before wagering at the best online sports betting sites.
As with most sports, moneyline is the most common market of choice for basketball betting, but totals is a fun and potentially fruitful way of betting on this sport given its high-scoring nature.
Soccer ⚽
Soccer may not be as popular in the US as in other parts of the world, but its growth in recent decades has still been exponential, with legendary players such as Lionel Messi arriving in the MLS in recent years.
At the best online sportsbooks for soccer betting, you can bet on divisions such as the English Premier League and the UEFA Champions League, as well as the MLS and international soccer tournaments.
Remember to factor in the draw (tie) when betting on soccer’s moneyline market, as this is always a distinct possibility unlike in most American sports.
MMA 🥊
The most popular MMA competition in the world is the UFC, and there are plenty of odds for fights at the best betting sites.
You’ll find markets on fighters to win matchups, as well as bets on the method of victory, what round the fight will be won, and whether there will be a knockout.
Golf ⛳
The best US sportsbooks provide markets for golf competitions across the US and the world, including the PGA Tour, Ryder Cup, and major events like the Masters.
Most golf betting sites will let you place futures on players to win upcoming events, with markets open a year in advance for many major tournaments. This is an incredibly popular way of golf betting, as given such an open field, you can get generous odds on proven winners.
Tennis 🎾
Whether it’s the WTA, ATP, ITF, or Challenger events, you’ll find odds for pro tennis at all of our recommended sports betting sites. There are even special markets for Grand Slam events like the US Open and Wimbledon.
Check out our guide to learn more about how to bet on tennis at the best tennis betting sites. Parlays are very popular for tennis betting, as you can combine several short-priced favorites into much bigger odds.
Horse Racing 🏇
Horse racing betting is based on a different system to sports betting in the US, as you can only legally place pari-mutuel wagers on horse racing. With pari-mutuel betting, the pool of wagers on the same bet type determines any winnings.
You can place pari-mutuel bets on horses to win races, place in the top three, or build wagers across multiple races. Pari-mutuel horse racing betting is available on many of the best online sportsbooks, so make sure to check out our guide on how to bet on horse racing.
College Sports 🎓
With college sports betting, you can bet on events in the NCAA, including football, basketball, and baseball. The best online sportsbooks for NCAAB betting will let you bet on March Madness, while College Football Playoffs betting is usually available, too.
While there are many games played in a season, the best online sportsbooks cover all of the important matches in Division I leagues. Basic markets such as moneyline, spread and totals should always be available, but prop betting may be more sporadic.
Esports 🎮
Esports are fast becoming some of the most popular events globally, and sports betting websites will let you bet on the most popular games like Counter-Strike: GO, Dota 2, and League of Legends.
The best esports betting sites cover these games and other esports titles, with competitions running throughout the year. In most cases, you can also watch the action live on the betting page.
Popular Markets at Top Online Sportsbooks
All of the best sportsbooks listed in this guide offer extensive sports betting markets.
From countless markets on a single MLB game to prop bets on international soccer, the best sports betting sites cover all the bases and then some. These are some popular examples:
The Top 10 Betting Sites in the US Compared
With so many top online sportsbooks to choose from, picking the right one for you can be confusing.
Check out how our list of the best online sportsbooks compare using the table below.
| Sportsbook | Best For | Bonus | Payment Methods | Loyalty/VIP Program |
| BetOnline | Early Betting Lines | $250 In Free Bets & 100 Free Spins | Fiat & Crypto | ✅ |
| BetWhale | Live Streaming | 125% Matched Deposit up to $1,250 | Fiat & Crypto | ❌ |
| Bovada | Live Betting Odds | 50% Matched Deposit up to $250 | Fiat & Crypto | ✅ |
| Everygame | Prize Draws for Free Bets | 100% Matched Deposit up to $500 | Fiat & Crypto | ❌ |
| CoinPoker Sports | Crypto Betting | Weekly Rakeback | Crypto | ❌ |
| BetUS | Sports Betting Tips | 100% Matched Deposit up to $2,000 | Fiat & Crypto | ❌ |
| MyBookie | Game and Player Props | 50% Matched Deposit up to $1,000 | Fiat & Crypto | ✅ |
| BetNow | Ongoing Promotions | 100% Matched Deposit up to $1,000 | Fiat & Crypto | ❌ |
| SportsBetting.ag | Niche Betting Lines | 2 x 100% Matched Deposit up to $500 | Fiat & Crypto | ❌ |
| BUSR | Live Betting and Streaming | 100% Matched Deposit up to $2,500 | Fiat & Crypto | ❌ |
How to Sign Up at the Best Online Sportsbooks
Signing up for a new account is fairly simple and should take no more than a few minutes. Just follow the steps below.
Pick an Online Sportsbook
Check out our online sports betting reviews above and click a link. We’re using BetOnline in this example, but the process is the same across the board. Once you get to the homepage, hit ‘Join Now’ or something similar.
Tip: Before picking any of the best US sportsbooks, compare their available markets, betting features, and customer service options to make sure they fit your needs.
Create your Account
Enter your details and choose a username and password. You may be asked to verify your identity at a later date so make sure these details are accurate.
Tip: Use a secure, unique password that combines letters, numbers, and symbols. Also, check if the sportsbook offers two-factor authentication (2FA) for extra account security.
Pick your Bonus
Before making your deposit, you may be asked to choose a bonus or it may be done for you automatically. Either way, make sure that you have opted in for the bonus before making a deposit.
Tip: Read the bonus terms carefully. Look for wagering requirements, time limits, and any restrictions on the types of bets that qualify.
Make your First Deposit
Once you have chosen your bonus you can make your first deposit. Just head to the cashier and choose your preferred payment method and follow the on-screen instructions.
Tip: Opt for payment methods with the fastest processing times, like e-wallets or cryptocurrencies, if you value quick access to your funds.
Check out the Markets
Now that have funds in your account it’s time to place some bets. Check out the available markets and you’re off.
Tip: Start with markets and bets you are familiar with to build confidence. Also, explore in-play betting options for more dynamic and real-time opportunities once you’re comfortable.
Best Online Sportsbooks for Odds
We believe these are the best sportsbooks when it comes to covering a range of sports betting markets with the most competitive odds:
- Fast online payouts with zero fees
- Live streaming available for in-play betting
- 24/7 live chat customer support
- Generous 10 ETH bonus and high roller NFTs
- Trusted by Web3 influencers and powered by $TGC token
- World’s first licensed telegram sportsbook – fully anonymous
- Weekly betting and pick'em contests
- Excellent multi-view feature for live betting
- Best sportsbook for sharp odds on props
Payment Methods at the Best US Sportsbooks
Online sportsbooks for US players offer a range of payment methods that cover all the bases, from traditional options to more modern ones. Here are some of the most popular options:
Are Online Sportsbooks Legal in the USA?
The Professional and Amateur Sports Protection Act (PASPA) was introduced in 1992 to protect athletes and staff from being influenced by gambling. This effectively banned sports betting.
But all this changed in 2018 when the US Supreme Court struck down PASPA as unconstitutional. This allowed each state to create its own sports betting legislation.
Since the change, many states have signed bills into law and launched regulated sports betting and other forms of gambling. Below is a full list of those states; simply click on the tab to view our extensive table.
It’s worth noting that even before state-regulated sports betting came into play, offshore online sportsbooks were operating legally across the USA. These online sportsbooks are based outside the US and are not subject to local state laws.
Best Online Sports Betting Sites vs. Retail Betting
While retail sports betting is a social, exciting experience, there are plenty of reasons why you might prefer to wager online.
- Convenience: Rather than traveling to your nearest retail sportsbook, which could be hours away, you can use top online betting sites to bet anywhere in all US states, whether on your mobile, tablet, or desktop device.
- Licensing and Safety: You don’t need to visit a physical location to bet safely. Every online sportsbook must undergo strict tests to receive licensing, so you can play knowing your personal and financial information is safe.
- Sportsbooks Bonuses: Most of the best betting websites offer promotions more regularly than retail betting locations. This means you can claim free bets, bonus funds, and odds boosts regularly to stretch your bankroll.
- Banking Options: When you play online, you can use a wide range of fast and secure payment options to top up your account, including online banking, cards, and cryptocurrencies.
- Variety of Markets: A top online sportsbook will give you instant access to dozens of bets on hundreds of different events. Online betting is also particularly good for in-play betting, as you can get live odds that update in real time for events across the globe.
- Live Streaming: Most online sportsbooks offer live streaming of major events, allowing you to watch the action unfold in real time while placing bets. This adds an extra layer of engagement and convenience.
Pros
- Greater Convenience
- Bigger Bonuses
- Better Odds
- Additional Payment Methods
- Access to More Markets
- Excellent Promotions
- More Privacy
Cons
- Less Social
- More Likely to Lose Financial Control
- Longer Wait Time for Winnings
Online Sportsbook & Online Sports Betting – Statistics & Trends
The online sports betting industry is a rapidly growing one. Worldwide, it is expected to boom from around $49.96 billion in 2024 to approximately $67.17 billion by 2027.
This represents a potential growth of more than 33% within just three years, showcasing the huge demand for sports betting. Indeed, sports betting currently accounts for between 30% and 40% of the worldwide gambling market, making it more popular than any other sections, including lotteries and casinos.
In America alone, around $220 billion has been spent at legal gambling outlets on sports betting in the five years since the US Supreme Court cleared the way for all 50 states to offer it in 2018.
Around 46% of American adults have at least some interest in sports betting, which equates to around 106 million people. This is significantly more than 7.3 million people who are already Daily Fantasy Sports players.
In September 2023, a record 73 million Americans planned to bet on the (then) upcoming 2023-24 NFL season. The Super Bowl remains the most-watched sporting event on the planet, so it is only natural that it has become the largest betting event as well.
Meanwhile, the NBA brought in $76 million in revenue from betting, bringing it into the top 10 in terms of bets on individual leagues worldwide.
Of course, America is behind the eight-ball compared to their European counterparts when it comes to regulated gambling. Europe’s gambling market revenue stabilized in 2022, reaching €108.5 billion gross gaming revenue. This represented an 8% increase compared to pre-pandemic levels in 2019, and a 23% rise compared to 2021.
Soccer (or football in most parts of the world) is King when it comes to betting in Europe, Asia, and Latin America, with the “beautiful game” receiving around 65% of total sports bets.
The rising popularity of online betting compared to retail betting in most parts of the world should ensure that the sports betting industry continues its rapid growth in years to come.
According to a recent survey from the UK Gambling Commission, 74% of in-play bettors used their mobile to place their wagers. Mobile betting is increasing in popularity thanks to accessibility and accounts for around 50% of online betting activity overall.
Safety of Online Sports Betting Sites
When choosing an online betting site, safety should be your top priority. We recommend playing only at legal sports betting sites that are licensed and regulated by recognized authorities (such as the Malta Gaming Authority or Curaçao), which means they adhere to strict standards of fairness and security.
Trusted online betting sites use advanced encryption technology to protect your personal and financial data, so you can place bets with confidence. We also recommend always looking for sites with positive reviews, clear terms and conditions, and a proven track record of safeguarding their players.
For example, CoinPoker Sports is known for its commitment to player safety and responsible betting. The site holds a Curaçao license and uses advanced encryption technology to protect your personal and financial data.
Online Betting Strategy at Top Sportsbooks
Having a strong online sports betting strategy will help you maximize winnings and minimize losses. Of course, you may require a little bit of luck along the way, but you give yourself the best possible chance of learning how to bet on sports and win with an actual method of betting.
What is the best betting system? Ultimately, it’s up to you to decide what works for you. However, if you are looking to learn how to win at sports betting, here are some tips to help you achieve the best sports betting strategy:
- Be Smart With Your Funds: Your bankroll will determine the amount you should place on each wage. Sticking to these limits is important because it means that when you lose, you can soak up the loss without worrying about finances.
- Understand How Odds Work: Betting odds represent the payout based on the probability of that result. So, a coin toss would be 50/50, making it even money (+100) for heads or tails. You should only bet on something if you believe it has value.
- Find the Best Betting Odds: All of the top betting sites will have different lines for the same bet and by not taking the best price, you’re potentially missing out on huge amounts of profit in the long run.
- Be Strategic and Dive into the Data: More times than not, you should back up your feeling about a bet through data. You could be the most knowledgeable sports fan in the world, but analytics are still a great tool for confirming your eye.
- Specialize in One Sport: Focusing on one sport allows you to develop a deeper understanding and make more informed betting decisions. You’ll be able to better analyze trends, team performance, and player statistics, which will increase your chances of making profitable bets.
- Avoid Betting on Your Favorite Team: Betting on your favorite team can cloud your judgment and lead to biased decisions. It’s always best to maintain objectivity by avoiding placing bets on teams you have strong emotional ties to.
- Take Advantage of Promotions: Many of the best US sportsbooks offer promotions such as free bets, odds boosts, and deposit bonuses. Taking advantage of these offers can provide extra value and enhance your betting experience.
- Use a Betting Software: Tools and apps designed for betting can offer valuable insights and automate certain aspects of your strategy, making it easier to stay organized and informed. For example, a betting software can help you track your bets, analyze performance, and manage your bankroll more effectively.
- Don’t Be Afraid to Cash Out: If you’re in a winning position or feel that a bet is no longer favorable, don’t hesitate to cash out early. This can help lock in profits or mitigate potential losses.
Best Online Sportsbook – Our Verdict
With plenty of options, choosing the best sports betting site is no easy task. Just remember that you can sign up with as many of the best online sportsbooks as you like to grab those great welcome bonuses.
We suggest starting with the best sportsbook online in our eyes, which is BetOnline. Simply click below to sign-up today, and you’ll have instant access to $250 in free bets, live betting on all major sports, and daily odds boosts.
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BetOnline |
$250 in Free Bets and 100 Free Spins |
$250 in Free Bets and 100 Free Spins
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BetOnline |
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How We Test and Review Sportsbooks
100+ Sports Betting Sites Reviewed
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We follow a proven methodology when reviewing sports betting sites that highlights the pros and cons of each platform.
Our process enables us to rate sportsbooks on key features so you can compare sites with ease.
We cover:
- Sports and betting markets
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- Reputation and licensing
- Bonuses and promotions
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…and more.
Check out our complete guide to learn how to rate sportsbooks featured on Techopedia.
Responsible Sports Betting at the Best Online Sportsbooks
While online betting is a lot of fun, it’s important to keep your betting in check and avoid bad habits. Online sportsbooks in the USA offer responsible gambling support to help with this. This can include advice on spotting the signs of problem gambling and account tools like deposit, spending, and time limits to help you stay in control.
The best place to receive help is from a professional organization, such as Gamblers Anonymous and the National Council on Responsible Gambling. Many top sportsbooks will provide links to state-specific and US-wide problem gambling charities to help players.
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Affiliate Disclosure: Techopedia may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. However, all our recommendations are unbiased and follow a thorough review process. Gambling can be addictive, please play responsibly and you must be a legal gambling age.
