How to Bet on Sports in the US? Sports-Betting Guide!

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Sports betting has seen a significant expansion across the United States, with its legality established in 37 states and Washington DC as of 2023. This growth has led to the availability of both in-person and online sportsbooks accessible to bettors nationwide, creating a vibrant environment for various forms of betting.

American enthusiasts now engage in diverse betting methods such as spreads, moneylines, props, parlays, and futures, spanning a wide array of sports ranging from local teams to international competitions.

For those considering entering the realm of online sports betting, a comprehensive understanding of basic odds, varied bet types, sport-specific betting, and suitable platforms is essential. Here’s an in-depth overview to aid in getting started with online sports betting:

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Where to Bet on Sports Online

Caesars Sportsbook
– Legal States: AZ, CO, IN, IA, IL, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA & WV
– Highlights: Streams NBC’s Sunday Night Football games, offers competitive odds, and integrates with the Caesars Rewards program, providing Reward Credits and Tier Credits for every bet placed. Regularly hosts odds boosts, parlay and profit boosts, free-to-play contests, and bonuses.

 BetMGM Sportsbook
– Legal States: AZ, CO, DC, IL, IN, IA, KS, KY, LA, MA, MD, MI, MS, NJ, OH, NV, NY, PA, TN, VA, WV & WY
– Highlights: Offers a generous welcome bonus, ongoing promotions, and integrates with MGM Rewards, available across 30+ MGM Resorts gaming properties. Provides competitive odds on a solid software platform.

DraftKings Sportsbook
– Legal States: AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV & WY
– Highlights: Market leader in several states, offering a substantial welcome bonus, competitive odds across a broad range of betting markets, and integration with daily fantasy sports contests through the Dynasty Rewards loyalty program. Hosts various promos like odds boosts, bonus bets, and parlay insurance.

FanDuel Sportsbook
– Legal States: AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV & WY
– Highlights: Market leader in most states due to user-friendly software, competitive odds, and various ongoing contests and promotions. Seamlessly integrates sportsbook and DFS with a focus on free-to-play contests, odds boosts, bonus bets, and parlay insurance.

 

How to Read Sports Betting Odds

Most US sportsbooks employ American Odds, represented by three-, four-, or five-digit figures with a plus or minus symbol indicating the favorite or underdog status.

– Negative (-) Odds: Indicate the favorite, showing how much you must bet to win $100. Higher figures denote higher chances of winning.
– Positive (+) Odds: Indicate the underdog, showing potential winnings for a $100 bet. Higher figures signify a bigger underdog.

Additionally, odds may be presented in fractional or decimal formats, offering alternative ways to interpret potential payouts based on different betting amounts.

 

Best Sports Bets Explained

– Moneylines: Straight-up bets on game winners without any spread involved.
– Point Spreads: Require picking game winners with a handicap added to the final score.
– Totals: Over/under-style bets on the combined points scored by both teams.
– Props: Side-action wagers on specific events within games, often centered on individual player or team stats.
– Futures: Bets on the prospects of a team or player, such as winning a championship or achieving specific milestones.
– Parlays: Combine multiple bets into one single bet for potentially larger payouts, but require winning all individual bets to win the parlay.

 

 How to Bet on Different Sports

– Football (NFL and NCAA): Popular betting options include moneylines, spreads, totals, props, futures, and parlay betting on both professional and college football games.
– Basketball (NBA and NCAA): Offers similar betting options like moneylines, spreads, totals, props, futures, and parlay betting.
– Baseball (MLB): Features diverse betting choices such as run lines, moneylines, totals, props, and futures on MLB games.
– Hockey (NHL): Betting options include puck lines, moneylines, totals, props, and futures for NHL games.
– Soccer: Betting opportunities span three-way moneylines, spreads, totals, props, and futures in major soccer leagues worldwide, including Major League Soccer.

In summary, the expansion of sports betting provides an extensive range of betting options across various sports, catering to different preferences and betting styles, and empowering enthusiasts to engage in an exciting world of sports wagering.