Best Online Sports Betting Sites: What sports do people bet on the most?
The world of sports betting has expanded rapidly in recent years, with online sports betting becoming an increasingly popular choice for many bettors. Online sportsbooks allow users to place wagers on a wide range of sporting events from the comfort of their homes and cellphones. This convenient accessibility, combined with countless features such as in-play betting and live odds updates, make online sports betting a thrilling and enjoyable experience for both new and experienced bettors.
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Technological advancements and innovative platforms have further contributed to the rise of online sports betting. With more and more states in the US legalizing online gambling, the industry has attracted a significant number of new users, cementing its position as a lucrative market. In a sea of options, it’s important for bettors to carefully examine various online sportsbooks, comparing factors such as bonuses, security, and user experience, to select the best one tailored to their own needs and preferences.
- Online sports betting is growing rapidly due to its convenience and numerous features.
- The rise of the online gambling industry is fueled by legal changes and technological advancements.
- Examine various online sportsbook factors to select the best one suited for your needs.
Top 5 Online Sports Betting Sites
Best for: Mobile Sports Betting
BetMGM is a household name in the US, catering to sports bettors in 23 states. It’s a user-friendly platform supported by a reliable app package, excellent for in-play betting. Registered members receive a risk-free bet of up to $1,000.
The welcome offer is handy when betting on any of the 20 covered sports, with professional North American leagues receiving top priority. The proprietary Parlay Builder simplifies betting, and all betting tools are available on the app and website.
- Live streaming
- Competitive futures odds
- Early cashout
- Reputable payment methods
- Customer support isn’t fast
- Slow withdrawal speeds
Best for: Welcome Bonus
Celebrity endorsements are boosting Caesar’s reputation, along with sports betting licenses in 21 states. In every jurisdiction, bettors receive imperial treatment. The perks of membership are enticing bonuses: 100% match up to $1,250 as Bet Credit and renowned payment providers.
The sports coverage is slightly smaller, with only 16 sports. However, the portfolio of betting opportunities includes moto sports, boxing, PGA tour, tennis tournaments, horse racing, and top-tIer competitions such as the NBA, NFL, MLB, and NCAA.
- Generous promotions
- Competitive betting odds on major leagues
- No fees
- Comprehensive customer support
- Missing niche sports
- Outdated design
Best for: VIP Benefits
Several reasons enable DraftKings to rank as a premier online sportsbook, with a responsive desktop version and a slick app. The coverage includes over 24 sports, with a focus on US professional and collegiate leagues.
DraftKings is known for the expedient processing of withdrawals and a rewarding Dynasty VIP Club. The loyalty program augments the generous promotional department, offering a New Customer deal of a 20% match up to $1,000.
- Official partner of multiple sports leagues
- Multi-tier loyalty program
- Odds boosts & competitive betting lines
- Same-Game Parlays
- Limited payment provider options
- Requires a higher vig
Best for: Customer Support
A glance at its coverage of sports betting markets and odds indicates BetRivers can compete on equal footing with bigger brands. Licensed in 12 states, this operator has a top-notch app, consistent promotional deals, and competent customer support. A betting adventure starts with a Second Chance Free Bet 100% match up to $500.
Well-known US sports leagues, European competitions, and events such as Wimbledon, UFC, and Kentucky Derby are regularly on the repertoire. Withdrawal requests are processed within 3 days.
- Live streaming
- In-play bets on multiple leagues
- Diverse promotional offer
- Fast withdrawal system
- Outdated website design
- No player statistics
Best for: Fantasy Sports
FanDuel innovated betting on fantasy sports but did a great job covering traditional sports. FanDuel is certified in 18 US states, and odds and promotions are competitive. Bettors can wager on NFL, MLS, NCAAB, and other popular domestic and international leagues.
This operator welcomes new members with a free first bet up to $1,000. Besides the vast sports coverage, the app and a neat bet builder feature make FanDuel a premium sportsbook.
- Fantasy sports betting
- Intuitive app
- FanDuel TV
- Live chat 24/7
- No VIP program
- High juice
Why Online Sports Betting Is Popular
Ease of Access and Convenience
One of the main reasons for the popularity of online sports betting is the ease of access and convenience it offers. With the advent of the internet, bettors no longer need to visit physical betting shops to place their wagers. Instead, they can access sports betting platforms from the comfort of their own homes or on the go using their smartphones and other mobile devices.
This level of convenience has significantly contributed to the rise of online sports betting, as it allows bettors to participate in their favorite pastime without any added hassle. Moreover, many online betting platforms provide user-friendly interfaces, making it easy for even beginners to start placing bets on their favorite sports.
Variety of Sports Available
Another factor contributing to the popularity of online sports betting is the vast variety of sports available to bet on. In the past, bettors were often limited in their options, typically being able to bet on only the most popular sports events. However, with online betting, people now have access to a myriad of sports from all over the world, ranging from traditional offerings like football, basketball, and baseball, to more niche sports like horse racing, hockey, and even esports.
This wide range of options is not only entertaining for seasoned bettors but also attracts new customers looking for diverse and exciting betting opportunities. The internet has played a crucial role in facilitating the emergence of a global sports betting market, offering punters access to international sporting events and competitions that may not have been easily accessible before.
Choosing the Best Online Sports Betting Sites
Reputation and Regulation
When looking for the best online sports betting sites, it’s essential to consider their reputation and regulation. Start by researching if the sportsbooks are licensed and regulated by a recognized authority. Stick to well-established sites with a good track record and positive user reviews. Avoiding newer or less-known sports betting sites will help ensure fair gameplay and timely payouts.
Odds and Betting Options
Another critical factor in choosing the best sports betting sites is the variety of odds and betting options they offer. Top sportsbooks should cover a wide range of sports and have various types of bets available. Additionally, they should provide competitive odds that provide good value for your bets.
Payment Options and Security
The best sports betting sites should offer diverse payment options like credit cards, e-wallets, and cryptocurrencies. This ensures that you can choose a method that’s convenient for you. Additionally, sportsbooks should use strong security measures like SSL encryption to protect your personal and financial information.
Bonuses and Promotions
Bonuses and promotions are an essential aspect of online sportsbooks. Top online betting sites should offer competitive welcome bonuses, ongoing promotions, and perks for loyal customers. These promotions could include free bets, enhanced odds, or cashback offers for certain sports events.
Customer Support and User Experience
Reliable customer support is vital for addressing questions or concerns quickly. The best sports betting sites should provide 24/7 assistance through live chat, email, or phone. Furthermore, the sports betting platform should have a user-friendly interface and easy navigation to ensure a smooth and enjoyable betting experience.
By considering these factors, you can confidently choose a top online sports betting site that suits your preferences and provides a secure and enjoyable betting experience.
Types of Sports Betting Wagers
There are several popular types of wagers in the world of online sports betting. These categories include Moneyline, Point Spread, Totals, Props, Futures, Parlays and Teasers, and Live Betting.
Moneyline bets are the simplest form of wagering on sports like NFL football, NBA basketball, and MLB baseball. In a Moneyline bet, you are simply choosing which team you think will win the game, without worrying about the margin of victory. This type of bet is also common in individual sports like tennis and golf.
In college basketball, hockey, and other closely matched sports, point spread wagers are used to even the playing field between two teams. The point spread assigns a number of points that one team must win or the other team must lose by. For example, a spread of -3.5 means the favored team must win by at least 4 points, while the underdog can either win outright or lose by 3 points or fewer.
Totals, also known as Over/Under bets, involve placing a wager on the combined score of both teams in a game. For sports like football and basketball, oddsmakers will set a projected total score, and bettors can choose whether they believe the actual total points will end up being over or under that number.
Prop bets, short for proposition bets, are wagers on specific events or occurrences within a game that do not necessarily relate to the final outcome. In sports like soccer and NFL football, prop bets can include things like the first team to score, individual player statistics, or the number of corner kicks in a match.
Futures bets are long-term wagers on the eventual outcome of a league, tournament, or season. Examples include betting on the winner of the NCAA basketball tournament, the NHL hockey championship, or the MLB baseball World Series.
Parlays and Teasers
Parlays and teasers are combination bets that involve multiple wagers on a single ticket. Parlays require all your selected bets to win for the ticket to pay out, while teasers allow you to adjust the point spreads in your favor, but offer reduced payouts. These types of wagers are popular in college basketball, football, and other team sports.
Live betting, also known as in-play betting, allows bettors to place wagers on games as they happen. In sports like soccer, horse racing, and tennis, odds are updated in real-time, making it possible to bet on constantly changing odds throughout the event. This adds an exciting and dynamic element to sports betting.
Banking Options and Payouts
Credit Cards and Debit Cards
Credit cards and debit cards, such as Visa and Mastercard, are popular payment methods for online sports betting. They offer a convenient way to deposit funds into a sportsbook account and make withdrawals. Most sportsbooks accept both major card types, providing bettors with a seamless experience for deposits and withdrawals.
It’s essential to be aware of any fees associated with using credit or debit cards and any rollover requirements for bonus offers. While many sportsbooks offer fee-free transactions, some may charge a small fee for deposits or withdrawals using this method.
Cryptocurrencies, such as Bitcoin, have become an increasingly prevalent option for sports betting transactions. They offer several advantages, including increased security, privacy, and faster processing times. Many top sportsbooks now accept cryptocurrencies as a deposit and withdrawal option.
It’s crucial to understand how to use cryptocurrencies for sports betting safely and securely. Make sure you choose a sportsbook that has a solid reputation and clear guidelines on using digital currencies before proceeding.
Wire Transfers and e-Wallets
Bank wire transfers and e-Wallets are alternative banking options for online sports betting transactions. Compared to the traditional method of bank wires, e-Wallets offer quick and convenient transactions without sharing your bank account information with the sportsbook.
Some popular e-Wallet services include PayPal and Skrill. Many fast-payout betting sites offer these options, making it simple and secure for both deposits and withdrawals.
Keep in mind that wire transfers might still be subject to transaction fees, while e-Wallet services may charge fees for withdrawing funds from your online wallet to your bank account. Always research the fees and processing times of these methods before choosing them for your sports betting transactions.
Different Types of Bonuses and Rewards
Online sports betting has grown in popularity, and many sportsbooks now offer a range of bonuses and rewards to attract new customers and encourage existing ones to continue wagering. This section will outline the most common bonus types, including Welcome Bonuses, Reload Bonuses, and Loyalty Programs.
A welcome bonus is a promotional offer made by a sportsbook to entice new customers to sign up and deposit funds into their accounts. This bonus generally takes the form of a match bonus, where the sportsbook matches a percentage of the customer’s first deposit. For example, a 100% match bonus means that if you deposit $100, the sportsbook will give you an additional $100 to wager with.
Some sportsbooks also offer free bets as part of their welcome promotions, allowing new customers to place a bet without risking their own money. These free bets may come with certain restrictions or limitations, such as minimum odds or expiration dates.
A reload bonus functions similarly to a welcome bonus but is aimed at existing customers who have already claimed their initial welcome offer. These bonuses reward customers for making additional deposits into their accounts, helping to keep them engaged and actively betting on the sportsbook.
As with welcome bonuses, reload bonuses typically take the form of match bonuses, where the sportsbook matches a certain percentage of the customer’s deposit. These bonuses may be available periodically (e.g., monthly), during promotions or special events, or tied to specific deposit methods.
Loyalty programs, or VIP programs, are an essential component of many online sports betting sites, rewarding customers for their continued patronage. These programs may provide points for every wager made, which can be accumulated and exchanged for various rewards, such as cash rebates, free bets, and exclusive event access.
Some sportsbooks also offer tiered loyalty systems where customers can earn higher rewards as their betting activity increases. Access to these higher tiers may include perks like personalized customer service, higher deposit limits, and faster withdrawal times.
Overall, online sports betting bonuses and rewards serve to enhance a bettor’s experience and offer additional value, allowing bettors to maximize their chances of success while enjoying their favorite pastime.
Getting Started with Online Sports Betting
Selecting a Betting Site
When it comes to starting your online sports betting journey, the first step is finding a reliable and reputable betting site. There are a few factors to consider when evaluating websites, including:
- Reputation and Reliability: Choose a site with positive user reviews and a history of being trustworthy with payments and customer service.
- Range of Sports and Betting Options: Pick a site that offers betting on the sports you’re interested in and provides a variety of wagering options.
- User Interface and Mobile Support: Ensure the website is easy to navigate, and the mobile platform provides a seamless experience for betting on the go.
Some popular choices for online sports betting sites are MyBookie and Odds Shark.
After selecting a betting site, you’ll need to go through the registration process to create an account. This usually involves:
- Providing your personal information, such as name, email, and date of birth, to verify your identity.
- Selecting a username and password to secure your account.
- Providing your physical address, which may be necessary for legal reasons and to confirm your location.
It’s essential to provide accurate information, as the betting site may require identity verification before you can withdraw funds.
Making a Deposit
Finally, to start betting, you’ll need to deposit funds into your account. Most sites offer a variety of deposit methods, including:
- Credit and debit cards
- E-wallets (such as PayPal or Skrill)
- Bank transfers
- Cryptocurrencies (like Bitcoin)
Before making a deposit, it’s a good idea to review the site’s payment policies, such as processing time and fees associated with each deposit method.
Once your deposit is complete, you can begin enjoying the excitement of online sports betting. Remember to bet responsibly and manage your bankroll wisely to ensure a positive and enjoyable experience.
Responsible Gambling and Legal Considerations
Setting Betting Limits
When engaging in online sports betting, it’s crucial to set betting limits to ensure responsible gambling. Establishing your budget and determining the maximum amount you are willing to spend on each bet can help prevent overspending and potential financial issues. Remember to:
- Set a budget: Determine the maximum amount you can afford to lose and stick to this figure.
- Limit your stakes: Keep your stakes at a reasonable percentage of your overall budget to manage potential losses.
Recognizing Problem Gambling
It is vital to recognize signs of problem gambling and take appropriate action when necessary. Early identification can prevent significant harm, both financially and mentally. Some signs to watch out for include:
- Struggling with self-control and spending beyond personal limits.
- Constantly chasing losses and persisting in making larger bets.
- Compromising personal and professional relationships due to gambling behavior.
If you suspect you or someone you know may have a problem with gambling, seek help through professional support services or use self-exclusion tools offered by most online betting platforms. This ensures that responsible sports betting continues to be a positive and enjoyable experience.
What sports do people bet on the most?
The global sports betting industry is estimated to be worth a whopping $3 trillion, although illegal sports betting makes up over half of that figure. Which sports are people betting on most? Here is a look at the top five.
The fifth-most wagered-on sport in the world is cricket. To give you an idea of how much is bet upon the game, consider the match between India and Bangladesh in the 2019 Cricket World Cup. On just one legal betting platform in England, a staggering £17 million, which is around $22 million, was bet on that game alone. On the same betting website, £71 million was matched in bets on the 2019 Indian Premier League final, which saw the Mumbai Indians defeat the Chennai Super Kings.
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Tennis is the most popular individual sport on the planet. And the sheer number of tennis tournaments held each year will have something to do with why tennis is the fourth-most wagered on sport in the world. The International Tennis Federation holds around 1,500 tournaments each year, which comprise of about 93,000 matches. So, there is always a game for tennis fans to bet on. The Wimbledon tournament in England is the most prestigious competition of the tennis year. More than 1 billion people tune in to Wimbledon at some point during the competition. In the UK, when Scot Andy Murray made it to the Wimbledon final for
the first time in 2012, the bookmakers Betfair saw their largest ever market. Over £58 million was bet on the game.
The third-most-popular sport betted on in the world is basketball. According to the American Gaming Association, around $10 billion is wagered on the single-elimination tournament March Madness, in which 68 teams battle it out over seven rounds in a month with the hope of becoming national champions. However, that number considers both legal and illegal betting. It is thought only around 3% of that $10 billion figure is wagered legally. According to gaming analysts Eilers & Krejcik, if all 50 US states had legal online sports betting, sportsbooks would handle around $15.2 billion of total legal bets for March Madness alone. Eilers & Krejcik also predict as many as 39 states could have legal sports betting by 2023.
In the US, football is undoubtedly the most popular sport for wagers. And globally, the game is the second-most betted-upon. Wagers on the NFL make up nearly half of all sports bets placed in the US. As for specific events, the Super Bowl is the single most popular sports betting tournament of the calendar. In 2018, the Super Bowl brought in a record-breaking $158.6 million worth of bets. However, that is only the official figure. When considering illegal sports gambling, the number is estimated to be closer to a whopping $4.76 billion. Estimates suggest the 2020 Super Bowl saw 26 million people betting on the action, 5 million of which betted via mobile or online platforms.
The most popular sport in the world is soccer, so it is no surprise to discover that the game is the global sport betted upon most. According to betting and sports data analyst Sportradar, around 70% of all worldwide legal and illegal betting comes from wagering on soccer. Within the game of soccer, the tournament that has the biggest betting volume is the FIFA World Cup, which occurs every four years. The competition begins with 210 countries participating in the initial qualifying rounds to battle it out on the pitch to make the final 32. Bettors around the world place wagers at every step of the way. It is estimated that each World Cup tournament sees over $260 million in placed bets.
Frequently Asked Questions
How to choose an online betting site?
When choosing an online betting site, consider factors such as available sports and betting markets, competitive odds, and betting bonuses. It’s important to select a site that holds a valid license from a reputable authority, has a positive reputation, and offers secure payment methods. Read reviews and compare options to find the site that best suits your preferences and betting style.
What are the top sports betting apps?
Some of the top sports betting apps include DraftKings, FanDuel, BetMGM, and William Hill. These apps offer a user-friendly interface, a wide range of sports and betting markets, as well as live betting options, providing a seamless betting experience for users.
Is online sports betting legal?
The legality of online sports betting varies depending on your location. In the United States, for example, it is regulated on a state-by-state basis, with some states allowing it and others not. It is essential to familiarize yourself with the specific laws and regulations in your region before participating in online sports betting.
What are the best betting strategies?
There are numerous betting strategies to consider, such as value betting, matched betting, or following expert tips. But, the most important thing is to conduct thorough research, understand the sports and leagues you’re betting on, and manage your bankroll effectively. Remember, there’s no one-size-fits-all strategy; finding the right approach depends on your betting style and risk tolerance.
How to bet online on mobile?
Most sports betting sites offer mobile-friendly websites or dedicated apps for smartphones and tablets, enabling users to place bets conveniently. After installing the app or visiting the mobile site, log in to your account, navigate through available sports and markets, make selections, and confirm your bet. Mobile betting platforms often provide features such as live betting, cash-out options, and notifications for a comprehensive betting experience on the go.
FanDuel vs. DraftKings: Which is better?
Both FanDuel and DraftKings have solid reputations and competitive offerings in the sports betting industry. They both offer a wide range of sports, markets, and attractive promotions. The best choice between the two depends on personal preferences and betting goals. Some bettors may prefer FanDuel for its user interface, while others might favor DraftKings for its variety of contests and features. It’s essential to evaluate both platforms to determine which one best meets your needs and preferences.