Best Sportsbooks & Online Betting Sites

Sportsbook Reviews for July 2024

Locations

Right Arrow

Sportsbooks

Right Arrow

Updated July 14, 2024

If you are new to sports betting, or you are looking to find a new sportsbook to use, it can be difficult to decide where to put your money. As more and more states throughout the country begin to pass legislation permitting online sports betting, new and existing sportsbooks are jostling for dominance in the U.S. sports betting market. To that end, there is a seemingly endless amount of available sportsbooks and apps for users to choose from.

Creating an online sportsbook account is essential to claim welcome bonuses and manage your payment options effectively. Fortunately, Action Network has created a list of the best online sports betting sites to help new and seasoned sports bettors alike take the guesswork out of picking a sportsbook in our sportsbook review. Whether you are selecting a sportsbook for the first time or you are simply looking to add a new book to your existing repertoire, our goal is to simplify the process and help to create an enjoyable sports betting experience.

Our Top Rated Books
We’ve reviewed more than a dozen sportsbooks and ranked them by evaluating the following categories: Bonuses & Promotions, Mobile app, Registering & Cashiering, Betting Options, & a Competitor Comparison. Here’s a high-level overview of how each book stacked up and why:
Fanatics Sportsbook
9.8
Fanatics, the sports apparel giant that currently has deals with the NFL, NBA, NHL, and MLB, has launched its sportsbook in multiple states! Sign up using the Fanatics Sportsbook Promo Code to unlock the following promotion: Get a $200 Bet Match for Five Straight Days! North Carolina sports bettors can also now register for the same promo above. Read our review to learn more about Fanatics Sportsbook and what it has to offer.
Read MoreRight Arrow
BetMGM
9.8
BetMGM’s desktop website has an easy-to-use interface and simple navigation makes it easy to find whatever bet or prop you are looking for. Where the mobile app may lack in innovation and decoration, it makes up for with its uniform design with the desktop page. Use BetMGM bonus code TAN1600  to unlock our exclusive offer: Exclusive: 20% Deposit Match up to $1,600 in Sports Bonus!
Read MoreRight Arrow
FanDuel
9.6
Another big name in the sports betting world, FanDuel Sportsbook is a leader in both sports wagering and daily fantasy sports. This book is available in many states and the FanDuel app has one of the top mobile interfaces in the industry. There is no FanDuel promo code required to unlock Bet $5, Get $200 in Bonus Bets If Your Bet Wins + Bonus/Boosts Everyday! — get it now!
Read MoreRight Arrow
ESPN BET
9.5
ESPN BET is the sports betting arm of the well-known sports media network. We've got all the information about this new sportsbook, including promo codes and offers! Make sure to use promo code ACTION to redeem the Welcome Offer — Get a $1,000 First Bet Reset!
Read MoreRight Arrow
bet365
9.5
bet365 is one of the biggest European books. Even though they have not quite tapped into the U.S. market yet (available in Arizona, New Jersey, Colorado, North Carolina, Ohio, Iowa, Kentucky, Virginia, Louisiana, and Indiana) they aim to heavily target the states moving forward. With notoriously fair pricing and reliable odds, the bet365 app is a great book to add to your smartphone arsenal using our bet365 bonus code.
Read MoreRight Arrow
Caesars Sportsbook
9.3
Caesars Sportsbook is a veteran to the sports betting space, which should give new bettors confidence in their product. They have a good, easy-to-use website and app, and they consistently give out some of the best promotions in the U.S. market to help new customers build a bankroll early on. They're a worthy addition to your betting portfolio. By using our promo code ACTION1000, you can Get up to $1,000 Back in Bonus Bets if Your First Bet Doesn't Win!
Read MoreRight Arrow
DraftKings
9.2
DraftKings is one of the leaders in the sports betting industry. From bonus bets and promotions to available markets, DraftKings Sportsbook is sure to please most sports bettors. Their user friendly interface makes it easy to place any spread, total, or prop bet you can find. No DraftKings Sportsbook promo code is required to claim this welcome offer: Bet $5, Get $150 in Bonus Bets - Instantly!
Read MoreRight Arrow

Other Online US Sportsbooks Reviewed by Action Network

Only the best-of-the-best sportsbooks can make the cut to be named a top player in the sports betting industry. That doesn’t mean, however, that these are the only options to choose from when selecting a sportsbook. Action Network has reviewed a multitude of other sportsbooks over the years as they have gone live in the United States in the same meticulous fashion. The following sportsbooks are still absolutely worth looking into due to their promotional offerings and/or competitive odds pricing:

Sportsbook Action Network Rating New User Promotional Offer
Betr Sportsbook Logo 9.1

ACTION2 for the following: Betr No Sweatr: Get Your First Bet Covered up to $250!

(Sportsbook offer)

BetRivers Sportsbook Logo 8.9

No promo codes is needed for the following offers: 

Michigan: 2nd Chance Bet: Get up to a $500 Bonus Bet!

New Jersey: 2nd Chance Bet: Get up to a $250 Bonus Bet!

Pennsylvania: 2nd Chance Bet: Get up to a $500 Bonus Bet!


Fliff Sportsbook Logo

8.8 Social Free to Play: Use code ACTION for the following offer: Get a 100% Match up to 600,000 Fliff Coins + $100 Fliff Cash!
Thrillzz Banner Logo 8.8 Social Free to Play: Get a 100% Deposit Match up to $25 in Sweeps Coins + Free Coins on Your First Purchase!
Hard Rock Bet Sportsbook Logo 8.8 No promotional offer at this time

Play Gun Lake Sportsbook Logo

8.8 No promotional offer at this time

8.7 Social Free to Play: Get 100% Deposit Match up to $100!

SuperBook Sportsbook Logo

8.7 No promotional offer at this time

WynnBET Sportsbook Logo

8.7 No promotional offer at this time

Betfred Sportsbook Logo

8.7 No promotional offer at this time

Sports Illustrated Sportsbook Logo

8.6

No promotional offer at this time

theScore Bet Sportsbook Logo

8.5 No promotional offer at this time

🚨 North Carolina Sports Betting is Live! 🚨

North Carolina is the latest state to go live with legal online sports betting as of March 11, 2024.

For more information about North Carolina sports betting and what sports betting apps are legal in North Carolina, check out our up-to-date page. We've also ranked the best North Carolina sports betting apps as you gather information on which sportsbooks you may choose to bet with.

Fanatics North Carolina

⭐ Best for customer loyalty program

BetMGM North Carolina

🥇 Best for promotions catering to existing users

FanDuel North Carolina

Best for submitting Same Game Parlays

bet365 North Carolina

🤝 Best for live in-game wagering

ESPN BET North Carolina

💯 Best for celebrity-backed promos

Caesars North Carolina

💸 Best for placing boosted bets

DraftKings North Carolina 💳 Best for pool and contest betting
Underdog North Carolina 📱 Newest app entering the NC market

You can learn more about all of North Carolina's sportsbook offerings, as well as some of the top promotions set to be available in the state when betting launches, by checking out our best North Carolina sportsbook promos review.

Best Sportsbook Promos 

Online Sportsbook Sign-Up Bonus Bonus Code
ESPN BET

Get a $1,000 First Bet Reset!

 

TANBONUS
BetMGM Sportsbook

Exclusive: 20% Deposit Match up to $1,600 in Sports Bonus!

OR

Get up to $1,500 Back in Bonus Bets if Your First Bet Doesn't Win!

(Not available in DC, NY, NV, or PR)

ACTION1600

OR

AN1500

Fanatics Sportsbook

Get a $200 Bet Match for Five Straight Days!

Get up to $1,500 in Bonus Bets over Your First 11 Days! (For new Ohio users only)

No promo code needed

FanDuel Sportsbook

Bet $5, Get $200 in Bonus Bets If Your Bet Wins + Bonus/Boosts Everyday!

No promo code needed

bet365 Sportsbook

Get a First Bet Safety Net up to $1,000 in Bonus Bets!

OR

Bet $5, Get $150 in Bonus Bets!

TAN365

OR

TAN365 (NC only)

Caesars Sportsbook

Get up to $1,000 Back in Bonus Bets if Your First Bet Doesn't Win!

ACTION221000

DraftKings Sportsbook

Bet $5, Get $150 in Bonus Bets - Instantly!

OR

Bet and Get up to $300 in Bonus Bets - Instantly! (IA, IL, LA, MI, NC, NJ, OH, PA, VT, WY only)

No promo code needed

For some operators offering welcome bonuses, no code is needed. To claim these promotions, users simply need to create an online sportsbook account and get in on the action!

Best Daily Fantasy Sports (DFS) Sites Reviewed by Action Network

Due to legal restrictions across many states that prohibit traditional legal online sports betting, daily fantasy sports, or DFS sites, have become increasingly popular. DFS sites allow users to win real money by selecting players to hit more or less than a total fantasy score for a particular game or event. While the idea may be similar to that of a traditional sportsbook, the functionality is a bit different for DFS sites. These key operational differences enable daily fantasy sports sites to circumvent the same legal restrictions that sportsbooks must adhere. As a result, DFS operators are more widely available for players who live in states where online sports betting has not yet been legalized. Here are four of the most popular and widely used DFS sites available today:

Sportsbook Action Network Rating New User Promotional Offer
PrizePicks Sportsbook Logo 9.4 Get a $100 INSTANT Deposit Match!

Betr Sportsbook Logo

8.9

Get a 100% First Deposit Match up to $250! (N/A in MA)

(DFS app known as Betr Picks)

Dabble Logo

8.9

Get $10 When You Sign-Up to Dabble!

Sleeper Sportsbook Logo

8.7

Get a $100 INSTANT Deposit Match!

Underdog Sportsbook Logo

8.7

Get a First Time Deposit Offer up to $250 in Bonus Cash + a Special Pick!

Top Sportsbooks for NFL Betting Lines 🏈

When it comes to NFL lines, we found that Caesars offered the best spread favorites for NFL betting apps. DraftKings and FanDuel lead the way for offering the best NFL underdog prices at 29.9% and 29.1% respectively. Bettors can place bets on various aspects of a football game such as total points and specific player performances. Continue reading for a more detailed pricing comparison between FanDuel, Caesars, BetMGM, and DraftKings.

Popular Sports on Online Sportsbooks

Naturally, you're going to find betting on big leagues like the NFL, NHL, MLB, and NBA. However, there's a wide world of sports out there, and the options for what you can bet on are nigh limitless. Here are some sports on which you can bet with our preferred sportsbooks: 

  • Canadian Football
  • NCAA Basketball
  • NCAA Football
  • Soccer (international like La Liga, FIFA, Euro League, and MLS)
  • MMA / UFC / Boxing
  • Auto (F1, NASCAR)
  • Esports
  • Tennis
  • Rugby 
  • Nathan's Hot Dog Eating Contest
  • Darts
  • Cycling
  • Volleyball
  • and more! 

The Best Canadian Betting Apps

While sports betting is legal in Canada, legislation varies in each province. When Canada legalized single-event sports betting in 2021, Ontario was the first to move forward with a regulated sports betting program. If you find yourself in the Great White North, check out the sportsbooks below!

Ontario Betting Apps

How Action Network Reviews Sportsbooks and Betting Apps 

Our team has created a standardized method, which is discussed in detail below, for auditing sportsbooks to ensure that our evaluations are impartial and based entirely on real user experiences. Action Network’s expert handicappers have personally used, tested, and evaluated each of the reviewed sportsbooks to determine their quality in the following areas:

  • New user bonuses and promotions
  • Ongoing bonuses and promotions for existing users
  • Sportsbook ingenuity and unique features
  • Overall usability of betting apps
    • Web vs. app experience
    • Registering and activating new user promotions
    • Logging into the sportsbook
    • Navigation 
    • Platform speed
    • Data density
    • Bet slip experience
  • Cashiering
    • Deposit and withdrawal options
    • Payout speeds
  • Sports market coverage
  • Bet market coverage
  • Odds and price comparisons by sport
  • Customer service
  • League and team partnerships

Action Network continuously monitors sportsbooks throughout the year to update relevant information and our review ratings to align the ever changing landscape of online sports betting. That way, you’ll always know you’re getting the best information available to make a smart sports betting app selection. Read above to see our list of best online sportsbooks for 2024 in our comprehensive review.

Action Network Sportsbook Selector Quiz

Still not sure which sportsbook is right for you from our sportsbook review? Give our Best Sportsbook Quiz a try to help narrow down the options based on your location, specific betting preferences, and favorite sports markets. 

Best Sportsbooks Quiz Icon

This site contains commercial content. We may be compensated for the links provided on this page. The content on this page is for informational purposes only. Action Network makes no representation or warranty as to the accuracy of the information given or the outcome of any game or event.

Sportsbook Odds Comparisons

Sportsbooks will frequently have different odds for the same sporting event. That is why it is important for sports bettors to line shop across various books to ensure that they are always getting the best price possible for every wager they place. Action Network has compiled pricing data across its top online sportsbooks to help bettors get an idea of which books will typically offer the best competitive odds prices.

Best Average Sports Odds Pricing

Looking at pricing data for the three major markets (spreads, moneyline, totals), we have been able to determine which of the top five sportsbooks offers the best overall average prices across each major sport. Here's how the top sports and sportsbooks favored in this data table:

Sport BetMGM FanDuel DraftKings Caesars
🏈 NFL 4.85 4.58 4.55 4.43
🏀 NBA 4.74 4.55 4.56 5.47
⚾️ MLB 4.72 4.48 4.58 3.86
🏈 NCAAF 4.88 4.75 4.60 4.56
🏀  NCAAB 4.70 4.68 4.54 4.54
Total 4.74 4.66 4.62 4.71

✅ DraftKings has the best average price overall, but Caesars excels in NFL, MLB, NCAAF, and NCAAB. 

Best Average Odds Pricing by Bet Type (All Sports Markets)

Many bettors find a niche bet type that they like stick with over time. Whether your preference is betting moneylines, spreads, or totals, here's how the top five sportsbooks compare to one another across each of those markets and how to find the most competitive odds. We used the same type of rating system to determine the best sportsbooks below for the types of bets that you might make.

Moneyline

✅ Caesars features the best average moneyline prices across overall, while DraftKings and FanDuel come close behind. They have the best pricing across several leagues including the NFL, MLB, NCAAF, and NCAAB. 

Spread

✅ DraftKings gives bettors the best overall average spread prices across sports markets, despite league edges being fairly distributed among books. BetMGM and FanDuel are neck-and-neck behind DraftKings for spread betting. 

Totals

✅ BetMGM and FanDuel tie for the best average totals prices overall across sports markets. DraftKings actually isn't far behind those two either. Caesars, however, has the best prices for most leagues with MLB and NCAAF. 

Best Average NFL Spread Pricing

It is no surprise that the NFL drives the most volume in terms of both money wagered and bets made in the American sports calendar. With that in mind, it pays (literally) to know which sportsbooks offer the best prices on NFL spreads. Our team has compiled data looking at favorite and underdog odds prices across the top five books. Here's how they shake out: 

NFL Favorites Pricing

✅ Caesars is the go-to sportsbook for best prices on NFL spread favorites. They provide the best price 28.9% of the time, whereas DraftKings lags far behind as the worst option at offering the best price only 5.8% of the time. 

NFL Underdogs Pricing

✅ DraftKings and FanDuel are neck-and-neck on offering the best NFL underdog prices at 29.9% and 29.1% respectively. BetMGM brings up the rear in best underdog prices overall. 

🗓 Takeaway: Diversify Your Sportsbook Accounts

As you can see demonstrated here, it's in your best interest as a bettor to have an account on more than one platform for your sports betting. This way, you can look for hidden value if one book is pricing a bet at a better price than their competitors. This requires you to keep an eye on odds pricing, but if you're a fan of legal sports betting, you're probably doing that anyway. 

Sports Betting Education & Resources

Methodology for Determining Sportsbook Ratings

How do we determine the best US sportsbooks? In our sportsbook review, Action Network grades sportsbooks using a highly specific evaluation methodology. Our team of expert handicappers meticulously reviews a variety of sportsbook features in order to create an accurate user experience account to share with bettors. Below are the elements that are tested in order to generate an overall sportsbook rating.

Sportsbook Bonuses & Promotions 20%

Bonuses and promotions are often the first thing new potential users are looking at when evaluating sportsbooks. We rate sportsbooks on their bonuses & promotions in two categories:

  1. Sign-up offers: How strong is their new user bonus to entice bettors to register and begin using the sportsbook?
  2. Existing user bonuses: How well does the sportsbook continue to keep existing users engaged with regular bonuses, boosts, etc? 

Both elements are rated separately on a scale of 1-5. The two scores are then averaged to provide an overall rating for the Bonus & Promotions category.

BetMGM Bonus
BetMGM's Promotions Page

Sports Betting App Functionality & User Experience 35%

Most sports bettors are likely to be placing wagers with sportsbooks through a mobile app. Having a technically sophisticated and user friendly app is vital to being rated highly by our experts. The five evaluation elements that makeup this category are:

  • Log In Process: How easy and quick is it to sign in to the sportsbook mobile app?
  • In-app Navigation: How straightforward is it to find specific contests and information as well as to browse the available bets? 
      1. General app layout, navigation menus, and in-app search functions are all accounted for here.
  • App Speed: How quickly does the mobile app update, redirect users to new pages, and respond to user input?
  • Data Density: How much game data can be viewed at once without users having to scroll through multiple pages?
  • Bet Slip: How intuitive and seamless is the bet slip to facilitate placing wagers?

All five elements are rated separately on a scale of 1-5. The scores are then averaged to provide an overall rating for the Mobile App Functionality & User Experience category.

FanDuel App
FanDuel on the App Store

Desktop Functionality & User Experience 5%

While most bettors are likely to utilize a mobile app, there are users who prefer a desktop experience. We have graded the functionality and user experience using desktop in the same way as above:

  • Log In Process: How easy and quick is it to sign in to the sportsbook mobile app?
  • Desktop Navigation: How straightforward is it to find specific contests and information as well as to browse the betting markets? 
      1. General app layout, navigation menus, and in-app search functions are all accounted for here.
  • Website Speed: How quickly does the mobile app update, redirect users to new pages, and respond to user input?
  • Data Density: How much game data can be viewed at once without users having to scroll through multiple pages?
  • Bet Slip: How intuitive and seamless is the bet slip to facilitate placing wagers?

All five elements are rated separately on a scale of 1-5. The scores are then averaged to provide an overall rating for the Desktop Functionality & User Experience category.

bet365 Sportsbook
bet365's Desktop Betting Experience

Cashiering 5%

Ease and speed of depositing and withdrawing money with a sportsbook is another key component to a solid sportsbook. When rating cashiering, our team focuses on the following:

  • Deposit & Payout Options: What options are available to users to deposit money and withdraw it from their account. The more options available, the more flexibility users have to manage their money in the way they prefer.
  • Deposit Amounts: Is there a reasonable minimum and/or maximum deposit amount in place? Do sportsbooks have a reasonable barrier to entry for lower-end players and do they have high enough ceilings for more high stakes players?
  • Payout Speed: How quickly will users get money into their hands after requesting a withdrawal from the sportsbook? 

Each of these three elements is rated separately on a scale of 1-5. The scores are then averaged to provide an overall rating for the Cashiering category.

Market Pricing (Compared to Other Sportsbooks) 25%

Having strong, competitive odds and reasonable pricing across sports markets is a great way to keep bettors using a sportsbook. Action Network looks at prices across sportsbooks to make direct comparisons on the following areas:

  • Overall Average Pricing Across Markets: On average, how does a sportsbook compare to others on its pricing across sports and betting markets? For example, does bet365 offer more value on a bet than Caesars Sportsbook? 
  • By Sport: How does a sportsbook compare to others on its pricing for specific popular sports markets (i.e. NFL, NBA, NHL, MLB, NCAAF, NCAAB, etc)? Can you find better overall league pricing on FanDuel vs. BetMGM?
  • By Bet Type: How does a sportsbook compare to others on its pricing for a specific betting market (i.e. moneyline, spread, totals, etc)?

Each of these three elements is rated separately on a scale of 1-5. The scores are then averaged to provide an overall rating for the Market Pricing category.

Caesars Sportsbook Odds Boosts
Caesars Sportsbook Odds Boosts

Market Coverage 10%

Every legitimate sportsbook will cover the major sporting events and bet types, but we also rate each sportsbook on their additional market coverage as well.

  • Sports Markets: What sports markets does the sportsbook cover? How niche do they get with their coverage of sporting events?
  • Bet Types: What bet types are available through the sportsbook?
  • Featured/Unique Bet Types: Does the sportsbook feature unique bet types or wagering opportunities that cannot be found at another sportsbook?

Each of these three elements is rated separately on a scale of 1-5. The scores are then averaged to provide an overall rating for the Market Coverage category.

Generating the Final Sportsbook Review Score

A final sportsbook review score is then generated by creating a weighted average from the scores of the six evaluation categories outlined above. Action Network experts have weighted categories differently based on the level of importance we believe that they represent to bettors. Below is an example of how a final score would be determined using this weighted average method.

  • Bonuses & Promotions - 4.5
  • Mobile App Functionality & User Experience - 4
  • Desktop Functionality & User Experience - 3.5
  • Cashiering - 5
  • Market Pricing - 4
  • Market Coverage - 4.5

Once we have scores, we would multiply those by the weight of each category and then divide that sum by the total sum of the weights.

4.5(20) + 4(35) + 3.5(5) + 5(5) + 4(25) + 4.5(10) / (20 + 35 + 5 + 5 + 25 + 10)

417.5/100 = 4.2

From here, we multiply this score by two to get a rating out of 10. In this example, the sportsbook would receive a final review score 8.4/10.

We know that not everybody will just take our word for it when it comes to selecting a sportsbook. For those who like to dig-in and do the research for themselves, be sure to keep the evaluation criteria outlined above in mind. Don’t be afraid to register for more than one sportsbook. Having accounts in multiple places can help ensure you’re always getting the best odds and lines possible on your wagers.

How to Start Betting on Sports

To start betting on sports, you're already in the right place. This guide has everything you need to start betting, from information on how to bet to links to actual sports betting providers (and their welcome offers)! Start at this point if you want to sign up and then claim a promotional offer just for becoming a new customer of a sportsbook.

Remember, read our guide on what sports betting mistakes to avoid before putting your hard-earned cash down on a bet. Then, sign up using the guide below and claim your offer. Now you're ready to start betting, hopefully with some extra credit in your bankroll! (21+ in most jurisdictions. You often cannot bet on sports if you work for a sporting team, venue, casino, or sportsbook: if this applies to you, you probably already know.)

Sports Betting Terminology

There is a lot to learn when it comes to sports betting. Whether you consider yourself a casual bettor or a more sophisticated player, it pays to have a foundational understanding of how sports betting works. 

Types of Bets

Sportsbooks offer no shortage of betting options, including some extravagant markets. Most bettors, though, will find the following bet types the most compelling and easy to wager on:

  • Moneylines - Moneyline betting is the most straightforward type of wager. This simply requires a user to correctly pick the winner of the game or event being played. Learn more about moneyline betting.
  • Point Spreads - Spread betting is a wager on the margin of victory in a game, or the point differential between teams. Learn more about point spread betting.
  • Totals (Over/Under) - Totals, also known as Over/Unders, is a bet on the number of points both teams combine to score in a game. The winner of the game is irrelevant in totals. Learn more about totals betting.
  • Half Bets - Halves betting allows a bettor to treat the first and second half a game as separate matches. This means users can make different bets for each half (or quarter). Learn more about half bets.
  • Player Props - Prop bets for short, this type of wager is typically placed on an individual player performance. This wager is not tied to the final score or outcome of a game, but purely to the individual stats of a single person. Learn more about prop bets.
  • Futures - A futures bet is a wager on an event that will be decided later in a season (i.e. end of season result). Odds are more favorable for bettors with futures due the difficulty in correctly predicting an outcome far in advance. Learn more about futures betting.
  • Parlays - Parlay sports betting is a type of bet where multiple wagers are combined to create a greater payout. "Same game parlay" options allow bettors to create unique and potentially lucrative bets within the same game. Each “leg” of the parlay is required to win in order for a bet to payout. Learn more about parlay betting.
  • Live Betting - Also known as in-play or in-game betting. Live betting apps allow you to place wagers on sporting events that are already in progress. Currently, bet365 is among the best live betting sites available.

How Betting Odds Work

Understanding how betting odds work is probably the most important place for a new sports bettor to start their education. Without knowing how the odds work, it will be very difficult to make smart wagers. This guide will specifically detail American odds, as this is what bettors will encounter when wagering with the sportsbooks detailed above. However, it is worth noting that users may run into Decimal odds as well, particularly with internationally based sportsbooks.

American odds are designed around the notion of a bettor winning or wagering $100 on a given bet. While you are not required to wager that amount, this is the format in which the odds are presented. A favorite (team/player expected to win the competition) and an underdog (team/player expected to lose the competition) is designated for each event. The favorites to win an event are designated by a minus sign (-) while underdogs are given a plus sign (+). The number associated with the favorite is the amount of money that a bettor needs to risk in order to win $100. Conversely, the number associated with the underdog is the amount of money that a bettor will win for every $100 risked. Here’s an example to illustrate how American odds work:

Game 6 of the 2022 NBA Finals

Golden State Warriors (+150) @ Boston Celtics (-175)

As you can see, the Warriors were considered the underdog for this game whereas the Celtics were the favorites. Bettors who placed a wager on Golden State would have won $150 for every $100 wagered. The odds will scale based on a user’s wager, though. For example, if someone had only put $50 on the Warriors to win at +150 odds, their total payout would have been $75.

For anyone betting on the Boston Celtics, they would have to bet $175 to win $100. Negative odds will scale as well based on the bettor’s wager. A $50 wager on the Celtics at -175 odds would have netted a bettor $28.57. 

A good sportsbook will allow users to input different wager amounts to see the potential payout prior to submitting the bet. This way, bettors will always know what they stand to gain.

Get more information about American odds to help you improve your betting chances.

Action Network Responsible Sports Betting Resources

Even with a strong knowledge base of online sports betting, it helps to have some resources in your back pocket to streamline your wagering and boost your success rate. Action Network has created a variety of tools past this sportsbook review to help every level of bettor. 

Betting Odds Calculators

Figuring out odds in your head can be a hassle. Action Network has a variety of easy-to-use calculators to take the guesswork out of any wager. Bookmark our betting calculators page for quick access.

Bankroll Management

When it comes to being a successful long-term sports bettor, bankroll management is vital. Learn about responsible bankroll management strategies from Action experts.

Sports Betting Glossary of Terms

Sports betting has a wide range of terms that may be confusing to new bettors. We’ve created a glossary of commonly used sports betting terms to help you understand what you’re seeing on sportsbooks.

Sports Betting Mistakes to Avoid

There are any number of ways to lose money with sports betting. There are, however, many strategies that bettors can and should implement in order to steadily build their bankroll. Our team has created a list of the most common betting mistakes that cost bettors big money.

The History of Legal Sports Betting

None of this would be possible had the Professional and Amateur Sports Protection Act (PAPSA) not been overturned in 2018. Then-Governor Chris Christie, seeing revenues coming in to Nevada sportsbooks, wanted a piece of the action. Certain states were "grandfathered in" to allowing limited sports betting, but none had challenged the federal government's ban on sports betting in a meaningful way.

In 2018, Chris Christie as NJ governor challenged the Supreme Court's decision made decades earlier, and it was decided that PASPA was indeed unconstitutional. Though he left office before the decision to reverse PASPA (and thus, Christie's name is not the one on the court case. Later Governor Phil Murphy got that distinction with Murphy vs. the National Collegiate Athletic Association). That reversal left it up to each individual state to either legalize or ban sports betting, and we now have over 30 states with legal sports betting! 

Las Vegas has played a significant role in the development of sports betting, with numerous sportsbooks now established in the city. Some of our preferred sportsbooks, such as BetMGM, Caesars Sportsbook, and FanDuel are live in numerous states, while others, such as Fanatics Sportsbook, are starting to grow their US footprint and expand at a steady rate.

Check out our states with legal sports betting tracker for more information on each individual state’s history with sports betting.

Is Online Sports Betting Legal in My State?

Take a look at the following table to see if betting is legal in your state.

State with Legal Sportsbooks Bill to Legalize Sports Betting Sports Betting Start Date
Arizona HB 2772 September 2021
Arkansas Arkansas Racing Commission Rules July 2019
Colorado HB 19-1327 May 2020
Connecticut HB 6451 October 2021
Delaware HB 100 Substitute (2009) June 2018
Illinois 230 ICLS 45 March 2020
Indiana HB 1015 September 2019
Iowa HF 2497 August 2019
Kansas SB 84 September 2022
Kentucky HB 551 September 2023
Louisiana SB 247 November 2021
Maryland HB 940 December 2021
Massachusetts H.5164 March 2023
Michigan PA 149 March 2020
Mississippi HB 967 August 2018
Montana HB 725 March 2020
Nevada Grandfathered in with repeal of PASPA 1975
New Hampshire HB 480 December 2019
New Jersey Assembly Bill 4111 June 2018
New York A3009.C June 2019
Ohio HB 29 January 2023
Oregon Grandfathered in with repeal of PASPA, see Nevada August 2019
Pennsylvania HB 519 November 2018
Rhode Island SB 2919 November 2019
South Dakota SDCL 42-7B September 2021
Tennessee HB 1 November 2020
Virginia HB 896 January 2021
Washington DC Law 22-312 May 2020
West Virginia SB 415 August 2018
Wyoming HB 0133 September 2021
Steve Petrella runs The Action Network’s written content team, which specializes in industry news, betting advice on specific games and slates, betting education and more. He got his start betting about 10 years ago, and got his first job in the sports betting media industry since 2015. Prior to joining Action in 2018, he worked for Sporting News, MLB.com and Cox Media Group.
More from Steve Petrella
Legal Online Sportsbook FAQs
What are the best online sportsbooks to use?
Right Arrow
Can you win money on sportsbooks?
Right Arrow
How many states have legal online sportsbooks?
Right Arrow
Where can I find more information about sports betting legalization in the U.S.?
Right Arrow
What depositing options are typically available at sportsbooks?
Right Arrow
What withdrawal options are typically available at sportsbooks?
Right Arrow
Where can I learn more about sports betting?
Right Arrow
Where can I get real-time odds?
Right Arrow
What's the best sports betting app?
Right Arrow
Are there Canadian betting apps?
Right Arrow
What are the best Super Bowl betting sites and World Cup betting sites?
Right Arrow