Most of us at BettingBrain have made the move to using bitcoin for depositing/withdrawing at most sportsbooks since it’s almost always free and is extremely fast. It is a hassle to set up (buying bitcoin, transferring to a wallet, then sending to the betting site). When it comes time to cash out, we just have to reverse the process.
Want to signup at one of the most popular sportsbooks, but not sure which one? Well, we broke down the basics in our comparison “cheat sheet” of BetOnline vs Bovada.
Sportsbook Reputation is Important
The reputation and history of a sportsbook reveal so much about a company. A long-running reputation among sports bettors, can not be bought. Reading our betting site reviews will uncover if they are slow to payout their players. We also encourage visitors to leave their own reviews about each sportsbook. At the bottom of our review pages, there is an option to make your comments “a review”. This will help others find a legit sports betting site without getting scammed and losing money.
Sportsbook Rankings for MAY 2021
Look For Favorable Odds
After making an initial deposit, and the excitement of starting to bet on sports at a new sportsbook gives way to business as usual, sports betting becomes a simple exercise in beating the odds set by the books. To do so, it is vital to gain an advantage in any way possible, no matter how small that advantage may be. One such way to gain an advantage against the house while betting on sports is to find the sportsbook that offers the most favorable odds for the sports you like to bet on.
Finding favorable odds can take on a number of meanings, and which sportsbook is most favorable for you depends on what sports you prefer to wager on and what types of bets you like to place. But there are some general rules that you can follow to gain a relative advantage using some sportsbooks when compared to others.
Looking at moneyline wagers, look at the odds of sportsbooks before you sign up for an account with them to see which books make you pay the least to back favorites, and which offer greater payouts for backing underdogs. Win or lose, risking $200 to win $100 is smarter than risking $210 to win $100, both in that it reduces risk and frees up pieces of your bankroll for other wagers at the same time.
When dealing with spread wagers, find the books that offer reduced juice when possible, for the same reasoning as the moneyline wagering example above. If you only have to risk $107 to win $100 in every spread bet instead of the typical $110 to win $100, that is something that can add up over time and make you more profitable in the long term, which is the goal of any sports bettor.
Find Truly Generous Promotions
Online sportsbooks have a gift for making every promotion look alluring. Free bets! Huge bonuses! It all sounds great until you read the fine print and realize that they can provide legitimate obstacles to block you from making the money that you could be if you weren’t locked into the terms of those promotions. One such example of this is the use of deposit match bonuses for new players. It looks great to get an extra $100 to match your initial $100 deposit, but those types of bonuses tend to come with big rollover requirements, which prevent players from withdrawing any winnings until you wager an amount of money that satisfies those requirements, in hopes that you’ll lose it all before you get there.
Instead of opting for promotions with big rollover requirements, look for ones that offer free bets that are offered by some sportsbooks. For example, a book that offers a $25 free bet, which is reimbursed to you after your first qualifying live bet is placed, won’t lock you into a potentially vicious rollover cycle, but could provide a nice insurance policy should one of your existing wagers go wrong. No matter what sportsbook you opt for, though, be sure to read the fine print on any promotions that you see. If they look too good to be true, they could very well be.
Does It Pay?
While betting on sports is plenty of fun even when you’re losing, the end goal of any bettor is to win and get paid. So it goes without saying that you should research the sportsbooks that you’re considering opening an account with and make sure that players aren’t posting horror stories online about issues with getting paid. Be sure to read each sportsbook’s rules and terms to make sure that they have payment methods that work for you as well.
Pick One That Is Easy To Use
Favorable odds and promotions that don’t come with massive strings attached mean nothing if it is a pain to use the online sportsbook that you’re trying to bet with. Does the site you are looking into using have a user-friendly interface? Does it have a mobile site that is easy to use? Are there odds for everything that you want to wager on? Just like with sports betting itself, patience is the key to picking out an online sportsbook. If one doesn’t check off all of the boxes on your list of desired qualities, you could be selling yourself short.