5 Reasons You Need to Bet at Multiple Sportsbooks

Using one sportsbook often feels easier because you can easily monitor your money since it's in one place. In addition, it is easier because you know where to find what you want to bet. However, if you live in a legal betting state, the best way to improve your experience as a bettor is to use multiple sportsbooks. The reasons for this are highlighted below.

You Will Identify the Best Lines

Would you like to wager on Colorado Rockies at -3.5 or -4.5? San Diego Padres at -130 or -140? In virtually every case, you want the best deal. And if you routinely receive better prices, even if it's only by a few cents per wager, you're on your way to being a successful player. Don't worry about the research either; because there are odds comparison tools on the internet that will uncover the optimal line for every game in seconds. Assume you're a baseball bettor who wagers $100 on largely short favorites and tiny underdogs. Throughout the season, you go 210-190 (52.5%). That's a fantastic year. But did you make any money? If the average line you bet is even money, you'll have made $2,000 throughout the season. You'll break even if the average line is -110. A few pennies per wager will have a significant impact in the long term. You should normally choose sportsbooks with the lowest vig, but if the pricing is still better at a high-juice book, you should bet there.

You Will Earn Free Money

The free money offered by sportsbooks is mostly intended for new clients. However, a lot of money is available as sportsbooks compete for new customers. Bonuses may build up in states with at least four sportsbooks, such as New Jersey, Pennsylvania, Colorado, Indiana, or Illinois. Because there are so many sportsbooks in New Jersey, you can collect bonus cash totaling more than $1,000. If you join up and deposit at each book, you may also place risk-free bets up to $10,000. However, there are significant differences between true free money, free bets, risk-free bets, and deposit matches, so don't instantly withdraw $10,000 from your bank account.

• Free money: This is perhaps the finest type of bonus, although it comes in much smaller quantities, such as $10 or $25. It is money in your account that you can wager or withdraw.

• Free bets: You may wager with this money and win real money if you win.

• Risk-free bet: FanDuel provides a risk-free bet of up to $1,000. However, to receive the entire $1,000, you must deposit that amount. And if the bet loses, you are rewarded with free bets; therefore, you must wager and win with those free bets to receive actual cash in your account.

• BetMGM offers a $500 deposit match (with a $10 minimum). So if you deposit $200, they will match that with $200 in free bets. A 2x rollover will certainly be linked, so you can't grab the money and run, which means that after you stake $400, you'll be able to withdraw that money.

Every Sportsbook Has Different Offers

Many sportsbooks rely on the same odds source, which is something a lot of people don't know about sports betting. If you can't locate a bet at SugarHouse, you won't be able to find it at Unibet because the layouts are somehow similar. This includes bets other than point spreads and moneylines, such as props, futures, and live betting. Every book will give you an opinion on the Chiefs-Ravens game. More specialized marketplaces and player props will not be available everywhere. Among legal U.S. sportsbooks, DraftKings boasts the most NFL props. D.K. was also the first to provide win totals for all 130 FBS clubs. Because it is a well-established European book, Bet365 features several unusual futures products, including who will win the Premier League. Before the NHL Playoffs commenced, BetMGM was one of two bookies to offer Conn Smythe odds.

Different Sportsbooks Have Different Rules

As you explore sports, you'll see that various books approach things differently. For example, you should always bet on the golf finishing position at BetMGM since ties are paid out in full. If you bet a golfer to finish in the Top 20 at 10-1 and he finishes in a tie for 20th with five other players, most bookies will pay you out at 2-1 instead. BetMGM will give you the whole amount. If there is no touchdown in the game, DraftKings will return your NFL first touchdown-scoring bet. You'd lose if you bet "no touchdown scored" with Bet365.

Timing

Another secret most bettors don't know about sports betting is that most bookmakers replicate odds from a few different sources. Bookmakers look at a screen, wait for a market-leading sportsbook to move, and then move. They'll also allow other bookies to commence betting action first and wait for the line to settle before posting. Some U.S. sportsbooks are becoming more creative with their offers or attempting to be the first legal book to put odds on something. For instance, Circa Sports, available exclusively in Nevada and Colorado, is the first book in the United States to release college football odds for the next week on Sunday. DraftKings usually follows Sunday night, and many other bookmakers don't open until Sunday night or Monday morning. So, if you want to wager on college football before the public, go to DraftKings unless you live in Colorado or Nevada, where you should go to Circa.

FAQs

What sports can I bet on?

Nowadays, every sport played professionally is covered by online betting sites. Not every sportsbook covers every single sport, which is why using multiple sportsbooks allows you to bet on whatever sports you want.

How old do I have to be to bet online?

This depends on the terms of the sportsbook you use, and you also have to be either 18 or 21 years.

How do I know if a site is licensed and regulated?

Most licensed and regulated sites usually display the relevant information for their customers to see. You can find this information at the bottom of every sportsbook page. It will include details of their licenses and the authorities that issued them.

How many betting sites should I join?

You can choose to use one site or spread your action around. However, using multiple sportsbooks can help you enjoy very many advantages. For instance, you can shop around and compare odds and lines on offer.

Why choose a sportsbook with the lowest vig?

Seasoned bettors seeking to make a profit should pay close attention to the vig. The vig usually varies by the sportsbook, and if you find competing books with differing vig on a particular bet, you will place your wager at the one with the lower juice. Over time, tiny differences in vig and payout can add up, especially on bigger bets.

Which state has the most bonuses?

New Jersey has the most bonuses for new and existing customers since sports betting in the state was legalized years ago.

What are some of the bonuses you can get at different sportsbooks?

You can get free money once you sign up at a sportsbook. You can also get free bets or risk-free bets. For instance, FanDuel offers a risk-free bet up to $1000. In addition, sportsbooks like BetMGM offer you a $500 deposit match in free bets.

What bet types can you place at different sportsbooks?

Some common bet types include moneylines, point spreads, futures, props, in-play betting, totals, parlays, teasers, and more.

Which sportsbook has the best NFL props?

DraftKings Sportsbook.

What is the meaning of a deposit match bonus?

Sportsbooks match a percentage of your deposit up to a specific amount. For instance, if you deposit $250 with a 100% deposit match, you will receive $500 to play with ($250 cash and $250 bet credits).