Best Sports Betting Sites USA 2022
The New York Post ranks the best legal sports betting sites in America, with a comprehensive guide on all the best online sportsbooks, and the best sports betting bonuses out there.
New users only, 21 or older. NY, CO, DC, IA, IN, IL, MI, NV, NJ, PA, TN, VA, WV only. Full T&Cs apply.
New customers only. Must be 21+. AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY only. (Welcome Offer not available in NY) Full T&C apply.
21+. New customers only. AZ, CT, IA, IL, LA, MI, NJ, NY, PA, TN, WV, WY only. T&C apply
New players only, 21+. NY, NJ, MI, AZ, VA only. In order to participate in this promotion, the player needs to make a first deposit (of at least $10). Full T&C apply.
New users only, 21 or older. Available in IA, AZ only. Full T&C apply.
New users only, 21+. Offer available in NJ & PA only. Full T&C apply.
More on the top USA Sports Betting Sites
Online Sportsbook of the Week – BetMGM
BetMGM is one of the most well-known sportsbooks in the US thanks to their affiliation with the MGM brand. Their strong welcome offer is one of the best you’re going to come across, one that can be used on their huge range of sports markets.
The selection of live betting and same-game parlay markets also prove to be seriously impressive, all factors that contribute to BetMGM having one of the best sportsbooks around.
Best Online Sports Betting Sites 2022
Rank | Betting Site | Bonus | Legal in | Bet Now |
1. | Caesars Sportsbook | $1,250 Risk-Free Bet | 21+, AZ, CO, IA, IN, LA, MI, NJ, NY, TN, VA, WV, DC, NY, LA only. T&Cs apply. | Visit Caesars |
2. | FanDuel Sportsbook | Bet $5, Win $150 in free bets | 21+, AZ, CT, IA, IL, LA, MI, NJ, NY, PA, TN, WV, WY only. T&Cs apply. | Visit FanDuel |
3. | BetMGM Sportsbook | $1,000 Risk-Free Bet | 21+, AZ, CO, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WV, WY only. T&Cs apply. | Visit BetMGM |
4. | PointsBet Sportsbook | Two Risk-Free Bets up to $2,000 | 21+, CO, IA, IL, IN, MI, NJ, NY, PA, VA, WV only. T&Cs apply. | Visit PointsBet |
5. | Sports Illustrated Sportsbook | Bet $20, Get $100 in Free Bets | 21+, CO, VA only.T&Cs apply. | Visit SI Sportsbook |
6. | BetRivers Sportsbook | 2nd chance bet up to $500 | 21+, AZ, CO, IL, IN, LA, MI, NY, PA, VA, WV only. T&Cs apply. | Visit BetRivers |
7. | bet365 Sportsbook | Bet $1 Get $200 in Bet Credits | 21+, NJ only. T&Cs apply. | Visit bet365 |
8. | Borgata Sportsbook | Bet $20, Get $100 in Free Bets | 21+, NJ & PA only. T&Cs apply. | Visit Borgata |
9. | Fubo Sportsbook | Risk Free Bet Up to $1000 + One Free Month of Fubo TV | 21+, AZ & IA only. T&Cs apply. | Visit Fubo Sportsbook |
10. | SugarHouse Sportsbook | $250 First Deposit Match | 21+, CT, NJ only. T&Cs apply. | Visit SugarHouse |
11. | Play Gun Lake Sportsbook | First Bet Risk Free up to $750 with code NYPBONUS | 21+, New MI Customers Only. | Visit Play Gun Lake Sportsbook |
1. Caesars Sportsbook
There are many reasons as to why Caesars is so high on our list. Their new customer offer is one of the largest and most generous you’ll get on any legal sports betting site, and they also provide lots of ongoing bonuses for existing customers.
They offer competitive odds on all the biggest sports out there, with some smaller, less popular sports markets also available. Their betting limits are high, which is great for high rollers, with loads of payment choices available.
Despite lacking a live streaming function, their site is simple to use and caters to new and experienced players. With a great new customer incentive, there’s not much wrong with Caesars Sportsbook.
2. FanDuel Sportsbook
Like other sportsbooks, FanDuel initially specialized in daily fantasy sports, but now has become one of the best online sports betting sites in the US.
Boasting one of the biggest betting markets out there, FanDuel also presents an impressive geographic footprint. In most states with legal sports betting, FanDuel has a presence, with it often being one of the best in these states.
Their welcome bonus is simple and easy to clear, with daily bonuses and in-play markets all very enticing. There’s no doubt that FanDuel deserves to be high up on our list, and you will not be disappointed.
3. BetMGM
BetMGM stands above others for betting experience. They boast a growing range of sports to bet on, with strong odds and plentiful live streaming broadcasts.
Their mobile app features a simple design and provides easy navigation, making sure you’re always finding what you’re looking for. It’s hard to find any flaws with BetMGM, with their welcome offer being very competitive amongst other sportsbooks.
Frequent promotions and bonus offers make BetMGM exciting to play with, catering to all different types of bettors. If you’re uncertain about which betting site to start with, then look no further than BetMGM.
4. Barstool Sportsbook
Barstool Sports officially entered the sports betting business in September 2020, and Barstool Sportsbook has gone from strength to strength ever since.
Their new customer offer is fantastic, and for a sportsbook which is less well known in the sports betting world, is very generous and lucrative. The sportsbook provides a handsome volume of unique promotions, as well as plenty of partnerships with the fun and entertaining Barstool Sports platform.
While they are not covering as many states as some of the other big boys in sports betting, their sportsbook and mobile app is very strong, and given the quality of their new customer offer, this sportsbook is not one to miss out on.
5. SI Sportsbook
Launching in Colorado and Virginia, Sports Illustrated Sportsbook becomes one of the newest additions to the sports betting scene in the USA.
A fresh and slick interface greets bettors upon arrivial, with SI sportsbook catering to all levels of betting calibre. The newly launched operator boasts many of the user-friendly and in-demand features found on the 888 Sport platform.
Their new customer offer is easy to claim, and gets new users off to a fantastic start to life with SI Sportsbook. The new kid on the block, but don’t be fooled. SI Sportsbook knows a lot about the world of sports betting, and is not one to pass up on.
6. BetRivers
BetRivers’ sign-up offer and available betting markets are on par with other highly rated bookmakers, with strong odds to boot.
Their live streaming feature and their extremely easy to use mobile app give BetRivers some plaudits other sportsbooks may not gain. The BetRivers sportsbook app is their particular strongpoint, engulfing everything that a great sports betting app should have.
They are professional, experienced, and courteous, with great customer service options should you need any help. There’s a lot to like about BetRivers, but as always, there’s still room for improvement.
7. WynnBet
WynnBet is another internationally recognized name in gambling, but it faces stiff competition from well-established, well-funded, and more experienced operators.
In summary, WynnBet is a safe and licensed mobile sportsbook, but it lags the competition in numerous important ways. Promotions, variety of bets offered, and software are all lacking compared to most of the industry’s other operators.
However, WynnBet features competitive pricing for major and minor sports. In many instances, bettors will find WynnBet offers better odds than some of its bigger rivals.
8. bet365
A global sportsbook, bet365 really know the sports betting game inside and out. There are plenty of sports to bet on across the world, more so than their competitors.
There are a ton of bonuses that are available for new customers and for regular bettors on a daily basis. Many of these deals focus on free bets, early payout offers, and parlay betting for various sports.
Despite not being legal and licensed is as many states as other big names in sports betting, there is no doubting bet365 is still a strong online betting site.
9. Borgata
One of the newer faces in online sports betting, Borgata is a safe choice to place your sports wager. Their welcome offer is easy to claim, and despite not being as generous as other sports betting sites, still boasts a healthy first promotion.
Their mobile betting app is slick and easy to use, and their customer ratings are fantastic. Borgata has not been going for too long, and we would expect them to improve over the coming months and years.
10. Fubo Sportsbook
Fubo Sportsbook offers a wide range of betting options, especially for the major leagues. You can find a long list of markets, which includes main lines, alternative odds, multiple point spreads, and a lot of parlays.
Their live streaming is one of the best of any sportsbook out there. Given their expertise in covering live sports, this comes as no surprise. Their new customer offer is superb, combining their fantastic sportsbook with their top of the range sports streaming service.
11. SugarHouse
SugarHouse Sportsbook offers great bonuses, a lucrative loyalty program, strong customer service and a sophisticated sports betting platform.
It covers more sports than most of rival online sportsbooks, provides hundreds of betting options on big games and its odds are competitive. It also has great customer service, live streaming and a reputation for delivering very quick payouts.
Legal in just a handful of states, SugarHouse’s range is a limiting factor in our list, but there’s still plenty to enjoy.
12. Play Gun Lake Sportsbook
Play Gun Lake may not be one of the bigger names in the industry, but it definitely is worth checking out. Bringing a fresh and attractive interface that is user-friendly and makes it easy to navigate.
They provide exciting customer promos throughout the year on many different sporting events. Free bets, bonuses, and odds boosts are consistently being promoted, including an exciting exclusive promotion called Half the Spread and Double the Spread.
They are legal and licensed in just one state, Michigan, which harpers their reputation. We’re excited to see where this sports betting sites grows to, and there is plenty of promising potential.
Everything you need to know to bet on sports like a pro:
Is Online Sports betting legal in my state?
State | Online | Mobile | Retail |
Arizona | ✔ | ✔ | ✔ |
Arkansas | ✔ | ✔ | ✔ |
Colorado | ✔ | ✔ | ✔ |
Connecticut | ✔ | ✔ | ✔ |
Delaware | Not yet live | Not yet live | ✔ |
Florida | Not yet live | Not yet live | ✔ |
Illinois | ✔ | ✔ | ✔ |
Indiana | ✔ | ✔ | ✔ |
Iowa | ✔ | ✔ | ✔ |
Kansas | ✔ | ✔ | ✔ |
Louisiana | ✔ | ✔ | ✔ |
Maryland | X | X | ✔ |
Massachusetts | Not yet live | Not yet live | Not yet live |
Michigan | ✔ | ✔ | ✔ |
Mississippi | X | X | ✔ |
Montana | X | X | ✔ |
Nebraska | X | X | X |
Nevada | ✔ | ✔ | ✔ |
New Hampshire | ✔ | ✔ | ✔ |
New Jersey | ✔ | ✔ | ✔ |
New Mexico | X | X | ✔ |
New York | ✔ | ✔ | ✔ |
Ohio | Jan 1 launch | Jan 1 launch | Jan 1 launch |
Oregon | ✔ | ✔ | ✔ |
Pennsylvania | ✔ | ✔ | ✔ |
Rhode Island | ✔ | ✔ | ✔ |
Tennessee | ✔ | ✔ | X |
Virginia | ✔ | ✔ | ✔ |
West Virginia | ✔ | ✔ | ✔ |
Washington DC | ✔ | ✔ | ✔ |
Wisconsin | X | X | X |
Wyoming | ✔ | ✔ | ✔ |
Since the 2018 removal of the Professional and Amateur Sports Protection Act (PASPA), the number of states that offer legal sports betting has massively increased.
There are now 26 states which offer some form of legal online betting, with each state having different numbers of sportsbooks available to bet on.
While it’s fantastic that a large number of states have legalized online sports betting, there are still plenty of states yet to legalize it.
Online Sports Betting States – Coming soon
As the number of states which have legalized sports betting continues to rise, there are a few states close to going live.
State | Current Situation |
California | Third bill on its way, with a launch expected in the next year |
Ohio | Launch expected some time in 2022 |
North Carolina | Mobile betting bill put to the house, expected to be signed into law in 2022 |
Georgia | Launch proposed for 2022 following latest bill |
Massachusetts | Arrival expected for 2022 following latest bill |
USA Online sports betting FAQs
Is online sports betting legit?
Online sports betting is completely legal and legitimate when you play with a site that’s officially licensed in the state where you are depositing, betting or withdrawing.
Your money is safe with a licensed sportsbook and with excellent customer service facilities available, there is plenty of help available should you need it.
Is online sports betting legal?
Online sports betting at this point in time is legal in some form, in 26 states. These states being:
AZ, AR, CO, CT, DE, FL IL, IN, IA, LA, NV, NH, NJ, NY, MI, MS, MT, OR, PA, RI, SD, TN, VA, DC, WA, WV and WY.
Not all states have the same sports betting capabilities, with different states legalizing different types of wagering. It is important to check for your state for the rules and regulations.
An increasing number of states are moving toward legalizing online sports betting, so be sure to check back to this list.
How do I bet online?
You will be able to bet online legally via any of the sportsbooks licensed to operate in your state.
All legal and licensed sportsbooks are accessible via their websites. Many of the best sportsbooks have apps for iOS and Android devices, allowing you to play via your mobile device.
As long as you are over the age of 21 and within New York state lines, you are able to wager and bet with any of the licensed sportsbooks in NY.
What sports can I bet online in the USA?
All of the major US sports are available. NFL football, MLB baseball, NBA basketball, NHL hockey and MLS soccer are the most popular ones to bet on.
The top online sportsbooks tend to have the most diverse ranges of sports and odds, with everything from UFC, boxing, tennis and NASCAR to darts, rugby, badminton and more.
Can I bet on College Sports?
Yes. It’s legal to bet on college sports matchups in some states. Most states have the rule that you cannot place bets on universities in your state, or on college sports events taking place in your state.
The states where college sports betting is legal are as follows:
- Arizona
- Colorado
- Illinois
- Indiana
- Iowa
- New Jersey
- New York
- Michigan
- Pennsylvania
- Tennessee
- Virginia
- West Virginia
It is definitely worth researching your state’s rules for college sports betting before you start to think about who’s going to win March Madness.
The best of this today’s Sports action
Atlanta Braves beat New York Mets to top spot in the NL East, but dropped their first game of the playoffs against the Phillies. They’ll look to tie the series tonight, as game two gets underway at 9:35 P.M.
New York Rangers got off to a fantastic start to the new NHL season, taking down Tampa Bay Lightning on Tuesday Night 3-1. Tonight, six games fill the slate, as reigning Stanley Cup champions Colorado Avalanche take on Toronto Maple Leafs.
Wednesday Night means one thing in the Soccer World. Champions League action. Ibrox will be rocking as Rangers host Liverpool. Jurgen Klopp’s side will be without Trent Alexander-Arnold and Luis Diaz for their trip to Glasgow, which will encourage the ‘Gers as they go in search of a first win in Europe this season.
Elsewhere, Ajax travel to Napoli, and Barcelona take on Inter Milan. Harry Kane will look to keep up his impressive goalscoring record at White Hart Lane as Tottenham host Eintracht Frankfurt, just a week after drawing 0-0 with the German outfit.
Major Sporting Events in October 2022
Date | Sport | Event |
Ongoing | Baseball | MLB Regular Season + MLB Playoffs |
Ongoing | Football | College Football Regular Season |
Ongoing | Soccer | English Premier League |
Ongoing | Football | NFL Regular Season |
Oct. 21-23 | Formula 1 | United States Grand Prix |
Oct. 27-30 | Golf | WGC-HSBC Champions Tournament |
Key Online Sports Betting Regulations
In order to wager your money on sports and withdraw any winnings in your state, you must be at least 21 years old, and be within state lines.
Bettors will only be allowed to place bets at one of the legal and licensed online sportsbooks in your state. It is necessary to check which online sportsbooks are legal and licensed in your state before playing.
Online Sports Betting Bonuses Explained
There are plenty of different types of new customer offers, which you can claim using the various sportsbook promo codes. The Post breaks down these different types of offers, giving you some pro’s and con’s of the different sign-up offers.
Bonus Offer | How it Works | Advantages | Disadvantages |
No Deposit Bonus | Normally a small free bet claimed just for signing up | Free bet to play with, no need for a deposit | Often large wagering and minimum odds requirement |
Risk-Free Bet | Your first bet is free of risk, as you will be awarded the balance in free bets if it doesn’t win | Covered if your first bet is a loser | Stake returned as free bets, which will require wagering and minimum odds |
Deposit Match | Your first deposit, matched by the sportsbook in the value of free bets | Great way to start your new account, a healthy balance of free bets | Wagering requirements, ineligible for instant withdrawal |
Odds Boost | Some online betting sites will provide odds boosts to increase the returns of your wager | A chance to win extra cash on bets that would win anyway | Odds often boosted on underdogs, making the bet seem enticing |
Parlay Insurance | If one leg of a parlay lets you down, you’ll get your stake back in free bets | Backs up your parlay, with less legs needing to win to ensure a payout of some kind | Minimum number of legs required, minimum odds sometimes required |
Score Bonus | An offer for extra winnings for certain plays in games, such as touchdowns or home runs | Great way to boost returns on games you’ve not picked so well in | |
Early Payout | If the team you’ve back are winning by a certain amount, the bet will be settled as a winner | Covers your bet should they go onto lose, allows faster withdrawals |
Daily Fantasy Sports Betting: An Alternative way to wager
While many states have legalized online sports betting, there are still a large number of people for which sports betting is not possible.
For those of you who don’t live in a state where online sports betting sites are now legal, daily fantasy sports (DFS) betting is the next best thing. DFS is an excellent alternative to regular sports betting sites, as it allows you to play for real money on sports in a fantasy setting.
There are 43 states which have legalized DFS, far more than the number of states that have legalized online sports betting.
DraftKings and FanDuel, two of the best online sports betting sites in the USA, have fantastic Daily Fantasy sports sites, with great new customer offers available.
USA Sports Betting Sites Features
Operator | Live betting | Live Streaming | Parlay Betting | Same Game Parlay | App Available |
BetMGM | ✓ | ✓ | ✓ | ✓ | ✓ |
Caesars | ✓ | ✓ | ✓ | ✓ | ✓ |
FanDuel | ✓ | ✓ | ✓ | ✓ | ✓ |
PointsBet | ✓ | X | ✓ | ✓ | X |
Live Betting
Live betting involves wagering on an event after it has started, and up until its conclusion. For example, if you placed a bet on the Giants to win at half-time of their game, this would be a live bet.
Parlay Betting
A parlay bet combines two or more wagers into one bet, and the bet is dependent on all of the individual wagers winning. The benefit of this is that the total payout of the parlay is higher than individual bets on all legs of the parlay.
For example, you can combine the moneyline wager of the Giants, Jets and Yankees, and get a higher payout than if you put three single wagers on all three teams to win the moneyline.
Same Game Parlay
A relatively new feature, but a same game parlay allows you to combine multiple bets from the same game into one bet.
For example, you could combine Saquon Barkley to score a touchdown, Giants to cover the spread and over the total points into one wager. All of the legs in the same game parlay must win in order to payout.
What are the benefits of betting on sports online?
- Accessibility – Online Sports Betting can be done from anywhere
- Promotions and Bonuses – Fantastic offers to take advantage of
- Variety – More markets and props than retail sportsbooks
- Best Odds – Regularly updated odds providing the best lines
- Live Streaming – Free live sports with many online sportsbooks
- Payment Options – Many choices to choose from, suiting everyone’s needs.
Convenience
Betting on sports has been made easier than ever before, from pulling your mobile phone out of your pocket, opening up your laptop or loading up a tablet.
For many people, traveling to your nearest sportsbook is not convenient at all. This may be far away, and limited in the number of people that can visit. There are plenty of online sportsbooks to choose from, and by doing so from the comfort of your own home, there’s no easier way to play.
Promotions and Bonuses
Perhaps the main attraction of online sports betting are the fantastic bonuses and promotions. New customer offers from online sportsbooks give new and existing customers the potential to earn thousands of dollars worth of bonus cash and free bets.
The most lucrative opportunities come through new customer sign-up offers and welcome bonuses. Most importantly, you are not limited to one sportsbook, allowing you to make the most of welcome bonuses for as many sites as you please.
Variety
The best selection and extensive list of sports you can bet on is levels ahead with online sports betting. This allows you to bet all in one place, and all on the same site.
What comes with a long list of sports, is a huge variety of markets and props. You’ll find more types of bets online than you will at a retail sportsbook, and you’ll also be able to bet live on sports games.
Best Odds
Different sportsbooks will often have different odds on certain markets and game lines, so it is easy to check between different sportsbooks to see where you’re getting the most bang for your buck.
Live Streaming
A mainstream feature in the best online sportsbooks nowadays, live streaming is available for certain games. You’re able to watch games not available through your regular cable television, whilst being able to bet live at the same time.
Not all online sportsbooks have this feature, so it is worth checking out our table of features to check which sportsbooks offer live streaming.
Payment Choices
Depositing money into your account is one of, if not the most important aspect of online sports betting.
All of the best betting sites in this piece will have a variety of ways in which you can deposit funds into your account, with the process for these often being relatively simple and easy to understand.
The best sportsbooks will have a larger number of payment options available, allowing you to choose which method of payment suits you best.
Some of the most popular deposit methods that the best online sportsbooks will offer include:
- Debit Card
- Credit Card
- Cash
- E-Check
- Neteller
- PayPal
- Sportsbook Specific pre-loaded card
When it comes to withdrawal methods, all of the best online sportsbooks will offer a similar number to the deposit methods they have in store.
With the top sports betting sites, users will most likely be able to withdraw using any of the deposit methods offered, allowing users to both put money into, and take money out of, their accounts using the exact same option.
This makes for a much easier solution when it comes to players depositing and withdrawing funds, as the best bookmakers out there won’t require you to have alternative payment methods when you deposit and withdraw money from your account.
USA Legal vs Offshore Betting Sites
Whilst online sports betting is legal in some states, offshore betting sites provide an alternative way to wager for those in states where sports betting is not legal. Despite the fact that offshore betting sites are illegal, there are many offshore betting sites, and a lot of people do wager with them.
A number of the most popular offshore betting sites are located in the likes of Curacao, the Isle of Man, Malta and Costa Rica, with the following being examples of offshore betting sites:
- BetOnline
- XBet
- Bovada
- MyBookie
- BetUS
- SportsBetting
- BUSR
- BetNow
- GTBets
In terms of USA sports betting, there are no legal offshore betting sites, with a growing number of states legalizing online sports betting. Licensed sportsbooks are now able to operate to avoid players experiencing the issues they would with an offshore betting site.
Having only been legal in some states since 2018, it is very likely that many bettors in the USA would have turned to offshore betting sites.
However, offshore betting sites present a number of issues for those that bet with them may face, such as:
- Lack of US licensing can lead to player mistreatment
- If they fail your money isn’t protected
- Potential Money Laundering involvement
The risks posed by offshore betting sites are not involved when betting with legal sports betting sites. All the best online betting sites, as mentioned in this piece, have strict rules and regulations in order to maintain their licenses to operate legally.
Retail Sportsbooks in the USA
If you prefer to gamble in person, then there are many in-person sportsbooks which you can visit in order to wager on sports. It is often the case that states will have legal and licensed retail sportsbooks, despite not having legal online sports betting.
The states which have legal retail sportsbooks are:
AZ, AR, CO, CT, DE, IL, IN, IO, LA, MD, MI, MS, MT, NV, NH, NJ, NM, NY, NC, OR, PA, RI, SD, WA, DC, WV, WI.
Other notable states which are set for a launch in the coming years are:
- Maine
- Nebraska
- Ohio
- Virginia
Different states will have a larger number of retail sportsbooks available, so it is worth checking which retail sportsbooks are available in your state.
Best Sports Betting Methods
Whilst there remains no correct way of wagering on sports, many bettors use a number of concepts to give them the best chance of winning in the long run.
Value Betting
One of the easiest concepts to grasp, value betting involves analyzing all of the odds a certain sportsbook has for a market, and judging as to whether they’re good value or not.
If you perceive a certain wager to have odds better (higher) than you think they should be, you have identified what is in your opinion ‘value bet’.
By consistently picking out value bets and being successful, you will rack up some nice winnings in the long run.
The Gambler’s Fallacy
The gambler’s fallacy is the idea that the outcome of a certain random event is less or more likely to happen based on the result of a previous event or series of events.
It is by no means a certain way of judging events, as often past events do not change the outcome of future events.
For example, if the New York Red Bulls have won all of their previous five games, those that are unaware of gambler’s fallacy may simply bet on the Red Bulls while ignoring some potentially key factors.
Some of these factors could be: their opponents, injuries, suspensions, upcoming games resulting in a change of tactics, and plenty more.
Those that take gambler’s fallacy into account will most likely be more aware of these factors, and potentially avoid betting heavily without first considering the other factors highlighted.
Beware of the Heavy Favorite
Betting on the favorite may seem like an obvious method to follow, with the sportsbooks giving you a clear option on who’s more likely to win. Some sports have huge favorites compared to others, such as tennis, boxing and basketball.
This method would work, if you had a very large balance, as you will make little profit from each bet. Done over a large period of time, with large stakes placed, you will most likely see eventual profit.
While this method would appear easy, if the favorite doesn’t win, then it can be tough losing a large stake, and you may end up chasing your losses.
Matched Betting/Dutching
The term “dutching” is often used to describe a betting method that guarantees profit, taking advantage of free bets and requiring more than one sportsbook account.
Essentially, dutching involves betting on markets that are unevenly priced between different sportsbooks, with you betting different amounts on each one to ensure a profit.
For example, BetMGM may price the Buffalo Bills to beat the New York Jets at +300 with a -6.5 points spread, whilst FanDuel may price the Jets to win with a +6.5 point spread at +200.
In this instance, you would need to wager $40 on the Jets and $60 on the Bills to guarantee a profit of $20, with these bets needing to be placed with different bookies in order to succeed.
While $20 profit may not seem a lot, with “dutching,” you are guaranteed to win no matter the result of the game/market you’re betting on, as you are covering both outcomes.
Dutching involves adjusting the amount you bet depending on the odds to ensure that you win the same amount of money no matter which bet wins.
Despite requiring a little more time and effort, it is definitely worth looking more into dutching as a betting method.
Hedge Betting
Hedge betting is fairly similar to “dutching” in the way that you are betting on multiple markets on the same event to ensure a profit.
However with hedge betting, you are betting against a bet you’ve already placed previously once the odds for the other side of the betting have changed.
For example, if you bet on NYCFC to beat DC United at +100 before the game, and then NYCFC take a 2-0 lead, the idea is to then bet the correct stake on DC United at their increased odds to lock in a profit.
This way, if DC United came back to win, the bet you placed when they were losing 2-0 would win, whilst your original bet on NYCFC would lose.
Hedge betting also works for parlay betting as well as individual bets. If you have a five-leg parlay bet that has seen the first four legs win, you can hedge your bets against the team/player you need to win for the parlay bet to be successful in order to guarantee a profit.
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