Best Online Sports Betting Sites To Bet On Sports
sports Betting

Sports Betting

Sports Betting

Sports Betting sites list

One of the great things about the modern sports betting world is that people can now make wagers online. No longer do they have to travel to a land-based sportsbook So here you will find an up to date list of all the best legal sports betting sites looking to attract your business.

List of all the best Sports Betting Sites

  • DraftKings
  • Fanduel
  • BetStars
  • Betdaq
  • Matchbook


Draftking Sportsbook
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Betstars Sportsbook

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Sports Betting History

sports betting history

The love for betting is ancient and one only has to turn over the pages of history to learn that people have been in the habit of betting on anything and everything from times immemorial. While ancient punters used to bet on the outcomes of cock fights and fist fights, betting on horses became increasingly popular later in the nineteenth and twentieth centuries. Baseball betting developed into a craze in America during the nineteenth century and today people bet not only on sports such as cricket, football, ice hockey, horse racing, boxing and motor sports, but also on social and political events such as the recent wedding of Kate Middleton and Prince William.

Sports betting first gained popularity when popular TV channels began broadcasting sports events live. When the federal government cut sports betting taxes by 10 percent, a number of land casinos launched special sports betting sections to prevent customers from leaving the casino premises for their sports betting requirements.

Online sportsbooks appeared at the end of the twentieth century, giving punters the chance to place bets online, through telephone and even through their mobile phones. Today, punters need not depend on bookies or land casinos; they only have to log into their favorite online sportsbooks, check out tons of sportsbetting information online and place bets on their favorite sports in the comforts of home.

Punters either bet for entertainment or to make profits. Even punters who bet for pure entertainment will not mind making a pile of money once in a while. However, making a profit out of sports betting is not that easy. A punter who is just starting out must first get familiar with the punting laws in his/her part of the world. The next step is to understand punting lingo, which differs from one online sportsbook to the other. New punters should also learn about various types of bets such as proposition bets, which can be placed on the results of matches; parlays, which allow bettors to place multiple bets; teasers, which are bets placed on multiple events; and others such as progressive parlays, if bets, futures, head-to-head wagers and totalizators. Fortunately, the Internet is full of free information regarding betting odds how to bet, betting jargon and other useful information.

Successful punters never stick to one online sportsbook; instead, they study the odds at different online sports betting sites, check the odds analyses at various punting blogs and betting sites and update their knowledge regarding sports, teams, players, coaches, previous performances before parting with their hard-earned money.

Since online sportsbooks cover a wide range of sports such as dog racing, horse racing, college football, college basketball, professional baseball and hockey and even social and political events, players will definitely find the sport or event that interests them the most at any prominent online sports betting site such as, William Hill, Ladbrokes, Betfair, Betfred, or others. Moreover, online sportsbooks offer generous deposit bonuses, free bets, exciting promotions and other incentives to keep punters on their premises.

Odds formats basics

The only thing that is important for the vast majority of punters when placing a bet is how much the bet will return if it wins. It’s what adds the extra excitement to the particular sport you are watching. Well the bookies are smart enough to know this also and that’s why as soon as you look at any sporting event in their shop or on their website you’ll always see it accompanied with odds. These odds are what bookmakers use to relay to the punter how much they will win.

Check our articles on each of the different odds formats or use the betting odds calculator below if all you want is to convert your odds.

How to use the odds converter

  1. Enter the odds in the relevant field you would like to convert
  2. Our odds converter will then convert into all other formats
  3. The underlying system on the Smarkets exchange matches bets between users in percentage prices. The available nearest price you can bet on will be displayed in the Smarkets nearest tick section.

How to use the bet calculator

Having the ability to calculate your return on any bet is a great skill, and the Smarkets bet calculator makes this process simple. Read on further to learn how to calculate your return for each odds type.

Betting odds as a percentage

Bookmakers around the world display the odds they are offering differently. This is due to the fact sports betting didn’t evolve from one region and spread around the world but is in fact a very basic human behaviour and therefore evolved separately around the world. With the advancements in internet betting these different regional betting odds are now available to everyone but for anyone who is use to one odds display the new displays will seem very confusing.

Our odds converter calculator is there to help take away that confusion. Although the odds formats are all very different they all equate to the same monetary returns and can therefore be converted to your favoured odds format using a basic equation.

Most odds formats are given a descriptive name based on the region they are most popular. You have UK odds (fractional odds), European odds (decimal odds), American odds (moneyline odds), Hong Kong odds, Indonesian odds and Malaysian odds. In their purest form these are all just representations of the probability an event has of occurring and the amount of money returned if you decide to bet on it.

With all these different odds formats now coming under the one roof that is the internet, one format is fast becoming the favoured format, and that’s the decimal odds format. This is because it is the easiest for the average sports betting enthusiast to work out any potential winnings and as we have already said, the only thing that is important for the vast majority of punters when placing a bet is how much the bet will return if it wins.

Explanation Of Arbitrage Betting

Arbitrage betting opportunities occur when a bookmaker sets their odds on an event higher than they should. Money can be made when this happens by using a betting exchange. By betting against that event on a betting exchange (called laying a bet) and backing the event at the bookmaker with the high odds, you can lock-in a profit no matter what happens in the event. Although the difference in odds with the back and lay may only be very small, this value can be greatly increased by multiplying the stakes used when placing the bets.

Arbitrage calculator

This arbitrage calculator automatically calculates how much you should stake on each outcome on a market you want to make an arbitrage bet on.

Using the Smarkets arbitrage calculator is simple. Just follow the below instructions:

  • Input the total stake you want to risk.
  • Input the odds for outcome 1 and the commission if on a betting exchange (if you are arbing between bookmakers set the commission value to 0).
  • Repeat for the other outcomes you would like to arb (add new outcome if you require more than 4 outcomes on a market).
  • The arb calculator will then automatically inform you how much you need to stake on each outcome and your profit.

As Sports Betting Grows, So Does the Number of Different Ways to Wager.

What Can Be Bet On?

Game Outcomes
The most popular sports to bet on are NFL and college football along with NBA and NCAA basketball. There are multiple betting opportunities within those sports, beginning with the basic wager on a game’s outcome (also called betting the side). Point spreads are used in both football and basketball in an attempt to even the attractiveness of each team in a match-up.

But you could also simply bet on the money line, or straight-up winner of the game. Oddsmakers use the money line so that more money must be risked on the favorite or expected winner and less money on the underdog to balance the action on both sides. While money line gambling is an attractive option for football and basketball bettors who only care about picking a winner, it is the primary option for those bettors who enjoy wagering on MLB baseball and individual sports like boxing, tennis, golf and racing events such as NASCAR.

Points (or Runs) Scored
Another bet across all major team sports including football, basketball, baseball, and hockey involves wagering on the amount of scoring in a game, called an Over/Under total. For example, the Over/Under total on Super Bowl XXXIX was 48, which means a bettor could wager whether there would be more or less than 48 points scored by both teams combined in the game.

The final score of Super Bowl XXXIX was 24-21; the scoring of both teams added up to 45, which means the game went Under. So Under bettors won, and Over bettors lost.

Future Bets
Sports gambling doesn’t end there. Betting sides and totals are the most common wagers available everywhere, but many sportsbooks also offer future bets on big upcoming events like who will win next year’s Super Bowl and what movie will win Best Picture at the Academy Awards.

The main advantage of futures is that you can get appealing odds by betting far in advance. For example, with NFL futures you often can get much higher odds on a team by betting before the season even starts. A NFL future bet on a team to win the Super Bowl might be 20/1 in the preseason; but by midseason, their odds might decrease to 10/1 if they turn out to be legitimate championship contenders.

Proposition Bets (or Prop Bets)
Proposition bets, also known as prop bets, focus upon the more exotic aspects of a game and are generally reserved for events that are widely televised. Prop bets are extremely popular when it comes to wagering on the Super Bowl in Las Vegas. The Imperial Palace Casino’s sportsbook is well-known for the enormous number of prop bets offered. For example, you can bet on:

  • What team will win the coin toss
  • What player will score the game’s first touchdown
  • What will be the exact margin of victory

Types of Bets

Straight Bet
Involves one individual wager, whether it be on your team to cover the point spread, to win the game straight-up on the money line, or to go over/under the total.

A parlay is a single bet that links together two or more individual wagers and is dependent on all of those wagers winning together. The benefit of the parlay bet is much better odds than placing each individual bet separately since the difficulty of hitting it is much higher.

Standard payoffs on a two-team parlay are 13/5; while a three-teamer pays 6/1; and a four-teamer 10/1.

Parlay cards are also fairly common in sportsbooks and popular with bettors, as they are released early in the week with set odds that do not change in return for a slightly lower payoff.

Round Robin
Adventurous bettors who enjoy betting parlays sometimes put together a series of parlays called a Round Robin. A three-team Round Robin consists of one three-team parlay and three two-team parlays. For example, Joe likes teams A,B,C – with a Round Robin he has a three-teamer with ABC, and two-teamers with AB, AC, and BC.

Similar to a parlay, a teaser bet is a single bet that links together two or more individual wagers, but is different in that the point spread is adjusted to your advantage on each individual wager. In exchange for the points, you get less of a return on your bet compared to a parlay. For example, a 6-point teaser would move the line on a 7-point favorite from -7 to -1, meaning the team would have to cover 6 less points. Each of the individual wagers must win or the bet is a loss.

These are the main types of sports bets available today. But as sports betting continues to grow, sportsbooks will continue to develop new and creative ways to bet. We’ll continue to track these changes to the sports gambling landscape, so check back often and we’ll tell you all about it!