The sports betting industry in the US is booming these days. Last year’s changes to the law allowing individual states to determine the legality of sports betting within their borders is part of the driving force. The other big gateway to expansion is offshore sportsbooks catering to the US market.
The legality of sports betting in the US was always a grey issue due to antiquated federal laws. With individual states in charge of their own gambling laws, it has become a much more favorable environment for offshore books taking action online. There may still be some restrictions in place on a state-by-state level, but for the most part it is perfectly legal to bet on your favorite sports at an online sportsbook of your choice.
What the changes to the law have really created is a much more competitive environment throughout the US sports betting industry. The top offshore books have risen to the challenge with even more features and benefits for their online customers.
There are a number of different ways to evaluate any online sports betting venue starting with selection. The start-up books in states with legal betting are trying to close the gap with the established online sportsbook industry, but at this point in time, they have a ways to go. Here is a quick look at a few ways the top online sportsbooks have risen the bar for US sports bettors.
Betting Options and Selection
Most of the action at online books is centered on straight bets using a pointspread for sports such as football and basketball. Moneyline odds are more prevalent in betting on baseball and hockey. That being said, variety is the spice of life and most avid bettors are looking for new and exciting ways to bet on their favorite sporting event.
Whether you are looking for prop bet options, expanded exotics or live in-game wagering, an expanded menu of betting options can always be found at the top-rated online books. Some books go out of their way to come up with new and exciting ways to bet on a wide variety of sporting events. Most books also offer an extended racebook for betting on horses along with an online casino equipped with slots and live-dealer table games.
Bonus Programs and Promotional Offers
One of the biggest ways the top online books have raised the bar is an expanded selection of bonus offers, on-site promotions and incentives. It is easier than ever to earn cash back that can extend your overall online betting bankroll.
While there is always going to be rollover requirements attached to any bonus offer, many books have lowered their rollovers so more recreational sports bettors can participate. There are also more promotional offers in place covering all of your online gambling needs.
Most online racebooks offer a cash-back rebate incentive on all your online betting action, win or lose. You can earn separate bonus offers for all of your online casino play. One of the most popular incentives for avid sports bettors is “reduced juice” options for certain types of bets.
Multiple Banking Options for Deposits and Withdrawals
Setting up an online sports betting account has never been easier at online books. From credit and debit cards to Bitcoin and other cryptocurrencies, there are a wide variety of ways to fund your account. Making withdrawal requests on winnings is also a streamlined process with most payments processed within 24 hours.
The vast experience and high level of expertise that long-standing online sportsbooks bring to the table is the No. 1 reason they are still the market leaders in a rapidly expanding industry. Savvy US sports bettors know how to leverage this edge to enhance their online sports betting experience.