Best Online Sports Betting and Sportsbooks of 2022

For decades, the only way to place sports bets online in the United States was through offshore operators such as Bovada and BetOnline. But everything changed in 2018, when the Supreme Court overturned PASPA. That decision led to U.S.-based operators like FanDuel and DraftKings opening up their own sportsbooks.

Depending on which state you are located in, you may now have dozens of sites to choose from for online sports betting. Below, we’ve reviewed the most popular options for both offshore and U.S.-based sportsbooks in order to help you determine which platforms are the best fits for your betting preferences.

Two people using computer

How We Chose the Best Sports Betting Sites

There are many factors to consider when evaluating a sportsbook operator. In order to come up with our list of the best online sportsbooks and sports betting sites, we reviewed each platform’s sports variety, bonuses and promotions, banking methods, user interface, customer support, and security features.

How we score sports betting sites

Sports Variety: The best sports betting sites offer a wide variety of sporting events and games to bet on. We looked for sports betting sites that consistently have lots of options.

Bonuses and Promos: It’s important that bettors understand the terms of the bonuses offered by sports betting sites. We put a premium on sites whose bonuses have clear terms and conditions, and continue to offer promotions after their initial welcome bonus.

Banking Methods: From online banking to cryptocurrency, bettors should be able to make deposits and withdrawals in a way that’s convenient for them. We also factor payout speeds into this category.

User Interface: Making deposits, placing bets, and cashing out should all be easy tasks to accomplish on a sports betting site’s desktop and mobile app. We look for a smooth and engaging user experience.

Customer Support: Sports betting sites should offer multiple help options to their bettors, whether that’s phone support, live chat, or email support. Bettors deserve to be dealing with a real person when issues with betting arise.

Security and Safety: Sports betting sites must be licensed with the appropriate regulators. We look for valid licenses and chose sports betting sites based on how well they protect their users’ data.

The Top Sports Betting Sites of 2022

Bovada

Bovada Interface

This Costa Rica-based operator offers a particularly wide selection of sports and betting types to choose from, and they even offer live chat and phone options for customer support. It should be noted that, as an offshore sportsbook, it is technically illegal for Bovada to operate in the U.S. — but these laws are more directed at providers than users, so American bettors likely won’t face any legal consequences for using this option. Bovada’s offshore status means that they’re available in more states than any U.S.-based sportsbook, but they are also held to lower security standards and there are fewer deposit/withdrawal methods available.

Read our full review

FanDuel

FanDuel Homepage

Founded in 2009, FanDuel has long been one of the most popular platforms for daily fantasy sports and now offers one of the top online sportsbooks as well. You can make both deposits and withdrawals directly through your bank account or PayPal. And for many sporting events, FanDuel provides a streaming video feed that allows you to watch the game on the same page that you use to place live bets.

Read our full review

DraftKings

DraftKings Homepage

Similar to FanDuel, DraftKings was a top DFS site before they also became a sportsbook platform following the PASPA decision in 2018. They’re now the best operator when it comes to quick payouts — you can receive your funds in as fast as 24 hours through wire transfer. DraftKings is also notable for being available in more states than any other U.S.-based sportsbook, as there are a couple states where online bettors are only allowed to place wagers through this platform.

Read our full review

BetMGM

BetMGM Homepage

This U.S.-based sportsbook is managed by the world-famous casino and hotel brand MGM Resorts International. BetMGM is most notable for their user-friendly yet feature-rich interface — the design is clean and easy to navigate, and it includes extra features such as live streaming video of sporting events and a highly customizable Parlay Generator tool.

Read our full review

BetOnline

BetOnline Homepage

This provider offers some particularly attractive promotions — in addition to the $1,000 welcome bonus, you can also earn up to $200 for each person that you refer to BetOnline. And due to being based in Panama, using this operator comes with all the advantages (high availability) as well as disadvantages (limited withdrawal options and lower security standards) that are associated with offshore sportsbooks.

MyBookie

MyBookie Homepage

MyBookie is another offshore sportsbook that offers generous bonuses and high availability (they accept bettors from every state except Nevada, New York, and New Jersey). This platform’s user interface is quite well-designed and easy to navigate, especially for an offshore sportsbook. They also offer a wide selection of sports to bet on, including some niche options such as volleyball and Aussie rules football that you won’t find on some of the other top sportsbooks.

BetUS

BetUS Homepage

BetUS is one of the most reputable offshore sportsbooks, as their staff includes over 1,000 people and they’ve been in business for over 25 years. They offer a strong selection of different sports to choose from, and they offer live betting as well. For research purposes, you can take advantage of the BetUS TV section of their site, which includes original video content of experts making predictions and sharing betting strategies. It’s also worth noting that you can get a deposit bonus of up to $2,500 as well as up to $2,000 in additional bonuses for each person you refer to the platform.

XBet

XBet Homepage

XBet may be an offshore sportsbook, but they have taken some serious steps to keep user data secure. Indeed, the site is protected by 256-bit encryption and a secure socket layer (SSL) certificate. And if you ever run into any issues on this platform, you can reach out to their customer support team via phone or live chat 24/7.

BUSR

BUSR Homepage

BUSR is notably legitimate for an offshore sportsbook — they’ve sponsored fighters in WBO boxing matches, they have offices in the United Kingdom and the Americas, and they even have a partnership with the UNLV Lee Business School to provide polling data on U.S. elections. As for sports betting, BUSR allows you to place wagers on everything from the most popular leagues (NFL, NBA, MLB, etc.) to more niche sports like wrestling and cricket. The user interface is a little outdated, though.

Sports Betting

SportsBetting Homepage

Using this online sportsbook is an exercise in nostalgia, as it still looks like a site that was designed 15 or 20 years ago. Still, the platform is fully functional and easy enough to navigate, featuring roughly the same selection of sports and betting types that you would find available with most other operators. In fact, there’s a particularly wide variety of international sporting events available on Sports Betting.

Caesars

Caesars Homepage

There’s a good chance that you’ve already seen plenty of ads for this operator, as Caesars has been heavily promoting their online sportsbook since it launched a couple years ago (this platform was known as William Hill before it was acquired by Caesars in 2021). As a U.S.-based sportsbook, you can be confident that your funds and personal data are safe with Caesars. One drawback, though, is that their bonus opportunities are fairly limited compared to other operators.

bet365

bet365 Homepage

There are many ways to move money in and out of your account with this provider, which currently only operates in New Jersey — you can make both deposits and withdrawals using bank transfer, Visa, Mastercard, PayPal, or Skrill. Streaming video is provided for some live events, and there’s also a schedule tool that makes it easy to keep track of when teams are expected to play their next games.

PointsBet

PointsBet Homepage

If you’re looking for a new way to bet on sports, this operator’s exclusive “pointsbetting” system provides you with a unique method for wagering on outcomes. They offer the usual sports betting methods such as spreads and moneylines as well. PointsBet is an especially good option if you plan to use sportsbooks while you’re on the go, as their mobile app is quite user-friendly. But it should be noted that PointsBet is available in fewer states than most other U.S.-based sportsbooks

FOX Bet

FoxBet Homepage

As of this writing, FOX Bet is only available in Colorado, Michigan, New Jersey, and Pennsylvania. But if you’re located in one of these four states, you should certainly consider using this sportsbook — FOX Bet offers strong security/privacy policies and an exceptional user interface. Their new Parlay Builder tool is particularly helpful.

The Basics of Sports Bettings

All of the platforms listed above allow you to bet on the most popular sports leagues, such as the NFL, NBA, and Premier League soccer. Depending on the platform, you may be able to bet on more niche sports like table tennis and beach volleyball as well.

Regardless of which sport you choose to bet on, you’ll find that there are several ways to place wagers on any given sporting event. The most common betting types include the following options:

  • Point Spread: Oddsmakers will set a “spread” for each game, which is the margin that the favorite needs to win by in order for you to win a bet that was placed on them. Conversely, even if the underdog loses, you’ll win a bet that was placed on them as long as they lost by fewer points than the spread.
  • Moneyline: If the team you placed a moneyline bet on wins the game, then you win the bet. The catch is that favorites offer relatively low payouts, while you may be able to multiply your wager several times over by betting on the underdog.
  • Total: This type of bet, which is also known as an over/under, involves betting on how many points will be scored in a game rather than which team will win or beat the spread.
  • Prop: Instead of betting on the final outcome of a game, prop bets allow you to wager on separate events within the game. For example, in a soccer match you could bet on how many goals a particular player will score or whether the game will go into overtime.
  • Parlay: This is an excellent option for bettors who are more willing to risk losing their bets in exchange for higher payouts. Parlays involve combining multiple selections into a single bet. They do offer the potential for big wins, but if just one of the selections in your parlay fails to hit, you’ll lose the entire wager.

Common Sports Betting Bonuses to Jump On

Most sportsbooks offer at least one of the following promotions to encourage new users to sign up on their platforms:

  • Deposit Matching: The larger your initial deposit on a platform, the more free money you can get with this type of bonus.
  • Risk-Free Bet: On many platforms, your first bet is entirely risk-free. That means if you lose, the amount you wagered is credited right back into your account. You’ll still need to put up your own money for the initial bet, though.
  • Free Bet: This promotion is like a risk-free bet, but better — you don’t even need to wager your own money in order to use this bonus.

With some sites offering sign-up bonuses that are worth as much as $2,500, you should consider signing up for multiple platforms just to take advantage of these promotions.

Sports Betting Tips for New Bettors

Watching TV

It would take a whole book just to review a fraction of all the different strategies that sports bettors use to try to give themselves an edge against the oddsmakers. That said, here are a few basic tips that can help any beginner become a more successful bettor: 

  • Manage Your Bankroll: The first rule of sports betting is that you never risk money you can’t afford to lose. Before you place any bets, consider how much money you’re truly able to set aside for gambling — this is your bankroll. One helpful rule of thumb is that you shouldn’t place more than 5% of your bankroll on a single bet. For example, if you start out with a bankroll of $500 for the NFL season, you initially shouldn’t wager more than $25 on a single bet.
  • Do Your Homework: You can never be too informed when it comes to betting on a sporting event. So, review the stats and keep an eye out for trends. Take a look at the injury report. And don’t forget to check on the weather. Oddsmakers will be considering all of these factors and more — you won’t stand a chance if you don’t do your own research as well.
  • Shop Your Lines: Each operator sets their own odds. When you’ve got a pick that you think will hit, you should always check the lines on a few different sportsbooks to see where the odds are most in your favor (for example, if you’re betting on the underdog in a game, you might be able to find a less risky spread of +5.5 on one sportsbook when all the other operators have set it at +4.5). In addition to taking advantage of sign-up bonuses, this is another reason to use multiple sports betting platforms.
  • Keep Your Cool: Losses are inevitable in sports betting — while you can’t control the fact that you’ll lose sometimes, you can control how you handle it. Inexperienced gamblers have a tendency to go “on tilt” when they lose a few bets in a row, which means they let their emotions take over and start frantically placing uninformed bets out of frustration. Of course, this will usually lead to you losing even more money. Whenever you feel yourself getting upset, you’ll be better off taking a break to cool down rather than channeling your anger into aggressive, illogical bets.

Frequently Asked Questions

+

Is sports betting legal in the U.S.?

As mentioned above, the Supreme Court’s decision in 2018 to overturn PASPA effectively legalized sports betting at the federal level. Each state is now able to decide whether they will allow sports betting. There are now 30 states (plus Washington D.C.) that have legalized at least some types of sports betting, though many of these states still don’t allow you to place wagers online.

+

Do sports betting sites accept cryptocurrency?

Cryptocurrency is a popular deposit and withdrawal option for offshore sportsbooks. As for U.S.-based sportsbooks, the only state that currently allows you to use cryptocurrency for online sports betting is Wyoming.

+

Is offshore betting legal in the U.S.?

While it is technically illegal for offshore sportsbooks to operate in the United States, American bettors are unlikely to face any legal consequences for using these sites (in fact, millions of U.S. bettors use these sites each month). Just keep in mind that operators located offshore are not covered by the same strict regulations as U.S.-based sportsbooks, so there’s no guarantee that your funds or personal data will be kept secure.