Online betting is a great way to place a wager without having to leave the comfort of your own home. However, there are a few things you should consider before placing your first bet. These include knowing your state laws, deciding how much you want to risk and understanding how online sportsbooks work. This will help you avoid any misunderstandings or misuse of your account.
The best sports betting sites offer an extensive range of markets and features, including live MLB, NBA and NHL streaming. They also offer large bonuses, odds boosts and high betting limits. Some even have a loyalty program and daily free-to-play pools where you can win bonus bets.
New Jersey was one of the first states to legalize sports betting after a Supreme Court ruling, and it’s now setting handle records thanks to its competitive operator-friendly system. It’s home to 21 sportsbooks and welcomes new operators like the betting exchange Prophet. In addition, it has a no-fee policy on losing bets and offers same-game parlays with some of the fastest payout speeds in the industry.
Florida is still considering allowing sports betting, but it could be years before you can legally place wagers. Mississippi has passed sports betting legislation but only allows you to place bets at retail outlets on casino property. Montana is another state that has not yet made sports betting legal. It’s likely that won’t change anytime soon as the state’s politicians have deep-seated opposition to gambling.