Online Sportsbooks – Which Sportsbooks Are Legitimate?

Sportsbooks are businesses that make money by balancing the number of bettors on both sides of a wager. They do this by pricing the odds based on the expected probability of a specific event. For instance, if a team is expected to win by 50%, then the odds will reflect this probability. That leaves a 4.5% profit margin for the sportsbook.


Xbet sportsbook is part of the Mybookie group of companies and is an online betting site that accepts credit cards, Bitcoin and other cryptocurrencies. The company was originally located in Costa Rica but was purchased in 2017 by the brand MyBookie and moved its headquarters to Curacao. Since then, Xbet has undergone an upgrade to its design and offers a broader variety of sports.

XBet sportsbook offers a generous bonus to new players who make their first deposit. Besides, it also has special promotions for existing members. The welcome bonus offers a 25% deposit match up to $250. In addition, XBet runs contests for popular sporting events where the winner can win guaranteed top prizes.


Bovada is a legal online sportsbook that accepts members from 45 states and Washington, D.C. It is licensed in Costa Rica, which is an offshore gaming jurisdiction. While the federal government does not make gambling on offshore sportsbooks illegal, some states do. Bovada does not accept bettors from Delaware, Maryland, New Jersey, or NY.

Bovada sportsbook offers generous welcome bonuses that require a lower wagering requirement than some other sportsbooks. Their bonuses can be as generous as 200% of your first deposit. However, you must wager your bonus amount five times before you can withdraw your winnings.


FanDuel sportsbook allows you to deposit and withdraw money via a variety of methods. You can use most major credit cards as well as PayPal to fund your account. The company also offers a live chat and email support service. Using this service is very convenient, and the support staff is friendly and helpful.

FanDuel sportsbook is a popular online sportsbook and draws a large number of bets. This is in part due to its efficient odds board, which tends to be on point from the time of the initial release of the lines to the actual game time. In addition, the odds on FanDuel are generally in line with other leading sportsbooks. In some cases, the odds may vary depending on other factors, but overall, you’ll get fair odds from FanDuel.


DraftKings is an online sportsbook that offers boosted odds on many different sports and betting markets. It is licensed in several US states and is listed on the NASDAQ stock exchange. It is recognized as a legitimate sportsbook by many major league sports teams in the US. It also offers a variety of responsible gambling tools, such as reality checks and timeouts. It also offers the contact details of organizations that offer help to problem gamblers.

Among its many advantages, DraftKings has a simple layout and straightforward navigation. In addition to standard sportsbook offerings, it offers a comprehensive range of secondary markets and alternate lines. Moreover, the website uses simple language and has an entire section devoted to the assistance of newcomers.