Sportsbooks are a popular way for local bookies to even out the action on the betting lines. These betting websites offer a wide variety of wagers, lucrative welcome bonuses, and the ability to place parlays. Almost every matchup has a sportsbook available. These betting sites are great for sports enthusiasts and aspiring punters looking to make a big bet.
Sportbooks are used by local bookies to even out the action
For decades, local street bookies relied on nothing more than a few burly goons to break legs, and now, thanks to the internet, the game is much easier to watch and wager on. The college basketball Final Four is a great example of this, with millions of dollars expected to be wagered. To take advantage of this lucrative market, many local bookies are turning to a new, burgeoning corner of the internet. Think of it as a bookies’ Quicken, but for sports.
Local bookies aren’t allowed to accept sports bets over the phone, but in some countries, including the UK, it is legal to do so. In such countries, sports betting is regulated and consumers are protected by law.
They offer lucrative welcome offers
Sportsbooks make the most money from signing up new customers with lucrative welcome offers. These welcome bonuses can come in the form of deposit match bonuses or free bet credits. These offers are valid only for the first time a new member makes a deposit at the sportsbook. These welcome offers can be quite lucrative, but remember that they are one-time-use offers.
The most common welcome offer is a deposit match bonus. The site will match your initial deposit up to a certain amount, and you can use these funds to place bets. Another popular welcome offer is a risk-free bet. If you lose your first bet, the site will refund you the amount you deposited.
They accept parlays
One of the most popular ways to place a bet on a sporting event is to make parlays. Parlays are multiple bets that combine point spreads, totals, and moneylines. Each selection increases the odds of a win. Although parlays can be profitable, they are also risky. Taking advantage of parlay insurance can help prevent losses. The insurance will return your stake if one selection does not win.
The Bovada sportsbook is a great place to place a parlay. Its oddsmakers are some of the most reputable on the internet, and it offers a unique parlay builder. Bovada also offers a $250 sign-up bonus, as well as a Bitcoin bonus. To place a parlay, you will need to make two or more selections and click on the parlay option on the right side of your screen.