Online sportsbooks offer a wide variety of deposit and withdrawal methods. Credit cards and debit cards are the most common, but electronic checks, prepaid cards, and electronic wallets are also a great option. Some sites also accept cash deposits with services like PayNearMe. However, these services aren’t available everywhere.

The first step when betting online is to make sure that the website is legitimate. If it doesn’t have a proper license, it might be a scam. You can tell whether a site is legitimate by performing a Google search. Some sites may also offer free bets with a nominal prize, so you can try your luck for free.

The next step is to evaluate the moneyline odds. The odds may differ between sportsbooks, so you should always shop around to ensure that you get the best deal. Many major online sportsbooks offer close odds. If you want to get the most money for your bets, it is best to bet on sports with close odds.

The odds are often better at online sportsbooks than at local sportsbooks. Even a slight shift in the odds in your favor can make a losing bet a profitable one. Plus, betting online is more convenient than going to local sportsbooks.