Betting online is a great way to place your bets on a wide range of sports events. It’s also a fun way to watch the action unfold as you wager on your favourite teams.

Several states have legalized sports betting, and others are working to do so. However, many of these states have limited options for bettors.

The best online sportsbooks for US players are those that have been approved and licensed by the state where you live, and offer a great variety of wagering options. Whether you’re looking to bet on NFL, NBA, NHL, MLB or even college football, there’s a site for you!

Finding the right betting site is an important decision. You need to find a site that offers the best value, is easy to use and is compatible with your mobile device.

You should also consider the odds offered by different sportsbooks. These will vary based on the amount of juice they are willing to offer and their own betting systems.

Odds tell you the implied probability of a team winning, and can be positive or negative. Negative odds indicate a favorite and smaller return potential, while positive ones suggest an underdog and larger return potential.

Moneyline: This is the most common type of bet. It’s usually the most popular for big favorites, but you can also bet on moneyline underdogs.

Point Spread: Similar to moneyline betting, point spreads are used for higher-scoring games. To cover a point spread, you must bet more than the margin set by the oddsmakers.