Betting online is a great way to bet on sports. Whether you’re an avid fan or just want to place a bet now and again, online betting sites make it easy. Just remember to be responsible and never gamble with money that you can’t afford to lose. It’s also a good idea to use flat bets when you wager. This method guards against a losing streak, but still sets you up for a positive return on your investment when you do win.

When placing a bet, you’ll want to familiarize yourself with the odds and payouts on each wager type. You’ll find a variety of bet types, including Win/Draw/Win (or just Win/Draw), Total Goals, Over/Under Total Points, Prop Bets, and Parlays. Parlays are bets that link multiple individual bets together for a higher payout if all bets win. In order to place a parlay, you must place bets on at least two different teams.

The list of legal online sports betting states continues to grow. New Jersey and Pennsylvania are among those that have already rolled out sports betting, with NJ sportsbooks offering the most competitive odds. New Jersey voters approved a constitutional amendment in November 2011 that instructs the state legislature to regulate the industry. The Supreme Court struck down the 1992 Professional and Amateur Sports Protection Act (PASPA) in 2021, making sports betting a possibility in any state that chooses to allow it. Several have since passed legislation and launched retail sportsbooks, including New York, Florida, Nevada, and New Jersey.