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The Best Online Sports Betting Sites in 2023

written by Nitin Garg | Dec 07, 2022
Sports Betting and sports book game development

Online sports betting has been the talk of the town for a decade. It has quickly become one of the most popular ways to gamble. One of the most prominent reasons for the popularity of online betting is the availability of reliable sports betting sites and the lucrative offers they provide. Moreover, increased smartphone and internet penetration also played a major role in the growth of the best sports betting websites. 

Although the legality of sports betting is still a grey area in many countries, the global market is huge and lucrative. According to Statista, the global sports betting and gambling industry market size amounted to $61.5 billion in 2021. It is estimated to rise to a staggering $114.4 billion by 2028. 

In India, online sports betting has an active user base of 140 million users who regularly bet on their favorite sports. Additionally, according to a survey by Pew Research Centre, around 1 in 5 Americans(19%) confessed to having a bet on sports. As of now, 35 states have legalized sports betting in some form in the United States. 

Are you also curious about online sports betting? Fret not, in this blog we will highlight the best online sports betting sites where you can take advantage of lucrative offers and exciting features to earn hefty rewards. But first, let us know more about sportsbook software

What is a Sports Betting Website?

A sports betting website allows bettors to predict the results of sporting events and place a wager on the outcome. These websites take the betting experience to the next level by providing interactive features and exciting offers to their users. Furthermore, the ability to bet on sports and earn profits from the comfort of your home is sought after by many online gamblers. 

By using a top online sportsbook, users can get comparatively better odds and more lucrative offers than offline betting. A reliable sports betting site also provides different types of bets and different accumulators that multiply the winning amount by a significant margin. Here are the different types of bets that are available on sports betting websites-

  • Straight Bets
  • Spread Bets
  • Parlay Bets
  • Totals Bets
  • Future Bets
  • Prop Bets

How to Choose the Best Online Sports Betting Sites?

The rise in technology has given rise to a plethora of online betting sites. This makes it quite difficult to choose the one most suitable for you. However, everyone has different preferences when it comes to online sports betting sites. While some may prefer exciting offers, some lean towards better odds and a variety of games. Here we have listed some important factors that will help you pick the best online sportsbook from a wide range of options. 

Choose the Best Online Betting Sites

1. Offers and Bonuses

Offers and Welcome Bonuses are one of the most effective ways for a bookmaker to attract new customers. It is important to take the offers into account while choosing an online sportsbook. Do some research and find out about the welcome bonuses and offers available on the sites. Make sure to read the terms and conditions carefully to avoid any hassle in future monetary transactions. 

Sometimes, these websites provide seasonal offers that can help you get your money back if you lose the bet. Money-back bonuses are some of the best in the industry and you should give special emphasis to them. 

2. Payment Methods

All bets require you to wager money on the website. It is essential to look for a website that provides multiple payment options with reliable gateways. There are a variety of payment options available like PayPal, Google Pay, and credit or debit cards. Moreover, some top online betting sites also provide cryptocurrency support which means they accept cryptocurrencies as payment. Make sure to look for an online sportsbook that supports these payment options to perform transactions without any hassle. 

3. 24×7 Customer Support

One of the best ways to identify the best online sportsbooks is how they treat their customers. Customer support is a big factor in deciding the best sports betting website. The way in which a betting company responds to its customers can tell you a lot about the betting experience of the website. Sports betting platforms now have a built-in live chat customer support option where users can ask their queries and problems. 

4. Variety of Sports

There are a wide variety of sports fans who love to bet on different sports. A reliable sports betting site will not fail in providing a wide selection of different sporting events to its users. The more betting options you have, the better the betting experience. Make sure to look for a betting site that covers all the major sports and leagues. It is also worth noting the different types of bets provided by the website. Make sure to take these factors into account while choosing the best online sportsbook. 

5. Features of the Website

One of the most important factors while choosing the best sports betting site is the features provided on the website. Features are incorporated into the website to enhance the user experience and give them a real betting experience. Features like live chat, attractive UI, a variety of betting types and multiple payment options go a long way in increasing the user experience on the website. You should also check if the sports betting website provides a dedicated mobile app so you can access the platform from anywhere via your smartphone. 

These are some of the major factors worth noting while choosing your online sports betting provider. Make sure to check these factors to make an informed choice. Still confused about which platform is most suited for you, we have made a list of the top online betting sites to make your search a little easier. 

Read More:- Sports Betting Exchange Software Provider: An Ultimate Guide

Best Online Sports Betting Sites in 2023

Here we have listed the best sports betting websites that provide the best features and the most exciting bonuses. So without further delay, let’s get started. 

Online Betting Sites in 2023

1. Bet365

It is one of the most well-known and renowned bookmakers in the world. They are owned by a company called Hillside(UK Sports) ENC and own a remote gambling license. The license allows them to run online gambling operations as well as land-based gambling operations in the United Kingdom. A well-known gambling platform with a reliable license ensures that they are one of the safest platforms in the market. 

Gross Revenue(2019)£2.9 billion
Experience22 years(founded in 2000)
Deposit BonusUp to $1,000 free credits on first deposit.
LicenseBritish Gambling Commission

2. Bovada

Bovada is currently the biggest online sports betting site in the United States by a big margin. It was previously linked with Bodog but officially separated in 2011 and now runs as its own brand. The top online sportsbook receives almost 3.4 million visitors in a month which is ten times more traffic than its closest competitor. As far as design is concerned, Bovada features a very clean and attractive user interface that is compatible with different screens and devices. 

Gross Revenue$27 million
Experience11 years( operating as its own brand since 2011)
Deposit BonusWelcome Bonus of 50% up to $1,000.
LicenseCurrently Unlicensed 

Read More:- Cost of Sports Betting App Development With Top-Class Features

3. Betfair

Betfair is also one of the leading names in the sports betting industry. The popular online sports betting site also has a dedicated Esports section which can’t be found on many sports betting sites. It also features a pretty clean and attractive UI that is easily navigable and easy to use. Moreover, the top online betting site provides a selection of over 29 sports to bet on with all the major payment options available. 

Gross RevenueApprox. $462 million
Experience23 years( launched on August 1999)
Deposit BonusBet £10 and get £30 in free bets
LicenseUK Gambling Commission, Malta Gambling Authority, Danish Gambling Authority

4. FanDuel

FanDuel is a leading USA-based sports betting website. The popular website is intricately detailed and provides a stunning, easy-to-navigate UI. One of the best features of FanDuel is the plethora of payment options it provides. The top online betting site also allows users to make transactions with the FanDuel prepaid card which doesn’t have any extra fees. FanDuel also provides a reliable customer support team that is quick to address and solve users’ queries. 

Revenue$3.2 billion
Experience13 years( founded in 2009)
Deposit Bonus$1,000 No sweat first bet
LicenseState of Jersey and Division of Gaming Enforcement

Read More:- Cost & Features of Fantasy Sports App like Fanduel

5. DraftKings

It is one of the best sports gambling sites and is preferred by a majority of online gamblers. One of the main highlights of DraftKings is its vast sports library and customized bets that are based on your betting history. The main USP of the betting platform is their live betting feature and the ability to stream live sports right from its platform. DraftKings also features a social media hub where users can connect and interact with their friends and share their betting picks with them.

Gross Revenue(2020)$615 million
Experience10 years( founded in 2012)
Deposit Bonus$1000 deposit bonus
LicenseUnlicensed

6. BetMGM

BetMGM is also one of the sports betting websites that are dominating the USA market. The betting website is available in 16 US states and also has a dedicated Desktop, iOS, and Android application. It also features an attractive and easy-to-use website that helps it in attracting a large user base. Moreover, BetMGM also features a live streaming option where users can stream the sport of their choosing for free. 

Gross Revenue$850 million
Experience4 years(founded in 2018)
Deposit Bonus$100 welcome bonus
LicenseGovernment of Curacao

7. Caesars Sportsbook

Caesars is a veteran in the gambling industry. The popular brand merged with William Hill-one of the biggest names in the online gambling industry in 2021. After the merger, Caesars quickly rose to the top with the help of its exciting features. Odd boosts and the platform’s welcome bonus make it a worthy contender for the best online sports betting site. 

Gross Revenue$152 million
ExperienceLaunched in 2021
Deposit BonusFree bet up to $1,250 in case of a loss.
LicenseNew Jersey Division of Gaming Enforcement

The above-listed companies are some of the best websites to bet on sports. If you are in need of a sports betting platform, you can pick from any of these leading websites. Most of these companies are jack of all trades and don’t lack in any department. 

Read More:- An Ultimate Guide to Building Virtual Sports Betting Apps

Final Words

Choosing an online sports betting platform can be an arduous task. There are various factors that should be noted. You can refer to this blog if you are having a hard time choosing the platform most suitable for you. All the websites listed in this blog are the cream of the crop and will provide a safe and interactive online betting experience. If you are looking for a Sports betting website development company to develop your own platform, contact BR Softech.

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Frequently Asked Questions(FAQs)
Q.1 What’s the best sport to wager on?

It depends on your preference. The most popular sport on online betting websites is football. Although, it differs from country to country.

Q.2 What is the most profitable betting strategy?

 There are various types of bets that can give you an edge over the bookie. These bets include over or under-bets and half-time bets. It can also be beneficial for you if you are willing to insure your bets.

Q.3 What are the advantages of betting online?

There are many advantages of betting online. Some of them include-

1. Exciting offers and Welcome Bonus
2. Interactive Features
3. Bets from the comfort of your home
4. Better Odds

Nitin Garg

I am Nitin Garg Founder of BR Softech PVT LTD - an Award-winning, app, web & game development company. We are armed with 180+ geeks & 2753 clients worldwide, I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company.

About Us

BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2012 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, and mobile game/software development intending to deliver outstanding digital outcomes.

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