If you want to be a successful sports bettor, you need to have the right tools. Part of that is making sure you’re well educated — Fade the Noise can help you with all our great sports betting and DFS tools and content — but that's just part of the equation. You also need to make sure you’re maximizing your dollars by utilizing multiple sportsbooks.
Having accounts at multiple sports books gives you a few key advantages.
You can shop for the best line
Every edge matters when you’re grinding a bankroll. Having access to multiple sports books allows you to ensure you’re getting the best price on all of your bets. Getting a bet a -105 as opposed to -110 might not seem like a huge deal, but it adds up over time.
You can look for hedge opportunities
This is particularly true with things like prop bets and futures. For example, if one sports book has the over on LeBron James’ scoring prop at +110 and another sportsbook has the under at +110, you can guarantee yourself a small profit. You’re not going to get rich this way, but who doesn’t want free money?
You can take advantage of signup bonuses and promotions
The number of legal sports betting locations in the U.S. continues to grow, and the various sports books are fighting hard to sign up new customers. That’s great news for sports bettors. Signing up for multiple venues allows you to maximize all the free bets and deposit bonuses that are being offered across the industry
If you are looking to sign up for a new account, these are some of the best legal online sports books currently available in the U.S.
The sports books
Where it’s legal: New Jersey, Indiana, New Hampshire, West Virginia, Pennsylvania, Iowa, Colorado
Welcome bonus: Up to a $500 deposit bonus and a $500 free play
DraftKings is easily one of the top online sportsbooks at the moment. Not only do they offer the best welcome bonus in the business, they also have a wide variety of sports to wager on. Users also receive VIP Rewards with each dollar spent that can be exchanged for site credit.
DraftKings also has a sharp user interface and offers quick deposits and payouts.
Where it’s legal: New Jersey, Pennsylvania, Indiana, West Virginia, Colorado
Welcome bonus: Up to a $500 free play
FanDuel has competed with DraftKings for years in the Daily Fantasy Sports industry, and now that competition has moved to sports betting. Their deposit bonus isn’t quite as appealing as DraftKings’ at the moment, but they still offer one of the best experiences possible for sports bettors.
Parlay insurance is one of their most unique and intriguing benefits. If you bet a parlay with at least five legs, you’ll get your money back up to $25 if only one of those legs ends up losing. There are some other conditions — each individual bet has to have odds of -200 or greater — but this option is a major win for parlay bettors.
Where it’s legal: New Jersey, Pennsylvania, Colorado
Welcome bonus: Up to a $500 deposit bonus and up to a $500 free play
FoxBet offers one of the best deposit bonuses in the business and also features odds boost to reflect some of the biggest Fox personalities. If you want to bet along with Colin Cowherd, Charissa Thompson, or Cousin Sal, this is the place to do it.
Where it’s legal: New Jersey, West Virginia, Indiana, Colorado
Welcome bonus: Up to a $500 deposit bonus
BetMGM is backed by a monster in the gaming industry. MGM Resorts International is partnered with several professional sports leagues, including the NBA, MLB, and NHL.
MGM also offers some of the best promotions in the industry. The Money Monday Club rewards you with a $10 free bet each Monday if you risk at least $50 during the previous week. The Live Basketball Free Bets promo rewarded bettors with a $5 free bet for each $25 place on live bets during basketball games. They also offered Overtime Insurance during the 2019 NFL season, which gave bettors a $25 free play if they lost a bet in overtime.
Where it’s legal: New Jersey, Pennsylvania, Indiana
Welcome bonus: Up to a $1,000 free play
Bet America is your top destination if you’re looking to bet on horses. They cover over 200 race tracks across the globe, which provides plenty of options for those looking to play the ponies.
Bet America also offers tons of deposit methods, giving users the option to deposit via eCheck, credit card, eCash, Neteller, PayLucky, PayNearMe, Play Plus, Skrill, and Vanilla Gift cards.
Where it’s legal: New Jersey
Welcome bonus: Up to a $500 deposit bonus
888Sports is a brand that players might already be familiar with. They’ve been in existence since 1997 and are fully licensed and regulated by the New Jersey Division of Gaming Enforcement. That’s the kind of safety that you should be looking for when signing up for an online sportsbook.
The site itself is also excellent: They cover a variety of sports and offer a mobile app for both iOS and Android devices.
Where it’s legal: New Jersey, Iowa, Indiana, and Colorado
Welcome bonus: Up to a $100 fixed-odds free bet and up to a $100 Pointsbet free bet
If you’re looking for a different way to bet on sports, PointsBet could be for you. They do offer traditional wagering, but they also offer a unique format called PointsBetting. Doesn’t it suck when you bet on a four-point favorite and they win by 35? Even though your team covered the spread so drastically, you don’t receive any additional money. PointsBetting looks to address that issue.
You can learn more about PointsBetting here.
Where it’s legal: New Jersey, Pennsylvania
Welcome bonus: Up to a $250 deposit bonus
Sugar House is only legal in two states currently and offers one of the smaller deposit bonuses. That said, they offer one of the lowest play-through requirements to actually cash that bonus out. You only need to play through the deposit one time for the funds to be eligible for withdrawal.