How to Bet on Sports: Step-by-Step Guide

Betting on sports is straightforward once you understand the basics. This step-by-step guide walks you through everything from choosing a sportsbook to placing your first bet.

Step 1: Choose a Legal Sportsbook

Only bet with licensed, legal sportsbooks in your state or jurisdiction. Popular options include DraftKings, FanDuel, BetMGM, and Caesars. Never bet with offshore books — you have no recourse if they don't pay.

Step 2: Create an Account

Sign up with your legal name, address, and Social Security number for identity verification. This is required by law for legal sportsbooks.

Step 3: Make a Deposit

Fund your account via credit card, debit card, PayPal, or bank transfer. Look for welcome bonuses — most sportsbooks offer deposit matches or free bet credits for new accounts.

Step 4: Place Your First Bet

Navigate to the sport and game you want to bet. Click the odds to add to your bet slip. Enter your wager amount and confirm. The potential payout is displayed before you confirm.

Step 5: Manage Your Bankroll

Never bet more than 2-3% of your total bankroll on any single game. Set weekly and monthly limits for yourself and stick to them.

Get our expert free picks to inform your betting decisions.