In today’s world of sports betting, new and established sportsbooks are competing for new customers by offering lucrative sign-up bonuses. These promotions range from deposit matches and bet credits to free bets and risk-free bets. Understanding these offers and their conditions is important in building your bankroll. Read all the terms and conditions before you make a deposit.
The threat of federal prosecution is real. Prosecutors have successfully prosecuted dozens of offshore operators over the past two decades. In one notable case, Jay Cohen, founder of the Antigua-based World Sports Exchange, was sentenced to two years in prison. In another case, prosecutors charged 57 individuals with illegal gambling, racketeering, and money laundering in connection with a Panama-based sportsbook. The prosecutions lasted for years, and all the defendants were found guilty.
Bovada is a good choice for those who prefer to use cryptocurrency as a method of payment. Bovada accepts Visa, Mastercard, and American Express, and bitcoin is available. Bitcoin deposits have no minimum or maximum deposit limits. The website is easy to navigate and has a wide variety of filters for various types of bets. The interface, however, might be a bit confusing for new users.
Before placing a bet, understand the odds. Decimal odds are easier to calculate than moneyline odds. In the case of the Utah Jazz, for example, a $1 bet on them would return $1.23, while betting on the Memphis Grizzlies would return $4.40. The number of odds does not represent profit, but it does reflect total payout.