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What is a sportsbook?
A sportsbook is an organisation or person that accepts and pays off bets on sporting and other events at agreed-upon odds.
How do betting odds work?
Betting odds represent the likelihood of an event happening. The odds enable you to work out how much money you will win if your bet wins. Less likely events tend to have higher odds and offer larger financial reward, while more likely events have a lower risk attached and therefore a lower reward. As an example, with odds of +400, for every $1 you bet, you will win $4. There is a 20% chance of this happening.
How many online sportsbooks are there in the USA?
The number of US sportsbooks is increasing regularly as more and more States legalize online sports betting and more and more sportsbooks receive licenses. Check our 'States' page on this site to find out which sportsbooks are legal in your area.