The Odds Factory

Opening an Online Sports Betting Account

Elliot Kronsberg

Step 1: Find a Reputable Licensed Bookmaker

To start, you need to identify one or more reputable bookmakers. Check our detailed bookmaker reviews to help you do this. It’s important not just to sign up for an account with the first betting site you find online because not all of these sites can be trusted. Fly-by-night operations may steal funds you deposit or fail to pay out winning bets. Only play with companies that are licensed in your state.

Generally, it’s a good idea to open accounts with more than one bookmaker. Most bookmakers offer new account holders free bets up to a specified value, so opening accounts with multiple bookmakers will qualify you for more free bets. It will also enable you to compare different bookmakers’ odds and special offers so you can find the best value.

Step 2: Check Out the Bookmaker’s Site

Once you’ve chosen a few bookmakers you’d like to use, you’re ready to open your first betting account. This is a simple process. First, click the link to a trusted bookmaker’s site. Among the best-known and most reputable US bookmakers are:

On the home page of the bookmaker’s site, you’ll be able to click a Join NowBet Now, or Open an Account button or link to specify that you want to open a new account.

Step 3: Complete a Registration Form

Clicking the button to open an account will open a registration form, which you have to complete. Typically, you need to supply the following:

  • Your Name, E-Mail Address, & Physical Address
  • Your Date of Birth (to verify that you’re either 18+ or 21+ depending on what state you are in)
  • A Username and Password

In addition, you may be asked to enter a security code or the answer to a security question, such as “What’s your mother’s maiden name?,” for later use in verifying your identity. You can also select or clear an option to specify whether you want to receive information about promotional offers from the bookmaker. Some bookmakers require that you supply a valid credit card number or payment account number as part of the registration process. Often, however, you won’t need to do this until after you’ve registered and you want to deposit funds.

From the registration form, you can access the bookmaker’s terms and conditions. It’s important to read these to ensure that you understand how the bookmaker works and what to expect. For example, find out if a minimum deposit is required, how you can deposit and withdraw funds, what fees the bookmaker charges and rules for bets you place, such as the maximum amount you can win and what occurs when bets are voided. Also, check what conditions apply to any free bet offers. Once you’ve completed the form, you click a button like Join Now or Register Now to submit it.

Step 4: Deposit Funds in Your Account

After registering, you need to deposit funds in your account before you can place any bets. If you didn’t already do this during the registration process, you need to specify what payment method you’ll use. Bookmakers accept recognized credit cards like Visa and MasterCard. They may also accept payment using various debit cards and online money booking accounts, like PayPalSkrill or Neteller. Generally, any winnings you earn from bets will be paid to you using the same card or account. If the bookmaker you’ve registered with offers a free bet, you may need to deposit a specific minimum amount. Often this is between $5 and $10.

Step 5: Place a Bet and Get a Free One

Once you’ve deposited funds, you’re free to place bets up to the value in your account. To qualify for a free bet, you typically need to place one or more bets to a specified value using your own funds. Using the accounts section of a betting site, you can track how much money is in your account and details of the bets you’ve placed. You can also use this section to deposit or withdraw funds at any time.