Running a sportsbook is a lucrative business, but the business model depends on being well capitalized. Bookmakers are not guaranteed equal action on both sides of a bet, but the law of large numbers ensures that they are profitable. Sportsbook laws vary widely from jurisdiction to jurisdiction, but a recent Supreme Court decision has catalyzed changes in U.S. laws. Here are the top 5 reasons to start a sportsbook:

DraftKings

For those who love mobile betting, there’s no better app than DraftKings sportsbook. Available on iOS and Android devices, the app is incredibly smooth to use and rarely lags. It’s easy to understand why DraftKings is so popular. You’ll find more than six pages of soccer leagues, which can be confusing for newbies. You can also place wagers on non-sports events like football games or horse races.

FanDuel

To deposit money into your account, you can use major credit and debit cards, or you can use PayPal. ACH and wire transfers can take a few business days to process, but you can usually withdraw your money the same day. If you are a frequent player, you can also use your online banking account. In addition, FanDuel offers live chat to help you with any problems you may have. Withdrawals are generally processed immediately, although you may need to wait a few days depending on your bank’s policies.

Bet365

While the company didn’t make the first list of approved sportsbooks for New York, it still hopes to play a large role there when the market opens on Jan. 8, 2022. Despite not receiving the first call, the NYGC unanimously approved FanDuel, DraftKings, Bally Bet, and Caesars. It has a sophisticated sports betting platform and is gaining ground on DraftKings in New Jersey.

Bet365 mobile app

If you’re a sports betting fan, you’ve no doubt heard about the Bet365 sportsbook mobile app. The app offers the same great features that you can find on the desktop website, including a horizontal menu that makes finding everything easy. There are options for live games, popular bets, and a search feature. The Bet365 iOS app makes placing bets and withdrawals a snap. There are no registration fees or login procedures and you can access your account from your phone or tablet.

Bet365 retail app

If you’ve ever been to a traditional brick and mortar casino, you’ve probably seen a sign for Bet365. Whether you like to play in person or in the comfort of your own home, this site offers a wide range of betting options. You can deposit and withdraw using a variety of different payment methods, including PayPal, credit card, Neteller, Paysafecard, and even cash. Once you’ve made your first deposit, you can use a number of options to complete the transaction.