The sports betting market is one of the most lucrative in the world. It’s estimated that more than $US100 billion is wagered on football, basketball, and other major sports each year.

However, before you start betting, you should know what kind of bets you’re planning to make. This will help you pick the best sportsbook for your needs.

First, decide how much money you’re willing to invest – this is also known as your bankroll. Ideally, it should be an amount you can lose without losing too much.

Next, find a sportsbook that offers a welcome offer to new customers. This will typically come in the form of a deposit match or risk-free bet.

Once you’ve found the right sportsbook, you’ll need to create an account. This will allow you to place bets and keep track of your winnings.

It’s important to be aware of the terms and conditions of each sportsbook before you sign up. These can include the minimum amount you can deposit and withdraw, how much you must stake before you can cash out your money, and whether you are eligible for a refund.

It’s also worth checking out sportsbet’s social betting feature, which allows you to bet on a group of friends, and pool your funds. This is a great way to have a fun and exciting betting experience with your friends, without the hassle of managing multiple accounts.