Sportsbooks offer many benefits to their customers. In addition to offering high payout percentages, reputable sportsbooks are known for their varied bet types and betting props.

There are also a number of sportsbooks that allow you to place wagers on both sides of a game. By doing this, you are increasing the value of your bets. However, you should only use these bet types if you can accurately determine the odds. This is an important skill in sports betting.

First, you need to check the legality of your sportsbook. Some are run by organized crime groups, while others are based in a country or state that prohibits gambling. Also, you need to check the payout limits. Depending on the sport, the minimum bets can vary from $50 to $500.

The best sportsbooks are those that allow you to bet on both sides of a game. They also offer a wide variety of payment methods, as well as live chat support.

When you sign up for a sportsbook, you will want to find out what kind of promotions are available. These can include first bet insurance offers. With these, you will receive a bonus if you place a big bet. You will also receive a payout if you lose your bet.

If you’re a new customer, you may get a welcome bonus. A sportsbook will usually have a promo code you can use for your first deposit. Usually, these are top tier codes.