To remain profitable, bookmakers must be well capitalized. While no bookmaker can guarantee even action on all sides of a game, the law of large numbers will ensure their profitability. In the United States, sportsbook laws vary widely, but the recent decision by the Supreme Court could change this. Read on to learn more. The Supreme Court’s decision is catalyzing changes in sportsbook laws. In the meantime, sports betting remains legal in most jurisdictions.

Offers free bets

There are several sportsbook offers that include free bets. These bets come with odds requirements that you may want to understand before you place any bets. For example, some sportsbooks require you to place wagers on teams with odds of -200 or higher, while others may only allow you to use free bets for sports events with odds of 200 or higher. Ensure that you are familiar with all the bonus terms and conditions, including expiration dates and restrictions, before you accept the offer.

Refer-a-friend promotions often require you to deposit a certain amount to qualify for free bets. Typically, these promotions require you to create an account with the sportsbook and invite a friend. You can also get free bet credits when you refer friends to a sportsbook. The only catch to these promotions is that they usually do not allow you to earn more than one credit for referrals.