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Benefits of Using Multiple Sportsbooks 2024

Published: 4 weeks ago

Joining more than one sportsbook can be time consuming and be a real hassle - so why should you do it? In this guide, I’ll tell you not 1, but 5 major benefits of using multiple sportsbooks.

I’ll go through each of these in turn, so you’ll see how to get the best odds for each bet you place, make the most for the available promotions, and even safeguard your activity against the threat of being banned. You’ll have all the facts as well as the information to work out which are the best sportsbooks to join.

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Using multiple sportsbooks - The pros and cons

Pros & Cons
Pros & Cons
  • Find the best odds
  • Greater range of features
  • Take your pick of promotions
  • Joining multiple sportsbooks can take time

Why to use multiple sportsbooks?

As you can see from that little list of pros and cons above, there is more than one reason for opening multiple sportsbook accounts, with the only drawback being the amount of time it takes. In this betting guide  i’ll take you through each of the benefits of using multiple sportsbooks to show you it can certainly be worth that extra time and effort, and I’ll even show you a way to identify those extra sportsbooks quickly and easily without spending hours trolling through site after site looking for what you want.

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The benefits of using multiple sportsbooks

There are multiple benefits to having fingers in more than one pie, but these will be of different importance to each person reading this. For that reason, I need to say while this list is numbered, it does not reflect how important each one is - although I have started with what is regarded as the most common:

Make sure you always get the best odds

There are plenty of different types of bet, and plenty of markets to choose from, but one thing will remain constant. Whatever bet you happen to be making, you’ll want to do it at the best odds possible, and not doing this can be one of the biggest betting mistakes. It might look like all the odds are the same wherever you go, or that they all come from the same feeds, but even a cursory check of the odds available for an event will show some discrepancies across several sportsbooks. These might not be huge disparities, but depending on how much and how often you bet it can make a big difference. By having several sportsbooks ready to go, you can pick and choose which bets to place where, according to the best odds available or any promotional bet boosts that are available.

Take your pick of the best bonuses and promotions

While not as common, this can be just as big a reason. By joining multiple sportsbooks, you’ll have your choice of welcome offers. You might need the  sports betting bonus types explained in more detail - in which case there’s a guide for that, but here is a quick look at what is typically available.

Welcome bonus typeBonus details
Deposit matchThe sportsbook will match your deposit to boost the size of your starting budget.
‘No sweat’ betThe amount from your first bet up to a specified amount will be refunded to your account if it loses
Bonus betsYou are awarded a number of bonus bets; sometimes these have to be on nominated events.
No deposit bonusYou are awarded bonus bets after registration but before you need to make a deposit.

By having multiple sportsbooks, you can take your pick of these offers to match your betting style -  ‘No sweat’ bets can be popular with those who like to err on the side of caution - but it doesn’t stop there. There are also ongoing promotions you might want to switch between to get the most from your bet. If you only used one sportsbook, you could miss out on bet boosts, bonus bets or even cashback from the other platforms.

Access a wider range of markets

You have also probably seen that not all sportsbooks cover all sports, or some only have token markets, especially for the sports that don’t grab the headlines. Just sticking with one sportsbook would limit your choice of, for example some cricket leagues and competitions, or maybe lower divisions of European soccer. By having more than one sportsbook available, you could make sure that if one sportsbook is not covering these sports, another will, so you don’t miss out on wagering on your favorite sports.

Greater availability

This reason is twofold. Like it or not, sometimes sportsbooks are slow or go offline, which can be frustrating if you only have a few minutes to place a bet before work, or are trying to make the most of the live odds during a match. If you only have one sportsbook to rely on, you are left tearing your hair out, but having multiple options means you don’t miss out. The second reason is that if for some reason your account gets suspended or closed, you are stuck while matters are resolved. By having more options, you can continue your normal wagering without too much disruption.

Make use of multiple tools

Different sportsbooks have different tools, and you can pick and choose the sportsbook which has the best tools for the bets you want to place. For instance, if you are placing multiple parlay or accumulator bets, you might want to opt for a sportsbook with a bet builder. Alternatively, if you have a wager you are more nervous about, then picking one with a cashout option might fit your plan.

Additional reasons why to use multiple sportsbooks

While these are the main reasons why to use multiple sportsbooks, there are others, but as I said, this can be for more obscure reasons like:

1. Arbitrage

By having access to more than one set of odds, you might spot a discrepancy that means you can place a bet at sportsbook A and a compensatory bet at sportsbook B, giving you a theoretically risk-free profit. A word of warning though: sportsbooks can take a dim view of this if you are discovered, which could lead to account problems.

2. Different payment options

Sportsbooks can vary when it comes to supporting different payment options, so you might like the flexibility of being able to pay with different methods depending on where you are betting. Also, some bonuses exclude certain payment methods.

3. Streaming availability

Some sportsbooks show more events than others, but might not always have the best odds. By joining more than one sportsbook, you can watch the event on one while live betting on another.

Finding additional sportsbooks quickly and easily

You’ve now seen why relying on just one or two sportsbooks might be putting a dent in your experience, but how do you go about finding the right ones? Sportsbooks try to make joining as quick as possible but the process of identifying ones that fit your requirements and betting style, especially regarding markets and promotions, can take longer than you’d like. By using the review on this site, and even on the banners on this page, you’ll have access to all the data you need, and can make the process for finding what you need a whole lot easier as they have a breakdown of all the relevant features so you don't have to spend too long searching.

Conclusion - Exploring the benefits of using multiple sportsbooks

The question of why to use multiple sportsbooks has been answered, you are now armed with the information you need to potentially improve your betting experience by getting the best from every platform, especially when it comes to odds, bonuses, and range of markets. You’ve even got access to the tools to find any additional sportsbook easily, meaning you can get started whenever you're ready. If this betting guide has helped, you’ll be pleased to know there are plenty more available, each taking you through the different aspects of being a savvy bettor, from avoiding mistakes to learning how to hedge a bet.

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Benefits of using multiple sportsbooks FAQs

🔢 Do odds vary between sportsbooks?

Yes, odds can vary between sportsbooks. While they might seem similar at first glance, shopping around can often lead to better odds. Using multiple sportsbooks allows you to compare and choose the best available odds.

📈 Can you join multiple sportsbooks?

Yes, you can join multiple sportsbooks. They offer different promotions, markets, and odds. Joining several allows you to take advantage of the best offers and ensure you have access to a wider range of betting opportunities. Always remember to bet responsibly.

🎯 What are the benefits of joining more than one sportsbook?

Joining multiple sportsbooks lets you shop around for the best odds, access a wider range of markets and promotions, and ensures you have options if your usual site is unavailable or if you face account issues.

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