A team of betting experts here to assist you
Why trust us?
BetPhilly is committed to bringing you the most up-to-date information on sports betting. Our team is actively researching to find the latest deals and best strategies so you can take full advantage of your profits!
How we Review sportsbooks
We do the research
Here at BetPhilly, we use in-depth analysis to bring you the best advice we can offer. When making our recommendations, our experts take a deep look into the top sportsbooks and compare all aspects.
What kind of bonuses they offer
Due to the competitiveness of the betting industry, sportsbooks tend to “take turns” on offering the best bonuses. In other words, these deals are always temporary, and you never know when someone will announce the next best bonus.
What kind of margin they provide on odds
The variance in odd margins is another factor to consider when reviewing sportsbooks. Our team compares the top bookmakers to find who offers the best odds.
Experience in betting
BetPhilly is comprised of several gambling experts who all have years of experience in the sports betting industry. Our team is excited to share our knowledge and help you to become a profitable bettor!
We stay up to date with the latest news
Our team is committed to keeping bettors up to date on breaking news. From injury updates, to roster changes, BetPhilly has you covered!
Review Customer Support
Finding a reliable customer support team is a top priority when comparing bookies. You never know when you’ll come across an issue that needs immediate attention. To save you the trouble, BetPhilly is always up to date with which sportsbooks have the best support team.
On the legality of Sports Betting in Philadelphia
The Pennsylvania Gaming Control Board regulates sports betting. The betting platforms are subject to a 10 mln USD license, plus a 34% gross gaming revenue tax and other minor taxes and fees.
Licenses recognized in Philadelphia
The expensive license buys only one sports betting skin, which also allows the operators to open brick-and-mortar sportsbook locations. Depicting the brand name in a prominent place on the website is one of the requirements of the license. PGCB also has a list of sports and events open for betting.
Thanks to organizations like GamCare and Action against Gambling Harms, the community has access to countless resources that help gambling addiction victims.
With expertise in preventing and treating gambling addictions, these companies are more than ready to help!
Things that make Online Sportsbook safe:
- Safety of funds
The strict regulations have their upside for you, the player. Your funds and transactions are more protected in a regulated environment.
Here you still get to live the thrill of betting on your favorite sports and teams, but avoid the shock of an offshore bookie closing shop and running away with your money in the account.
- Security of personal information
Many bookmakers strive to maintain the full security of their bettors’ personal information. In order to keep their clients’ information safe, sportsbooks use security mechanisms. A common mechanism that’s used is a Secure Sockets Layer (SSL).
How to get started with online betting!
First things first: Here’s how you pick a sportsbook
- Look for Sportsbooks with the best bonuses
One of the most efficient ways sportsbooks reel in new customers is through the bonuses they offer. Sign up incentives are typically the best deals you’ll find. Some bookmakers will match upwards of 100% of your deposit.
- Find out who offers the best odds
When choosing a sportsbook, it’s a good idea to identify which bookmakers tend to offer the best odds. A tiny difference in odds may not seem significant at first, but it will make a considerable difference over time.
Picked your favorite bookie? Here’s how you open an account
1. Check the Sportsbook Requirements
The first step in creating your account is age verification. You must be at least 21 years of age to gamble in Philadelphia.
2. Visit their Registration page
After verifying your age, the next step is your registration. Once the app has finished loading, you’ll want to find and click the “New User/Register” button.
3. Make sure to opt-in for a Welcome Bonus
Some of the biggest advantages you’ll find straight out of the gate are welcome bonuses. Sportsbooks offer these one time deals to help acquire new clients. It’s a wise idea to compare your options before creating your account.
4. Submit your contact details
Another part of the signup process is contact information. To prevent illegalities, such as fraud and money laundering, sportsbooks use “Know Your Customer” policies. This requires new gamblers to submit their name, address, and other information.
5. Watch out for a verification email or SMS
The verification process may take a few days to complete. This generally stems from bettors submitting ID information that isn’t fully legible.
6. Login and Deposit your first playing funds
Once your identification has been verified, you’ll be ready to make your first deposit. After you’ve selected a deposit method, just enter the amount details and sit back and wait for your funds to arrive in your betting account.
7. You should be good to go and start betting!
Finally, you are ready to place your first bet! Most sportsbooks’ have interfaces that are straightforward and easy to use. Different sports typically have their own section, with additional betting options within the sport.
Don’t forget to redeem your bonus
- What is a Bonus?
Sportsbooks will offer special deals called bonuses. Despite how good these deals may sound at first, these deals have hidden restrictions tied to them as well. Before you redeem your bonus, sportsbooks require bettors to play through a free bet several times.
- Why are Bonuses Offered?
The reason sportsbooks offer these bonuses is because it’s an effective way of bringing in new customers. Existing customers are also pushed to continue making deposits. Due to increasing competition in the sports gambling industry, it’s crucial for sportsbooks to offer these deals.
- What is a RISK-FREE Bet
This type of bonus allows bettors to retain their money even if their bet didn’t win. The amount typically matches the value of the first wager.
- Be Careful to choose the right Bonus
Most bookies have separate casino & sportsbook offers, so be careful making your selection, you don’t pick the wrong bonus by mistake!
- Warning about wagering requirements
Be sure to read the terms of the bonus before depositing. Sportsbooks usually require bettors to wager over 2x the bonus amount in order to receive the bonus.
Understanding Sports Betting Odds
What are Odds and how do they work?
Bookmakers decide what odds to use based on how likely the bet is to win.
You can expect big payouts when betting on a successful underdog. On the flip side, betting on favorites will always payout less than the amount you risked.
The most popular format in the US: American Odds
In the United States, the most common odds format is known as “American” odds. Also referred to as “money line” odds, these odds display the amount you’ll need to risk in order to win $100. For underdogs, it displays the amount you’d win if you had wagered $100.
What does -110 mean in betting?
A -110 money line bet is saying that if you were to risk $110 and win your bet, you would profit $100. Sportsbooks generally use this odds line for games that don’t have a favorite.
Other Odds Formats
- Decimal Odds
Decimal odds are the easiest to calculate your returns. In order to calculate your payout, simply multiply the stake by the decimal odds.
- Fractional Odds
These odds appear as fractions and are meant to calculate your payout. In these circumstances, the denominator is your stake and the numerator is the payout.
Types of Betting Markets
The rules for moneyline bets are simple: If the team you wagered on wins their game, you win your bet! It’s also easy to see which side offers the best value.
Total Lines (Over/Under)
Over/Under totals only focus on the game’s final score, not the winning team.
Bookmakers set a number known as the “total” that represents their predicted combined final score. Betters can either bet on the final score being “over” or “under.” An odds line of -110 is common for these bets.
These bets, known as point spreads, represent how many points a team is projected to win by.
Let’s say the 76ers are -8.5 point favorites against the Celtics. Philadelphia would need to win by 9 points to cover the spread. If they fail to do so, then the Celtics would cover the spread.
Betting on a team to win the first half, rather than the entire game, can offer great value!
The Eagles are -450 on the moneyline this week, but if you wanted to bet on them just winning the first half, you could get them at -310.
Prop Betting is a fan favorite, these bets focus on particular events throughout the game. Common examples include which team will score first, the first score method, the first offensive play of the game, etc. Depending on the type of prop, the odds will vary.
Place a deposit: Payment Methods for Sports Betting in Philadelphia
- Credit/Debit Card
Many bettors use a credit/debit card when making a deposit. The money transfer is super quick, and your funds should be available within a few minutes. To avoid dealing with anti-fraud protocol, you may want to contact your bank prior to making a deposit.
An increasingly popular deposit method for sportsbooks is cryptocurrency. Making a transaction is easy, the fees are low, and your funds will be available within minutes. Bookies also tend to offer better bonuses for deposits made with cryptocurrency!
Digital wallets, such as PayPal, Skrill, and Payoneer, are another common way for bettors to make deposits. These services save users time by bypassing having to deal with a bank. These wallets also have the option to instantly transfer funds.
- Bank Transfer
Despite wait times upwards of 5 days, most sportsbooks still offer wire transfers as a deposit method. Some bettors will use wire transfers for safety reasons. But with the other methods available, this option should be your last resort.
Was luck on your side? Here’s how to withdraw your winnings!
When it comes to making withdrawals, there is a good bit of fine print involved. It’s always a good idea to read through the details to make sure you’re able to withdraw with ease later on. For example, before receiving your bonus, most bookies ask bettors to risk at least double the amount of the bonus.
Withdrawal limits are very similar to wagering requirements. When making a withdrawal, bettors have time and amount limits to abide by. Always make sure you’re aware of these limits before making a deposit!
The time limit attached to withdrawals displays how often gamblers can take out their funds. Depending on the bookmaker, limits can range from once a week to once a month. Some bookies may not even have a limit.
Like the time limits, sportsbooks also have amount limits for withdrawals. There may also be a fee, depending on which method you chose. Sportsbooks generally ask for a minimum of $10 when making a withdrawal, with some maximum limits reaching $10,000.
In order to guarantee a minimum level of security, bookmakers utilize “Know Your Customer” also known as “KYC” policies. These policies aim to prevent illegalities, such as fraud and money laundering.
Methods of Withdrawal
When making a withdrawal, sportsbooks offer several different options to bettors. Depending on the bookmaker, some will have more options than others. Some common examples found on most sportsbooks are Bitcoin, Bank Wire, Person-to-Person, and Physical Check.
Top Sports Betting Events
At the start of the season, the New England Patriots and Kansas City Chiefs were the top two favorites to win the Super Bowl. Kansas City proved they were no joke, advancing to the final stage, where they defeated the dark horse San Francisco 49ers to capture Super Bowl 54.
NBA Championship Finals
This year’s NBA Finals consisted of the (+6000) Miami Heat and the highly favored (+450) Los Angeles Lakers. After an incredible Miami playoff run led by Jimmy Butler, the Lakers proved to be too much, winning the NBA Championship in 6 games.
Going into the season, the New York Yankees and Boston Red Sox led the MLB with the best odds (6-1) for the World Series title. The Houston Astros and Washington Nationals made it to the grand stage, with Washington winning the Championship in 7 games.
The typical format for the NHL playoffs has 16 teams competing for the Stanley Cup. However, due to COVID, the league was forced to make adjustments to this year’s playoffs, leading to 23 teams being in the mix this year.
After nearly 5 months since the regular season was cut short, the Tampa Bay Lightning (+650, preseason favorites) won the Stanley Cup in 6 games over the Dallas Stars (+1800).
This year’s March Madness tournament saw Michigan State, Virginia, Texas Tech, and Auburn reach the Final Four. The Texas Tech Red Raiders (+750) and the Virginia Cavaliers (+280) both advanced to the Finals, with Virginia finishing the job to win their first-ever NCAA basketball championship!
The NFL Draft had several quarterbacks projected to be taken early in the first round. With the first pick, Cincinnati selected Heisman trophy winner Joe Burrow from LSU. Miami selected Tua Tagovailoa out of Alabama with the 5th pick, and the Chargers picked Oregon’s Justin Herbert at number 6.
Top Sports Teams
The Philadelphia Eagles have started the season with a 1-3-1 record, good enough to rank 2nd in the NFC East. Carson Wentz has struggled in his first five games, but if he can get back to playing the way he has the past few years, this team could easily make the playoffs, or maybe even get back to the Super Bowl.
The 76ers made the playoffs for the 3rd year in a row, finishing the season ranked 6th in the Eastern Conference. After two straight 2nd round eliminations, the 76ers were poised to reach the Conference Finals this time around. The Boston Celtics had other plans, however, sweeping the 76ers in the very first round.
After finishing 6th in the regular-season standings, the Philadelphia Flyers came into the Playoffs as the leagues’ hottest team. They continued their winning ways into the NHL’s bubble in Toronto, knocking off the Montreal Canadiens in 6 games in round one. Philadelphia would lose some steam in round 2, as they faced a slightly more-rested New York Islanders team. The Flyers put up a great fight, but the Islanders went on to win game 7 by a score of 4-0.
In a shortened MLB season due to COVID, the Philadelphia Phillies barely missed the playoffs, placing 10th in the National League with a 28-32 record. Philadelphia has now missed the playoffs for the 9th year in a row. However, after a tremendous rookie showing from Alec Bohm, the Phillies are closing in on returning to the MLB postseason.
After qualifying for the playoffs in 2018 and 2019, the Philadelphia Union have had a strong start to the 2020 year. Through 17 games so far, the Union are in 2nd place in the Eastern Conference. Goalkeeper Andre Blake is having a career year; his 7 shutouts are tied for the most in the MLS. Forward Kacper Przybylko leads the Union in goals and ranks 7th in the MLS with seven goals scored.
What to do if you encounter any problems
- Why is customer support important?
Whenever you encounter an issue, it’s important to have reliable customer support on your side. A good support team should be able to respond and address your problem within 15 minutes.
- Most used means: Email, Phone, Chat.
When contacting customer support, these are your best options. If you are looking to get in touch as soon as possible, phone and chat are the quickest methods. For those who need to send attachments or want a record of their conversation, email is a great choice.
- Other ways to reach for help:
- FAQ – If you have a basic question, the FAQ section covers all of the most frequently asked questions.
- Social media – Another great place to look for help is social media. Most sportsbooks post and interact with bettors on platforms like Twitter, Facebook, Instagram, etc.
- Mail – If all other methods are unable to get your question answered, you can mail a letter to your sportsbook as well.
- Forums, Help Centers – Another resource for getting help is through forums and help centers. You’ll find detailed descriptions on many different topics and sports.
Mobile Betting Apps
- Benefits of Mobile Apps
Sportsbooks with mobile apps host many benefits for their users. Whenever an odds line changes, there’s no faster way to take advantage than with a mobile betting app.
Don’t forget! Keep betting fun! Play responsibly
As fun as betting on sports can be, you must be careful to make sure it doesn’t become an addiction. You must have a strong sense of self-discipline to gamble responsibly.
- Do you gamble too much? Here are the symptoms.
- Gambling more often to chase your losses.
- Wager even higher amounts to keep entertained.
- Repeatedly failing at reducing how frequently you gamble
- Lying to friends & family to hide your gambling.
- Requesting money to help compensate for the funds you’ve lost.
- Having to steal just so you can continue betting.
You’re now good to go!
You are now prepared to begin wagering! We appreciate your time and wish you the best of luck in all of your sports betting endeavors. Thank you for reading our guide and choosing BetPhilly!
Frequently Asked Questions (FAQ)
There are several online sportsbooks in Pennsylvania where you can legally place sports bets including:
- Bet Rivers
- Parx Casino
- Fox Bet