A sportsbook is an online gambling site where bettors place wagers on sporting events. Sportsbooks are licensed by government bodies to operate legally, and they pay taxes and adhere to regulations that protect players’ privacy.

The most popular payment methods at sportsbooks are credit and debit cards. Some also accept e-wallets, like PayPal and Skrill, which allow users to keep their money in one account and make transactions quickly and securely. Other options include prepaid cards and digital currencies like Bitcoin.

Regardless of the type of sport you are betting on, be sure to check out a sportsbook’s deposit and withdrawal limits. These limits can vary between payment processors and between sportsbooks, and they may be affected by service fees and other factors. Additionally, deposit and withdrawal speeds can vary between sportsbooks, depending on how they process payments.

When selecting a sportsbook, look at its deposit and withdrawal limits to ensure you are making the right decision for your budget. Then, examine its registration and verification processes to make sure they are easy for users to use. Some sportsbooks require only a name, email address, and last four digits of an SSN to register; others may ask for more detailed documents such as IDs or utility bills.

In addition to checking a sportsbook’s deposit and withdrawal policies, look at its variety of sports and markets. The best sportsbooks offer dozens of markets, going beyond the big four pro leagues in North America and soccer to cover tennis, golf, boxing, cricket, badminton, darts, cycling, and more.