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A sportsbook is a company that accepts wagers from individual sports bettors. These companies are legal in most places, and offer several betting options on various sports events and games.

Some are based in physical locations, while others operate online and accept bets from anywhere in the world. They typically accept credit cards and e-wallets like PayPal or Neteller, and can even be accessed on mobile devices.

Before you start betting, make sure to read and understand the house rules of the online or retail sportsbook. You should also check the odds and lines for each sporting event.