A sportsbook is a place where people can make wagers on different sports. The term “sportsbook” is often used in reference to online sports betting, but it can also refer to physical locations that accept bets on different sporting events. The terms and conditions of a sportsbook can vary from one betting house to the next, so it’s important for gamblers to understand how a particular sportsbook operates before they deposit any money.
In order to make money, sportsbooks charge a commission on losing bets. This is often referred to as the vigorish, and it can be very significant for losing bettors. This is why many sportsbooks provide a variety of wagers, and it’s important for bettors to understand which ones they are best suited for.
Most sportsbooks require gamblers to place a minimum bet of $110 to win $100, and this ratio applies to bets on winning as well as losing teams. The reason behind this is that it’s not enough for a team to simply win, they must beat the spread by a certain margin in order to pay out those who are betting on them.
Fanatics Sportsbook has a mobile app, but it does not have a desktop website, so bettors will need to download the app in order to make a wager. The app offers an intuitive design and a wide range of betting options, including a ‘Game Day Guarantee’ for football season that provides up to $100 in FanCash back on losing bets.