Sports Betting Q&A
Frequently asked questions about sports betting

Can you bet on sports with Venmo?

Last Updated: Jul 1, 2022
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Fact Checked By: Josh Collacchi

No, not yet. Most legal sportsbooks around the country won't allow you to make bets with Venmo. 

Venmo is a mobile payment service that allows you transfer funds between friends and known acquaintances, but there aren't any sportsbooks that will allow you to make bets through it.

The lone method to use Venmo for sports betting is through pools with friends or you can use it for fantasy football and even then that depends on if the commissioner allows it.

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A futures bet is a bet on a future event, usually before a season starts.
Yes. Where legal, the Super Bowl is one of the most popular sporting events to bet on in the world, if not the most popular.
A hedge is a method to reduce risk and secure winnings for a specified bet.
If you've never bet before, there are surely a lot of words and phrases you've never heard before and even if you have bet before, you may not know...
Vig, or vigorish, is the cut or amount charged by a sportsbook for taking a bet, also known as juice.
Yes. Tennessee sports betting was legalized in 2019 and launched in 2020.
Yes. Sports betting is legal in North Carolina, but it will be fully operational on March 11, 2024, with pre-registration beginning on March 1, 2024.
Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Indiana passed a bill to allow sports betting in 2019 and wagering started in October with online betting opening a couple months later.
Yes, sports betting is legal in the state of Ohio.
Yes. Sports betting is legal and regulated in Arizona as of football season in 2021.
Yes. Pennsylvania passed legislation to allow sports betting in 2017 and sportsbooks began taking bets in 2019.
Yes. Michigan passed legislation to allow sports betting in December 2019 and the first physical sportsbooks opened in March 2020.
Yes, sports betting is live in Massachusetts.
Yes, sports betting is legal in Maryland. It launched on November 23, 2022.
Sports betting is legal in Ohio, and takes bets as of January 1, 2023.
Yes. Sports betting is legal in Virginia and residents began betting via FanDuel in January 2021.
NFL Week 1 odds came out on all the best sportsbooks following the release of the 2024-25 NFL schedule in May.
Yes. Colorado legalized in-person and mobile sports betting in November 2019.
Yes. New Jersey was one of the first states to legalize sports betting and online wagering after the 2018 Supreme Court decision.
Yes, FanDuel pays out real money. Whether you use the DFS portion of the website, sportsbook, or online casino, you will be paid out in real money.
Yes. Illinois passed sports betting legislature in 2019 and launched at legal sportsbooks in March 2020.
Yes. Sports betting can be a career if you make it your full-time job and put in the hours.
Bonus bets in sports betting are often connected to deposits and are also referred to as bonuses.
The plus (+) and minus (-) in sports betting can refer to either the point spread or betting odds.