A sportsbook is a place where people can make wagers on different sporting events. These betting establishments offer odds on a wide variety of sports and are run by companies that use specially designed software to handle their lines. While some have their own custom-designed software, most rely on a third-party developer to provide them with the best in-sport betting experience.
One of the most popular wagers at a sportsbook is an over/under bet. In this type of bet, the total number of goals or points scored is projected by the sportsbook based on how much money is being wagered on each side. If public perception leans too heavily towards an unrealistically high number of goals or points, the sportsbook will adjust the payout odds in order to attract action on the other side.
The best online sportsbooks will feature a wide variety of betting markets and offer a mobile-optimized website to give their customers the flexibility they crave. They should also accept multiple currencies and be compatible with most major browsers. In addition, they will typically have a live chat feature and a Customer Support department that responds to questions or problems quickly.