The Basics of Official Betting

Uncategorized Sep 29, 2023

Official betting refers to wagering on real-time events and is regulated by the states in which it takes place. It is typically limited to licensed sportsbooks and offers bettors the opportunity to win large sums of money. However, it can be risky, as bettors must know when to stop wagering and when they should withdraw their winnings. In this article, we explore the basics of official betting and discuss a few tips to help bettors stay safe while gambling.

While not all MLB sportsbooks are created equal, the best ones will feature a variety of customer support options. This may include FAQ articles, live chat, phone support or email. The best customer-friendly sites will also have a secure environment, meaning that their customers’ financial information is protected.


After PASPA was struck down, Nevada became one of the first states to legalize sports betting. Its sportsbook offerings are extensive, with 14 online betting platforms and more than 170 retail locations. However, the Silver State requires in-person registration at a casino to bet and has some strict rules around who can play.

A permit holder shall not offer or take bets on an event in which (i) the participant is a team from a public or private institution of higher education; or (ii) any person who is an employee or associated with such a team, league, or athletic association; or (iii) the immediate family members of such persons. The prohibition does not apply to college sports events in which a youth sports team or Virginia college sports team participates.