What Is Official Betting?

Uncategorized May 9, 2023

When it comes to betting on sports, it’s critical to understand that official betting refers to placing wagers on events that are deemed “official” by the state. This is a necessary step in protecting sports integrity and consumer safety. In states that offer legalized sports betting, there are strict licensing regimes in place to ensure that betting is conducted responsibly. The legalization of sports betting has been largely dictated by the individual states, with 35 of them currently allowing it.

Bettors are able to place a variety of bets on a game, from money lines to over/unders and props. Most of these bets require that a game reach its designated point before settlement, which includes a minimum number of innings played. The sportsbook’s rules will specify this, with a typical requirement being that the game go at least nine full innings (or 8.5 in a home team win) for a bet on the total to have action.

Certain props, such as player props and awards markets, may have different requirements. For example, player props on regular season games must be settled based on the number of games completed by the player’s opening day team to have action. If a player’s team makes the playoffs or tournament, these bets are settled based on the teams that advance to the World Series. Other market types such as the American/National League Winner or award winner will be settled if the relevant teams are awarded their respective prizes.