What You Need to Know About Official Betting

Uncategorized Dec 6, 2023

In a sport like baseball, where the integrity of the game is at stake, it is important to know about official betting. Essentially, this means that all bets will be settled based on the official result as outlined by the competition’s governing body. This includes overtime and shootouts. It will also include games that are postponed but rescheduled for more than 72 hours from the initial start time.

Pennsylvania moved quickly after the Supreme Court’s PASPA ruling, allowing retail sportsbooks to open in November 2018. Online options followed soon after. SugarHouse launched the first online sportsbook in the state, followed by DraftKings and BetRivers. Both options offer an easy-to-use interface and mobile app, a convenient way to place bets.

Indiana legalized sports betting in September of 2021, and the industry grew rapidly. Several retail options have since opened, including FanDuel and MGM. In addition, a number of sportsbooks have opened inside major league stadiums — with the Bears opening one this season.

The NBA’s rules forbid players, coaches and other team personnel from placing bets on their own teams or league events, even if the betting is legal where they are located. The league’s prohibitions also extend to seeking, offering or accepting a bribe for match-fixing and providing information that could be used to fix a match. Players are required to sign a statement acknowledging the league’s gambling rules as part of their contracts.