Official betting is when a sportsbook accepts wagers on specific outcomes in a game. This includes predicting whether or not a team will win or lose, the total number of points scored in the game and more. BetRivers offers a huge range of different markets, including more than 300 betting options on a single NHL game, north of 400 betting markets on a soccer match and around 200 NBA and MLB games. The site also offers an automatic payout system called RushPay, which approves 80% of withdrawal requests instantly.
Sports teams regularly tie up sponsorship deals with online sportsbooks to boost their revenues and bolster their rosters. For example, DraftKings is the official sports betting, online casino gaming and daily fantasy sports partner of the New York Giants, while FanDuel is partnered with the Mohegan Tribe for retail and online sports betting in Connecticut.
Legal online sports betting in the United States has grown rapidly since the Supreme Court struck down PASPA in 2021. Currently, there are 24 states where sportsbooks have launched or are expected to launch soon, and Ohio is one of the most promising new markets.
Licensed and regulated sportsbooks use software that is designed to ensure bets are placed fairly and all customers’ funds are secure. They are also obligated to provide responsible gambling resources for their customers, including access to support services and tools to self-exclude from the sportsbook for a set period of time if needed.