What Is Official Betting?

When you bet on an event that has been sanctioned by a professional sports league, it is known as official betting. This includes bets placed on regular season games, playoffs and championships. This type of betting is often available at sportsbooks in legal states.

Whether you want to place bets on your favorite team or a player prop, there are a variety of options at online and mobile sportsbooks. These include win, show and place bets as well as exotic wagers such as exactas, quinellas, and trifectas. You can also place futures bets on competition or tournament outrights (e.g. the Denver Broncos to win the Super Bowl, Novak Djokovic to win Wimbledon) as well as player-specific futures bets (e.g. Aaron Rodgers O/U 42.5 passing TDs for the season).

The NHL has a strict anti-gambling policy, and it is enforced on a team-by-team basis. It is against league rules for any in-uniform employee to gamble on any NHL game, and this includes players and those working for the team or the league.

On the other hand, Major League Baseball has an official partnership with US gambling company FanDuel in a multi-year deal that began in 2021. This adds to the league’s existing partnerships with DraftKings and other sportsbook operators, including the NBA, PGA Tour, NFL and WTA. The NBA has a long history of betting scandals, and the league recently fined several players and coaches. In addition, more than 40 NCAA student-athletes were flagged for suspicious betting activity last year, and the NFL has suspended at least two players and an assistant coach this season.