What Is Official Betting?

Whether you’re a newcomer to sports betting or an old pro, knowing what official betting is and how it affects your wagers will help you make the best decisions about your gambling habits. Essentially, it refers to placing a bet on an outcome that’s guaranteed by a league. The premise is that bettors would be at an advantage if they can place a bet on the winning team or individual player, and they’d receive higher payouts for their action.

In addition to making sure the site you choose is licensed and regulated in your state, you should also investigate the sportsbooks’ betting menus. User reviews can be helpful, but don’t take them as gospel. What one person sees as a negative, another might view as a positive (and vice versa). It’s also important to check out the betting markets available on each site. This will allow you to find a book that caters to your specific needs and preferences.

While the NHL’s stance on sports betting isn’t as strict as the NFL’s, it still prohibits players and employees of any NHL team or the league from placing bets on the league or its properties. The NBA’s stance is similar. It states that anyone playing or working for a NBA team is prohibited from placing bets on its games. However, those same individuals can bet on non-NBA events. This includes Super Bowl squares, NCAA tournament brackets and fantasy basketball, among other things.