Sports betting is a growing industry that continues to grow each year. It is currently legal in 30 states and the District of Columbia. While many states have resisted the idea of legal sports gambling, others have embraced it with open arms.
Official Betting (also known as “Officials” or “Professional”) is wagering on the outcome of a sporting event with an authorized sports book. Some professional sports teams have sponsorships with betting operators. These partnerships are usually mutually beneficial, as the clubs gain access to in-play data and other incentives from the bookies.
In addition, the teams receive exclusive advertising opportunities in the form of banners on dasher boards and other marketing material. Some clubs also allow the betting operator to use their trademarks in marketing materials.
The most common types of bets in official betting include money lines, totals and run lines. Money lines change constantly, so it’s important to check them periodically.
Totals: The total runs scored in a game, either over/under. A game must be played for at least nine innings to have action on a Total, or eight and a half for Player props.
Money Lines: The listed money line on a ticket is your official odds, unless a starting pitcher is changed. If the team you are wagering on loses, the line is adjusted accordingly.
If the line is adjusted, you can still bet on the game as a straight bet. You can also place an “if” bet, which consists of at least two straight bets joined by an if clause.