What Is Official Betting?

Official betting refers to any wagers placed on the result of a particular game. This can include bets on league or tournament outrights (e.g. Denver Broncos to win Super Bowl, Novak Djokovic to win Wimbledon), individual player prop futures or any market where the outcome is based on an official governing body decision. All markets are settled based on the result of a full 90 minutes of play, including injury time and penalties. Any games which are abandoned prior to this will see bets void. Goals scored in penalty shootouts or own goals are not eligible for top goalscorer markets.

Betting on your own team can be risky, but if you’re able to keep your emotions and bias in check then it can lead to some profitable results. However, it’s important to remember that you should always research each sportsbook and their range of available bets. While user reviews can be helpful, it’s also worth checking out the betting markets themselves to ensure you’re getting the best value for your money.

While betting on NFL games is legal, NBA betting is not. Players or anyone working for a team cannot bet on NBA games, and those who do could be subject to a one-year suspension. This is despite the fact that there is no specific prohibition in the NBA collective bargaining agreement. The league’s constitution also stipulates that gambling is not allowed inside team facilities or on the road.