What Is Official Betting?

After the Supreme Court decided that individual states had the right to regulate sports betting, many states jumped into the market with a variety of different policies and regulations. Some states, such as North Carolina and Indiana, quickly ranked among the top five handle states, while others have taken more time to establish their markets.

The NBA prohibits players, coaches and other team personnel from gambling on any of its games or its properties. However, it doesn’t restrict the practice outside of team facilities or on non-NBA events. It also doesn’t restrict wagers made with Super Bowl squares or NCAA tournament brackets.

Official betting is a type of wager whereby a permit holder accepts bets on specific outcomes of professional sporting events that are settled using data provided by a sport’s governing body. A sports governing body may notify the department that it wishes to provide such data for use in settling tier 2 bets. The Director shall inform all permit holders of such notification within a reasonable time period of receipt.

When placing a bet, be sure to review each sportsbook’s rules and regulations before making a deposit or a withdrawal. It’s also important to consider customer support options before choosing a site. Look for FAQ articles, live chat and phone support. You should be able to find all of these features at a licensed and regulated sportsbook in the United States.

In addition, it’s worth examining the number of available bets on each game. For example, some sites list all the possible bet types while others offer more specialized betting markets like team totals or prop bets. A team totals bet is a wager on the amount of points that will be scored in a game. This bet is usually listed with a plus or minus sign in front of the number, such as Pittsburgh Steelers (-6.5).