Official betting is a term used by sportsbooks to describe bets that are based on data provided by the sport’s governing body. This type of betting has grown in popularity as US states legalize the practice and leagues fight for a larger slice of the sports wagering pie.
Betfred, the UK bookmaker founded by Fred Done in the 1960’s, made its first foray into United States soil in Colorado in September 2020. The company has since expanded into Ohio, where both in-person and mobile sports betting are allowed. The state also makes it possible to place bets on collegiate games, though player prop bets are prohibited.
In markets involving outright/tournament winner, the result will be based on the team that immediately lifts the trophy at the end of the competition, regardless of any amendments that may take place. This is similar to the case for goalscorer markets, where own goal scores are not included in the totals. For props involving statistical totals, the game must be played for at least 8.5 innings to have action unless specified otherwise.
If a market is suspended or canceled, all bets in play will be void and stakes returned unless the market was already settled before the interruption. This applies to both live and pre-game bets, including those backed by moneylines. For markets that feature a specific player, he or she must be deemed active by the NFL before the start of the game for wagers to stand.