Official betting is a new approach to sports betting that brings fans closer to their favorite teams, and also provides an excellent revenue opportunity for sportsbooks.
Unlike other forms of gambling, official betting has its own set of rules, and it’s important to understand those rules before placing any bet.
MLB & FanDuel join forces in a multi-year deal
Major League Baseball (MLB) and US sportsbook firm FanDuel have announced a co-exclusive official sports betting partnership that will expand the firm’s existing US sports sponsorships. The multi-year agreement adds to FanDuel’s extensive US sports sponsorships across the NFL, NBA and NHL.
The deal is another example of how the MLB and FanDuel have come together to provide fans and bettors with a highly-engaging sports betting experience. It also gives sportsbooks a competitive advantage and enables them to offer a wider range of in-play wagering opportunities.
Betting apps – what you need to know
With the launch of legal online and mobile betting in Massachusetts, a number of state-specific and universal sportsbook apps are available for betting. These apps allow customers to place bets on their favourite teams, and they are often a good way to find promotions and sign-up bonuses.
Live betting – what you need to know
In live sports betting, odds are updated in real time, and they are determined by the share of total exchange each possible outcome receives from bookmakers. This method of pricing is called a “totalizators” bet, and it’s similar to parimutuel wagering in horse racing and dog racing.