Sports Betting Rules – What Are the Official Betting Rules for Sports?

In the aftermath of the Supreme Court’s decision to strike down the federal ban on sports betting, individual states have been free to create their own rules. This includes regulating where and how wagers are placed, and determining whether sportsbooks will accept bets from their residents. Some states have already taken advantage of this opportunity, with Colorado legalizing sports gambling in 2019, and New York and Ohio launching online sportsbooks in 2022.

Putting money down on a sporting event’s outcome is called a bet, and there are many types of bets you can place. Some bets are simple, such as a straight-up win or loss, while others involve calculating pointspreads and totals to determine your payout. You can also place multiple bets together in a parlay, which increases your payout odds.

There are also a number of prop bets that allow you to place a wager on more specific outcomes, like how many points a player will score or whether a team will tank a game on purpose. It is against MLB policy to offer or accept a bribe in order to fix a match, and doing so could lead to an indefinite suspension.

The NHL’s collective bargaining agreement stipulates that any player or person working for a league club may not bet on a game while at the arena or in any other team facilities. The rule is posted in every NHL locker room and included in the league constitution, which lays out everything from ownership rules to the power of the commissioner.