Official betting is a type of sports wagering that uses league-approved data to determine odds on games and prop bets. It is a popular way to bet on sports, especially for NFL fans.
The process of official betting involves a lot of research and calculations. These calculations help to ensure that the odds are accurate and fair. The odds are determined based on a number of factors, including the strength of the schedule and the margin of victory. They are also used to determine win totals, which is a set amount of money that can be won by betting on a team during a season.
In order to calculate the odds, sportsbooks use a variety of mathematical models and formulas. They also take into account the fact that teams may play on a back-to-back and not be fully rested. They may not be playing on their home field or they could have a depleted defensive secondary.
The NFL recently signed multiyear agreements with DraftKings, FanDuel and Caesars Entertainment to incorporate gambling content into broadcasts and stadium experiences. It expects to earn $270 million this year from these deals.