The Rules of Official Betting

When betting on sports, it’s important to know the rules of official betting. These are rules that cover a wide variety of different situations, from how games are played and when bets are settled to player-specific wagering. This article covers all the important details so you can make smart bets on your favorite events.

All bets are settled based on the final results as declared by official governing bodies. This includes outright and tournament winner markets. Changes to a result after the initial declaration won’t affect outright and tournament bets, but will affect individual match bets. Likewise, any fights that are postponed will be paid out if they are rescheduled within 24 hours. Otherwise, bets will be voided.

Bets on individual players are governed by their clubs and FA rules. This is to ensure that players don’t have an advantage by having inside information about upcoming matches. Individuals associated with clubs at the lower levels of the men’s or women’s league systems and also match officials at FA Level 4 or below are banned from betting on football.

You are generally not allowed to bet on both the moneyline and point spread of a game at the same time, both individually and as part of a parlay. This is because bets are placed on the likelihood of a particular event occurring, and the odds of each individual outcome will be affected by the amount of money that’s being wagered on other outcomes.