What Is Official Betting?

Official betting refers to sports bets that are settled based on the final result of a game as outlined by official governing bodies. This includes overtime scores. If a game is abandoned before any play takes place, all bets will be void unless the market had already been settled. Postponed games will see bets stand if the match is rescheduled and played within 24 hours. In-game amendments, such as point dedications, will not change the outcome of futures bets. For cup competitions, markets will be paid based on the team that immediately lifts the trophy.

If you have more than one account, the sportsbook may deem this as an attempt to profit from inside information and run an investigation. Depending on the outcome of this investigation, the sportsbook may revoke any winnings, suspend both accounts and ultimately ban you from using its website.

In-game bets on individual players and match-ups are called prop bets. They can include a variety of wagers based on player performance, such as how many points the winning team will score or how many catches a player will make. These prop bets are typically available on both the moneyline and totals markets.

The NCAA supports updating state sports betting laws to protect student-athletes from gambling harm and address the impacts of problem gambling on student-athlete well-being. The NCAA also advocates for transparency, integrity and responsible stewardship. In addition, it encourages states to establish sports-gambling commissions to oversee the industry.