What You Need to Know About Official Betting

Official betting is wagering that utilizes statistics, results and other data provided by the governing body of a sport. It is a popular way for bettors to place wagers on their favorite teams and players without breaking the law. However, it’s important to remember that there are a few key things to keep in mind when placing official bets.

NBA players are prohibited from placing bets on NHL games, but they are allowed to place bets on non-NHL events. This rule is included in the league’s collective bargaining agreement and is posted in every dressing room. The NBA also has a constitution that outlines everything from club ownership rules to the powers of the commissioner.

In the US, most major sports leagues have a gambling policy that prohibits their players from participating in illegal betting activities or offering inside information to other bettors. In addition to this, most leagues have a betting integrity department that works with regulatory bodies, sportsbooks and independent integrity monitors to enforce their policies. Attempting to tank a game or asking others to lose on purpose can lead to an indefinite ban.

Indiana is a top-five handle state since the state’s regulated sports betting market launched in October 2019. It has a variety of legal operators, including Fanatics and Betr, and is licensed by the Massachusetts Gaming Commission (MGC). It also features a number of brick-and-mortar sportsbooks that offer retail and online sports betting. Moreover, it offers an impressive selection of props, which are bets that have a greater payout than standard bets.