Official betting is a type of online sports wagering that allows players to place bets on the outcome of specific events or leagues in real-time. There are a variety of bet types, including if bets and totalizators. If a bet consists of multiple selections joined by an “if” clause, the winning selection is determined by a series of conditions that are met. The odds on a winning selection will change in real-time as the share of the market that each bet has received is updated by the bookmaker.
Legal sports betting is available in several states. Pennsylvania was one of the first to introduce sports gambling after the Supreme Court’s PASPA ruling and opened its first retail sportsbook in November 2018. Online sportsbooks launched in May 2019 with SugarHouse, BetRivers, DraftKings and FanDuel all launching sites. New Jersey followed suit in April 2021 with the addition of retail sportsbooks at commercial and tribal casinos.
The NCAA is focused on the impact of sports betting on its student-athletes, the integrity of college athletics and its role in fostering good mental health and well-being. The NCAA has a robust network of contacts to monitor betting-related issues, including federal and state law enforcement agencies, gaming operators, campus administrators and specialized vendors. It also has an e-learning module designed to educate current and prospective students about the harms of problem gambling and the risks of sports betting.