Sports Betting – The Official Betting Rules

Before placing any wagers, players should always consider their bankroll and risk management. A good rule of thumb is to never risk more than 1% to 5% of their total bankroll on each play. This will give them plenty of room to recover from bad days. It’s also important to remember that sports betting is a marathon, not a sprint. Taking the time to research games and make smart bets can help increase your chances of winning long-term.

Athletes should be aware of the restrictions placed on them by their league and teams. They cannot place wagers on any game they are playing or traveling to with their team. In addition, they must sign a statement acknowledging the rules of gambling spelled out in their collective bargaining agreement.

Whether you’re looking for moneylines, spreads or parlays, there are plenty of different types of sports bets to choose from. You can also place futures bets, which are bets on events that will occur in the future. These bets usually have higher odds than standard straight bets.

Bets on collegiate games will be settled based on the official results from the governing body. All wagers will stand if a game is abandoned and restarted within 24 hours. However, any bets that are made after this window will be void. This includes totals markets, which need to reach the ninth inning for bets to stand. This doesn’t include over/under bets that are placed before the start of a game.