Official betting is a process that determines the odds on a game. Betting sites use data collected from the official website to calculate the odds on a game. Then, the odds are made available to bookmakers. In turn, they can provide the best odds to bettors. Here are some of the benefits of official betting. In some cases, the official betting is easier to follow. However, there are many factors that make betting on games easier or more difficult.
Before sports betting was legalized in most states, the NCAA, NFL and other professional sports leagues held a hard line. The Professional and Amateur Sports Protection Act, passed in 1992, prohibited states outside of Nevada from accepting bets on games. However, the legislation was struck down by the Supreme Court on May 14, 2018.
In addition to the benefits, this policy is beneficial for the sports industry. It helps protect the league from corruption. In the NHL, for instance, there were allegations that Evander Kane’s wife was involved in gambling. The league is now providing its players with specialized gambling-related training, and employs world-class monitoring. This move helps protect the game from shady players and helps it grow as a business. However, the NFL is also concerned with the growing number of cord-cutters, which have disrupted traditional sports betting companies.
Other sports betting companies have made deals with major sports organizations. In July 2021, WynnBet will become the official sports betting partner of the Colorado Rockies. The partnership will include signage in Coors Field and a ceremonial first pitch before games. Meanwhile, PointsBet signed a five-year partnership with the University of Colorado. This agreement was the first between a sports betting operator and a Division I athletic program outside of Nevada.