What Is Official Betting?
Official betting is the process of placing a wager on an event based on official information from the league, team, or sports organization. It is a legal option in many countries and is available at most online casinos and sportsbooks.
The most popular type of sports betting in the United States is the parimutuel wagering system, where odds change based on the share of money wagered on each outcome. Other types include totalizators, where bettors place their bets using an exchange that factors in the return rate of the bookmaker offering the bet.
Prop bets are wagers that focus on star players’ performance in a given game or other events related to the match. They may be made on things like whether the first points will be scored, or how a certain player will score a particular number of runs during a game.
NFL playoffs are a unique opportunity to bet on teams who are fighting for a playoff spot. Bettors can bet on the winners of each of the four first-round Wild Card games and then choose which two teams advance to the Divisional round.
In the US, official data from the major leagues is sold via Sportradar. The distributor charges a 0.25% commercial fee for each league’s live and in-play data.
Unlike the majority of other regulated markets, Nevada has not required operators to use official league data. However, the state’s gambling commission recently issued a request for feedback on the issue.