Official betting is a legal form of sports betting that takes place at a licensed establishment. It is available to residents of several states across the country.
There are many different types of sports bets. Each of these has specific rules that apply to it. Some of these rules are listed below:
Baseball Rule – Players must take part in an official, shortened game and all other games must go at least 8.5 innings for bets to have action. This rule applies to both the Run Line and Total Bases markets.
Highest Scoring Inning Market – Settled using the 8.5 innings rule. This is one of the most popular markets in sports betting.
Inning/Half Inning Markets – The relevant full or half inning must be completed for bets to have action. This includes markets such as Team with Highest Scoring Inning, Team with Most Home Runs and Highest Overall Scores.
If bets are based on the outcome of a certain event, the odds will change in real-time based on the percentage return that each possible result has received. This is a common practice in horse racing and dog racing, but it can also be used to settle a wide range of sports betting wagers.
College Sport Laws – State-by-state regulations can vary. Some states are more restrictive than others, and some sports may be banned altogether in some places.
Player Props in Pro/College Sports – Some sports, such as football and basketball, do not allow player prop bets to be placed. This is because of state regulations, which may prohibit such wagers.