Official betting is the practice of making bets on sports events using data provided by the official sports league for that event. The practice of placing bets on sporting events was banned in the United States until the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in 2018.
Before placing a bet, be sure to familiarize yourself with all of the betting rules for the sport you’re interested in. You’ll want to understand how to read a money line, as well as the over/under and run lines. There are also specialty bets, such as the Exacta, Quinella, Trifecta, and Superfecta. These bets involve selecting the first-place finishers in a specific number of races and can offer huge payouts for bettors who correctly predict the results.
MLB is committed to ensuring that fans who choose to wager have the tools they need to bet responsibly. To that end, the league is a partner of the American Gaming Association’s Have A Game Plan. Bet Responsibly. public service campaign and is expanding its work with the National Council on Problem Gambling.
NBA players are permitted to place bets, but they can’t do so at team facilities or while they’re on the road with their team. In addition, they’re required to sign a statement acknowledging the rules governing gambling as part of their player contracts. If a player is caught violating the NBA’s gambling rules, they face suspension. In addition, the league carries out extensive background checks on its in-uniform officials, reviewing any criminal charges or convictions that include elements of deception.